Hurricane Sandy has hit, and in its wake NYC is left flooded with a record 13 feet of water. A large portion of the city is left without power today, and subway and vehicle tunnels are completely flooded and closed. The stock market has also been shut down for another day, halting trading.
Many local businesses are without power and have been shut down for the day in the region including TransWorld Media’s parent company Bonnier’s headquarters in NYC. Our thoughts and concerns go out to all those affected by the storms.
Stay tuned for more on the effect the storm had on local businesses and retailers.
On Monday, the New York Times reported that U.S. Stock Market trading was halted across the country due to Hurricane Sandy’s pending wrath. The East Coast was expected to be hit hard with 90-mile-an-hour winds from North Carolina to the southern parts of New England, but were not as high-speed as government forecasters predicted, touching down along the coast from Virginia to New Englad at about 39-54 mph, according to the NOAA. Check out the wind speeds on this wind map.
The early affects of the storm didn’t put everyone on the East Coast in a bad mood, though. Check out these shots from the waves the storm was cranking up on Monday. Meanwhile, in Snowshoe, West Virginia, Snowshoe Resort got pummeled with the storm, accumulating 19 inches of snow so far between Monday and mid-day Tuesday, and expecting nearly 2-3 more feet of snow over the next 24 hours with wind gusts up to 60 mph.
Stay tuned to TransWorld Business for more updates as they unfold.