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Live from ABC News headquarters in New York City, this is Good Morning America.

We have a lot to get to here on

GMA, including all eyes on Walmart, the largest retailer saying households are feeling the pinch

as prices increased. We're going to break that down and if it will impact your Christmas shopping.

Yeah, really important. Also ahead, we have an early look as Americans gear up for Labor Day travel.

It is just around the corner and the new items that are banned from your checked luggage.

That is coming up. We begin with extreme weather on both coasts. Heed and wildfires in the

west as Hurricane Aaron batters the East Coast with waves and rip currents. The dangerous conditions

are expected to last throughout the weekend and we have team coverage. We start with Morgan Norwood at Rockaway Beach in New York. Good morning Morgan. Good morning to you, George, and certainly Rockaway Beach here in New York is taking a beating from Hurricane Aaron, though it's turning away from shore, definitely still feeling the effects here. Take a look at these massive waves. It's good news for surfers. They're soaking this up, but certainly off limits to swimmers. And again, though, even though this storm is turning away, we're still

feeling the powerful effects of this rough surf.

Overnight, Aaron's rough surf battering the East Coast, the governor of New Jersey, declaring

a state of emergency.

In Atlantic City, residents attempting to drive through flooded streets, some cars stalling.

Winds kicking up towering swells up and down hundreds of miles of coastline. In Ocean City,

...