Disaster

Courtesy of Weather Channel weather producer, Matthew Sitkowski, here is a photo of what Houston's East Loop at Market Street on the I-610 looks like right now. As Sitkowski says, "this image and the forecast of what is still to fall.... This is surreal." He is right: we added a photo of the same location from February 2016 to show the "before and after." Here is the result:

The following time-lapse video shows the Buffalo Bayou next to Houston rising over the past day...

Live Feed from CBS

Live CBS Coverage:

Gartman has done it again.

Yesterday, on CNBC the world-renowned commodities guru predicted that Hurricane Harvey would be a mostly a non-event, saying that he "doubts Harvey gets much past a Category 1 hurricane",  and that "this is going to be a short-term event."

The storm "could be very serious. My guess is that it shan't be," he said...

http://player.cnbc.com/p/gZWlPC/cnbc_global

... to which our response was simply "bye Texas":

Following WTI crude's drop yesterday - apparently on reduced refinery demand due to Hurricane Harvey - RBOB gasoline is now tumbling, erasing yesterday's Harvey-related gains, as traders realize the short-term supply disruptions are offset by significant inventories.