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A satellite image of Hurricane Zeta. Photo: National Hurricane Center/NOAA

Tropical Storm Zeta has killed at least two people and caused hundreds of thousands of people to lose power after making landfall in Louisiana as a Category 2 hurricane Wednesday.

Details: After "battering southeastern Louisiana and southern Mississippi," Zeta weakened to a tropical storm over central Alabama early on Thursday, but it was still pummeling parts of the state and the Florida Panhandle with heavy winds and rains, per the National Hurricane Center.

  • A 55-year-old man was electrocuted by a downed power line in Louisiana, authorities said. In Mississippi, a Biloxi coroner said an Alabama man drowned near the Broadwater Marina while filming the storm, a local coroner said, per the Sun Herald.
  • Water inundated Highway 56 in Cocodrie, Louisiana, and buildings in the area near where the storm hot as a Category 2 hurricane.
  • The NWS office in New Orleans warned that mobile homes would be "severely damaged" and some roads "impassible due to debris."

Of note: Zeta is the fifth named storm to make landfall in Louisiana this year — the most storms in a single year since records began in 1851, the Times-Picayune notes.

What to expect: Tornadoes were possible over parts of southern Alabama and the western Panhandle of Florida during the first few hours of Thursday, and an "isolated tornado or two" was possible later Thursday across much of the Carolinas and southern Virginia.

  • Along the northern Gulf Coast, the combination of a "dangerous storm surge" and the tide was expected to cause normally dry areas near the coast to be flooded by rising waters moving inland from the shoreline, the NHC said.
"Damaging winds, especially in gusts, are spreading well inland across portions of central and northern Alabama, and northern Georgia, and these winds will shift into the Carolinas and southeastern Virginia [later Thursday]. Wind gusts could be especially severe across the southern Appalachian Mountains."
  • Zeta was expected to move across parts of the southeastern U.S. Thursday morning, across the Mid-Atlantic states in the afternoon and emerge over the western Atlantic by Thursday night, the NHC said in a 1 a.m. advisory.

The big picture: Zeta is the 27th named storm of the 2020 Atlantic Hurricane season — hitting a record set in 2005.

  • The core of Zeta — including its destructive eyewall — moved ashore near Cocodrie, producing maximum sustained winds of nearly 110 mph and stronger gusts.
  • Before reaching the Gulf Coast, the storm made landfall on Mexico's Yucatan Peninsula as a Category 1 hurricane late Monday and then weakened to a tropical storm. By early Wednesday, it had strengthened into a hurricane again.

Go deeper: In pictures: Storm Zeta churns inland after lashing Louisiana

Editor's note: This article has been updated with new details throughout.

Go deeper

Updated Nov 10, 2020 - Science

Theta becomes 29th named storm in record hurricane season

A satellite image of Subtropical Storm Theta. Photo: National Hurricane Center/Twitter

Subtropical Storm Theta formed in the Northeast Atlantic Monday night, becoming the 29th named storm of the 2020 hurricane season, the National Hurricane Center confirmed.

Why it matters: The formation of Theta, which was some 995 miles southwest of the Azores overnight, breaks the record for the most named storms in a season — set in 2005. The World Meteorological Organization sets 21 alphabetical names for every season (excluding Q,U, X, Y and Z). This is the second time ever it's used all and had to turn to the Greek alphabet.

Editor's note: This article has been updated with further context on the hurricane season.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.