Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Full Money. It's the Motley Full Money

radio show. I'm Chris Lundjoining me in studio this week for Million Dollar Portfolio

Jason Moser from Supernova David Cretzman and from Total Income Ron Gross. Good to see

you as always gentlemen. We've got the latest headlines from Wall Street, Sports Illustrated

Colonist Andrew Brant is our guest this week and as always we're giving an inside look

at the stocks on our radar. But we begin once again with the weather. Last week it was

hurricane Harvey and now as of this taping hurricane Irma is bearing down on Florida.

JP Morgan out with analysis Friday morning that estimates the economic damage of those

two storms will be equal to half of the total damage done by every hurricane hitting the

US since 1965 Ron. And yes, they did adjust for $20, $17. We knew it was going to be bad.

I don't think we were expecting it to be this bad. Yeah, and obviously our thoughts go

out to everyone who's affected. Having said that, this is a business show. So I'm going

to hit hit it with the cold hard facts. I tend to think that in general natural disasters

do not have significant impacts on a national level, especially when you take into account

the demand and the spending that's created by the rebuilding efforts. Typically a short

term, I hate to use the word blip, but blip if anything that comes back later during the

rebuilding time. Now having said that, there are individual companies and industries that

will be impacted in the short term and perhaps some in the medium term insurance and re-insurance

is the first company industry that jumps out at me that will be impacted. Although unfortunately

flood insurance is typically not held by most people. And in a lot of cases, certainly from

Harvey, it was a flood event where Irma is more of a wind impact that will be covered.

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