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NYSE Puts GM Stock Trading On Hold While Awaiting 3Q Announcement

Illustration for article titled NYSE Puts GM Stock Trading On Hold While Awaiting 3Q Announcement

General Motors has halted trading in advance of the big third-quarter announcement we've been waiting for. This isn't catastrophic news, but it underlines the fact that the announcement (which was supposed to made a few minutes ago) is going to be bad. Really bad. It's raining in Detroit right now and CNBC's Phil LeBeau is sitting on the phone waiting for his producer to give him the numbers so that he can report them to the world. It's a rather fitting scene. Expect a quick update as soon as we hear the news.

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DISCUSSION

Sister GM

Oh the time has come

And you know that you're the only one

To say O.K.

Where you going

What you looking for

You know those lenders

Don't want to play no more with you

It's true

You're not motoring

What's your price for flight

In finding mister right

You'll be closing down tonight

Babe you know

You grew up too fast

And shareholder's worrying

That you won't last

To say - let's play

Sister GM

There's so much in life - Don't you give it up

Before your time is due

It's true

It's true - yeah

Not Motoring

What's your price for flight

You''re books are quite a sight

What happened to your might

Not Motoring

What's your price for flight

In finding mister right

You'll be closing down tonight

Sister GM

Oh the time has come

And you know that you're the only one

To say O.K.

But you're not motoring

You're not motoring . . .