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Hurricane Sandy moved closer to the New Jersey coastline Monday morning and was expected to pummel shore communities with 85 miles per hour wind, extreme tides and severe flooding later this afternoon.
The National Hurricane Center has warned nearly half a dozen states including New York, Virginia, Connecticut and Pennsylvania to prepare for what many are calling a "Frankenstorm" — a frightening mix of rain, snow and wind that's part hurricane, part nor'easter.
More than 60 million Americans are likely to be impacted by Sandy and experts are already forecasting damages in the range of $2 billion to $100 billion.
Related: Hurricane Sandy: Economic Impact Could Pound Main Street
Hundreds of schools, offices, shopping malls and restaurants have closed their doors in anticipation of the hurricane. Broadway theaters canceled their shows. Atlantic City casinos sent gamblers home.
New York City suspended all subway and bus service and New Jersey shut down its public transportation. U.S. stock markets also halted both floor and electronic trading on Monday. The last time the New York Stock Exchange closed because of a weather-related event was on Sept. 27, 1985, when Hurricane Gloria pounded the East Coast.
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