Wednesday, September 11

ByKevin Sheekey

Today we remember and honor those we lost on September 11, 2001, four were colleagues of ours at Bloomberg, including one former colleague Chris Hanley who I met on my very first day on the job.

It still feels like yesterday for many of us. As a new generation grows up not knowing the range of emotions we all felt in 2001 and the years following, it’s more important than ever for us to never forget what happened. My twins were born seven days after the attack and will be 18 years old this year.

Lower Manhattan has come back stronger and faster than anyone expected, and the National September 11 Memorial & Museum, chaired by Mike Bloomberg, guided and staffed by the amazing Patti Harris and an incredible team, has been an anchor in helping the city heal, learn and grow.

As the Wall Street Journal reports today: On any given day, the National September 11 Memorial & Museum welcomes thousands of visitors to its site at the location of the former World Trade Center. But as the institution marks the 18th anniversary of the event that claimed nearly 3,000 lives, it is finding a role for itself far beyond its lower Manhattan home.

Increasingly, it is being tapped to advise communities that have faced tragedies of their own.

The locales are almost too numerous to mention, officials said, but they include such places as Boston (scene of the 2013 Boston Marathon bombing), Orlando, Fla., (the 2016 Pulse nightclub shooting) and most recently, El Paso, Texas, (the Aug. 3 Walmart shooting).

Museum officials said it wasn’t their initial intention to take on this consulting role, but it has evolved that way.

“We’re as surprised by it as anyone else,” said Alice M. Greenwald, president and chief executive of the institution.”

Read more: 9/11 Memorial Is a Beacon for Communities Facing Tragedies (Wall Street Journal)

Learn more about the memorial and watch today’s ceremony here.

Washington Today.

2020 National Poll: President Trump Trails Five Potential Democratic Challengers (ABC News/Washington Post Poll)
Trump’s approval rating has dipped 6 points since July to 38% approving, while 56% of survey respondents disapprove.
Biden 55 – Trump 40
Sanders 52 – Trump 43
Warren 51 – Trump 44
Harris 50 – Trump 43
Buttigieg 47 – Trump 43

Democrats Didn’t Win in North Carolina’s Special Election, But They’re Still Celebrating (Washington Post)

Will the Fourth National Security Adviser be a Charm? Secretary of State Michael Pompeo Is ‘Last Man Standing’ After John Bolton Departs White House (Bloomberg)

Brexit Update.

Today in Exchange News.

Big Story: Hong Kong Exchange Makes Unsolicited $36.6 Billion Bid for London Stock Exchange (Bloomberg)

Hong Kong Exchanges & Clearing made an unexpected $36.6 billion bid for London Stock Exchange Group, a bold move that would upend the U.K. bourse’s combination with Refinitiv, the former financial and risk unit of Thomson Reuters that competes with Bloomberg LP.

LSE’s board said it “remains committed to” the acquisition of data provider Refinitiv, highlighting the hurdles facing an offer that it called unsolicited, preliminary and highly conditional.

An HKEX-LSE pact would put an end to the Refinitiv purchase, instead creating a global trading power that would have stock, derivatives and commodities exchanges, as well as clearinghouses across two continents.

The Refinitiv deal was a bet by LSE on a future dominated by data, as the three-century-old exchange looks for ways to extend its global reach. Acquiring Refinitiv would help the London bourse expand further into data analysis.

U.K. Would `Look Carefully’ at Any Investment in LSE: U.K. Business Secretary Andrea Leadsom, speaking on Bloomberg Television as news of the deal broke, said the British government would scrutinize any tie-up between the exchanges. Leadsom said the U.K. authorities would “look very carefully at anything that had security implications for the U.K.”

LSE’s Mergers Keep Falling Through. Surprise Offer From Hong Kong Puts Latest Deal in Doubt (Barron’s)

Tech Update.

Apple’s Biggest Surprise: Lower Prices on Services and Devices (Bloomberg)

See It While You Can: The Dazzling Iridescence of Apple’s Rainbow Cube on Fifth Avenue (The Verge)

Opening on Sept. 20, the store will be Apple’s largest store in the world. An iridescent wrap currently on its iconic cube is reportedly temporary, so don’t miss it.

Best of late night.

“It’s that magical time of the year. The leaves are changing, the pumpkin is spicing and Apple rolls out a bunch of iPhones we don’t need.”
— Jimmy Kimmel

“Apple is not messing around. They’ve already taken over phones, now they’re trying to take over watches, they’re launching TV shows, they’re trying to take over video games. Yeah, next year, Popeyes, watch out — they’re going to come out with a chicken sandwich.”
— Trevor Noah

“Apple said its new iPhone takes such clear selfies, you’ll find chins you never knew you had!”
— Jimmy Fallon

For more best of late night from the New York Times, click here.

By submitting my information, I agree to the privacy policy and to learn more about products and services from Bloomberg.