Davis Berman, Durban Capital founder, breaks down the "new paradigm" shift and the secular decline in retail. Berman says, for the first time in history the weakness in traditional retail is not representative of the consumer.» Read More
New York City Mayor Michael Bloomberg discusses the aftermath of Hurricane Irene and when things will be back to normal, with CNBC's Tyler Mathisen.
CNBC's Bob Pisani, Sharon Epperson and Paul Walsh, The Weather Channel discuss how business will be back in order after the storm.
CNBC's Phil LeBeau has the details on airlines in the process of preparing to move planes back to the Northeast, CNBC's Sharon Epperson has the update on oil and gas refineries shut down for safety concerns, Bob Pisani & Bertha Coombs take a look at the storm floods and damage in lower Manhattan and Baltimore; and insight on whether Wall Street will be back to normal tomorrow, with Dan Dicker, TheStreet.com and Rich Ilczyszyn, MF Global.
CNBC reporters Darren Rovell, Kayla Tausche, Mary Thompson, and Brian Shactman take a look at the damages and impact from the storm.
New Jersey governor Chis Christie has the update on the damage caused by the storm.
Todd Gross, meteorologist, tracks the storm and CNBC's Bob Pisani takes a look at whether markets will be open tomorrow.
The New York area airports and MTA are closed, reports CNBC's Darren Rovell; and a look at how the markets and oil will be impacted, with Scott Nations, NationShares and Dan Dicker, TheStreet.com.
CNBC's Sharon Epperson has the story on how refineries have shut down during the storm and the costs behind it, and FEMA officials announce relief efforts after the storm.
Christine Tezak, Baird senior energy & environmental policy analyst, weighs in on the nation's power grid and whether the replacement cycle and newness of the system will help in the long-term; Sino Forest CEO steps down reports CNBC's Herb Greeneberg, and Tom Hendricks, Air Transport Association explains the current situation in airports as they try to resume operations.
CNBC's Courtney Reagan has the details on the storm damage; CNBC's Bob Pisani reports that the flooding in downtown Manhattan is not so bad and some form of trading will be likely tomorrow due to all systems being fully operational.
CNBC's Brian Shactman takes a look at the Tweets from businesses and government, and Scott Nations, NationShares says the flooding in lower Manhattan was less than expected so the broad markets will likely be open tomorrow morning.
Paul Walsh, The Weather Channel meteorologist shares retail losses due to the storm, and Jim Cantore, The Weather Channel, takes a look at downtown Manhattan, while Delaware governor Jack Markell shares how his state fared during the storm.
The storm will weigh heavily on oil and gasoline prices, says Stephen Schork, The Schork Report, and Robert Hartwig, Insurance Information Institute tells CNBC that the damages will most likely be estimated in multi-millions of dollars.
CNBC's Courtney Reagan has the story on Hurricane Irene being downgraded to a tropical storm, and the damage the hurricane has brought along the East Coast; CNBC's Bob Pisani has a look at the Financial District facing flooding raising questions as to whether the stock exchanges will be open tomorrow. CNBC's Darren Rovell surveys the damages to businesses on Mantauk, NY, and insight on consumption during the storm, with Paul Walsh, meteorologist. Finally, JetBlue CEO Dave Barger explains when the airline will return to service after thousands of flights have been canceled.
Peter Morici, University of Maryland professor, weighs in on the short-term and long term impacts on jobs and the economy.
CNBC's Phil LeBeau takes a look at the flights flying around the New York tri-state region, reporting that thousands of flights have been canceled. The storm has had rippled affects in the travel industry. Robert Crandall, former AMR chairman/CEO, weighs in on how the airline industry prepares for storms, and CNBC's Mary Thompson has the story on Cape Cod's precautions for storm damage.
The cleanup is about to begin and someone is going to have to pay the bill, reports CNBC's Eamon Javers. Tom King, National Grid, reports on power in Long Island and the New England area.
CNBC's Courtney Reagan & Brian Sullivan report that Irene has been downgraded to a tropical storm. CNBC's Darren Rovell is in Montauk and says the high tide has come and gone, but is being followed by 60mph winds. And pieces of the roof on the hotel where he's staying are gone. And meteorologist Todd Gross tracks the storm up the coast.
Jim Iuorio, TJM Institutional Services, discusses the likelihood of trading tomorrow, and how the market is likely to react to Irene. Brian Sozzi, retail analyst with Wall Street Strategies, discusses the hurricane's impact on earnings.
Paul Walsh of the Weather Channel discusses the impact as Hurricane Irene settles in over New York City, and says it's too early to tell the final cost. CNBC's Bob Pisani