tv Wall Street Week FOX Business August 26, 2017 9:30am-10:00am EDT
9:30 am
on the "fox news" channel are for sunday morning teachers. catch the show at 10:00 a.m. on "fox news." that will do it for us now on "wall street week". thanks for being with us. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show, i'll give you critical tips
9:31 am
you need to know in the "massi memo" because information is power. and the property man has got you covered. [ woman vocalizing ] thanks for joining us. i'm bob massi. frequent viewers of this program have seen me highlight some of the amazing work done by the charity building homes for heroes. they're a national non-profit that builds or modifies beautiful mortgage-free homes and gifts them to injured veterans and their families. >> we'll gift a home this year every 10 days. >> it started in 2006 by businessman andy pujol. >> building homes for heroes is my way to serve our country, to serve the united states of america. >> but the story of how the group came to be is what brings me here to tucson, arizona. in 2003, army sergeant mary herrera was a military police officer serving near fallujah, iraq.
9:32 am
she was working as the gunner on the lead humvee of a convoy when, suddenly, they were ambushed. >> i see two guys up on the bridge. by the time i looked up, we were already getting hit. >> wow. mary was immediately hit in the arm by ak-47 fire. >> i immediately start to suppress fire with -- with the machine gun. and i got hit the first time on my upper right bicep. i could still use my arm. i could still suppress fire. >> so it's still functional at that point. >> it was still functional. it was still functional at that point. now, i'm holding the rifle and firing. and all of a sudden, my right hand falls to my left. >> all functions gone? >> all functions gone. the only thing attaching my hand to my arm was skin. my vehicle commander looks at me. and the look on his face told me that the arm was gone. >> wasn't good. yeah. >> yeah, it wasn't good. >> she lost sensation in her arm. and the doctors said she probably would lose it completely. >> the first thing that i heard was she's alive and she's gonna make it.
9:33 am
but, uh, she's being seen by the doctors and the surgeons and everything. >> how many surgeries did you have? >> i've had, uh, 23 surgeries. >> is there any other future surgeries you need? >> oh, absolutely. >> mary recovered at brooke army >> todd: 33 minutes after thes, hour there we're looking at a shot there of corpus christi yo, can see a tree uprooted, for the very latest we go to fox 26s steven morgan he is live there in corpus christi with the verya latest on the ground. steven? >> reporter: yeah, good morning. we have some wind still blowing here. we have the rain that's continued to fall and in fact it's lightened up a little bit but that wind still how els and as the sun has risen we're getting a first look at the damage in corpus christi. we're actually at a t head. it's a local restaurant actually that you can see the corpus christi bay and if we want to pan over and just see some of the damage done here at the land ers shrimp and seafood house a
9:34 am
as they call it, some debris scattered on the ground here. also some glass has been shattered. when those winds came at about 130 miles per hour, just yesterday as hurricane harvey landed and really pummeled the coast just north of corpuso. non christi, we still saw a lot of the damage. you can see the roof here completely torn off just sort of the frame left, the canopy and the covering was tossed about 50 to a hundred yards out to sea close to out to sea just near the beach and as we still stand here just this morning, this afternoon that wind continues tn howell, and people have been out checking their boats seeing damage done and i'm sure there will be quite a bit of damage they have to pick up but a category 4 storm making landfall last night at about 10. we still feel those winds, its since been downgraded as its made its way inland.ly
9:35 am
now we just have that rain and flooding to deal with. here in corpus christi though we are dry. we're just going to have a longe cleanup ahead of us. >> abby: steven can you give us a sense corpus christi where you are was supposed to be the eye of the storm. it's really hard to predict what happens with these hurricanes and where they go. it has moved up the coast. rockport, texas is really seems to be hit the hardest. service but where you are though in corpus christi has it pretty much been evacuated? is there anyone out and about? what does it seem like?o >> reporter: well slowly but surely yes people are startinghe to come out actually the hotel we were staying at lost powerba and there are a few residents who actually escaped that live closer to the coast. they moved inland too to try to stay away from where the brunt of the storm is experiencing and we're going to make the attempt, we're going to risk and try to go up to rockport later this afternoon because i know there is a lot of damage up here but down here in corpus christi, people are slowly getting out and just assessing the damage
9:36 am
that has happened because of hurricane harvey. >> abby: looking at it this morning tough for a lot of people there steven thank you so much. fox 28. >> todd: let's get down to rick now whose been tracking the storm and rick as we look at the map in front of you there on the floor and we see the different ways in which this thing is spin ning, where can we expect to see the most rain? i always get confused is it the bottom side of the hurricane? is it the top part of the hurricane, what area is it? >> not all hurricanes are created equal so they don't all behave in the same fashion. anywhere closest to the center is where it's going to be and likely to the right of it because that's where we will have the feeder bands that continue to be pulling in. the south side of it towards corpus christi is going to get a lot of rain over the next couple of days but if you go just kind of south towards kingsville beyond that i think you're mostly going to be dry. i want to show you so talk about the forecast and forecasting has come a long way in the last couple of years. thursday morning, this is what the national hurricane center put out of a forecast and we always say don't follow the exact line but if you do follow
9:37 am
this exact line to landfall, that's where it made landfall about five to 10 miles off of that center spot so the nhc is getting very very good and they even are getting better at strength forecasting and they's were forecasting a major hurricane category 3 almost to a category 4 and that's what it was.he also this year guys we have new satellite imagery because of the satellite that launched last fall. take a look at this image a couple hours before it made landfall you'll see the center of the storm the eye that was about to go over rockport. rockport is the town we're talking about it was just on ths left side of it so they got very strong winds but they were in the center of the eye so they had that experience of going outside and having calm-- conditions for that little bit. here is the setup we have now you've got this high pressure off towards the north and that's going to block it and we talked about on models we look at and sometimes talk about spaghetti plots this is that. because sometimes it looks like spaghetti. all of the different models just meandering this thin all around the area and if you look at the
9:38 am
end of the lines that's thursday morning. you get the idea here we are saturday morning. we've got another five to six days of this storm in the same area. that's why we expect to see the rainfall totals so high. it's because of the rotation these things rotate counterclockwise so the center of it has the worst of the rain at this point but these bands that come up and will continue to get pulled up into that rotation, that's where we will see the raining of the thunderstorms for hours at times and sometimes we'll see maybe three to four inches of rain and then clear out a little bit and another band feeds back into the same spots. overall once you put all of this together, the rainfall totals are extreme for some and model outputs continue to be scary to be honest with you alarming to see these amounts in the 50-inch range. certainly we'll see spots well over 40 inches where that is hard to say but a big swath that are going to be over two feet of rain and that's why this flooding will be extensive and very damaging for the people who are right in the path, guys.
9:39 am
>> abby: wow okay live for us thank you, rick. >> todd: rob schmidt has been live for us this morning trying to get into rockport, texas earlier this morning but cell towers down it was too impassable to drive, barely able to drive and had to turn around and head back. rob where are you right now and what are you seeing? >> reporter: well we just came back into corpus christi just to get you guys some of this video. nothing special about where i am right now i don't know if we get a signal to send it to you but what we saw was category 4 hurricane. we saw what the eye of that storm can do the most dangerous part of the storm a lot of flooding we had downed power lines, leveled homes. let's play some of that video we'll show you the highlight ree l. we're coming up in rockport, texas this is ground zero for the storm that you can see this is a category 4 hurricane and this is the damage it can cause. we hope and pray that nobody was in this house because this is really terrible. this is complete devastation here and another one right over here a number of homes we've
9:40 am
seen these as we've driven down this main drag this is market street through rockport. it's a small town maybe 10,000 people and we're just about a mile from the water that way and the eye wall came right through here and we're expecting to see more devastation like this and a lot of water. there's so much water even parts of the freeway that we took in here would be under water for a good quarter to a half a mile. we saw just completely under water a lot of water, a lot of wind. this is a category 4 hurricane. >> reporter: we're back now we have another one that we have if we can play it. i'm not sure if we have it but we have one from downtown on market street which we don't have that one just yet. we're working on it right now but you can see some of the devastation there. that home just completely leveled. we saw a couple of cars near that house too. we hope that nobody was there at the time and to be honest with you i don't think anybody has
9:41 am
gotten to there yet so back to you in the studio. >> todd: rob what did you see in rockport? emergency crews out we were asking the lieutenant governor a new minutes ago about rockport because it seems like that is ground zero and with cell towers down communication people taking to twitter to try to tell people that i'm here, maybe i'm even stuck. i need help what did you see as you were driving through the streets there, emergency crews and otherwise? >> reporter: we saw two rockport volunteer fire trucks movet goot through. they looked like vintage fire trucks and that was it. it honestly felt like we were h the first people that had come through in some ways. let's show you that scene from market street. this is kind of like the central part of rockport. >> it's 8:00 in the morning and getting slammed by this storm here in rockport. this is where the eye came through and this is the epi center of the storm and look here behind me you can see this traffic light completely spun around by the heavy wind and here a tree in the middle of the
9:42 am
intersection and just debris everywhere. metal pieces and sticks every where back here behind us. that's a trailer in the middle of the intersection and across the street you can see this gas, station that got ripped apart by the high wind and that dangling traffic light and this shows you the impact of a category 4 storm . and we saw a lot of flooding as well. we had to drive threw two feet of water in some places just to get through it so a real mess and we didn't really even scratch the surface of that town we went down market street and had to hustle back to get this stuff on television for the show there was no cell phone service just a mess in that area. we'll go back in and see what else we find. >> abby: rob just the winds. i mean the speed of the winds what it must have been to knock over the size of those trees and it looked like an rv was turned over. you were feeling that wind.
9:43 am
how hard was it? >> reporter: oh, yeah here in corpus christi it just seems like it would be a bad day to play golf where i'm standing but you go 20 miles that way even right now and i mean the sustained winds were so much more powerful. it was what felt like a constann 80-mile an hour wind it was incredible and the difference it can make in a small distance was something else. it's really bad in rockport that's where the story is the next few days. >> clayton: rob schmidt live in corpus christi great work and please stay safe. you know, you see these images at this point coming out now and you are realizing that's someone 's home, that's someone's memories, that's everything they've worked for probably in that home and just now the human toll really sad to see. >> abby: absolutely. well, coming up hurricane harvee expected to be the most devastating storm to hit texas in decades. what will the economic toll be? trish reagan is here to discuss all of that with us on the couch , next.
9:47 am
>> todd: welcome back as w communities pick up the pieces in the wake of hurricane harvey, what will the economic toll be? joining us now is the host of the intelligence report on fox business trish reagan and she always raises the intelligence on this. >> trish: thank you for that. >> todd: good to see you there and flattery always gets you. $40 billion could be the economic impact of hurricane harvey in that region. harvey in that region. oil r harvey in that region. oil r so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver.
9:49 am
disconnect, the total bureaucracy you can imagine of the federal government trying to get these resources and aid to the people and that's where the break down comes in. i would argue that the companies and the private sector does it a whole lot better, but then you have to deal with the companies that are going to try and get out of some of these things. it's very challenging in these events about when it's that destructive and you need to to rely on the federal government for help. it's always scary. >> abby: trish reagan always good to have you with us. >> trish: thank you. good to see you.
9:50 am
>> abby: there's a lot of news we've been following all morning long., i want to bring you other headlines we're watching closely starting with this one several right wing alley rallies forced off the street in an effort to avoid violence. organizers with the group patriot prayer canceling rallies in san francisco and berkeley saying they didn't want to a attract groups of white nationalists who would only promote racism and this comes after one person was killed in slashes several weeks ago in charlottesville. >> abby: and the most talked about fight in years in just hours away. boxer floyd mayweather coming out of retirement to battle it out with usc fighter conor mcgregor. mayweather looking to earn his 50th career win against mcgrego who will be making his pro boxing debut. the action begins tonight 9:00 p.m. eastern at the t-mobile arena in las vegas. >> todd: but let's be clear it's 9:00 p.m. eastern but that fight won't start until like midnight right? just when we're waking up? >> abby: will you be up? [laughter] >> clayton: well the sun is ris ing in texas and we're t
9:51 am
getting our first look at the damage done by harvey from raging fires due to the heavy end to the heavy floods. you know, i mean, it's elegant. but it's simple. >> right. >> you know, it fits the home and the character of the home and the whole ambiance of the home. >> and you can see how you would use this as a family. >> absolutely. >> have breakfast here. sit at the breakfast bar. >> absolutely. now we're into the master bedroom area. >> we are in the master suite, yes. you can see european oak wood floors, the very clean detail throughout, the sitting room behind us. you really have your own dream space back here. >> and with a view of where we, you know, the backyard, the guest house. >> you wake up to the best view in the house. >> yeah. >> you've got the private patio behind me that you can access. really, it would be hard to leave this space. >> let's go look at the bath area. >> oh, please. the marble flooring, his and hers sides. >> this brings a whole new definition to a closet, okay? >> yes, it does.
9:52 am
uh, this wouldn't be his closet. >> this is a room. this is a bedroom. this could be multiple bedrooms, actually. >> absolutely. you've got the full gym for the fitness buffs. one thing i can say about scottsdale, everybody seems to be fit. >> oh, yeah. absolutely. >> this is a room you could stay fit in, for sure. everywhere you go in this house, you are drawn to the natural light and beauty from the outside spilling in. the 7,600-square-foot formal mediterranean home sits on a lush estate hidden in the desert with just under 1 3/4 acres. so let's go take a look outside, because when i came through the front door, that's breathtaking. >> oh, yeah. everything in the home leads to the outside. >> i'm tellin' you, it reminds me of "the godfather." >> 1.7 acres out here, looking straight out to the mcdowell mountain preserve, unobstructed views. it just feels very private back here. this is your own private desert oasis, very lush. everything inside is leading you to the outside. >> and nobody ever believes
9:53 am
that a home like this would ever exist in the desert. i mean, really. >> and i don't blame 'em. >> the house features a truly relaxing oasis with a pool and spa and separate 516-square-foot guest house. i mean, i was inside the casita. i could live there and never leave. you've got the lap pool. >> absolutely. >> i mean, it has its own kitchen. it's self-contained all the way around. >> it's got its own kitchen. we're gettin' ready to walk past the -- the private spa over here. you can access it off of the patio off the master suite. >> yeah. >> the detail in the landscaping and the landscape architecture, and it really sets itself apart. other side, you've got the bocce court. so its an entertainer's dream. but it's also a great family home. >> self-contained. you don't have to leave. >> no. you really don't. >> if you don't wanna leave, you don't have to leave. when you look at this home and you see what comes with it and the ambiance that you create, almost like you're alone. >> absolutely. >> when i heard the price, i'm not saying that that's not a lot of money. but i would have thought it would be more than that.
9:54 am
>> you can really get a sense for the clean lines of the architecture. >> very much so. >> it really has a good blend of entertaining, family living... >> everything anybody could ever imagine in a home. >> right. >> at the same time, i have to say, as lush as it is, it feels lived in. it feels -- you could have a beautiful family in there and really enjoy the home. >> and it is. this is a family home. they've got young kids. they use the home. >> todd: six minutes before the top of the hour now let's go live once again to griff jenkins in houston where the flooding is growing by the minute. griff? >> reporter: guys i just moved off the main rode i was showing you hpd houston police department trying to assess what to do. they have these high water rescue vehicles ready to go, perhaps coming at some point if someone gets in trouble but verv quickly i want to just give you that dynamic of the anatomy of what's happening here. if you look far and see that running water, it looks more
9:55 am
like a river. that is keegans bayou. that is a small river small stream keegans bayou and it normally runs it has crested by at least a foot there and its flow to cross this grassy area that's not normally the bayou would be dry into this parking lot coming all the way back across into the cars that we showed you flooding and in just beyond that, beyond the check cashing store, that was the rode belford that we were on that's literally shutdown for at least two blocks heading in that direction, so this is the scene that is going to be playing out all across houston, we're still in the southwest area, but this is what they're looking at and if we get more of these bands for several days it's going to be a major problem. >> todd: thanks, griff we've also got more video coming in from rob schmidt in rockport, texas ground zero area. >> abby: near there that was
9:56 am
apparently the eye of the storm overnight. >> clayton: look at that. >> abby: this is coming in from rob schmidt down on the ground as clayton was saying he's now in corpus christi but you can see there the damage of the heavy winds, what they were capable of doing. people now coming out this morning waking up as the sun has come up they're able to see the damage that it caused to where they live, to everything they own. i mean this is just heart breaking to see as we are all waking up this morning and getting a better sense of how hurricane harvey has already impacted so many lives on the ground in texas that is in rockport, texas. we'll be back right after this with more fox & friends. copd makes it hard to breathe.
9:57 am
so to breathe better, i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators, that work together to significantly improve lung function all day and all night. anoro is not for asthma . it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro.
9:58 am
call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪go your own way get your first prescription free at anoro.com. >> welcome back. i'm bob massi, the property man. and it's time for the "massi memo." earlier, we talked about renting versus buying and how you can know which is right for you. as with so much else, there's no magic answer. it depends on all sorts of different variables like how long you're planning on staying, what kind of financial resources and credit you have, what your priorities are in terms of location, transportation options, and amenities, and, of course, the total monthly costs of each. now remember, looking at monthly cost does not just mean comparing rent versus mortgage payments.
9:59 am
don't forget about things like hoa dues, homeowners insurance, property taxes, landscaping, utilities, water, and sewer. it goes on and on when you own a home. realtor.com has a rent-versus-buy calculator that is a great place to start. using it, you can see at what point home ownership pays off based on your specifics and then decide if it's the right move to make. whatever you do, do not make a decision like this on a whim. and don't listen to everybody, only people who know what they're talking about. do your homework. research your options. and make the smart move. that's all the time we have for today. be sure to send me >> todd: welcome back. heart breaking images coming int now from rockport, texas near rockport, texas moments ago, people coming out waking up walking outside their trailers seeing devastation. these are the first images from rockport, texas what we thought would be the headline of the da.
10:00 am
the major devastation ground zero, hurricane harvey, keep it here to fox news channel throughout the day for updates. >> abby: we'll see you right back here tomorrow morning. >> clayton: cost of freedom is live right now. the pause that is not necessarily refreshing welcome everybody i'm neil cavuto, fox under texas under siege as hurricane harvey un^ leashes all sorts of hell. here is what we know right now. harvey is a category 1 storm and it is still packing a lot of winds and heavy rains, several areas are under tornado and flood warnings better than a dozen texas counties in fact, dramatic pictures are showing buildings on fire, houses on fires, others that are collapsing so authorities are warning the worst may yet be to come with potentially devastating floods which tends to be a rule of thumb with hurricanes of this magnitude. so i'm asking to say that the
67 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on