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Jun 15, 2014
06/14
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CSPAN2
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and "flash boys" by michael lewis is fifth. ... make sure you silencers cell phones, anything else that does is spirit order food and drinks throughout and make sure you show your great appreciation to the wait staff who work very hard here. know that he scheduled this evening are going to have a talk by dave zirin, q&a and then a book signing here. we do have another event afterwards, said the book signing will need to go fairly quickly. that means it on point between now and the book signing coming you should go and buy not just one book, not two, not very, but enough for you from your friends and family. at some point between now and the book signing. because teaching for changes in educational organization, i have a short quiz before you get started. let's see how we do on our quiz. do you want the next generation to learn the dances of this country were made by eight, worse than president or beat, but the role of everyday people, teachers, as late, everybody. question number two. question number two, do you want children? who
and "flash boys" by michael lewis is fifth. ... make sure you silencers cell phones, anything else that does is spirit order food and drinks throughout and make sure you show your great appreciation to the wait staff who work very hard here. know that he scheduled this evening are going to have a talk by dave zirin, q&a and then a book signing here. we do have another event afterwards, said the book signing will need to go fairly quickly. that means it on point between now and the...
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Jun 25, 2014
06/14
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FBC
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the michael lewis thing is about whether these markets are rigged.hat i like about snyder's of the man to make his final point, if he is going after the dark pools as the problem i don't think it is the problem. of the fact we have 40 different markets which is of problem, the editorial page has written a lot about. melissa: thanks to all of you. would you ever turn down free money? in new york one chinese millionaire had a hard time handing out free money. you have to hear about this. is a problem emily post never saw coming, smart phones making man is a thing of the past and forcing us to take a trip to technology charm school. we will be right back. i ys say be thman with the plan but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or wh
the michael lewis thing is about whether these markets are rigged.hat i like about snyder's of the man to make his final point, if he is going after the dark pools as the problem i don't think it is the problem. of the fact we have 40 different markets which is of problem, the editorial page has written a lot about. melissa: thanks to all of you. would you ever turn down free money? in new york one chinese millionaire had a hard time handing out free money. you have to hear about this. is a...
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Jun 16, 2014
06/14
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BLOOMBERG
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i want to read the part where michael lewis talks about this trend you were mentioning.ote that all bankers have been killing themselves. young bankers burned out by their 90 hour per week job have been working in droves for start ups. hedge fund managers are saying the stock market feels so dangerous that they are selling their holdings and going into cash. it is hard to start a tech startup. >> that is one thing that was coming back in the venture capitalist. this is a living hell when you are starting your own tech company. >> one part i was laughing out loud, it is the story recommendation michael lewis had for any wealthy 1% to cope with distress. identify people in worse shape created find the humor in things. what have you heard from wall street titans about how they are coping? >> as i talk to the private equity guys, they are only having to cope to a certain extent. this corner of wall street that is still relatively secretive seems to be the bass -- the last bastion of the masters of the universe. we heard the big five equity giant, the fifth billionaire has be
i want to read the part where michael lewis talks about this trend you were mentioning.ote that all bankers have been killing themselves. young bankers burned out by their 90 hour per week job have been working in droves for start ups. hedge fund managers are saying the stock market feels so dangerous that they are selling their holdings and going into cash. it is hard to start a tech startup. >> that is one thing that was coming back in the venture capitalist. this is a living hell when...
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Jun 5, 2014
06/14
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CNBC
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she famously said after the michael lewis book came out that the markets are not rigged, after michael lewis said that they were rigged. so this is nonetheless a series of a fairly substantial proposals for what she'd like to do to fix market structure going forward. guys. >> yeah, but you know, eamon, i bet it was the book and the controversy around it that sparked her interest in this. it will be interesting to see how this plays out. thanks so much. >> you bet. >>> stocks rallying as the ecb brings out the bazooka to boost growth. nasdaq's up 43, better than a full percent, and the s&p is up 0.6%. was it a good move? the market seems to like it. what should our fed do in response? >>> and the big jobs question. our own larry kudlow waiting in the wings to give his unique take. he's going to join me in post 9 in two minutes. like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> with know el
she famously said after the michael lewis book came out that the markets are not rigged, after michael lewis said that they were rigged. so this is nonetheless a series of a fairly substantial proposals for what she'd like to do to fix market structure going forward. guys. >> yeah, but you know, eamon, i bet it was the book and the controversy around it that sparked her interest in this. it will be interesting to see how this plays out. thanks so much. >> you bet. >>>...
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Jun 2, 2014
06/14
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CSPAN2
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. >> c-span's new book, "sundays at eight," includes financial journalist michael lewis. >> we are livingthrough a really dramatic period, and it is not over. we're sort of at the beginning rather than the end. and there are real structural problems. yes, that we're going to be living -- i mean, i'm not an economic forecaster, but everything i read suggests we're going to be living with unusually-high levels of unemployment, a lot of pain from are overindebtedness. i mean, the a quarter of the country's on food stamps, i saw it on tv. it's not a great depression. we're not reprising exactly what happened in the '30s, but it's a version of that. >> read her of our conversation with michael lewis and other featured interviews from our
. >> c-span's new book, "sundays at eight," includes financial journalist michael lewis. >> we are livingthrough a really dramatic period, and it is not over. we're sort of at the beginning rather than the end. and there are real structural problems. yes, that we're going to be living -- i mean, i'm not an economic forecaster, but everything i read suggests we're going to be living with unusually-high levels of unemployment, a lot of pain from are overindebtedness. i mean,...
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Jun 29, 2014
06/14
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CSPAN2
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. >> michael lewis talks about the rest of high-frequency traders in the start market and discusses how they manipulate the workings of the market with help of big banks to shortchange regular investors. this hour-long program is next on booktv. >> thank you for coming. i wanted to start by explaining why it is i have the pleasure of interviewing michael this evening. ..
. >> michael lewis talks about the rest of high-frequency traders in the start market and discusses how they manipulate the workings of the market with help of big banks to shortchange regular investors. this hour-long program is next on booktv. >> thank you for coming. i wanted to start by explaining why it is i have the pleasure of interviewing michael this evening. ..
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Jun 18, 2014
06/14
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ALJAZAM
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the phrase caught fire after flash boards, a book about michael lewis about high frequency trading. these guys use super fast computers and sophisticated formulas called algorithms to trade hundreds of thousands of shares per second. they are worried that high-speed trading firms are putting regular investors at disadvantage. how to deal with potential conflicts of interest between brokers and exchanges. a rigged game that favors high-speed traders over regular investors. the head of the panel said, "there's significant evidence that these can damage retirement savings. whether that's true or not is up for debate. but i want you to understand the debate, how they formed the stock market. back in the 1920s, this is the latest information about a stock. now, the information is almost instantaneously, traveling at the speed of light, and only the fastest can keep one the pace. trading in the new york stock exchange. the acnism, the vast majority of stocks are traded here. to make you understand how the stock market really works, you need to go across the hudson river to new jersey. now
the phrase caught fire after flash boards, a book about michael lewis about high frequency trading. these guys use super fast computers and sophisticated formulas called algorithms to trade hundreds of thousands of shares per second. they are worried that high-speed trading firms are putting regular investors at disadvantage. how to deal with potential conflicts of interest between brokers and exchanges. a rigged game that favors high-speed traders over regular investors. the head of the panel...
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Jun 26, 2014
06/14
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BLOOMBERG
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thesethese things, counterparties, all have egg on their face that nobody was saying anything until michael lewisrote a book? >> i don't think that is true, actually. joe, and large cargo some speaking on deaf ears. people were not listening to joe. suddenly, michael comes out with this book and now everyone -- >> michael lewis's book was like two years late to the party come if not three years. i heard so much -- granted, i worked on the floor of the new york stock exchange and i wasn't up here that often, but i heard endless resistance of high-frequency trading and dark pools every single day. >> may be needed michael lewis's megaphone for everyone -- >> it definitely got main street and how they might be being hurt by some of these practices. the general public is now behind -- >> and eric schneiderman. if there's anything that has been consistent from day one is that main street is always last in line and will always get the short end of the stick. of the rolet and rulemaking in washington, which is i think of the real story, why hasn't washington been on top of this and enacted rules? the id
thesethese things, counterparties, all have egg on their face that nobody was saying anything until michael lewisrote a book? >> i don't think that is true, actually. joe, and large cargo some speaking on deaf ears. people were not listening to joe. suddenly, michael comes out with this book and now everyone -- >> michael lewis's book was like two years late to the party come if not three years. i heard so much -- granted, i worked on the floor of the new york stock exchange and i...
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Jun 17, 2014
06/14
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BLOOMBERG
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michael lewis wrote a best-selling book about trading and said u.s. markets were rigged and now everyone cares. and congress is paying attention. a senate panel is holding a hearing this morning into high-frequency trading, asking whether the business is riddled with conflict of interest and if it is responsible for the loss of investor confidence. megan hughes is covering the hearing on capitol hill. it is a who's who in the industry at this point, right? >> that is right. i will tell you the star witness is in his first panel, brad cap zeyuma.a -- brad kat blew the uncovered and whistle on a lot of these high-frequency trading frat -- practices. his testimony, there seems to be agreement that on some level the market is rigged. >> new technology should not erase enduring values. financial markets cannot survive on technology alone. they require a much older concept, trust. and trust is eroding. the next panel, we will have quite a juxtaposition. that is what we will hear from some of the executives that you mentioned. we will hear from executives fr
michael lewis wrote a best-selling book about trading and said u.s. markets were rigged and now everyone cares. and congress is paying attention. a senate panel is holding a hearing this morning into high-frequency trading, asking whether the business is riddled with conflict of interest and if it is responsible for the loss of investor confidence. megan hughes is covering the hearing on capitol hill. it is a who's who in the industry at this point, right? >> that is right. i will tell...
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Jun 3, 2014
06/14
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CSPAN
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sundays at new book, eight, includes financial services michael lewis. >> we are at the beginning ratherhan the end of a. period. there will be real structural problems. i'm not an economic forecaster, but everything i read would suggest that we're going to be living with unusually high levels of unemployment, a lot of pain from over indebtedness. a court of the countries and food stamps. i saw on tv. it is not a great depression, we are not reprising exactly what happened in the 30's, but it is a version of that. >> read more of our conversation with michael lewis another featured interviews from our book notes and q&a programs. from public affairs books, now available for a gift is your favorite bookseller. >> now, jenny mccarthy announces the administration's proposal to reduce carbon output from existing power plants. co2new rules will cut emissions by 30%. this is one half hour. >> it is great to be here. thanks everybody. bob, thank you for accompanying me in and all the leadership you bring to this agency. i wanted to begin by telling you a little bit of a story about a month ago,
sundays at new book, eight, includes financial services michael lewis. >> we are at the beginning ratherhan the end of a. period. there will be real structural problems. i'm not an economic forecaster, but everything i read would suggest that we're going to be living with unusually high levels of unemployment, a lot of pain from over indebtedness. a court of the countries and food stamps. i saw on tv. it is not a great depression, we are not reprising exactly what happened in the 30's,...
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. >> your viewpoint differs a little bit from michael lewis's.nerous amount promises the says. >> i think he would agree in terms of saying -- he is an investor in the market. he owns stocks. he allocate his portfolio. so i think he would agree with me. the fact exists. it creates a systematic and fairness. and part of the big risk, by picture, big picture is that you are introducing complexity into the market by encouraging them to go faster, but to whose benefit. are we destabilizing the market to satisfy someone who is just a renter? >> there are investigations going on. eric schneiderman. i have done some research on this committee the most aggressive, the new york attorney general. i'm assuming he has spent some time with mr. snyder. >> i can't comment. >> you know what they're talking about? today understand the complexities of what they're doing in terms of going after high-frequency trading? >> i listened to the things that were said. jack johnson who works for attorney general has spoken. and when they speak a sound bite people ingrained
. >> your viewpoint differs a little bit from michael lewis's.nerous amount promises the says. >> i think he would agree in terms of saying -- he is an investor in the market. he owns stocks. he allocate his portfolio. so i think he would agree with me. the fact exists. it creates a systematic and fairness. and part of the big risk, by picture, big picture is that you are introducing complexity into the market by encouraging them to go faster, but to whose benefit. are we...
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Jun 6, 2014
06/14
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KQED
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you are going to see the market sort of getting behind him on this also michael lewis's book has hadot of influence on its way the public looks at this. there is a public perception with how people will be responding to this opinions quickly again to help the audience understand this. the high frequency trading, you are saying, is often accompanied by less transparency in what is going on? >> that is absolutesly the case. and that is where a lot of this criticism draws. the whole market of high frequency trading has grown-up very quickly in the last few years. and a lot of people don't understand it. we don't see a lot of the ways that the data and the trades are processed just by the way the system is set up. so that is definitely a major issue for this. and it's something that people want to see more of. >> so finally what happens next. who gets a chance to look at these recommendations and when do we know whether this actually is going to take effect? well, this is going to be a process that the sec will go through. and they will be keeping the public up to date on where they are
you are going to see the market sort of getting behind him on this also michael lewis's book has hadot of influence on its way the public looks at this. there is a public perception with how people will be responding to this opinions quickly again to help the audience understand this. the high frequency trading, you are saying, is often accompanied by less transparency in what is going on? >> that is absolutesly the case. and that is where a lot of this criticism draws. the whole market...
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Jun 15, 2014
06/14
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KOFY
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you can see michael lewis of moneyball fame on the left on the video posted by the asian american donor program. he coached baylor frederickson in baseball. the 7-year-old needs a transplant. he likely needs a donor half caucasian and halatif asian like is. >>> san francisco's civic center plaza packed with die hard soccer fans who flocked to a big screen. the world cup is being shown for free on a massive tv and it will be up tomorrow and monday, monday could bring the biggest crowd, that's when the united states takes the pitch against ghana. of course, shu will be along shortly, he'll have highlights in sports of today's games. >>> if you can't make it to the big screen you can see two of tomorrow's big games right here on abc 7. switzerland will take on ecuador at 8:30 a.m. and france and honduras will square off at 11:30. don't miss a moment of the world cup with watch abc which lets you view matches on your smar smartphone, tablet or computer. >>> still ahead -- >> this is a fight that america must lead. >> the president pushes for new climate change policies and implements his ow
you can see michael lewis of moneyball fame on the left on the video posted by the asian american donor program. he coached baylor frederickson in baseball. the 7-year-old needs a transplant. he likely needs a donor half caucasian and halatif asian like is. >>> san francisco's civic center plaza packed with die hard soccer fans who flocked to a big screen. the world cup is being shown for free on a massive tv and it will be up tomorrow and monday, monday could bring the biggest crowd,...
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Jun 15, 2014
06/14
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KRON
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it's the author of the book "money ball" michael lewis. he made this video to try to get baylor back on the baseball team. baylor needs a bone marrow donor, but because he's of mixed ethnicity, it's nearly impossible for him to find a match. you can go to our website kron4.com for more information. >>> be careful using dating sites. the most recent case happened thursday night at the crocker amazon neighborhood. a 30-year-old man arranged to meet a date at the mission inn off mission street. two men showed up instead. they attacked the man and stole his wallet and cellphone. they have a plan to find out who those are responsible, say police. >> we meet up on a profile, even if there's a fake one, there's a e-mail or number associated with them. then we work backwards to identify them. >> the two men are hispanic and in their 20s. earlier this month, another man was robbed at gunpoint while waiting for a date. those men were caught and currently in custody. >>> president obama will be in close touch with his national security team this week
it's the author of the book "money ball" michael lewis. he made this video to try to get baylor back on the baseball team. baylor needs a bone marrow donor, but because he's of mixed ethnicity, it's nearly impossible for him to find a match. you can go to our website kron4.com for more information. >>> be careful using dating sites. the most recent case happened thursday night at the crocker amazon neighborhood. a 30-year-old man arranged to meet a date at the mission inn off...
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Jun 19, 2014
06/14
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CSPAN3
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when michael lewis's book flash boys came out, the public knew very little about high frequency trading. important questions were raised. is the stock market rigged by high speed traders with faster access to market investigation. advanced technology and sophisticated algorithms. is it adding cost to other traders without contributing any real value to the market. will stock markets face another flash crash like in 2010 when the dow jones tom pourarily lost $1 trillion in the matter of minutes. these concerns have fueled suspiciouses that wall street may have become the ultimate insiders game while the average investor can no longer participate. i wonder if the stock exchanges are still a place where their interests matter. hopefully this hearing will shed light on the trading practices used on wall street and help restore confident on the financial system. t while the problems facing the market are complex, we can address them with a few common sense solutions. for example, one of the most predator high frequency trading practices depends on the unintended consequences of the secs regu
when michael lewis's book flash boys came out, the public knew very little about high frequency trading. important questions were raised. is the stock market rigged by high speed traders with faster access to market investigation. advanced technology and sophisticated algorithms. is it adding cost to other traders without contributing any real value to the market. will stock markets face another flash crash like in 2010 when the dow jones tom pourarily lost $1 trillion in the matter of minutes....
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Jun 17, 2014
06/14
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FBC
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liz: high-speed trading has been a hot topic since the release of michael lewis' book "flash boys."ached capitol hill today with lawmakers asking whether some traders have an unfair advantage. what was the answer? we'll bring you the latest. david: also. while the u.s. has lost 1.6 million manufacturing jobs since the beginning of the recession, most of the work hasn't completely gone away, so who stands to benefit? robots, for one thing. next we've got four robot stock plays. get out your pencils and paper, money's to be made here. ♪ ♪ my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. g
liz: high-speed trading has been a hot topic since the release of michael lewis' book "flash boys."ached capitol hill today with lawmakers asking whether some traders have an unfair advantage. what was the answer? we'll bring you the latest. david: also. while the u.s. has lost 1.6 million manufacturing jobs since the beginning of the recession, most of the work hasn't completely gone away, so who stands to benefit? robots, for one thing. next we've got four robot stock plays. get out...
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Jun 17, 2014
06/14
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CNBC
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the whole point is to get a response from michael lewis.ill tell you what's interesting about the hearing today. a lot of people saying that carl levin is the chair but the fireworks may come from the ranking minority member. of course that's john mccain. keep an eye out. those hearings start shortly. the ceo on power lunch at 1:00, we'll talk about his testimony. he's starting off the hearings. down industrial is down 35 points. back to you. >> let's go to the bond pits now. rick santelli. >> hi, david. there is a lot of issues in the marketplace. obviously we can tell which one is having an effect on rates. doesn't seem to be geo little bitle call. put up an intraday. bob hit it when the cpi data came out. that's when the market moved. equities weren't open. i remember the dow futures were up 21. now basically they are down 30 to 35 after they were open. a 50 point swing in equities. mark inflation, call it higher prices. ignore commodities. the treasury market will do anything to push rates higher. this is important to pay attention to.
the whole point is to get a response from michael lewis.ill tell you what's interesting about the hearing today. a lot of people saying that carl levin is the chair but the fireworks may come from the ranking minority member. of course that's john mccain. keep an eye out. those hearings start shortly. the ceo on power lunch at 1:00, we'll talk about his testimony. he's starting off the hearings. down industrial is down 35 points. back to you. >> let's go to the bond pits now. rick...
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Jun 17, 2014
06/14
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BLOOMBERG
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of the most one high-profile proponents of more katsayuma.y, brad the lead character in michael lewis" he uncovered rbs, a lot of hft practices. he will be with an academic researcher whose research backed up these claims. then we will hear a different panel representing the exchanges and the brokers. executives from the new york tdma or trade, and vanguard. the executive from vanguard has this is overstated. sharp conflicts of opinion here as far as how wide ranging this goes and how much this impacts the markets. >> should any of us be disturbed that lawmakers are using a bestseller as a reason to hold a hearing? >> it is a conversation that needs to happen. it is really just adding more voices to it and trying to open up and get the american public to question what is going on. >> it exposes it to the sunlight. on a final note, could there be regulatory changes that come out of this? >> as far as the book, i talked to chairman levin. he said the chairman has read the book and that is part of the reason for the hearing. this was on his radar well before. crash got a lot of people mo
of the most one high-profile proponents of more katsayuma.y, brad the lead character in michael lewis" he uncovered rbs, a lot of hft practices. he will be with an academic researcher whose research backed up these claims. then we will hear a different panel representing the exchanges and the brokers. executives from the new york tdma or trade, and vanguard. the executive from vanguard has this is overstated. sharp conflicts of opinion here as far as how wide ranging this goes and how much...
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118
Jun 29, 2014
06/14
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CSPAN2
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eye 118
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>> michael lewis talks about the rest of high-frequency traders in the start market and discusses how they manipulate the workings of the market with help of big banks to shortchange regular investors. this hour-long program is next on booktv. >> thank you for coming. i wanted to start by explaining why it is i have the pleasure of interviewing michael this evening. .. [laughter] >> i, i have a theory, i have a grand, unified michael lewis theory, and i thought that we would start there. >> i haven't heard it, i'd love to hear it. >> and i'm going to, this is going to be -- i would like to see whether you, whether you get the theory, so i'm going to give you an opportunity to answer. you'll see. the theory -- [laughter] the preamble to the theory is that you are principally a moralist. in fact, i believe you are america's leading nonfiction moralist. >> what do you mean by that? >> well, you re someone whoçç. and as proof, i would like to point out that in five of your best-sellingj >> a financial ark. >> perfect. [laughter] >> okay, so, but "flash boys" is, it's the most perfect bi
>> michael lewis talks about the rest of high-frequency traders in the start market and discusses how they manipulate the workings of the market with help of big banks to shortchange regular investors. this hour-long program is next on booktv. >> thank you for coming. i wanted to start by explaining why it is i have the pleasure of interviewing michael this evening. .. [laughter] >> i, i have a theory, i have a grand, unified michael lewis theory, and i thought that we would...
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Jun 5, 2014
06/14
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CSPAN
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eye 106
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c-span's new book sundays at eight includes michael lewis. >> we are living through a traumatic area.eal structural problems. we are going to be living -- i'm not an economic forecaster. but everything suggests we will unusuallywith it -- high levels of unemployment. pain from over indebtedness. a quarter of the country is on food stamps. it is not a great depression. we are not surprising exactly what happened in the 1930's. >> read more of the conversation with michael lewis and other on c-span's sundays at eight. now available as a father's day gift at your favorite seller. >> today, president obama along with other world leaders visited warsaw to commemorate the 25th anniversary of the first free elections in poland. he discusses the efforts of for democracy activist during the cold war and u.s.-polish relations. this is just under one hour. [speaking polish] >> related as and gentlemen -- ladies and gentlemen, the head of the official delegation. commemorating 25 years of freedom. ♪ ♪ ♪ ♪ ♪ ♪ [speaking polish] >> the ceremony will begin with participating states. ♪ ♪ the national
c-span's new book sundays at eight includes michael lewis. >> we are living through a traumatic area.eal structural problems. we are going to be living -- i'm not an economic forecaster. but everything suggests we will unusuallywith it -- high levels of unemployment. pain from over indebtedness. a quarter of the country is on food stamps. it is not a great depression. we are not surprising exactly what happened in the 1930's. >> read more of the conversation with michael lewis and...
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small little southern towns going on you know up against the big boys on wall street it's actually michael lewis not the famous author but the famous lawyer who took on big tobacco and won so he's he's suing these banks for their fraud and spits in particular in relation to high frequency trading and air con center of man x. is joining the lawsuit essentially because in the south of course was the inheritor or of a fantastic windfall amount of money called the oil boom particularly up until recently they were the beneficiaries of this but now the fifth peak oil recently and even now a shift of power from stuff like oil to paper in america and paper of course means new york so the yankees up in new your. worker once again flooding you know the carpetbaggers come down into the south and they're still there essentially stealing everyone's wealth using derivatives and all these financial products that are meant to defraud and well it was enron and that actually invented that technique of using derivatives to use oil to defraud people but wall street is now better at it they have high frequency tradi
small little southern towns going on you know up against the big boys on wall street it's actually michael lewis not the famous author but the famous lawyer who took on big tobacco and won so he's he's suing these banks for their fraud and spits in particular in relation to high frequency trading and air con center of man x. is joining the lawsuit essentially because in the south of course was the inheritor or of a fantastic windfall amount of money called the oil boom particularly up until...
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Jun 16, 2014
06/14
by
BLOOMBERG
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eye 108
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michael lewis, you know him from the upper are on -- the uproar on high-frequency trading.brazillionaires. if you are a brazillionaire, call in and make some news. . nice take by michael lewis >> would've the fascinating has been the constant threat to go gulf that they never make good on. we are going to pull back our support for the catholic church. in john galt?as take our n gog to home. they never do. they need this to make money. i cannot handle -- >> one of these days, it is going to happen. the best advice from michael tois was to go find a child abuse and that might make you feel better. >> a facetious morning must read. check it out on bloomberg.com. coming up on "surveillance," inc rate decision coming out today's. we speak with pimco's richard clarida. pimco's newin with neutral. this is bloomberg "surveillance," we will be right back. ♪ clark's -- >> the sport in washington, it is not about the washington nationals. it is about the republican party. the politics of the capital. with madame christine lagarde, managing director at the international monetary fund.
michael lewis, you know him from the upper are on -- the uproar on high-frequency trading.brazillionaires. if you are a brazillionaire, call in and make some news. . nice take by michael lewis >> would've the fascinating has been the constant threat to go gulf that they never make good on. we are going to pull back our support for the catholic church. in john galt?as take our n gog to home. they never do. they need this to make money. i cannot handle -- >> one of these days, it is...
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michael lewis. there are real, structural problems. i am not an economic forecaster.ything i read suggest we will be living with a high level 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 version of that. conversationof our . now available for a father's day gift at your favorite bookstore. for over 35 years, c-span brings public affair of events directly to you, putting you in the room at congressional hearings, white house event, briefing and conferences. we offer complete gavel-to-gavel coverage of the u.s. house as a public service of private industry. by thec-span, created private tv industry 35 years ago and brought to you as a public service by your local cable or satellite provider. "washington journal" continues. host: we are back with ray lahood. building cochair of america's future. a recent headline, quoting you, saying america is one big pothole. why did you say that? guest: we had one of the most brutal winters anyone has experienced just about anyone in americ
michael lewis. there are real, structural problems. i am not an economic forecaster.ything i read suggest we will be living with a high level 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 version of that. conversationof our . now available for a father's day gift at your favorite bookstore. for over 35 years, c-span brings public affair of events directly to you, putting you in the room at...
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those are some of the latest headlines on c-span radio. >> sundays at eight include michael lewis. >>e now at the beginning. there are real structural problems. i'm not an economic forecaster. everything i read suggests we're going to be living with unusually high levels of unemployment, a lot of pain from .ver debt it is not a great depression. not reprising what happened in the 30's. mead -- read more of our conversation from q&a programs. from public affairs books, now available for a father's day gift at your favorite bookseller. journal closed quote continues. host: we will continue this tuesday morning. a live look at the u.s. capitol. the senate is in session. includingf hearings, one at 10:00 eastern time. looking at the supreme court case. ato hearing getting underway 25 to 30 minutes on the impact of climate change. live coverage on the c-span's networks. this line from the hattiesburg newspaper. it is primary day in mississippi and seven other states. turn our attention to the mississippi primary with someone following the story for the associated press. thank you for being
those are some of the latest headlines on c-span radio. >> sundays at eight include michael lewis. >>e now at the beginning. there are real structural problems. i'm not an economic forecaster. everything i read suggests we're going to be living with unusually high levels of unemployment, a lot of pain from .ver debt it is not a great depression. not reprising what happened in the 30's. mead -- read more of our conversation from q&a programs. from public affairs books, now...
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michael lewis makes the case that computer time was so limited, software writers had to be good becausehere was very little time on computers. why do you think we see so much out of the eastern bloc? >> i think you hit on it. the talent is amazing. if you look at what is coming out of the russian market, these space -- specificity, they are very stealthy. this is different from the chinese market. it is noisy, easily discovered, with a letter finger prints on what they are. russians are very stealthy, typically. you see a 30-year-old hacker, very bright and talented. i think you hit on someone that is important. it is hard to arrest these individuals because they are sometimes protected in these markets around the world. the indictments to the chinese military will probably not have an outcome or official arrest >> . -- >> we don't want to send guys over there will to arrest him showing badges. for your company, do you have to have different types of protection for your clients when you are looking at the risks of chinese hackers as opposed to eastern european? >> you really do. the rus
michael lewis makes the case that computer time was so limited, software writers had to be good becausehere was very little time on computers. why do you think we see so much out of the eastern bloc? >> i think you hit on it. the talent is amazing. if you look at what is coming out of the russian market, these space -- specificity, they are very stealthy. this is different from the chinese market. it is noisy, easily discovered, with a letter finger prints on what they are. russians are...
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. >> c-span's new book, "sundays at eight," includes financial journalist michael lieu -- lewis. >> we are living through a really traumatic period, and it is not over. and there are real, structural problems. i mean, yes, we're going to -- that we're going to be living. i'm not an economic forecaster, but everything i read suggests we're going to be living with unusually high levels of unemployment, a lot of pain if from overindebtedness. i mean, look at it, a quarter of the country's on food stamps i saw on tv. it's not a great depression, we're not reprising exactly what happened in the '30s, but it's a version of that. >> read more of our conversation with michael lewis and other featured interviews from our "book notes" and "q&a" programs in c-span's "sundays at eight" from public affairs books. now available at your favorite bookseller. >>> the senate republican leader today criticized the obama administration's proposal announced yesterday to cut carbon emissions by 30% by the year 2030. mitch mcconnell of kentucky said the new proposed regulations would hurt the economy and put
. >> c-span's new book, "sundays at eight," includes financial journalist michael lieu -- lewis. >> we are living through a really traumatic period, and it is not over. and there are real, structural problems. i mean, yes, we're going to -- that we're going to be living. i'm not an economic forecaster, but everything i read suggests we're going to be living with unusually high levels of unemployment, a lot of pain if from overindebtedness. i mean, look at it, a quarter of...
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>> i tell you what, a lot of people read that michael lewis lashboys," the idea that the market was riggedas repeated over and over again, and we heard from the lead character in that book, a whistleblower who was siding for more transparency. take a listen to what he had to say. >> you have to make people aware that the conflict does exist, and you have to educate them on and it means for them, before, they did not even know that the conflict existed in the first place. transparency will let people make better decisions, but right now, it is opec. >> the markets cannot survive on technology alone. older idea, a much trust, and trust is eroding. >> market, we also heard from executives from the exchanges and brokerage firms, and joining us is a representative from td ameritrade. hasn't mentor for investor confidence? >> well, actually, i read the book, and i thought it was quite entertaining, and i have met with rad a couple of times, and most of what he writes about, it does not really pertain for the retail mom and pop client, which is who we would service, so while it is an entertaining
>> i tell you what, a lot of people read that michael lewis lashboys," the idea that the market was riggedas repeated over and over again, and we heard from the lead character in that book, a whistleblower who was siding for more transparency. take a listen to what he had to say. >> you have to make people aware that the conflict does exist, and you have to educate them on and it means for them, before, they did not even know that the conflict existed in the first place....
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michael lewis is fifth with flash boy looking at high frequencies trading. we hosed a viewer call in program with him that can be viewed anytime. and flash boys and then stress test and you can watch him discuss his book on our website. a fighting chance by elizabeth warren is number eight. booktv covered warren in conversation at the old south meeting house in boston. look for it air this weekend. at ninth, recounting the stories with nsa and edward snowden with no place to hide. you can watch that interview at booktv.org. and wrapping up the list is david and goliath and his talk is available any time at booktv.org. for more information visit in indiebound.org. >> and booktv is the only television network devoted to non fiction books and authors. brought to you by your local cable or satellite provider. watch us in hd, like us on facebook and follow us on twitter. ... r interview as part of book tv college series. >> host: mary worthen is a history professor. what courses do you teach? >> guest: i teach a big survey course on the history of religion in nor
michael lewis is fifth with flash boy looking at high frequencies trading. we hosed a viewer call in program with him that can be viewed anytime. and flash boys and then stress test and you can watch him discuss his book on our website. a fighting chance by elizabeth warren is number eight. booktv covered warren in conversation at the old south meeting house in boston. look for it air this weekend. at ninth, recounting the stories with nsa and edward snowden with no place to hide. you can watch...
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in the wake of charges in michael lewis' case, hedge fund legend julian robertson answers that question -- next. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medic
in the wake of charges in michael lewis' case, hedge fund legend julian robertson answers that question -- next. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions...
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Jun 30, 2014
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there about whether you do business fairly, unfairly, if there's favoritism, even was charged in michael lewis' book that there's real corruption. i think you would agree that there's a problem out there. would you agree with that? or you don't think there's a problem. >> well, first of all, beginning with you, mr. farley, one, do you believe there's a public accepting problem. if you think there's no pr problem out there, then just say i don't think there's a problem. bum if you think there's a problem, what do you think we aught to do? >> markets are built on confidence and perception. >> we've proffered several suggestions. we're actually doing away with maker taker, coupling that with a rule because of some of the aftereffects reducing complexity, reducing order types, redutsing venues: when you bring that simplicity, it brides comforts. >> i think we all would agree transparency is. would elimination of that also be a positive effect or no effect. >> mr. adam? >> in my mind, there's no question that these questions about market structure have ebb materialed into the mainstream. i think to
there about whether you do business fairly, unfairly, if there's favoritism, even was charged in michael lewis' book that there's real corruption. i think you would agree that there's a problem out there. would you agree with that? or you don't think there's a problem. >> well, first of all, beginning with you, mr. farley, one, do you believe there's a public accepting problem. if you think there's no pr problem out there, then just say i don't think there's a problem. bum if you think...
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includess at eight financial journalist michael lewis. >> we are living through a dramatic time. there are real structural problems. -- i amwill be living not an economic forecaster, but everything i've read suggests we will be living with unusually high levels of unemployment. a quarter of the country is on food stamps. weis not a great depression, are not reprising exactly what happened in the 1930's, but it is a version of that. >> read more of conversation with michael lewis and other at c-span's sundays at eight. now available as a father's day gift. >> senate republicans introduced legislation to address wait times at veterans hospitals. senator john mccain also commented on the recent prisoner exchange. this is 25 minutes. >> good afternoon. >> i am joined by senator burr of north carolina, senator coburn of oklahoma and my colleague from arizona, senator flake. we are all very aware of the ongoing scandal that has presets our treatment of men and women who served in the military. this scandal has reached proportions where the american people are deeply angered and are dem
includess at eight financial journalist michael lewis. >> we are living through a dramatic time. there are real structural problems. -- i amwill be living not an economic forecaster, but everything i've read suggests we will be living with unusually high levels of unemployment. a quarter of the country is on food stamps. weis not a great depression, are not reprising exactly what happened in the 1930's, but it is a version of that. >> read more of conversation with michael lewis and...
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at eight includes financial journalist michael lewis. >> we are living through a really traumatic. . period.y traumatic there are real structural problems. i am not an economic forecaster. everything i read suggests we are going to be living with unusually high levels of unemployment. a lot of pain with over indebtedness. a quarter of the country is on food stamps. it is not a great depression. not reprising exactly what happened in the 30's but it is a version of that. >> read our conversation with michael lewis and more of our interviews from q&a programs. now available for father's day gifts at your favorite bookseller. likes we will have republican senators and their v.a. legislation in a news conference coming up shortly and is scheduled for 1:45. a discussion from this morning's washington journal about the administration's proposal to and other climate change initiatives from the environmental protection agency. >> david don ensure is with the national resources defense council, serving as clean air program director, and paul bailey who is dp for the american coalition for kil
at eight includes financial journalist michael lewis. >> we are living through a really traumatic. . period.y traumatic there are real structural problems. i am not an economic forecaster. everything i read suggests we are going to be living with unusually high levels of unemployment. a lot of pain with over indebtedness. a quarter of the country is on food stamps. it is not a great depression. not reprising exactly what happened in the 30's but it is a version of that. >> read our...
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the suit was filed in late may by michael lewis, a lawyer who successfully sued the tobacco companies 20 years ago is non-related to the author of flash boys, which is also about high frequency trading. the suit allegations the changes of the nasdaq and cme markets discriminating against investors by selling advanced access to market data. exchanges aren't commenting on the suit. >>> and tyson foods wins the bidding war over breakfast sausage. they will pay $68 for hillshire brands for more than $7.7 billion. that's $1 billion more than what pilgrim's pride offered for hillshire. both tyson and pilgrim's bids came last month after they looked to buy pinnacle foods. both offers required hillshire to terminate that deal and hillshire shares in germany are up by 4%. tyson foods coming under a fair bit of pressure up by 1.9%. >>> a new study shows ceos are drawing top dollar when it comes to their annual pay packages. seema moody is here with the details. >> that's right. the average pay for the top 200 highest paid ceos rose 6% last year to 20.7 million dollars. that's according to a stu
the suit was filed in late may by michael lewis, a lawyer who successfully sued the tobacco companies 20 years ago is non-related to the author of flash boys, which is also about high frequency trading. the suit allegations the changes of the nasdaq and cme markets discriminating against investors by selling advanced access to market data. exchanges aren't commenting on the suit. >>> and tyson foods wins the bidding war over breakfast sausage. they will pay $68 for hillshire brands for...
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when michael lewis's bock flash boys came out people were questioning if the stock market was rigged with people who had access to advanced trading and is high frequency trading adding cost for others? stock markets face another crash like in 2010 when the dow jones temporary lost $1 trillion in market value in 20 minutes. these concerns about high frequency trading fueled suspicions at wall street may have become the altimate insider's game when the average investor can't participate. consumers see firms that can make trades is a second and wonder if the stock exchanges is still a place where their interest matter. hopefully this hearing sheds light on the high frequency trading practices and help restore our financial system confidence. there were many researches and academics that locked at this. they are complex but we can address it solutions. one of the most high frequency trading practices depends on the unintended consequences of the reg national system. that regulation mandated that investment firms must buy or sell stocks at the best price variable. high frequency trading f
when michael lewis's bock flash boys came out people were questioning if the stock market was rigged with people who had access to advanced trading and is high frequency trading adding cost for others? stock markets face another crash like in 2010 when the dow jones temporary lost $1 trillion in market value in 20 minutes. these concerns about high frequency trading fueled suspicions at wall street may have become the altimate insider's game when the average investor can't participate....
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. >> c-span's new book "sundays at eight" features michael lewis. >> we are at the beginning rather than the end. there are real structural problems. -- iwe will be living mean, i'm not an economic forecaster, but every thing i read suggest we will be living with unusually high levels of unemployment, a lot of pain from over indebtedness. over a quarter of the country is on food stamps. it is not a great depression. we are not repricing exactly what happened in the 1930's. but it is a version of that. >> read more of our conversation with michael lewis and other featured interviews from our footnotes and q&a programs from 8:00" nowsundays at -- sundays at eight now available at your favorite bookseller. at a stall and american life. the discussion includes justice samuel alito and others. this is a little more than an hour. >> good afternoon. as belle allen used to greet his audiences, hello, everyone, and how nice to see you. how wonderful it is to see you to wonderful to welcome you the luncheon on the subject of baseball, america's game. .ome people seem confused they actually think p
. >> c-span's new book "sundays at eight" features michael lewis. >> we are at the beginning rather than the end. there are real structural problems. -- iwe will be living mean, i'm not an economic forecaster, but every thing i read suggest we will be living with unusually high levels of unemployment, a lot of pain from over indebtedness. over a quarter of the country is on food stamps. it is not a great depression. we are not repricing exactly what happened in the 1930's....
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don't tell michael lewis but are the days of the individual manager over? do we need them? we have computers! >>> a word to the wise. looking facial hair is not your best look. i know, look at that. take a look at a new trend younger folks -- look closely. into a bit of a hairy situation. more "money" coming up. stick with innovation. stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now. philips sonicare 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 taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. melissa: casino stocks today. more on this one. how come, nicole. >> look at the group. some names are down 4% such as wynn resorts. mgm dow
don't tell michael lewis but are the days of the individual manager over? do we need them? we have computers! >>> a word to the wise. looking facial hair is not your best look. i know, look at that. take a look at a new trend younger folks -- look closely. into a bit of a hairy situation. more "money" coming up. stick with innovation. stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now. philips sonicare the numbers are...
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Jun 10, 2014
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but in our style, and find characters and scenes that could hold people in the way somebody like michael lewiscan in one of his books, where you are looking for exactly the right situation and exactly the right characters that you can tell the story of something as complicated as high-frequency trading, which he does in his latest book, and people will stay with you, because they are like, these characters are amazing. >> that is really, i think, where the renaissance comes -- from collective coming. -- cunning. that width and that seduction, and all the things ira has to do to bring you either to anything inng or between -- that is someone who is restless. invent andnvent and invent, only to catch your attention and hold it. there was a time in the early 1970's, when public elevation came in. in my sense of things, there was a rush of excitement early on, all kinds of experiments. and public television sort of settled. but these are the unsettled diesel -- unsettle people who will not settle, and that is why it is doing well. it keeps scratching at every pitch it can find. and that is really
but in our style, and find characters and scenes that could hold people in the way somebody like michael lewiscan in one of his books, where you are looking for exactly the right situation and exactly the right characters that you can tell the story of something as complicated as high-frequency trading, which he does in his latest book, and people will stay with you, because they are like, these characters are amazing. >> that is really, i think, where the renaissance comes -- from...
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michael lewis co-stars in the video. he coached him in baseball.any of you answered after seeing stories here on abc7 news. he likely needs a donor who is a mixed european and asian heritage. >> abc7 news david louie gave back to a fundraiser in burlingame. he was the m. c. for the self-help longevity gala. goal was to raise more than $450,000 to support social, health, employment and educational services for the elderly in four bay area counties. good for david there. he was having a good time. a beautiful day today for father's day. >> yeah. a little bit of a cool down. we already seeing the changes with the wind and the low clouds and fog that return not only to the coast but pushing over the bay. right now live doppler 7hd. you can make out some of the cloud cover. and with 14 hours 45 minutes of day light, it will be a nice day. but as we go through the rest of the week we will say good-bye to spring and gain another minute of day light. solstice is next saturday at 4:51 in the morning. here you see the high clouds. winds are picking up. 53 in
michael lewis co-stars in the video. he coached him in baseball.any of you answered after seeing stories here on abc7 news. he likely needs a donor who is a mixed european and asian heritage. >> abc7 news david louie gave back to a fundraiser in burlingame. he was the m. c. for the self-help longevity gala. goal was to raise more than $450,000 to support social, health, employment and educational services for the elderly in four bay area counties. good for david there. he was having a...
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. >> that is right, high-frequency computerized trading was made famous by michael lewis in his new book the market was rigged compared to regular investors. this includes performing a special committee of experts to look into the and that looks into the initiatives. she wants to regulate high-speed trading by dozens of firms and non-stock exchanges and she said that she wants all of these other firms to register to basically license them like the others and subject them to more regulation. she said that the sec should not roll back the technology clock or prohibit this including the computer-driven trading environment working against investors rather than for them. she said it has produced him benefits including lower training costs and narrow were trading spreads and what the seller is willing to pay. >> i have to ask you. 58% disagree with mary jo white. they say the market is rigged. >> a trade association for wall street itself, it has been calling for a comprehensive review of the equity markets. this is because, as he just referenced, trust in wall street is very low. it still has
. >> that is right, high-frequency computerized trading was made famous by michael lewis in his new book the market was rigged compared to regular investors. this includes performing a special committee of experts to look into the and that looks into the initiatives. she wants to regulate high-speed trading by dozens of firms and non-stock exchanges and she said that she wants all of these other firms to register to basically license them like the others and subject them to more...
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Jun 30, 2014
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when michael lewis's book flash boys came out, the public knew very little about high frequency trading. important questions were raised. is the stock market rigged by unethical high-speed traders with faster access to market information, advanced technology, and sophisticated trading algorithms? is high frequency trading adding costs for other traders without contributing any real value to the market? will stock markets face another flash crash like in 2010 when the dow jones temporarily lost $1 trillion in market value in 20 minutes. these concerns about high frequency trading have fuelled suspicions that wall street may well have become the ultimate insiders game, where the average investor can no longer meaningfully participate. consumers see firms that can make trades in fractions of a second using cutting-edge technology and wonder if the stock exchanges are still a place where their interests matter. hopefully this hearing will shed light on the high frequency trading practices used on wall street, and help restore confidence in our financial system. the subcommittee involved man
when michael lewis's book flash boys came out, the public knew very little about high frequency trading. important questions were raised. is the stock market rigged by unethical high-speed traders with faster access to market information, advanced technology, and sophisticated trading algorithms? is high frequency trading adding costs for other traders without contributing any real value to the market? will stock markets face another flash crash like in 2010 when the dow jones temporarily lost...
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. >> financial journalist michael lewis. this are living through time. there are real structural problems. i am not an economic forecaster, but everything i read suggests we are going to live with unusually high levels of , a lot of pain from indebtedness. a quarter of the country is on food stamps. it's not a great depression. we are not reprising exactly what happened in the 30's, but it's a version. >> read more from michael lewis .nd other featured interviews now available for a father's day gift at your favorite ookseller. >> now part of our coverage on a forum of the treasury department's role on national security and the work done by the office of terrorism and national intelligence. we begin with treasury secretary jack lew. [applause] >> thank you, john, for that kind introduction, and i want to thank the center for strategic and international studies for hosting this event. for decades, csis has done tremendous work to shape national security policy, and it is great to be here today with so many people who have dedicated themselves to tackling
. >> financial journalist michael lewis. this are living through time. there are real structural problems. i am not an economic forecaster, but everything i read suggests we are going to live with unusually high levels of , a lot of pain from indebtedness. a quarter of the country is on food stamps. it's not a great depression. we are not reprising exactly what happened in the 30's, but it's a version. >> read more from michael lewis .nd other featured interviews now available for a...