Live Blog: Business Braces for Hurricane Irene
Friday 8/26/11 1:17 PM/ET: Alert: NYC To Shut Down Mass Transit At Noon Saturday (according to Dow Jones News Wires)
And from the Governor's Office: New York Governor Cuomo Orders all NYC bridges to shut down if winds exceed 60 MPH (96 KPH) including the George Washington Bridge and the Tappan Zee Bridge.
And for those living in New Jersey -
New Jersey Transit trains will stop running at noon Saturday because of Hurricane Irene. Governor Chris Christie made the announcement during a briefing on the storm Friday. Christie did not provide any additional information.
Friday 8/26/11 1:15 PM/ET: Irene - In Pictures
So far in 2011, the storm of the hurricane season is Irene, a Category 2 storm expected to affect the eastern U.S. between August 26 and August 29.
The storm has already passed through the Carribean, causing widespread damage, while the eastern U.S. prepares for landfall. The entire eastern seaboard is expecting high winds and flooding as a result of the storm, although the extent of the resulting damage is anyone's guess.
CNBC.com will be updating this slideshow with fresh images of the storm as they come in, illustrating the events of Hurricane Irene as it happens. Click here for scenes from the storm.
Friday 8/26/11 12:55 PM/ET: This Just In....
President Obama will leave Martha's Vineyard tonight instead of tomorrow - this is earlier than planned and it is because of the hurricane, his spokesman says.
MORE from NBC News:
White House spokesman says the President made the decision to leave Martha's Vineyard early "in the last few minutes" and informed his team.
According to Josh Earnest in the off-camera gaggle:
"The President simply reached the conclusion it would be more prudent for him to be in Washignton DC at the White House tonight."
Obama's wife and daughters will travel back to DC as planned on Saturday.
Friday 8/26/11 12:50 PM/ET: Irene And The Insurers (No, It's Not A Band)
As the east coast braces for Irene, some analysts say it could cost insurers billions of dollars.
There are some who are saying it could be a $10 billion storm - that's right folks - TEN BILLION DOLLARS.
Check out the interview in this video tape.
It follows an update from CNBC's Bob Pisani who gives the latest update from the NYSE floor on how its still planning to be open for business on Monday.
So what does the storm mean for the biggest property insurers?
Allstate Travelers and Chubb are "going to be big beneficiaries of a major event," says UBS analyst Brian Meredith.
Friday 8/26/11 12:42 PM/ET: Irene And Your Investments
Sooooooooooooo....what are you doing?
Making any trades because of - or in spite of Irene?
Take our poll- you'll be glad you did.
No registration required, you don't have to tell your mom, and oh yes, it's totally unscientific.
Friday 8/26/11 12:35 PM/ET: Update From The Weather Channel:
Hurricane Irene's Assault on the US begins - Rain bands from Irene are beginning to hit North Carolina. Click here for the latest images.
Friday 8/26/11 12:30 PM/ET: What's Happening At The Stores