WHEN: Today, Sunday, August 28th
WHERE: "CNBC Special Report: Hurricane Irene"
Following is the unofficial transcript of breaking news from CNBC's Bob Pisani. All references must be sourced to CNBC.
BOB PISANI: I'M QUITE CONFIDENT THAT THE NEW YORK STOCK EXCHANGE IS GOING TO OPEN FOR BUSINESS, FOR TRADING AS USUAL TOMORROW AND THAT INCLUDES THE FLOOR OF THE NEW YORK STOCK EXCHANGE. I HAVE NOT GONE OUT WITH THIS EMPHATICALLY EARLIER BECAUSE A LOT OF OFFICIALS IN THE INDUSTRY HAVE BEEN WAITING FOR MAYOR BLOOMBERG TO GIVE SOME INDICATION OF THE STATE OF THE TRANSIT SYSTEM AND OF COURSE, ACCESS TO THE FLOOD PRONE AREAS. BUT, WHAT I AM HEARING IS IF PEOPLE INVOLVED IN THE BUSINESS ARE NOW CONFIDENT THAT THE INFRASTRUCTURE DAMAGE IS FAR LESS THAN ANYBODY HAD ANTICIPATED AND THAT IT WOULD BE POSSIBLE NOW FOR INDIVIDUALS TO GET IN -- TO CARPOOL IN, TO DRIVE IN, TO OPEN THE EXCHANGE. AND ALSO, OTHER PARTS OF THE BROKERAGE INDUSTRY -- THE BUY AND SELL SIDE FIRMS IN MIDTOWN NORMALLY, REASONABLY NORMALLY -- EVEN IF THE TRANSIT SYSTEM IS NOT FULLY OPERATIONAL. SO, I'M QUITE SURE THE NYSE WILL OPEN AS USUAL TOMORROW. THERE IS A CONFERENCE CALL THAT IS GOING ON RIGHT NOW BETWEEN THE EXCHANGES AND THE SEC. MARY SCHAPIRO WILL PROBABLY MAKE AN ANNOUNCEMENT WITHIN THE NEXT HOUR OR TWO ABOUT THAT. WE ARE WAITING FOR THAT, BUT AS OF NOW, I'M PRETTY SURE THAT THIS IS ALL PRO FORMA. THE NEW YORK STOCK EXCHANGE WILL OPEN AS NORMAL TOMORROW.
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