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Missouri governor declares state of emergency over flooding with more rain on the way

Missouri Governor Mike Kehoe waits for U.S. Vice President JD Vance’s arrival at Kansas City International Airport May 18, 2026, in Kansas City, Missouri. Vance will be in Kansas City, where he will deliver remarks on the Trump administration’s efforts to support American manufacturing during a visit to a facility. (Photo by Eric Lee-Pool/Getty Images)

(MISSOURI) — Emergency responders are at the scene of a campground in Missouri where a building reportedly collapsed into floodwaters amid flash flooding on Friday.

Initial reports indicate 10 to 17 individuals may have entered the water as a result of the collapse, according to the Reynolds County Sheriff’s Office.

Five campers who were previously reported missing from Bearcat Getaway Campground have been located and accounted for while the search for those who may have been in the building that collapsed continues.

Over 90 water rescues have been conducted involving residents, campers and motorists affected by rapidly rising floodwaters, the sheriff’s office said.

The governor of Missouri declared a state of emergency on Friday in response to flash flooding. 

“Over the past 24 hours, intense storms have created dangerous flash flooding across several regions of Missouri, resulting in multiple swift-water rescues. Activating the State Emergency Operations Plan allows our agencies to move quickly, coordinate resources, and support local response efforts,” Gov. Mike Kehoe said in a statement Friday. 

“With additional heavy rain expected through the weekend, the threat is not over. If you’re camping, floating, or spending time near rivers and streams, move to higher ground and stay alert of weather conditions,” Kehoe said. “Missourians should continue to monitor local forecasts and follow the guidance of local authorities.”

Rescue operations began around 2:30 a.m. on Friday after emergency calls reported numerous campers trapped by rising water, according to the Missouri State Highway Patrol.

A flash flood emergency has been declared for several locations in Missouri and additional thunderstorms with heavy rain are expected to continue throughout the evening. 

Water rescues were reported amid catastrophic flooding.

In parts of Iron and Reynolds counties, 7 to 12 inches of rain have fallen. The Black River at Lesterville rose 8 feet in an hour, with that water working its way toward Annapolis, where river levels quickly rose. 

This emergency includes recreational places such as Johnson’s Shut-Ins and Taum Sauk Mountain State Park. Towns in the emergency include Viburnum, Annapolis, Glover, Oates, Bixby, Lesterville, Black, Hogan, Chloride, and Sabula. 

Additional rounds of heavy rain and storms will continue from the central Plains east to the Ohio Valley and interior parts of the Northeast through this weekend.

There is a level 3 of 4 (moderate risk) for excessive rainfall over already hard-hit southeastern Missouri on Friday. Also, a level 2 of 4 (slight risk) for excessive rainfall from parts of the Mid-Mississippi Valley to the Central Appalachians.

A Flood Watch is in effect for over 21 million Americans, from Pennsylvania to Tennessee and west to Missouri.

Officials are warning Missourians not to attempt to drive through floodwaters even if the water appears shallow. 

Just six inches of floodwater can sweep a person off their feet, and as little as one foot of water can move most cars off the road.

“More than half of flood deaths in Missouri are victims in vehicles. Nighttime severe weather is particularly dangerous because visibility is severely reduced. If you find yourself stranded by floodwaters, immediately call for help and seek higher ground,” the governor’s office warned Friday. 

Copyright © 2026, ABC Audio. All rights reserved.

Want to buy a sports team? You better hurry, and bring a ton of cash

(CNN) — The Los Angeles Lakers, the Super Bowl champion Seattle Seahawks, a chunk of the New York Yankees. Teams are turning over at a rapid pace, driving valuations to stratospheric heights.One reason for the sales boom you might expect: There are an ever-increasing number of billionaires with the resources to buy teams. More demand, plus a limited supply of teams, equals higher prices.But experts also offered a surprising reason: artificial intelligence. Sports is believed to be a relatively AI-proof investment. Teams are not likely to be upended by the game-changing technology the way other investments might be.“I’m willing to bet odds are greater that in 100 years that the Yankees will be here compared to IBM being here,” said Sal Galatioto, a leading investment banker in the field of selling sports teams.Galatioto has been negotiating deals to buy teams, or a stake in teams, for 30 years. He said he’s never been busier.“People have never bought teams for cash returns,” he said. “You bought it for long-term appreciation, and ego gratification and scarcity value. You bought it like fine art. Now it’s a hedge against technology disruption.”There are a number of other businesses that may be AI-proof or even benefit from its growth, such as electric utilities, said Victor Matheson, an economics professor at the College of the Holy Cross and an expert in sports business. But he says sports teams are much “sexier.”“No one has ever dreamed of being CEO of (electric company) National Grid,” Matheson said. “But everyone dreamed of being the owner or manager of the Yankees”The gold rush is tangibleJust this month, former Disney CEO Bob Iger and venture capitalist Josh Kushner agreed to buy a controlling interest in the Lakers, in a deal valuing the team at a record $12.5 billion. Fenway Sports Group, which also owns the Boston Red Sox, reportedly sold 40% of Premier League club Liverpool to a consortium that includes Amazon founder Jeff Bezos.And last week, Major League Baseball approved the $3.9 billion sale of the San Diego Padres to a private equity billionaire and his wife. That beats the $2.4 billion hedge fund manager Steve Cohen paid for the New York Mets in 2020. Meanwhile, the National Football League moved closer to approving a record $9.6 billion sale for the Seattle Seahawks.On Friday, the NBA’s Minnesota Timberwolves and WNBA’s Lynx were sold in a deal valued at $4.5 billion.And baseball’s most valuable team, the Yankees, agreed this month to a $2.6 billion injection from Apollo Global Management, a private equity firm, for a minority stake in the team.Private equity’s growing interest in sports teams is another sign of the buying boom, said Irwin Kirshner, the head of the sports law group at the law firm Herrick Feinstein.“Every year (valuations) seems to go up more, and so I think private equity started to recognize the value of this opportunity,” Kirshner said.Media rights, sports betting help drive growthThe value of live sports broadcasts has never been higher. In the age of on-demand viewership, sports broadcasts are one of the only things people will watch with advertisements. The entry of streaming services such as Amazon, Apple and Netflix have only increased the rights fees.“Who knows what new technology will come out to distribute the games,” said Galatioto. “If you own the content, it doesn’t matter how it’s distributed.”Sports betting, legalized in a 2018 Supreme Court decision, has growing mainstream appeal, supercharging viewership. When people have money riding on an event, they’re more likely to watch two teams they otherwise would have little interest in.“You might have as much as a billion dollars a year in total gambling money being handed over to the teams and leagues,” said Matheson, including a new pool of sponsors. “And there’s the thought that people who are gambling more are more likely to tune in, which means more butts in the seats, as well as more eyeballs on the TVs.”Lastly, sports teams are a limited commodity — there are only so many available for sale.Some, like the Padres, only go on the block when their owner passes away. But there are also teams like the NFL’s New York Giants, who have been under the control of the Mara family for more than a century, that are willing to sell off a portion of their team.Selling minority stakes in sports teams is nothing new, but the practice has become more common. And the makeup of the buyers is also becoming broader: American investors are swallowing up European soccer clubs, while North American sports clubs are getting purchased by foreign investors.Many of these owners are counting on one fact: Even if they overpay or lose money in the short term, eventually selling the team will result in a big payday.“You can afford to overpay as long as you believe that there will be people in the future willing to overpay by at least as much or more,” said Matheson.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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