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 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.
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.