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To: AllansAlias who wrote (13078)9/11/2001 4:53:23 PM
From: stomper  Read Replies (1) | Respond to of 209892
 
And all destined for L.A. Filled to the cap with jet fuel. Incredible.

Markets Closed Tomorrow:
NYSE, Nasdaq, Amex to Close Wednesday
Sep 11 4:31pm ET

NEW YORK (Reuters) - The New York Stock Exchange said on Tuesday that the main U.S. stock exchanges will not resume trade Wednesday, one day after U.S. financial markets were shut due to mass destruction in lower Manhattan from air attacks that leveled the World Trade Center's twin towers.

"The American Stock Exchange, the Nasdaq Stock Market and the New York Stock Exchange, after consultation with the U.S. Securities and Exchange Commission and in light of the heinous attack on America, have decided to remain closed through Wednesday, September 12," the New York Stock Exchange said in a prepared statement.

"The U.S. markets, after further consultation with the SEC, will announce tomorrow when U.S. equities markets will reopen," the statement concluded.

Earlier on Tuesday, SEC Chairman Harvey Pitt said that the U.S. securities markets had decided not to open for trading Tuesday after three planes were crashed into buildings in New York and Washington.

The three hijacked planes slammed into U.S. landmarks, destroying New York's World Trade Center and plunging part of the Pentagon outside Washington into flames. Financial markets closed in the United States as investors remained fixated on television and wire reports for clues as to the extent and source of the attack.

Pitt said in a statement that trading would resume "as soon as it is practicable to do so."

More Finance News



To: AllansAlias who wrote (13078)9/11/2001 5:23:23 PM
From: JRI  Respond to of 209892
 
AA- There is no question that the airlines are going to take a major publicity hit for this....They've known for years that a plane full of fuel is equivelent to an enormous bomb if it hits a building...

While I can comprehend the difficulty of keeping every nut case off a flight that is carrying a weapon, what is really unconscienable (sp?) is the total lack of safety proceeds for entering a cockpit and/or proceedures if someone does.....there have been so many air rage incidents over the past few years...in which madmen have entered the cockpit with a kick of the door (or less). Literally, nothing has ever been done to make those doors secure...there is not even the safety glass you'd find at a bank teller window. Breaking into a cockpit is easier than your own home door.

The airlines have known about this for quite a while, but it would take $$ to re-trofit airplanes, and they obviously didn't see the need up until now.

That will all change now....The heads of the major airlines have to be feeling queasy...