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CoreLogic: Isaac Could Cost $36B in Residential Damages

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  • Description

    FBN's Adam Shapiro breaks down market news.

  • Duration 0:56
  • Date

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I'm Adam Shapiro -- Fox Business -- it's another tough day for Wall Street as stocks continue to drift in and out of negative territory trading volume is light several investors sit.

On the sidelines ahead of Federal Reserve Chairman Ben Bernanke's Jackson Hole speech Friday.

-- -- composite volume is on track for its latest full day of trading this year.

Billions of dollars in potential damage are on the line as tropical storm Isaac makes its way toward Gulf Coast states.

Real estate analytics company core logic says the potential exposure to residential property.

Is estimated to be -- -- is 36.

Billion dollars if -- hits the coast as a category two hurricane.

And as -- approaches New Orleans united and Southwest Airlines announced plans to cancel flights out of that city Tuesday and Wednesday.

Cancellations take effect starting at midnight.

We continue our cabin of the closing bell -- Ashley Webster.

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