Categories: world

No, President Trump, NYSE did not open the day after the attacks on September 11th

President Trump talks in Murphysboro, Illinois. On Saturday, after talking to Indiana earlier this day. (Scott Olson / Getty Images)…


President Trump talks in Murphysboro, Illinois. On Saturday, after talking to Indiana earlier this day. (Scott Olson / Getty Images)

“I remember when we attacked Manhattan, we opened the stock market the next day. People were shocked.”

– President Trump, remarks at the National FFA Organization Convention, Indianapolis, Saturday [19659004] “As it happened early today, the horrible, terrible attack in Pittsburgh said, maybe I should interrupt both this and that. And then I told myself, I remember Dick Russell, my friend, good guy, he led on the New York Stock Exchange on September 11th and the New York Stock Exchange was open the following day. He said – and what to do to open what you would not think we will not even talk to you about it. But he got the exchange open. We can not make these sick, demented, evil people important. “

– Trump, Commentary on a Campaign Experience in Murphysboro, Ill., Saturday

” Remember, Yankees, George Steinbrenner. must play, even if no one comes, nobody arises, we must play. “

– Trump, a few minutes later

Memories are fallible, even for presidents. That is why they should have staffs that help ensure that they stick to the facts and if they fail, make sure the mistakes are corrected.

President Trump is not an ordinary president and apparently he does not seem to have a typical staff. So, in an attempt to justify holding a campaign rally after 11 people in a synagoga had been cast in Pittsburgh, the president referred twice to an event that had not happened.

This will be a very short fact check.

Facts

The attacks of September 11, 2001 struck in the heart of New York’s financial district, which destroyed the twin tower in the World Trade Center. Is it possible that the New York Stock Exchange, which is just a few blocks away, is quickly opened the next day?

No

NYSE and also the accused Nasdaq exchange never opened for trading in the morning of the attacks and closed to September 17th – the longest closure since 1933. Other exchanges around the world were also closed. It’s easy to figure this out using Google. There is even a whole Wikipedia page.

The market disturbed 7 percent that day, but the fact that things went smoothly were celebrated as a performance.

Just two years ago, the Wall Street Journal celebrated its resurrection on its 15th anniversary with the title: “9/17/01: The Wall Street’s toughest day. A look back at the resumption.”

“The resumption had both economic and psychological importance for the country, “said WSJ. “It was actually Wall Street’s prettiest day. The 9/11 attacks in New York were just a few blocks from the New York Stock Exchange and getting the markets to resume was a 24-hour effort, even as workers fooled those who died. The market closure was the longest in almost 70 years, and it was certain that there would be heavy trading and a stock market when trading began. “

While Trump remembered” Dick Russell, my friend, good guy “as the redemption of the exchange, it was actually Dick Grasso, then head of NYSE. Grasso appeared on Fox News a few weeks ago, September 11, to remember the resumption. Dick Russell was a senator from Georgia, known as a hard defender of segregation.

Trump also meant that baseball did not pause for the attacks but started playing games as soon as possible. But the game was interrupted that night – and then for the rest of the week. Professional baseball did not start again until six days later, September 17th. The whole baseball season was driven back one week.

We asked the White House for an explanation but received no response.

The Pinocchio Test

There are many reasons the president might have liked to have continued with a campaign rally. But it’s not a valid call to make a fake story about the stock exchanges and the baseball after the attacks on September 11th. We could possibly understand a mistake, but not that it was repeated hours later.

Four Pinocchios

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2018-10-28 00:50:50 UTC

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Four Pinocchios

“When we attacked Manhattan, we opened the stock market the next day. People were shocked.”

Future Farmers of America Convention, Indianapolis

Saturday, October 27, 2018

2018-10-27

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