NEW YORK (AP) -- Forecasters say Hurricane Sandy is about 470 miles southeast of New York City and the center of the storm is expected to be near the mid-Atlantic coast on Monday night.
The National Hurricane Center said late Sunday night that the storm has top sustained winds of 75, with higher gusts. It is moving toward the northeast at 14 mph. Hurricane-force winds extend up to 175 miles from the storm's center.
Sandy is on track to collide with a wintry storm moving in from the west and cold air streaming down from the Arctic.
Major metropolitan areas from Washington to Boston are bracing for what is expected to be a superstorm that could menace some 50 million people in the most heavily populated corridor in the nation.
National Hurricane Center Director Rick Knabb says the storm's size means some coastal parts of New York and New Jersey can see water rise up to 11 feet above ground from surge and waves. The rest of the coast north of Virginia can see up to 8 feet of surge. He says millions of people may be harmed by inland flooding.
Obama: Storm is 'serious and big,' and slow-moving
President Barack Obama says the storm taking aim at the East Coast is "serious and big" and will be "slow moving."
As for the potential impact on voting, Obama says that "we don't anticipate that at this point but we're obviously going to have a look."
Some states have begun early voting ahead of the Nov. 6 election.
The president made the comments during a visit Sunday to the headquarters of the Federal Emergency Management Agency to get an update on plans for responding to Hurricane Sandy.
The National Response Coordination Center in Washington is where FEMA is managing the deployment of federal resources and teams to states along the East Coast ahead of the storm.
The head of FEMA says "the time for preparing and talking is about over." Craig Fugate says it's now time to act, before Hurricane Sandy moves ashore and collides with two other weather systems, potentially threatening some 50 million people.
Hurricane Sandy grounds thousands of flights
Airlines are continuing to cancel flights in the Northeast as Hurricane Sandy moves up the coast.
The massive storm threatens to bring a near halt to air travel for at least two days in a key region for both domestic and international flights.
Major carriers such as American Airlines, JetBlue and Delta plan to cancel all flights into and out of three area airports in New York, the nation's busiest airspace. Delays are rippling across the U.S. and the Atlantic, affecting travelers in cities such as San Francisco, Chicago and Paris.
Cancellations are mounting. According to the flight-tracking service FlightAware, more than 7,200 flights have been canceled so far. Both Philadelphia International Airport and Newark International Airport, a hub for United Airlines, each had more than 1,200 cancelations for Sunday night and Monday.
The disruption has spread to Asia where numerous airlines canceled or rescheduled flights to New York and Washington from cities such as Tokyo, Hong Kong and Seoul, South Korea. Flight cancelations from European cities are also mounting.
The Port Authority of New York and New Jersey, which runs five airports in the area, says it expects all carriers to cease operations Sunday night. It advised passengers to check with their carriers before heading to the airport.
NYC schools, transit to close ahead of storm
Subway and bus service has been suspended in New York City ahead of the massive storm approaching the eastern third of the U.S.
The city is also closing schools on Monday and ordering some residents in low-lying areas to leave.
Rainfall is expected to start late Sunday or early Monday in New York. Hurricane Sandy is headed north from the Caribbean to meet a winter storm and a cold front. Experts say the rare hybrid storm that results will cause havoc over 800 miles from the East Coast to the Great Lakes.
NYSE to trade electronically today, shut floor
The New York Stock Exchange is closing its trading floor Monday, but trading will continue electronically.
The NYSE says it will invoke its contingency plans.
Trading has rarely stopped for weather. The NYSE shut down on March 27, 1985 for Hurricane Gloria.
The New York Mercantile Exchange also will be shutting its trading floor which is located in a mandatory evacuation zone. The CME Group, which owns NYMEX, says all electronic markets will open at their regularly scheduled times.
Pfizer Inc., NRG Energy and Entergy are rescheduling the release of their third quarter 2012 earnings reports because of the storm.
DC Metro to close Monday because of Sandy
The Washington area's Metro subway and bus system will be closed Monday as the nation's capital braces for Hurricane Sandy.
Metro officials say they made the decision after getting updated forecasts calling for higher wind speeds. The closure of federal government offices in the Washington area also factored into the decision.
There's no timetable for reopening the transit system.
Associated Press
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