Lemonis theres massive devastation. This is a street. An entire main street underwater. Oh, my goodness. I met the mayor. We toured the city the only way we could, by boat. Its okay. Roads closed and businesses wiped out. Look at this. Kim oh, my god. Lemonis . A severe burden on the local economy. Peter so im on the city council, and so we are gonna have some serious budget problems like never seen before. Lemonis and with relentless rain, well, its paralyzed this town. Man 2 what i was afraid of. Lemonis as for the people who live here, theyve had enough. How do you recover from a disaster like this and restore enough hope that people who live here dont abandon everything . The reason that i wanted to come to the Mississippi River is, as i think about it, it almost feels like the most important freeway in america, right . It goes from minnesota all the way down to new orleans. Its how Farmers Transport things. Its how ships get up and down throughout the country, and its, quite frank
Lets start with some Retail Therapy and if youre a shop owner you probably need it. A new report says top destination shopping streets can still thrive in select parts of new york and london. But this is a far cry from the rest of the Retail Sector which can feel like its fighting for survival. According to a recent prediction, amazon is expected to control nearly 50 of the us e Commerce Market by the end of the year. It also became the Worlds Largest retailer this year, surpassing walmart. In the us, 2019 has been dubbed the retail apocalypse some 8,600 stores will have closed by the end of this year. Its a pattern thats being repeated elsewhere. |n the uk, 1,234 high Street Stores shut in the first half of this year. But shops are starting to move away from just selling things they are begining to offer an experience instead. From things like pop up shops, where customers can try out products, to technology firms, like samsung and apple, who are offering a Customer Service like the g
Abb shares get a boost as ceo bjorn prepares to assume the top job taking over from acting ceo peter in march. Campaigning from the cabana. Takes to the beaches of italy to push his snap Election Agenda but denies hell run an ant antieuro ticket. Persian Gulf Shipping lanes as well. Well take you aboard the uss Abraham Lincoln to find out what theyre doing to deter teheran well, good morning, everybody. Were starting the week with a positive tone. You can see right behind me broadly speaking were actually up in the green. Now, remember last week was an extremely volatile week. By the end of the week we had wall street indexes all three close in the red for the week, although much up from the lows asian equities as well europe, all the action on friday was on the italian index ftse mirks b was done 2. 5 Percentage Points on friday. Today were seeing a better tone to italian assets. Ftse mib is up. 6 percentage point. Generally speaking the mood is a lot more positive as we start off the
2. 39 and nasdaq worse its all about the bizarre action of the bond market. You got to remember the bond market is a lot larger than the stock market even though unemployment is at the lowest level in 50 years. Something disconcerting happened with bonds earlier today the benchmark tenyear treasury had a lower yield than the twoyear. Thats a highly unusual setup. Havent seen it since the Great Recession of 2007. We have memories the yield in the 30year treasury has fallen to record lows again that is piercing as bond yields fall off a cliff, they are taking the stock market with them. Why . Because of president the bears will say any team we see treasures like this, a recession follows. So even if things seem fine in the economy now, there is a wide spread fear they wont stay that way and things could get worse in the future. Now, i think that could be a misread of the current situation, but i can no longer dismiss these concerns given the pronounced moves in bonds we saw monday and to
And im julie haener. The fire started alongside a highway and was caused by human activity of some sort. The flames spread from the grass to pacheco mini storage near buchanan field. Live coverage tonight from ktvus amber lee. Shes at that Storage Facility and has been talking to witnesses and fire officials, amber . Reporter julie, witnesses including the manager of the Stores Business tell me the fire caused quite a scare. The dry vegetation and weather are factors. About 2 45 tuesday afternoon winds whipped up a twrasz fire that started along highway 4 near interstate 680 in pacheco. It burned quickly, spreading to pacheco mini storage. It burned the area where a homeless man had settled. Couldnt get my bike. I lost all my hard drives. I lost my laptop. My camping gear. Reporter the manager of the storage business tole many eshe saw the flames while in the office and called 911. 49 units were destroyed. There are others damaged by smoke and water. She says customers store a variety