after that, new rules make him. >> that michael lewis book sparked a major concern on capitol hill. what is the industry saying in response? >> the industry has attempted to defend itself. what we saw today was chairman terry duffy come up to testify. the difference which duffy is trying to point out is what michael lewis is outlining and what goes on in the future's office art two very different things. -- r two very different things. >> they are different from equity markets. to the u.s.apply futures markets. it is an important distinction, markets, one that cme group is trying to make. futures and equity market are very different things. a lot of explaining for lawmakers as they attempt to get their heads around this issue. >> any sense that lawmakers are preparing a move on a bill to address the markets concerns? >> i now it seems like more of a wait and see approach. they want to know at the cftc is going to move. they are pressuring other regulators to take a look. from a legislative perspective, you hear lawmakers voiced their concern, but i think we are a ways away for any k

at the top of the list is michael lewis's book on high-frequency trading/boys. booktv host of your call in program with mr. lewis last month that can be viewed any time at booktv.org. in a fighting chance by massachusetts senator elizabeth warren cover the senator's talking washington d.c. earlier this month. look for it to air in the coming weeks. good morning america and robyn roberts comes in third with her memoir everybody has got something followed by french economist thomas piketti's capital in the twenty-first century. for arrived, by the president and editor-in-chief of the huffington post media group, area huffington. nightline a anchor dan harris's 10% happier is in sixth. seventh is political commentator bill o'reilly and historian martin deuteride's killing jesus. next, the divide. american injustice in the age of the wealth gap by matt taibbi. booktv recently covered a talk by the investigative reporter at the louisville free public library. look for it to air soon. ninth is a collection of essays and stories by marina keegan, the opposite of loneli

is "everything i need to know i learned from a little golden book" by diane moldrow followed by michael lewis' "flash boys." booktv hosted a call-in program with mr. lewis last month that can be viewed anytime at booktv.org. "can't we talk about something more pleasant?" is fourth on the list, and number five is thomas piketty with capital and the 21st century. he focuses on wealth and income inequality in the europe and the united states since the 18th century. george saunders comes in with "congratulations, by the way," and seventh is mariannaly varian cra's to "the closer." robin roberts at eighth with her memoir, "everybody's got something," and ninth is "david and goliath." malcolm gladwell's talk can be viewed on our web site. and matching up the best sellers list at ten is requested finding me," by ariel castro's kidnap victim, michele knight. for more information, visit npr.org. >> lauren is next on booktv of. she talks about the many political causes taken up by upton sinclair over his life including his unsuccessful run for governor of california in 1934. this is just over an hour.

is "everything i need to know i learned from a little golden book" by diane moldrow followed by michael lewis' "flash boys." booktv hosted a viewer call-in program with mr. lewis last month. that can be viewed anytime at booktv.org. the memoir, "can't we talk about something more pleasant?" is fourth, and number five is thomas piketty with "capital." he focuses on wealth and income inequality in europe and the united states since the 18th century. george saunders comes in sixth with "congratulations, by the way," and seventh on the list is mariano rivera's memoir, "the closer." good morning america anchor robin roberts at eight with her memoir, "everybody's got something." and ninth is new yorker writer malcolm gladwell's "david and goliath." his talk on the book from the free library of philadelphia can be viewed on our web site. and wrapping up national public radio's bestsellers list at ten is "finding me: a decade of darkness, a life reclaimed," by ariel castro's kidnap victim, michele knight. for more information visit npr.org. >> booktv asked, what are you reading this summer? >> one of

it's another story you have today that really got our attention and that of course relates to michael lewisred the pot by alleging that the markets are rigged. today there's a new twomt devel between high-frequency traders and the iex exchange named in the book. you want to explain what this is really about? because a number of our viewers and probably a good amount of them trade on venues that you have news regarding. >> yeah, that's right. this goes to the whole question of what does your broker have to do if you send them a letter asking them to route your trades to a particular exchange or venue? now, cnbc has obtained some correspondence here. this correspondence between fidelity and scottrade and their own clients. the clients in these cases asked for either all or a large portion of their trades to be routed to that new iex platform which was featured prominently in the michael lewis a flash y bobo bo boys" book. fidelity is unable to direct all of your orders to iex. scottrade says scottrade respectfully denies your request to route your orders to iex. so both firms here saying that

to make very broad reforms because of the michael lewis book. here's why.nk they're not that unhappy with the overall market structure right now. decent pricing in terms of the cost. they were concerned about mini flash crashes. i think they want to tighten some of the bands somehow, but by and large i think they're pretty happy. here's one thing, dark pools, 40% of trading in the dark pools. i think that worries them. i think you are going to see some proposals, very modest one that might require dark pools to provide better pricing, price improvement than the exchanges provide. if that happens, and i think it will, it will be a limited pilot program and they'll see what the effects are. >> we've had a bunches of flash crashes since then. they were just small and individual stocks. >> the reality is, the scary thing is the dependency that investors have on electronics trading, electronic trading represents the vast majority. as soon as somebody sees a chart that breaks down, all the machines go after it, and you have those small flash crashes that you refe

anybody to sit there -- i read michael lewis's book twicing okay? you have to get through it to stop laughing. this guy makes high frequency trading sound like the devil when in reality, are there people screwing around? yes. there are murders in new york city, you know that, unfortunately? is new york city the murder capital? is it unsafe -- gerri: not a good metaphor. >> exact same thing. are there murders in new york. there is criminality in new york. does that mean you will get ripped off when you walk out side? gerri: if there is to road, and i'm on a toll i want to know about it. >> when you pick up an ice cream cone there is toll on that ice cream cone, okay? there is a markup. gerri: trying to follow you here. >> you don't think you pay, you think pay markup? gerri: now we're ice cream cones? i'm a little lost. >> did you pay markup to tom car develop? how do business make money. they mark things up. you mark up on a car? gerri: i want to know about it. >> do you know every priceline item in your car. gerri: charlie, thanks for coming on. it

michael lewis blames everything on high frequency trading which i think is a side issue. reality is we have 50 stock markets out there. melissa: right. >> when you have that type of fragmentation in the markets you will have "flash crashes" when a price doesn't look right because you have a lot of computer technology. has nothing to do with hft. if michael lewis wrote intellectually honest book he would have focused on 50 markets, not this nonsense of a side issue. >> the other thing about the high frequency trading being unfair. all right, don't sell public data. make all public data free and have it synchronized. >> is it public though. >> that's what i'm saying. >> a lot of that data, here is the problem that they have, we're divulging, diverting to a different conversation but a lot of that data they say, high frequency guys get first is proprietary data of the new york stock exchange. they should sell it to whoever they want. >> or make it public and free. then you fix the problem. >> how do you make something public, eminent domain? i don't know. melissa: that's a g

. >> and tom joys gives us his reaction to the michael lewis book saying the stock market is rigged.er this. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ >>> welcome back. profitable, utility, one of the best performing sectors this year. >> dominic chu has a special report on what's behind the utility surge. dom? >> not sexy but they are important. these companies make up just a paltry 3% of the broader large-cap index. now, so far this year, they are the best performing sector, up 10.9% and investors like utilities because they are considered defensive. less subject to the ups and downs of the overall economy and cyclical tie. you get paid to wait. now, edge asset management manages over $26 billion in assets with income generation as a core part of their strategy. president joe kuhnive says there's a number of attractive qualities for these utility stocks. utilities have shown steady growth

controversy over high frequency trading, yes i am, over the michael lewis's book "flash boys," traveledon. they grappled with the assertion that markets are rigged. david: i can't believe they will allow that to move legislation. call this a case of bottle shock. we're not talking about movie of that name but a turning point in the longstanding rivalry between the u.s. and france over vino, wine. liz: one. most prestigious addresses in manhattan but its owner, billionaire former hedge fund titan is having a tough time selling that luxury apartment even though he cut millions off the asking price. find out more coming up. ♪. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a pe

here is tom joyce.rcreation to what he said about michael lewis and the book and your reaction.e is tom joyce. >> he's dead wrong. let me ask you a question. who is rigging the market? is the s.e.c. rigging it? i doubt it. is duncan? i doubt it. duncan has more integrity than your family unit. >> so do you want to answer to what tom joyce said? and again, the conversation went on and he brought the example of everybody has an advantage over somebody else and whatever line of work or whatever you're doing throughout your life. you have documented with ammon a specific advantage that certain brokers have other others in the way they trade on ie sxch echli. so answer tom joyce e's charge, please. >> again, it's whether intentional or not, what has happened is that the markets themselves have in a way provided certain advantages. back to the point i was making is that the exchange really, the dark pool, the markets, their whole goal should be to be neutral, to be fair. and technology has evolved. again, selling technology automatically changes your perspective. so i think you can't

is the book right that lays out for michael lewis, they are skimming off the top and it's a fi fixed market? >> of course, they have an advantage, cleverly obtained and of course, it does the rest of the civilization no good at all. it's functional equivalent of rats into a granary. no, i don't like it. >> charlie. >> it doesn't seem like it's much lauded because you really need the liquidity, it's not guaranteed to be there, so i'm not an expert on it, but it seems like a strange sort of profit. >> it may create more volume, but that's not the same as being a liquidity provider. they've gained a natural advantage just by figuring out how the system worked and getting there first. that adds nothing to gdp or real output of goods and services. on the other hand, the market isn't for the small investor, they've never had it so good and high frequency trading, i don't think cost them a penny probably. >> let me ask you very quickly about the situation in ukraine. how much time do any of you spend thinking about that? how concerned should we go from a geo political standpoint? >> when yo

this time it concerns goldman sachs and what has become dirty words after the michael lewis book. >>h michael lewis, like extolled them as the wall street firm that does, part of the good guys against the evil high frequency trading. this part is not exclusive, that goldman announced today -- it came out in a regulatory filing -- that they're being probed for their high frequency trading, just the stuff that they were railing against. now, here's the part that is exclusive. one of the places probing them is new york attorney general eric schneiderman. what we understand about that probe is it's striking at the heart of one of the places that high frequency trading occurs that goldman plays a big part in. it's called dark pools. one of the things that schneiderman is looking at is goldman's dark pool, and how they work that dark pool with high frequency traders and how they use that, essentially, to rig, quote-unquote, possibly rig the markets or give high frequency traders an unfair advantage. at least that's what we know from sources close to schneiderman's office. they are looking

high-speed trading has come under scrutiny after the release of the book "flash boys" by michael lewis which claims some traders have an unfair advantage in the markets. retail sales edge up a meager point 1% in april. sales of furniture, electronics and appliances dropped while clothing , building materials garden equipment rose. the disappointing april numbers from the commerce department -- follows a robust 1.5% jump in march -- the largest increase since march of 2010. there slow sales in april will hurt second quarter growth, but an economist for the national retail federation is staying optimistic. "at this point in the year when you try and smooth out the impact of the holiday and to a certain extent the weather effect..you know we are on a good path, not a great path, but still on a good path where we are right now, as i look out on the next few months." the nrf contends job growth in the months ahead will contribute to higher consumer spending. coca-cola wants more of keurig green mountain. the soft-drink company said this week it will increase its stake in keurig to 16% from

some of you out this red the book by michael lewis.obviously we raise the minimum wage, but we also do something even more important. we strengthen labor rights. [applause] look, if america is a body politic, the backbone of that body is organized labor. it organized labor is weakened, the whole body is weakened. we have to pass the employer free choice act. something that is not in our budget but we better start thinking about, we need to make union organizing a civil rights. i am telling you this. we need to do this because if you fire somebody who is organizing a union without regard to whether -- who wins the union election, if you fire someone who is organizing, everybody else gets scared and you kill the movement right there. you ought to be able to get a lawyer, sue, get recovery, get punitive damages, just like if they fire you because you are female or black or have a disability. .disability. that is what we need to do to stand up for our rights. going back to our budget, our budget restores democracy. we do campaign finance i

and then michael lewis sitting here said that david i and horn -- david einhorn is a young tourist inyou stand? you're not a dumb tourist. >> thank you. look, i think that what we saw was a bit of a structural problem in the market. market has gotten better and better over the years, but there is inefficiency in the market structure with fragmentation. we ran across these fellows who had an idea as to how to make a better platform for investors. we said -- here is a bit of a problem, we can help you to be part of that solution. we encouraged our friends to invest. >> david, we have to go to a quick commercial. we will be back with more in a minute. stay here. ♪ ♪ >> live, from bloomberg headquarters in new york, this is "market makers." with erik schatzker and stephanie ruhle. >> welcome back to "market makers." i am stephanie ruhle. david, we almost did something very unfair to you and stephanie and i are not about that. me withu are filling anxiety. i am stressing. >> we asked you a really important question. >> then it got worse. >> you were nice not to give me stuff like that. >>

it is incredible how we had the previous book michael lewis. people are reading.that. >> yeah. >> i guess we had michael lewis and then too big to fail. >> right. >> andrew. >> six years ago. >> up there for a couple days. geithner talking. >> yep. >> university panda. i liked the book. >> michael lewis had a great review. he liked the book. did you see that? >> yes, he did. i thought that was very good. >> now obviously gretchen didn't like the book because he takes a shot at her. i wish she disclosed that when she wrote her piece. >> what? >> in her piece. >> we have to go again. >> thanks. see you in a couple minutes. >> coming up, how byron 2014 predictions have fared. f f-a-i-r-e-d. >>f-a-r. >> he's a fair guy. almost at the halfway mark. a look back at what he said and where the markets stand and make sure you keep it locked on cnbc, coming up on "squawk on the street," comcast chairman and ceo brian roberts live from the code conference in california. that you don't want to miss. much more from the west coast in just a bit. in today's market, a lot can happ

you have michael lewis come out and write a book on high frequency trading being allegedly rigged.orces that notion, right? adam, they're very cynical. which could explain layfield. you know where he is? in bermuda es sconessed from this nonsense. what do you make of that? what is the up shot? >> not only they're cynical they're scared. they're holding half of their money in cash. that is unheard of other generations. hold about a quarter of their money cash. neil: do they hold it because they have so little of it? do they hold it because they don't see appeal? >> i think that is part of it, broadly speaking they don't see appeal of stocks. which is shame. they won't be able to build wealth. feel come .ing. if you reinvest investments, you make so much money can be used to buy real estate. neil: that is another thing they're sour on. we can't unload our homes. keep it under your futon. >> they're not becoming finance majors either. the wheel thing is coming apart at seams. neil: i warned you about it in college. you didn't listen to me. couldn't you see tracy doing that, if we did

michael lewis' book "flash boys," a look at high frequency trading. booktv hosted a program with him last month. coming in at eighth is a memoir, "can't we talk about something more pleasant?" number nine is @girlboss, and wrapping up the list at ten is "streng

maybe in the way of the michael lewis book there would be interest.ary jo white was testifying last week, a lot of members of congress asked her about the book and whether the markets are rigged or not. >> my bet is you're going to be very limited action. i think you'll see a limited toward a trade at rule. >> i think they will likely do some kind of test pilot for that within the next few months. other than that, i don't think you'd see massive moves. i think they're very afraid of making any wholesale changes. >> very quickly, kenny, and i got to go. >> until such time that maybe they realize there's something going on that shouldn't be going on. goldman is already considering it, they don't want to be associated. >> a trade at rule might be makes some changes. >> big changes. >> thank you so much, guys. appreciate it very much. >>> sue, thank you. >>> two big stories we're watching. twitter shares tumbling, and the rich just got richer. dominic chu and morgan brennan on those stories. dom, you first. >> there's rich and then there's the rich list l

do in light of the michael lewis book, and the my sense talking to people, it will be pretty modest changesknow they are concerned about dart pools, and there is an issue with 40% of the trading occurring off the exchanges. i think they will start a very limited program that will require some of the dark pools to improve pricing overall. a limited program, not a systemwide program. >> gentlemen, thank you. good to see you. bob, we'll see you later. >> thank you. >> heading off the close, dow off 108 points and that's no flash crash. the s&p 500 off 14, 47 on the nasdaq. you know, the day of the flash crash, i had gotten off a plane and remember checking e-mail and seeing, you know, these alerts, market off 600, 700, 800 points. >> i was on my sabbatical at that time. no idea what was happening. >> blissfully unaware. >> i was somewhere. wall street's bracing for a barrage of after-the-bell earnings, disney, groupon, whole foods among them and many more. which numbers analysts are expecting next and bring you those results the instant they hit the tape. can't afford to miss that coming up he

major brokerages are refusing to use the alternative non-high-frequency platform made famous in michael lewisre they breaking the rules by doing so? it is a fascinating story and eamon javers is on it up next. >>> also ahead -- >> that really struck me as quite excessive so i didn't actually read that though after winters wrote the letter but i would have felt the same way. >> billionaire warren buffett giving credit to activist investor david winters for calling buffett's attention to coke's compensation plan. you heard that confession right here on "closing bell." we'll discuss activist investors and whether or not they are so bad for shareholders, after all, now that reports are surfacing that coke is reconsidering that executive pay plan. stay with us. stay with us. whon a certified pre-ownedan unlimitedmercedes-benz?nty what does it mean to drive as far as you want... for up to three years and be covered? it means your odometer... is there to record the memories. during the mercedes-benz certified pre-owned sales event now through june 2nd, you'll get complimentary pre-paid maintenance a

at a time when so many people are talking about whether markets are broken, michael lewis's book is stillrating. trading volumes are still sluggish. that may have to do with the storm headed our way, as art cashing reminds us. >> knight capital got caught with a sort of a fat finger trade a couple years ago that they were unable to stop. is the computer went crazy on them. so i'm sure tom will have some thoughts on computerize the trading, high-fresh sill trading. >> and coming up on the show we'll have a couple heated discussions about inflation and come back with a reminder this morning of better than expected reports. this could be the next defining conversation whether or not it moves bond yields at the current moments. >> meantime s&p all-time highs, so we'll see how we do in the final hour. >> we do appreciate it. thank you very much. quick, america, can you name a group of stocks that has a fat dividend, government protects for its business largely, and automatic demand for the product? we have the answer coming up. >>> and how does it make you feel to know that a ceo notice makes

one of the things that michael lewis, the reason why his book was such a disservice it took the debateway from the real problem. the real problem is not that someone could trade faster. the real problem isn't that some people cheat. because they do and they always have. the real problem, you don't have one market anymore. you have 50 markets. when you have 50 markets you have a dysfunctional system. and that's the problem. we have -- by the way when you have 50 markets, makes it easier for some people to cheat. does that mean, our system, our markets are rigged? no. but there's a degree of dysfunction that occurs here. that is why you have "flash crashes." there is no, the price discovery is funky, okay? you could have a print in one market and it may show someplace else and you know, during a brief period of time. and then, at some points when the computers don't work, right, it call comes crashing down. that is what happened. that is what terry said. that is the most important thing here. could you end this debate tomorrow if the sec ever got the brains or the cajones, i don't know w

obviously, you know, this is a trading platform that's received a huge amount of publicity since the michael lewisme forecast. at some point they'll have to do this deal. >> eamon, thanks so much. up next, our final trades and our summer trades as well. ♪ [ male announcer ] since we began, mercedes-benz has pioneered many breakthroughs. ♪ breakthroughs in design... breakthroughs in safety... in engineering... and technology. and now our latest creation breaks one more barrier. presenting the cla. starting at $29,900. ♪ take this simple test. press your tongue against it, like this. it moves! do you feel it? it can happen with every denture. these movements may irritate your gums. but you don't have to bear with it. you can try fixodent plus gum care. thanks to its formula, your gums become one with your denture. this helps stop movement and helps prevent gum irritation so you can keep enjoying life. [ apple crunches ] fixodent. and forget it. [ apple crunches ] and i get a lot in return with ink plus from chase i make a lot of purchases for my business. like 60,000 bonus points when i spent $5,000

at the top of the list is michael lewis's book on high-frequency trading flash boys.hosted a viewer call in program with mr. lewis last month that can be viewed any time at booktv.org. in seconds the doctor's diet followed by cheri young's jesus calling for. paul stanley, co-founder and front man of the band kiss is fourth with his memoir face the music, a life exposed. the fifth book on the wall street journal bestseller list is strengthfind a 2.0 and in sixth, the women of duck commander. at number 7, mallory factor provides a history of the conservative movement in big tent. booktv covered mr. factor's talk from the heritage foundation in april. is available to watch any time at booktv.org. gabriel bernstein at self-help book miracles now followed by bill o'reilly and historian markman do god's account of the death of jesus of nazareth in killing jesus and wrapping up the list is thrive by the president and editor-in-chief of the huffington post media group arianna huffington. these are some of the current best-selling nonfiction books according to the wall street

michael lewis has been in the headlines a lot. lawmakers attributed it to helping. frank. by bradso the option pitt's film company. there is a way to do it. what has been the option so far? >> we started to see answers come out. it is always interesting how much of it is score settling and how much of it is really trying to write history and make sure people know. with the financial crisis, there has been a steady stream of insider accounts. a lot of people fared well on the insider accounts. paul has his book with the new york times bestseller. the business week documentary, five years from the brink was very well received. i think geithner has been well received as well. book to setat this history and their agendas. paulson and geithner, are certainly trying to do that. >> i wonder if anyone said they would donate what they made to the taxpayer. thank you so much. coming up, changing the debate over the way we jive. we will talk to the head of a company that makes natural gas engines. plus, are you in a rush? try this out. 0-60 in seconds. ♪ >> many businesses across the

michael lewis' book "flash boys," a look at high frequency trading. booktv hosted a program with him last month. coming in at eighth is a memoir, "can't we talk about something more pleasant?" number nine is @girlboss, and wrapping up the list at ten is "strength finder 2.0." these are some of the current best selling nonfiction books according to "the washington post." .. thank you for that warm introduction. it is a pleasure to be here with you at rand. i am going to talk today about something that has unconsciously and indirectly led to a tyranny of experts. let's call that the technocratic approach to economic development. the idea that poverty is the technical problem. so that for example there are a variety of technical solutions. one involves a chemical on walls of people's houses, on the inside walls to kill mosquitos that kill malaria. technical solution that helps fight malaria. and other technical solution might be to convert land to higher value uses like food crops with low value to forestry products that have higher value. now let me tel

good morning, michael lewis. this is jobs day. >> it is jobs day. krueger of princeton university. let's get you some company news now from the piles of bloomberg west. shares of linked in down in early trading. the professional networking service giving second quarter forecasts. a mobile phone owner is suing google over restrictions, including the android operating system. the suit filed in california claims that google forces and held device makers using android lessso provide google's popular apps. google denies the claim. google is also the subject of another lawsuit. this one over the controversial bus that shuttles employees from sentences coaches look on ballot. suing employee union is saying that buses should not be allowed to park. they are not commenting right now. that is today's company news. moment, pimco shifted a few days ago. it may be returning to some form of old normal, good economic growth. better job growth. alan krueger teaches normal and nonnormal economics at princeton and joins us to give us perspective. announcement, this i

book includes new michael lewis. >> we are living through a traumatic. -- traumatic period.here are real structural problems. -- i'mgoing to be living not an economic forecaster. we are going to be living with unusually high levels of unemployment. a lot of pain from over indebtedness. it is not a great depression. we are not reprising what happened in the 30's. it is a variance of that. >> read more of our conversation from our book notes from public affairs books now available for father's day. president obama made a surprise appearance at today's white house briefing to announce my secretary jay carney is stepping down. he'll be replaced by the deputy press secretary >> how are you. you have obviously heard from the president in this room, he took some of your questions. perhaps that means this will be a relatively short briefing. [laughter] you might go easy on the? -- michael easy yummy maybe. there'll be a call later this . he's doingt of what next week. that will serve as our week ahead. eperate have a s week ahead. let's answer some questions. >> two topics. one on t

. >> i'm still reading michael lewis. >> there's a lot of holes to pick with mr. pickety. steve, thank you. plenty of great history lessons coming out from steve. right now here we are, just an hour and 11 minutes into the trading day in europe. and you see red across the board. just worth pointing out, gray here for the u.k. with the markets closed today. they'll have their beginning of may daybreak today. the dax, we saw stocks dip down toward the end of the session on friday. down 13 points. the cac is down .20 as well. the micex is just up .10%. a number of individual stocks worth looking at, credit suisse is currently down 2.5%. press reports that u.s. authorities are going to put pressure on the suisse bank to plead guilty in the ongoing tax dispute according to the newspaper. washington is asking for a guilty plea to claims that the bank helped tax money. bmps is down 6% today. finally shares in the bank are up a percent offering rights to a 500 million capital euro increase. we'll show you where we stand, we have a fascinating move on the treasuries. ten-year treas

." >>> the recent book by michael lewis, "flash boys" has stirred up controversy between exchanges anduency traders. the protagonist in the book went on to start his own exchange called the iex platform. as eamon javers reports, he's seeing a backlash. >> cnbc obtained copies, request s trades to be directed one way. the clients worried about high frequency trading getting ahead of their deals asked their brokers to route those. here's what fidelity said, we are unable to honor your request. we asked the regulatory agency that overseas all of this what they think about it. we were told that the rules require brokers who get written requests to route those trades to the exchange or venue of the customer's choice. we talked to both scott trade and fidelity about this. both of them said they are following the finra regulations that apply to them. both of them said they're not doing anything wrong. a lot of attention surrounding this iex trading platform. there's a small minorities of customer who want their orders routed there, whether or not they're getting the best price and execution.

some of you out this red the book by michael lewis.obviously we raise the minimum wage, but we also do something even more important. we strengthen labor rights. [applause] look, if america is a body politic, the backbone of that body is organized labor. ed,organized labor is weaken the whole body is weakened. we have to pass the employer free choice act. something that is not in our budget but we better start thinking about, we need to make union organizing a civil rights. i am telling you this. ifneed to do this because you fire somebody who is organizing a union without regard to whether -- who wins the union election, if you fire someone who is organizing, everybody else gets scared and you kill the movement right there. you ought to be able to get a lawyer, sue, get recovery, get punitive damages, just like if they fire you because you are female or black or have a disability. that is what we need to do to stand up for our rights. going back to our budget, our budget restores democracy. we do campaign finance in order to establish

elizabeth warren's book come out we've seen this book capital come out we've seen michael lewis come out with his new book flash boys which is so sort of tangentially related to the same issue i think this is this issue is on the minds of a lot of a lot of people and while there may not be very many financial reporters who are interested in covering it i think it's beginning to become a subject that is of general interest to a lot of people and it's good it's high time it's a problem that by its nature is hidden because most of the victims are behind bars but. we good if we started to see more attention paid to it meant why not more public anger again i think it's a problem of visibility i think is the most people simply aren't aware of the disparity in the treatment of these two different types of. two different sectors of society because very few people are exposed to both sectors at the same time there is though there's a small group of i would say well placed corporate lawyers who know exactly how things work when it comes to financial services cases and they and they're all upse

but he shared the spotlight with ray lewis, michael phelps and mike tyson, tom brady.. and what happens when they all get together? you got to do the obligatory selfie. that's pretty good, huh? >>> baseball diamond, colorado turns historic play. the first base runner here initially, what do you think? ruled safe. but then he is called out after a san diego base runner obstructs the second baseman's throw. >>> look back in history, 1905 is the last time an interference call led to a triple play. but, you know what, that's not all. >> this ball to center field, jumping up, and it leaves the ballpark. >> game over. justin morneau's walkoff two-run homer wins it, 8-6. >>> check out this young fan who appears to score some major coolness points with this. gives the ball to the girl in the stands. maybe got a crush. she thinks he gave her the foul ball. but instead she gets a dud. he keeps the real supernear. hide your daughters from this one, dad. little suave, little play action there from him. >>> watch this. scary moment on the georgia racetrack with drag racer anton bro

you will just read the book at michael lewis and it needs to be dug into.obviously if we raise the minimum wage but we also do something more important which is we strengthen labor rights. [applause] if america is a body politic the back bone of that body is organized labor and if organized labor is weakened the whole body is weakened. we have got to pass the employer free choice act. i'm going to tell you something that's not in our budget but we better start thinking about. we need to make union organizing a civil right. [applause] i'm telling you we need to do this because if you fire somebody who is organized in a union without regard to whether whether -- who wins the union election but if you fire somebody who is organizing, everybody else gets scared and you kill the movement right there. you ought to be able to get a lawyer, sue for discovery get punitive damages just like if they fired an individual female or because you are black or you had a disability. that is what we need to do to really stand up for our rights. our budget restores democracy. w

at the top of the list is michael lewis's book on high-frequency trading, flash boys.host of your call in program with mr. lewis last month. that can be viewed any time at booktv.org. the doctor's diet followed by sarah young's jesus calling. paul stanley, a co-founder and front man of the band kiss comes in fourth with his memoir face the music:a life exposed. the fifth book on the wall street journal bestseller list is strengthfinder 2.0 and the women of duck commander, number 7, mallory factor provides a history of the conservative movement in big tent. booktv covered mr. factor's talk in april, impossible to watch any time at booktv.org. next is gabriel bernstein at self-help book miracles now followed in ninth by political commentator bill o'reilly and historian martin do god's account of the death of jesus of nazareth in killing genius -- killing jesus. wrapping up, thrive, editor-in-chief of the wall huffington post media group area huffington. the data the best non selling fiction books according to the wall street journal. >> host: back in tia chucha's booksto

he shared with ray lewis and swimmer michael phelps. mike tyson and tom brady. look what they did? when all these slebs get together. >> is that francis back there on the right? >> with the hat? >> yeah. is that you? >> when i called in sick from work? >> don't tell. >> on the baseball diamond colorado turns the historic play, he was initially ruled safe but he's called out after a san diego runner, you see it? 1905 if you want to see it. that's not all. >> this ball is to center field. this is going to be caught. at the track. jumping up and it leaves the ballpark. >> so that's the end of that. game over. walk-off two-run homer in the tenth inning wins it, 8-6. >> this texas rangers fan appears to score some coolness points. she thinks he gave her the foul ball. she gets a dud. he keeps the real souvenere. >> suave. >> he was ready for that. >> that's a plan in the making right there. >> all right. watch this. a scary moment on a georgia racetrack. drag racer andra brown slams into a wall erupting into a fireball. here's brown. walks away from the fiery wreck unscathed. >>> he thi

we're hearing a lot about high frequency trading after michael lewis's book flash boys came out compare your time as a wall street trader to the kind of mean that's going on now with the sort of technology where you write that the technology makes it possible to commit fraud. faster and more rapidly high frequency trading it's very similar to if you want your neighbor and you stuck a tube hose into the gas tank of their car and you siphon gas out of their car that's kind of what i for coffee trading is all about firms like goldman sachs they put a server right next to the floor of the new york stock exchange and as trades come in and they scalp those trades as they're being bought or sold for pennies here pennies there they're just siphoning cash out they're just stealing money lloyd blankfein of goldman sachs will tell you he's making a market he's adding liquidity that would be like me saying after iced siphon gas out of your car that no i'm making a market in gas this is just a ludicrous statement. that was max kaiser host of the kaiser report. coming up i'll talk about a new disease