According to the National Oceanic and Atmospheric Administration, Hurricane Irma has become an extremely dangerous category 5 hurricane. The storm is the most powerful Atlantic hurricane on record with maximum sustained wind speeds of more than 185 mph. Overnight, the island of Saint Martin was devastated.

Irma is expected to make landfall in Puerto Rico Wednesday afternoon and hit Florida this weekend.   

In a bulletin, NOAA said, "On the forecast track, the extremely dangerous core of Irma will move over portions of the Virgin Islands very soon, pass near or just north of Puerto Rico this afternoon or tonight, pass near or just north of the coast of the Dominican Republic Thursday, and be near the Turks and Caicos and southeastern Bahamas late Thursday."

Florida governor Rick Scott has declared a state of emergency for all 67 counties. 

Stick with TheStreet for updated Irma coverage:

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