From texas Lieutenant Governor dan patrick with us. Plus Committee Chairman congressman mccall is here. Also the fallout from the pardon of sheriff joe arpaio. Was it the right time to make this move . We will talk to a congressman about that. Tough reelection battle, arizona senator jeff flake takes on President Trump. Will that tactic score many points against his g. O. P. Primary challenger dr. Kelly ward . As we look ahead right now on sunday morning futures. And we kick it off of course were watching a very dangerous situation unfolding as we speak this hour in southeastern texas. Houston, the nations fourth largest city, inundated with widespread and catastrophic flooding. Over 1,000 water rescues performed there overnight. So far at least two have been confirmed dead. The number is expected to climb. Emergency responders are simply overwhelmed. Officials are telling people in the houston area to call 911 only if you are in a lifethreatening situation. If your life is in imminent
Market impact on Hurricane Harvey. 5 , the futures up highest level in two years. Texas is the largest cotton producer in the u. S. The next two indexes are interesting as far as what is being mortgagebacked, products or production. The higher this goes, the tighter we see the Product Market. The second is the vti versus signifying more production in the u. S. , meaning lower as it comes down. In texas, floodwaters overwhelm houston as Tropical Storm harvey inundatess texas, southeastern texas. Us is our commodities managing editor. In terms of the houston damage, this is unprecedented. If you are familiar with houston, this is a place that tends not to take water terribly well. In terms of the industry itself, we are starting to see refineries shut down as the storm moves west to east. Alix as far as the refineries shutting down and crude reduction, that is well known in the market. What is not talked about as much is how important crude exports are two men support. To mexico. They ha
It is raw and, yes, it is sometimes inspiring. Your money is affected. Refineries are shutting down, and that is cutting the supply of gasoline. Prices are rising. How many drivers nationwide will gas up as a precaution today . Just like they did after katrina. And, yes, there is a political element as well. President trump says he will go to texas tomorrow. Should he go in the middle of the rescue operation . He will want to avoid the negative publicity that greeted president bushs flyover after katrina. There you have it. Cando texas, perhaps the most dynamic state in the nation, hit with a catastrophe. President trump faces his first Natural Disaster. Watch it here. Varney company is about to begin. Stuart you are going to be seeing a lot of video like this on the lefthand side of the screen and a lot of weather maps like one on the righthand side of your screen. More rain is coming, and rescue operations are, indeed, underway. I should tell you, it is still raining in houstonen x t
Thats where you should be. Back to the carquinez strait. And 80s in napa and sonoma. Theres another trend towards hotter weather. Happy tuesday everyone. If youre getting ready to head out the door. The usual suspects on 580. Big drop 15 miles per hour. Once you get into livermore youll be at the limit again. 27 minutes between 205 and 680. No delays antioch to hercules. 101 heading to the north way is looking good. And no delays on westbound 37 as you make your way between 80 and 101. Thats a check of the traffic. Back to you, kenny. Conditions from Tropical Storm harvey could get worse today. This is a live look inside an emergency shelter. You can see all the people there packed in like sardines at this hour. Thousands of people are staying in shelters like this one all across the region. The National Hurricane center says that heavy rain is expected again today which could cause more flooding in Southeast Texas and southwestern louisiana. The hurricane could make landfall again tom
Economic losses of 42 billion, something not to be possible. Up 12 billion from monday. The trip follows the potentially surpassing Hurricane Katrina in 2005. Secretarygenerals meeting yesterday in jerusalemit less than 30 of harveys losses are likely to be covered by private insurance. Life flooding will continue in southeast texas, according to the governor, and he is urging residents to listen to state and local officials and spoke on radio stations in san antonio and corpus christi. Trumps 2020 Reelection Campaign urges supporters to donate to Disaster Relief efforts for Hurricane Harvey. The email urges people to help fellow americans in need. President says he hopes that the administrations response will be regarded as a model. At a briefing with texas officials, Governor Greg Abbott called the response so far very effective, to which the president replied we will congratulate each other when its all finished. Global news powered by 2700 journalists and analysts in over 120 count