Coauthor of the case shiller index. Lets get right to the heart of the action as we continue to survey the field here and again this is a a historic storm. It is historic for many reasons. Particularly the damage its done. Lets go to jeff flock. Hes in Point Pleasant beach new jersey new jersey. Im wondering if the homeowners are coming back to their houses now and trying to assess the damage. Jeff just talked to a couple of people. People have been waiting in and out. Theres a guy down there in boots. Some people have waded through in bare feet, believe it or not. I talked to one guy who came in in a boat, rode in a boat and surveyed his house, rode back out. Theres no other way to get in. They have cut off access. In fact we cant get out. Jimmy, spin around and show them our truck, if you would. Those are our trucks that we use to transmit our signal if jimmy plans more to the left, you see the sand in the road. Look at that sand. Number of folks have gotten stuck in there. We cant get out to the main road because theres so much sand in the city treats. That is going to have to be moved. In the city streets. That is going to have to be moved. Theres a lot of work to do. Liz the sand is down 2 blocks. More than that, 2, 3 blocks beyond that. There were rivers of water of sand last night. David but one of the deaths, at least one that we can report on in the new york area was somebody who stepped into a pond that had a downed power line in it. The person was electrocuted to death. You may want to pass that warning on to the people that you saw in bare feet. Jeff fortunately the power has all been cut here. And thats one good thing. These ocean front communities, they cut the power before they start to lose it just so that sort of thing doesnt happen. Liz jeff flock live there in Point Pleasant beach new jersey. As you see, some of the pictures here, and jeff, i dont know if you have heard about the aerials that we have gotten in on Atlantic City, new jersey. Jeff ive seen them, dramatic. Liz blocks and blocks of homes, first and second floor completely swamped. Look at the sand here. Bunched up against homes. You can see all of the terraces completely destroyed. You are looking at a bunch of homes that are on that level, sort of on the coast. This is Atlantic City, david. And jeff, you can see this as well in your monitor. It is just a horrible situation with firefighters rescuing people. This of course was at the height of the storm when you could really see the action. But reports of people seeing fish floating on their kitchen floors. It is just it is stunning, and that as jeff said, blocks from the actual ocean. David 85 of Atlantic City was flooded. 85 . It just begins to count up the damage, the dollar damage of this storm, which clearly is going to be in the tens of billions if not hundreds of billions. Jeff, theres nothing that can replace the people that have been misplaced and in fact 29 deaths. What about the hospitals . We had an awful situation here in new york city where nyu hospital, one of the biggest had to be evacuated. A couple of other facilities close by, like bellview hospital also had to be evacuated. Any of that going on there . What about the hospitals . Jeff fortunately most of this was confined to the shore area and the areas near the atlantic so thats not so much because the hospitals are located a little farther west here. I dont know about Atlantic City in terms of the hospital situation. I knew they were talking about it as the new orleans of new jersey. It really could be bad there. Thanks jeff. Liz equity markets heres the deal on that, as far as we know, they are preparing to open tomorrow for the First Time Since friday. Nymex Trading Floor will open only contingent upon whether the zone a area, thats at the very lower part of Lower Manhattan is lifted. As far as the evacuations are concerned. But some futures trading is still remaining up and running. David but the question is what happens when the markets open . Theres been a lot of activity for individual companies and stocks. Liz was just reporting on disney, possibly getting lucas films. Theres also been some big news with regard to apple. Want to bring in scott bauer at the cme group. Scott, lets start with apple, if you dont mind. There was a big management shakeup there. The head of the Software Division who refused to sign this letter of apology concerning the map app and the dysfunction there, resigning or being let go. Is all of this going to affect that downward movement that we saw in the stock last week . You know, i actually think that the extra day or two off in digesting this news in apple probably will keep apple as one of the few stocks with less volatility tomorrow. Apple has a history that when one of their executives, you know, makes a mistake or becomes the fall guy, theyre out. So this is not something new to apple. Now, if this would have just come out, you know, overnight and stock trading would have been yesterday or today, we probably would have seen a move in apple. But i think now that the market has time to digest this, theyre going to fix the problem in house, like theyve done like their track record is, i actu actually think that apple will stay pretty stable on the opening tomorrow. Now, i dont think so in many other sectors, but for apple particularly, i dont think were going to see a huge move. Liz how about this for a huge move, walt disney is reporting that it will buy lucas film, of course the owner of all the star wars movies for about 4 billion dollars. They will be absorbing all of the lucas film employees. They are going to get all the star wars movies. They will utilize star wars in other businesses. Disney is genius when it comes to marketing extensively. They will be using that in other businesses including their parks and resorts, games and the television business. This has got to affect that stock tomorrow. So its very frustrating for people who werent able to get in on purchasing some of these stocks because equities were closed. Do you expect a back up of trades . Are you worried at all that there might be some problems, the likes of what we saw in the past . Heres my concern, is that the retail guy, you know, the public that wants to buy or sell a stock tomorrow, i would absolutely suggest to them let the market sift out whats going to happen. Do not participate the first hour or two of trading. Let things settle in. I do believe that were going to see just massive volume tomorrow morning, hopefully there wont be, you know, any sort of flash crash. I dont think there will be. There will be massive volume which in turn is really going to spike volatility in some areas. So for, you know, the guy out there that wants to buy 100 shares of disney or wants to sell, you know, 10 shares of apple, let the market settle in. David okay, ford motor company, focus in on another stock that reported some extraordinary earnings that they have been making, 1. 6 billion Third Quarter profit. Do you think ford is going to be focused on as a pick . I do. I do. I think that the whole Auto Industry has actually been pretty strong, but ford, this was just complete, complete blowout. I mean this is signalling, you know, maybe a huge recovery coming on in not only in that industry, but for ford. Theres going to be huge volume. I would expect that stock to be up a good 10 tomorrow. Liz okay, scott, it is really good to see you. Thank you very much. Scott im sure will be at the ready watching the trading. But it does become a concern here because lets just take facebook for example. The volume was very very heavy for facebook and it ended up shutting down the exchange because they couldnt manage to handle it over the nasdaq. The question becomes that was one stock. How about the volume coming in from two days of closing. David whether its apple or ford, we heard scott say ford might get a 10 jump. When you see that on one stock and not taking into account Everything Else we have been talking about, you add all that in, the volume will be immense. Storm sandy has destroyed homes all over the eastern seaboard. Its not just new york. What impact could the rebuilding efforts have on the Housing Market . Will it give a boost to an already recovering market . Carl case, the coauthor of the case shiller index will be joining us with some information youve got to hear. Liz and some six 16,000 flights have already been cancelled due to the storm, nine airports including jfk, la guardia and newark still closed. What does it mean for the Airline Industry . And when could we see things return to normal . The story from jetblue, the chief operating officer joining us. David also after many were forced to close their doors for the week, how are restaurants dealing with with the aftermath of the storm . The ceo of dine equity, the owner of applebees and ihop restaurants all over the country, she will be joining us with the latest of the impact on restaurants. Thats coming up right after this. [ male announcer ] this is steve. He loves risk. But whether hes climbing everest, scuba diving the Great Barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesnt nickel and dime him with hidden fees. 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Hurricanes and the grounding 16,000 flights closing nine new york city airports. Liz what does a disaster of this magnitude have on the Airline Industry . Lets go from the industry macro to micro to jetblue. The c o o of the jetblue airways, everyone is saying jetblue is acutely affected if not the most affected because of your big hub is at jfk and laguardia and you have light everywhere up and down the eastern seaboard. Operations going . Definitely not going up and down the eastern seaboard but tonight we begin the slow process of bringing our aircraft back to boston and we will Begin Operating a couple departures there for new york, as conditions continued to change particularly with the flooding out of la guardia, the lack of power and facility damage at newark and flooding on the runways at jfk we will be delayed in our start up and as i sit here this afternoon what the team is working on is bringing back operations. Half of our departures thursday into jfk and we will be a little bit of weight and see with newark and laguardia but the Port Authority doing everything they can to get the runways clear and the infrastructure to operate. Dave where were your aircraft . Were any of them damaged . Fortunately our preplanning like the mta, moving subways and getting out of harms way we are prepared on saturday and began to air live aircraft on sunday. A lot of them in florida and the midwest we wanted to get a lot of harms way because the last thing we want to do with such an asset and our people, state and secure well in advance of the storm, we have no damage there. Liz it is not over. It is hitting cleveland and chicago. That continues to affect airlines but if jetblue offered customers who had to cancel are they offering anything like cancellation fees . If jetblue is anything we are flexible and customer friendly. We are going to be extremely generous with our customers in terms of revoking their plans and the First Priority when we get back up and running is to get stranded people who are at their midway point back home. We are currently looking at getting 100 of our schedule back online by saturday and that is a function of how complex it is to get all the pieces back together, all the air crews back where they need to be an crewmembers who work in airports operating again. It will take a couple days to get back to normal. Liz dave hopefully most of those people who had to cancel their flights during the storm are rebuilding but not everybody will. Theyre must be a cost to visit you add it up. Too worthy to think about the total net effect of this from a revenue and cost standpoint but when something has this large a magnitude will have an impact but being behalf glass full people we are we think of we do things right now people will come back over their vacation period. Liz you expect it will. This is a stockmarket question. Affect the bottom line . What are you anticipating . We are still going through the callie list. Until everything is back to normal we wont be able to get an unofficial tally but there is a revenue impact but i would also say with the jet fuel being as expensive as it is today, 3. 25 a gallon we are saving money by operating as well. It will definitely be a hit to the company but we hope it will be minimal given the middle of the week impact because we are definitely such a weekend airline. Dave jetblue is a part of the whole northeast United States, new york and boston. Best of luck. Thanks for joining us. Liz our restaurant handling this . Huge demand. Some have been closed but along the east coast they were forced to shut their doors due to superstores sandy. How will affect their bottom line . The ceo of dying equity, operator of 2,000 appleby is and i hop restaurants showing us live. Dave the latest case schiller index showing home prices gained further traction in august with the latest storm keeping the recovery going as homeowners looked rebuild or the opposite effect . The coauthor of the s p case schiller index live in a moment. Dave new york has been like a ghost town the past couple days which is tough on restaurants who rely on manhattans foot traffic but it will take awhile for such a hit show on the books and it did not show up on the excellent quarterly reports for donna and equity, owner of appleby and i hot restaurant brand reporting quarterly profit that beat wall street expectations. How will their sales hold up to Superstorm Sandys iraq . Joining us is julius. Talk about your stock in just a moment. You are anxious because you had great numbers but the storm. Any of your restaurants report any damage due to the storm . Too early to tell. As of yesterday we had 450 restaurants that were closed. Today we are down to just under 200 restaurants. First and most important thing is the safety of our employees and our guests but as we reopen the theres pent up demand because there isnt much in the area that is open. Dave they are reopening and the key question is how you get the supplies in. It depends on where you are, whether trucks can get in or theres electricity but when those things meat and it is possible and certainly the safety of our employees is utmost but if they can all come together we are reopening and reopening to incredible crowds of people because in many cases we may be the only thing in town open or people are getting a good hot meal that dont have electricity at their home. Dave does the company try to help them out as best he can and if so how . A couple different things. We are 99 franchise so it is really the franchisees and we put a safety plan an emergency plan in place with all of new england about week ago and that is in full swing, working in every which way. We are doing everything we can with First Responders. In many cases we may be feeding the First Responders the we had tremendous support from the Franchise Community and we have been able to work the plan very successfully. Dave lets talk your stock because right now you are hot. You beat expectations. You log on a stock at least in the restaurant business. How do you get even hotter. Some people said you should start issuing dividend. Have you thought about that . What we talked about with the Investment Community is lets get through the fiscal 2012 year and in 2013 we would come back and talk about our capital structure and strategy for the long term. At least in the short term it is paying down the debt but we did say we would come back in 2013 and look at the capital structure and see what else we might be able to do but in our business is each day how do you steal market share and do more for the guests and that is the focus. Dave are you concerned about the economy . Some people see recession coming. We have been talking about this for a couple years and i have been quoted saying it is lumpy and bumpy and i think it will continue to be lumpy and bumpy. What we really focus on is things we can control. I cant control the economy but i can control a great meal and great price with Great Service and that is what we are focused on. Dave a lot of your franchise, which is keeping him up at night is obamacare figuring out the