Yeah United News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. there's been no connection noted. we don't 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 here if this continues very long. what happens? what is the protocol here at the new york stock exc...

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 you're talking about the epicenter of our economy, in a sense. >> there is a redundant system but that's 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 but clearly they're having rather severe technical difficulties at the moment and as bob losani ju...

This morning, today is that this particular issue was involving the entire airline, the entire operation domestically as well as internationally, so that's 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 issues they may encounter, folks out of school with their kids traveling, too. we know there has b...

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. china's stock market was down another 6% last night despite massive efforts by the chinese government to intervene and support stocks. it didn't work. it doesn't 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 but the new york stock exchange has not given an explanation as to exactly what's wrong with the...

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 don't know exactly what happened here but i think your point about united and the new york stock exchange is well taken. regardless if they're connected, regardless if there is some kind of a third party actor here because it's obvious -...