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Because it comes about this time every day, 11 00 a. M. Eastern, we get an update from the national Hurricane Center. And well wait to see what they say about the massive Hurricane Milton that caused 6 Million people to evacuate in its path in the state of florida. The life threatening storm is now moving toward floridas Gulf Coast. Forecasters say it will slam into that peninsula. Late tonight or into the early hours of tomorrow. What they are looking at is exactly where it will hit. They arent saying it is not going to hit. Some forecasters are saying is Storm Surge could be higher than what it was in Hurricane Katrina which left more than 1,300 people dead. ....
Stores are closed. A lot of velocity, it will bring a lot of hazards, a lot of damage. They conditions are getting worse by the minute. This is already happening. Here it is, it is on the ground. We need to prepare for catastrophic impacts. Neil get ready because it is almost on, Tampa And Fort myers, as florida braces for impact. Hurricane milton becoming category three storm ours away from making landfall. The outer bands are already hitting, dropping from airports and military bases, schools and colleges and Theme Parks are closed as this Monster Moves in. Millions in its path or heading out, they got the warnings. Welcome everybody, im neil cavuto. Category three storm now still dangerous, twice the size of what it was yesterday at this time. Go to Steve Harrigan in ....
Fanning the flames. What can the government do? we talked again about the issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn this future is around? one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, bad property investments for a very long time but the banks need to have better capital to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects w ....