Sep 1, 2017

Hurricane Harvey recovery updates

Charlie Riedel / AP

A week after Hurricane Harvey pummeled the Texas coast as a Category 4 storm, some residents of the region are finally beginning their journey toward recovery. Others, left without drinking water, forced from their homes, or trapped in cities transformed into islands, are still stuck in the middle of a crisis.

  • Local officials have recorded at least 46 deaths related to the storm as of this morning, and warned that the number could rise as recovery efforts continue.
  • The core of the storm, which is beginning to lose some of its tropical characteristics, is traveling north up the Ohio River Valley and Mid-South, according to the National Weather Service.
  • The storm isn't expected to dissipate until later Saturday.

More on Harvey:

  • In Beaumont, a city of roughly 118,000 near the Louisiana border, running water has been cut off completely, and many people are stuck with no escape as the rainwater has turned it into an island.
  • Much of Port Arthur, a city of about 55,000 roughly 100 miles east of Houston, still remains underwater, with flooding covering the highways and cutting it off from the rest of the state.
  • Officials are keeping a close eye on the chemical plant where two blasts took place on Thursday. The company warned that more could follow and said "The best course of action is to let the fire burn itself out."
  • Another hurricane, Irma, is building over the Atlantic. Forecasters say it is still too early to know whether it will reach the U.S.
  • President Trump and the first lady will travel to Texas and Louisiana Saturday, and will likely visit the Houston area and Lake Charles.
  • Trump is pledging $1 million of his "personal money" to Hurricane Harvey relief, and has also requested Congress free up $6 billion for immediate Harvey recovery.
  • Electricity provider Entergy said about 61,000 customers are without power in eastern Texas. About 9,500 customers in western Louisiana were also without electricity, per NYT.

Go deeper in the Axios stream:

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Situational awareness

Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.