Katrita

I think CNBC is slowly becoming the Weather Channel. Now we get updates on stocks, bond, futures and the latest movements of Hurricane Rita. The storm is now a Category 5 monster with 170 mile-per-hour winds. Thankfully, the local government officials seem to be on top of things this time. Houston has been evacuated, and many of these poor folks are already evacuees from New Orleans.
According to the latest estimates, Rita will hit land somewhere in Texas sometime late Friday. The bad news for Wall Street is that it will have to wait over the weekend to access how bad the damage is. The good news is that Wall Street will have to wait over the weekend to access how bad the damage is.

Update: CNBC’s noted meteorologist Bill Griffeth just said that Rita is now a Category 4 storm.

Posted by Eddy Elfenbein on September 22nd, 2005 at 1:36 pm

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