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Screenshot: Axios Events

The priority in reopening the NYSE trading floor was preventing a COVID-19 outbreak, Stacey Cunningham, NYSE president, told Axios' Dan Primack on Tuesday during a virtual event.

The big picture: For the first time in the exchange's 228 years, the NYSE announced on March 18 that it would temporarily close its trading floors to move to fully electronic trading on March 23.

What she's saying: "Our goal is to prevent an outbreak from occurring, not a single case. It's very possible that we would have a single case on the trading floor because there still is a pandemic," she said.

  • Cunningham said the reopening on May 26 was small, and they've since been scaling up, implementing social distancing guidelines and using personal protective equipment as precautions.
  • "We want to make sure we have protections in place that can responsibly mitigate that risk of it spreading. ... But we might need to take measures to scale backwards."
  • "I am hopeful that we won't need to get to a place where we would need to close the floor, but we certainly are prepared we could do that again and it was a pretty seamless process," she added.

Go deeper: New York Stock Exchange to temporarily close trading floor due to coronavirus

Editor's note: This story has been corrected to reflect that the New York Stock Exchange floor temporarily closed on March 23 to fully electronic trading (not March 12).

Go deeper

House will not hold votes until Sept. 14 unless stimulus deal is reached

Photo: Mandel Ngan/AFP via Getty Images

House Majority Leader Steny Hoyer (D-Md.) announced Monday that the House will not hold any floor votes until Sept. 14, though members will remain on 24-hour notice to return to Washington in case a deal on coronavirus stimulus is reached.

Why it matters: Democrats and the Trump administration remain deadlocked and have not met since negotiations broke down without a deal on Friday.

Updated 42 mins ago - Politics & Policy

Giuliani associate Lev Parnas convicted of campaign finance crimes

Lev Parnas, a former associate of then-President Donald Trump’s personal lawyer Rudy Giuliani. Photo: Stefani Reynolds/Bloomberg via Getty Images

Florida businessman Lev Parnas was convicted Friday on charges of conspiracy to make foreign contributions to political campaigns, according to multiple outlets.

Why it matters: Prosecutors said Parnas, then an associate of former President Donald Trump's personal lawyer Rudy Giuliani, funneled over $150,000 from a Russian businessman into U.S. campaigns as part of an effort to land licenses in the U.S.'s legal cannabis industry.

Supreme Court agrees to hear challenges to Texas abortion law

Photo: Saul Loeb/AFP via Getty Images

The Supreme Court on Friday agreed to hear two cases challenging Texas' abortion law, which bans the procedure as soon as six weeks into pregnancy, but left the law in place in the meantime.

Why it matters: The court is moving extraordinarily fast on the Texas cases, compressing into just a few days a process that normally takes months. And that schedule means the court will take up Texas' ban a month before it hears another major abortion case — a challenge to Mississippi's own 2018 ban on abortions after 15 weeks.