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NYC Markets Expected to Open On Monday As Usual

Mayor Michael Bloomberg said, although they may not be manned as fully as usual due to transportation being shut down during the storm.

Mayor Michael Bloomberg said, although they may not be manned as fully as usual due to transportation being shut down during the storm.

The Mayor of New York City,  Michael Bloomberg has said that he expects the stock exchanges to be open for business on Monday, although some of its workers may not be able to get there due to the shut down of transportation systems over the weekend as Tropical Storm Irene passed through the area. The evacuation order for New York City was expected to be lifted at about 3pm EST on Sunday.

The opening of the stock exchanges on Wall Street will depend on the amount of damage that is accessed, and the amount of flooding too. Some 62,000 households in New York were without power on Sunday in the afternoon due to the storm which was downgraded from a hurricane to a tropical storm as it lost some of its strength when it hit land three times before heading into New York City.

Crews are now checking out the tracks and transportation systems to see what damage there is and if it is safe to set them on operation today after they were shut down on Saturday due to the approach of Hurricane Irene. There will have to be checks on flooding too.

Bloomberg announced that there were no deaths due to the storm in Manhattan, and although police made 43 arrests over the weekend, this is down a hundred over a typical New York weekend.

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