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July 8, 2015
Breaking news united airlines. they still have not been able to provide an explanation for their computer glitch and here within the same hour of the update on united, we are talking about the new york stock exchange. theres been no connection noted. we dont want to jump to any conclusions but we would be foolish not to talk about two huge conglomerates. the new york stock exchange and united airlines both within a few hours suffering technical glitches here. but talk to us ron, of the process h...
July 8, 2015
This technical glitch being blamed for the floorwide training hall. cnbc contributor ron is standing by. ron, thank you so much for joining us. first question many assumed there would be a backup system in play when youre talking about the epicenter of our economy, in a sense. >> there is a redundant system but thats usually reserved for something like 9/11. after 9/11, the new york stock exchange built a parallel exchange away from new york city and there are redundancies built into the system ...
July 8, 2015
This morning, today is that this particular issue was involving the entire airline, the entire operation domestically as well as internationally, so thats more than just an isolated flight to belfast. this is a major inconvenience. and last point here tamron this is going to cost united airlines a boatload of money today when they have planes sitting on the ramp like this for so long. >> and it will cost passengers as well those business travels, other people who have planned vacations and other...
July 8, 2015
If that raises concerns about whether this is kind of a cyber security issue of some sort given what happened with united this morning. there are fundamental challenges facing the market right now. chinas stock market was down another 6% last night despite massive efforts by the chinese government to intervene and support stocks. it didnt work. it doesnt appear that this is that type of fund mental reaction. the market has been down all morning anyway. this does look like a technological problem...
July 8, 2015
Here tamron about what may or may not have happened. listen, things do happen. a couple of years ago there was a trading firm called night trading group out of new york city. they basically blew themselves up with a bad software installation, caused their whole systems to go haywire. all these bad trades went through and the firm went under because of that. we dont know exactly what happened here but i think your point about united and the new york stock exchange is well taken. regardless if the...
July 8, 2015
Something well be asking and something united airlines will be asking as well if they dont already know what has happened here. i suspect they already have a pretty good handle on what the problem was today. >> thank you, tom. also developing were learning new details about the gunman. an undocumented immigrant with the gun he used to kill a 32-year-old woman on san francisco pier a popular location in that city. the gun belonged to a federal agent with the bureau of land management and that i...
July 8, 2015
Tamron? >> tom, let me go back to you. again, because this is a heavy focus on united airlines and its their problem here with this computer glitch. theyve taken a lot of pr hits as of late tom, from people who were diverted to canada and were forced to stay at that military barracks and a couple other incidents that were reported lately in the news regarding this airline. >> yeah united has not had an easy run of it the last five weeks or so. they had that diversion, a flight that was headed ov...
July 8, 2015
>> well at the moment nothing. we were having a bad day anyway based on the big decline in china about the uncertainty surrounding greece and the ongoing debt negotiations between greece and the european union. if this is purely just a technology glitch and something that the new york stock exchange will ultimately have to address in greater detail then no i mean its not the type of thing where you take long-term money out of the stock market and run the other way. never really a good idea to se...
July 8, 2015
L.a.x. airport, chicago ohares airport, people scrambling to get information as to what was going on. and now here we are at around 11:30 eastern time following breaking news at the new york stock exchange where trading has been placed on a halt. let me go to my colleague, chuck todd. he is in for andrea mitchell. chuck, youre picking up our coverage. >> i am, tamron. obviously weve got a ton of breaking news and a brand new exclusive interview with donald trump that my colleague kayty tur just ...
July 8, 2015
Viewers and your viewers that back in august 2013 the nasdaq suffered a three-hour outage as well. so to your earlier guests point about computer system issues this is not just an nyse problem. we have seen this now twice in two years, both with the nasdaq and now with the nyse. >> yeah and brian, its interesting as well that you point the information or the limited information that were receiving from the new york stock exchange, as you put it keeping us in the dark here. were also at this very...