00:00It's Benzinga, and here's what's on the block.
00:02Typhoon Babinka struck Shanghai on Monday morning as a Category 1 storm, marking the
00:06most powerful storm to hit the city in over seven decades.
00:10The storm made landfall early Monday morning with wind speeds of nearly 100 miles per hour,
00:15prompting the evacuation of over 400,000 residents.
00:18More than 1,400 flights have been canceled, and parks, businesses, and resorts were closed.
00:23The storm moved toward the Jiangsu province by early afternoon, though rain persisted
00:27in Shanghai.
00:28For all things money, visit Benzinga.com.
Comments