Evaluating the damage

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 9 October 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As the Southeast assesses Hurricane Helene’s damage, Milton barrels toward Florida’s west coast. The proximity of the storms will make it harder for homeowners and insurers to estimate each one’s impact — and likely drive up recovery costs. Also in this episode: Corporate bonds shine after the Fed’s rate cut, the mortgage rate honeymoon is over and Nebraska’s elections attract major campaign spending — along with some odd yard signs.

Transcript

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0:47.0	Donate, and thank you. It's a really big storm and figuring out how much damage it's going to do is really hard.
1:02.2	From American public media, this is Wednesday to day October the 9th.
1:19.5	It is always to have you along everybody.
1:22.1	Hurricane Milton is on track to hit the west coast of
1:24.6	Florida late tonight or early tomorrow morning south of Tampa Bay probably
1:29.0	near Sarasota maybe bringing with it a life-threatening storm surge and staying at hurricane
1:34.4	strength until it moves across the peninsula into the Atlantic on Thursday.
1:38.4	The Tampa Bay Area, though, is still recovering from Heleneene which is challenging both efforts to
1:44.0	prepare for this new storm and to estimate the damage it is going to bring.
1:48.1	Marketplace's Amy Scott gets us going. When we talked Tuesday evening, Corey George was ticking through his Hurricane Preparation Checklist,
1:57.6	refined by 20 years of practice.
2:00.8	We keep water and basically can food on hand. We have a whole house generator that we put in after Hurricane Ian a couple of years ago.
2:09.0	Later that night, he would put away the trash cans and secure anything that could be blown around the yard.
	...

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