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FBN’s Charlie Gasparino on efforts to get the NYSE open for trading Wednesday.
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And grace I'll talk about this is down but in this there's no official word from from the New York Stock Exchange and we were awaiting a press release or something.
From them a statement from them but this is essentially what they're telling analysts and analysts -- the new York stock change.
Because if it's a publicly traded stock and you know this is this is gonna impact that -- the trading of that stock as well as well as others.
They're saying who looks like a normal that's a quote.
Normal opening for Wednesday.
What does that mean.
They have not given that type of guidance but when you think of normal to New York Stock Exchange would have to think.
Archipelago which is to treat the electronic trading system -- -- floor -- so that's what we hear for tomorrow.
They're they're basically testing the system through today.
And here's what they're saying which I think is -- the archipelago system the electronic system which is where the worry was could -- handle.
Being in a soul be open by itself.
And and and working for Indian functional and orderly market they're saying that everything is working all -- is the word so.
You know what that means I think it is that.
It it's -- and they're gonna open tomorrow -- awaiting official word.
And the probably open which portrayed -- that we don't know that for sure but I'm done so maximizing from that.
I will say this though guys and this is what's going to be the New York Stock Exchange is.
-- after they get this thing go and dig this is going to be the question -- -- asked.
You know why did you shut down OK OK the brokers complained so why.
I -- we supposed to -- ten years after eleven years after 9/11.
All these companies as -- have contingency plans to operate the markets are not surprised to be down because of the store.
We were at work.
You know listen I'm one of the people the 750000.
New Yorkers were out of out of power I walked from my apartment on twenty street right near these I think that you make -- -- point.
Though that not working is not an option.
Here we have generators here to make sure that we're -- my -- -- -- four hours products -- you know what's what position on the picture three or four times that truck from what I'm told at least that's they had to bring to guess in.
Did to pump up the generator for tomorrow's that would lead you to believe -- -- -- -- -- tentative floor traders say that -- -- they're going to be -- Tomorrow I think 80.
But like I said I walk from my apartment on twenty street here on the almost hear it took a -- on the camp.
At second inning of forty secretary was put at the -- -- totally shut down threat but I was in zone eight.
OK I saw the East River for in my backyard I'm right against East River mean it was a pretty scary sight but you know you worked through and a much seems easy.
And I know people get devastated through this and my minimizing it.
But this is not a that this is not a new -- this is not a New York institution this is -- worldwide.
Mobile global all horse.
To exchange right end to end -- -- people overseas are looking at us satellite you what you did learn your lesson after 9/11 something -- save you.
-- in some people say well why not just.
Who cares couple days -- trading that means the value of IBM is unknown for two days.
-- -- The value of corporate are one of the ways we judge we way our economy.
Is to the markets the markets are one of the better ways to say here's how how well the US is doing if -- up -- down -- that's not perfect.
Over the long term there's a long a theory that -- markets and corporate most of the information.
And out there to to to give you an accurate price that's why it's important they're not supposed to be down for 22 days.
At what Wednesday looks like thereof until after two days right that's threatened to exercise check in my own memory of -- were not.
It's not -- at least it's not every praying -- -- -- -- for a terrific report there.
OK so one of the things and that sort of -- --
