Placeholder Image

Subtitles section Play video

  • here to deliver your Wednesday edition of CNN.

  • 10.

  • Carla Zeus Hope things are going well for you.

  • It's been raining at the CNN Center, and it's supposed to be for most of the week.

  • But that is nothing compared to what the United Kingdom has been dealing with.

  • A storm named Dennis has been battering the islands for days, bringing tremendous amounts of rain to some parts of the UK This isn't just a case of cloudy with a chance of showers.

  • Dennis is considered a bomb cyclone very intense system with hurricane force winds, and it's caused severe flooding in some areas of the country.

  • It's triggered landslides.

  • It's canceled or delayed hundreds of flights, and it's dropped more than six inches of rain on some regions in a very short amount of time.

  • Authorities have had to evacuate people from their homes and put them in emergency shelters in South Wales.

  • One of the places hit hard by Dennis and the ghost ship that's been floating around the Atlantic for more than a year was washed ashore in Southern Ireland last weekend.

  • U.

  • S Coast guard had rescued it's 10 crew members in another part of the Atlantic and 2018 storm Dennis is believed to have carried it across the ocean.

  • What makes this system so powerful and gives it the name bomb cyclone is a process called bombo Genesis.

  • It occurs when a storm's air pressure drops 24 millibars in 24 hours.

  • And generally speaking, the lower the pressure, the stronger the storm.

  • According to whether historians cited by weather dot com, Dennis is the second strongest storm this region has seen since recordkeeping began more than 150 years ago.

  • And it had bad timing, too, because another storm and hit this part of the world days before Dennis arrived.

  • So the ground was already soaked with rain, likely making the flooding caused by dentists.

  • Even worse, China's Health Commission has renamed the Wuhan Corona virus the novel Corona virus Pneumonia, or NCP.

  • It was first named for the Chinese city of Wuhan, where it was first identified in mid December, and many of our reports on this disease you've seen people wearing facemasks whenever they're out in public.

  • The U.

  • S.

  • Centers for Disease Control does not recommend that the General American public do this.

  • Health officials are concerned that if people buy masks in large numbers, it could leave less of them for health care workers who need them on the job.

  • Many of the masks are actually made in China, and people are required to wear them there.

  • And while yesterday's report looked at the empty shopping centers and restaurants to illustrate the economic toll this virus is taking, today's gives you a sense of what life is like for those who are still getting out and about.

  • Inside Beijing South Railway Station, passengers sporting a range of plastic protective attire, This man dressed in a raincoat, hair net and goggles, another woman donning a plastic veil of sorts, purple latex gloves as she thumbs through her phone.

  • Determined to keep from contracting the novel Corona virus, everyone abiding by the requirement toe wear a mask.

  • Security patrols the terminal and has Matsuda as one worker sprays a liquid bleach like substance around the feet of passengers.

  • This is what train travel has become here in China.

  • Arriving in Shanghai, passengers file through a round of temperature checks, Then, using smartphones, you are required to register your health and travel history on Lee, then you into the city having with normally vibrant financial hub subdued, we stroll down the popular Nanjing Road.

  • Most stores closed the shops that were open.

  • Ego for business tow Walk in you go through what's become a standard temperature reading.

  • Inside the look on, some of the employees faces suggested they're desperate for a return to normalcy.

  • We are in the heart of Shanghai's financial district, and just look how slowly things are moving.

  • There's hardly any traffic at what is normally a very busy circle, and as far as the lunchtime rush, what we've seen, maybe a few folks were out in about.

  • But this certainly does not feel like a city coming back to life.

  • Is that unusual?

  • Les tells us this elevated pedestrian plaza is normally packed mostly with tourist trying to snap a skyline photo A.

  • Someone who works in Finance unit says this strange silence will come at a cost.

  • Do you think that's gonna have Ah, long impact, though economically, I think the overrode that empire will be from a April.

  • Maybe.

  • Do you feel nervous?

  • A little, but not too much, just to remind even my family is take care because outof control out of your own 12th trivia.

  • Which of these U.

  • S department stores with Bounded First Macy's Sears, J.

  • C.

  • Penney for Bloomingdale's?

  • Macy's traces its roots back to the 18 fifties, making it the oldest department store on this list.

  • Macy's recently announced that it plans to close 125 of its stores over the next three years.

  • That's almost 1/5 of all its locations.

  • It expects 2000 jobs to be lost, and the company is hoping this will help it saved money and better adapt to the changing ways in which people shop.

  • This is especially bad news and struggling malls, the ones where foot traffic has decreased simply because fewer and fewer people are shopping there.

  • Macy's is an anchor store, a major retail location that brings in a lot of shoppers that, in turn, visit the smaller stores around it.

  • So take away an anchor store and the whole mall can suffer.

  • Macy's isn't alone, though thousands of stores closed across America last year, some analysts have called this a sort of retail apocalypse.

  • But people are still spending money.

  • They're just doing it differently and away from traditional shopping malls, retail apocalypse store clothe death of them all complete and total takeover of commerce.

  • It's the end of shopping as we know it, right?

  • Well, not exactly.

  • Yes, Retail has had a tough few years.

  • There were 7000 store closings in 2017.

  • We saw big brands like J.

  • C.

  • Penney, Macy's and Sears all shutter stores.

  • The term retail Apocalypse is so pervasive that it even has its own Wikipedia page.

  • But there's another side to this story.

  • In the same year, there were actually 3400 store opening announcements, a 50% surge.

  • According to course, I research a retail think tank.

  • So what's the deal?

  • Is there a retail apocalypse or not?

  • Theat, sir lies somewhere in the middle.

  • At the high and low ends of the retail spectrum, the industry is thriving.

  • Low price stores the old navies in the world have seen their revenue steadily increased 37% over the last five years, and premium retailers luxury stores like Coach are faring even better.

  • Their revenue skyrocketed 81%.

  • Those revenue increases lead to store openings.

  • And while many of the retail apocalypse headlines place blame on e commerce, a recent Deloitte study found that 91% of retail sales still happened in brick and mortar stores.

  • So if retail isn't dying, it's actually doing well.

  • What's going on with those stores in the middle?

  • Well, you contract the decline of those stores closely to the shrinking of the American middle class.

  • The retailers hit hardest over the last few years have been big box and department stores, stores that rely on the middle class of burning mall and since 1975 the U.

  • S built malls at four times the rate of population growth.

  • But over the last 10 years, most Americans have seen their discretionary funds stall or even shrink, and income has dwindled.

  • Those consumers have become more price sensitive, driving them to look for deals at low price stores.

  • On the other hand, rich Americans have seen their net worth and discretionary funds increased, creating more customers for luxury retailers.

  • Meanwhile, stores in the middle like J crew, they've seen their customers flee in both directions.

  • So what we're seeing is less of a retail apocalypse and more of a tale of two retails tended attend.

  • This is about as close as a fan congee get Tau actually seeing what a race car driver sees.

  • It's called drivers I.

  • It's a little blurry and a lot of shaky, but it's live.

  • And because it's mounted inside the lining of drivers helmets, it shows you exactly what direction they're looking in.

  • The new technology was introduced in Formula E racing, and race organizers hope it'll increase fan engagement in the sport.

  • Not everyone will like the aerodynamic.

  • Some will want to make a pit stop if the driver's eye view brings 1/3 dimension of motion sickness.

  • But assuming they could keep their brake balance, they'll chest sees the race from a whole new pole position without needing a head rest.

  • And that could be the spark that leaves fans on the edge of their single seat.

  • I want to give a big shout out to our friends in Scotch Plains, New Jersey That's where you'll find the Academy for Performing Arts.

  • Who's watching today.

  • That's also where people are subscribing in commenting on our new YouTube channel.

here to deliver your Wednesday edition of CNN.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it