. >> that was mayor blake, updating everyone on where we stand in terms of city for paribas. >> 2000 officers working -- preparedness. >> 2000 officers working overnight. john is standing by. >> the storm is 250, 260 miles to the east, southeast of baltimore at this time. they have been talking about for a week how the storm is going to behave. landfall coming sometime late tonight, early on tuesday. this thing may come on land in the evening hours this evening, throwing heavy rain bands now, coming in, the heaviest of them to the west of baltimore, out in frederick, west of washington, d.c. at this time. the rain around the center does not look that impressive, it is too far away to give a picture of the rain that is active. but there is plenty of rain coming in and we will continue to see what we have been getting for some time. how much rain to expect? rainfall will be somewhere around 4 inches to 8 inches. wind gusts are already up near 60 over the open waters of the atlantic's. 90 miles per hour winds at the center of the storm. the storm is taking aim, as the track indicates, o

paribas. so you heard it last night, te candidates went toe to toe in the debate. governor romney accusing the president that for a doubling of gasoline prices over the last four years president obama defending himself saying it wasn't his fought that there was a recession and a recovery. so who was right here? >> well, really oil prices as a global phenomenon is dependent on what's happening with the world as a whole. so there's a limit to what one country, one government can do in terms of oil prices. what we've seen in the united states is oil production in the u.s. is increasing. but due to other factors around the world and the middle east we're still having higher prices and that's impacting the price of crude. at the moment price of gasoline is below the psychologically important $4 a gallon at the pump in the u.s.. and as such the price of gasoline as a political issue might recede in the coming weeks. >> susie: actually some people are predicting that by the election prices at the pump will get down to $3. do you agree with that, and why will it drop so mu

>> they cut on three french banks including the largest one, bnp paribas, on its outlook for most of the banking sector. bnp long term credit rating has been cut by one notch to a plus from double a minus. s&p has negative outlook on the large banks. the rating agency believes that the risks for the french banking sector could rise in the near term as the competition could increase on the domestic markets. why the funding conditions would remain volatile. and globally speaking, it believes the economic environment for the banking sector in france will become more demanding as the french housing market is in the process of correcting a build up in housing prices. although impact on banks should remain slimted. this statement comes just two weeks ahead of the earnings report for bnp and socgen and two week after they sold yunts that was a relief. >> absolutely. thanks for that. greece reportedly needs 30 billion and you are rows in emergency cash and another two years to get its house in order. at the same time, the imf is warning portugal that risks have increased marketly because of

bnp paribas is caution on government data on workers. poor quality there.pmorgan chase dan silver, we think it was california. he still doesn't know. etf digest, watch what those guys say. early rally an incomplete info which became undone. wasted buying power. a lot of high level of noise wall street analysts are warning about in the jobs data. you will see gold selling off on positive news thinking the fed will pull back. it will roil the markets going forward until we get some more clearance. wall street again, there is confusion down there. if they're confused, watch out viewer. lori: elizabeth, thanks so much. >> sure. lori: i'm even more confused. melissa: our next guest called yesterday's labor department data completely worthless. stephen stanley, chief economist at peer point securities and he joins us now. i find these surveys really frustrating because the methodology is so completely different. it isn't even a partisan matter. i studied economics in college. the way they gather data is so different and come out with so different answers. is ther