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Transcripts For CNNW World Business Today 20110827



troubling new assessment. they re expecting the storm surge from irene to flood the area, which includes the ground zero construction site, with anywhere from 6 to 12 feet of water. and other low-lying neighborhoods under mandatory evacuation orders. the city transit system will shut down at noon tomorrow. all five local airports also in danger of flooding. they re being closed, arriving flights, starting at noon. this is what they re concerned of. pictures of irene hitting the bahamas. new yorkers are used to seeing this on tv, not up close, though. they might see a version of it about 36 hours from now. all day today irene was making its way north. as it did, emergency plans started kicking in. warnings went up. people stocked up or hunkered down or they took off. in a moment we ll check in with anderson and our entire team for irene. first, chad myers and the late bulletin from the national hurricane center. chad, what s the latest? not much change in the forecast ....

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