Another Black Swan event...was this deliberately planned ahead of time to disrupt commerce during the peak of summer just before the weekend?
-NW

"Feeling Like It's Y2K": IT Outage Sparks "Blue Screen Of Death" Worldwide
Zero Hedge
July 19, 2024

[snip]

Update (1055ET):

Bloomberg reports IT disruptions could impact FedEx and United Parcel Service deliveries today:

FedEx is seeing "substantial disruptions throughout our networks" due to the third-party issues, it said in a statement on its website. The company is implementing contingency plans but said delays are likely for parcels scheduled for delivery Friday.

UPS said in a separate statement that some of its computer systems are being affected, and it is also looking at workarounds to minimize interruptions. Its planes continue to operate, and drivers are still on the road.

Update (1023ET):

With the US cash market underway, shares of CrowdStrike are down about 10%, while Microsoft lost about half a percent. CrowdStrike confirmed earlier its Falcon Sensor threat-monitoring product sparked worldwide chaos and crashed Microsoft's Windows operating systems.

"Friday's global tech outage is an example of an unforeseen event that market participants always fear, but don't frequently think about," said Glen Smith, chief investment officer at GDS Wealth Management, who Bloomberg quoted.

https://x.com/BizInsightsHQ/status/1814246633690767382

Here are areas often affected by IT outages:

1. Financial Services ( Bank )
2. Healthcare
3. Telecommunications
4. Government Services
5. Retail and E-commerce
6. Transportation and Logistics ( Airport )
7. Manufacturing
8. Education
9. Energy and Utilities
10. Media and…

— Biz Insights HQ (@BizInsightsHQ) July 19, 2024

Meagan @lushzeb
SFO feeling like Y2K
July 19, 2024
https://x.com/lushzeb/status/1814259079705133422

SFO feeling like Y2K rn. #Crowdstrike #microsoft #outage pic.twitter.com/q0CgMY326j

— Meagan (@lushzeb) July 19, 2024