New York Stock Exchange to close second consecutive day

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-- -- Well -- brought outside your stock exchange today these sandbags.

Literally outside big board headquarters they have shut trading down a today.

It enables such trading down tomorrow as well.

But today by the way for those you keep track of these historical.

-- side notes is the anniversary of the great 1929 stock market crash this anniversary itself.

-- -- -- market lore.

Is Sandra Smith down there right now what what can we expect now.

-- I guess or at least.

Chicago mercantile -- but what can expect now from here what what are they planning on doing.

While we do now for sure Ernie all that the New York Stock Exchange will be shot for a second straight day and this is the first consecutive.

-- day string that we've ever seen for the stock market closed dating back in 191888.

Ansari.

So that is confirmed at this point in the stock and the New York Stock Exchange nice Euronext the parent of the New York's got -- stock exchange.

Putting out a statement today saying quote that it's closing its markets in coordination with all US equities bonds options and derivatives markets.

On Tuesday.

The New York Mercantile Exchange where everything from oil to gold trades that we have just confirmed that the CME moments ago will be shot in lower Manhattan.

I again although those products will continue to trade electronically.

Interest rate futures and stock index futures we have also just confirmed will begin trading again tonight -- I important to point out that stock index futures while they will treat again tonight.

They will close early at 8:15 AM central time at 9:15 -- and eastern time tomorrow morning.

And of course -- risk posed by yeah hurricane sandy.

Made Manhattan -- the ghost town today with most offices shut down.

One area where traders were focusing L was in oil and gasoline two thirds of the refineries along the East Coast were shot today.

And that led to a spike in our Bob gasoline prices at a selloff in oil oil fell to levels not seen in months and today's session and yell.

Also been -- York stock exchange said in its statement that it does fully intend.

To reopen the stock exchange Wednesday October 3 31 which of course is Halloween all depending on the weather of course back to -- And the flooding all right thank you Sandra very very much.

Popularly -- he's the chief operating officer over at the New York Stock Exchange Larry that is the plan I guess Wednesday to resume activity around.

-- -- you know our weather is and on certain thing that but that's what we are in the industry are all working.

-- -- -- All right now obviously people forget that when when when trading is shut down you can't trade within your for a one -- -- really do much of Benedict.

And even volume abroad is effective because many trade off of the United States -- back to port do you think that there are gonna be long term.

Financial impacts from that sort of -- that he simply and a.

No I I don't think so I mean I think.

It it it's natural disaster or you know there's a lot of things going on I think that people.

Really impact long term investor confidence is that Decatur option I think most people understand.

The level of -- and it's been based in East Coast right now and I think people have been pretty understanding about it.

Now what people forget about the geography of that Aries you know -- Larry is it's it's it's very low and it areas get very very flooded that happen after.

9/11.

When when there was a great deal of flooding of the existing backup systems and that was among the reasons why there was a delayed opening.

Of the exchanges are so obvious you're keeping.

An -- -- water levels right.

Yeah of course it honestly I think it's -- -- any other financial firms here on in lower Manhattan in everywhere and he's got you know.

Workers who -- either stranded -- aren't going to work -- But particularly lower Manhattan and did ground ground rivers -- work through this storm -- area.

Whore -- thank you very very much we appreciate it.

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New York Stock Exchange to close second consecutive day

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