You're watching...
NYSE Euronext COO Lawrence Leibowitz on what to expect once markets resume trading.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Neck of the woods.
-- is also -- to New York Stock Exchange.
That organizations find CEO Larry Leibowitz.
On the phone with me right now Larry again.
As expected trading will will not happen tomorrow.
But a lot of folks do you now getting concern for Wednesday.
Would all be accompanied flooding and whether even if you wanna trade.
Technical you'll be able to trade -- he's.
Well look where.
We're making every effort to make sure that trade on Wednesday we've got a lot of plants and lots.
Logistics civil war grew and -- will or interpreted it is -- here so.
You know it's our every intention -- and the other exchanges.
In the US market that we're going to open the markets and you know in -- former weren't.
All right on the Larry is we're looking midtown that and by the way I was trying to say a lot of these emergency vehicles were just.
For this set of feared to have a Crane that collapsed that -- clouds yet but on -- as well let's for a debris falling on sixth avenue from some of the older buildings on -- avenue so it's not just exclusively off -- this.
Tower this very slightly tower that is not even complete but would be when completed the largest private residence.
In the world the tallest at least and also the richest.
Units in that particular building.
Touching on average ten million dollars -- conduct but I I I digress I guess we're back to you and -- new York stock.
Exchanged if there's concern in it it is always midtown Manhattan.
About rocks and debris falling on folks about lower Manhattan still being -- -- goes down that might change.
But it is going to make trading once it does resume on resume on very limited forcibly limited volume -- Well you know not everything emanates from -- from lower Manhattan -- and he could emanate from China.
And I think that you know at a certain point we we are gonna feel the need to get these markets open and they'll help people feel more comfortable and people can do restraint sir I don't think -- -- You're right if people it is to work there will be less liquidity -- that was that was part of the concerns over the last couple days do.
But but you know this looks really -- right now.
You know being sort of settle out tomorrow midday.
You know by Wednesday people -- in probably getting although obviously a lot of mass -- will not be available.
-- in the morning and we're spending a lot of time on.
You know contingencies for -- -- transportation people into New York.
You know.
They're bridges or tunnels are open but mass transit is not available.
We shall see Larry thank you very much I imagine you haven't had a lot of sleep during her hand but thank you for taking the time to update us on what's.
What's going on again.
