Global tech outages impact markets at the European open

Discussion in 'Wall St. News' started by Nighthawk, Jul 19, 2024.

  1. Reuters is citing six industry sources as saying that several oil and gas trading desks are struggling to execute trades to start European trading. Meanwhile, some Indian brokerages are also out of commission amid tech outages. This started with Microsoft reporting that their cloud services were down just about an hour ago. But it looks like it isn't quite so much "just a glitch".

    Several major airlines have already seen flights grounded due to communication issues, including Delta, United and American Airlines. In Berlin, air traffic is now halted until at least 0800 GMT. Besides that, there are banks and other services spanning from the UK to Australia also reporting issues at the moment.
     
  2. maxinger

    maxinger

    I use 3 trading platforms.

    2 of them are still down due to don't-know-what.
    IB is working fine.

    Seems like the problem is all over the place.
     
    Last edited: Jul 19, 2024
  3. It´s a Microsoft Cloud problem - and not only a "glitch". Something more serious.

    But what is absolutely STUNNING is that these MICROSOFT CLOWNS do not have time-critical solutions in place to PREVENT such matters from happening.

    Several systems now down for almost 3 hours. Freaking unbelievable! :mad::mad::mad::mad:
     
    maxinger likes this.
  4. maxinger

    maxinger

    I wonder what caused the Microsoft Cloud problem;

    Some unfortunate h/w or s/w problem?
    Some disgruntled employee?
    Some bored / creative hacker?

    Luckily I made some $$$ as IB was up and running.
     
  5. CrowdStrike has the issue
     
    Pricechange and newwurldmn like this.
  6. maxinger

    maxinger

    Crowdstrike

    yesterday close 343

    premarket 302 (12% drop)
     
    newwurldmn likes this.
  7. It seems that CrowdStrike had turn many of their controls over to Charlotte AI...and its become very difficult to fix what AI has done regarding automated updates
     
    Last edited: Jul 19, 2024
    maxinger likes this.
  8. maxinger

    maxinger

    upload_2024-7-19_18-28-31.jpeg


    AI is progressing in leaps and bounds.
    The latest AI might have feelings and its own mind.

    It is thinking DESTROY DESTROY DESTROY
     
  9. nitrene

    nitrene

    Its the same old story in software, no QA and pushing out updates is a toxic mix. Amazing the CrowdStrike SWQA didn't test it at all because if they had they would have known it immediately bricks your OS.

    What I read was that the fix is simple but in most cases it has to be done manually in front of the baremetal servers. It can be automated if the box is inside a VM. Basically you have to restart Windows in safemode and delete the bad file and reboot again but you need the BitLocker hash so most likely only SysAdmins can do it.

    What a nightmare for these idiots. Short CRWD to 0.
     
    #10     Jul 19, 2024
    engineering likes this.