Update 5:35 p.m. Another tweet from Mayor Bloomberg's office confirming the cancellation: 

We have decided to cancel the NYC marathon. The New York Road Runners will have additional information in days ahead for participants.

— NYC Mayor's Office (@NYCMayorsOffice) November 2, 2012

The New York Road Runners haven't updated their site and as of now still shows a marathon countdown. 

Update 5:26 p.m. And the final domino falls. Mayor Michael Bloomberg's office has announced the cancellation of the New York Marathon: 

We have decided to cancel the NYC marathon. The New York Road Runners will have additional information in days ahead for participants.

— NYC Mayor's Office (@NYCMayorsOffice) November 2, 2012

Update: 5:19 p.m. And here's the grain of salt: Mayor Bloomberg's office is denying these reports. 

Breaking News: Sources say New York City Marathon will not be held on Sunday; mayor's office denies report

— NY1 News (@NY1headlines) November 2, 2012

Update 5:10 p.m.  There are now multiple reports that the marathon has been canceled. 

NBC News confirms the NYC Marathon "will not be held on Sunday."

— Mike Hayes (@michaelhayes) November 2, 2012

Ray Kelly IS taping an interview with @charlierose right now, a spokeswoman confirms.

— Brian Stelter (@brianstelter) November 2, 2012

#BREAKING: ABC News has confirmed that the New York City Marathon has been cancelled.

— ABC7 News (@abc7newsBayArea) November 2, 2012

Update 4:53 p.m. We have another confirmation of a marathon meeting: 

With the @ingnycmarathon scheduled to go off Sun, #CNN has confirmed that NYC officials are meeting now, discussing a possible cancelation.

— Piers Morgan Tonight (@PiersTonight) November 2, 2012

Update 4:39 p.m. Now here's some sense and something a bit more solid than what Gasparino had been tweeting. Again, no cancellation has been announced as of yet and again having meetings discussing a cancellation is plenty different than actually canceling the race:

RT @weeddude A New York official tells @cnn that meetings have been on-going this afternoon as to whether or not to cancel the NYC marathon

— Andrew Kaczynski (@BuzzFeedAndrew) November 2, 2012

Update 4:10 p.m. And here comes the Gasparino backlash: 

@brianstelter @cgasparino He's the same dope who keeps saying that the Red Sox are for sale

— Ed Hannan (@ehannan73) November 2, 2012

Update 4:06 p.m.  Gasparino (like ConEd with its robocalls) is walking back the marathon cancellation rumors he started: 

@kirkmichie @hblodget i just reported what i heard from traders made it perfectly clear who knows whats gonna happen

— Charles Gasparino (@CGasparino) November 2, 2012

And this: 

@fabianbuchheim i cant help it if ur too dumb not to read EXACTLY what i said

— Charles Gasparino (@CGasparino) November 2, 2012

Well exactly what Gasparino tweeted was "CANCELLED" in giant caps (below).

Original: Hmmmm. Fox News Business is claiming they have a Wall Street source telling them that the New York City Marathon has been canceled. Here's what Charles Gasparino, a senior correspondant there, tweeted just a few minutes ago: 

Wall street execs say nyc marathon CANCELLED more on fbn@322

— Charles Gasparino (@CGasparino) November 2, 2012

It appears he's citing Wall Streeters who may possibly be connected to ING, the sponsor of the race. Maybe those people at those companies don't want to be a featured part of the marathon considering its unpopularity at the moment. But you have to take Gasparino's comments with a grain of salt: Even though there's been plenty of backlash, it was only this afternoon New York City Mayor Michael Bloomberg was defending his unpopular decision to give the race the go-ahead. "We have to have a city going forward ... New York has to show that we are here, that we are going to recover," Bloomberg was quoted as saying in a New York Times report a little over an hour ago. We'll update if there's solid proof that that plan is going to change.

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Alexander Abad-Santos