Marketplace: News Archives

Friday, September 14, 2001
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It's Friday, September 14th. I'm David Brancaccio. A miserable 'damp' blanketed New York today as rescue workers continued to dig through the rubble from Tuesday's destruction of the World Trade Center. Despite continuing rescue efforts, the financial district is also trying to see if it can reopen for business Monday, a step that will have major symbolic as well as practical implications. Marketplace's Bob Moon managed to get onto Wall Street today.

You can hear Bob Moons's report as a part of the whole broadcast by clicking the audio link above, or listen to the individual piece here.

The current plan at the NASDAQ and New York Stock Exchanges is to power up stock trading computers for a test run at 9:30 eastern time tomorrow morning. The stock market is, in essence, a vast computer network, so among the major open questions is whether the data lines that this network together are still functioning post-disaster. The phone company Verizon was busy today unreeling temporary fiber-optic lines to bolster its capacity in the New York financial district. Verizon's co-CEO said he thinks things will be ready for prime time on Monday, but "we don't know until we open on Monday."

Things do not bode well for the U.S. stock market, if and when it opens Monday. Today, London's FT-100 index fell 4 percent, Germany was down 6 percent. The key stock index in Toronto fell nearly three percent to a two year low. Dallas stock broker and business analyst David Johnson will explain...

Rundown

For our feature coverage of the World Trade Center disaster, please visit http://www.marketplace.org/features/unaccountable/.

Look-Ahead

Coming up on September 17: Coming up on Marketplace, a look at the American markets as the reopen...