*By Madison Alworth*
Florence has been downgraded to a tropical storm, but the effects are still being felt. At this point, rescue efforts are already underway, and at least three people have died.
The storm will continue to bring rain to the Carolina regions over the next couple days, and that ー coupled with winds up to 100mph ー could bring huge devastation.
"It's really hard to tell the impact of a storm while it's still going on," said Mark Watson, CEO of Argo Group in an interview with Cheddar. "Because it's moving so slow and because the eye is so wide, we have sustained winds that are hitting for longer periods of time in this storm today than we see in most storms."
According to real estate data company CoreLogic, around 759,000 interviews could be in the storm's path and damage could reach up to $170 billion. Since that estimate, the storm has been downgraded, but the risk is still high.
"At the rate that this storm is going, I think we are going to see a fair amount of flooding continue over the next 24 hours. It's going to take a while for the businesses and homes that have already been struck to get going," said Watson.
And that tends to be a huge problem for businesses. According to Argo Group, 25 percent of businesses that experience natural disasters never reopen again.
For those in the path of Florence, Watson recommends assessing the damage as soon as possible. "The sooner you can get in contact with your insurance company, the sooner they can get to you physically and financially."
Florence began its path over land Friday morning, making landfall near Wilmington, NC. The slow-moving storm is expected to head inland as far as Kentucky before heading back out to the Atlantic.
For full interview [click here](https://cheddar.com/videos/the-financial-impact-of-hurricane-florence).
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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