U.S. Economy set to take possible hit of $2.5B in the wake of Hurricane Matthew

(qlmbusinessnews.com via www.bloomberg.com – – Thu, 6 Oct, 2016) London, Uk – –

Hurricane Matthew could become the first major hurricane, with winds of 111 miles per hour or more, to hit the U.S. Since Wilma struck Florida in 2005. The storm’s track up the coast could mean $25 billion to $35 billion in damage, with some worst-case scenarios pushing that figure as high as $50 billion.

Bloomberg's Brian Sullivan reports on “Bloomberg Markets.”