ie whs hard to disinvest in an area that was highly developed. >> there are new homes that flood every 8 years or less. >> worted kng in conhere iscont the state of new jersey there have been measures taken. there is no cheap solution is the problem to the flooding in the northern part of new jersey whether you find another way to move water out whether it's under ground or above ground when you put protection feaatios in it whether you buoy people out if you have structures to start at the second story only none of it is cheap. >> none of it is cheap. stand by. we are going to have more into that flooding aspect of this story. it will be the he heabe fine tow i guarantee it. mike talbin will be life on the scene right after this short commercial break. here isst leabe this road las5 deep under water. delaware, all of them many others coming up and over their ng to acks. we just got word from the new jersey department of environmental protection the ground was aaileai before irene. now the screen streams and tributaries have been inundated with water. right now they are predicting ab

gou can get a litity.e perspece ie whs dark. you can see water covering where we are on first street here. eiark avenow te you can see thes still water all of the way down to the larger roads here. we are in the west side. if you are not familiar with hoboken the homes on the hudson river there they are on higher ground they are below sea level. this is a an area that usually they were u ting p hiple who own apartments to evacuate. n haveghborhood. they were trying to get people out just for this very rears n that you can see. it is going to take a couple days as you can see for this to recede. n where frank sinatra was born. she mentioned traditionalwl floor c. i was taltra ng about a general about that this is an area that traditionally floor c. a rep theylican from new jerseyo is very involved in these matters as chairman of the subcommisetee maritime transportation. what about the fact that it is traditionally floor c, at what point are we g. >> nng to say if you buy a house in a traditional area you have to bear the burden

gou can get a litity.e perspece ie whs dark.er covering where we are on first street here. eiark avenow te you can see thes still water all of the way down to the larger roads here. we are in the west side. if you are not familiar with hoboken the homes on the hudson river there they are on higher ground they are below sea level. this is a an area that usually they were u ting p hiple who own apartments to evacuate. n haveghborhood. they were trying to get people out just for this very rears n that you can see. it is going to take a couple days as you can see for this to recede. n where frank sinatra was born. she mentioned traditionalwl floor c. i was taltra ng about a general about that this is an area that traditionally floor c. a rep theylican from new jerseyo is very involved in these matters as chairman of the subcommisetee maritime transportation. what about the fact that it is traditionally floor c, at what point are we g. >> nng to say if you buy a house in a traditional area you have to bear the burden of the flood you

meadows wh time now 5:36 a.m.w traffic >> we are hotspot free around the bay area who starting with your ride it that bay bridge toll pleasantville very light traffic. san mateo bridge, lighter than usual traffic. and the golden gate bridge last foggy one this morning no delays southbound as you head in for marin county >> we'll be right back as the kron 4 morning news continues in we will have more on hurricane i read when we return this is a look of the golden gate bridge and and we will be right back. ok, kids, our cable will let us record one more show. who should get it? i really love jennifer. yeah, she's great. yeah. yeah. kyle's got that thick head of hair. and that should be rewarded. ok, moment of truth. on "three," say which kid you love the most. oh, fun, yeah. 1...2...3... jennifer. jennifer. whoa. wow. ha! she's so pretty. yeah. or, we give it to kyle. it's really all he's got. [ male announcer ] switch to at&t u-verse and record four shows all at the same time. just $29 a month for 6 months. at&t. w

residents of the island have to be off by to moral is tearing its way through the bahamas right now wh why. notice the track is further east the will miss the florida coast they will just get showers and maybe some riptides. watch the track as it makes its way north it will hit the carolinas on saturday in the could be heading up the chesapeake bay will on sunday m. still all hurricane as it makes it away into new york cystine and boston. we're keeping our eyes on this major hurricane wh. >> we are keeping our eyes on that and this is a shot from miami florida. our local weathermen and this is what we are in for >> we've had a roller- coaster of temperatures. we're mostly clear this morning into the afternoon on a lot of sunshine expected san as a comfortable 82 we are keeping our high in the norris when we may have some pop-up thunderstorms mean. it will be cooler today than yesterday and i didn't reds of 14 degrees in some areas when . this is a look of your afternoon highs mostly '70s and '80s we couldn't break into the high 80s in some areas. temperatures along that the coastguard

is a bipartisan agreement that i believe will as i said, send a signal to those who are seeking toe wh create jobs for r fellow americans that we now are going to have the kind of fiscal restraint and responsibility from washington d.c. the likes k of which we haven't seen in a long, long period of time. so mr. speaker i will tell youll ast i strongly support you this measure as everyone has said it is far from perfect. but i strongly support it, and urge my colleagues, democrats and republicans alike, to join together and support and with that i reserve the balance of my time. >> the gentlelady from new york. >> thank you mr. speaker. after a month-long standoff over raising the debt ceiling congress is forced to take action onte a bill and by all accounts it is deeply flawed. i think everybody today has agreed with that. why are we doing a broad bill? because we waited until the last minute. instead of reducing the nation's debt by closing tax loopholes for oil companies and private bs debt owners instead it creates r super committee that will decide how toco take over a trillion dol

only wh verizon 4g lte. now get the revolution by lg for $199.99 and receive 3 months of netflix free. and a forward thinking spirit. at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. >>> if you are flying tomorrow you should know as a passenger you will have new rights. this won't mean better food or more leg room. as kron 4's catherine heenan tells us, it covers longs weight on the tarmac and getting bumped. >> reporter: in some cases stuck out there for a day. people get frustrated when they run into unannounced fees or bumped from oversold flights. more passenger rights groups tried to help. starting tuesday mew federal rules put mo

we are looking at low 80s in some areas wh.this is a look at high temperatures struck the bay area it is going to be a good tender breeze cooler that was just a day in early cold over the weekend. >> billionaire investor is to going to install myself on the board of clorox twice rejected his offer to buy clock box he made as to offers in the last month and the company rejected both those officer witers. all eyes will be on wall street once the bill opens this morning dow was down 419 pauling's and nasdaq was off on hundred and 31 points >> from the opening bell the dow was in free fall, it lost points in the first 45 minutes of the before closing down a net 419. >> we have cut jobs and wages and growth crisis until we get more spending by individuals and businesses and short-term government we are not going to have enough demand to get people back to work and get economic growth this is not only in the u.s. but also in europe >> the market responded to by all lot of bad news number-one net debt problems in europe and more peopl

what i look for. somebody to be a catalyst for action. what we saw in the last week was a sham. to increase the deficit two trillion . biggest voice spoke up in the last week that was the market. if they kept this trajectory you would see the market much much lower. i don't want to see all hell break loose. it is the best thing that could happen. short-term the markets will take a hit. we have to do something about the long-term fiscal health. >> quickly, gary if we do not? >> market is going to be cut in half. we are going to get up to 20 trillion deficit and never pay that back. >> lizzie you agree. >> i don't think cut in half. treasury bond market is a rate of three percent . quickly canada went through it in '94 and fixed it and got triple a back by 19nen. >> it took three years. >> much mauler. >>> and why it moved and controverses approximate since it moved and former economic advisor who said unemployment is closer to 20 percent and that was before the down. emily's just starting

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not wh priority mail flat rate boxes from the postal service.f it fits it ships anywhere in the country for a low flat rate. that is easy. best news i've heard all day! i'm soooo amped! i mean not amped. excited. well, sort of amped. really kind of in between. have you ever thought about decaf? do you think that would help? yeah. priority mail flat rate shipping starts at just $4.95, only from the postal service. a simpler way to ship. ♪ i'd do anything for you dear ♪ anytng cause you mean everything to me ♪ ♪ i'd know that i'd go anywhere ♪ ♪ for your smile ♪ anywhere ♪ yes i'd do anything ♪ anything for you ♪ a living, breathing intelligence that's helpi drive the future of business. in here, inventory can be taught to learn. ♪ machines have a voice. ♪ medical history follows you. it's the at&t network -- a network of possibilities... committed to delivering the most advced mobile broadband experience to help move business... forward. ♪ >> greta: dead or alive gadhafi's head has a price tag on it. 1.7 million dollars for his capture. rebel cou

.>> that's exactly wh. >> why are you playing together again? i'm thrilled because i... you know, you were a huge band for me. why are you doing this again? >> well, really it was just a matter of writing some new songs and trying to think about who would be the best people to play those songs and who i had the most fun with in the business and since it's no business anymore anyway i figured we'd do a record, put it out on the internet and, you know... >> stephen: do you like the internet? >> yeah, i do like the internet. (laughter). >> stephen: very popular with the kids, the internet. >> yeah, i know. i agree. >> stephen: long-time viewers of the show will also remember that your wife, supermodel paulina pour scow have has kind of a crush on me. >> yeah, i remember that. >> stephen: i'm sort of her hall pass. is this awkward for you? is that uncomfortable for you? >> no, i'm the luckiest man in the world. so i don't really get too unnerved by it. (laughter). >> stephen: how are you, paulina? how are you doing? >> i'm great, thank you. (cheers and applause). >> stephen:

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god said i shall have no gods before me, so don't spoil your appetite wh vishnu poppers.s is "the colbert report." captioning sponsored by comedy central [theme song playing] [cheering and applause] >> stephen: thank you so much. welcome to "the report." good to have you with us. nation, please, we have to... [audience chanting "stephen"] thank you very much. very kind. and in return, let me say, dos vidana. nation, as everyone knows, i am the world's biggest fan of spider-man. what's that, nerds? you're a bigger fan than i am? really? well then here's a spidey trivia question. which issue had you on the cover? i am on amazing spider-man number 573 saving the webbed crusader. [cheering and applause] pretty cool. well, i'm afraid i cannot save him this time because of the latest issue of marvel comics ultimate fallout, peter parker is kild, presumably while appearing in spider-man: turn off the dark. [laughter] worst, now that peter parker is dead, there is a new replacement spider-man. >> billing, big shake-up in the superhero world. >> forget about peter parker, the new

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wh >> who said there is no such thing for a free back to school is almost here.t might mean free food for everyone. they are giving free meal to all students to kids on public assistance. mike, is it a good or bad one. >> there really is no such thing as a free lunch . government subsidies, you will increase the cost of education. if you want to make them feel better give them a better education and make them smarter. >> good or bad idea? >> i am troubled by the idea of laughing at the poor and if people have a stigma. i want them fed. google has free lunches and no cashier because the time and effort of employing casher was a bad idea. 40 percent are on vouchers, it may be cheaper and faster to eliminate it and give them a free lunch. >> even people who could pay for their own. >> i don't want to feed the burrcrats. that could be for school choice or more assistance in the classroom. we don't have money in the world. feed the mind is more important than feed kids who can pay for it. >> i sense you getting in the voucher area. >> i am not worried about stigma, bu

to enter into this alliance w wh exxon mobil. >> the two companies will invest around 2.2 billion euros exploring pre arctic oil and gas elds. the new partnership will allow russia to export the oil fields in the gulf of mexico and texas. >> the economic center in europe fell more than expected. the european central bank will lower inflation forecast and seized raising interest rates. a monthly european commission survey showed economic sentiment in the 17 countries using the euro fell to a measure of 98.3 in august from a revised 103 points in july. optimism declining in all sectors. the euro zone will need strong economic growth to put an end to the sovereign debt crisis. economists are expecting the euros on the economy to grow by ly a 10th of one%. in an effort to get its debt situation under control, italy held a bond auction tuesday to raise fresh capital. the sale attracted few buyers. traders said the european central bank quickly stepped into the secondary market in order to prevent interest yields from rising to unsustainable levels. >> on the milan stock exchange, it is lower

that is a double-wham double-wh 247 hours after it started. we have concerns with lower basin. >>> so many people have lost power including my family. it varies from state to state region to region county to county. half a million people paul rose sin grin of pseng a big utility in new jersey when does half a million go back on-line? thank you for being with us. >> i can only talk about 3757 thousand that are part of the bed. we are trying to get as many of them up and running as quickly as possible. cruz in from far away. people should expect the outages caused by wind and the flooding. to be honest it's the flooding that is going to take longer to restore. it is the flooding of our equipment. need to ride it out before we can restart some of that and flooding in homes as well. >> so what about electrocution? i mean aside from -- these wires have you cleaned up all of those kind of perilous situations own as you were and does that cause even more outages you have to shut the power to get the hot wire out of the water. >> we do turn off power

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wh. >> we got sent little hoffman's attorney did not return a phone call corporate we will watch to assess the story continues to develop >> their warning the public about us is a matter that is offering rights to children 29 year-old girls were approached their refuse the ride and the driver did leave the area this is a description of a white man in his 40's our 50s white hair of a mustache and beard he was driving a white pickup truck and what appeared to be i. detail of of blood on the door >> eyes are on wall street dow futures up 24 s&p 2.7 the dow was down 77 points yesterday it is the fourth day that it fell or rose less than a hundred points wit. european stocks are mixed japan was down 0.55% how, crop up 0.38% to also new is also prices are creeping up a bebit. >> quick check the weather and traffic a live look outside of san jose traffic is flowing visibility is good we have overcast conditions. in terms of what the are expecting today the fog is going to burn off quickly today were a have close to clouds and a sunny in land today will be held warmer day than yesterday a quick lo

wh i will go. i said you could be

the storm is being blamed for five deaths and as it pushed to the north, the thefear of the wh was still real for millions. >> we anticipate heavy rain, significant power outages throughout the area of the storm. which means all up and down the eastern seaboard. >> reporter: thousands of sandbags were being moved into place in the nation's capital. in maryland, crews pulled boats from the water while residents rushed to get ready. it's clear this storm is anything but fun and games. in fact, concern about irene has essentially shut down the nation's largest metropolitan area. >> this is a storm where if you're in the wrong place at the wrong time, it can be fatal. >> reporter: president obama was briefed on conditions today by the director of fema. >> the biggest concern i'm having right now has to do with the flooding and power. it sounds like that's going to be an enormous strain on a lot of states. that may take days even longer in some cases depending on what the track of the severe storm is. >> reporter: a track that affect millions as irene makes its way up the east coast. as we ge

. ♪ í@ alsooáry odor shie báechin new bodshr@ wh >@dw ♪ comedian (groans)y buddy!an: mike, a little constructive criticism for ya. there's one thing i don't like about your commercials. mj: this is gonna be good. comedian: everybody always showin' you their underwear. it's not realistic. comedian: now me, i just got these. comfort flex waistband. doesn't pinch, doesn't bind. nothin' man, i can get so low in these. look at this! look at this movement. comedian: i'm like a ballerina in these things. i could take you, i bet, in these. i bet i could take you! vo: the new comfort flex waistband. won't pinch, won't bind. new from hanes. >> jon: welcome back to the show. you know, we cover a lot of medical issues on the program. recently one of these stories, well, it hit a little too close to home. our own jason jones had a health scare that tore his life apart. he's here now discuss it with us. jason, thanks for joining me. >> thank you, jon. [cheering and applause] i decided to share my story so people out there know they don't have to go through something like i went

. >> i'll be puttingng forward wh they come back in september a very specific plan to boost the economyate jobs and to control our deficit. and my attitude is get it done. and if they don't get it done, then we'll be running against a congress that's not doing anything for the american people and the choice will be very stark and will be very clear. >> reporter: he's no longer the fresh-faced junior senator who electrified iowa democrats more than three years ago. >> our time for change has come! >> reporter: but that doesn't stop him from trying to recapture the magic. with that, campaign 2012 unofficially begins. heading into this first stage of the election, president obama faces a moment of crisis. coming off the bruising debt ceiling debatete the s&p downgrade and a roller coaster week for the stock market, the effects are showing. the president woke up today to the worst poll numbers of his administration. today, he tried to place the blame on the toxic environment in washington. the buck stops over there. >> there is nothing wrong with america that can't be fixed. ways broken is

wh what we see in madison, wisconsin is the selfishness of the so-called dependency community culture in the end when times get tough, people say no, i want my pension, no, i want my benefits, no, i want to retire at 53 no matter if it bank rupts the state. >> when you and we see all of the protesters in all of these countries, are they speaking for the majority or missing the silent majority, spiro agnew and richard nixon and others-- >> i think the silent majority, if you look at greece, the class is causing a pins er movement, bad cop/good cop routine squeezing both ends. you see that in california people have to pay both for the bureaucracy and the dependency, eventually get sick of that burden and start to leave the state and i think, i think that the danger in a country like greece is it that if you've got a great business idea in athens, the best thing you can do is buy a one way ticket out of there. there's no point in trying to develop that business idea in the climate in greece. and the danger is that once the state and its dependents get to a certain size and the productive

j and wh >> and what would be the charge be? urinating in the aisle?o early with willie geist" starts right now. >>> his sweep through the midwest complete, president obama heads to martha's vineyard while the republican frontrunners stay out on the rail attacking the president's record on creating jobs. the question is after president obama makes his planned job speech after labor day, what meaningful steps can he it take with a republican congress that's shown it doesn't want it dance with him. >>> mean while in syria, president assad tells the united nations his crackdown on protesters is finished, that on the same day another nine people are killed in the streets of that country. the question is what more account international community do with assad beyond all the verbal threats. >>> and former senatorial candidate and nonwitch christine owe donele was back on tv last night for a while any way. then she had to leave in the middle of the interview. the question is what made her walk out and why was she on it chlt tv in the first place? it's way too

wh my disgustat comes from what our government has become as a body. the republicans have been aat pr scade putting us into this mess.pe the wealthy has enjoyed a nice little half a percent george bush induced tax cut. m inwhile all of america is on its knees, and now like little school children, they cry baby and threatened us before they will accept the reality and the facts. and that tax break has ended. it has ended. they need to get over it. it is a half a percent. all of their mimicking and copying each other with his rhetoric of businesses will fold and it will cost jobs. that is baloney.he they were paying that have% before bush gave them it.. these agents don't want to put in 1 penny into helping fix this if they have made. >> host: cindy thanks for your call. manolo oaks texas is up as we take your calls in reaction to the debt debate in the return of gabby giffords to the house who in five or 10 minutes of calls. we will show you all of today's debate from thegu house floor. here's derek on our independente line. texas, hi there. >> caller:

wh oo, whoo! welcome to "the report." thank you so much. [audience chanting "stephen"] [cheering and applause] >> stephen: thank you so much. welcome. good to have you with us. folks, sorry about the glasses. sorry about these. i'm just... oh, my god, my eyes are still adjusting.

shoot me an e-mail or tweet me and let me know wh you're doing up a this hour. or you can do what chris money maker does and text the word awake followed by your response to 622639. we'll read the best responses later in the show. the next 30 minutes will be your cram session for this thursday, august the 4th. a lot to tell you about including a condemnation issued by the united nations for the continued crackdown in syria but is condemnation enough anymore. plus jon huntsman tickles the ivory on the campaign trail in. in that. he did the tickling right after he was asked the question who are you? it's a can't miss clip. coming up later in the show. but first let's get to the news. with the debt deal out of the way now, president obama shifting his focus to getting reelected. in his home down of chicago last night the president celebrated his 50th birthday which is today with an elaborate campaign crowd raiser. the crowd sang happy birthday with the help of jennifer hudson and herbie hancock. spking to the crowd, the president expressed his frustration with the

. >> for the folks inside the obama camp wh they will tell you in a private conversation, they won't tell us in the private conversation. >> we won't have a private conversation. tavis: we know these private conversations are being had. there are two overriding thoughts. they know negros are not going nowhere. they know black people are going support this president. there is no need to put us at the front of the train. and if they were to do something specifically for a round, relative to black unemployment, this president might be accused of being tribal. >> well, there are all kinds of tribes in america. some have been fed and others have not been. more importantly, tavis, it is not that black folks from going to desert president obama, it is that the young, i think, are going to desert the ballot box. i don't think that -- i think you would probably have to put strychnine down some black folks' throats to have them consider voting for a mccain or a bachman. however, some folks don't come out. the deliberate attempts to suppress intercity black senior youth votes, the obama preside

political -- sorry, very difficult political challenges associated, internal challenges associated wh

the opportunits that i had at the university of phoenix, dealing wh profesonals teaching things that they were doing every day, got me to where i am today. i'm mayor cherie wood, i'm responsible for the largest urban renewal project in utah, and i am a phoenix. [ male announcer ] find your program at phoenix.edu. try capzasin-hp. it penetrates deep to block pain signals for hours of relief. capzasin-hp. take the pain out of arthritis. i'll even deliver them to your door for free. it's an offer too good to pass up. call or go online now to order your free priority mail flat rate shipping kit, only from the postal service. a simpler way to ship. >>> it was a big day in the house yesterday, but not quite big enough. lawmakers went home for summer recess without deciding thousand fund the federal aviation administration. that means 4,000 faa employees will remain furloughed for the next month. the federal government will lose more than a billion dollars in tax revenues. ray lahood says construction projects at airports have been halted costing more jobs. >> it is not fair to the 70,000 c

the opportunits that i had at the university of phoenix, dealing wh profesonals teaching things thatry day, got me to where i am today. i'm mayor cherie wood, i'm responsible for the largest urban renewal project in utah, and i am a phoenix. [ male announcer ] find your program at phoenix.edu. agents, these crustaceans are like gold to a restaurant owner. so? water damage can spell disaster for a small business. and restaurants have over 4 million slip and falls every year. that's why we work with our clients and help them find coverage for stuff like this. oh! hey, what are you going to do with these guys? we'll release them into the wild so they can live long, fulfilling lives. aw, really? no. [ male announcer ] we are insurance. ♪ we are farmers ♪ bum, ba-da-bum, bum, bum, bum ♪ >>> we're have the behind the scene story of gabby giffords appearance today. we'll talk to debbie wasserman schultz who helped her. >>> the breaking news on the debt deal, no vote until tomorrow in the senate and a breathtaking moment as the house was voting to pass it looked and sounded like business as

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learn z he can only do it in two weeks once season begins he'll begin serving as7 five-game suspension wht practicing and every minute, and and there is so much information and i want to accomplish it. and it's overwhelming. >> i would be attached. >> and that good for you. >> he's a good young man. i wanted him to. i wanted him to hear how a play sounds when you get a feel for how we go about doing it. its the first day for him. i thought he did a good job. >> if you're into numology, he will wear number six with silver ask black. he wore number two at ohio state. raiders don't want him wearing number two here. call it the jinx. that was his number. >> this is number two. and why? i don't know. so... i'm just going off. >> with hurricane irene expected to hit the boston area, a's and red sox not going play that day. they'll play a double header tomorrow. and as for tonight's ageless tim whitfield, knuckle baller going for 200th win. a's not impressed. scott sizemore says knuckle this. two run bomb over monster. a's up, 4-1. four battles later josh willingham. high, deep, his 23rd of the

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the opportunits that i had at the university of phoenix, dealing wh profesonals teaching things that they were doing every day, got me to where i am today. i'm mayor cherie wood, i'm responsible for the largest urban renewal project in utah, and i am a phoenix. [ male announcer ] find your program at phoenix.edu. and i am a phoenix. naturals from delicious, real ingredients with no artificial flavors or preservatives. naturals from purina cat chow. share a better life. >>> it is 10 1/2 minutes the hour. now back to the quote of the day, the answer is film director michael moore. he said president obama show some guts and arrest the ceo of standard & poors. these criminals brought down the economy in 2008 and now they will do it again. >>> more vilolence in britain. fires. looting. roaming gangs. what's it all about? we'll have more details in ten minutes. >>> kids in philadelphia have to follow a strict curfew not from their parents. philly mayor is enforcing a curfew on all minors following a string of attacks committed by mobs of young children. violators could face up to $500 in f

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wait till you see wh sis, help me create my oasis. ok, romantic garden? oh, is there a castle nearby? no, but there's a charming farmhouse. right next to my posh castle! i'm sensing a theme here. well, i am the queen, dear sister. get your annual ikea catalog today. come on out, guys. the jury has reached its decision. now, you guys found the other airline guilty of charging a 150-dollar change fee. you bet! southwest would never do that. and that was after she changed her flight and paid the difference in airfare. that other airline treated her wrong. she was understandably upset. well, who can afford a 150-dollar change fee? he was surprised with the verdict. you got that right. [ male announcer ] don't pay a change fee on top of a fare difference. fly southwest, the only major airline that never charges change fees. >>> only on 2, a store manager accused of secretly recording women inside a bathroom and dressing room at a popular south bay mall. lloyd lacuesta attained some of the video and tells us why police believe there could be other victims at ot

it's tough to make an assessment, george but we'll have significant problems to deal w wh in new jerseybut we'll be working with the folks to make sure we get through just fine. >> number one message right now, stay inside, the danger has not passed?? >> stay inside. the danger has not passed. do not leave your homes. if you're fortunate enough to be in your home, stay there. if you do, we'll be able to keep you safe and take care of you once the storm passes. >> thanks to governor chris christie, they have a big cleanup ahead of there. >> they do. that's the situation in new jersey. across the river, the east river is beginning to overflow right now. abc's chris cuomo has been reporting this. you can see yourself leading to a foot of water in battery park. not far from there is sam champion in lowermanhattan. we are beginning to see the water rise there, sam. >> it would be the exact right time. here we are with battery park behind us. that is the tip of manhattan. we are in a high tide cycle right now. this is when we expected to see water breech that area and m me that move up agains

you'll see a wh hotel that has been evacuated due to a bomb square.police tell us that bomb-sniffing dogs are inside the hotel. the evacuation is part of this precaution. there is another shot of the owe tell. you can see quite a big one. lots of folks inside this hotel right before labor day, an evacuation in progress, bomb-sniffing dogs and a bomb squad on the scene as we hear more we will bring that information to you. i'm so glad you're with us, i'm jenna lee. gregg: i'm greg jarrett in for jon scott. welcome to "happening now." the wind and rain are over now. millions on the east coast still reeling from hurricane irene. the problem now flooding. case in point take a look at this, philadelphia, the river is spilling over its banks flooding the low lying streets causing widespread damage there and across the state. let's go to rick leventhal in new hope, pennsylvania. rick, how bad is the river right now. >> reporter: it's not as bad as locals had feared it might be. all that rain from hurricane irene had to go somewhere. much of it has funneled i

zane, wh zain, what are the headlines saying? >> "the guardian" newspaper says this. fear of risk taking is hindering recovery. now it quotes bank of england official that says psychological scarring caused by the last financial crisis and a growing reluctance to take risks in the markets is creating pessimism and threatens to delay a recovery. check out "the international herald tribune" with this headline. the banks need cash. it says the european banking system is showing signs of a cash crunch but a lack of clear data may be exaggerating the gravity of the problem, sowing mistrust among banks and making them reluctant to lend to each other as well as businesses and consumers. underscores the point there are concerns what we are seeing is a hangover of the problems of the banking sector back in 2008. and that that has now been transferred to the state sector and to governments holding big debt piles. >> zain, thanks so much. >>> we will take your questions about the market and your money on twitter. i have a number of guests coming up in the next hour that want to

wh what.that they saw a man, a six-feet tall, carrying a hand gun, possibly covering it some type of cloth, covering it somehow, possibly with a white cloth. all right so the kids report this gunman and give -- alleged gunman and give a very detailed description. he was wearing a blue and white striped suit, stripes were vertical, he had gray shorts on, brown sandals, no facial hair or glasses. white male, six feet tall. he was just outside the new residence hall east when these kids saw him. saying that he possibly had something in his hand that looked like a gun. he was covering it with some type of cloth. all right, since that report came in at 9:37, the alert went out and virginia tech has been on lockdown ever since. we're actually streaming through the security cameras there, on virginia tech's campus. unfortunately this news brings back some pretty horrifying news for all of us, back in 2007, that shooting spree that took place on the campus. brianna keilar, as you know, is our white ho