thank you. >> george benitez from the atlantic council. if the panel can address the question of the libyan did i as pour a. they played active role in the revolt. what role will they play in the post-gadhafi libya? >> you mean how good we are? i think we're all very good and very -- would love to see our country going back into democracy and freedom. but i believe one thing. all the did i as pour a, especially arab country will be relatively limited. i do not think the leadership, the political leadership, will come from the diaspora. there is one big problem. we live abroad. we do not know what it has meant to be for 40 years, 30 years, 20 years under gadhafi. the regime is undermined by the simple fact, the language is different. the feelings are different. the emotions and to lead the people you have to understand their emotions and stuff. i think that is a major factor related to --s that's what i meant before. leadership has yet to come. it can not be gebril, or the others that have been abroad or other people. it has to come from the

seabed off the mid atlantic ridge in order to find out whether indeed this is spec to gold and copper or are in facts contained there and if the research proves to be successful if they do find a war in the mid atlantic ridge that means russia gets the priority in the development of that field of that field is of course comes after russia has applied for this event for the research of this particular area of the atlantic ocean at the end of last year it is the first time that any country has been granted permission to explore their keeps. away from its territorial. waters in the international zone of course the south started the reasons for this were the fact that this has never been done before no countries that are applied for the development of the office in national waters until last year china has decided that they wanted to ask for permission to research for any potential galli will materialize in. the indian ocean so this of course brought forth many opportunities for other countries who are interested in develop development of such resources particularly. russia we were talkin

this shows the sea surface temperatures over the atlantic ocean. mperatures above 80 degrees to get bigger and stronger. we have 80 degree water temperature in the orange, all the way to virginia beach. the storm only has until about virginia beach to strengthen. after that, it goes over cooler water, it would weaken. the water temperatures off the ocean city, maryland are in the 70s. off of areas of new england, in some cases, temperatures in the 60s. the carolinas will get hit by most likely a category 3 or very strong 2. you can see the black center line. it is really weakening until it gets past ocean city, maryland, that's why we're expecting a devastating blow to the coast there. now, as far as the wave goes, the wave action is going to be incredible with this storm, such a big storm, so much mass and so much potential energy that will be tossed into the waves. we have 18-foot waves now off the coast of south carolina. 14 just off of wilmington. 10 foot waves off of cape hatteras as the storm nears, those big huge waves will be crashing on sho

for more than a century has zaered out at the atlantic. and over the last several days -- stared out at the atlantic this . they had to find a place to put the patients, 15 newborns, and two children. so they're really been forced to do something they never wanted to do. and it's a circumstance that they have to. the last major storm that hit this area was hurricane gloria, that was back in 1985. but really, we very rarely see something like this. six times since 18 51. >> that's pretty extraordinary. peter, can you look around safely and see who that guy is that's also been in your shot? first time i've seen another person out on the boardwalk. >> yeah, you know, i just introduced myself to him about ten minutes ago, he's a photographer with the "associated press" trying to do exactly what we're trying to do for msnbc, which is just document the potential for destruction. if you can see behind me, we pan the camera down that direction, you can see one of the police cars, they've been patrolling this three-mile stretch back and forth. and w

now, this is not the atlantic ocean, t.j. the atlantic ocean is on the other side.king at here is houses that are about underwater in places, and this is the bogue sound, you can see that. you're looking out right now at the bogue sound that has come inland here, and there goes the camera, you can feel the wind and the rain. we have waves literally racing inland. now, this is what we call reverse storm surge. the wind direction changed, t.j., so now the sound is being pushed from the west side to the east here, and driving all of this water inland here along atlantic beach. the road is impassable now in a lot of places, you can't traverse the island in many, many places, the water's getting higher. two houses down over here, t.j., the garage is about a third underwater. not this house, but that next house over. you can see as how i'm standing out here, the water is up above my knees here. so i'm literally, now, standing in bogue sound. and i can tell you that there may be places, t.j., down on the western side, where it is dry land in the sound. that happens with hu

it basically reinvigorating this storm up the mid-atlantic coastline. when you look back historically, there might not ever have been a storm to potentially take this path. it's definitely going to be historic when all is said and done despite the faktd that many might say it's a category 1. it's a very deceiving on some levels category 1 storm. >> it's huge is what it is. jeff, stay with us right now. we'll go to tom costello. tom, i understand you've seen a tremendous deterioration of the weather conditions in the last hour there. >> reporter: yeah, and i'd love to bring jeff in on this. let me orient our viewers. if you go off of my left hand, that's the south down towards north carolina, that's up towards new york, behind me is the atlantic ocean. we have seen a dramatic pickup in just the last hour. i have winds averaging 20 miles per hour. when we stepped out an hour ago, we were 10 maybe. the ocean has really started churning, and what's interesting here, jeff, and i'd love to know why and i'm sure you can explain it, the rain and wind are coming

for hour after hour, just driving the sound up onto atlantic beach under the north side of atlantic beach. they already got hit overnight with the storm surge from the atlantic coming on. we saw a lot of debris over there. now they're getting the storm surge here. if you live near the water up in new england, up in the middle atlantic states, take note if you decide to stay of what you might be experiencing. fredricka? >> john, for the most part, people did heat those mandatory evacuation orders where you are. every now and then, there are stories of die-hazard. is that the case there? >> reporter: yeah. we did see somebody in an upstairs window in one of these places here. but during the overnight hours, there was nobody on the streets here, just the police. we saw a few people out and about this morning. but a lot of the roads -- there's only one main road leading in here, fredricka. with this water that's come up, the road is actually impassable in some places. it may be very difficult if you don't have a high vehicle, an suv or something like that, it's going to be difficult to get of

the atlantic ocean to our south. as this gets closer to us, we can expect more rainfall, stronger wind gusts with and with that the possibility of flooding. some places could get a full foot of rainfall. part of the beach down here to my right has really disappeared. yesterday we were to the water's edge. plenty of sand is now gone. on this side, a lot of sea oats, grasses, with extensive root systems that are made for these big piles of sands or the dunes together being thrashed a little bit. i would say winds are around 40 miles per hour sustained. it will kick up to 60, 65 miles per hour. again, as this gets closer, i know we'll be dealing with worse conditions. the possibility of tornados. whenever you have a landfalling tropical system, when it gets closer to you, with the twist, a little bit of sheer off it is not unusual at all to have tornados form. in fact, back to 2004 with hurricane ike as it made landfall in parts of florida and alabama, 117 tornados developed across that. even as this gets closer, again,

the bahamas. i'll put this into motion. 7:00 a.m. atlantic beach, where john zarrella is, gets the eye of the hurricane. maybe to his east but close. virginia beach won't get the eye until 7:00 p.m. that is 12 hours of wind over 40 then 50, 60 and it keeps going until ocean city gets it. here's 2:00 a.m. sunday morning. tropical storm force winds already into the sound, long island sound right there, blowing into the harbor, new york harbor. water backing up the hudson river and backing up the east river. 2:00 a.m. the winds are already 39 or 40. that's when everything gets shut down because winds are going to be too big to move things around. trucks can't go over bridges. the eye doesn't get there for another eight hours. so the wind is blowing in that same direction for eight hours and will push that water into where lady liberty is back up those rivers. those rivers will flood. boston, you get it about 3:00 sunday night. one thing i just noticed, we have a hurricane hunter aircraft flying through it. here is jacksonville, here is the coast

suggest outer meterologist band of the storm hits parts of the atlantic coast of florida. not anything near hurricane force of course. the force right here in the center of the storm as it continues to move northward through the atlantic and by saturday late saturday it is expected to make lapped fall over cape hatteras, north carolina and continue back in the atlantic still as category 2 hurricane headed up to new york. new york city that is. now one of the big concerns apart from the other things that come with a hurricane is the storm surge that could hit long island with waves up to continue feet high that would be devastating. cause flooding. extensive property damage. beach erosion and of course there is the force of the storm itself. very unusual for a hurricane of this magnitude category 2 hurricane to hit new york city and surrounding area and possibly continue still as very powerful storm up in new england. continue to watch the storm for you of course and report on it during the evening. >> thanks very much. check in a little later on. fast manufacturing wildfire

this is the famous atlantic city boardwalk. and tonight it is just about empty. the governor has ordered the evacuation of four coastal counties, which could impact 750,000 people. casinos like trump plaza here have started to board up and close down one by one. >> reporter: i'm marcy gonzalez in q qens, new york. and we're expected to start feeling the effects of this storm tomorrow night into sunday. and for the first time in new york city history, mandatory evacuations are under way in several areas. tonight, the mayor opening more than 90 shelters like this for those with nowhere else to go. >> reporter: i'm david kerley in martha's vineyard, where for the past 36 hours visitors have been cutting short their vacations to get off the island before the hurricane hits. most flights have been canceled. the only way out? ferries. they've added a lot of boats to get everybody off the island in time. >> thanks to david and the abc reporters on the coast therer while some of us wait for the storm out here, others have already seen it. and no one has seen it like the m

the storm has passed. so other than that, other than that issue in atlantic city, the rest of atlantic county is well over 90% evacuated. in monmouth county, the office of merge management there has done an extraordinary job in evacuating those particular municipalities who were under evacuation orders. and including the lieutenant governor who has evacuated to an undisclosed location. so we are meeting the first requirement that you have in any situation like this, which is to do anything you possibly can to preserve human life. the best way to preserve human life from the jersey shore is for there to be no human beings on the jersey shore, given what is about to come. the tracking of the storm continues to be very ominous for our state. while there has been some minor weakening of the storm to a category 1 storm as it hit landfall in north carolina and is heading up the coast, you know, decreasing the wind speeds by 10, 15 miles an hour will make little difference to when is going to cause harm to the folks here in new jersey. we're still looking at anywhere from 6 to 12 inches of rain throughout the sta

the storm is later said to sweep the new jersey shore and past atlantic city where the casinos are closed and irene will make landfall very close to new york city. the belief is probably just to the east of the city, that is the hope, in preparation new york city ordered hundreds of thousands to evacuate. the train and bus services are shut down. millions of people who are here and do not have cars are stranded. this afternoon, the president visited the command center for the federal emergency management agency and told the workers they are doing a great job. here is a look at what they are doing. a listener on satellite sent this image. his truck is in line half mile long waiting to get loaded with emergency supplies at the air force base in new jersey. the defense secretary panetta is ordering 6,500 active duty drops to be ready if they have to help out. again, we have reporters spread across the storm's pact. and now, our cheat -- chief meteorologist. no change in intensity over land? rick: interacting with land and still with the sound but no change in intensity. what i am noticing on

people on this side of the atlantic are looking out to see what the fed has to say. but we are still seeing a lot of volatility in the markets. kyra, for example, on monday, almost not a single stock made any gains on any of the big four yearian markets. we will have to see what happens today. >> we will will be watching. thanks so much. >>> in asia, anna is in hong kong. how volatile were the asian markets overnight? >> reporter: kfollowing wall street's lead, some of the major indices plummeted throughout the day. government there had to intervene. it closed to 3.6%. similar story for japan's nikkei. it was down 5%. took back some of the losses to

mandatory evacuation in the history of atlantic city. ngs. all 11 casinos closed today. gaming floors shutdown. all hotel guests were told to get out and leave. as you can see, they have. this is a remarkable sight, the atlantic city boardwalk empty on the last friday night before labor day weekend. this evening i spoke with a top executive who told me they might have made three to five million dollars tonight len. combined with the other 10 casinos and the restaurants and bars and other businesses they may lose 50 to 60 million dollars this weekend because of this mandatory evacuation that was issued for all of the barrier islands. again, remarkable sight. normally a busy friday night. up and down the boardwalk there's not a sold out here. there are some residents who decided to stay. obviously police and emergency officials here as well. ready to respond in case of emergency, but they tell us tomorrow evening when the winds reach four if you five -- reach four fay five miles per hour or above they won't respond to 911 calls. anyone who

this is the atlantic city expressway, near egg harbor. time in history the atlantic city casinos are shutting down because of whether these people are getting away. they're heading towards philadelphia. look at those mass crowds there. they are heeding the advice about what irene could be bearing toward the eastern seaboard. technology, though, is giving families along the eastern seaboard a true advantage when the power goes out. we want to look at some of the ga gadgets that will keep people connected and safe through the storm as it moves through the northeast. joe brown is editor in chief of gizmodo.com and joins me now. if you have the ipad, the iphone, any other device that you have at home, give us the best case scenario of how we can use these to our advantage during this storm. >> information is power in this situation. the better informed you can be, the more you know, the safer you're going to be. what is great now is the internet as a whole is providing a lot more data and more information for people to look at. it starts with

i think on the monetary policy side will a reluctance to move aggressively on both sides of the atlantic it may be because the expectations they have on the economies were much better than things are turning out to be. i think we're going to have an interesting time now watching both the ecb and fed in the coming weeks giving the downgrade they are doing to their own expectations for growth. >> a lot of concern as you foe about the health of the european banking system. how concerned are you and how serious a concern is it that a european bank, a major european bank might default. >> i think that concern by itself is rather modest given how ample the liquidity available is from the ecb. but i think the weighing of continued stresses in europe, the lack of a solution by policymakers to the credit concerns could start to build pressures that don't necessarily have to work through a bank crisis but could just simply be a credit constraint and a significant crisis in terms of overall political stress in europe, feeding back over to our side of the atlantic as well. >> let's switch back to th

the system moving to the north and strip of sand that jets out of the atlantic. counterclockwise rotation the first thing happens the rain and wind and also a great deal of storm surge that is going to roll off the top half from the atlantic. then you have the back beige. you have the intercoastal water way, the sounds and bring an initial mass of water in from the back half of this rotating storm. it's a 1-2 punch they are dealing with easily the next 24 to 36 hours. pitch it back to you, jim! >> good information, reynolds. thanks. >>> new yorkers are in unfamiliar territory right now trying to get their heads around a hurricane that could swamp the city. mayor michael bloomberg is considering mandatory evacuations and his decision could come today. mary snow has the details. mary, this is kind of scary to think about, because so much of manhattan is susceptible to this kind of storm surge. which areas are likely to be evacuated? >> reporter: we are in lower manhattan which is a big area of concern because it's a low-lying area. a couple of pockets throughout the

look at how far out in the atlantic the storm is. by sunday is expected to strengthen it to a major hurricane. room to the real concern is, what will it turn? it appears, the storm will turn to the north end of this the east coast. we are keeping our eyes of a storm just for may, it is expected to turn into a major hurricane. in the meantime, flooding continued from hurricane irene. the flood waters and rivers are rising as the damage clean up efforts will take months. the death toll is now up to 40 people across 11 states. irv levin in paterson in jersey, we have seen in the river's overflow it. they have a record rainfall for the month before. the hurricane brought for their 6 in. of rain. of the right suffix county delaware high winds ripped roofs off of false. nearly 5 million homes and businesses have been without power. they are working feverishly to restore electricity. it could be at least a week, is not a month before everyone has power back in the area. >> let's get to our own local weather. we are in a cool down. >> here i

but the systems in the atlantic this year. systems that are coming from the east are basically east coast storms. the systems that have to hit texas, instead of seeing them come all the way through like we've seen before are probably going to have to develop in their backyard. this is an east coast year for the most part like 1954 and 1955 were. >> bill: all right, you're our guy and we really appreciate it. thank you, directly ahead, texas governor rick perry now leading in the republican polls, under attack by the left and we'll have a special report. and then the editor of "the new york times" on insulting christianity. >> bill: according to the gallup and rasmussen polls and a new cnn poll, texas governor rick perry now has a double digit lead over mitt romney and everybody else in the republican field. that means mr. perry is a big target for those who do not like the g.o.p. but the important question is, is the governor qualified to be president? joining us now from austin, texas, bob mann, former press secretary for ted

today is not the dinner to go the atlantic city. he day to get yourselves ready for what's going to be happening over the next 48 hours, for those who are working today, when you're done with work, making your priority to get that checklist done of the things you need to have yourself and your family ready, there's nothing that i've seen in the last 24 hours that indicates 4 is going to be any less serious than what i said yesterday. in fact, in many ways it's getting more daunting because it is barrelling down on us now. one last thing i had conversations last night with governor barbour of mississippi and governor jindahl of louisiana, to get advice from them given their experience in florida, mississippi and louisiana regarding their experiences with hurricane both preparedness and the aftermath. i also had an opportunity to speak this morning to former florida governor bush and picked his brain for a while as well about ideas and issues that he thought would be important for us to address given his experience in florida. all thre

don is a national award winning writer and a features editor at the atlantic covering the economy in american society. the september issue of the atlantic out now and also available here for sale, featured a cover story by don, can the middle class be saved? it's an essay adapted from this book, "pinched," and also end to say thank you to the atlantic for supporting this event and supporting don in his work and this particular event. pinched is about the enduring impact that the great recession has ton american life, how economic and societal norms have been deeply impacted and are being and will continue to be altered, transformed. work environments, family dynamics, and personal identities were turned on their heads and will stay that way. the scars will be in the near and distant future. meanwhile, the chasm between the wealthy elites and poor wydens and the middle class is hollowed out. communities and families suffer from the same risk. wealthy have recovered and others are shuddered. our national identity is once again shifting. with historical context by comparing this recessi

the numbers are sure to go up. atlantic city, one of the hardest-hit areas. rick levan thol is outside. what's it like there in atlantic city? >> reporter: rain coming down again here pretty hard, rick in a.c., where 300,000 homes and businesses without power. the rain collecting here on the streets and this is a storm drain. but the rain is above the top of the storm drain. they are full. there is nowhere for the water to go, so it's pooling up here. the side streets are worse than this. the closer you get to the beach, the worse the rain gets. we had to move our truck off the boardwalk because we were surrounded by water. this is up and down pacific avenue. there is one vehicle coming, it's probably a police car, that's all we have seen. there is a curfew in atlantic city from 9:00 p.m. to 6:00 a.m., that's been in effect last night and tonight, until apparently the storm passes. and... they have been pretty successful in getting people out of town. more than 90% of the residents heeded the warnings as did the residents of the hotels. more than 20,000 hotel

i am the executive vice president here at the atlantic council. thank you for joining us for this timely events entitled "to the shores of tripoli." >> gaddafi has not been captured and fighting will continue in the weeks to come. his regime is crumbling. it is by no means too early to assess the implications of the toppling of yet another arab dictator. the name of the event today boroughs in a play on words. however, the revolution, libya is no game in his demise comes at the hands of libyans rather than u.s. marines. the collapse of their regime after six months of conflict is a historic event and a pivotal and in the arab awakening. it seems that east -- that each august, when policy makers take a break from the grind, the world events just will not cooperate. earthquakes and hurricanes notwithstanding, this august is no different as well seen until recently as a stalemate in north africa is rapidly turning into the reality of the post- gadhafi libya. some of the council believes what is unfolding in the middle east and north africa is the four

but the systems in the atlantic this year. systems that are coming from the east are basically east coast storms. the systems that have to hit texas, instead of seeing them come all the way through like we've seen before are probably going to have to develop in their backyard. this is an east coast year for the most part like 1954 and 1955 were. >> bill: all right, you're our guy and we really appreciate it. thank you, directly ahead, texas governor rick perry now leading in the republican polls, under attack by the left and we'll have a special report. and then the editor of "the new york times" on insulting christianity. ♪ ♪ ♪ [ male announcer ] the most headroom per dollar of any car in america. the all-new nissan versa sedan from $10,990. innovatiosized. innovation for all. are switching from tylenolday, thto advil.f people from $10,990. here's one story. i'm sean. i switched to advil 10 months ago. cyclists are a crazy bunch. when you're out there trying to push to your limits, you have some pain and it can be really vici

he's a national award winning writer and a features editor at the atlantic and she covers the economy and american society. and actually the september issue of the atlantic, which is out now and also available here for sale features a cover story by don can the middle class be saved it's an essay adapted from this book and also i'd like to say a quick thank you for your the atlantic further help promoting the season for supporting bonn and his work and in this particular event. so, pension is about the enduring impact the the great recession will have on american life they've been deeply impacted and subsequently are being and will continue to be altered, transformed those working dynamics, personal identities have been turned on their heads and likely will stay that way in the past several years in other words will remain in the near and distant future. the elite and the rest widens and the concentration of the wealth her further hall of the middle class and they suffer from the same raft and they have recovered and have always remained shuttered. our national identity is once again

you can't even see the atlantic. it's so whipped up by the storm.eral more hours we'll see significant flooding and people ain are told to stay home out of this. lots of folks losing power. 10,000, maybe up to 30,000 are currently without power. i think you guys should mention this but it's a fantastic anecdote. 100 miles south of here, 12 babies were e rn in the midst of irene and apparently a couple of them will get the middle name thankfully of irene. >> it's a good tidbit. matt, excellllt reporting. almost lost your balance there but recovered strong. we really appreciate it. bianna, over to you. >> all right. well, irene is the first hurricane to hit the u.s. since president obama took office and homeland security janet napolitano is joining us right now to talk about what federal officials are doing to prepare and to respond. good morning, secretary napolitano. we really appreciate your time this morning. >> good morning. >> what are you most fearful right now as we're talking about hurricane irene making landfall? >> well, there's been a lot

we are just now seeing the atlantic ocean recede. and that's the way it looks here right now. >> debbie, the fact that the storm has weakened over the course of today, do you think that's encouraged amount of folks around the area to just stay in the area and not evacuate? >> no. they stayed put. as a matter of fact, i talked to a man who said he built a concrete house so he never had to leave in the event of a hurricane. can you believe that? in fact, we're actually seeing some folks who are living north carolina and virginia and coming this direction because they know essentially that we are seeing just tropical storm force winds. eventually that will move on out. in fact, you can see the sea oats behind me are barely moving. so i'm hoping that this is the worst of it for us here along the south carolina coast. >> let's hope so. debbie, appreciate it. tonight new york, of course, is planning for the worst. that's what you have to do in a big city like this. public transportation in the city will begin shutting down noon tomorrow. fi

but irene will remain a hurricane as she travels up the mid-atlantic coast even as the storm is expected to lose more strength as it hits land. strong winds are extending 100 miles from irene's center. at least 60 million people are in irene's path including 3.5 million residents along the north carolina coast where the storm is expected to make landfall later this morning. let's bring in jeff who's been tracking the storm. what's going on with it right now? >> we're seeing it getting close to landfall along the outer banks of north carolina. for those of you in the north carolina area hopefully you have evacuated because those outer banks are getting lashed right now. the winds are at 100 miles per hour in the center of the storm. you can see it winding up on the radar as we've been showing you. there's the ie wall at the -- the eye wall at the bottom of your storm. it's 37 miles away down here from the coastal areas just off to the east of jacksonville, north carolina. look at the winds right now. wind gusts in cape hatterras at 84 miles per hour. you are starting to feel the impacts o

and yesterday, the fed reported a dismal drop in mid-atlantic states. more bad news for bank of america. it's cutting 3500 jobs as part of restructuring that could eventually eliminate thousands more down the road. and it's the end of the road for hewlett-packard's smartphones, tablets and pcs, as it exits most of its consumer-based business. >>> well, at a time when so many people are looking for jobs, it's really hard to believe there are companies with open positions and no one to fill them. it's the result of something called the skills gap. nbc news senior investigative correspondent, lisa myers reports. >> reporter: even with 14 million americans out of work, the industrial giant siemens is having so much trouble finding qualified workers that for the first time, it's had to hire recruiters. the ceo argues that unemployment remains painfully high, not solely because of a lack of jobs. >> well there are jobs out there, it's that we don't have the people that have some of the skills that are required. >> reporter: it's known as the skills gap, a gap

the ground as well. i think we have a video out of atlantic beach, north carolina, that i wanted to show you. that is one of the places in which we've had the most dramatic video this morning. look at that. look at the gushing throughout the streets. i'll tell you, our own people spread out throughout the country are getting us some amazing imagery this morning. i want to encourage everyone, if you are in a position to safely, safely take pictures and video, which our staffer was, then go ahead and share it with us at ireport on our main page at cnn.com. we have a lot more coming up. and we'll show it to you as it comes. >> thanks so much, josh. see you throughout the hour. we're in a new hour right now. 1:00 eastern time. i'm fredricka whitfield at the cnn world headquarters in atlanta. hurricane irene is ashore, particularly on the north carolina coast. as many as 65 million people all along the eastern seaboard are going to be impacted in some way, shape or form by irene. and many people are already trying to find shelter where they can. take a look at the size of this storm. eight states f

pepco is in the mid-atlantic. integrys is in the midwest. and duke in the south-east. all are electric utilities paying shareholders over 5% dividends. we mentioned dominion resources as one to watch today. yesterday's east coast earthquake forced it to shut down one of the virginia nuclear power plants. despite that, shares rallied 2% along with its sector. also yesterday, we reported on back-to-school sales, both for retailers and technology firms. computer memory maker micron today warned demand for computer memory may continue to drop. volume almost doubled while the stock fell more than 6%. the sell-off takes micron to a new 52-week low. speaking of technology, semiconductor equipment maker applied materials turned a better-than-expected quarter after the close today. it beat estimates by two cents per share. shares have been trending lower since the springtime. here it is. they were down a fraction before the news and fell another 4% after the close. the c.e.o. warned he sees the chip cycle beginning to turn down. and a couple of clothing and that's tonight's "ma

the week. shaban is in atlantic city with the latest. good evening. >> reporter: here in new jersey, 650,000 people are still without power and along the jersey shore more than a million have been evacuated. and the strong winds, they're still here. irene's eye may have passed new jersey, but the storm's outer band still have its sights set on the state. the governor says threats of flooding could continue for the next two days. >> some rivers haven't crested yet and it's still raining in various parts of the state. >> reporter: in atlantic city irene's storm surge overflowed the barrier island's back bay. sending water into some neighborhoods but not nearly as much as what many feared. >> we are a block from the ocean, a block from the bay. we thought it was going to meet, and as you see on the street, there's nothing. so we are very, very lucky. >> reporter: in northern new jersey, floodwaters nearly swallowed cars. cbs news early show anchor chris wragge spent nearly 24 hours driving along the jersey shore. >> you can see now we've go

we've heard about this storm surge that's coming off the atlantic ocean going through the chesapeake to feed the potomac river mind me. at possibly 8:00 a.m., the water could break this dock where i'm standing and go into the city. now, the city of washington, d.c., there's a state of emergency as there is in the commonwealth of virginia. folks over there are holding tough. there is a worry about losing power. residents have been instructed to expect to lose power tonight and to watch out for falling trees. there's still a long way to go. but as you know, washington, d.c., alexandria, virginia, a lot of homes built around a lot of trees. people holding their breath that it passes through by 8:00 a.m. tomorrow. >>> luke, thanks for your reporting all night. while there is a long beach, famous one in california, we also have a long beach here in the new york tristate area. it's on long island and specifically forecasters believe that what passes for the center of irene is going to make landfall on or near long beach, new york. al roker has been stationed there all evening long. al, goo

so we're just now seeing the atlantic ocean recede. e way it looks here right now. >> and debbie, the fact that storm has weakened somewhat over the course of today, do you think that's encouraged a lot of folks around the area just to stay in the area and not evacuate? >> no. they stayed put. as a matter of fact, i talked to a man who said he had built a concrete house so he never had to leave in the event of a hurricane. can you believe that? but in fact, we're actually seeing some folks who are leaving north carolina and virginia and are coming this direction because they know essentially that we are seeing just tropical storm-force winds and eventually that will move on out. in fact, you can see behind me it's barely moving right now. i'm hoping this is the worst of us here along the south carolina coast. >> let's hope. so debbie, appreciate it. debbie charred >>> tonight new york is planning for the worst. public transportation in the city is going to begin shutting down at noon tomorrow. first time i've ever seen that as a lifelon

so we're just now seeing the atlantic ocean recede. t looks here right now. >> and debbie, the fact that storm has weakened somewhat over the course of today, do you think that's encouraged a lot of folks around the area just to stay in the area and not evacuate? >> no. they stayed put. as a matter of fact, i talked to a man who said he had built a concrete house so he never had to leave in the event of a hurricane. can you believe that? but in fact, we're actually seeing some folks who are leaving north carolina and virginia and are coming this direction because they know essentially that we are seeing just tropical storm-force winds and eventually that will move on out. in fact, you can see behind me it's barely moving right now. i'm hoping this is the worst of us here along the south carolina coast. >> let's hope. so debbie, appreciate it. debbie charred >>> tonight new york is planning for the worst. public transportation in the city is going to begin shutting down at noon tomorrow. first time i've ever seen that as a lifelong new y

the approaching storm scared atlantic city casinos into shutting down. husetts governor issued state of emergency. utilities are putting together quick response teams, if, i think more likely when the power lines go down. we just heard mayor michael bloomberg announce mandatory evacuations. susan candiotti is at smith point county park. susan, you are -- where you are, are people being told to evacuate there? >> reporter: they will be. it's a beautiful day to be out here on the beach on fire island, which is a 30-mile long barrier island on long island south shore. people are out here at the beach. but things are starting to get serious. as of this hour, there are mandatory beach-side community evacuations being ordered for anyone living on this barrier island. starting tomorrow morning, about 8:00, officials tell me they're going to call for a mandatory evacuation for people living on the mainland side of this barrier island. so joining me now to talk about that, two people who live on the mainland. kevin and christine church. have you decided whether yo

look at the live pictures. that's atlantic beach, north carolina. orm was expected to make landfall in an hour or two just east of this area. in all, listen to this, 2.5 million are under evacuation orders along the east coast. officials are suspended mass transit today in new york city. that is a first. also in parts of new jersey and philadelphia the storm was expected to make a second landfall sunday around noon eastern time directly over new york's long island. airlines they have cancelled at least 6100 flights through monday krounding hundreds of thousands of passengers across this country. the storm could strike major airports from washington, d.c. to new york as well as boston being hit with heavy rains and dangerous winds. joining me on the phone is the town manager of duck, north carolina. a good morning to you. give us an update of how things are going? >> things are going well right now. the storm hasn't really hit us yet. we are experiencing heavy rain and the winds are beginning. we expect the hurricane force winds to begin around noon w

on one side is the sound and the other side is the atlantic. if that storm goes to the west, it will be pushing water because of the clockwise flow of the hurricane from the atlantic and also from the sound right here. taking out roads, flooding homes. that could be a disaster. and the county manager says that's where the current track has it going. and that is a lose-lose situation for this area. that is why they are urging everyone to leave the area. the tourists left today. the residents are expected to leave tomorrow, a mandatory evacuation. some say they are going to stay. but they are being told if you do that, you get in trouble, emergency managers, ambulance drivers and all that, won't be able to help you. you're on your own. >> do you get a sense of what the percentages look like in terms of permanent residents there leaving as opposed to choosing to stay, and how officials are urging them to get out? >> to answer the question a little more broadly, most of the tourists are going. it looks like they are cooperating. as for the residents

now more than ever, the atlantic community's response cannot be the united states alone.urope, despite facing its own economic crisis, has more at stake and more proximity and must be engaged. today's discussion hits at the nexus of the work of the atlantic council and three of our flagship programs -- a center for the middle east, the international security program, and the africa center. at a time of dramatic change across the region, the atlantic cod -- atlantic council launched its program for the middle east focusing on the links between political and economic change and developing concrete policy for this transformational change in the region. named for the slain prime minister, it reflects rising above sectarianism, promoting innovative policies for political liberalization, sustainable conflict resolution and promoting regional and international integration. the aim of the center, through its analysis and projects is to more closely bind together the middle east, europe, russia and north america. furthermore, the council's international security program has long b

it is expected to become a category 3 storm by thursday, riding up the atlantic seaboard. rst landfall of this storm could be here near north carolina and maybe a second landfall up in new jersey. so this may have two landfalls here. tonight, mild to upper 60s here. and for tomorrow, instead of close to 100, we're going to back things off to the upper 80s here in the south bay. it's a tricky forecast. 79 in santa mayo. 71 in san francisco. it's wednesday tomorrow. you can see up here in the north bay, we're going to find temperatures in the upper 80s. morning time on the weather channel and cable and you can see in our seven-day forecast, mid to upper 80s here inland with 60s at the coastline. so that's what we got for you. >> finally it's like august. >> sure. >> >> up next, why mother's last wish helps the fbi find a fugitive. [ bailiff ] fee court is now in session. 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 h

more than three days after hurricane irene plowed up the atlantic coast it's clear most of the worst damage is inland. the storm is blamed for 44 deaths in 13 states, 2.5 million people still don't have power and just west of nrk city, several of new jersey suburbs remain underwater, rescue crews have saved nearly 600 people since the floods hit. yesterday the pasaeic river was 13 feet above flood stage. it may begin to recede today. >>> in vermont dozens of towns are cut off from flooding, there's no power and food is starting to run out. supplies are being flown in by national guard helicopters. some 250 roads in vermont were closed because of the storm, along with 30 highway bridges. jessica stone is in washington with more. jessica, good morning to you. >> good morning to you, terrell. what's amazing in vermont is that some of those rivers still haven't crested. emergency management officials were there yesterday out of washington. today they travel to new york and new jersey to witness the historic flooding there. the swollen pasaeic river has taken over row after row in houses

on the other side, the other side of the atlantic, europe is in an equal mess. we like to say europe is much worse. actually both sides are competing for the prize now. europe has a financial crisis and big divisions between countries in the south like greece and healthier economies in the north like germany and they can't decide what to do. it's a stunning lack of policy and leadership on both sides of the atlantic right now. in the meantime, the whole global economy is being shaken from china and other economies. we have no policies to address this. on the foreign policy, it seems we are floating along as if it's the 1980s, 1990s, the u.s. runs the show, we tell this one to go and this one to go. under it all, we can't hold our own budget together and the economy is in a fre fall. there's no plans. it's the lack of clear plans and confidence right now more than the specifics undermining the markets and undermining business and leading to the possibility we are going to go back into a recession. >> melissa, the president is going to put forward a plan. the jobs