Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Stuart T who wrote (60250)	9/16/1999 12:09:00 PM
From: Dolfan	Respond to of 90042

Hi everyone. CS sure is a nail-biter huh. I am also intrigued of why the uncertainty of earnings date. Hurricane Floyd sends financial folks home in a hurry September 16, 1999: 11:23 a.m. ET NEW YORK (Reuters) - The New York Stock Exchange planned to stay open, but other financial markets decided to shut or mulled early closings Thursday as Hurricane Floyd threatened to tie up Manhattan in wet and windy gridlock. As heavy winds and rain whipped the city, the New York Mercantile Exchange and Commodity Exchange said they would close early. The Bond Market Association (TBMA) is recommending a 1p.m. ET close today for U.S. fixed-income markets. The American Stock Exchange also is considering closing up shop early. But the New York Stock Exchange, the world's biggest, said it wasn't considering cutting trading short. "We have no plans at this point," said Ray Pellecchia, an exchange spokesman. Public schools in the city were closed, and Mayor Rudolph Giuliani said the city would allow all city employees to go home between noon and 3 p.m. to alleviate any possible burden on subways, with the exception of employees potentially participating in emergency services necessary due to Floyd's gusty arrival this afternoon. Giuliani suggested that private businesses institute the same kind of staggered release of employees this afternoon. In the city, the main concern was that if the storm hit hard, highways and subways could flood, stranding thousands of commuters. A TBMA spokeswoman said, "We are considering an early close. We will issue a statement within the hour." TBMA recommendations would apply to trading of U.S. government securities, mortgage- and asset-backed securities, over-the-counter investment-grade corporate bonds, municipal bonds, and secondary money market trading in bankers' acceptances, commercial paper and Yankee and Euro certificates of deposit. TBMA, formerly the Public Securities Association, said individual firms are free to decide for themselves whether fixed-income departments remain open.