of predators who were there at barclay's invitation. >> barclay's shares trading significant lower ons seen down by more than 5% at the moment. barclay's seas it takes allegations very seriously. >> in the meantime, bnb paribas may be faces charges. a ban would be part of a settlement for new york's department services over the bank's alleged violations of u.s. sanctions. bnp is expected to plea guilty this seems to be riding out its next publicity. the fed has sent a warning out to u.s. banks telling them to expect tougher stress tests in the future. fed governor daniel turillo said the bank would be subjected to new risk assessment, including a closer look at macro events which could impact the broader financial sector. >>> cole sneed is still with us, managing director of senate capital management. are they going to pass this tougher stress tests? >> yeah. there's great economics in their business, there are strong businesses involved, yet no one is going to like them. the regulators are going to take them. the consumer and a lot of the people around them have a disdain for them. w

dark pool known as barclays l x now barclays l x is the second largest dark pool in the u.s. behind the one run by credit suisse now the allegations are pretty significant ones and they include emails from barclays executives in which they describe decisions to do with the burnt leave mislead clients barclays share price fell six point five percent thursday following the lawsuit now. originally dark pools were private trading venues designed to help investors trade large blocks of stock anonymously advocates of dark pools argue that they offer cheaper training alternatives for investors now schneiderman's office is looking into whether dark pools operate in a way that is consistent with how they market themselves that's that's what's in question here now sharon said quote the facts alleged in our complaint show that barclays demonstrated a disturbing disregard for its investors in a systemic pattern of fraud and deceit barclays broods dark pool by telling investors they were diving into safe waters but barclays dark pool was full of predators there at barclays invitation now

dark pool known as barclays l x now barclays l x is the second largest dark pool in the u.s. behind the one run by credit suisse now the allegations are pretty significant ones and they include emails from barclays executives in which they describe decisions to do liberally mislead clients barclays share price fell six point five percent thursday following the lawsuit now a originally dark pools were private trading venue's designed to help investors trade large blocks of stock anonymously advocates of dark pools argue that they offer cheaper trading alternatives for investors now schneiderman's office is looking into whether dark pools operate in a way that is consistent with how they market themselves that's that's what's in question here now sharon said quote the facts alleged in our complaint show that barclays demonstrated a disturbing disregard for its investors and a systemic pattern of fraud and deceit barclays broods dark pool by telling investors they were diving into safe waters but barclays dark pool was full of predators there as barclays invitation now what's mo

keep an eye on barclays.ny jean king's -- anthony jean didn't not having a good -- anthony jenkins not having a good day. the big argument is as the barclays story breaks, what will happen in terms of otc markets versus exchanges? this company has received a takeover offer and is in talks. one it comes to titanium. the nations crude exports will accelerate next month. violence in the country's north is not affecting the oil-rich south. the exports from iraq will be close to a record high. the search for the malaysian airline jet that disappeared march 8 will resume in a new area of the indian ocean. it was suspended late last month. the new search will be made in his own as large as 60,000 square kilometers. bank of england governor mark carney unveils the financial stability report in a few hours. economists forecast that he will unveil new measures to calm the housing markets. rising mortgage debt could threaten britain's recovery. report, we aret joined by the chief economic advisor to the mayor of london.

david: barclays talking about them with the attorney general but barclays getting a boost.beyond down. david: we hear bells on all the exchanges. we see a lot of red arrows we should mention the downside moves were a lot steeper than where they ended the day. it is hard to let bad news into this market. traders are really pushing it higher even on down days. we're seeing very high up days. pretty easy to manage down days on all of the markets. the dow is down about 20 points right now. s&p, s&p is down a little, about exactly the same percentagewise as dow jones. the most minor movement at all is on nasdaq. then you have russell. very sort of flattish day on the markets but individual stocks doing very interesting things about which more in a moment. but "after the bell" starts

of barclays. that is their response thus far. this is going to low up in the entire argument about where you do your business as a private individual. where are you and i safe? the pension fund safe? much more importantly, institutions will now question the very validity of dark pools where they flew their flag for the past 10 years. >> what's the industry impact? dark tools, euro pools, this- dark will push the argument back toward exchange traded products, exchange trading. people want more transparency. transparency is available. it is in your car, your hand, google is on a mission to make its software ubiquitous. version ofiled a new the android software. for more, let's bring in caroline hide. good morning. >> google wants to become an android addict. beingant you to stop quick to give up your android powered smart phone and perhaps changed apple. they want to make it into your car and home. they have been buying companies such as nest and they want you to become an addict. they have various

barclay's, i think, very early on this when the news started to come out, first, barclay's suggested no case to answer, it's a banned work relatively quiet in responding. now it would appear that barclay's has withdrawn somewhat from the pr offensive. would i have had this memo from mr. jenkins. but i think the market is drawing its own conclusions. some banks drawing from the dark pool and investors have been selling down the stock here. they have decided to take action before they clearly know what the outcome of this investigation is. >> we've seen a rocky performance the past couple of days. the share price recovering on the back of that. thank you very much for that. >>> bnp paribas is reportedly ready to plead guilty to charges and pay an 8.9 billion fine. the "new york times" says authorities hope to announce the plea deal monday. the times says new york's financial regulators have -- bnp's license. for at least six months. >>> and the latest trade suggests that the stock is recovering today, as well, up 11.3% from the gains we've seen with bnp paribas across the european bank

barclays is back in the spotlight today.trades more or less flat this morning after 2.5 billion pounds was wiped from its market capitalization yesterday in the wake of a new york attorney general alleging deceit in its dark pools business. manus cranny is here with more. bring us up to speed on the latest. >> the allegations have consequences. we understand the number of institutions are pulling their businesses. what caught my eye is the people who have not been doing business with barclays. jp morgan, goldman sachs, morgan stanley. eric schneiderman went to the heart of the lawsuit on bloomberg. >> one of the things barclays was doing was changing the data, misleading clients about how many of the trades were actually filled in barclays own dark pool. this elaborate propaganda saying they filled whatever is best for the client, the best price, the best phil. -- fill. of all the trades were filled in barclays dark pool. >> what was interesting about the conversation as it went on, actions by barclays will govern the size o

if you are a client of barclays, you think of barclays ex-employee is going to click on the phone anday, by the way, this is happening? baloney. >> disgruntled ex employees? absolutely. washere is zero chance i going to get the call the head of blackrock and say, by the way, guess what db is doing. >> of course. >> you would want to know if your counterparty was lying to you about it and giving of false marketing the trails and different things, you would want to know, right? >> yes, but if i was a neck salesperson, i would not be calling a client. maybe i would be a whistleblower and call the government. >> them a break in for a moment. the supreme court has just come out with the ruling. the justices deciding to rein in the president's ability of the united states senate to make recess appointments. a big loss for president obama and executive power in general. megan hughes is outside the high court to give his the braking details. >> this is a very narrow ruling, but it was a loss for the obama administration. at issue is the president's power to make recess appointments that membe

manus cranny is covering barclays. caroline hyde is looking at nike . and in hong kong, zeb eckert is focused on what could be the biggest ipo ever from the u.s. as alibaba chooses an exchange. u.k. prime minister david cameron's fight against jean-claude juncker is only the beginning of a battle with brussels. it looks increasingly isolated from traditional allies. hans nichols joins us from the eu summit in brussels. good morning. tot is angela merkel's plan de-escalate the situation? >> that is a very good way to put it. merkel wants to lower the temperature. she plans on engaging on policy and acknowledging the need for reform. listen to how she made sure there was space for cameron to climb down. ifi think it is not drama the vote is not concordant. we have to find as much common ground as possible on substantial issues. i think we can find good compromises with great britain and extend our hand to them. >> on her first point, not wanting any drama, she may be disappointed. cameron plans on calling for an actual vote to see where the chips fall on

barclays back in the spotlight today. the ceo is promising an urgent investigation after new york attorney general alleged deceit in barclays dark cool trades. manus cranny is here with more. ceo anthony jenkins looks like he has to act quickly here. some real delivery. business is beginning to move away from barclays. deutsche bank, a lot of the big names apparently draining liquidity from the old. to me, the interesting part of that story is they had not been doing business. goldman sachs, j.p. morgan, and morgan stanley were not doing business with lx. that tells me a great story. did they know? eric schneiderman, the attorney general, caught up with us. >> one of the things barclays was doing was changing the data and misleading clients about how many of the trades were actually filled in barclays own dark cool. they had all of this elaborate propaganda saying that they go with whatever market is best for the client. fact, the data that this director was repairing for a big institutional investors showed that 75% of a

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

this is where barclays apparently went wrong because according to the report, barclays encouraged traditionaluse 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. listen to. >> the wall street filed charges that barkley clue the dark pool one of the largest in the united states by telling investors they were diving into safe waters when in fact barclays dark pool was full of predators there by barclays invitation. >> by the time we were talking beginning of june, they were the second largest dark pool offered in the u.s. it looks very much like greed maybe has taken over as part of the process to insure they've improved market share. >> greedy traders and lying banks. that's not the first time we've heard all of this. why do dark pools exist at all. that's the question. i put to our business editor a little earlier. >> this

let's stop barclays first -- talk barclays first. the big loser this morning.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 were being exposed to high frequency traders? were they being? >> my word is my bond. ,> it i

it is said the barclays misled investors who traded him dark pools. are remember when dark pools were first created and i was trading on the street. the original premise was not to cross it upstairs. order, iody sees the don't trust this, this is the basic idea. if i go to a dark pool, it's like i have a valet and nobody knows what i am doing and it is more discrete. >> so nice to see you, we will take care of that. you have stock for sale. we shall endeavor to do so in a quiet matter. >> all you need to know about dark tools. >> we need to let you know that new york attorney general eric schneiderman will join us on bloomberg television at 3 p.m. with trish regan. next story in our front pages is the supreme court rulings, two big ones and the reactions -- one of them is called a big victory for privacy rights in the digital age. the supreme court unanimously ruled that police made warrants to search cell phones when they arrest someone. this will probably extend to tablets and laptops as well. >> is good to see a unanimous vote. they just crush them

clients over barclays clients.need to get more information on this, frankly, because the press conference is about to begin. but if that is actually the case, there would clearly be some violations here. the s.e.c. has said many times in the fast that price time priority is very important, best execution. you cannot favor your clients over other clients, even in a dart pool, and if they have some information, if sneiderman has some information that they have, in fact, done that, that's a serious allegation. >> it is. and we're going to keep people posted on that when we hear from eric schneiderman. we'll bring that to you. brian kelly, in the meantime, whether it's the fact of this particular instance, whether it's people more broadly taking positions off, i guess, how important is it to you that we have seen somewhat of a lack of activity here, just not great volume lately? >> yeah, well, i think, listen, everybody that i talk to and myself included are saying, you know, we have two days here with kind of two diff

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 in the next hour. tom with, what do you think about this. >> "wall street journal" report the fact that you have a new doj prosecutor who will be going after banks, making european banks very, very nervous. i look at this, forgive me, how many of their customers are doing limit orders versus market orders? with market orders and like charlie says, all the companies can start their own exchanges now, you know they run it through their own exchange, and, the customers that do most business with them will get preferential treatment. i look at this, i'm not sure why regulator will be in there. this is something customer has to deal with. >> i don't think they will anymore. this is a shot across the bow. mary jo white, sec chairwoman said this, she is very neg

at the you look different models that are endging, we have ubs at one of the spectrum, barclays kindf in the middle and they cannot figure out what to do. jenkins keeps getting hit from every side. but he is basically traveling in that direction. deutsche at the other end of the spectrum. do we know yet what the future of european investment banking is going to be? the risks seem enormous and the prophets seem incredibly low. income is being regulated out of existence. does investment banking have a future on this side of the pond? >> i think it has. .here may be 20 players investorsthink that will reward companies with the right business model. if we talk about barclays today, for example, it seems that the current management is struggling to find what barclays should look like within the next five perhaps, that is why, the shares are trading at a discount. also, the current management, even though it is mostly new internally, but still new to some of the someesses, we think that businesses are probably going to carry some legacy issues for longer. unkne talking about known owns sli

attorneyafter new york general eric schneiderman filed a lawsuit against barclays claiming that barclays lie to clients about high-frequency trading in that dark pool. is pledgingarclays to conduct an urgent investigation. >> i saw a conversation with arthur levitt, the former chairman of the sec. he did not mince words. he said any attorney general in their actions has a political tinge. that was his exact language. he did not take a shot at schneiderman. he took a shot at the office of attorney general. therein.e goings-on undertonehis other that we were talking about yesterday which is how curious that would keep going after non-us banks. -- paribas, archelaus >> -- barclays. >> 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

join us as the chief analyst at barclays. the case for u.s. is finally starting to build up. john kerry arrived at baghdad tomorrow -- this morning. this is a rival change the trajectory of the rise of oil? >> what can john kerry accomplish at this point? if prime minister malik he steps down who will take his place, and will that somehow change the insurgency? i don't think so. we don't have an army capable of stemming this fight right now. advisors, isly 300 this going to be enough? >> why have the saudi's been so absent? difficult choice, they don't like prime minister malik you. they believe he has to cleared all-out war on sunni politicians and that he is tied to iran. they don't like isis either. saudi arabia is a difficult place, they want them gone but they don't want isis the flourish either. >> i don't want you to give away state secrets but what is the quality of our intelligence? do we really know what is going on there? a very sizable u.s. embassy there. i don't think this is the case of not knowing. if you look at with the journa

economist at barclays. welcome to the program.nk you for having me on. >> are you saying deflation is a risk? >> the move higher is going to continue so i don't want to give the impression that we're going to search to 10 % inflation or something, but we think there are -- that there is going to be a steady move higher, going to move above the feds's target by year end. >> interesting. so what is the risk to market? the fact that inflation is rising or the fact that the feds will have to change its stance. >> we think that is it is the fed priced into the markets right now is too benign, that the fed will end up hiking rates around the middle of 2015, and that's not something the markets have priced in right now. there's a risk that the feds might have to go before that. as expectations shift, that we will see a sell off in the fixed income market. >> do you think that the federal reserve, janet yellen, is straight with people, then, when in the last kind of set piece news conference and statement they didn't acknowledge rising in

. >>> barclays is facing a dl$300 million deal according to "the new york times." the claim is related to an investigation conducted by the fraud office into $322 million pounds of advisory fees that amanda stavely gave to barclays during that time. reports say her contract entitles her to receive the same sum. >>> and shares in trouble. the italian lender has failed to open on the first day of the bailout. the shares are suspended after they fell 10% in early trade on monday. they are looking into repealing state aid but it may not be enough to pass the upcoming stress tests while the bank's chairman says he hopes lender will be able to remain independent. >>> a look at u.s. futures heading into the break. we are looking at a mixed picture. if you take fair value into account, only the nasdaq is slightly higher. we'll be right back after a short break. don't go away. >>> japan's gdp is revised higher thanks to a pickup from the first quarter from capex. >>> and fifa sponsors split over allegations for qatar's 2020 world cup bid. >>> and apple spliced up their trad

all after eric snider man accused barclays of lying to clients.snider man accused barclays of lying too says the company will likely strike a debt restructuring deal with its bond holders and finance apn expansin in japanese market. and elizabeth arden losing lg as a potential suitor. over to you. >>> it's powerhouse time. we've been giving you some hints. the birth place of wonder woman and petsmart is headquarters there. you c can you name the city? it's phoenix. here a snapshot. median sales price for all homes nearly $182,000. with inventory p about 24,000 homes. properties are on the market for an average of about 97 days. gene, good to have you here. we'll focus on the area of scottsdale. let's get right to it. it's 11601 east cortez drive. $600,000. two bedrooms, 2 1/2 baths, 12400 square feet. tell me about it. >> we've found a home buyer for this place. a classic exam ple of a second home buying opportunity or someone wanting to down size. i asked a man why do you choose scottsdale. he said you don't have to shovel sun. this is a golf course home like all the ones we'll show t

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 conference for software developers. the search giant says around a billion people are using devices running the android operating system. in the future it hopes not to be smart phones and tablets to use android but watches, televisions and even cars. our north america correspondent has been at the event. we'll hear from him throughout the rest of the day, certainly coming up on "gmt." an android wristwatch, just what we need. follow he on twitter, @bbc aaron. >> you love your watches. >> not android watches. when you see pictures, you think of steve jobs. it looks like a copy of jobs'

barclays stock is down quite heavily today.s operates the largest dark pool in this country. the allegation is that they not only aided high frequency traders within it but told the clients they weren't going to do that and rooted some of the trades to themselves. barclays is down. credit suisse operates the first largest dark pool in this country. back to you. >>> when we come back, gopro has opened for trade as you faux by now. healthy 30% gain. we're going to show you a little throwback thursday. this is gopro a decade ago back when it was still using disposable cameras. speaking of gopro, we'll talk to one of the first major investor on the company. still on the board. river woods michael marks, former ceo of flex tron anythings is up next. ♪ ♪fame, makes a man take things over♪ ♪fame, lets him loose, hard to swallow♪ ♪fame, puts you there where things are hollow♪ the evolution of luxury continues. the next generation 2015 escalade. ♪fame fifteen minutes could save you fifteen percent or more on car insurance. yeah. everybo

we now have a case against barclays. we look at how they allegedly deceived their customers about how they ran their dark holes, which could impact the customer's lime -- bottom line on trade. dark pools are part of the discussion we had with the fcc, and other regulators on how to that does notrket have transparency and a lot of people simply do not understand. key -- they are one of the platforms people used to look for better devices with these fast computers that beat everybody else on the market. >> just the word is nefarious. it sounds nefarious. >> it does. it is the lack of transparency to have people heated on the issue. now that we finally have a case on this, cracking this open and letting us look on how -- at how this operates. average investors should be worried about this because? transparent -- transparency in the equity markets at the end of the day affects the price of stocks and that trickles down to re--- to the investors. could ultimately hurt investors. >> thank you. they will have an interview with

it says "brooklyn burger cheeseburger." >> both: "barclays signature prime beef." >> that's not barclays>> did you see that before? >> no. >> but see, these are the details that matter. we're spending $180,000 a year. as i walk around the stadium, i don't even see $18,000 worth of value. i see the batchagaloop burger. >> it's made with a brooklyn burger-- >> so they have a burger in here that's not called the brooklyn burger? that's a problem, right? the sports contracts that we have don't justify any sort of investment. i've made the decision to terminate all of the sports contracts, and save over $400,000 a year. we're gonna focus on selling these burgers in grocery stores around the country. look, i'm as enamored as you are by the glitz and the glam and the logos and all the fun stuff that goes with it. but at the end of the day, it's a business decision, right? >> correct. >> so it just doesn't-- although nice, the economics just don't work. >> and who gave you the p.o.? okay, let me check with frank and i'll get back to you. okay, bye. frank? >> yeah? >> you're still giving your own

we should point out that barclays has no,.k that this is a disservice to the market if he goes after it this way. high-frequency trading, i don't care what anyone says, it's not a big concern. becomes a concern because the market is so fragmented, there are not to markets. their 40. and in those there are privately held exchanges that can give preferential treatment. whether that -- that has the potential to hurt you. liz: very, very tough decision when he talked about this kind of stuff. the going to punish people who created something smarter, better, and faster. however, going back to regulation fair disclosure, that came out. you have to make a level playing field. liz: -- >> here is what they did. you have competition the created markets. i think any rational person will tell you do not need 40 different markets. alan love to get him on to ask about this because he has smart people working for him, you know, they cannot regulate the securities market. but he understands that there's a problem. one way to prevent is to mak

in 2006 at westchester and then in 2008 at ridgewood where we are headed for the barclays event this year. rose having won the tournament four years back. the trophy that justin took home in 2010 was a rendering of the liberty bell. this would be a very nice pair to have. >> i am standing directly behind them. the point where it last crossed the hazard, i am on the fairway. jim: how many times have we seen this david? >> i don't understand it. jim: we saw it with brendan steele. we saw it with rosie in regulation. >> rosie would have had to have gone a long way back. if you go 10 yards back and have the perfect lie you can spin it from. your ball is not away above your feet as it is here. there is a look at it. you just go back and you are on the fairway. >> you can almost draw a line. >> have you five options with your red hazard, drop it to either side. you can take it as far as you want. you can play it as it lies, which is unlikely or play the shot. nick: you are right david. excuse me. bad timing. but it is the same spot. if he land its there as rose was trying to do, open up th

barclays said it's taking the allegations seriously. >> now, property developers in china say 50 million homes are vacant. it is a worrying sign for a country recovering from a property bubble. economists fear another real state slump. adrian brown has more. >> reporter: china's property market is a scary place. a few years ago the market here had seriously overheated leaving the government to tighten the lending criteria for banks, leading to a number of property developers going bust. walking away from projects and left millions upon millions of homes standing empty. chinese who have money and want to by property are doing so, but doing it overseas, in the united states, canada, britain, australia and new zealand, because they believe the markets are safer places for their investments, with no faith in china's economy. in the past property has been a principle source of invest. because people didn't trust their stock markets or banks. on top of that we have seen property prices fall on average by 10% during the past few months. construction across the country is down 20%. there is a co

barclays does optimus prime. serious note, has declared a new islamic state across syria. those borders were established back during world war i. state is a challenge to the west. bookn rhodes wrote the "how wars end." a iraqis actually transformer. it turned into a train wreck. the local parties will continue to fight in a secretary in war that will get worse before it gets better. >> this has been going on since 632 a.d. why should we think there should be resolved anytime in the near future? bouts ofour local power within and in no government strong enough to get the allegiance of the entire society. statesh does the united have to care that iraq is in chaos? that is something people are coming to grips with now. some are saying we have to go in to make sure we keep a lid on this. others are saying let's run the risk. >> i wonder what the effect is on the ground in iraq. there has to be a lot of people leaving now that you have a caliphate. >> it is like vaporware. this is a group that has established -- it ha

though barclay's this morning did put out a bullish note citing strong ad shares. other market participants say that's slowing user growth, a bit of a concern looking at twitter. >> any of these stocks on your list? dr. j? >> a number of them. we talked about these, for instance, solar city, elon musk's other job running solar city instead of tesla. solar city busted all the way down through the 50s and now it's back up to 70. i mean, you look at opportunities like that. we always talk about oh, i like the stock $5 lower, and we listen to that and say these people are idiots that say that. when it gets down there, they won't pull the trigger. many of these stocks did give you those entry points. if you didn't pull the trigger then you're regretting it right now. >> i'll give you a quick mo-mo name as well that doesn't get thrown in but should be, under armour. fantastic numbers. everything sells off and everybody says the valuation is too high. underneath 50, michelle, an absolute gift. blood in the streets, nobody wanted to talk about that, talked about that on th

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

liz: charlie breaking a story on barclays. thank you very much.inal gdp reading for the first quarter shows the u.s. economy contracted by about 2.9%, much more than economists had expected. up next we'll find out, we tried to find out what is going on in the economy now and what this means for you. david: how do we get that economy moving again? meanwhile the wearable tech industry, it is red hot right now but one thing that seems to be missing, yeah, a little bit of fashion to match the function. coming up we'll talk to one man who thinks you shouldn't have to compromise on fashion for function. he will be here with his watch coming up next. we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no t

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 loser, giving way suddenly in the afternoon. traders here not really finding a plausible reason for ex

. >> new york attorney general is accusing barclays of lie to go its customers. barclays misled clients about how many frequency traders used high venue of buying and selling stocks. it allows investors to trade stocks anonymously. erik schneiderman has taken a leading role in investigating whether dark pools and stock exchanges are giving traders the advantage over others. no comment tonight from barclays. >>> your computer, your smart phone, your tv, two big >> now inroducing, the new al jazeea america mobile news app. get our exclusive in depth, reporting when you want it. a global perspective wherever you are. the major headlines in context. mashable says... you'll never miss the latest news >> they will continue looking for suvivors... >> the potential for energy production is huge... >> no noise, no clutter, just real reporting. the new al jazeera america mobile app, available for your apple and android mobile device. download it now >> this, is what we do. >> al jazeera america. >> by bringing the android operating system to cars, t.v.'s and watches. the c

watching barclay shares, they are down 5% in london.nsparency in the dark pools, the 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

. >> new york attorney general is accusing barclays of lie to go its customers. barclays misled clients about how many frequency traders used high venue of buying and selling stocks. it allows investors to trade stocks anonymously. erik schneiderman has taken a leading role in investigating whether dark pools and stock exchanges are giving traders the advantage over others. no comment tonight from barclays. >>> your computer, your smart phone, your tv, two big companies are locked in a battle over everything you own. >>> and the small business born out of a tornado disaster. a comeback story coming out of country's music capitol coming up. >> this, is what we do. >> al jazeera america. >> by bringing the android operating system to cars, t.v.'s and watches. the conference for app developers in california, the new software will make possible stuff like a food ordering app designed specifically for a smart watch. it will allow you to order a pizza i in under 20 seconds. >> this interface allows me to cheese the food i want today, and then i can swipe and repeat my

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david: barclays talking about them with the attorney general but barclays getting a boost. [closing bell ringing] >> up 7% and bed, bath & beyond down. david: we hear bells on all the exchanges. we see a lot of red arrows we should mention the downside moves were a lot steeper than where they ended the day. it is hard to let bad news into this market. traders are really pushing it higher even on down days. we're seeing very high up days. pretty easy to manage down days on all of the markets. the dow is down about 20 points right now. s&p, s&p is down a little, about exactly the same percentagewise as dow jones. the most minor movement at all is on nasdaq. then you have russell. very sort of flattish day on the markets but individual stocks doing very interesting things about which more in a moment. but "after the bell" starts right now. liz: let's get right to today's market action. we have kimberly foss who says utilities are a very good bet right now. chris konstantinos, riverfront investment group director of portfolio manager. chris will tell us where you should put you

i know barclay card will be with us for many years. mobile payment is massive now.startups entering your space. how do you keep ahead of them? >> our focus is to make our customers like easier. this push has been to say, how do you make the payment easier? make it seamless. make it part of my everyday life. >> is there a limit to what you could use to pay? what other artifacts around your body could you feasibly pay with? >> i could let u.k. consumers decide and push us in the right direction. >> it is all about technology, isn't it? is your technology better than the competition? what is so good about the barclaycard technology? >> the technology we are using for these is contact technology. we were on the forefront. now you see every major bank out there issuing contactless cards and merchants trying to roll them out. we are leveraging a technology that is easy for consumers to use, but also easy for merchants. it is embedded in the terminal. they don't need to change the way they are going through this. >> you have been a great success at barclaycard. i gather th

we get or what barclays does.nd 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 countries more closely with the european union. whatigning was precipitated the crisis in ukraine, caused russia to annex crimea. now it is on paper, set in stone. president poroshenko talked about how imp

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

fourteen goldman sachs has raised its tracking estimate by two tenths to four point zero percent barclays has also raised its estimates for q two to four point zero percent three recent guess and boom bust mark chandler marshall are backing cullen roche all said that the u.s. economy is improving manufacturing and service sector data is surging higher jobless claims are at cycle lows and unemployment has been dropping so while the u.s. economy is by no means firing on all cylinders the situation is improving for many business executives this makes the obama administration saying things against russia problematic to top u.s. business lobbies the u.s. chamber of commerce and the national association of manufacturers plan to run newspaper advertisements tomorrow in the new york times wall street journal and washington post warning that more sanctions risk harming u.s. workers and businesses companies from the united states represent the largest source of foreign investment in russia and these companies fear sanctions will hurt their bottom line. however as the eight billion dollar fund again

barclays said it's taking allegations very seriously.now a property developer in china says 50 million oms are vacantment the figure -- vaguant. the figure is a worrying sign. economists fear another real estate slum. we have more. >> reporter: china's property market is a scary place. remember a few years ago the market here had seriously overheated, leading the government to tighten the lending criteria for banks, leading to a number of property developers going bust. they walked away from project and left millions upon millions of homes standing empty. chinese who have money and want to buy property are doing so. they are buying in places like the united states, canada, britain, australia and news. they believe those markets are safer places for their investments. they have no faith in china's economy. in the past, property has been a principal source of investment because people didn't trust the stock markets or the banks. on top of that we have been seeing property prices fall on average by 10%. during construction across the countr