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CNN Live Event/Special

America Strikes Back: Stock Markets May Open Lower in Response to Attacks

Aired October 08, 2001 - 06:29   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
LEON HARRIS, CNN ANCHOR: The markets in New York will be opening up in about another two and a half hours. And a question this morning is exactly how the markets are going to be affected by the strikes that happened over the last, oh say, 18 hours or so?

Let's check in now with our Bruce Francis who's at the New York Stock Exchange. He's got a look at that for us this morning -- Bruce.

BRUCE FRANCIS, CNN FINANCIAL NEWS CORRESPONDENT: It's -- dawn has not quite made it here into the urban canyons of New York just a couple of

LEON HARRIS, CNN ANCHOR: ... strikes that happened over the last, oh, say 18 hours or so.

Let's check in now with our Bruce Francis, who is at the New York Stock Exchange. He's got a look at that for us this morning -- Bruce.

BRUCE FRANCIS, CNN FINANCIAL NEWS: Dawn has not quite made it here into the urban canyons of New York just a couple of blocks south of the New York Stock Exchange. The immediate area right around the Stock Exchange is still blocked off.

Still, though, it looks like a pretty normal morning in New York City. There's a milk truck behind me delivering its payload, coffee is on at the coffee shop around the corner.

Still last night on "LARRY KING LIVE," New York City Mayor Rudy Giuliani said that security has been stepped up at all of the places you would expect them to be, and certainly the New York Stock Exchange has got to be on everyone's list of places that you'd expect security to be a little bit tighter this morning.

Folks are just beginning to arrive here, as I mentioned, newspapers being delivered and that sort of thing. Certainly there is a sense of expectation on Wall Street that we could see a lower opening. There was weakness in Hong Kong, and of course, right following -- the week following the September 11 attacks when the Wall Street did open again, we did see a big sell off that week as well.

For just signs of the times: The news ticker outside this spot where we are here outside the Island Exchange, instead of giving the latest news or stock quotes, it just says, "God bless America." And I think that's what a lot of folks are thinking here this morning on Wall Street -- back to you.

HARRIS: All right, Bruce, thank you very much for that report.

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