Looping back around heading back out into the sea possibly restrengthening and doing a second landfall near houston. So we are talking a very prolonged period this is all the way through the next four or five days that this storm is going to be bringing rain to the coastline of texas which is why we are talking very very high amounts of rain. From Corpus Christi up to houston. 15, 25inches of rain. Thats the big concern about flooding but there are other concerns with this storm. The surge six to 12 feet from Padre Island National seashore up into sergeant, texas and winds 74 Miles Per Hour or more. Thats that Hurricane Force winds. Very scary and then theres a severe component guys they could be seeing tornadoes as we head through the next few hours. Ill be keeping track of it, as well as our forecast back here, guys, looking absolutely beautiful. Its tough to talk about texas want theyre expecting down there when its so gorgeous out here. Well check in a few minutes. Thanks mon any k
The markets suffered a correction. The more concerned some investors become. Despite this the next guest says investors should get invested and stay invested in equities. Hank smith is chief Investment Officer who manages 6. 5 billion in assets. Welcome and thank you for sharing your insights with us but i got to be the contrarian and the contrarians have been wrong since january saying Global Market will lose steam and get a correction and we havent seen it yet. Even julie we will so isnt it time to take profit . Eventually we will but at higher levels. Therefore you are not doing yourself any good. Lets forget that the market is up 26 this year and lets focus on this. The economy is expanding, profits are rising, Balance Sheets are in exceptionally good shape, we are flush with cash, valuations are reasonable, not attractive or undervalued. What is not to like about that scenario . Dennis in the past earnings season we have seen some companies missing on revenue. Earnings they are ma
Of this data breach. Target the newest victim of an attack, a data breach on tens of millions of target shoppers, the credit card number, the actual information on the card stolen around the black friday holiday, and were talking about in the stores, not online. Connell the secret service is involved and so is rich edson who joins us now. Reporter well, if you shopped at target recently and used your credit or debit card, check your statement. A massive data breach between november 27th and december 15th potentially affecting all u. S. Stores, not online shoppers. Affected information includes name, card number, expiration date, the cvv number, the number on the back of your card. In all, the company says the scam hit about 40 million debit or credit cards. The wall street journal reports the hackers gained access to data that is stored on the magnetic strip on the back of the credit or debit cards, and in the statement is company says target alerted authorities and Financial Instituti