 Hurricane Beryl has made landfall near Matagorda, Texas this morning. It is moving off towards the north at about 12 miles an hour. Sustained winds are 80 miles an hour, but it will be weakening now that it's moving inland. It's expected to be a tropical storm later this morning. It's going to bring some very heavy rain to portions of eastern and southeastern Texas, especially to the southwest of the Houston area this morning. It'll then lift up through northeastern Texas. Lots of areas in eastern Texas are likely to see flash flooding over the next 24 hours. I'm Rob Carolin, Bloomberg Radio.