pools including those run by goldman sachs and credit suisse the lawsuit against barclays is asking the court to order the bank to halt its current behavior and pay unspecified damages but will that really solve the problem of dark pools that's the question on jack now if barclays pools go away there's still plenty of other banks out there with their own dark exchanges so what will she mean barclays actually really accomplish now i'm not exactly sure i have the answer of how to fix the problem of dark pools but i'm also not confident that eric schneiderman does either i guess today some action is better than no action at all. except that the current step financial war very is the use of capital markets as weapons to increase one's hundred to one country's strength and we can. and other countries track now last week we spoke to economist and author jim rickards whose latest book the death of money is all about financial warfare and today we're bringing you part two of that interview where we explore how sanctions the i.m.f. and other bric nations factor into the financial workfare landscape now i first asked ji

now if barclays pools go away there are still plenty of other banks out there with their own dark exchanges so what will she mean barclays actually really accomplish now i'm not exactly sure i have the answer of how to fix the problem of dark pools but i'm also not confident that eric schneiderman does either i guess today some action is better than no action at all i. think that the current step financial war very is the use of capital markets as weapons to increase one's hundred to one country's strength and we can and other countries track now last week we spoke to economist and author jim rickards whose latest book the death of money is all about financial warfare and today we're bringing you part two of that interview where we explore how sanctions the i.m.f. and other bric nations factor into the financial workfare landscape now i first asked jim if sanctions can within the tools of financial warfare here's what he had to say. there's sort of a gradient if you will between traditional financial sanctions and financial warfare although a lot of the tools are the same you go back you kn

a lawsuit against barclay's bank saying they committed fraud by misrepresenting the risks of an alternative trading system known as a dark pool but not disclosing prices and giving high frequency traders advantages over other traders. >> barkley grew the dark pool into one of the largest in the united states by telling investors they were diving into safe waters, when in fact, barkley's dark pool was full of predators who were there at barkley's invitation. >> so-called dark pools have come under scrutiny since michael louis published a book alleging the market is rigged in favor of high frequency traders. >>> potentially major news in the oil markets. the white house is easing up on a ban in exporting u.s. oil allowing a hand full of companies to send certain oil products out of this country. oil prices rose nearly half a dollar a barrel on that news. the price of brent crude fell a fraction, but we're wondering what could this mean for the energy sector down the road. morgan brennan takes a look. >>> two u.s. companies could begin exporting a new type of oil. a move that could put more pr

banks have them too. >> credit suisse has the largest, i think barclays is number two -- liz: would youther banks and see what they're doing? >> well, the thought has occurred to us before now. [laughter] liz: you had a whistleblower in this case, did you not? >> we had whistleblowers -- liz: blowers, plural? [laughter] >> plural. look, there are a lot of people out there on the street who are, the overwhelming majority of people in financial services are honest people who want to make money for themselves and their clients, and there are a lot of folks who are disgusted by what they're seeing. we're going to follow the facts wherever they lead. there are other agencies involved, and i think this is the beginning of a much more intensive conversation within the banks themselves about how this business -- >> without talking about specific investigation, i understand you don't want to give that up, put on your predictive cap. will there be less dark pools a year from now, or will the 36 that exist still be there? >> i think that this is going to change the way dark pools do business. i th

anyway, new york attorney general eric snyderman is skewing barclay's for a securities fraud alleging the bank high speed traders using its venue while misleading institutional investors. the suit claims barclay's falsified documents removing them the high frequency firm trade bot would allegedly minimize the appearance of traders. >> barclay's drew its dark pool into the largest of the united states by telling investors that they were providers while in fact they were predators there at barclay's invitation. >> snyderman is suing under the new york act which gives extraordinary powers to the attorney general. he u.s. legal action is creating division between u.s. and european banks. >> i think it is making the european banks feel like second class citizens with respect to the united states. we're seeing a lot more scrutiny. i would say, however, that a lot of the european banks are stepping up their government and they're really taking much more seriously how they structure their north american board, their north american government and how they're approaching the risk, which they have not do

speaking at the clinton global initiative in new york. >> let's turn our initiative back to barclays and the bank's stop barclays first -- talk barclays first. the big loser this morning. we just simply don't know. markets don't like not knowing. >> they don't. i want to give you a number. over the past 10 years, 40% of u.s. equities have been traded. that is a heck of a number. value. if you think that barclays progressed to number two bank in terms of market share, there are values and arpels. -- in dark pools. there is validity and merit. you have financial liability. it is a lawsuit, nothing was proven, nobody has proven anything thus far. it is important that we say that. the integrity of markets is critically important. barclays will defend themselves on this quite vigorously. >> you have traded in this. >> yes. they do afford you that opportunity to scale into the position without the market knowing what you are doing. institutione a big and you have to move a lot of volume, you don't want to be from run, so you go to the dark pools. in,pools that you swim traded and, did you know they wer

banks withdraw from barclay's following u.s.ns. >>> and soccer world cup fever helps nike beat estimates in the second quarter. >>> the mystery has been solved. alibaba decides to list its shares on the new york stock exchange. dealing a blow to the rival nasdaq. the chinese emerge giant will trade under the ticker baba when it makes its debut sometime this summer. in a statement, the nyse said it's pleased to welcome alibaba. appearing on cnbc's fast money, the ceo said they competed until the very end for alley bibabaal. >> we were working hard to win the deal. i think we brought it to even. we put a very good run for the business. and we wish them the best as they try to -- the ipo. >> the nyse is leading the nasdaq in terms of overall listings this year with 611 is% of all ipos nearly $21 billion in proceeds. >>> let's take a look at some earnings news. nike's fourth quarter beat forecasts on strong demand from the u.s. and international markets. sara eisen filed this report. >> investors cheered nike results after the bell

. >> the european banks run the bigger dark pools. can barclays do business within the star call if these other banks pull out? >> barclays shares are rising after a five-day decline. our second big front-page story is a big win for the nyse and a loss for the nasdaq. alibaba list on the new york stock exchange. it is likely to be the largest ipo ever with an estimate of value of $168 billion. it would make it the third-largest tech company on the nyse. >> is this a loss for the nasdaq? >> yes, the nasdaq was where all the tech companies went. problem.had a >> did you get your shares? you got like 10,000 shares. yeah, i got zero shares. a great conversation with robert nardelli, the former ceo of home depot. that the nyseters got this listing. >> it's weird to be on the floor of the stock exchange. the stockrted on exchange, there were many people down there and now it is much less. --people were so is he people were so busy that you bumped into the inkwell's. >> the president is asking congress for half $1 billion to train and arm moderate rebels

barclays. eric schneiderman accuses the british bank of mr. y of its anonymous trading platform known as dark pools. barclays says it is cooperating with the investigation. says thel minister crude export will accelerate next month. it is another sign that violence in the country is not affecting the oil in the south. a report showed next month oil exports from iraq will be close to a record high. and the bank of england's mark carney unveils the financial stability report in a few hours. economist forecast it will unveil new measures to cool the housing market. carney said rising mortgage debt could threaten britain's recovery. now for more on what we can expect from mark carney, let's bring in a chief economist. simon, thank you for joining us. so you are not expecting much from the fpc, much in the way of change, are you? >> i don't think so. one of the interesting features of our most recent survey, the one before that was not so -- the london market was coming off the boil. i know this is one of the features of the discussion going on. we

barclays. the european banking sector had a role in dark pools over the u.s. ave credit suisse, barclays, ubs at the top. american banks nearly as active in dark pools. you do sense that there is more regulation coming about this particular part of the business. >> one of the arguments from the euronext, youe, do not want to go to dark pools. there is not enough transparency or regulation. about it.nes there are pros and cons of having dark pools. the quiddity is the number one priority. more regulation and more transparency could be the next steps. well, calles, as high-frequency trading. >> we have had this relation in money in what kind of dark pools at the moment. thank you very much. score withnike sales investors after a better than estimated quarter. when it comes to the world cup, who will leave brazil with a win? "on the move you are watching." you can find me on twitter. ♪ >> welcome back to "on the move ." there 30 minutes into trading day. let's see how things are shaping up. here is a picture across the european debt to the markets. things are look

barcla barclays. >>> enough bank accused of being gree greedy. no.iant is facing fraud charges. regulators claim it lied to investors of trading share at the bank. let me break it down and explain. we know these days trading no longer a hub or floor of shouting traders. the majority is done by computers that buy and sell in a split second. shares are not on the public market instead banks operate their own private markets known as dark pools which are servely le -- are less regulated. high frequency traders have high-tech computers that can buy and sell shares faster than us, faster than traditional investors. this is where barclays apparently went wrong because according to the report, barclays encouraged traditional investors to use their dark pools for trade saying it would be safe from predators and help them avoid high frequency traders on the main markets. but reassuring traditional traders on one hand, barclays was inviting high frequency traders to use that same private market. the big losers indeed. individual investors and our pension funds

you can have a bank operating soundly and something like this will, with barclays. -- something that this will come up, like with barclays. >> we had manus taking us through the attitude of the markets. investors are looking through weakness in data. about the first quarter gdp revision is that if you look at the full year, the markets will get excited the rest of the year will be fast. talk about -- the potential for that is huge at the moment. you have to take that on board when you look at the markets. we are building up to something of the selloff. in the meantime, we attempt to carry on as normal. that is why the technical bottom-up approach is useful. >> derailment, thank you -- jammin, thank you. -- gentlemen, thank you. the information from the bank of england, later. ♪ >> this is "on the move" streaming live on your phone. this is the london stock exchange. it is planning an offer, the largest acquisition today. it is up by 2.67%. england's financial policy committee in charge of ensuring stability will deliver its biannual report. it is expected to center on the u.k. housin

new york attorney general will announce, according to charlie, a lawsuit against british bank barclays next hour. >> around 4:00. >> this is where it begins. what we have been reporting on your show exclusively is that his investigation allegedly into hft, not really the high-frequency trading. was the focus. there were going to focus on the real culprit, which is what i like. focus of fact that there are 40 different markets out there known as dark pools, and some of those can be gained by the high-frequency trading, and some of those give preferential treatment to certain high-frequency trade is based upon money which may be bad for investors. that is will report and what is coming up today. we reported the details exclusively and destroy the competition on the spirit if you watch fox business says abc we had that -- had them 15 minutes before. what he's doing is sending back the dark pool by the big british bank barclays giving preferential treatment to certain favored customers are big-time traders who are high-frequency traders. what we do know is that this measurement and barclay

authorities are suing british bank barclays for securities fraud. >> prosecutors in new york allege that barclays gave an unfair advantage to high-frequency traders over other investors and denied that it was happening to maximize its profits. earlier this week, news broke that french bank the and. -- bnp paribas could be fined as much as $9 billion for either dating sanctions against iran, sudan, and cuba. let's see how the markets took that news. our man at the frankfurt stock exchange has this to say -- >> it is stories like these that people here on the frankfurt floor can do without. corruption, manipulation, fraud -- it is damaging to the image of every market participant, and if there is more strict criteria, regulation for the markets coming out as a result, then that is a factor for everyone else, too. of course, people here are also getting the feeling, they say, slowly, that the american authorities are pinpointing european banks more than their own u.s. banks and giving billions in fines and taking that money from europe. european banks, the losers this day. the dax also a lo

banks? >> this one does not have anything to do with the fact that barclays is a foreign bank.e of the largest dark holes on wall street -- dark pools on wall street. feis.ent after the big --fish and they found evidence that backs up their case. >> might i suggest a barclays is perceived to be in london and across the pond. credit suisse, bnp paribas and now barclays. does anyone go after american banks anymore? >> i think jpmorgan paid 20 billion dollars. it's not an insignificant amount. >> to american banks have dark pools? >> goldman sachs has a well-known dark pool. a lot of wall street banks operate the same way. >> when i was still on wall street in 2000, we were starting up our hedge fund and morgan stanley advertised the blackpool as a selling point. this case is not about high-frequency trading. it's about how barclays misled its clients and they are using the margin act to go after the bank -- the martin act to go after the bank. >> i wonder if there is something political here? >> eric schneiderman set forward his insider trading 2.0 initiative last year and is try

thend barclays clients shun private trading platform as the bank ceo promises an urgent investigation. good morning, everybody. you are watching "the pulse." london.ere in i am guy johnson. >> and i am olivia sterns. giants arete, how ad sinking their teeth into the suarez incident. >> and alibaba picks its new -- picks the new york stock exchange to host its ipo. the name, baba. the eu has signed a trade deal with the ukraine. that country is very much now at risk of seeing retaliation from russia. hans nichols is at that you summit in brussels, where leaders are meeting this morning. first, the details of the deal. >> well, this is an association agreement, which basically lois -- lowers tariffs between 300, angola, moldova, and ukraine. this is the approximate cause which irritated russia and started this entire crisis. here is what happens next. one, we wait for a response from moscow. poroshenko has that he plans to ratify this as soon as possible. once it is ratified, you start harmonizing all of the different agreements and languages. what does this do to a potential ?xtension

bank based on the retail. bob had a very strong barclay's capital investment banking idea of where he wanted to take barclay's.remember right at the height of the crisis, many lehman assets on this side of the pond. he was trying to grow the investment bank, making it very big and aggressive and some of this is big u.s. names, as well. retail banking kind of guy, he wants to take barclay's simpler. he's announced enormous numbers of job cuts, thousands and thousand he of job cuts. he's pulling back. this may well actually play into his hand and given further -- we need to pay more thaná0 we will be talking to mr. schneiderman at 7:45 a.m. eastern time. you do not want to miss that. in the meantime, another tech giant releasing information that is workforce demographic and it doesn't look like facebook is eye more diverse than some of its peers. plus, in the next hour, we will be welcoming former fed governor kevin warsh to talk about that great op-ed that he wrote. now, though, time to make the case for what the fed does orr doesn't have pop. >>> giants tim lincecum pitched his second career no-hitter. back in

the major reason -- one of the major reasons for that is the losses we have had on the banks. barclaysw, interest in now, as soon as europe is closed we may get an announcement on the fine, bnp paribas fine. we will go to new york and the whole question of whether they will be locked out of dollar transactions and whether they won a six-month reprieve for that to start in january. there is a bank run in bulgaria they are trying to sort out to the east of europe. in portugal they have a problem with the main shareholder in the largest bank there as well. you are beginning to see the banks move in sympathy. remember when kbc, weand credit agricole were moved together, we are seeing it again today. the airlines, started off with bank of america and merrill lynch downgrading easy jet to a sell. effectively a sell. it is an underweight because they are worried about overcapacity and inability to grow the business, grow earnings. during the course of the session, they dragged down air france-klm and iberia. time for a holiday. >> thank you, simon. general motors opening up with the compensat

a new york attorney general has sued barclays claiming the bank lied to clients about high-frequency ext? >> week filed a complaint. we have discovery. part depends on the inject of relief we get or what barclays does -- part depends on the injunctive relief we get or what barclays does. we are in court and look forward to moving ahead in front of a judge. >> no new sanctions for russia and an extension of the cease-fire between the separatists and government. hans nichols in brussels with the latest. is monday a new deadline for new sanctions? ifit is a potential deadline leaders iron out their differences on how hard and what sectors to impose sanctions on russia for. there's still a great deal of disagreement. we do have a 72 hour extension of the cease-fire. but the cease-fire has been violated on several occasions. angela merkel said it was not worth the paper it was written on. an extension, more time to solve the problem, but no real threat of sanctions because the same divisions are here. ukraine along with moldova and georgia did sign association agreements. this binds those

we are already feeling that some banks are strong enough to start using that. barclaysential regulation authority said to them, bring us to the 2019 levels. that we haven't done that to rbs or lloyd's. as a rule, continental european banks don't appear to be terribly ready for this. therefore we are still having to treat it as a systemic bailout. as you say, the risks to europe are proportional to how big the bank is. globally, systemically important banks that have a european homebase, those will be very active and are going to be vulnerable to big fines which people have to build into their models. optimisticks pretty if you are a cynic. and i am a cynic. >> james, nice to see you. every time i see you use a cynical things. >> for the last five years. it is just realistic. >> that is a very fine line. nice to see you. james ferguson. we are going to take a break. coming up, elon musk sets his sights on britain. he has put the steering wheel on the other side. details next. ♪ >> welcome back. you are watching "on the move." elon musk is betting big on britain. the ceo

i gather that barclaycard is the second most profitable unit within barclays aside from the investment bankits doubled. i think you got 35.5 million customers. does that put extra pressure on barclaycard to expand, to deliver results? >> i wouldn't exactly say pressure but barclaycard is one of the areas of the bank we are looking to grow. we recently laid out a new strategy for the bank. this is really to position all areas of the bank for future growth. >> good to chat with you. i will give that to my wife and maybe i will steal one. thank you very much, valerie keating, ceo of barclaycard. break, we to the leave you with a picture of the oil markets. prices on the rise today. our next guest calls it a fear factor driven rally. it could be justified. ♪ >> this is "on the move" on bloomberg television. let's look at some of the top stocks on the move. >> let's get a check in of how the oil markets are affecting certain corporate. we have brent at an eight-month high. ,oncerns about violence in iraq second-biggest producer in opec. concerns about supply disruption. that is affecting airline

for years there chris powell and bill murphy said murphy gets to do more for you eat that barclays other banks are manipulating gold and now finally barclays that it had it meant as it's come out that they are in fact manipulating gold speak about yes i mean the financial conduct authority apparently examined all the dealings in barclays from two thousand and four through two thousand and thirteen and came up with one instance which they find boxes for. the trip find a trader involved and banned him from dealing in the city of london. i find it extraordinary that they've found in the one instance of the last. july's fraud lies lies the other side of general james kirk well the case or it's goldman you know invading ecuador banks are involved an institutional fraud barclays is part of it they've been a bit the gold prices and the language that they use the many people that describes naked short selling of paper contracts to keep the gold price down so that they can so ecuador stupid enough to it to think that they by trading their gold for paper are going to be in an advantageous position and t

. >>> british banking giant barclays sued by the new york attorney general over stock trading businesssign of wider problems in the financial industry? we heard from new york attorney general eric schneiderman. now we're asking raymond james financial. david: apple is getting reported buzz about plans for rolling out an iwatch. seems quite a few investors are betting against this the tech giant's strategy. we'll go into details about that coming up. ♪. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. david: time for a quick speed read of sop of the day's other headlines, five stories in a minute. first up, alibaba will list its shares on th

watching barclay shares, they are down 5% in london. they are suing the british bank alternative trading platforms. it's a place where you can get a fairer shake against the traders but the new york attorney claims barclays told their customers they would help them but the bank allowed them to quietly operate relatively unchecked. the suit seeking monetary damages for investors and raises concerns for how rigged the stock market is for the big players. gopro starts trading today. look, the action oriented cameras are popular with people like john berman. this is his video. this is him. it's about 45% of the u.s. camcorder market last year. growth appears to be slowing. tech giants like google are moving into the wearable gadget space. that's what gopro wants to be. >> we should do a broadcast with gopro's on. "new day" starts right now. >>> we got to give everything we got and more. >> we believe that we can win. in just hours, the u.s. takes on germany in the world cup. we hear from the team as they prepare for battle. can they pull it off? of course they can. we hav

banking sector. we have seen this at barclays, bnp paribas likely to be fined as a result of sanctions violations. k, a hot topic for the banks. >> the regulators are still combing through all the stuff that banks have been doing over the last decade. i am sure we are going to get more of these stories of wrongdoing in the past and sadly, the scale of the penalty is being levied on an upward trend. a you will see more banks paying more penalties area -- penalties. good news for us as taxpayers. the government has more money. >> one of the elements is going to be there inability to do clearing in dollars as caroline was saying. they have been given leeway on the timing of that so they can look for another option. we spoke to a currency expert who was saying that one of the implications for this could be another threat to the role of the dollar as a global reserve currency because banks are going to look for ways to get around using dollars. >> if you look at what china is trying to do, we have seen russia trying to use more of the ruble, and i think as the u.s. tries to extraterritorial eyes its jud

first up new york attorney general eric schneiderman filed fraud charges against barclays over its dark pool saying that the bank favors high frequency traders over other types of investors and now broker dealers are heading for safer water we'll tell you all about it coming right up then we're bringing you part two of my interview with mr jim rickards rickards is telling us how sanction the i am i and other british nations all factor into the financial world here and the intense stuff and at the end of the week which means it's viewer feedback day here on boom box edward harris and i are addressing your questions commenting concerns of on the show you won't want to miss a moment.

is there something different that barclays has versus the other big banks? lturally is it that different? >> that is a tough one to tell. what you really have is an amalgam of cultures at barclays, a lot of legacy cultures that are there. how many people were involved in the dark pool and what comes out of it, it is difficult to say. what i can say is to the extent this is causing a fallout in terms of a loss of trade volume in their equity business. it ultimately flows through into the investment banking business. we will see whether this permanently damages the equity business or whether this is just a temporary problem that management is going to be able to address. >> something we will continue to watch. as this lawsuit takes hold. brad hintz, one of our guest hosts for the hour. coming up the next hour, simple market strategist will be our guest host. we will talk about the quiet in the bond market as we get ready to close out the first half. ♪ >> good morning, "bloomberg surveillance." we need a morning must-read. i have it for you. with everything, geo

bank are justified. >> marvin barthis from barclays. t central banks can't be the only stop to go to. >> no, they can't. clearly, the authorities in europe do need to take further steps on structural reform. they also need to adjust bank regulations so that the ecb can actually successfully launch its promise program of purchasing asset-backed securities. remember that that was one of the highlights of the meeting but it's not one of the ones that you're going to see in the near term, simply because there is no such thing as an abs market or it certainly is a market that's infinitesimal in europe, in part because banks are discouraged from creating it. the ecb is trying to change that. they think that is one of the appropriate channels to get funding to small and medium enterprises in the periphery where that credit hasn't gotten before. i think the big change in the meeting was one that we'd actually seen foreshadowed a couple weeks before in president draghi's speech in portugal, he's basically taking a whatever it takes attitude. they

banks are down. you heard about the new york attorney general basically suing barclays claiming they're a dark pool run for the advantage of high frequency traders. credit suisse also runs dark pool. so does deutsche bank. they're all down. u.s. banks are down, as well. there are reports from the "wall street journal" that some customers of barclays dark pool are severing their relations there. b big question is whether business if general might decline. we'll have more on that later. >>> well, there are a lot of ip ch ipoist are on u.s. market, but the highlight is gopro. >> definitely a lot of excitement at the nasdaq.st are the highlight is gopro. >> definitely a lot of excitement at the nasdaq.t are e highlight is gopro. >> definitely a lot of excitement at the nasdaq.are on highlight is gopro. >> definitely a lot of excitement at the nasdaq. up 31% on its first day. about 40 million shares have exchanged hands. the self made billionaire emotional during the first minutes of trade. taking a step back, looking at the overall markets, nasdaq slightly lower on the day. retailers also lower after bed b

when it comes to banking but it seems like there's a bit of a war under way. filing a lawsuit against barclaysfar from being alone in taking fire from u.s. regulators. in fact, in the last couple of years, dozens of multi-million-dollar fines have been imposed on the likes of deutsche bank, ups, and others from market manipulation to bond buying and doing business with iran. >> dennis gartman and securities attorney andrew stultman. good to see both of you back. why is this happening? why do we have to keep doing that? >> i kind of feel like i'm in the movie "groundhog day." it's the same old thing ore and over again. the banks have defrauded customers over and over and over again. they get away with it year after year after year and they're a very easy target for regulators to go alf. >> dennis, the question is one of eight belles. >> quite honestly, i'm going to take complete exception. this is nothing more than a prosecutor's attempt to run for governor at a very early rate. let's beblunt. that's what's going on here. i have my doubt that this is egregious fraud. i don't think they're out t

new york attorney general eric schneiderman has filed fraud charges against barclays over its dark pools saying that the bank favors high frequency traders over other investors scary stuff and now broker dealers are heading for safer waters we'll tell you all about it coming right up plus it's the end of the week which means it's viewer feedback day here on boom bust we're fielding the audience's questions comments and concerns also been throughout the week a live on today's show it's all coming up to stay tuned lots of good stuff there are things there are extra and that does it for now for more on the stories we covered go to you tube dot com forward slash r t america check out our web site r t dot com for its last usa and follow me on twitter at a mirror david make sure to let me know what you think we should cover and stay tuned to buses next. well you like me you want your comedy news with some t.v. . comedy news to be a bare fisted no holds barred fight to the dad. like a vampire quiting into the next in the corporate elite the billionaire freaks while they're going. well that's what you get with my ne

barclays back on the block again. the banking giant is facing fraud charges. u.s. regulators claims it lied to investors over traded shares at bank. what's it done this time? these days trading is no longer a floor of shouting traders. instead the majority of it is done by computers buying and trading in a split of a second. banks operate their own private markets known as the dark pools which is less transparent and less regulated than the main market. critics say these are rigged in favor of the so called high frequency traders, known as hft. they have high-tech computers that can buy and share faster than us. this is where barclays apparently went wrong. according to the report barclays encouraged investors to use these dark pools saying it would be safe from predators and help them avoid the high frequency traders on the market. they insured investors on one hand barclays was inviting others to use the same market. individual investors and pension funds. we'll have more on "gmt" coming up. >>> also to san francisco now. google has kicked off the annual conferen

the person close to the situation says barclays right now is the only bank being charged.ight recall earlier this spring, new york attorney general eric schneiderman did say he was going to be taking a deep dive into dart pools and investigate them, and it appears he is getting ready to file suit against barclays. he is holding a news conference at 4:00 p.m. eastern time today. back to you, brian. >> mary, thank you very much. >>> lots of people jokingly call whole foods whole paycheck because of the prices, but guess what? whole foods is actually now admitting it overcharged lots of customers, apparently. that story is coming up after the break. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xe

banks lately? >> i think when you look at how bnp trade and two other names in the news, barclays will be levied a pretty big fine and deutsche bank for other reasons, they're at 52-week lows, the european banking index is down 10% from the highs two months ago, to me, throw this on the heap the u.s. equity market doesn't give a crap about. to me, we seen this action in euro banks over the last two years. it has weighed on u.s. equities. it doesn't matter right now. >> moving on here pending home sales jumping 6% in the month boosting shares. grasso. >> you heard me talk about kaybee homes. they said they see some growth or uptick in the housing market and with first time home buyers. d.r. horton is very exposed to the first time home buyer. i would say this is a lot of room to the upside. i'm currently home kaybee homes. upgreats i grades saying its stake in alibaba is under levels. he says it could add shares to yahoo if you take in an implied valuation including the cash and the benefit sheet. >> they will end up owning a bit more. listen, here's the problem. i think one of the reason the stock

should show a stock chart of the firms, if you notice credit suisse, ubs, deutsche bank, should be up there, barclays they have all the biggest, i think credit suisse is the biggest dark pool. all the dark pools which are private exchanges run by, by companies, by you name it, anybody can start an exchange these days. they will all come under pressure by eric schneiderman. we'll have eric schneiderman on later today. melissa: right. >> one of the questions i will ask him you have a specific case against barclays. you say barclays is giving preferential treatment to certain investors high frequency trading firms. melissa: while they were claiming to try to prevent this from happening. that is crazy. >> how many other firms did what barclays is doing? that is number one. number two. is barclays dark pool out of business? barclays is coming under a lost regulatory pressure. i would not be surprised if they start packing up to leave the u.s. >> look at the stock. getting absolutely hammered. as. melissa: charlie mentioned that attorney general eric schneiderman will be on with you and liz i believe later

you've seen yesterday a lot of big banks servering their connection with barclays.or the week down 8% monday. of course, coming in front and center. we believe according to the "new york times" when they will be fined $9 billion over transactions with the sudan and possibly, of course, a ban from actually clearing dollars as well. a huge logistical issue. the uk home builders continued to gain after the bank of england set new rules which probably won't rein in the housing market in the uk. a great week, you can see. finally, to brussels where the european union summit, heads of state, underway. earlier signed deals to extend european soft power to those areas in the face of what would be op zilgs frposition from rus. the bigger deal, the uk failed in its attempt to preventing a new commission president, a key leadership position for them moving forward. basically, this leads to more europe closer integration at a time when the uk would like less and would actually like to pay less for it. >> cameron, reportedly saying a sad day for europe. according to the telegrap

it hasn't gone totally unnoticed a bank of america, merrill lynch and barclay's upgraded after the quarternd them, it's been almost entirely overlooked. it's still trading about 50 cents below where it was before gnc blew up. i think vitamin shoppe is headed higher here as more people realize this company has its own story. different from these guys. and this story is going well. when the company came public in 2009, it was about rapid new store growth. these days, vitamin shoppe has plenty of room to open up new locations. but it's also got the fast-growing e-commerce business. the company's developing and marketing its own proprietary private label brands which i've taught you carry much higher margins than the big national brands. private label, 25% of the products. management believes they can get that figure substantially higher. meanwhile, vitamin shoppe has tweaked the format so the new stores have about 20% less square footage even as they have the exact same product offerings. now, two days ago, we learned that vitamin shoppe was buying a contract manufacturer of vitamins, mineral