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president trump is headed to the state later today to tour the damage seema mody has the latest fromhe ground in newbe berme, nort carolina >> a lot of military equipment is being set up here many parts of north carolina are still experiencing flooding, high waters and power outages. other parts of north carolina is where you are seeing residents slowly return to homes and assess the damage. here in new bern over 3,000 business and 4,300 homes were damaged. >> right now the community right now is coming together to help everybody. but it's going to take a process to get it done there's so many families i know in our church that lost everything >> it's been rough for everybody, devastating for many people we're one of the lucky ones. our boat still floats. the boat next to us sank >> reporter: aiding in this recovery and rebuild efforts are a number of organizations including the u.s. army national guard. they brought in their high terrain suvs they need this much height to get through a lot of the roads that are flooded walk with me here, you can see one of the large-scale fuel tanke

seema mody is live for you in north carolina with more >> due to florence, farmers are facing a shortagell you about the impact of this storm on the agricultural community and how that may impact your thanksgiving meal. that's next. who can help me build a complete plan. brian, my certified financial planner™ professional, is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. vof hundreds of families, he'se hmost proud of the one the heads find your certified financial planner™ professional he's kept over his own. brand vo: get paid twice as fast with quickbooks smart invoicing. quickbooks. backing you. with tough food, your dentures may slip and fall. new fixodent ultra-max hold gives you the strongest hold ever to lock your dentures. so now you can eat tough food without worry. fixodent and forget it. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great...

seema mody in new bern, north carolina. >>> coming up, amazon's jeff bezos taking center stage at their force association conference later today, where space is a big focus. we'll have an exclusive interview with the air force secretary, heather wilson, on the future of the space force and expanding the air force. the stocks at session highs near all-time highs as well we've got the dow up 200 pois. quk le will be right back this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >>> president trump's trade war with china continues >> jon, the u.s. is already imposing tariffs on roughly half of the $500 billion in goods we import from china and presi

seema mody i in kingston, north carolina. >> reporter: 60 miles inland from the coast and a the neuss riefr is rising in king ton, carolina. flooding gas stations, local businesses and wreaking havoc and home owners. that's because many of them do not i have floodurance since they're not in a designated flood zone. only 335,000 home owners in north and south carolina have flood insurance. which means the mority of sidents will have to pay for repairs out of pocket. >> after the flood it's a little too late but i hope this is al wakeup c to people that everybody needs flood insurance. >> north carolina's department of insurance has set up camps across the state for residents to meet with insurance companies to begin filing claims. and answer questions for those who may have no insurance at all. >> i'm not insured. that's why i'm out here talking with fema. that's -- you know, i heard about this right here, so i came t here to see what helpky get. >> how much damage do you think you havet me. >> oh, well, a few thousand. that's all i can say. >> uninsured residents have two options. app

on "closing bell." >>> residents and businesses are working to clean up after hurricane florence seema modylina with the latest on the efforts. seema. >> and morgan, president trump hours ago visited newbern where he tour the damage and assessed the response from federal workers to hurricane florence. he spent time at a baptist church which has been converted into a disaster relief center. we touched down yesterday in north carolina we spoke to a number of residents who said they incurred damage at home due to persistent flooding and they welcome any type of support from the president. >> the damage is moderate at home, thank god. i got -- i say moderate to what other people had some people lost homes completely >> reporter: now, across the region around 37 deaths. that did increase from 33 yesterday. and in north carolina transportation continues to be a challenge because, again, of the high water levels and persistent flooding nearly 800 roads have been closed and people are still in shelters around 10,000 in the state of north carolina power continues to be an issue limited power availab

drama, wrapping up a strong september for the s&p, the best quarter in five years seema mody at the new york stock exchange. >> stocks turning around once european markets closed. although significant weak in europe after italy unveiled a budget not going over well with the european union could set the stage for a showdown with brussels a downgrade by credit rating agencies has been more likely after the deficit hike back to u.s., materials, fjss tech are under pressure. nasdaq 100 is off by a .5% led lower by tesla, facebook as you can see down more than 3% and eby. but check out the quarterly performance of the sectors and you see that technology while it has faired well. health care has performed better on strack for the best quarter since 2013 double indigent gains. tyler back to you. >> seema thanks very much. dow and s&p 500 on track now to close out september on a positive note. the concern now is october and then at the end of october, the concern will be november and then it will be december what's the best strategy now and for the rest of the year in let's bring in karen pay,

seema mody is in hard hit newbern, north carolina, for us tonight. >> reporter: the hurricane has passed but the flooding and d wateage is wreaking havoc across the carolinas. here in newbern, population of 30,000, over 4,000 been damaged or destroyed. >> i don't have flood oem -- oem owners insurance, we're on our way. >> som h people lostes completely. and i just got moderate damage to mine. >>newbern's conference center a jerner has suffered damage prompting local officiag to brn extra help to expedite repairs. >> the biggest problem w wh moisturen it's on the ground it rises up and damages other parts of the ilding. right now we are stabilizing the environment getting the wet material out that wean. and getting ready to be rebuilt after we leave. >> reporter: complicating the recovery efforts, access to power. over 200,000 residents are dealing with power outages. and duke energy says most of the power will be restored by next dnesday. >> we're almost ready for you, okay. >> for those without power still and a place to stay aid groups like operatiin ble provide food and supplies, in

for some the storm could not have comeor at a time for this critical sector of the economy.tate's seema mody is in the small farming untown for us tonight. >> reporter: it's a race against the clock for many farmers in north carolina to salvage as much of the crop in the wake of hurric florence. wind and rain damag much of the tobacco still left in the fields. and scott farms, a family-run, 14-now acre operation tells us it could lose 25% of the tobacco crop. >> obviously it has been damaged. fortunate a lot of it has been tten in so far. where it goes from here we don't know. >> reporter: the farm grows sweet potatoes making up 70% of the revenue. theyere still underground when heorence hit halting the havre. scott farms saysrop could see losses of 20% or more. >> harvesting sweet potatoes we have a narro window o when to get it harvested we need to to get it havred before the frost hits. when an event like this comes and w can't harvest it narrows the amount of time we have to get the crop into theou. that's -- it's a problem that you deal with and up front and also down the road. >> repor

we have complete team coverage seema modi is inside home depot's command center in atlanta but we'lln carolina beach, north carolina, with with jackie deangelis. >> governor, carl, last time i saw you the eye of the storm was totally calm here. now you can see the winds are picking up again the eye has continued to move n on so strong winds have come through again. it's falling heavy and hard. fema has made the statement saying that this is just the beginning and that the worst is yet to come and that as this eye travels through and takes a slow path, the storm will hover in certain parts and that has been the concern all along, that we'll see excessive flooding and storm surge. you mentioned new bern new bern was waiting for assistan assistance about 200 people were evacuated earlier. remember before the storm came when the warnings were given people were told to get out of dangerous places as soon as possible in advance of the storm because they said it would be hard to get first responders there to provide them with help. power outages continue in north carolina and south carolina

>>> safety features across hotels, seema modi joins us with more >> that's right. washington, d.c. today to unveil new security and safety measures including the rollout of the panic button which will better protect hotel workers from the threat of sexual harassment. it's been a longstanding issue that the hotel industry has been trying to deal with. in seattle, washington, alone, over 50% of hotel housekeepers say they have dealt with harassment over the course of the career, that data according to unite here, a labor union representing the rights of workers in the industry. now, in addition to arming employees with this portable safety device to be used to alert security personnel when they're in danger, hotels today implementing mandatory anti-sexual harassment policies, enhanced protections and but it's the role of technology that american hotel and lodging association president katherine luger says plays a role in continuing to drive hotel worker safety listen in. >> technology's evolving but it can really range from a button that you push and it makes a loud

>>> i'm seema mody at cnbc headquarters tropical storm gordon set to make landfall in the gulf coast. we'll go straight to mississippi to look at the impact on the region and big oil >>> new details just coming out on what facebook and twitter will say tomorrow on capitol hill i'll have the latest coming mup. >>> and i'm saraizen in for kelly evans. colin kaepernick in a new ad what does it mean for nike's new stock and the overall brand? we'll take a closer look "the closing bell" starts right now. >>> good afternoon and welcome to the "closing bell." we'll get to all those stories in just a moment and we've had a good run of sara eisen stories recently i'm looking forward to this one again. >> whenever there's a top story -- >> i look forward to push aon those few ideas, questions >> good, bring it on >> let's check in on the markets. we're well-off the session lows but we have been lower all day the s&p is down just about 0.03%. andway s&p and nasdaq are down for the selkd time in three days let's starts off with amazon hitting a $1 trillion in market cap value. let's get to bertha

david faber, back to you >> seema mody, thank you >>> let's do a faber report. why not? fin a health you may rrl, recall, there was various reporting that athena had done to sell itself. if you want to go back to the spring, mid-may when eliot, 9% shareholder would like to buy you for 160 bucks a share. that did have the purpose of putting the company. -- what can we tell you right now? bids were due last night they came in bids did come in don't get too excited. they did not come in at a level that necessarily points to anything like 160 bucks a share. that's what i'm hearing from people familiar with the situation. at least three bids were received at least two from private equity one from an unknown strategic still not able to find it. i don't think it's amongst the different rumored names. it may be an unexpected name frankly, i don't know. there is countenance at this points that the process will lead to a successful conclusion and that the board is poise today sell this company. the question, of course, is at what price the presence of three potential bidders would

. >>> seema mody has the european close. >> italy released the 2019 budget, and it was not pretty.get deficit target of 2.4% of gdp is more than estimated, sets the stage for top discussions with the european union, given the block 3% limit italy benchmark index fell more than 4%, worst day since february of 2016 while the ten year yield hit the highest level since may. italian banks down more than 8%. banco bpm down 8%. deutsche bank, credit suisse under pressure the prime minister says he is not worried by market reaction to the budget announcement the s & p decision on october 26 will be the next key event for italian markets. analysts are expecting s & p will downgrade unlike moody's which is expected to downgrade italy by end of october. currency market is moving on this euro 1.16 against the dollar for the quarter, look at how the european stocks faired italy the worst performer. germany down fractionally. and broader european stocks index is up by 1%. still trailing the s&p 500 guys, back to you. >> all right thank you. >>> let's head to sue herera who has a news update. >>

. >>> let's get to seema mody for the european close >> hey, morgan, european stocks, let's look at stocks on the move rpc group, one of the biggest leaders, more than 17% the packing container company in talks to sell it self. there are a number of macro headlines in focus, including a pair of currency moves first, the pound, spiking to session highs against the dollar after the eu top brexit negotiator said it would be realistic for a deal to be forged by november adding the uk and ue closer to terms on security concerns, a major sticking point thus far in on-going negotiations. meanwhile, the russian ruble the lowest since march of 2016 brings year to date losses to 22%, amid all concerns about the economy, uncertainty on yuchu.s. sanctions. set to discuss a possible interest rate hike friday. >>> important day in sweden. the general election too close to call. the anti-immigration party, sweden democrats achieved the best ever showing in the country's parliamentary elections, garnering nearly 18% of votes polls projected the party would have an even better showing. back to you. >> than

. >>> let's get to seema mody for the european close. >> stocks mostly higher across the board. the key laggard is italy reports that the government may postpone the 2018 budget meeting over internal disagreements. you can see the ftse down about 1%, big banks down 1 to 2% on the data front, consumer sentiment dropping to the lowest level in more than a year. notable weak nness in france it ticked down as data came out. 1.16 against the dollar. turkey dropping to the lowest level in almost a decade those numbers not weighing on the lira, and switch to individual stocks in europe on the move european travel site on track to meet earnings forecast, despite unusually hot european summer which was expected to dampen tourism to europe. and let's talk about industrial. germ german giant, surging 10%, after they plan to split into two firms. one entity will include automotive supply business, the other a joint venture. merging with india's steel stock up 10% on the retail side, h and m posting strong online sales results in many core markets, quite the turnaround after years of falling

. >>> not a great trading day in europe seema mody is here for the european close. >> what's interesting, we started in the green stocks in europe ending lower. italy down about 1.5%. talk about germany though. two of the biggest lenders could be closer to signing a deal. german media reports executives of deutsche bank and commerce bank are open to the idea of merger a spokesperson saying the government was open to the idea, but refused to comment further you can see stocks moving higher on the news. >>> central banks in focus mark carney saying he will stay on as head of bank of england through january, 2020. he had been slated to step down as governor in june of 2019, but was asked by members of parliament if he would consider remaining in his post beyond that date. this decision ahead of the boe policy decision thursday the pain spreading to russia, stocks close at 52 week low. you can see slightly higher today, still close to 52 week low. now down more than 9% since start of the year. and nearly 20% from february high a lot of concern on direction of russia's economy speaking of tha

important how to stage their supply chain so that they can replenish after the storm is there >> seema modyill be at a home depot today. the massive corporations have the resources to conduct storm centers. they can build a war room. you wh what about the smaller and mid-sized companies? they don't have that opportunity. where do they get their information and data >> for a large part it's about how well you communicate every business regardless of where you are, you need some type of disaster plan, some type of emergency preparedness plan for all different kinds of situations every business has it to some extent those on the east coast look to have a better perspective on how to deal with this. >> the supply chain is also measured by the strength of its weakest link wherever that may be, one thing along that line that goes wrong or badly, and you can't reopen where are the weakest links in the supply chain is it just simply getting men and women truckers to get back on the road? >> right some of it is that some of it is just how quickly can you get back in? if the roads are not open, you c

seema modi is in the newsroom. >> some wall street analysts are forecasting a drop in sonos. brent hill says given the stock has had a great run up, up today 13%, he expects a small pull back jeffries still thinks it can carry to japan which is currently the second largest streaming market and while sonos has focused exclusively on the home, analysts say moving into untapped categories like commercial and portable would be favorable for the stock. sonos will have to move fast as amazon, apple and google are working on theirs. sonos has been on a tear and it's currently down 15% in extended trade. >> seema, thank you. despite the move in sonos, recent tech ipos have been on fire roku up 10%. stitch fix up, spotify, drop box up 30% since they went public. we should note that spotify went public via direct listening. the percent change might be thrown into question in terms of how we calculated this is this move in sonos a warning sign for the rest of the high flying stocks? >> what it's a sign of, we're talking about market caps that are nowhere near the size of the big boys so

. >> seema modi ins newsroom what do you make of jeffery gundlach's advice when it comes to emerging markets international. >> to me it's back to the dollar, right? we have had this emerging markets currency crisis. that hits the equities if you think the dollar is lower. my view is the dollar is the new vicks. that should be good for all equities if you want the torque as my friend stephen says you want to be in the international equities. >> i red in the "wall street journal" this morning today is the 54th day in the row we have not had a 1% move in the s&p 500 up or down on a closing basis. the last time that happened was into the highs in january. to me it seems we are complacent here we are back at highs did make new highs we haven't shone torque to the upside. >> feels weird when we have trade positive headlines the way the market ripped. it gave you almost a lablts of foreshadowing what happens if we see some of in gain traction. >> with in the era of rip. because rip used ob to be a. >> spitting distance of the all-time highs rip is probably adequate points. >> is there a dif

seema mody joins us from new bern, north carolina what is the situation on the ground >> well, dramaticcues have become a common sight after hurricane florence ripped through the carolinas leaving many citizens and businesses in a dire state this hurricane could cost between 17 billion to $22 billion. we're here in new bern, population of 30,000 this served as the home base for emergency personnel assisting in the repair and recovery efforts. the national guard has brought in a lot of heavy equipment from charlotte. we have trucks, portable water, a gas tanker to my right this truck is getting ready to make a big water tler delivery. this truck has about 100 cases of water but this is a coordinated effort you have fema, red cross, even the new york police. the nypd has come down to assist in the recovery and relief efforts. two big concerns now delaying efforts, high waters and flooding you had the river, cape fear, which crested overnight, 61 feet that has delayed the recovery efforts. transportation has become a big challenge. the other thing is power outages. we started at 1.9 millio

i'm going to send it over to seema mody in atlanta, georgia, at the home depot command center. >> anensive operation is under way here in atlanta, georgia. nearly 300 soerassociates from supply chain, merchandising, operations are working around the clock to get as much product to the affected regions and their stores in the carolinas. the big objective is getting those supplies, the ones that those consumers really need from battery powers flash lights, radio, generate ergs, even wires. getting those products to the customers and storms is the key objective in this command center over the next 24 hours, transportation will become a challenge. trucks cannot be on the road if winds sustained 40 miles per hour that's when the local distribution centers will kick in i want to bring in tad mcintosh from home depot. what are some of the challenges your assets are facing on the ground >> right now it's really just a waiting game letting the storm go through then our associates as well as our field merchandising team is waiting out there to get into the impacted zone, understand the needs o

seema modi is live in one hard hit community. good morning, seema. >> good morning, carl.to 37 the damage to homes, buildings and public infrastructure is extensive. the damage occurred on infrastructure costs has reached to 30 to $40 billion we are here in new bern, population of 30,000, this is the crown jewel, the county conference center which houses conferences, gal las, weddings and as you can see it suffered major wreckage and massive flooding here's pall krisby, what's the main task at hand? >> we are working on drying the building main objectives are to take out any wet unsalvageable materials and get the place ready for reconstruction and a deep cleaning prior to getting them back in? >> how long until this conference center is fully operational? >> might be a month, month and a half we'll have it dried up and ready for reconstruction in two weeks. >> reporter: how is this damage compared to other hurricanes >> all of them are different but they've escaped a lot in downtown everything has wet basements and main floors but it will come back. >> reporter: thank you

our own seema mody joining us now from washington with marriott's ceo >> thank you for joining us onyou glad to be here. >> new announcements from ceos like yourself unveiling these new safety features. talk to me about the timing. why now when employees have been complaining about harassment in the workplace for quite some time in. >> we're constantly evolving as an industry, a company, and that includes technology. which is becoming more and more accurate and more and more efficient. one of things we've been wrestling with the last couple of years is how do you find a technology solution to be able to call somebody when it's urgent, whether you're in a 50-story stacked high rise hotel or a spread out resort, so that the technology is simple, can be accurate so it knows that you're on the 22nd floor instead of maybe the 21st floor and of course you've got external factors in the environment that we're watching, too. we're all aware of the increased focus on this area, and we want to make sure we do everything we can to use the technology available to us today. >> here's the panic bu

rick santelli, walmart's leading the dow, intel is the biggest lagger let's check in with seema modythe floor the market is trying to make a come back after a nearly 200 drop in the dow yesterday. that was its worse daily drop in more than a month. take a look at financial ten-yr yield. the banking stock is looking to get a bounce here and getting a bit of a lift today. the market is widely anticipating a third rate hike this year. the other big topic is energy. oil prices with brent crew above four-year high and crude prices are getting a boost of oil stocks, chevron and exxon and devon energy all this while we digest the latest trade headlines with south korea and expecting talks to continue with the japanese. the biggest question what it means for trade talks over night, beijing can't negotiate while the united states holds a knife to its neck. our emerging markets rebounding nearly 2%, just in the past week, that's due to these resumed trade talks and a weaker dollar morgan stanley is removing its bearish call its president, lewis caputo resigning after four months on the job, yo

>>> i'm seema mody at cnbc headquarters tropical storm gordon set to make landfall in the gulf coast.i to look at the impact on the region and big oil >>> new details just coming out on what facebook and twitter will say tomorrow on capitol

ge to the mad dash point that jim was making, it's down another 1.5% let's get to seema mody on the floorh more on what's moving this morning >> david faber, good morning stocks are lower on this final trading day of september, but we're higher for the quarter markets have been able to shrug off a lot, trade fears, higher rates. if you look at the s&p futures, you did see a dip lower on the headlines out of italy but we are off the lows of the morning. for europe, overseas, notable weakness italian government agreed to a 2.4% budget deficit for 2019, that possibly sets the stage for a showdown with brussels that's why you see weakness in italian lenders. unicredit, tesla, sao paolo down 8% to 9% across the board. check out the global market performance in 2018. germany down 6%. china down 15% russia and ja ban hipan higher the chinese minister of foreign affairs speaking right now and talking about how the u.s. misperceives china and its ambitions. he says china is only seeking peaceful expansion and is not trying to displace u.s. leadership he touted the international export expo where c

. >> i'm seema mody inny in person, north carolina president trump touring the devastation accused byin the massive cleanup and recovery effort. the latest on the ground coming up. >> i'm aditi roy in san francisco. just weeks after cross the $1 trillion mark, amazon has hit another milestone, and it all has to do with its advertising business the news that could leave facebook

north carolina today are returning home in many cases they find their homes completely flooded seema mody is live in kinson, north carolina give me a sense of what you're seeing now that you're on the ground, seema. >> reporter: well, contessa, we are 60 miles inland from the coast and yet a number of houses here are seeing massive floodwaters that is wreaking havoc on homeowners. now, we spent much of the morning with north carolina's insurance commissioner, and he says inland flooding and a number of uninsured residents is the biggest task at hand. >> unfortunately, the vast majority of people have no flood insurance. you know, we have a population here of more than 10.5 million people, but less than 135,000 people have flood insurance. >> reporter: the state has set up an insurance camp to facilitate and process claims, but even a number of uninsured residents are showing up saying they are desperate for help. >> i'm not insured, that's why i'm out here talking with fema that's -- you know, i heard about this right here and so i came out here to see what help can i get. >> how much dam

seema mody has more. >> that's right.round the time bitcoin hit an all-time high in late december rumored started to circulate goldman sachs was looking to launch a crypto trading desk a. new report today shows that goldman is shelving the plans due to rel laer to concerns bitcoin is down 6% when we asked about more details they stuck by their statement from the past saying we are exploring how best to sever them in the space at this point we have not reached a conclusion on the scope of or digital asset offering investors were hoping goldman sachs's crypto space would provide credibility and provide access to cross examination. some experts say a delay may not be such a bad thing and a rollout could happen sometime next year. meantime traders are awaiting a decision by the pcc on a bitcoin etf which has been pushed to late december. bitcoin is trading at under 7:000. others are also trading do on this news. >>> we are still awaiting jack dorsey's q and a in the house. we are going the take you there as soon as it begins

. >> an earnings alert on pivotal software and seema mody with the details. >> reporter: take a lookafter-hours trading. what is interesting is the pivotal software beat analyst expectations on its top and bottom line, but perhaps not as big of a beat as wall street was hoping for on its revenue. 164.4 million versus the analyst estimate of 158.2 million. this is a stock that's still up over 50% from going public earlier this year. guys, back to you. >> seema, thank you very much for that now, category 4 hurricane florence is rapidly approaching landfall we'll head live to south carolina for the latest coming up. >> but, first, famed astro physicist neil de grasse tyson will be joining us to weigh in on everything from space force to elon musk there he is, ready to go "closing bell" will be back after a quick break. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that y