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Stock Markets Closed Ahead of Sandy

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  • Description

    FBN’s Robert Gray on the closure of the NYSE and other markets.

  • Duration 2:50
  • Date

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That's right of their parts of New York City that are all did just completely deserted at this point.

And one area is Wall Street lower Manhattan brought to its knees already.

By hurricanes and -- in anticipation of this storm.

The financial district has been evacuated and shut down and there is no stock trading today period Robert -- is downtown.

In New York City with more hey Robert.

A good morning -- and that's right now the -- is starting to come down a little -- it fairly steady so far no -- to really to speak up.

As you do have sunrise ever New York Harbor here you can see the statue of liberty off in the distance behind me still -- -- -- this time of day you would typically see.

Ferries coming in from New Jersey the Staten Island fairly bringing in people of starting to bring traders and other people to work in lower Manhattan -- not be seeing that today the path train in for New Jersey also.

Shut down as a midnight last night no subway service.

In this city today not bring anyone to no buses no cars really coming and that's when I came in a couple of hours ago that I saw a single taxi.

And if you police cars -- now is that -- scene you know one intrepid jogger out here it's only just went by on a bicycle but otherwise it is really does -- here.

In lower Manhattan -- the investment banks the large private equity firms also law firms everyone pretty much shutting down only essential.

Critical personnel coming into the offices others working from home -- simply getting a day off like the school kids as schools are closed in New York City area and also colleges as well.

But I again no stock trading in New York Stock Exchange we haven't had a weather related closure.

Since all the way back in January of 1986 the blizzard calls -- -- open at an early close on the same day.

And going for a hurricane not closure have to go all the way back to 1985 hurricane Gloria the last time we saw that.

We haven't had four straight days.

Of the New York Stock Exchange being closed since January 2007.

-- -- when it was clothes a special day for a president Gerald Ford's funeral.

Coming right after the New Year's holidays so you usually will not see New York Stock Exchange close more than three consecutive days.

Traders and folks in the securities business are bracing for that possibility tomorrow -- we're not expected to get.

The -- of the worst of this storm until later today possibly even tonight.

Day getting Connell so a lot of folks -- not sure we'll have electronic trading tomorrow or not as we know -- New York Stock Exchange had.

Toyed with the idea of going with just electronic trading no floor trading in debt of 180 closing at all -- offered a day in the options exchange CBO he has not trading today.

The ceemea why is -- halting up early.

Any trading and equity futures they will be trading commodities futures and nymex -- -- -- York mercantile exchange also base in lower Manhattan.

Not -- conducting floor trading today back to -- Judea.

Robert thank you for that just be safe my friend -- -- Robert Gray and the Harmon.

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