Connell job astarte is all over it. It is so much more. You have been on it from the beginning. One of the things i have been advocating over the years is the power rating. If you do not find the real high winds and one small area, like we see in some of the storms like charlie, remember charlie, it will spread out, it will be a larger area of very strong wind and you will get the same net result as it hits land. What we have been saying at whether bell is when it took the turn to the northwest, we have been on this for the last five or six days i actually believe it is a bit stronger than what the Hurricane Center is saying. South of montauk, there have been wind gusts of 130 Miles Per Hour. That would be close to what that barometric pressure is. That is now down as low as we have ever seen it. This is an extremely serious situation. All of the new jersey shore will be devastated. We will have record high tides in new york city. The only bright spot for new york city in this area is the fact that it has not rained a lot in the hudson valley. That rain will not force even the water to back up higher. This is a devastating storm. Connell how much damage are we talking about and how many days will it take to leave . Tomorrow at this time, things will be leading up. The storm, and said of going by, will continue to move inland. The wind stays from the south and southeast. There will be people under water for 2436 hours. You will see the storm gradually subside over the next twothree days. We will be lying around with cloudy, cool julie damp weather for a few days around this. This kind of storm that is spread out, you have to understand that the energy of the storm is spread out through a larger area. New england sticks east. You are funneling everything into one area. The same thing happened in ike. It is a category two and i said no, bill, this will be a major hurricane for southeast texas. I knew the storm would tighten coming to land. Same kind of thing is happening here. Dennis more from you later, joe. The New York Stock Exchange planning to operate only through electronic trading today, but then everything changed. As we have been reporting, it has been completely shut down. Spew forth the first time it has happened in a very long time. Charlie why the 180 quick suck when i spoke to you yesterday, you were very confident that you could do that. I think it was really just gathering more information from all the marketing participants. We realized that staying open, even electronically would put others at risk. We decided to work with the industry and elected to change the decision where the markets will close entirely. I think the banks have really expressed concerns thought not only other people being at risk, we will have to mobilize even if the markets are electronic. They still have to get people to work. They also expressed concerns about this being the first time of our using our new technology. None of them had really interacted with it before. That was just too much to take. Charlie duncan, you are an amazing diplomat and smart guy, i cannot imagine you did not know that going in. My guess is this, the brokers, they operate their own dark pools which are Stock Exchanges, didnt they go ballistic, as we were first to report on fox business if you are open, they would have had to be open. I do not think that that is it, charlie. I will be honest with you guys. It was a spirited debate in a spirited discussion. I think the bottom line is what we underestimated was our goal to keep the orchid opened today, whether it was definitely impressed upon us that they would greatly appreciate it if we would, that they would rather not be open. Charlie to the regulators and press this upon you . No. As i said, it was a spirited discussion. I think it was held, you know, i did not get any sense that any time where people were trying to say we hope you guys close so we can say open. There was really none of that. I can assure you of that. Charlie was the sec involved in that . Yes. We kind of reported our consensus to the sec and then taken back to us after caucusing a bit on their side. Charlie they did make that call to you about the business wanting a close. Maybe i am missing painting it. We present to them as an industry first. We say to the sec, this is the conclusion we have come to as an industry, what do you think . They come from our decision and we made the announcement. We are all watching the same reports you are watching, your previous guest was pretty sobering in terms of what may happen in the next 24 hours. We will be making the decision much earlier today about tomorrows market. If even half of what youre per guest is talking about is true, i would anticipate the market will be closed again tomorrow. Keep in mind, it is a month and. It will be pretty important for the markets to be open in some shape or form. We will make sure we stay in close touch with you and everybody else. Charlie yesterday you said you would receive some pressure to open. Where were the pressure come from . I think it will come from the broader industry. It is wanting to be be closed for safety reasons, we are not getting a whole lot of second guessing. I think at a certain point when people realize it will likely pass through by tomorrow evening, i think the expectation will be that we will need to reopen on wednesday morning. People will expect us to be open on wednesday morning. It is month end. They have positioned to worry about. They have month and training to worry about. It will take a pretty serious situation for the markets not to be open. Charlie did you have the technology to run arba and run a market that would be orderly . Certainly. I think we have talked about this before. This contingency plan did not exist, it has been broadly communicated sent out ten. The street tested with us recently. I think what happened is, you know, this suddenly became a reality not a hypothetical this weekend. I am confident we can handle it. Do i think running things all electronic all the time, no, in emergency situations, you do not always get the luxury of having all your options available. Charlie are you worried about the facebook situation . No, not at all. Charlie the markets are likely to be closed tomorrow. But you have not made that decision yet. They are likely to be closed. Listening to the experts, we are operating under the assumption that a closed tomorrow is likely, but it is not definitive. We will make that decision in the next couple of hours. Charlie and then open wednesday i think we will be leaning heavily towards finding a way to be open on wednesday. Charlie duncan, thank you for your time. Do we have a question here . Dagen no. I was just motioning to connell. Connell we got a lot of information out of that. Charlie he mentioned the sec. He is a diplomat, very smart guy. I think the regulators put the hammer to have. That is my take away. He will disagree with that. I love duncan. Listen to what he said. They were involved every step of the way. Dagen mayor bloomberg will be speaking at the bottom of the hour. Also two tunnels into manhattan, both the holland tunnel and brooklyn battery tunnel will be closed at 2 00 p. M. Mass transit already shut down. The city is basically cutting itself off from the rest of the world. Connell in many of the ways, it is. You are right about that. You may have seen the pictures on the screen while charlie was talking with duncan nader howard. Dagen he is getting filtered by wind, sand and rain. He is at Point Pleasant beach down in new jersey. Described the beach and how it has changed in the last hour or so. Jeff i think it is informative of what duncan is talking about. We just do not know. Even if half of what joe astarte said comes true, we do not know. This is a category one hurricane. This is technically not a hurricane. Well, okay, it may be a cold core storm by the time it makes landfall, but you can see what the conditions are on the beach right now. They have only intensified since i last talked to you. It is not catastrophic by any means. I do not see roofs coming off buildings. If you look at this ocean back behind me, we are right now, just the you understand the perspective, we are now close to low tide that we are high tide. We had some earlier pictures with the water rushing up on this beach. The reason it is back there now is we are approaching, we are about halfway between low and high. This is a normal situation right now in terms of tide. We will get another high tide. We will get a low tide this afternoon and then we will get a high tide between 7 00 p. M. And 8 00 p. M. Here at Point Pleasant beach. That is the time you really want to be watching. That is when the true test will come on what this damage will be. Will this be a billiondollar storm, a ten billiondollar storm, that is when we will find out when not water starts coming in at high tide. Connell have you had a chance to say what job joe had to say . This is a much stronger storm than your average category one, which you have been saying all morning. Jeff this is the storm with pressure that is extremely uncommon for this particular, you know, location. It rivals the 38 storm that did damage open england. Such as the downtown providence. It has the potential for that kind of catastrophic damage. Again, not from so much the wind, but from this water coming through. We will see, but it has the potential. Whether or not this will come to reality or not, i do not know. Connell that is why we will keep coming back to you throughout. Jeff flock on the beach today. The hurricane will come ashore here later today. Thank you, jeff. Dagen Hurricane Sandy also disrupting campaign plans. Governor romney canceling events in virginia and new hampshire. The president heading back to the white house. The president canceled an event tomorrow as well in green bay. Connell that is correct. Leo hendry is here with us now. Dagen a big old democrat. Connell does this help the president . What is your analysis . I think if it was next week, it would have a very disruptive effect. These elections will be very close throughout the house, senate and all the way to the top. Turnout is an imperative. This week it is just a problem. It is a crisis for the men and women that live in this area, ourselves included. It came up in the earlier show, friday we will see in other jobs number. We thought we saw gdp late last week. This election is going to be decided on these economic news. The two of you to a better job than others of understanding what really is going on here. When president clinton said the economy is stupid, what really happened all the way back in 1980, we went through a 24 hours news cycle which you represent firsthand, the ability of the press to cover news has been enhanced. Job reports, gdp reports, prior to 1980, with the advent of cnn and later yourselves, they got pushed aside. They were only covered in print. This will be decided in the middle west, on the jobs numbers, the gdp numbers, it will be decided in some of these swing states. Dagen does it make, speaking of swing states, the cincinnati that one pull from the cincinnati inquirer has them neck and neck 4949. Because of the weather, because they are canceling some events, do those ad dollars spent on tv in the ads that are running on radio and television, are they even more critical because of what is happening with the weather . It has been a tsunami of ads. It is just overwhelming. There is almost nothing you can do in this letter week that you have not already seen. All the tv time was bought up as early as labor day. I think fridays jobs report will be pretty good. Connell dagen and i were speaking about this a little bit before we went on the air, the Census Bureau was asked about it and there were no plans to delay it. Dagen i said i would put money on it. Connell now before the election i know how that number is put together. It is a thousand pieces of information. It would have to be manipulated. These are bureaucrats who do this and have done it the same way since 1947. Connell i understand that. The only reason it would be delayed is washington shutting down today. If this thing persisted and we do not go past wednesday where the women and men who put the numbers together can actually get in it will be a good report. Lets go back to 1980. The only measure is progress. You look at the aggregate numbers which the three of us have spent a lot of time on. Progress has been made. It is not a National Phenomenon that is at risk here. It is what is happening in these 12 states. Right now, it is down through swing, you are probably down in the florida, virginia, north carolina. Connell ohio . I actually think ohio is already moving in favor of the president. Connell then he went. Is there any way that romney wins without ohio. [ talking over each other ] there is now 15 polls in ohio alone. There is not a single average that has governor romney up. What you have to do is look at the [ talking over each other ] connell the president up to in the average. It is always good to have you on, leo. 24 hour news has changed the landscape. Dagen and twitter. Twitter has a huge impact on young voters. Everything is instinct speed and this hurricane. We are getting pictures off of twitter. Left back. Dagen it was great to see you. Thank you for having me on. Connell there is more coming up, of course, on Hurricane Sandy. We are also ten minutes away from getting an update from the mayor of new york city. We will have mayor Bloomberg Live when it happens. Dagen look at how oil is faring today. Just under 86 a barrel. Connell keeping our eye on Hurricane Sandy. Just moments from now the mayor of new york city will be briefing us on the storm. President obama will also make a statement at 12 45 p. M. Eastern time. In about three minutes, the mayors briefing is scheduled to start. Once that gets underway, we will take it for you life. Dagen residents of new york city and state brace for the storm to make landfall. Connell zooming in on long island, there is long beach. The wind and rain really starting to pick up. There are three ways in and out of long beach. Two other bridges are northbound only. They want people to get out of dodge and get out of the path of sandy. The long bridge has been flooded. Nassau county under a state of emergency and also mandatory evacuation. If you take a look behind me, there were some crazy surfers finally, people are starting to really heed the warnings. Boy, is it really getting big. What are we is expecting is high tide at 8 00 oclock tonight. That is when problems could really be getting worse. The storm surge, during the height of the storm, which is going to be tonight when we get hit the hardest, we will have 11foot storm surge with a potential of 20foot waves going on top of that and just slamming into the coastline, obviously, coming up on the boardwalk. Many people have heeded the warnings. They are remembering what happened with irene last year. Other people are saying, you know, we have been through the storms before. We are hunkering down and we are not leaking. Of course, our fingers are crossed for them. Connell along the shoreline, for better or worse with a large group of people. Dagen breaking news on the water moving into new york city and manhattan our sister station is reporting that parts of fdr drive, this is one of the two main arteries in and out of new york city that runs along the edge of manhattan. On the east side of manhattan is fdr drive, that is now underwater according to fox five. Fdr drive is on the east side of manhattan. This is a critical artery of moving traffic in and out of new york city. At 2 00 p. M. Eastern time, both the holland and brooklyn battery tunnel will be closing. If people are not in the city or out of the city in a matter of hours, you will not have a choice. You will have to stay right where you are. Dagen if you went up the right side of the horseshoe there, the east river is there. To the right side of it is the borough of queens and brooklyn. Right on the right side, the east side highway which is called the fdr drive. Mayor bloomberg in just a few moments. As soon as he begins, we will take that for you live. We will be right back. The mayor will be speaking about Hurricane Sandy in just a few moments. From 17 billion chips worldwide to a world of superconnected intelligen. The potential of freescale unlocked. Nyse euronext. 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Com to try lifelock protection risk free for a full 60 days. Use promo code gethelp. Plus get this document shredder free but only if you act right now. Call the number on your scre now dagen again, another rare move related to this weather, Hurricane Sandy, breaking news on the Supreme Court, it is shutting down building tomorrows argument to thursday. Someth