โ Independently verified by 2 news sources
KBW CEO on Re-Building Manhattan After 9/11
Tom Michaud describes how KBW responded in the aftermath of Sept. 11 by focusing first on helping the families of victims and then on rebuilding the firm.
He speaks with Tyler Kendall Romaine Bostick on "The Close." (Source: Bloomberg) Matt Di Liberto discussed the 25-year transformation of Lower Manhattan after Sept.
11, saying the area has been โreimaginedโ from a largely nine-to-five financial district into a vibrant neighborhood where people live, work, study, and visit.
โก Effects Interpreter
๐World Economy
- โถRipples can spread from one exchange to the next within hours.
- โถCommodity and stock desks tend to react almost at once.
๐๏ธLocal Economy
- โถEveryday costs in your town might drift as the wider economy reacts.
- โถSmall businesses nearby might tweak their prices in the weeks ahead.
๐ฆRates & Banks
- โถBorrowing costs may hold steady for now, but they can turn on fresh news.
- โถYour loan or mortgage rate is more likely to drift than to lurch here.
โค๏ธHealth
- โถCommunity wellbeing may dip a little while people wait for clarity.
- โถLocal health services could get busier depending on how things develop.
๐ทWealth
- โถMarket wobbles like this tend to smooth over with time.
- โถYour shares ISA or pension could see a quick gain or dip today.
๐ Housing
- โถBuyers and renters could notice only a gentle drift, if anything at all.
- โถHome costs usually respond later, once the bigger picture settles.