gilboa dam, not too far from west point. pratsville is where the moore's hotel. they are telling us that they have not been notified of any dam collapse. this is in the catsskills. so i guess what is happening the details of this are coming about sort of in live time now. we have this information of the lack of contact with this particular dam. this is when they were doing construction on it. they upgraded in 2005 but now we know certainly a large amount of water is working its way over the dam and number of people, 26 people in pratsville seem they are trapped. the best thing is to find out what happened. we'll get a chopper or ground crews to find out what has happened in the catskills as 26 people believe they are trapped inside the hotel. a quick commercial break to iron things out in a potentially difficult situation. i told you so far, we'll check to make sure it's right. more on fox continuing coverage irene. 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] o

we are continuing to watch gilboa dam up in the catskills. our indication they are having a level "b" emergency except they got way too much rain than the hills and valleys can handle. they are working on emergency just. our correspondents are on their way are there hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] new ensure hh protein. ensure! nutrition in charge! morning starts with arthritis pain... that's two pills before the first bell. [ bell rings ] it's time for recess... and more pills. afternoon art starts and so does her knee pain, that's two more pills. almost ne, but hang on... her doctor recommended aleve cause it

new york city in this case is the owner of gilboa dam part of the water supply systems. the cresting levels behind that dam based on models which has been accurate is 2 and a half feet less than it is designed. there is instrumentation on the dam that made it look like something may be happening with it. they have asked us to come out and in a prudent move the state and local officials ordered evacuations down stairs. >> i heard they had another mini earthquake there. you have philadelphia one of the most important baltimore all in your jurisdiction new york elizabeth new jersey. boston new haven. what is the condition of our force and are you involved in getting them back on-line? >>> oo we work with the coast gu >>> oo we work with the coast guard clearly but what happens if navigation exists in the form of floating debris. we are also doing surveys. we have under water surveys. >> bloating debris. you have big logs and timber and other things floating. you can't see them. they could sink a ship. >> even in a regular storm it is astonishing all of the amount that comes

new york city in this case is the owner of gilboa dam part of the water supply systems. the cresting levels behind that dam based on models which has been accurate is 2 and a half feet less than it is designed. there is instrumentation on the dam that made it look like something may be happening with it. they have asked us to come out and in a prudent move the state and local officials ordered evacuations down stairs. >> i heard they had another mini earthquake there. you have philadelphia one of the most important baltimore all in your jurisdiction new york elizabeth new jersey. boston new haven. what is the condition of our force and are you involved in getting them back on-line? >>> oo we work with the coast gu >>> oo we work with the coast guard clearly but what happens if navigation exists in the form of floating debris. we are also doing surveys. we have under water surveys. >> bloating debris. you have big logs and timber and other things floating. you can't see them. they could sink a ship. >> even in a regular storm it is astonishing all of the amount that comes

we did have an emergency sunday at the gilboa dam. devastating flooding and it will take time for the floodwaters to recede. but we are not expecting any additional flooding. bill: thanks, maria, we'll talk to you again very soon. martha: let's swing around to another topic. business and the economy. we have bad news coming in in the housing market. the closely watched schiller index, we can tell you the home prices declined year over year. stuart varney joins me now. stuart, not a good indicator. >> when you look at the year over year figure, this is not a good indicator. the case-schiller index looks at the home prices on a moving basis. what that report shows us today is your home in those 20 big city areas is worth about 4.5% less than it was one year ago. that means we are nowhere near the peak in hope prices in '06 and '07. we are down roughly one-third since 2006 and 2007 when home prices peaked. that's a huge drop. we have not seen that since the depression. there is one element of reasonably good news and that is month to mon