During Monday night's coverage of damage due to storm system Sandy, both CNN and the Weather Channel inaccurately reported that the New York Stock Exchange was under three feet of water. Meteorologist Chad Myers
told Piers Morgan about the damage.
"According to the National Weather Service, through broadcast media, there's three feet of water on the trading floor on Wall Street. Three feet of water on the New York Stock Exchange," Myers said on air.
Morgan asked longtime Wall Street correspondent Erin Burnett how long the exchange might be closed. She responded, "It's a wooden floor, and it's a historic building, the damage it could do would be amazing."
Throughout the exchange, which lasted several minutes, a lower-third graphic said "3 feet of water on floor of NYSE."