Hurricane Michael’s Damage Could Top $25-B

Hurricane Michael’s Damage Could Top $25-B

Hurricane Michael’s Damage Could Top $25-B The monster storm made landfall Wednesday in the Florida Panhandle Michael is the 4th-strongest hurricane ever to reach the US Mainland ever. Hurricane Michael will probably end up causing at least $25-B (an perhaps more) in economic losses. About $3-B of that will fall on the federal flood insurance […]

Hurricane Michael Hammers Florida With 155 mph Winds

Hurricane Michael Hammers Florida With 155 mph Winds

Hurricane Michael Hammers Florida With 155 mph Winds Supercharged by abnormally warm waters in the Gulf of Mexico, Hurricane Michael slammed into the Florida Panhandle on Wednesday with potentially catastrophic winds of 155 mph, one of the most powerful storms ever to hit the US Mainland. Michael blew ashore near Mexico Beach, a tourist town […]

Hurricane Michael Strengthens as it Heads to North Florida

Hurricane Michael Strengthens as it Heads to North Florida

Hurricane Michael Strengthens as it Heads to North Florida Florida Governor Rick Scott is warning that Hurricane Michael is a “massive storm” that could bring “total devastation” to parts of the State. Scott activated 2,000 members of the Florida National Guard Tuesday to deal with the fast-moving storm expected to hit the state within the […]

Michael to Make Landfall in Florida as Major Hurricane

Michael to Make Landfall in Florida as Major Hurricane

Michael to Make Landfall in Florida as Major Hurricane Hurricane Michael is expected to strengthen Tuesday in the Gulf of Mexico, taking aim at the Florida Panhandle, where residents were implored to get out of harm’s way ahead of life-threatening waves, winds and rains. Tens of thousands of people have been ordered to evacuate in […]

Hurricane Florence Performing as Predicted

Hurricane Florence Performing as Predicted

Hurricane Florence Performing as Predicted Florence Unleashes Wrath on Carolinas, With Worst Yet to Come Hurricane Florence is doing “exactly as predicted,” and the storm surge and flooding remain the major dangers, FEMA Administrator Brock Long said Friday after the eye of the storm made landfall. “Because of the expansive wind field and the slowdown […]

Hurricane Florence Will Not ‘Move the Needle’ on US Economy

Hurricane Florence Will Not ‘Move the Needle’ on US Economy

Hurricane Florence Will Not ‘Move the Needle’ on US Economy $DIA, $SPY, $QQQ, $RUTX, $VXX US Commerce Secretary Wilbur Ross predicts that Hurricane Florence will not be devastating to the overall US economic, despite any financial damage to North and South Carolina. “Overall, it’s not going to move the national economy,” Ross said Thursday while touring […]

Hurricane Florence’s Effect on Commodities

Hurricane Florence’s Effect on Commodities

Hurricane Florence’s Effect on Commodities $CORN, $WEAT, $SOY, $USO,$UNG Thursday’s US economic data included: CPI, Export Sales, Jobless Claims and followed by EIA Gas Storage. But the the Main headline is Hurricane Florence bearing down on the east coast, and a major tropical disturbance in the Gulf of Mexico, it is 1 that has a 50% chance of forming into […]

Florence Hammers the North Carolina Coast

Florence Hammers the North Carolina Coast

Florence Hammers the North Carolina Coast Hurricane Florence began hammering the North Carolina coast Thursday, with heavy surf pounding the Outer Banks and barrier islands, as the storm’s surge drove seawater over some beaches and past oceanfront homes. The storm was downgraded from a category 4 Thursday to a category 2, but its massive size, […]

Hurricane Florence Will Distort Economic Data, Expect Little Harm

Hurricane Florence Will Distort Economic Data, Expect Little Harm

Hurricane Florence Will Distort Economic Data, Expect Little Harm $HD, $LOW The coming economic impact of Hurricane Florence is unlikely to be large but will likely muddle US data for months, judging from past experience. Last year, Hurricanes Harvey and Irma constrained activity in Q-3 of Y 2017 and sparked rebuilding later in the year […]

Hurricane Florence from the International Space Station

Hurricane Florence from the International Space Station

Hurricane Florence from the International Space Station Hurricane Florence is predicted to slam into the US East Coast as an “extremely dangerous major hurricane” overnight Thursday. The storm may stall over South Carolina and North Carolina, dump several feet of rain, and trigger widespread floods. A camera aboard the International Space Station recorded video of Hurricane Florence Wednesday morning, […]

US Farmers Hurry to Harvest Crops as Hurricane Florence Looms

US Farmers Hurry to Harvest Crops as Hurricane Florence Looms

US Farmers Hurry to Harvest Crops as Hurricane Florence Looms $WEAT, $CORN, $SOY As powerful Hurricane Florence moves closer to the southeastern United States Tuesday, farmers in North Carolina rushed to harvest Corn and Tobacco and stock up on pig rations, while the danger of deadly flooding threatened a state where millions of farm animals […]

Hurricane Florence Driving Crude Oil and Gasoline Higher

Hurricane Florence Driving Crude Oil and Gasoline Higher

Hurricane Florence Driving Crude Oil and Gasoline Higher $USO, $OIL, $UGA Crude Oil and Gasoline posted the biggest gainers since late June as Hurricane Florence threatened US East Coast fuel markets and sanctions began crimping Iranian Crude Oil exports. Crude Oil futures in New York climbed 2.5%, while gasoline futures popped higher by 2.8% Tuesday. […]

Hurricane Florence Pounds Some Financial Markets  

Hurricane Florence Pounds Some Financial Markets  

Hurricane Florence Pounds Some Financial Markets $KBWP, $All, $TRV, $IAK, $HD, $LOW, $GNRC The path of Hurricane Florence’s potential destruction runs right through markets from stocks to mortgage-backed securities. The Category 4 storm, which is forcing more than 1-M people to flee to safety and could wreak as much as $27-B in damages in the […]

Hurricane Florence Seen Causing $27-B in Damages

Hurricane Florence Seen Causing $27-B in Damages

Hurricane Florence Seen Causing $27-B in Damages $HD, $LOW urricane Florence’s top winds hit 130 miles (209 kilometers) per hour to become a Category 4 storm, one step below the most severe level, as it pushed toward the U.S. East Coast, where mandatory evacuation orders went into effect. Parts of North Carolina’s Outer Banks were […]

Hurricane Florence Stalks US East Coast

Hurricane Florence Stalks US East Coast

Hurricane Florence Stalks US East Coast Monday, more than 1-M people were ordered to evacuate the path of Hurricane Florence as the Category 4 storm packing winds of 130 miles per hour (195 kilometers per hour) bore down on the East Coast of the United States. South Carolina Governor Henry McMaster told up to 1-M […]

Hurricane Florence on Course to the Carolinas

Hurricane Florence on Course to the Carolinas

Hurricane Florence on Course to the Carolinas Hurricane Florence has grown to a potentially catastrophic Category 4 storm Monday as it closed in on North and South Carolina, carrying winds and water that could wreak havoc over a wide stretch of the eastern United States later this week. The 1st effects were already being seen […]

Florence Approaches US Becoming an ‘Extremely Dangerous’ Storm

Florence Approaches US Becoming an ‘Extremely Dangerous’ Storm

Florence Approaches US Becoming an ‘Extremely Dangerous’ Storm People in Florida through North Carolina should ensure they have their hurricane plan in place and follow local officials asvise. Tropical Storm Florence is expected to grow into an “extremely dangerous” hurricane by Monday as it approaches the US East Coast, the National Hurricane Center said, urging […]

Tropical Storm Gordon Lashing South Florida

Tropical Storm Gordon Lashing South Florida

Tropical Storm Gordon Lashing South Florida Monday, Tropical Storm Gordon lashed South Florida with heavy rains and high winds, and is expected to strengthen into a hurricane when it hits the central US Gulf Coast. Gordon formed into a tropical storm near the Florida Keys early Monday as it moved west-northwest at 17 mph. The […]

President Trump wants “Conclusive Answers” on the Mole the FBI Inserted in his Campaign

President Trump wants “Conclusive Answers” on the Mole the FBI Inserted in his Campaign

President Trump wants “Conclusive Answers” on the Mole the FBI Inserted in his Campaign The Operation was dubbed ‘Crossfire–Hurricane’ by the Bureau. Saturday, US President Donald Trump called his/our Justice Department to release documents in light of reports of an FBI mole infiltrating his 2016 Campaign, saying on Twitter that the data “can give the […]

Goodbye La Nina, Hello Normal Summer

Goodbye La Nina, Hello Normal Summer

Goodbye La Nina, Hello Normal Summer Scientists in the US say this past Winter’s brief La Nina has evaporated, meaning an increased likelihood of a more normal Summer. Last Thursday, the National Oceanic and Atmospheric Administration (NOAA) said that the central Pacific has returned to normal after a weak-to-moderate natural cooling that happens every few […]

Hurricane Irma Update: People, Zoos, Wildlife Centers Hunker Down

Hurricane Irma Update: People, Zoos, Wildlife Centers Hunker Down

Hurricane Irma People,  Zoos, and Wildlife Centers Hunker Down Hurricane Irma began its assault on Florida early Sunday with the storm’s northern eye-wall reaching the lower Florida Keys as a powerful Category 4 storm. Irma lashed the area with maximum sustained winds near 130 mph,  and the US National Hurricane Center said it was expected […]

Cruise, Airlines Send Ships and Planes on Hurricane Irma Rescue Mission

Cruise, Airlines Send Ships and Planes on Hurricane Irma Rescue Mission

Cruise, Airlines Send Ships and Planes on Hurricane Irma Rescue Mission $RLC, $NCLH, $JBLU Royal Caribbean Cruises Ltd. (NYSE:RLC), and Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) are sending some of their empty ships to the Caribbean to help evacuate stranded tourists and bring much-needed supplies to islands severely damaged by Hurricane Irma. Norwegian expects to […]

Rebuilding After Hurricanes Will Boost US Economy

Rebuilding After Hurricanes Will Boost US Economy

Rebuilding After Hurricanes Will Boost US Economy $DIA, $SPY, $QQQ, $VXX Federal Reserve Bank of New York President William Dudley said back-to-back hurricanes in Q-3 will  lead to increased economic activity over the long run despite any tragic consequences. The storms could (will) influence the timing of the next interest-rate increase, although above-trend growth does […]

Florida Governor Issues Latest on Hurricane Irma Preparedness

Florida Governor Issues Latest on Hurricane Irma Preparedness

Florida Governor Issues Latest on Hurricane Irma Preparedness Governor Rick Scott traveled the state Thursday and Friday ahead of Hurricane Irma Gov. Rick Scott received a full update on Hurricane Irma from the State Emergency Operations Center and a briefing on Lake Okeechobee impacts by the South Florida Water Management District. The Governor is continuing […]

US Officials Believe That Irma Will Be Devastating

US Officials Believe That Irma Will Be Devastating

US Officials Believe That Irma Will Be Devastating Hurricane Irma will have a “truly devastating” impact when it slams into southern coastal areas of the United States, the head of the US emergency agency said Thursday. Federal Emergency Management Agency (FEMA) boss Brock Long said people in Florida and other states must heed evacuation orders […]

Western US Ravaged by Wildfires, Carib and East Coast Lashed by Storms

Western US Ravaged by Wildfires, Carib and East Coast Lashed by Storms

Western US Ravaged by Wildfires, Carib and East Coast Lashed by Storms The smoke, the flames, the aching lungs, the evacuations, they are Summertime facts of life in the US West, where every wildfire season competes with memories of previous destruction. This year was supposed to be mild after an extremely wet Winter and Spring […]

Democratic Lawmakers Align with President Trump on Key Issues

Democratic Lawmakers Align with President Trump on Key Issues

Democratic Lawmakers Align with President Trump on Key Issues President Donald Trump and Democrats align on adding a 3-month extension of the US debt limit and government spending to a hurricane-relief bill over the arguments of fellow Republicans, who pressed for a longer debt extension. Wednesday, President Trump, after meeting with Congressional leaders at the […]

Hurricane Irma Looms, Florida Insurers’ Shares Fall

Hurricane Irma Looms, Florida Insurers’ Shares Fall

Hurricane Irma Looms, Florida Insurers’ Shares Fall $HRTG, $TRV, $HCI, $UVE Shares in Florida home insurers fell Tuesday as investors braced for losses as Hurricane Irma appeared set to hit the state Saturday. Shares in Heritage Insurance Holdings (NYSE:HRTG) hit record lows and were last down 15% at 9.58 with trading volume 2.1X its 10-Day […]

Hurricane Irma Has Florida Under State of Emergency

Hurricane Irma Has Florida Under State of Emergency

Hurricane Irma Has Florida Under State of Emergency Caribbean Islands brace for fierce Hurricane Irma, now a Category 4 Storm Hurricane Irma, may cause the Miami Dolphins and Tampa Bay Buccaneers, the season might begin sooner than expected, as Florida is put under a state of emergency. The NFL is considering moving the Dolphins-Bucs opener […]

President Going to Flood Devastated Texas Tuesday

President Going to Flood Devastated Texas Tuesday

President Going to Flood Devastated Texas Tuesday US President Donald Trump has scheduled a Tuesday visit to flood devastated Texas White House Press Secretary Sarah Sanders announced Sunday. “We are coordinating logistics with state and local officials,” Sanders said Sunday. “Once details are finalized we will let you know.” Ms. Sanders confirmation of the President’s planned […]

Hurricane Harvey Strengthens, Mandatory Evacuations Ordered

Hurricane Harvey Strengthens, Mandatory Evacuations Ordered

Hurricane Harvey Strengthens, Mandatory Evacuations Ordered Thousands of people fled Texas early Friday as Hurricane Harvey, a life-threatening storm, gained strength and hurtled toward the state. Homeowners, businesses and government officials were scrambling to prepare for the potentially devastating storm. Forecasters said it could lash the state with significant rain, 125-mph winds and up to […]

Hurricane Matthew Now a ‘Powerful’ Category 5 Storm

Hurricane Matthew Now a  ‘Powerful’ Category 5 Storm

Hurricane Matthew Now a  ‘Powerful’ Category 5 Storm A hurricane southeast of Jamaica strengthened to a “Powerful” Category 5 storm late Friday, forecasters said, and watches were in place for that nation as well as the southeastern coast of Haiti. Hurricane Matthew is now the strongest hurricane in the Atlantic since Felix in Y 2007. […]

‘Hermine’ Churning off the US Mid-Atlantic Coast

‘Hermine’ Churning off the US Mid-Atlantic Coast

‘Hermine’ Churning off the US Mid-Atlantic Coast Storm Hermine churned off the US Mid-Atlantic Coast Sunday, with forecasters projecting it may regain hurricane strength as it slowly moves North, cramping the Labor Day Holiday weekend with high winds, soaking rains and surging seas. The storm, which claimed at least 2 lives in Florida and North […]

Peak Hurricane Season Is Here

Peak Hurricane Season Is Here

While the direction and intensity of tropical activity currently brewing near the Bahamas is uncertain, Floridians should take steps now to prepare for this and other possible storms, said the Insurance Information Institute (I.I.I.) Late summer is peak time for hurricanes. Of the top 10 costliest hurricanes to strike Florida, all of them made landfall […]

Heavy Storms and Heavy Flooding Across Houston Texas

Heavy Storms and Heavy Flooding Across Houston Texas

Heavy Storms and Heavy Flooding Across Houston Texas Heavy storms roared across the Houston area Friday evening causing multiple roads closing and evacuations because of the floodwaters. In Galveston, torrential rain came down on the area as the swirling winds as severe weather moved through the area. The waters continue to rise in and around […]