tv Cavuto Coast to Coast FOX Business September 28, 2022 12:00pm-1:00pm EDT
12:00 pm
the correct answer, thank you very much indeed, ladies and gentlemen, hold your applause, 1850. california was the 31st stated a mitted to the union. quick check of the market, the rally, if you call it that is still in place. not bad. i see green. i will call it a rally. whether it lasts i have no idea. you have still another four hours of trading is left. time's up for me. neil, it is yours. neil: stuart, thank you very much. we're following the hurricane and buying storm on wall street a lot to cover. the bottom line the storm they're worried about, the whole nation is getting concerned about it, leading potential economic disruptions that could go way beyond the sunshine state. your kin ian category 4 storm, couple miles an hour and it reaches category 5. nine storms have reached that and four made landfall in the
12:01 pm
united states. three of them include michael which hammered the panhandle 2018. andrew in 92. an unnamed store in 1935. of course camille in 19169. those are the big ones of note. three of those fiverrs came in florida. you can understand their anxiety. we have you covered with robert ray in fort myers, florida, ashley webster in st. petersburg, florida. steve bender, fox meteorologist. begin with robert what we're looking at in fort myers. robert? reporter: neil, yes, conditions deteriorating in a major way here in downtown fort myers. i'm sitting on a harbor here. you can see, neil, in the distance the winds just rocking those boats back and forth, the
12:02 pm
palm trees just getting kicked around. look at this, there are palms all over fort myers everywhere. this is what you see up and down these roads. look in the distance there, look at the fire high tant, blown up, popped up, blowing water out with the rain and wins trees in the distance. tarp is coming off of that boat. it's a situation of unraveling here in downtown as ian is coming ashore here today. now, neil, i started the day off out on fort myers beach about 12 miles from here on the gull of mexico. the storm surge began to come in three hours ago. we had to evacuate, go over that bridge, get to here as these winds continue to pick up right now. it is amazing to see. look in the background. the power of this. i've got a helmet on because there is debris flying everywhere here, neil.
12:03 pm
we've seen garbage cans fly, parts of trees, you name it, it is coming, literally coconuts from palm trees as well. there is nothing safe out here. i hope people are hunkered down right now as electricity is beginning to go out in the region. there are thousands of utility workers to the north waiting to come down but when this passes, and they can start to restore but we are really just beginning here, this afternoon. we've got to see that landfall as it is really coming in right now, neil. it is tough to even speak and i'm sorry. as we take the wrath of ian coming into fort myers and you can hear the sounds in the distance, pops, snaps, need to be careful. things are getting dangerous here. we're watching this, don't come out. stay inside. neil, back to you. neil: robert, please be safe, my friend. excellent reporting through all of this.
12:04 pm
not easy to do. ashley webster knows that. he is in st. petersburg, florida. when his reports first started everything looked fine. not that way right now. ashley, what is the latest? reporter: not all, neil, funny we're listening to robert, he is 85 to 100 miles south from me getting hurricane force winds clearly coming in. gives you a sense of the size of this storm. we have big bands of heavy rainshowers and heavy gusty winds moving through. the winds are starting to ramp up. we could hit gusts of 80 miles an hour later today. tremendous rain totals, eight to 14 inches. it has been raining heavily now for hours. this will continue through the night early tomorrow. perhaps the biggest threat is the water on the ground, the flooding, perhaps a surge in the bay here. right now the bay behind me, i'm looking south towards tampa bay and the water has been pushed out into the ocean but
12:05 pm
authorities say don't be deceived. it will turn later today. high tide with all the water rushing back in. that could lead to flooding problems. the power outages 200,000 and counting. earlier today governor ron desantis said this is just the beginning when it comes to power outages, take a listen. >> starting to see power outages across the state but you will see way, way more over the next 48 hours. you will have millions of people without power in this state. reporter: it is pretty interesting, neil. i can actually push you. we're seeing people come out here, take some pictures. there is a guy, i don't know if you can see him behind me there, mike. just came out of his car, walked down there to take a look at the low tide in the bay but the police come through here about every 30 minutes and they clear everybody out. they tell them, this is an evacuation zone. you need to go home.
12:06 pm
you know what when things like this happen, people have to come out to take pictures. reporters come out to stand in it. back to you. neil: ashley, great reporting, my friend. as i was saying please, watch yourself, be safe. ashley webster in the middle of that. go to steve bender, fox weather meteorologist. the latest we're getting clear landfall occurring sometime around 2:00 p.m., around the fort myers area. what can you tell us? reporter: exactly, neils we're looking at high wall starting to move over sanibel island, captiva island, the worst of the storm impacting barrier islands. notice how the impact is, newest advisory holding steady at 155 mile-an-hour winds, wind gusts 185 at sometime. those are sustained winds. look how healthy the storm is, look at eye core, plenty of electricity wrapping around this. at a portion this eyewall is clearing. that is another sign of
12:07 pm
strengthening mechanism, the worst of this getting pumped in as you see the northeast quadrant. when you see the storms set up you talk about the northeast quadrant as dirty side, strongest wind, heaviest rain, that storm surge. a category 4 storm before it moves inland early this afternoon. that will impact, looking towards orlando, daytona and then swanking up north. in the cone we have 25 million people impacted by that. the greatest concern still ahead is that storm surge. we have historic storm surge right now, in naples. they're closing five feet of water over land. just north of there, bonita springs, pun at that goard ga, caloosahatchee river in fort myers downtown, 18 feet of storm surge pushing in. as i'm talking they're at low tide. high tide could exacerbate this afternoon, evening when it comes
12:08 pm
in. you notice wind bars continue to push this onshore. this will not let off coming from hours. as we look at the hurricane warning it noticed it stretches through the heart of the state, moves over daytona, out towards the space coast. so the worst of it starting to push in. you saw that with robert ray and ashley. really hours to come, people need to hunker down, seek shelter. this is a volatile system that is only gained energy and rapid intensification through the morning time. neil. neil: steve, thinking of staggering numbers you mentioned, 18-foot storm surge in some areas. something three times the height of me, water flowing in perhaps hundreds of feet? >> that is the problem, neil. we told evacuations, 2.5 million people you should say evacuated ahead of this storm. but a lot of this water is moving past the coastline and going miles and miles inland. fort myers downtown is one of
12:09 pm
those spots because of the caloosahatchee river, two story hopes vulnerable to 18 feet of storm surge. that is the problem ahead. then you think about how much rain will be coming down with this. we'll show you the rain gauge along the i-4 corridor. they could be seeing up to two feet of rain, triggering flash flooding as far east as daytona, neil. neil: think of all the one story homes in that area. 18 feet is taller than those homes. we'll watch it closely, steve bender, fox weather meteorologist. so lucky to have these guys. best in the business monitoring all of this. fortunate to have my next guest in the middle of all craziness going on around him. john gunter is the mayor of cape coral, florida. mayor very good to have you. i'm looking at your area. you are a bull's-eye whether you like it or not. you're preparing your folks for that, pine island, fort myers, on and on, this is where the surge will be significant. how is it looking there now?
12:10 pm
>> yeah. the, you know, it is deteriorating by the minute. we are prepared for a direct hit appears by the eyewall. so we know that this is going to be a catastrophic storm. we've been preparing for this event for the last two days, but, right now, as the time where, in the next 30 minutes we're expecting the eyewall to start making land in our city, so we're very concerned. we've asked our residents, it is now time to shelter in place. go to an interior room. be prepared, we know the next six to eight hours will be extremely critical, and as you mentioned. one of our biggest fears is 10 to 18-foot of storm surge which we know could be catastrophic for our city. we have over 200 miles of saltwater canals. so we're very, very concerned with this storm.
12:11 pm
our public safety has been suspended because it is just too dangerous for them to be out there as well. so we are just waiting for the next six to eight hours and before we can get some assessment teams out into the city, to see exactly what the needs are. neil: you know, you were ahead of this days trying to warn folks in our community. better part of valor to get out, evacuate. not everyone did i'm told. can you give me an update on that, mayor? >> yeah, i can tell you that we have the availability of space of about 40,000 people. i can tell you, in our shelters, right now we only have about 4,000 residents that took heed to our warning. so that is very concerning for us. we're hoping they went elsewhere but with such a low number in our shelters, and, such a catastrophic storm, we are just
12:12 pm
hoping for the best. neil: you can't reach those people if you need to until after this is over. they are certainly in harm's way to put it mildly? >> yes. for sure they will be, because, we won't reactivate our public safety, our police and fire until the winds subside down to under 45 mile-an-hour. that is when we will send out our assessment. when we send our assessment teams. neil: your audio is breaking up. we appreciate you sharing that with us. ones who did not evacuate, apparently a significant number, batten down the proverbial hatches. thank you for the personal sacrifice on your part. john gunther, cape coral, florida. some of the most beautiful beaches in the area, bradenton, venice, anna maria island.
12:13 pm
these routinely make some of the top 20 beaches in the world. they're all in this neck of the wood. of course cape coral along with pine island and fort myers itself, the target, ground zero if you will for all of this. as this has been building, people have been losing power, even without the storm formally hitting the area here. of course we have got the eyewall of the hurricane coming onshore. that was about 40 minutes ago but the kablooy, if you will just about an hour 45 minutes away. they're following this very closely, particularly my next guest. melissa sacey, i'm hoping that, duke energy florida state president. i'm told a lot of folks already without power. but you're making preparations dealing with what you can. what can you tell us? >> yes, good afternoon. thank you for having me. we have been preparing over the last several days and as of
12:14 pm
today noon, we had about 10,000 customers that had been without power and we've restored almost 16,000. so we're absolute beginning to see impacts of weather. the bands were a couple hours north in the st. petersburg area where i am right now, north of where landfall eye is supposed to make. because the storm is so wide our system will see the impacts from wind, flooding, rain, especially as it exits the state across central florida. neil: what makes this storm unique, you know this far better than i, melissa, doesn't matter where your power cables are under or over land, even if they're under land, the fact of matter, looking eight to 18-foot wave surges or surges period. everything will get flooded out. that means a lot of those
12:15 pm
cables, right? >> we are concerned always about all of our facilities from power plants to the wires and poles that serve our neighborhoods. so we are very transparent and forthright communicating with our customers about expecting outages, whether they have overhead facilities or underground facilities but we're prepared. we have nearly 10,000 resources already staged here in the state of florida an impressive sight, doing that allows us to respond quickly. we feel like we are very well-prepared to move those resources immediately when it is safe for us to begin our damage assessment. to begin restoring power as soon as possible. what we're really focused on emphasizing to our customers they need to be prepared to heed warnings from their emergency management agencies. we work very closely with our
12:16 pm
state emergency operations right down to our municipal eocs as well. so, and we train 365 days a year for just these types of events. neil: i was wondering about you training people for these events even for floridians it has been what, 2018, last big storm there, michael. 160 mile-an-hour winds. category 5 and then some. it has been a while. a lot of people who moved into the state have never experienced something like this. how do you deal with that? >> really working with our emergency management officials and agencies. really helps us to kind of convey that word out to floridians whether they have been here for decades or whether they are new. we also communicate directly to our customers through various channels, social media, email, throughout the year, in
12:17 pm
preparation, especially in the springtime leading up to the beginning of storm season. we really double down making sure they are prepared, what to expect from us. we're very forthright about interruptions occurring. try to explain to them, kind of our process so that they understand, they may not see a truck in their neighborhood but it doesn't mean we're not out there. and so by communicating thoroughly, transparently, consistently it helps us prepare our customers, but we ask them to do the very same. neil: good advice, all. melissa, thank you very, very much. duke energy florida state president. we've been showing you a quarter of a million floridians without power right now. you heard from governor ron desantis it is inevitable millions by the time it is over will be without power. potentially up to half the state. that is 22 million residents. i believe florida is the third
12:18 pm
most populated state in the country after california and texas. this is a wide swath of people who could be affected to put it mildly. the other feature we're watching very quickly with ian is that it's a wide storm, slow moving storm. whether it gets up to category 5 or not it's a very strong category 4. another couple miles we're looking at a category 5 storm but to put it in comparison here here charlie in 2004 was a category 4 storm. to put it into perspective, ian, sheer mass and size is three times larger than that and moving at about a quarter of the speed. so you have a massive storm inching up the coast and will stick around a while. that's what makes it so problematic. and dangerous. stay with us. ♪.
12:19 pm
(vo) the fully electric audi e-tron family is here. with models that fit any lifestyle. and innovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you. (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to
12:20 pm
12:21 pm
12:22 pm
if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. ♪. neil: all right, we are following a lot of developments in the market right now. the stock market racing ahead. was not supposed to be this way early this morning. when we noticed the 10-year was topping 4% for the first time in
12:23 pm
more than a decade. then we got word out of england right now the bank of england was trying to stablize the plunging currency, the pound, by buying up a lot of british related bonds, notes, that sort of thing. that helped top and rates go back down certainly in britain and in this country for example, that 10-year was completely reversed and we see it down 18, 19 basis points which is the biggest single day or trading day drop in yields we've seen in the better part of, what, almost two years. so we're keeping an eye, 2 1/2 years i should say. so we're watching that. you don't routinely see these developments. very, very quickly we want to focus how a lot of stocks having to do anything hurricane, hurricane related, building or doing, right now as you can imagine they're doing quite well, thank you. again anyone into roofing, building, getting supplies, wood, lumber, whether home depot, owens-corning a host of others, you're doing quite
12:24 pm
well. this typically happens in the middle of a storm or anticipating the rebuilding after said storm. all of these developments happening fast fast furious, 90 minutes away from ian hitting land, the full eye of the hurricane which could be substantial maybe as it does so as a category 5 storm. connell mcshane is following all the developments particularly on the market front. reporter: it makes sense, neil, going through the hurricane related stocks and calming of the bond market the big story. after all the selling we're just due, we're due for this relief rally. it is interesting happening with investors having to fight through tough news from the likes of apple after all is the most valuable publicly-traded company out there and apple is having a rough day even though off its lows a bit. bloomberg informed suppliers it
12:25 pm
will drop plans to increase production for the new iphone because it is having demand issues. the stock is down 3%. you think it might drag down the rest of the market. companies that supply parts or contract manufacturers getting hit today. they have, it is worth pointing out even ones on the screen come off their lows. tech is really the only group of the major groups struggling at all. it has come off of its earlier lows. the rest of the market, look at just the dow, done intraday, industrials, energy, you kind of alluded to, consumer cyclicals, everything is doing well. we've been pretty much straight up after that little bit of back and forth at the open. trying to snap a six session losing streak. that is the bounce back part of it, the dow, s&p, finished lows not seen since november of 2020. go back to the headline, that is the big thing, the 10-year treasury yield above 4%. this is a huge move back off of that. i have mean the move above four was the first time in 12 years we've seen that, to go all the
12:26 pm
way back down to 3774, where are now. that obviously helps stocks. that comes from overseas, the bank of england, this intervention was a big deal, way they phrased it buying government bonds this is their terms, whatever scale is necessary to restore order in the market. that is telling you something. today at least it does the trick for the time-being, neil, it shows you some level of nervousness there from bank of england officials how quickly things unraveled if they didn't do this in their view but they did it. neil: makes you wonder would we do the same in a similar situation. of course we don't have to worry about another currency for the time-being but you always wonder. people seize that as a sign if everything hit the fan at once, constructive development would be, you know the central banks would not let that happen. but we'll see. connell, thank you very much, my friend. reporter: sure. neil: get the reading from ray wang and michelle schneider
12:27 pm
constellation research ceo, in case of way, market gauge research managing director. michelle, it is interesting what the bank was doing there in england, it was trying to shore up support and at least show it was willing to intervene to stop a freefall and it worked but you know, in retrospect here not to the degree that maybe it had hoped enough to give our market a boost. what did you think of that? >> well i definitely think that there's a double-edged sword to that. on one level, we got temporary relief. we saw yields come down, the dollar dropping a bit but on the other level i think it is really kind of concerning because we're still real, really very precarious when it comes to inflation. there is nothing going on out there that will help the situation including this storm because the food supply is very low. food prices are still very high. which means the fed really still stuck. if there is any kind of a doubt
12:28 pm
that the central banks really have this under control like we saw actually with england, then this could really turn out to be a disasterous situation for the market, but really, really bullish for the commodities market. this is what we've been thinking all along. neil: think about it, ray, when it comes to a inflation fight, last thing you want a central bank do, buy up treasury securities or in this case british notes and bonds because that would artificially sort of calm, at least, you know the threat of things free-falling, in so doing, you're making the fight on inflation more difficult. i cannot imagine as we're unwinding all of that debt in the united states and the federal reserve is tapering through that, that it would do a 180, even in this environment, maybe because of this environment. what do you think? >> yeah. that is a big point right as qt kicks in the dollar will get
12:29 pm
stronger and stronger. you saw china the yuan is 7.2 to the dollar and they also put in some controls. so the strong dollar is double-edged sword. that means we purchase imports from other countries very cheaply but our exports will take a hit anding of direct foreign investment in other countries is going to go down. over all none of this is really addressing inflation. those are policy issues that have to address. it comes down to energy prices, trying to get multiple sources of energy sable to everybody. tamper down wage inflation where we can. we'll see that through different strikes, different labor unrest. that will be a very precarious situation over the next 6 to 12 months. neil: i get the feeling michelle, you're closer to this than i ever will be the federal reserve is intent on bashing inflation, whatever harm it might cause to the economy, slow down, even recession. that is why we see the 3/4 pointpoint hikes one after another. they're factoring in a fourth next month that will be the
12:30 pm
drill. that reality, you know, today we might be seeing a bounce on that. it hasn't changed that reality, has it? >> not at all. and in fact what is so interesting what we're also seeing is that you can raise the rates as they're tag, and you can destroy demand in many areas like we're seeing in housing and cars and some things really not necessarily essential. but you cannot really change the narrative in terms of those shortage of raw materials. soon as that demand spikes you see what happens. things go out of control, like the storm which you mentioned at top of show, before we came on about all these companies that actually gives supplies. they need raw materials. so that is going to help the commodities so essentially really what is going to happen here, right now the fed is totally focused on the fact that our economic stats haven't been that bad. so they're still saying inflation, inflation, inflation. the question will be what comes first. are they driving us into deep
12:31 pm
recession and have to ease up and commodities go out of control again, or, do they kind of like continue to raise the rates but yet what we're still seeing like fights over sugar in tunisia, social unrest over food all over the world, no matter what they do, now they're really in a stagflation environment that will be hard to get out of. neil: final word on that. apple stock down 3%. now it is saying those sales might not be so robust after any all. more fam after this. some like a little comfort, to balance out the risk. others want immediate gratification... and long-term gratification,too. they have their own interests, but at the end of the day there's nothing like being... a gold-owner. visit invest.gold to see why gold is everyone's asset.
12:32 pm
12:33 pm
12:35 pm
neil: to keep you up to date what is happening in the oil and energy market reaction to what is going on right now. a lot of it has to do we sunk so far and so fast a bit of a comeback in oil prices is probably in order here. the storm probably has little to do with it even though it is disruptive. this is not an intense oil rig area along this portion of it or the florida side in the gulf, more towards the texas side of the gulf. so that is the impact but what
12:36 pm
we do know about hurricane ian right now the eyewall started moving ashore on the florida gulf coast. it is expected to hit land probably around the cape coral, florida, area, a little south of fort myers on the western side of the state, gulf coast side of the state, around 2:00 p.m. eastern time. it will be packing winds, around 155 miles an hour. now if they get up to the two mile-per-hour faster than that, we are at a category 5, a rare event in american history. only four such storms in this country, in the history of recorded storms. three of them, three of them have been in florida. already they're activating anyone and everyone who can be on top of this, to help people through this. edward lawrence with what the white house already committed to do, edward? reporter: neil, the white house is staging gasoline, talk about crude oil prices coming into this, gasoline around that area in case there is any disruption in the gas going to florida.
12:37 pm
they would come in from the miami area as well from the south. look at gasoline just a second. strategic petroleum reserve has 500 million, less than 500 million barrels in it. if all the oil stopped flowing into the u.s., not saying it would happen, the reserve would supply enough oil for about 30 days. i asked the fema administrator if the reserve could handle the aftermath of this storm. listen. >> i don't have any concerns at this point we'll have the ability to handle the fuel needs we will need in florida. we will continue to lass assess after the storm passes. we'll see what impacts are. we'll put into any gaps. reporter: the season, you think you're covered? >> it all depends on what the impact of this storm might brink. we need to do those assessments after the storm passes. reporter: we heard the u.s. gas stoke piles reached lowest level since 2021. hurricane ian coming onshore, the president offered this warning -- president biden: 2% of the united states daily production
12:38 pm
impacted for a very short period of time. this small, temporary storm impact on all production provides no excuse, no excuse for price increases at the pump. reporter: senator john thune says on gas prices we shouldn't be here any way. >> the heavy hand of government that has been imposed by this administration, that needs to be replaced with lighter touch. let's get incentives out there for investment to increase supply in our economy and hopefully that will start to equalize with demand. we can see inflation start to moderate. as of right now, yeah, it is a five-alarm crisis. reporter: so the aftermath of this storm will be very telling as to what has to happen if anything for the national strategic petroleum reserve. back to you, neil. neil: edward lawrence at the white house. thank you, edward. want to go to daniel turner, power of the future ceo. daniel i want to talk to you everything that it is doing to protect the oil and gas
12:39 pm
infrastructure in response to acts of sabotage. i would be remiss not to pick your fine brain, tapping the reserve or filling it up again, it is getting pretty low by historical standards. what do you think should be done? >> should have never gotten to this point to begin with, right? it is a strategic reserve. the biden administration used it as a head against their terrible oil and gas policies. that is not what the purpose is. we're at a critical moment. let's hope the storm has no impact on oil, gas refining capabilities, what if it did? what other black swan events we don't know about? using strategic reserves for these purposes, political purposes is foolish and hope it doesn't come back to bite us as a nation. it is tragic, neil, we're playing games, politicizing an industry, we've been doing it for two solid years. the ones suffering are the american people. neil: you know what is interesting, daniel, out of blue president threw it out there we
12:40 pm
hope gas companies don't gouge people, i'm paraphrasing here but they better not be taking advantage of this crisis to do that as if. in other words they put it out there prices inevitably rise a little bit during a storm but more to the point they have been rising long before this storm. are they throwing out the possibility, or having americans think, oh, it has nothing to do with the administration or its energy policies and everything to do with those greedy oil guys? i don't know if that is a wise thing to be passing along. >> no it is not. they tried this before and it hasn't worked but they keep going back to it unfortunately and it is really frustrating and very insulting to keep getting accused of this price gouging like there is secret conference call in the morning where we all set prices and it is very frustrating. neil, i would like to ask something to the president about this terrible storm, fema stockpiling oil preparing, what would happen in the perfect biden world he wants where we're 100% renewable, what happens to
12:41 pm
all the wind power and solar farms when category 5 hurricane hits? you know what can sustain a category 5? coal plant, nuclear plant, natural gas plant. electricity will come back on florida fast. but what will happen when thousands of acres of wind and solar? that is the cost of going green. this is the perfect time for administration to answer those questions if we go green what are the fallouts? that is real fallout. they do not stand up to storms. neil: i didn't understand that, elaborate wind towers, they don't stand up. i wish i had more time. i lied to you i thought we would get into the europe thing i was so interested on your thoughts and get back to the sabotage issue. >> absolutely. neil: daniel, you make us think about that i never thought about what happens if those things are destroyed in a hurricane pretty easy to do? we have a lot more coming up including the latest on the hurricane, now about an hour 1/2 from hitting land or we are
12:42 pm
told, very soon. then what? as a category 4, category 5? it's a moot point when you're talking the storm surges of at least 18 feet. stay with us. ♪. some days, it felt like asthma was holding me back. but asthma has taken enough. so i go triple... with trelegy. with 3 medicines in 1 inhaler,... it's the only once-daily treatment for adults that takes triple action against asthma symptoms. trelegy helps make breathing easier,... improves lung function,... and lasts for 24 hours. go triple... go trelegy. because asthma has taken enough. trelegy won't replace a rescue inhaler... for sudden breathing problems. trelegy contains a medicine that increases risk of hospitalizations and death from asthma problems when used alone. when this medicine is used with an inhaled corticosteroid,... like in trelegy,...
12:43 pm
there is not a significant increased risk of these events. do not take trelegy more than prescribed. trelegy may increase risk of thrush and infections. get emergency care for serious allergic reactions. see your doctor if your asthma does not improve or gets worse. don't let asthma take another breath. go triple. go trelegy. ask your doctor about trelegy today. ♪ ♪ ♪ ♪ ♪ ♪
12:46 pm
hi, i'm angela. i've lost 58 pounds with golo and i've kept it off. i suffer from autoimmune hypothyroid and i always thought it would be so difficult to lose weight, but with golo, it simply wasn't. ♪. >> this is going to be one ever hose historic storms. >> anywhere on the west coast of florida, southwest florida, you are in danger. it will be bad. president biden: danger is real. >> this is devastating storm. this will be a storm we talk about for many years to come. neil: indeed. very close to being a category 5 storm, as if category 4 winds of 155 miles per hour were not bad enough but closing in on the gulf side, southern gulf side of the florida coast. expected to hit land in next hour or so.
12:47 pm
we'll keep a very close eye on it for you, because the fact of the matter is the eyewall of the hurricane has already hit outer southern most portions of florida. let's get latest right now from phil keating who is in tampa. that also has a big ol' bullseye on it. what is the latest there, phil? reporter: absolutely. the well the bands, outer bands from hurricane ian have been arriving over the past several hours. they come in waves. you get a lot of wind, a lot of rain, steady rain. it kind of gets like this right now where it is not too bad. but, give us some time here, maybe 20 minutes, 30 minutes, and it is going to ramp up yet again. for the tampa bay region this is really just the beginning of the worst. it is going to be and all day, into the night affair dealing with category 4 hurricane ian and as the hours progress conditions will absolutely get
12:48 pm
worse. now over in st. petersburg heading south out of town, on the peninsula, very tall skyway bridge, it has been closed and will remain closed to traffic until the storm passes out, passes through the area and moves out east because the winds at the top where the cars and truck was be driving across, far too dangerous, 70 mile-an-hour winds. here inland in tampa bay, which is surrounded by all kinds of water, well, another effect that was seen five years ago during hurricane irma, the counterclockwise rotation of the hurricane has a phenomenon of pushing the bay water back out into the gulf of mexico and tampa police officers took several photos this morning, showing that effect. now keep in mind this is also very potentially dangerous. you should not go where suddenly
12:49 pm
you can walk on the shoreline, because when the water recedes, it does return and often times, with a very large storm surge. broward county, miami-dade county, monroe county, yesterday ad a lot of worst impacts from hurricane ian. most of the initial power outages were -- as well as collier county and broward had at least two tornadoes touch down last night. yes, hurricanes do produce tornadoes. one of those tornadoes actually toppled two planes, flipping them upside down at the north perry airport forcing residents who were alarmed and alerted to hide in their bathrooms, terrified i'm told. the water is gushing under every waterway. this area has already been saturated from recent rains and -- everyone is warning all residents that they could get up
12:50 pm
to 20 inches of rain before this is all said and done with, simply because the storm is huge, and it is not moving all that fast. around 10 miles per hour. that is a very slow rate of speed. that means more rain for longer periods of time. so the storm surge, the rain totals, and flash flooding are really biggest dangers right now to life and limb. neil? neil: be safe, phil, thank you very much, phil keating in tampa, florida with all of that. for a lot of floridians this is something they have not experienced in at least four years. for a lot of newcomers, ever. so has that taken some of the allure off of florida as a vacation destination to say nothing as a second home or permanent home destination? is this reminder today going to put a crimp in that? after this. ♪
12:51 pm
i'm gonna earn 3% on dining including takeout with chase freedom unlimited. that's a lot of cash back. are you gonna stop me? uh-oh... i'm almost there... too late! boom! earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you.
12:53 pm
municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide.
12:54 pm
1-800-217-3217. that's 1-800-217-3217. ♪ neil: you know florida is a wonderful place to go to and don't millions of northerners know it who flock there for low tax, low-crime environment. now and then you have to deal with stuff like this. what does it mean for future real estate there, giving people
12:55 pm
potential pause? katrina campins, what do you think? >> great to see you today. unfortunately this is a really big storm. it is affecting florida tremendously. i was born and raised in florida. this is something accustomed to hurricane season i endured hurricane andrew. for new residents this is a shock, it is definitely something they're not accustomed to and it will take getting used to. the real estate of western florida, did well during the pandemic is getting hit. miami-dade county, palm beach county, are also feeling effects. there is something you have to be prepared for if you move to florida. neil: we were talking about that, you have went through andrew, that was a doozy, 1992, those were winds in excess of 165 miles an hour. this state survived that. they survive these. part of living in florida but do you think it gives pause to
12:56 pm
excitement, people see that, also they get these? >> it definitely gives pause, neil, to people but, florida has really been resilient coming back from these storms. you know, andrew, for instance was extremely devastating t took years to build back. neil: right. >> but people continued to come back to florida because of the lifestyle and, you know, there is risk involved with everywhere. california as earthquakes, so forth. definitely something not to take lightly. tough know how to prepare for storms but it comes with the territory when you move to florida and i think this season is the first for many newcomers to florida. and they're experiencing what it takes to get prepared for a storm like this and this storm is getting bigger and moving very slowly. my sister, for instance, evacuated the tampa area, came to my home in miami. you never know. it took a last minute turn. neil: everyone will be okay, we pray that remains the case.
12:57 pm
katrina be safe yourself. we have a lot more coming up, dow up 437 points. a lot to do what is happening in england. we'll explain and explore after ♪ because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions .. . you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities.
109 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on