tv FBN AM FOX Business September 11, 2017 4:00am-6:00am EDT
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nearly half of the state of florida without power. live reports up and down the coast of florida, plus an update from the national hurricane center. good morning, everybody. cheryl: that's seconds away, we should say, investors are closely watching what's happening with florida, take a look at the future's markets right now. turning higher after irma moved west, that eased a lot of worries about flooding and property damage with the insurance, the insurance companies, also no new missile launches out of north korea, right now dow pointing higher by 123. lauren: looking pretty good n. europe stocks opening higher in europe. ftse in london is up two-thirds of 1% and the cac in paris each up more than 1%. cheryl: nikkei ending up 1.4%. we have complete market coverage for you. hurricane coverage, fbn:am starts right now.
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♪ lauren: 5:00 o'clock in new york, monday september 11th, thank you for joining us. i'm lauren simonetti. cheryl: good morning, everyone, i'm cheryl casone. we are getting update. we know still a category 1 storm, 85 miles per hour but still a destructive storm. lauren: yeah, triple threat, it's the wind and the rain and the storm surge of hurricane irma that is making people very cautious and worried this morning and breaking news right now. we've got the latest the eye of hurricane irma passing key region, now 75 miles an hour, knocked out power to just about 4 million homes and businesses, at least four deaths reported thus far. you're looking at footage that show it is destruction in naples after irma rift through that city last night. streets were flooded and many homes damaged.
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cheryl: look at this video. this has a roof being peeled off a two-story building in miami. this happened earlier yesterday and three three construction cranes have collapsed. police say they've arrested 30 people for burglary and looting, irma center will stay inland before she decides to move up into georgia, alabama, tennessee. president trump has declared major disst err in the state of florida, that makes federal aid available, the president in camp david over the weekend had a cabinet meeting, they were all monitoring the storm very closely. >> to make sure that people get the needed money, fema running $9 million an hour. let's go to jeff flock, he's been weathering the hurricane. he's 30 miles southwest of tampa, hey, jeff, the winds, you know what looks stronger than it did a couple of minutes ago.
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>> well, here is the deal. we are on the backside of the storm, it's important to point out that we are not done with the storm surge yet because the way this counterclockwise rotates we are right here along the gulf and we weren't getting right out of the north, as the storm goes past you you get the rotation and then start to get it right straight off the gulf. this is the storm surge out here that's now starting to come in. that's a good one. yeah, that was a good one. there you go. so we are not done with storm surge here. you think, the storm has passed, no, no, because the back end is going to force the water through the pass, you can't see the bridge that goes island, we are in madeira beach, it certainly won't be near the devastation that we saw in the keys, the keys completely, talk about storm surge, those folks were storm surge and completely
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submerged by the hurricane because it was so strong when it came in there. i mean, here we are talking, where i'm standing one cat 1 conditions maybe, maybe not even cat 1 conditions because it's passed and we are still getting this kind of blow, can you imagine cat 4, cat 5 conditions, that's what they got in the keys. then cat 3 conditions when it went to naples, you know, it came in across marco island. we haven't seen pictures from marco island yet. if you look at what happened in naples which is not where it came in, you can see the kind of devastation done there, you know, roofs torn off, complete flooding and that will go down because it's surge flooding, won't be like houston, won't be like harvey, but there's a loft water out there and, of course, a lot of damage done by that water and more of that could come here. this is, of course, much more of a population center here along the west coast, this is kind of the miami of the west coast, st. pete and tampa area.
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as i said, as perhaps you can see behind us, the storm surge is still coming here, when the sun comes up, we will probably be able to see it a lot better and a lot safer in the daylight too. you don't have to light it up with flashlight here. we are not done yet, folks. cheryl: really quick before you go, was there a mandatory or voluntary evacuation in madeira beach? jeff: yeah, i see it. there was not a mandatory evacuation here but here is the deal, here is the dirty little secret about mandatory evacuations, there's no such thing of a mandatory evacuation, that makes you think, oh, you have to go, this is america, nobody drags you out of your home and so when they say mandatory evacuation, that just means we really want you to go and we are not going to come get you if you get left out there and that's absolutely true. police are on the streets but they're not responding to anybody in trouble, and so, you know, it's a libertarian society
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here. you want to get in trouble, you can do do it, but you are on your own. lauren: i love the flashlight, jeff flock, i know you need it. thank you. cheryl: jeff tracking the storm. but what about the cost of all of that? lauren: let's bring in tracee carrasco joining us with that and some other headlines as we follow hurricane irma, good morning, tracee. tracee: irma's winds are to leave billions of dollars of insured damage, much of it will be from reinsurance companies not the carrier on their contract because past hurricanes like andrew and katrina devastated the state insurance marketplace. brand-name national home insurers reduced presence in florida, some states run smaller to mid-size home insurance have had to pick up slack, the reinsurance companies will
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largely bear the brunt of irma. cheryl: you have the power issues, it's 12,000 flights. it's more than 12,000 flights have been canceled. tracee: since hurricane irma came through more than 12,500 flights have been canceled in the caribbean with nearly a thousand to or from florida. as for today nearly 2700 flights have been preemptively grounded and another 900 for tomorrow. not just airports in florida that are being impacted, georgia and south carolina. meanwhile as many rush to get out of florida before irma's arrival, airline did cap prices on tickets after customers complained that seats on the few flights were more expensive than usual. earlier last week some flights out of florida were priced at nearly a thousand dollars for one way, first class polices were nearly double that.
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lauren: it's illegal to price gouge after a state of emergency has been declared. that doesn't apply to airlines. tell us about gas buddy, the app helping people. tracee: free app, gasbuddy which is use today find gas stations with the cheapest gas was being used for different purpose as floridans were scrambling to fill up their tanks. the desperate drivers turned to gas buddy to locate stations that still had gas. last thursday the app was downloaded 350,000 times compare today usual 30,000, by friday gas buddy was the second most downloaded iphone app in the u.s. up from 57 place before the morning before. cheryl: i love the technology that's helping people. specially we are seeing this in this crisis. you also have social media that's helping people. tell us about that. >> social media not only letting friends know that you're okay
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when phone lines don't work but when hurricane harvey post on social media helped guide to life-threatening situations. we are seeing how social networks have become a digit deal lifeline. after hurricane irma rifts through florida, people all over the country are using social media for good, facebook twitter and instagram to offer shelter, transportation, water and even next door which is a social network for neighborhoods says activity in the affected areas in florida has spiked 100% and expect it will surpass the usage following hurricane harvey in texas. so they're using the apps to help people, to, you know, do good things. cheryl: they connected. i need help, come get me. lauren: we didn't have social media when katrina hit 12 years ago. tracee, thank you. lauren: latest on the storm track we have update on irma and josé from the national hurricane center. let's bring in senior meteorologist janice dean who is
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live in fox weather center. hey, janice. janice: both hurricanes are weakening. we have josé, the problem with josé is it's got nothing to steer the storm so it's getting closer to the u.s. obviously, we will monitor it, i cannot tell you if we have impacts from josé. what i can tell you is that irma is weakening, 75-miles-per-hour sustained winds, still a hurricane and 12 million people under hurricane warnings right now, close to 5 million people without power in florida and we are going to watch this continue to move over land so it doesn't have its source of the warm water, it's going to continue to weaken. i'm not saying we couldn't see the potential for hurricane forced winds, that's a probability, for the first time in history, atlanta georgia has got a tropical storm warning in effect. so tropical force conditions are in the cards for parts of the southeast, we still had the storm surge threat along the coast of the southeast coast as well with outer bands as well as
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tornado threat for parts of northeast florida into georgia and carolinas and the northeast quadrant where we see rotations and spin-offs of tornadoes. the wind gust impressive. naples extensive damage reported there with winds in excess of 140 miles per hour. marco island, 130 miles per hour gust of wind. here is the radar yow. can see where the strongest winds are, the core of those winds, gainesville, reports of daytona beach report, 60-miles-per-hour winds because the center of circulation is onshore, things are starting to improve. still under hurricane for 12 million people extending into georgia, tropical storm warnings as far north to georgia towards alabama, we could see 4 to 6-inches on top of over foot of rainfall when the storm made landfall earlier yesterday. back to you, ladies. lauren: janice dean, thank you. cheryl: all right, we've got a lot more coming up as we are
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tracking irma. the hurricane heading now as she just said up to georgia, potentially the carolinas, we will take a look at how the state of goirnl preparing for when i remember's arrival and take a look at u.s. stock market futures, pretty big open to go your markets on this monday, a lot of that less of the storm and more about the fact that north korea didn't launch anything over the weekend. dow up 121 in premarket, s&p nasdaq as well. you're watching fbn:am. >> i have lived here my entire life, i have been through all the storms, i stay around to help people button up that forgot their supplies and i'll be here to help them after
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that sounds awful but a lot better than last week ♪rock guitar music ♪we weren't born to follow lauren: welcome back, let's get you caught up on what else is happening right now in addition to hurricane irma. police officer and corrections officer killed on head-on crash, julian bridges and osman died in the collision. wall street journal say it is fbi and the u.s. attorney's office are investigating a defunct uber program known internally as hell, able to track drivers who work for rival service lyft. one of at least three federal investigations underway into uber's practices.
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and today it's september 11th, new york city will honor more than 3,000 victims on 16th anniversary of 9/11. the president will lead a moment of sigh lender at the lawn. cheryl: the other spot, of course, history after 9/11. well, we go from history to what's happening right now. you've got volunteers from the salvation army heading to florida to assist in the aftermath of hurricane irma but they're also leading up kitchens for food and water as the storm hits the georgia, atlanta janice dean was just telling us. joining us salvation army, bob parker. major, good morning. >> good morning. cheryl: is atlanta ready for this, it's heading right for you? >> absolutely.
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i think we are. there's been significant amount of preparation and planning put into this over the last week and salvation army and so many relief agencies are ready and prepare today really respond to whatever happens as it gets closer to home. cheryl: major, didn't a lot of floridans evacuate to atlanta because they expected the storm to hit the east coast or -- >> that's right, that's right. and certainly hotel rooms filled up quickly the end of last week and over the weekend and some -- some area shelters in the atlanta area but certainly across the state of georgia filled up pretty quickly and so really the disaster relief started early on just making sure we were doing our part to meet the needs of those evacuees and other georgians who just needed a place to fill safe. cheryl: you're watching over the folks of georgia and the folks of florida right now.
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let's talk about those shelters right now down in florida in particular and what kind of operations are underway for those people. i mean, at this point we are looking, you know, 30,000 people in shelters in miami alone and more than 100,000 people in shelters across the entire state. do you have enough resources, funding, personnel to help the folks in florida and prep for what's coming towards atlanta? >> well, you know, we just always trust and experience has always been that the communities, the public, everyone, america just comes through with the support needed to meet those needs and the salvation army and relief agencies will continue to meet the needs of those folks in those shelters until it's safe for them to get out and get back home so we will continue to do that and then just there are great number of our mobile
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feeding that are staged and ready to move into the affected areas as soon as it's safe to do so but really the salvation army and i'm sure relief agencies get out in front and you really have to get out there and provide the meals, provide the relief and support and you just really do count on those donations come in to help to offset the cost. cheryl: i was going to ask you, what do you need? with regard to harvey, it turned out to be clothing, diapers, you know, folks lost everything. what do you need? >> well, you know, really the very best way to contribute in times like this are through cash donations. what that does is help us to purchase the items that we know are needed on the spot and takes away the need for storing and boxing and storage and delivering, anyway, cash donation is the very best way to help but really any relief
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agency. cheryl: major bob parker of the salvation army, major, thank you very much. >> thank you. lauren: coming up, what lessons with florida learn from hurricane harvey and texas? we will talk with kristin on how they are coping and harvey and irma could cost almost $300 billion in damage, that's a lot of rebuilding, futures responding. dow futures surging this morning by over 120 points. we are watching fbn:am. >> what's your biggest concern of the storm? >> that i might not have a home when i get back, you know. it's overwhelming, very stressful. i'm really worried about that
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lauren: in just over two weeks time we saw two hurricanes, harvey and irma, what lessons with learn from hurricane harvey and the state of texas? kristin ta the -- tate has been helping with relief efforts in texas where she's from. >> good morning, all things considered, houston is doing really well. we have seen so much heart and spirit in the city, people helping their neighbors, people giving their time and resources to help complete strangers, it's really touching and it's given me faith in this country and in the city, so it's been really nice. lauren: are there any lesson that is you have seen from harvey that you think florida will need to know about, as many people wake up this morning and learn what the damage has caused even though the morning is still moving through the central part of the state? >> yeah, one big lesson and this
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may be a lesson for all of us is focus on what it really matters. during harvey, thousands of people suffering and yet the biggest stories in the media seemed to be about melania trump's stilletos. i'm so farseeing in the coverage of florida and irma. i would say that's the first lesson. the second lesson is to remember the importance of giving. you know, people and they're generosity not just in houston from around the country have helped houstonians go through the tough time. those are the two biggest lessons. lauren: what do people in houston still need? >> people are still picking up pieces of their lives. people have been rather optimistic but it's been a hard time. when you two or more hurricanes hitting the u.s. at the same
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time the cost of rebuilding resources, things like lumbar and fly -- plywood tend to go up in price. i think that's only going to get worse, we will have florida competing with the same resources. so texans are really having a hard time financially, they need as much help as they can get, supplies, resources, time, volunteers u but, you know, we are going to get through it, florida is going to get through it. this is what it is to be an american. lauren: what about clean water? >> so far so good. we have tap water that's drinkable. i'm surprised how houston has gotten back on its feet. lauren: we are happy to hear that kristin, thank you very much. >> thank you, cheryl, thank you, lauren. cheryl: port arthur, beaumont, texas still not have drinking
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water. rural areas still struggling after harvey. lauren: we will probably see resources shift from texas to florida as needed at some point. cheryl: yeah, well, obviously at the top of the hour, we did get the latest update. irma is still a cat 1, 70 miles per hour. up next we are talking to the mayor of hollywood, florida about current conditions on what's going to happen on the days ahead. look at your markets right now. big market opening to the upside. north korea didn't fire anything else as well as irma. you can see s&p high as well. you're watching farm. >> this one is pretty scary. we spent 3 days getting ready and we have all of our measures in place and now it's just sort of hope for the best.
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lauren: latest update from the national hurricane center, the eye of of the hurricane passing cedar key. knocked out power to about 4 million homes and businesses in the state, at least four deaths have been reported. this footage shows destruction in naples after irma rift through the cities last night. the streets flooded and many homes damaged. cheryl: take a look at the video. shows a roof being peeled off on a two-story building in miami. it happened yesterday and at least three construction cranes have collapsed in the miami area and miami-dade police are saying they've arrested about 30 people for burglarly and looting. yeah, forecasters saying the irma center is going to stay inland over florida before moving up into georgia, alabama and tennessee.
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the state is not expecting storm until the weekend. lauren: joining us on the phone is miguel, director of broward county, fort lauderdale, what was the impact of irma in your area, sir? >> well, we will get out in the roadways and see what type of damage irma caused in bear county. we will be do estimates on first responders who are out on the roadways checking out the danger areas and then reporting any damages back to our emergency operation center. lauren: people should not be doing this, we should leave this to you and professional crews. many people are waking up. 5:30 in the morning, what should they do?
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>> yeah, that's right. there's still some potential for dangerous situations on the roadways with power lines that may be down, flooded areas and other dangerous situations that may be out on the roadways. so we urge the public to wait until local governments can check the roadways out and make sure it's safe for people to be out. lauren: based on your early assessment, how are things looking on the ground in broward county? >> well, right now we didn't get the brunt of the storm surge, of course, so that really helped us out in terms of potential -- the potential for a lot more flooding and flooded areas along the coast ways, so we just really dodged a bullet in terms of irma, shifting to the west and so we are going to ensure
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the public safe, we did establish a curfew that -- mandatory curfew which is going to be lifted later this morning, but before that, we are urging the public that before they get on the roadways, we need to get out there and assess the damage and make sure it's safe for them to be traveling on the roadway. lauren: okay, miguel ascarrunz good luck to you as you begin to help people in the area. >> thank you. cheryl: right now we are getting predictions about damage from hurricanes harvey and from irma and these early predictions are telling us that it could cost the u.s. economy overall up to $290 billion, joining us to discuss the storm's economic impact is brian brendberg, chair and mitch roschelle, business development leader there. gentlemen, good morning.
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first, brian, let's start with when i -- when i when i irma's winds, g to be heavily affected. can the industry handle it? >> they can. one of the pieces of good news is that the insurance industry is well capitalized right now. they are going to hit to earnings, no question about that. that's going to reflect in markets but well capitalized to deal with this. that's great news, they'll be able to bounce back quickly, they will be able to pay claims. in terms of how the industry is doing, this is a pretty good time for a disaster like this to hit from the standpoint of being able to absorb it, i think you will see reinsurers bounce back. you will see the stocks up a little bit because the storm looks like it's a little bit less troublesome than we thought and they would be able to handle it well. cheryl: you the report from goldman sachs that harvey, just
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harvey shaved a full percentage point of gdp in the third quarter, you the secondary story which is the rebuilding, whether it's texas or florida, that is a boost to the economy, no? >> that, cheryl, i think could be a boost into the economy and that's why markets are up this morning. maybe the fact that we will breakthrough the lock jam and spending on rebuilding gulf area and state of florida, it could be very positive to gdp. cheryl: it's interesting, brian, too, if you look at what's happening with the markets today, as you mentioned we are seeing insurance companies, particularly the reinsurers, that's going to be who we are going to be watching. after all, we don't know what florida is going to look like, basically an hour and 20 minutes before the sun comes up. how quickly can we readjust economic projections based on what we see today? >> it's going to take some time.
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this was the case in texas as well, you have a lot of homes in areas who do not have flood insurance, it's very unclear what kind of coverages they have. it's going to take a while to sort this out. one of the problems on the ground at a very individual level people are going to be sorting through how do i recover this for days, weeks, months to come and so i do think the impact of the hurricaneslingers and we are going to have the wait over time. now, mitch is right, over time this does end upcoming back as we rebuild, that helps gdp. you see the bounceback over time but in the near term, even over the next several weeks and months because we are not clear what the damage is, who is covered, how they are covered, it's going to take a while to sort through this. cheryl: mitch, let's talk about the real estate of florida, obviously the rebuilding, what kind of time frame are we looking at cincinnati we have never seen a storm like irma before in recent memory? what does this mean and how can the industry react? >> it could take a long as a decade which may sound provocative, if you look at the
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florida keys which i go to a lot add avid fisherman ui look at areas that haven't been built from hurricane andrew. the volume of people who don't have adequate insurance is what stalls the rebuilding effort. the biggest challenges in texas and florida, there's a shortage of construction workers. so the rebuilding effort is going to take a while if we don't find qualified people to build. there's a lot of do it yourself and i think you will see the home improvement industry, home improvement retail bounce back really hard, positively because a lot of people are going to do it themselves but those who can't are going to be a little in a bad way if they can't find people to do it for them. cheryl: that's interesting what he's saying, brian, not only do you have short fall of labor and i'm going to add texas to this as well, not just florida but also insurance issue.
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maybe 50% of floridans don't have any type of flood insurance. we were trying to get the data. it's rough to see right now. >> it is. this is really the x factor. over the past ten years, we have seen sort of a lull in some of the storms specially in the south, that caused a lot of people to move away from flood insurance, they rolled the dice a little bit there, now we have the situation where the big storms hit, they are not covered and so the individual reaction here is going to be a big deal, as mitch said, you can talk about years of evenings as a result of that, later on top shortage of construction labor, starts to go up to rebuild, expect these costs to linger longer than we are seeing. both of these areas are positioned well to bounce back economyically, they are strong but lingering effects when people aren't insured and not covered. it's a big deal. cheryl: mitch, you to acknowledge here that real estate investors are looking at florida this morning, they're thinking about it. >> no question about it. they always do. and capital is something that
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can fix a lot of problems and there is a lot of capital on the sidelines and florida has been that place that people have gone to in good times and bad. so i'm sure all of my friends in real estate are taking a look at what they can do in florida. cheryl: i'm sure they are. [laughter] cheryl: i have to throw that out, we are a business network. mitch, brian, thank you very much, appreciate it. lauren: coming up hurricane irma now 60 miles north of tampa, naples to its south is one of the hardest-hit cities. live on the ground coming uptaking a look at stock index futures, turning out to be a spectacular monday on wall street. dow futures up 118 points, s&p up 13, nasdaq up 44 this morning. you're watching fbn:am. >> nobody is out of the woods yet, the size of this hurricane is incredible. it's almost three times the size of andrew and i went through andrew and we don't wanting to through that again
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cheryl: welcome back, we will have more on hurricane irma in just a moment. méxico is recovering from an earthquake and a hurricane. at least 90 people were killed in the quack which struck thursday out of the pacific coast of southern méxico. security forces stepped up security efforts yesterday but after the quake, hurricane katia
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hit veracruz state. that killed two people. police say eight people including the suspects were shot to death in home in plano, texas last night. the gunmen opened fire inside the party as they were all watching the cowboys-giants game, seven people killed, two wounded at that party. the suspect was killed by police. he has not been identified yet. equifax is trying to deal with massive data breach. customers are angry, they say they are having problems with the website set up to help them. the breach involves as many 143 million americans lauren. half of america, we should say and again markets really looking good today. lauren: yeah, we will continue to watch things like the yield on the ten-year because if we had another negative news event we should see yields down below 2%. we are watching. back to irma for a second.
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let's go to griff jenkins live in naples, florida, a city that irma hit pretty hard yesterday afternoon as category 2 storm. we know now we are dealing with category 1 but nonetheless naples got hit really hard, griff, good see you. >> good morning, it is good to see you. it got devastating here. a wind event, we will have to assess the storm surge, here is the trees, palm trees, power lines making roads treacherous. 90% of collier county in naples area without power. it's pitch black, the roads are impassable. they have issued a boil warning, boil water issue, it's a treacherous situation and that's why officials here are saying that you should if you're waking up and seeing this for the first time should you be in the 10% that has power, officials say stay in your house because it's dangerous out here. we haven't seen a single emergency crew out here and only one car in three hours we have been out and you can see tinny
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part of the trees and the mess out here. we talked to one witness who road the storm out near us, young man, senior in college and he was riding it out to protect his parents and he had quite a tough time and experience, take a listen to what he had to say. >> there was a solid probably 15 minutes where it was beating on the window where me and my dad were standing there and the only we stopped is because it got to the point we thought we were going the leave the room and hope nothing happens. >> collier county is under curfew until 6:00 a.m., it's rained on and off. the winds blowing 15, maybe 20 miles an hour here and it is going to be interesting to see once we get a little bit of light on the day what kind of assessment we get. the wind damage is very clear, whether there's storm surge as well, but waters are rising as a result of the rainfall, that's
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already a problem we know about. high tide at 7:30, we will see with the morning brings. lauren: griff, was the infrastructure of naples able to handle all of this water? >> well, that's a good question. having just come from houston, spending 11 days with hurricane harvey, that infrastructure couldn't absolutely handle that amount. this is not that amount of water but while we haven't seen in our immediate 5 to 10-mile raid -- radius, other parts where the infrastructure may have faired worst in the flood waters that continue to rise as a result of the rainfall that they took here. >> the sun coming up an hour and a half from now and interesting to see what the city of naples look like. really bad hit there. lauren: thank you very much, griff. cheryl: whether it's miami or it's naples, this is the morning to really take a look at what this place looks like.
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we've got a lot more coming up. hurricane irma taking a toll on the world of sports. we will take a look at impact and how teams have been responding. take a look markets, lauren calls it spectacular, it is if you think about it despite what we are seeing in the state of florida this morning. you're watching fbn:am. >> we had the whole house, all the screens put on and there's no indication that we will have a house when we get back either for the future. who's he? he's the green money you can spend now. what's up? gonna pay some bills, maybe buy a new tennis racket. he's got a killer backhand. when it's time to get organized for retirement, it's time to get voya. you'dreamt about it, it, maybe you should just go ahead and do it.
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first sunday for 2017. lauren: jared max is here with the highlights. jared: it's been a long weekend and taking football was split between watching the other stuff. lauren: right. jared: not only with dolphins-buccaneer postponed, many couldn't watch the nfl games because they lost power. in cleveland no players kneeled during national anthem, first responders joined the browns running on to the field at the start of the game. several cleveland players locked arms with police officers and emt's, yesterday in unity with police during the anthem. cleveland lost by a field goal to pittsburgh steeler. j.j. watt given a hero's welcome in houston yesterday. check this out. texans kick off season, watts
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foundation raised $30 million. watt suffered an injury, told reporters, my fingers busted through my skin and i just taped it off. sunday night football dallas cowboys elliot in the line-up thanks to legal ruling friday, six-game suspension on pause maybe for the entire season. unlike last season opener the giants did not beat the cowboys. dallas dumped new york. jason wit ten -- witten with the touchdown. rafael nadal, you are 16 going on 17, lesser opponents will fall in line. nadal won 16th grand slam single yesterday breezed kevin anderson in straight sets, nadal number one in the world, third u.s. open title. new york yankees rooky judge hit
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two home runs yesterday. the only players to wear yankee pinch stripes to hit 40 home run s. it's described as membrane damage but no damage to the roof itself. cheryl: the other sports stadium down in the miami area are okay? jared: nothing bad about where the dolphins play and also the marlins park which also opened up the roof but the sustained winds were only so strong so we don't know. i was watching videos that friends were sending me from south beach, looked like minor stuff in south beach. the inland that caused flooding into downtown miami. so, you know, i think the assessment only begins, the images are scary.
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boosting markets and in particular the dollar. john from the wall street journal joins us, john, good morning. >> good morning. cheryl: looks pretty good today over in europe. >> yes, we are seeing the rebound from these earlier fears about north korean wars and the destruction that hurricanes might have on the u.s. economy which investors were thinking that might lead the federal reserve to let sort of monetary policy loose longer. all of the factors today are seeing pullback, we are seeing the opposite. we are seeing global stocks up, almost 1% in europe, futures for the dow jones and the s&p 500 also up and at the same time heavens like gold, japanese yen, the swiss frank or u.s. treasuries are sort of going down today, so we are seeing see bit of the opposite trait we have seen in the last week or so. lauren: it's interesting how it always comes back to the fed,
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sometimes means they will keep interest rates lower for quite sometime. we are also talking about the weakening of the u.s. dollar versus the euro, how is that looking this morning? >> all the trades have reversed. this year we have seen the dollar go down 12% against the euro. today we see the opposite. the dollar regain a little bit of brown and as you were saying, it's all about the fed, central banks, the impact, potential impact that these currencies might have on inflation on both sides of the atlantic and how this sort of might impact what central banks do, a strong euro means that imported goods are cheaper, so the ecb might sort of hold onto, you know, tightening policy if it keeps going like this. cheryl: john, thank you so much, wall street journal. we are following everything with irma and in particular the markets, again, triple-digit
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move on the dow in the futures. lauren: after relatively muted session on friday, thank you for joining us for two hours here as we are covering all the major news events this morning. cheryl: let's send it over to dagen mcdowell, she's in for maria bartiromo. dagen: good morning, ladies, it's monday september 11th, your stop stories at 6:00 a.m. eastern. the threat from hurricane irma not over yet. overnight the storm battering florida with heavy rain, high wind and flooding from the storm surge even as irma weakened. hurricane irma has the sunshine state going dark. more than 4 million people without power. a majority of that state in the dark. utility officials say it could be weeks before electricity is restored. plus cities on lockdown over looting fears, but the miami police department out in full force and has a warning for those taking advantage of the
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