The biggest and most destructive storm to ever hit the US East coast has left sharks swimming in New Jersey neighborhoods, Manhattan dark and underwater, the Con Edison power plant going supernova, the subway system ready for U-boats, and threatens to drop the 1% back into the 99%.
Unbelievable photos of the shocking destruction below:–
REPOST FROM SILVER DOCTORS> Get your SILVER before it’s too late.
Hoboken PATH station (via @garywhitta)
Con Edison explosion from @georgeweld
The Vampire Squid (Goldman Sachs) blockading 200 W. Street with
sand gold tungsten filled bags Monday (Gary Silverman)
DAILY BUSINESS REPORT – Financial Updates, International Markets and Business News http://batrdailybusinessreport.blogspot.com
To all in the path of Sandy: Stay safe and dry!
• At 8:30 AM ET, the Personal Income and Outlays report for September is expected to be released. The consensus is for a 0.4% increase in personal income in September, and for 0.6% increase in personal spending. And for the Core PCE price index to increase 1.7% year-over-year.
• At 10:30 AM, the Dallas Fed Manufacturing Survey for October. The consensus is for a reading of 2, up from -0.9 last month. This is the last of the regional survey for October.
• At 2:00 PM, The Federal Reserve is expect to release the October 2012 Senior Loan Officer Opinion Survey on Bank Lending Practices.
• Expected: the National Multi Housing Council (NMHC) Quarterly Apartment Survey. This is a key survey for apartment vacancy rates and rents.
The Asian markets are mixed tonight, with the Nikkei up 0.3%.
From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down 2 and DOW futures are down 10.
Oil prices are down recently with WTI futures at $86.28 per barrel and Brent down to $110.12 per barrel.