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Hi everyone I'm -- -- -- welcome to foxnews.com.
Lives business hour and it is back to business today.
On Wall Street nest -- after the first weather related to day market closure since.
And then 1888.
Well again though markets and did open again today and we have Lawrence in in -- actually standing by down on Wall Street in front of the New York Stock Exchange to.
Paint a picture for us about what it's like down there Lauren talk just little bit about one how people.
Got to work there this morning and what it's like they're now.
I would love to be in -- -- for -- -- because it's kind of kinda silly in many ways for smaller truck you can't see it in the background.
Grieving power to local residents you don't have power and they have to charge -- -- funds there's guys in pajamas literally eating out with us.
Just looking to get -- yards because they haven't been able to do so in lower Manhattan.
Since sandy struck and there is no power down here it's daylight now it looks like it's busy in the shop behind me.
It is busy inside the -- its stock exchange but other than that is -- completely dead now one.
Business is open.
I went inside -- stock exchange where the food is great today and to get something to eat -- that is starting and I had no other option so that just goes to show you.
How bad this area got hit by the storm.
Technically weren't zone -- -- -- would be mandatory evacuations on.
But literally is donate and -- -- New York Stock Exchange starts so it's really kind of the same thing no damage done to the building now we're looking at where it's business as soon as usual.
The traders know they don't have phone lines they don't have Internet.
They're coming outside to make calls on their cell phones if they can get his cell phone signal because that's buddy -- Volume is probably continuing to be light as we speak still expected pick up later in the day or at least that's the case today.
There's differing views right now on whether -- -- stock exchange -- opened for business I mean it's great.
In terms of the spirit let's let's get back to business and do this once and for all because we bad.
The longest weather related sat down yet since the nineteenth century so that's kind of crazy in and of itself.
There's Enron officials down here Diana and -- not unusual for that have been but I would imagine there's more than usual down here just make sure things are going smoothly.
Is a president to -- the only reason and powers because they do generators right now but I would say 90%.
And I think that's a very fair estimate of the traders are are on the floor in Atlanta -- -- some green figured the only thing if they can't send them out to anybody or close them anyway because I don't really have a cell signal.
Down here which is the issue for many people sounds.
But it is busy narrative feels good to be inside -- -- really does it makes you feel like okay lower Manhattan new York and whether.
This superstar and that was sandy but.
It's it's -- -- be injuries seems to save at least tell businesses really gonna get back to business if you want to speak about the area in general.
We have Goldman Sachs apparently there on generator power.
CD had -- major flooding that's 111 Wall Street doing today is using a skeleton crew right now they're saying work from home -- ten.
-- you know these buildings obviously in zone main zone he had been.
Hurt so badly by it by Sandy's cell that's what it's looking like here but this shots of the people in the -- -- facing our.
I'm sorry it's it's really funny actually stay and one lady just came up to me and CS yet as she's -- -- I think as the French accent as a French accent fronts.
Are you here with the new York power crews and supplying power to us.
Seventy plus like no actually -- -- news -- just being good samaritans and I was really -- really you didn't.
I'm jealous of the people -- job and I will say OK I'm back -- you're talking about.
Many of the banks telling employees to work from home -- they can and that's not something you need to -- -- many businesses doing that.
Not only because there's a power issue for those that are downtown.
But also because people may not realize it's still very difficult to get to work.
To get your employees there with some bridges and tunnels still close and obviously the subway not working so.
He said about 90% of the traders are in this morning had and they get there.
They -- because like you said the subways down is going to be down for four to five days.
-- -- -- where it is down path trains are down new Jersey transit is down the Brooklyn Battery Tunnel is.
-- with unprecedented.
Amounts of water did over the queens Midtown Tunnel until I think still for the Holland Tunnel.
All that this is -- driving down an -- stock exchange -- like seventy bucks the data to park are handing out these New York Stock Exchange free parking passes.
So if you're brave enough -- to drive down here you can park for free I guess that's the -- side.
And and -- -- does it last night I texting email -- all the guys I know ignored and -- are you coming to work today.
And out some of the may answer some of them couldn't answer is they don't have service.
Their homes and they say yes but I was shocked to see how many.
Are in there actually did.
Like a recap of my head of all the guys actually now.
And there's only one that I can think of right now who's not inside that building and he lives in Long Island.
Other guys are staying home they're -- some -- to their home computers because they do a better power and service.
From where they are so that's another thing that's going done well in this -- -- -- -- I'll wanted to traders said RAS so I have no water I had nothing where I live so I brought my shaving gear into the stock exchange safe -- banking get a nice good save but apparently there's only cold water.
And NIC so he still has -- -- like it couldn't see the cold water.
Just -- a little storm survival stories going on as well but the this -- it is is good and that's what we need right now.
And Arnie said that you know -- service is kind of spotty phone service in the building as kind as bodies and goes for Internet so.
How are they making these trades -- is there any timeline for when they think things will actually be back to normal.
Excellent question and I wish I had a better answer -- this is like to tell you right now.
There's the once you do have phone connections down our down in the building behind me they say they have only one.
One line that's operating and it's not.
A strong connection it's very spotty others are using -- members of their -- in other locations some on the upper west side at 67 street.
And Broadway -- stands one in New Jersey he has power they're sitting out.
A member of their firm set up somewhere else to take some of the order is -- they really don't even have data inside in terms of you know their ability to see the overall market.
And still when I was on the floor and -- around it's a different situation for everybody in there the New York Stock Exchange does have the power companies.
Working on putting more back -- lines in and that is working in many senses but it depends on who you -- do business is definitely slow.
People are confused now.
Another neat I consider is a lot of these guys -- orders for major hedge funds Delilah to -- what you know why can't they just place in order some more rounds and that's.
Definitely something needs to be considered but the feeling is for now is that the community.
Is -- the Wall Street community's going to be patient.
As we get back on our feet and deal with the situation -- our.
I like that they get new York and generally don't have much of a choice but to be patient and just deal with it anyway we had back.
I'm Cheryl I'll make it through that Lawrence amenities and an -- -- exchange thanks -- Another place where we saw huge effects of hurricane sandy were at the airports many travelers from all over the world were unable to get to where they needed to be because many of the airports in the areas were closed.
We have rich as an outstanding that are Peter Barnes and -- -- rather -- into at Reagan national airport now.
Standing by to cover what's going on there and Peter.
I mean you're talking about not only people affected here in the New York area in the tristate area and so on the people from all over the world so what's the plan there.
Well more than 191000 flights were canceled since Sunday because of the hurricane Diane and just today.
We're starting to seize a service slowly.
Get get back to normal live here at Reagan national they have about 800 flights today.
And if you go over and look at the -- -- have any official statistics yet on.
How many of those 800 have been restored.
But if you look at the boards over here you see that some flights artful are flying today there are passengers.
Here it's not fact but -- -- here.
The big problem is that it was not was not the airports here in the Washington area they were not closed during the hurricane.
It was the other airports -- around the country up the coast in particular in New York.
Where they were ground stops because the airports there were closed.
Well on Newark Kennedy and LaGuardia.
All closed Newark and Kennedy.
Have reopened -- to some flights this morning.
But but LaGuardia remains closed and that is a major problem.
For the airlines and for passengers take a listen.
-- -- So anyway there's still water on the runways at LaGuardia.
A third of all of the nation's airline traffic.
Goes through the three New York airports and so that is the hold up by the domino effect.
That that has had that has slowed down and shut down -- canceled flights all over the country -- And I wonder.
If there's any timeline for when they think sort of air travel will resume back to normal.
And what travelers that are traveling -- who are traveling in the near future.
Sort of what they should expect when they do show up to the airport or if they should show up at all.
Well -- -- -- -- -- I check with the airline to see it to check on the flight status but I have talked to the airlines for America the trade association this morning.
As well as officials here at the airport.
None of them are gone on on a limb to talk about when.
All the air traffic we'll get back to normal though -- the big issues at LaGuardia is because the runways and facilities are are still flooded there.
Not only do they have to get the water off but then the FAA has to come in and inspect everything.
-- isn't inspect the runways expect the equipment.
Around the runways the lights the wiring.
The tram the tram way this guy weighs everything.
To make sure that they are safe and so first they gotta get rid of one of the water then they have this whole inspection process that has to take place so it could be you know at least days before -- gets back to normal and again.
That's a critical hub.
So as long as LaGuardia is is not operating they're going to be problems.
-- around the country and -- flights getting in and out.
The united states international flights as well that might depart from LaGuardia.
And understandably so of course safety is the first issued even though particularly on the East Coast we don't like to be patient be it sounds like this time around.
That is our best bet that's Peter Barnes live from Reagan national airport Peter thanks so much for being with us we appreciate you that it is always -- And now we're gonna shift over -- not too far away we have rich -- also in DC talking about another aspect of this storm which is.
What the federal government is doing about all of this -- and emergencies like this a lot of times you see local government.
Leaning on federal government for support here so rich Edson is live with more on that and rich and the senate president.
Is actually planning to visit this area to see the damage himself.
-- is Diane his -- thirty on his way to New Jersey he's going to Atlantic City to -- with governor Chris Christie and just think about how remarkable.
That shot is six days.
For national election you've got the president of the United States and -- governor for the other party to deliver the keynote address at the Republican National Convention.
In Tampa Governor Christie making it clear he's putting -- politics aside as you've seen some of the shots from the Jersey Shore.
Absolutely incredible the destruction it's gone on there as for the federal response.
-- -- it relies on local.
Requests local -- the federal government is much of a backstop that the Army Corps of Engineers other search and rescue teams.
Water damage teams water bottles blankets generators all up and down the East Coast the National Guard have all been deployed.
Depending on line requests from states and local governments and so that continues.
To roll itself out we do have a continuation of the campaign though governor Mitt Romney is campaigning in Florida today President Obama.
Has set has a pretty much campaign since the weekend took Monday Tuesday.
And much of -- off tomorrow though he heads back out on the campaign trail do have an election in just a few days from now and he'll compete he'll continue campaigning.
Directly to voters so why -- -- the federal response does continue.
Here in Washington President Obama on his way to Atlantic City.
And nine that's that if the federal response -- And rich we were showing some video behind you as you heard describing the scene.
At least along the Jersey Shore in one of the shots.
That people might not realize what they were looking at there was a roller coaster from seaside heights which is now.
Quite literally in the middle of the Atlantic Ocean that Norman -- roast of -- used to be part.
Of a huge -- -- huge boardwalk area and it is really all been destroyed and you know those pictures really give.
People an idea of the level of destruction that's going on there.
One of the things that I know is an issue is being able to assess the damage at this point because even in certain areas.
-- on the eastern tip of Long Island I know for example it can't.
Access a lot of the areas yet to even start assessing the damage I'm wondering if you know rich how they're dealing with that -- -- -- there's a 72 hour time limit.
In order to give FEMA and other agencies.
Sort of the estimates on what kind of aid they think they'll need in some of these officials can even get to those areas yet so I beginning with the.
Right and that's part of the problem and it's it's really it's just it's just patients it's a matter of access in the areas figuring out how bad the -- -- -- even think about the New York City Subway system you're gonna drain all the water out -- even figure out how much damage has been done.
And before you begin to reinstall any electrical work pretty track -- -- need to get done and that's.
That's happening all along the eastern coast there -- three.
States that -- been declared major disaster areas new York New Jersey and Connecticut that opens them up to more federal funny but.
But you're right there they're still is a question as to how much this storm is going to cost local governments and the federal government.
The good timing part about this storm if there is any silver lining here is that it happened in the beginning of the fiscal year which means.
All the federal disaster funds for the most part are intact there haven't been any other major storms that have cost federal disaster relief.
It's of the two to seven billion dollars what did the government has to play with here but.
If there is anything.
Further beyond those requests that might be something that congress has to consider.
When lawmakers return and already there working on the fiscal cliff and all the components of that in tax increases in now automatic spending cuts so.
Things could get a little more difficult especially when you're trying to increase appropriations at a time when there already is so much to deal with.
It's starting late next week.
All right then that they couldn't get more complicated just -- more than that -- that but that's rich -- live from DC -- we -- appreciate you breaking it all down for us.
I stay safe there in DC -- enjoy the power while we do not.
But that's ridge at the live -- -- rich so it's great to talk to -- we're gonna take a small break now but when we come back we're gonna focus on what kind of effect.
The storm is having on small businesses they'll be back with that in just few minutes.
I when I'm Diana say -- in for Lawrence in an -- this is foxnews.com live in the talking about hurricane sandy.
For this half hour and among other things we have many many people it -- did it area without power so we actually.
Have been getting some help from Al west here's -- little news package to explain a little bit more.
Begin just after midnight the -- of dozens of trucks at a 150 crew members to help reenergize the East Coast.
Part of a massive nationwide utility mutual aid effort our resources are -- going to be served -- with con Edison in New York City and Westchester County school.
Little over sixty units are going out there and it's primarily are heavy equipment.
So we're talking material handlers figured Eric's in trouble trucks as -- underground rigs were also sending out normal command center.
The trucks to -- the whole truth will be driven small trucks will be trailer simple mechanics trucks are following closely behind.
We will keep on running and we'll repair hopefully anything that goes wrong in.
Keep all safety aspects in check where they do belong we'll all be there and working two days from now.
Those people insist that overhead and and a -- maintenance and construction crews had trouble men are electric first responders -- putting them to people on a cap.
And basically driving 447 to get all across the United States we you have -- through DOT to help facilitate that.
-- consider this.
The damage back there is so extensive that they're gonna move all of this equipment all the way across the country.
Global all of the other equipment coming from everywhere else.
And and -- heard about it we all have similar equipment and real talk the same language and imagery and whoever gets it right.
Because -- all emergencies -- be welcomed with open arms people are looking for any help for any hope.
For anything to help them get their life back to normal.
All right -- -- KTV use time backer reporting we appreciate that report Tom.
And you know any helping hand to -- at this point are obviously much appreciated.
But let's focus shift focus a little bit now and talk about the effect that the storm is having on small businesses -- gonna bring it.
-- Pamela springer CEO of Montana talk -- more about this of him I understand your company is -- online resource for small businesses some wondering.
Well kinda -- you're seeing that the storm is having specifically.
On small bit.
This is at this time.
Yes there have been obviously there's there's some very pressing matters at hand for them small businesses that.
I'm I'm very cooperative their.
Let's talk and says -- do you think about the -- -- Athens while business.
I'm better than that them the most the best as as they think about beating -- would have had to dig deep now for several years in Iraq help.
About them being -- -- the majors so I would think asking after what happened and move together will be a strong point -- small business.
And it -- are there any areas ended.
Being a crises like this where is small businesses are out an advantage or disadvantage compared to bigger businesses.
So do you think about it most businesses and he has -- 80% of them have nine employees -- lots.
And the smaller the -- the more likely they're working out of their home so I'll miss some dire straits there further for some of those businesses especially on the East Coast.
I meant you think about.
The opportunity to happen at any organizations there to support them.
The local chambers.
I don't believe are getting very rapid now in the including how to help these small businesses.
As you think about I'm -- electronic billing problems.
I'm and the opportunity presented to connect and rally and support each other I think these brands will play an increasing wealth and -- -- Background -- and we looked at Memphis traffic over the last several days during this.
Let's not -- the thing is actually pretty active and here and we have not seen a backdrop.
As you think about a lot of that is the thing that I'm -- represented -- -- news comes from -- Ryan says hopefully go online presence.
Is not a distract them as potentially they're physical presence presences.
And -- you might be -- to hear at least that.
On Monday around here and there were almost no business is open but I'll tell you who was.
It was third of the -- the bodega is being very small businesses where the owners seems to work directly in the shock as they did have the ability to come in.
And open -- bigger businesses weren't able to send.
They -- employees out because they were worried about employees getting to and from work small businesses at least have an advantage there where the owners come -- themselves.
And open up shop that they needed to which of course was a huge resource here -- people have a way to get fruit which no one night realise -- actually an issue.
So there aren't there are some areas where perhaps being a smaller business -- the fewer number of employees can.
Be an asset but I wonder where where these small businesses can go.
To sort of find out what -- -- or even available to them -- some might not even know about resources that are.
So relentless Bloomberg -- -- -- is probably wouldn't be the most easiest to get through from after the call.
From a physical location as you think about they are good networking.
And I think I would absolutely think about my local chamber.
To try to connect put.
And I'm perspective.
Because then the business Erica directly control who -- connect twelve and -- different -- I -- food connect via my FaceBook page I would maybe do some -- Obviously have a connect and -- you look at the perfect weather and maybe even give each other some tips -- -- how to get through that.
All right that's -- springer for months had to become romantic that time -- -- -- Iran Pamela but.
That is an online resource for small businesses you cannot log on to meant to dot com MA NTA dot com to to find out more about that Pamela.
Great having you on always appreciate getting some analysis on all the thank you.
And we're gonna have to leave it there are we as we said the markets are open for business today's been a light day of trading as you heard Lawrence -- right now we're looking at the Dow fairly flat out not even -- -- now about half a point.
So we're gonna keep the night.
On those markets for you Lawrence minute we'll be back tomorrow to give you the full report on how this first day of trading went coast.
Hurricane sandy and we will continue to keep you updated coming up next we have Chris dialogue.
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