The New York Stock Exchange shut down Monday, the first time since the September 11th terrorist attacks.
Host Lisa Mullins talks with Andrew Hilton, director of the Center for the Study of Financial Innovation about the economic impact the shutdown will have oversees that may not occur to most Americans
Hilton says shuttering the New York Stock Exchange puts New York in a very vulnerable position because markets in London and Asia could try to steal away listing companies.
Hilton believes Wall Street should look to develop a electronic stock market where trading can continue despite extreme weather events.
He says this event is not catastrophic, but it does jack up the cost of doing business.