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Transcripts For CNBC Closing Bell 20121029

Coverage from every angle of this story. Todd gross is here with us at battery park city, we have Mary Thompson from the port of baltimore, Brian Shactman is on long island. Kayla tauche in cape may, new jersey, and we will be navigating the carnage for the next two hours. It is expected to pick up in severity in that time frame. Lets start with the big picture from todd gross. Todd, where is Hurricane Sandy although this moment. Tell us what comes next. Less than 100 miles to the southeast of Atlantic City. In fact, breaking news for you. The storm is accelerating to the point its likely to cross the new jersey shoreline by 7 00 tonight. If it does so, it means we may get rid of it a little earlier. It also means the impact will be that much greater. The storm about to slam in from the east into new jersey. This is a really curious storm. Ill explain why. The latest 940 millibars. What does that mean . It means its a deep storm. If it transitions to a nontropical system, a nonl hurric

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