Closing Bell can refer to two CNBC programs: the original Closing Bell on CNBC (which debuted on February 4, 2002) and European Closing Bell on CNBC Europe (which was cancelled on December 18, 2015).
79-492: The show is named after the bell that is rung to signify the end of a trading session on the New York Stock Exchange which occurs at 4:00 pm EST. Many exchanges used to signify end of trading with a gong or bell when they were operated on an open outcry basis. The New York Stock Exchange still uses this system and often invites special guests to ring the bell. The CNBC shows use this name as they cover
158-553: A Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds , or retirement accounts . The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement . Previously, securities exchange had been intermediated by
237-463: A National Historic Landmark in 1978. 18 Broad Street is also a New York City designated landmark . The New York Stock Exchange is closed on New Year's Day , Martin Luther King Jr. Day , Washington's Birthday , Good Friday , Memorial Day , Juneteenth National Independence Day , Independence Day , Labor Day , Thanksgiving , and Christmas . When those holidays occur on a weekend,
316-473: A technical writer for United Launch Alliance , has created at least 15,000 procedures for more than 300 missions since the Solar Maximum Mission , which launched Feb. 14, 1980. These documents are living documents, which reflect new issues and solutions as they develop. Each mission requires approximately 100 procedure books. Proceeding with the countdown depends on several factors, such as
395-431: A 203-year process of paper transactions and ushering in an era of automated trading. As of January 24, 2007, all NYSE stocks can be traded via its electronic hybrid market (except for a small group of very high-priced stocks). Customers can now send orders for immediate electronic execution, or route orders to the floor for trade in the auction market. In the first three months of 2007, in excess of 82% of all order volume
474-519: A base value of 50 points equal to the 1965 yearly close. This was done to reflect the value of all stocks trading at the exchange, in contrast with the then predominant Dow Jones Industrial Average which tracks just 30 stocks. To raise the profile of the composite index, in 2003, the NYSE set its new base value of 5,000 points equal to the 2002 yearly close. Its close at the end of 2013 was 10,400.32. In October 2008, NYSE Euronext completed acquisition of
553-479: A change of ownership of a corporation holding a trading license. The Barnes family is the only known lineage to have five generations of NYSE members: Winthrop H. Barnes (admitted 1894), Richard W.P. Barnes (admitted 1926), Richard S. Barnes (admitted 1951), Robert H. Barnes (admitted 1972), Derek J. Barnes (admitted 2003) . In the mid-1960s, the NYSE Composite Index (NYSE: NYA) was created, with
632-545: A co-anchor of the now-cancelled TechCheck , joined Brennan as co-anchor of Closing Bell: Overtime . Also on February 21, production of Closing Bell: Overtime was relocated to CNBC's Global Headquarters in Englewood Cliffs, New Jersey. The program covers the last hour of trading in the US stock markets, covering the closing bells of the NYSE and NASDAQ Stock Market at 4pm ET. Bob Pisani provides live reports from
711-520: A comet or some other space object, like a spacecraft . Other events for which countdowns are commonly used include the detonation of an explosive, the start of a race, the start of the New Year , or any anxiously anticipated event. An early use of a countdown once signaled the start of a Cambridge University rowing race. One of the first known associations with rockets was in the 1929 German science fiction movie Frau im Mond (English: Woman in
790-611: A conclusion as to the cause. The regulators found no evidence that the fall was caused by erroneous ("fat finger") orders. On October 29, 2012, the stock exchange was shut down for two days due to Hurricane Sandy . The last time the stock exchange was closed due to weather for a full two days was on March 12 and 13, 1888. On May 1, 2014, the stock exchange was fined $ 4.5 million by the Securities and Exchange Commission to settle charges that it had violated market rules. On August 14, 2014, Berkshire Hathaway 's A Class shares,
869-556: A deal in which NASDAQ would have taken control of the stock exchanges. NYSE Euronext rejected this offer twice, but it was finally terminated after the United States Department of Justice indicated their intention to block the deal due to antitrust concerns. In December 2012, ICE had proposed to buy NYSE Euronext in a stock swap with a valuation of $ 8 billion. NYSE Euronext shareholders would receive either $ 33.12 in cash, or $ 11.27 in cash and approximately
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#1732786684620948-581: A delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted, as well as formal organs of governance. After re-forming as the New York Stock and Exchange Board, the broker organization began renting out space exclusively for securities trading, which previously had been taking place at the Tontine Coffee House . Several locations were used between 1817 and 1865, when
1027-407: A few seconds before T−0 and brought to full throttle around T−0. Solid rocket motors, which cannot be extinguished, are lit at T−0 and achieve full power a few seconds later. If a rocket has hold-down clamps which can withstand full engine thrust, the moment the clamps are released defines T−0. In Fritz Lang 's film Frau im Mond , after each number the phrase "seconds to go" was repeated. At
1106-560: A for-profit, public company. It began trading under the name NYSE Group on March 8, 2006. On April 4, 2007, the NYSE Group completed its merger with Euronext, the European combined stock market, thus forming NYSE Euronext , the first transatlantic stock exchange. Wall Street is the leading U.S. money center for international financial activities and the foremost U.S. location for the conduct of wholesale financial services. "It comprises
1185-399: A for-profit, publicly traded company. Seat owners received $ 500,000 in cash per seat and 77,000 shares of the newly formed corporation. The NYSE now sells one-year licenses to trade directly on the exchange. Licenses for floor trading are available for $ 40,000 and a license for bond trading is available for as little as $ 1,000 as of 2010. Neither are resellable, but may be transferable during
1264-484: A launch, most countdown clocks begin to show Mission Elapsed Time , which is typically shown as "T plus." The adjacent picture shows "+00:00:07", approximately seven seconds after liftoff. The time T−0 is specifically the moment of launch commit , when it is no longer possible to prevent liftoff. This is necessarily slightly before the moment the rocket actually lifts off the launch pad. Liquid-fueled rocket engines (which can be turned off after ignition) are normally lit
1343-690: A matrix of wholesale financial sectors, financial markets, financial institutions, and financial industry firms" (Robert, 2002). The principal sectors are securities industry, commercial banking, asset management, and insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE and the CEO was Duncan Niederauer . Currently, the chairman is Jeffrey Sprecher. In 2016, NYSE owner Intercontinental Exchange Inc. earned $ 419 million in listings-related revenues. The exchange
1422-485: A more modern, continuous trading system superior to the NYSE's twice-daily call sessions". The Open Board of Stock Brokers merged with the NYSE in 1869. Robert Wright of Bloomberg writes that the merger increased the NYSE's members as well as trading volume, as "several dozen regional exchanges were also competing with the NYSE for customers. Buyers, sellers and dealers all wanted to complete transactions as quickly and cheaply as technologically possible and that meant finding
1501-498: A new trading-floor studio set inside Post 9 at the NYSE, which is shared with two other CNBC US shows, Squawk on the Street and Money Movers (formerly Squawk Alley and later, TechCheck ). On October 13, 2014, Closing Bell , along with CNBC's other trading-day programs, were launched in full 1080i high-definition as part of a network-wide switch to a full 16:9 letterbox presentation. On November 30, 2018, Sara Eisen (also at
1580-428: A sixth of a share of ICE. Jeffrey Sprecher , the chairman and CEO of ICE, will retain those positions, but four members of the NYSE board of directors will be added to the ICE board. On January 24, 2023, a glitch in NYSE caused panic due to unintentional trade orders opened and closed in more than 250 securities. The NYSE's opening and closing bells mark the beginning and the end of each trading day. The opening bell
1659-536: Is Worldwide Exchange , which replaced Asia Market Wrap on 2005-12-19. New York Stock Exchange The New York Stock Exchange ( NYSE , nicknamed " The Big Board ") is an American stock exchange in the Financial District of Lower Manhattan in New York City . It is the largest stock exchange in the world by market capitalization . The NYSE trading floor is located at
SECTION 20
#17327866846201738-471: Is a carefully devised set of procedures ending with launch of a rocket. Depending on the type of vehicle used, countdowns can start from 72 to 96 hours before launch time. There are two countdowns proceeding simultaneously: Except for the last few minutes, which are highly automated and rigid, scheduled activities rarely take exactly the scheduled time, and the T-minus clock only corresponds approximately to
1817-400: Is a sequence of backward counting to indicate the time remaining before an event is scheduled to occur. NASA commonly employs the terms "L-minus" and "T-minus" during the preparation for and anticipation of a rocket launch, and even "E-minus" for events that involve spacecraft that are already in space, where the "T" could stand for "Test" or "Time", and the "E" stands for "Encounter", as with
1896-489: Is divided into sections which are shown in a lower-third which shows upcoming topics along with a text box. When this segment begins, a sidebar appears on the right, showing the major indexes, and stocks moving the market. Along with that, on the top is a countdown clock , which replaces the one which appears on the bottom where the bug normally is and starts at 3P EST, and stops when the Market Zone starts. After 4pm ET,
1975-476: Is employed by a NYSE member firm (that is, they are not an employee of the New York Stock Exchange), acts as an auctioneer in an open outcry auction market environment to bring buyers and sellers together and to manage the actual auction. They do on occasion (approximately 10% of the time) facilitate the trades by committing their own capital and as a matter of course disseminate information to
2054-631: Is go. Mission Director : Kepler spacecraft is go. LC : SSC - FTS bat one and two heater controls heaters off. SSC : Off. LC : Prop 1, pressurized first stage LOX tanks to relief. Prop 1 : Pressurized. LC : Prop 2, top first stage LOX to 100 percent levels. Prop 2 : Up and down, 100 percent. Time : Ninety seconds. LC : SSC, hydraulic external power to on. SSC : External. Time : Eighty seconds. LC : RCO, report range go for launch. Range Control Officer (RCO) : Range go for launch. Mission Director : LC (Viera), you're go for launch. LC : Roger. In
2133-469: Is open for trading Monday through Friday from 9:30 am – 4:00 pm ET , with the exception of holidays declared by the Exchange in advance. Proposals for round-the-clock trading have been considered by NYSE. The NYSE trades in a continuous auction format, where traders can execute stock transactions on behalf of investors. They will gather around the appropriate post where a specialist broker, who
2212-425: Is rung at 9:30 am ET to mark the start of the day's trading session. At 4 pm ET the closing bell is rung and trading for the day stops. There are bells located in each of the four main sections of the NYSE that all ring at the same time once a button is pressed. There are three buttons that control the bells, located on the control panel behind the podium which overlooks the trading floor. The main bell, which
2291-417: Is rung at the beginning and end of the trading day, is controlled by a green button. The second button, colored orange, activates a single-stroke bell that is used to signal a moment of silence. A third, red button controls a backup bell which is used in case the main bell fails to ring. The ringing of the bells usually accompanied with applause and is often done by VIPs and celebrities (See pictures and
2370-561: The 1997 Mini-Crash but from which the DJIA recovered quickly. This was the first time that the " circuit breaker " rule had operated. On January 26, 2000, an altercation during filming of the music video for Rage Against the Machine 's " Sleep Now in the Fire ", directed by Michael Moore , caused the doors of the exchange to be closed and the band to be escorted from the site by security after
2449-668: The American Stock Exchange (AMEX) for $ 260 million in stock. On February 15, 2011, NYSE and Deutsche Börse announced their merger to form a new company, as yet unnamed, wherein Deutsche Börse shareholders would have 60% ownership of the new entity, and NYSE Euronext shareholders would have 40%. On February 1, 2012, the European Commission blocked the merger of NYSE with Deutsche Börse , after commissioner Joaquín Almunia stated that
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2528-580: The New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark . A previous trading room, at 30 Broad Street , was closed in February 2007. The NYSE is owned by Intercontinental Exchange , an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext . According to
2607-711: The President of South Africa Nelson Mandela . Two United Nations Secretaries General have also rung the bell. On April 27, 2006, Secretary-General Kofi Annan rang the opening bell to launch the United Nations Principles for Responsible Investment . On July 24, 2013, Secretary-General Ban Ki-moon rang the closing bell to celebrate the NYSE joining the United Nations Sustainable Stock Exchanges Initiative . Countdown clock A countdown
2686-468: The U.S. Securities and Exchange Commission , with a president and a thirty-three-member board. On February 18, 1971, the non-profit corporation was formed, and the number of board members was reduced to twenty-five. One of Abbie Hoffman 's well-known publicity stunts took place in 1967, when he led members of the Yippie movement to the Exchange's gallery. The provocateurs hurled fistfuls of dollars toward
2765-472: The auctioneers , who also conducted more mundane auctions of commodities such as wheat and tobacco. On May 17, 1792, twenty-four brokers signed the Buttonwood Agreement, which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales. The earliest securities traded were mostly governmental securities such as War Bonds from
2844-478: The 2011 rule change, at the start of each trading day, the NYSE sets three circuit breaker levels at levels of 7% (Level 1), 13% (Level 2), and 20% (Level 3) of the average closing price of the S&;P 500 for the preceding trading day. Level 1 and Level 2 declines result in a 15-minute trading halt unless they occur after 3:25 pm, when no trading halts apply. A Level 3 decline results in trading being suspended for
2923-481: The Exchange on October 24, 1929, and the sell-off panic which started on Black Tuesday , October 29, are often blamed for precipitating the Great Depression . In an effort to restore investor confidence, the Exchange unveiled a fifteen-point program aimed to upgrade protection for the investing public on October 31, 1938. On October 1, 1934, the exchange was registered as a national securities exchange with
3002-502: The Moon ) written by Thea von Harbou and directed by Fritz Lang in an attempt to increase the drama of the launch sequence of the story's lunar-bound rocket. People involved in countdowns always say that the last twenty minutes are the worst. By that time everything that needs doing has been done, and therefore everybody has twenty minutes in which to think of what may not have been done, or else what could possibly go wrong. A countdown
3081-431: The NYSE imposed rules restricting brokers from voting uninstructed shares. The Stock Exchange Luncheon Club was situated on the seventh floor from 1898 until its closure in 2006. On April 21, 2005, the NYSE announced its plans to merge with Archipelago in a deal intended to reorganize the NYSE as a publicly traded company. NYSE's governing board voted to merge with rival Archipelago on December 6, 2005, and became
3160-460: The NYSE reopened on May 26, 2020. The main New York Stock Exchange Building , built in 1903, is at 18 Broad Street, between the corners of Wall Street and Exchange Place, and was designed in the Beaux Arts style by George B. Post . The adjacent structure at 11 Wall Street, completed in 1922, was designed in a similar style by Trowbridge & Livingston . The buildings were both designated
3239-780: The Revolutionary War and First Bank of the United States stock, although Bank of New York stock was a non-governmental security traded in the early days. The Bank of North America , along with the First Bank of the United States and the Bank of New York, were the first shares traded on the New York Stock Exchange. In 1817, the stockbrokers of New York, operating under the Buttonwood Agreement , instituted new reforms and reorganized. After sending
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3318-735: The Space Shuttle, weather "outlooks" provided by the U. S. Air Force Range Weather Operations Facility at Cape Canaveral began at Launch minus 5 days in coordination with the NOAA National Weather Service Spaceflight Meteorology Group at the Johnson Space Center in Houston. These included weather trends and their possible effects on launch day. A formal prelaunch weather briefing was held on Launch minus 1 day, which
3397-402: The button that signals the bells to ring. Due to the amount of coverage that the opening/closing bells receive, many companies coordinate new product launches and other marketing-related events to start on the same day as when the company's representatives ring the bell. It was only in 1995 that the NYSE began having special guests ring the bells on a regular basis; prior to that, ringing the bells
3476-473: The context of a rocket launch, the "L minus Time" is the physical time before launch, e.g. "L minus 3 minutes and 40 seconds". "T minus Time" is a system to mark points at which actions necessary for the launch are planned - this time stops and starts as various hold points are entered, and so doesn't show the actual time to launch. The last ten seconds are usually counted down aloud "Ten seconds to liftoff. Nine, eight, seven, six, five, four, three, two, one." After
3555-423: The cost of seat reached a then-record $ 185,000. The most expensive inflation-adjusted seat was sold in 1929 for $ 625,000, which, today, would be over six million dollars. In recent times, seats have sold for as high as $ 4 million in the late 1990s and as low as $ 1 million in 2001. In 2005, seat prices shot up to $ 3.25 million as the exchange entered into an agreement to merge with Archipelago and became
3634-408: The crowd that helps to bring buyers and sellers together. The auction process moved toward automation in 1995 through the use of wireless handheld computers (HHC). The system enabled traders to receive and execute orders electronically via wireless transmission. On September 25, 1995, NYSE member Michael Einersen, who designed and developed this system, executed 1000 shares of IBM through this HHC ending
3713-459: The first frame of 2, which is accompanied by a 'pop.' This leader eventually displaced the older Academy and was the only leader used by the end of the optical (film) projection era. In many New Year's Eve celebrations, there is a countdown during the last seconds of the old year until the beginning of the new year. These countdowns usually end in fireworks . Some celebrations also have countdowns to midnight in preceding timezones. In Malaysia,
3792-468: The floor of the New York Stock Exchange. Scott Wapner provided live reports from the NASDAQ until becoming the host of CNBC Halftime Report (his role has since been filled by Bertha Coombs ). At around 3:50p EST, the segment “Closing Bell: Market Zone” begins. This segment includes the latest business news and what’s moving the markets that day, plus expert analysis until the close at 4P EST. This segment
3871-522: The gong was switched to the bell format that is currently being used. The bell itself was produced by Bevin Brothers in East Hampton, Connecticut , which is known colloquially as "Bell Town" for its history of bell foundries and metal toy manufacturing. A common sight today is the highly publicized events in which a celebrity or executive from a corporation stands behind the NYSE podium and pushes
3950-474: The highest priced shares on the NYSE, hit $ 200,000 a share for the first time. On July 8, 2015, technical issues affected the stock exchange, halting trading at 11:32 am ET. The NYSE reassured stock traders that the outage was "not a result of a cyber breach", and the Department of Homeland Security confirmed that there was "no sign of malicious activity". Trading eventually resumed at 3:10 pm ET
4029-493: The holiday is observed on the closest weekday. In addition, the Stock Exchange closes early on the day before Independence Day, the day after Thanksgiving, and Christmas Eve. The NYSE averages about 253 trading days per year. The New York Stock Exchange (sometimes referred to as " The Big Board ") provides a means for buyers and sellers to trade shares of stock in companies registered for public trading. The NYSE
SECTION 50
#17327866846204108-430: The markets with the most trading, or the greatest liquidity in today's parlance. Minimizing competition was essential to keep a large number of orders flowing, and the merger helped the NYSE maintain its reputation for providing superior liquidity." The Civil War greatly stimulated speculative securities trading in New York. By 1869, membership had to be capped, and has been sporadically increased since. The latter half of
4187-498: The members attempted to gain entry into the exchange. In the aftermath of the September 11 attacks , the NYSE was closed for four trading sessions, resuming on Monday, September 17, one of the rare times the NYSE was closed for more than one session and only the third time since March 1933. On the first day, the NYSE suffered a 7.1% drop in value (684 points); after a week, it dropped by 14% (1,370 points). An estimated $ 1.4 trillion
4266-530: The merger "would have led to a near-monopoly in European financial derivatives worldwide". Instead, Deutsche Börse and NYSE would have to sell either their Eurex derivatives or LIFFE shares in order to not create a monopoly. On February 2, 2012, NYSE Euronext and Deutsche Börse agreed to scrap the merger. In April 2011, Intercontinental Exchange (ICE), an American futures exchange , and NASDAQ OMX Group had together made an unsolicited proposal to buy NYSE Euronext for approximately US$ 11,000,000,000,
4345-519: The network in March 2009. Starting January 2011, Bill Griffeth became co-anchor after co-anchoring Power Lunch since 1996-2009 and taking a 1-year leave of absence. On March 12, 2018, Griffeth moved to PBS ' Nightly Business Report to reunite with his former Power Lunch co-anchor, Sue Herera , while Frost (formerly co-anchor of Worldwide Exchange ) replaced Griffeth as Kelly Evans' co-anchor of Closing Bell . In 2012, Closing Bell moved to
4424-486: The nineteenth century saw rapid growth in securities trading. Securities trade in the latter nineteenth and early twentieth centuries was prone to panics and crashes. Government regulation of securities trading was eventually seen as necessary, with arguably the most dramatic changes occurring in the 1930s after a major stock market crash precipitated the Great Depression . The NYSE has also imposed additional rules in response to shareholder protection controls, e.g. in 2012,
4503-629: The parent company of United Airlines , which broke down. When the UAL deal fell through, it helped trigger the collapse of the junk bond market causing the Dow to fall 190.58 points, or 6.91 percent. Similarly, there was a panic in the financial world during the year of 1997; the Asian Financial Crisis . Like the fall of many foreign markets, the Dow suffered a 7.18% drop in value (554.26 points) on October 27, 1997, in what later became known as
4582-551: The period up to the end of trading and review the trading of the day after the market has closed. Closing Bell airs on CNBC between 3pm and 4pm, Eastern Time . The program is anchored by Scott Wapner at the NYSE . Maria Bartiromo was the original anchor of the show ran from 3-5pm ET until she departed from the network on November 22, 2013 to join the Fox Business Network . During the 4-5pm block, Maria said with
4661-452: The phrase, "it is 4 O'Clock on Wall Street - do you know where your money is?". Bartiromo's role was replaced with Kelly Evans following the former's aforementioned departure. Like her predecessor, Evans anchored the 4-5pm ET block. Tyler Mathisen was the former co-anchor from 3-4pm ET (originally from 4-5pm ET), until he was promoted in 2005. That same year, Dylan Ratigan took over the 3-4pm ET co-anchoring duties until his departure from
4740-488: The present location was adopted. The invention of the electrical telegraph consolidated markets and New York's market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Open Board of Stock Brokers was established in 1864 as a competitor to the NYSE. With 354 members, the Open Board of Stock Brokers rivaled the NYSE in membership (which had 533) "because it used
4819-416: The proper launch window, weather that permits a safe launch, and the rocket and payload working properly. The launch weather guidelines involving the Space Shuttle and expendable rockets are similar in many areas, but a distinction is made for the individual characteristics of each. The criteria are broadly conservative and assure avoidance of possibly adverse conditions. They are reviewed for each launch. For
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#17327866846204898-455: The remainder of the day. (The biggest one-day decline in the S&;P 500 since 1987 was the 11.98% drop on March 16, 2020 .) Until 2005, the right to directly trade shares on the exchange was conferred upon owners of a limited number of "seats". The term comes from the fact that up until the 1870s NYSE members sat in chairs to trade. In 1868, the number of seats was fixed at 533, and this number
4977-609: The same day. On May 25, 2018, Stacey Cunningham , the NYSE's chief operating officer, became the Big Board's 67th president, succeeding Thomas Farley. She is the first female leader in the exchange's 226-year history. In March 2020, the NYSE announced plans to temporarily move to all-electronic trading on March 23, 2020, due to the COVID-19 pandemic . Along with the PHLX and the BSE ,
5056-479: The schedule if it is running long. Under some circumstances, a countdown may be recycled to an earlier time. When that happens, launch personnel begin following the countdown checklist from the earlier point. During countdown: The procedures for each launch are written carefully. For the Space Shuttle , a five-volume set, Shuttle Countdown (KSC S0007), often referred to as "S0007", was used. Rosie Carver,
5135-516: The second-biggest one-day drop the exchange had experienced. Black Monday was followed by Terrible Tuesday, a day in which the Exchange's systems did not perform well and some people had difficulty completing their trades. Subsequently, there was another major drop for the Dow on October 13, 1989—the Mini-Crash of 1989 . The crash was apparently caused by a reaction to a news story of a $ 6.75 billion leveraged buyout deal for UAL Corporation,
5214-404: The section "Notable bell-ringers"). The signal to start and stop trading was not always a bell; a gavel was the original signal, which is still utilized alongside the bell. However, the gavel is frequently damaged. During the late 1800s, the NYSE decided to switch the gavel for a gong to signal the day's beginning and end. After the NYSE changed to its present location at 18 Broad Street in 1903,
5293-412: The show's name changes to Closing Bell: Overtime and this hour features analysis of the day's winners and losers, company results that are issued after the close of trade, and other business news. Around CNBC's global branches, there are many counterparts of Closing Bell in the world: As the major Asian markets all close at different times, there is no "Asian Closing Bell". The equivalent programme
5372-445: The sole anchor of Closing Bell , which itself had its runtime halved from two hours to one hour. Closing Bell: Overtime , anchored by Scott Wapner, replaced the second hour of Closing Bell , also on March 14. On February 21, 2023, Wapner moved to Closing Bell , replacing Sara Eisen, the latter of whom returned to Squawk on the Street to replace Morgan Brennan, who in turn, moved to Closing Bell: Overtime . Jon Fortt , previously
5451-458: The start of films, a countdown sequence is printed on the head leader , and is used to synchronize film reel changeovers (switching between reels of film). In film (but not television) the 'Academy Leader' countdown first used in 1930 is in units of feet rather than time units; it starts at 11 and ends at 3 where it cuts to black for the last few feet. In 1959, SMPTE leader was created and measures seconds, not feet. It starts at 8 and cuts to black on
5530-799: The team for quick and positive identification of who is talking. For example, dialogue heard during the launch of a Delta II rocket carrying the Kepler Space Telescope on March 8, 2009, included: Time : T minus 3 minutes Launch Control (LC) : OSM, third stage S&A arm permit to close. Operations Safety Manager (OSM) : Closed. LC : SSC, third stage S&A armed. System Sequence Controller (SSC) : Armed. LC : Prop 1, vehicle fuel tank press open Prop 1 : Open. LC : Fuel umbilical purge to open. Prop 1 : Open. LC : SSC, vent 1 heater control exit. SSC : Exit. LC : SSC, vent 2 heater control exit. SSC : Exit. LC : NSC reports spacecraft
5609-506: The time until launch. A hold is the suspension of the normal countdown process, during which the T-minus clock is stopped and no planned activities take place. This can be done to investigate a technical process that has gone wrong, or to intentionally delay the launch, e.g. because of bad weather at the launch pad. Most countdown schedules also include some pre-planned built-in holds . These provide an opportunity to perform non-launch activities, handle unexpected issues, or to catch up on
5688-468: The time, co-anchor of Squawk on the Street ), who filled in for Kelly Evans while the latter was on away maternity leave, took over Evans' role permanently, with Wilfred Frost also co-anchoring both hours of the show with Eisen. By coincidence, both Frost and Eisen had previously co-anchored Worldwide Exchange for 2 years. Following Frost's departure on February 16, 2022, Michael Santoli became co-anchor and held that post until March 14, when Eisen became
5767-483: The trading floor below. Some traders booed, and some laughed and waved. Three months later the stock exchange enclosed the gallery with bulletproof glass. Hoffman wrote a decade later, "We didn't call the press; at that time we really had no notion of anything called a media event." On October 19, 1987, the Dow Jones Industrial Average (DJIA) dropped 508 points, a 22.6% loss in a single day,
5846-425: Was a specific weather briefing for all areas of Space Shuttle launch operations. The launch window is a precise time during which aerospace personnel launch a rocket so the payload can reach the proper orbital destination. During communications for a countdown, the launch team uses acronyms to keep channels open as much as possible. All Firing Room console positions are assigned unique 'call signs' that are used by
5925-462: Was closed shortly after the beginning of World War I (July 31, 1914), but it partially re-opened on November 28 of that year in order to help the war effort by trading bonds , and completely reopened for stock trading in mid-December. On September 16, 1920, the Wall Street bombing occurred outside the building, killing forty people and injuring hundreds more. The Black Thursday crash of
6004-536: Was delivered to the floor electronically. NYSE works with US regulators such as the SEC and CFTC to coordinate risk management measures in the electronic trading environment through the implementation of mechanisms like circuit breakers and liquidity replenishment points. Following the Black Monday market crash in 1987, NYSE imposed trading curbs to reduce market volatility and massive panic sell-offs. Following
6083-413: Was increased several times over the years. In 1953, the number of seats was set permanently at 1,366. These seats were a sought-after commodity as they conferred the ability to directly trade stock on the NYSE, and seat holders were commonly referred to as members of the NYSE. Seat prices varied widely over the years, generally falling during recessions and rising during economic expansions. In January 1927
6162-495: Was lost within five days of trading. The NYSE was only 5 blocks from Ground Zero . On May 6, 2010, the Dow Jones Industrial Average posted its largest intraday percentage drop since the crash on October 19, 1987, with a 998-point loss later being called the 2010 Flash Crash (as the drop occurred in minutes before rebounding). The SEC and CFTC published a report on the event, although it did not come to
6241-461: Was usually the responsibility of the exchange's floor managers. Many of the people who ring the bell are business executives whose companies trade on the exchange, usually to announce new products, acquisitions, mergers or public offerings. However, there have also been many famous people from outside the world of business that have rung the bell, such as the Mayor of New York City Rudy Giuliani and
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