The White House announced President Trump will fly to Houston on Tuesday, where he will see firsthand the damage from Hurricane Harvey that has flooded the nation’s fourth-largest city. More than half of properties in Houston considered to be at a pronounced risk of flooding are not in an area required by the Federal Emergency Management Agency to carry flood insurance, according to a report from real estate data provider CoreLogic. It shows 52% of residential and commercial properties in Houston and 44% in the broader South Texas area hit by Hurricane Harvey—are at “high” or “moderate” risk, but sit outside a Special Flood Hazard Area.
The Commerce Department reports the advanced trade gap in goods services are excluded widened by nearly 1.8% to $65.1 billion in July. Both exports and imports declined, but exports dropped at a faster pace. Economists expected only $64.6 billion. Despite the wider deficit, economists expect trade to be positive to growth in the third quarter. U.S. exports are being helped by a rebound in global growth and a weaker dollar.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
