Getting back to business after Sandy, with CNBC's Courtney Reagan, Scott Cohn, Brian Shactman, Jay Gray and Bertha Coombs; and Amtrak Media Relations Manager Marc Magliari has the latest details of restoring railroads after Sandy's destructive path.
NEW YORK, Oct 31- U.S. gasoline rose on Wednesday on concerns about East Coast supply shortages as the energy sector struggled to restore operations disrupted by massive storm Sandy.
HOUSTON, Oct 31- Increased access to cheaper crude oil from the United States and Canada boosted Phillips 66' s quarterly profits above analyst expectations after the U.S. refining company spun off from ConocoPhillips earlier this year, the company reported on Wednesday.
Companies like environmental cleanup specialist Clean Harbors, building supply chains Home Depot and Lowe's, building products makers Owens Corning and Beacon Roofing and generator manufacturer Generac Holdings surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
*New York, New Jersey each have more than 2 million out. At the storm's peak, 8.48 million customers were without power after Sandy came ashore with hurricane-force winds in New Jersey on Monday, according to a Department of Energy collection of data.
Oct 31- Knight Capital told clients on Wednesday to route all stock orders away from the brokerage due to power issues as a result of the massive storm that slammed into the U.S. East Coast. It said clients should ``seek an alternate destination'' for trading in NYSE- listed and Nasdaq stocks, along with options trades.
*Dow off 0.2 pct, S&P 500 down 0.2 pct, Nasdaq off 0.5 pct. Traders made it through the darkened streets of downtown Manhattan before sunrise to the New York Stock Exchange at 11 Wall Street, one of the only buildings with any electricity in that area after Sandy crippled power supply and disrupted mass transit throughout the New York metropolitan region.
*Wheat jumps on 300,000 tonnes Egypt purchase. LONDON, Oct 31- Commodities edged higher on Wednesday as investors dipped back into risky assets, but the sector was on track for its worst monthly loss since May as worries resurfaced about demand for raw materials.
WASHINGTON-- Amtrak says it plans to restore some service on Friday to and from New York City, which has been without intercity train service since it was walloped by superstorm Sandy.
NEW YORK, Oct 31- U.S.
Sandy could be the fifth-biggest hurricane in US history in terms of insured losses, according to early industry estimates, Allstate CEO Thomas Wilson told CNBC’s “Closing Bell” on Wednesday.
President Obama and New Jersey Governor Chris Christie have just finished touring the devastations from Sandy in New Jersey, and remark on the steps to recovery.
No one's calling it a "campaign" event. But the presidential campaign took an unexpected tack Wednesday as President Barack Obama flew in a helicopter — with Republican nemesis Chris Christie — to inspect storm damage in battered New Jersey.
*U.S. stocks flat to lower as Wall Street reopens after 2- day closure. *Oil above $109 a barrel as U.S. East Coast refineries return.
NEW YORK, Oct 31- U.S gasoline futures surged 5 percent on Wednesday as the market braced for potentially long-term fuel supply disruptions at the East Coast's second-biggest refinery following Sandy, the massive storm that devastated the Jersey shore.
Citi's Brian Chin said that about 8 million households were without power as of Tuesday night. That number has fallen since, according to several companies that serve the hardest hit areas in New York and New Jersey.
NEW YORK, Oct 31- U.S gasoline futures surged nearly 6 percent on Wednesday as the market braced for potentially long-term fuel supply disruptions at the East Coast's second-biggest refinery following Sandy, the massive storm that devastated the Jersey shore.
Insight on New York City's recovery efforts in the wake of Sandy, with William Rudin, Chairman of Better New York and CEO of Rudin Management, and CNBC's Scott Cohn.
On Tuesday, outages climbed to 32,045 megawatts, the highest since the refueling and maintenance season in May 2011, following the Fukushima nuclear disaster in Japan in March that year.
*Home Depot reopens 33 stores. At Home Depot, one of the biggest challenges during the height of the storm was constantly rerouting trucks filled with supplies as local officials ordered roads closed, said Doug Spiron, Emergency Response Captain at the No. 1 home improvement chain's command center. At the peak on Monday, 44 Home Depot stores were closed.