No damages to the building. Of course, all morning, meetings with the Operations Team to make sure that things are possible to get going. A lot of issues concerning connectivity, for example, can they get data in and out of the buildings, not just the nyse but the nasdaq, other exchanges as well. The important thing is the systems appear to be working now, the thing we were waiting for. Nasdaq also says they are going to open as usual, bats says they are open as usual. Dont have a statement from direct edge, i assume they are going to be opening as usual. This is looking more like good news. Now, this is coming a little earlier than i had anticipated. Right. Because remember, there are some things they dont control like, for example, the ver ripz system downtown, they dont have. Theres no power downtown. They dont have necessarily control over the phone operation and the data systems that are going in there. They have been testing that all morning to make sure they can actually do it w
Doing. Theyre in close contact with federal, state, and local officials. Theyll make sure we get the resources to those families as swiftly as possible. Again, i want to thank everybody here whos doing such a great job when it comes to the disaster response. The final message i just say is, you know, during the darkness of the storm, i think we also saw whats brightest in america. I mean, i think all of us obviously have been shocked by the force of Mother Nature as we watch it on television. At the same time, weve also seen nurses at nyu hospital carrying fragile newborns to safety. Weve seen incredibly brave firefighters in queens waist deep in water battling infernos and rescuing people in boats. One of my favorite stories is in north carolina. The coast guard going out to save a sinking ship. They sent a rescue swimmer out. The rescue swimmer said, hi, im dan. I understand you guys need a ride. You know, that kind of spirit of resilience and strength, but most importantly looking o
Welcome closing bell, everybody. Really important last hour of trade. Im mandy drury in for maria bartiromo. Im bill griffith. The dow erasing half of its losses following word that the house is scheduled now to reconvene sunday evening, and, of course, thats helping to spark a turnaround on wall street. The guess is that maybe they will have something to talk about by that time. Maybe they will have a deal to vote on, but were not going to get ahead of ourselves right now. The dow down 70 points and was down 140, something in the lows. Now at 13,044. Yes, we were below 13,000 for a time. The nasdaq is down 17 now at 2973. And the s p 500 index is down eight points right now at 1411. So the tax cuts and spending cuts, theres fear of another u. S. Debt downgrade by the major rating agencies. Will that happen, and will it derail any hopes of a real economic recovery . In todays Closing Bell Exchange lee munson and jared bernstein, cnbc contributor and former chief economist under Vice Pr
Tuesday, october 30th, merc votes one week from today. And here is todays company. David webb from tea party 360. Com and also, tom sullivan is here and we always love having him here this hour. First, the latest from the markets. For the first time in more than a century, the weather has closeded New York Stock Exchange for two straight days, but fox businesss Charlie Gasparino told an exchange official told him its 99 certain the market will open tomorrow. The market officials will be on a call at 10 a. M. Eastern to make that determination, so well have that news for you. And Hurricane Sandy didnt stop ford from reporting earnings. Why would it . Ford much better than expected profit. And costs cut and north america was phenomenal. Dont forget a week away from president ial elections both candidates may bring this up between now and then and speaking of which the key swing state of ohio seems to be tilting tornado romney. And its obviously close, but the first time romney had even a
Anxiety over the a. I. Trade. Also more signs of rapidly slowing in this economy. And of course there is this concern about the anticipation of political, potential political fireworks this afternoon. Meanwhile nvidia hitting a speed bump. Of course wall street loves it. You should see the new targets on it. The question though, should you still who have it too . Were hours away from the first faceoff in the president ial election. I will lay down the economic concerns no one in the media is really talking about. We have the great bret baier and beverly hall berk here. They will hand cap the matchup. One thing is certain, someone will win this election in november. Guess what . You can make money on it. Get out a pen and pad. You can hear from a special guest how to actually do that. We have all that, my take why we dont want to be like europe. I will explain. All that and so much more on making money. Charles so, im sure that youve heard of the hybrid vehicles, everyone has. Well, you