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Monday, October 29, 2012

Cheat Sheet - Live Updates: Where's Sandy Now?

Today: Where's Sandy Now? , How Sandy Could Sock Romney , Markets to Stay Closed
Cheat Sheet: Afternoon

October 29, 2012
STORMY

This one is living up to its hype: Hurricane Sandy is barreling toward the East Coast at terrifying speed, according to the latest radar tracking, and is expected to make landfall near New Jersey early this evening. Its effects are already being felt: In New York, the stock market will close for a second day on Tuesday, the first weather-related shutdown to last this long since 1888. Schools and mass transit will also remain shuttered, and airlines have canceled at least 12,000 flights. Up and down the coast, water levels are surging; Atlantic City, N.J., is under several feet of water.See the shocking photos here, and check The Daily Beast's Sandy hub for more updates.

FALLOUT

At a White House press conference this afternoon, President Obama was careful to note that he is "not worried" about the storm's potential impact on next week's presidential election. But Mitt Romney ought to be—he was on a roll before the hurricane upended the campaign. The Daily Beast's Howard Kurtz on why Frankenstorm could hurt Mitt far more than it could hurt the president. Plus, James Warren talks to top aides about Obama's Sandy strategy.

FORECAST

The U.S. stock market closed Monday and will also shutter trading on Tuesday as Hurricane Sandy looms over the East Coast. Some banks are in evacuation zones, and many employees were expected to work remotely. Stock-index futures fell as the storm barreled toward New York City as the markets endured the first cease in trading for weather since January 1996. Futures on the Standard & Poor's 500 fell 0.5 percent in the early hours of Monday morning.

RAIN DELAY

Hurricane Sandy is literally putting a damper on everything—even everyone's favorite monthly data announcement. The U.S. Labor Department is waiting until the "weather emergency" subsides to determine whether they'll go ahead with the Friday release of October's jobs report. The U.S. Census Bureau is also deliberating whether or not it will hold onto the economic reports it had planned to release this week. Typically influential on political polls, October's jobs report will be the last released before Election Day. 

INTENSE

Hurricane Sandy is intensifying as the storm bears down on the East Coast. The storm has sustained winds of 90mph and wind gusts of up to 115mph. Water levels are already more than five feet higher than normal tidal predictions in some areas and are expected to rise. Roughly 116,000 customers in seven states had lost power as of Monday afternoon. During a press conference, President Obama urged everyone to obey authorities, saying "If the public's not following instructions, that makes it more dangerous for people." He added that transportation will be down for a "long time" and to expect long power outages. "This is gonna take a long time for us to clean up," he said.


Hurricane
Tree Hits Woman in Brooklyn
As the city prepares for Sandy.
HORROR
Alleged Killer Nanny Awakens
Asks about her family.
NO END IN SIGHT
Syrian Planes Bomb Damascus
As ceasefire comes to naught.
NOT SANDY'S FAULT
Anderson Cooper's Talk Show to End
Will end after summer 2013.
'Stupid Hurricane'
Kimmel Cancels Brooklyn Show
Due to severe storm.
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BeastTV
play

New Orleans' Advice for New Yorkers

As the East Coast braces for Hurricane Sandy, we hit the streets of the Crescent City for tips on how to prepare, endure, and recover from a monster storm. Everyone got their booze handy?



More from The Daily Beast

A Hurricane Reading List:
by Malcolm Jones , Nicholas Mancusi , Jimmy So , Lucas Wittmann
Shocking Sandy Photos
by Malcolm Jones , Nicholas Mancusi , Jimmy So , Lucas Wittmann
The Case Against Legal Weed
by Tony Dokoupil


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