so you tend to expect this from new york stock exchange. had a legacy bee's nest of exchange-traded systems. nasdaq functions on one trading system, so it's actually quite surprising that nasdaq would go down and not new york. liz: well, nyse is also an exchange that's publicly traded, so is the intercontinental exchange, the two have merged. obviously, they'd be talking about how to avoid this, but wait a minute, do we need to get rid of our human open outcry businesses? >> these conversations happen every day, and trading's actually safer, because you actually get more inputs there, more variability in trailing versus what is a pretty technical trading output with technical trading. liz: cme group, of course, is moving higher, they rarely have this kind of trouble. in fact, when lehman was unwinding, they hand a led millions of -- handled millions of trades in a single day in what could have only been described as a slight panic, something going bankrupt like lehman brothers, zero problems. >> well, again, they've embraced technological t

a is the new york stock exchange tape. now we're going on 45 minutes with a major exchange essentially halted. in theory, you can trade many nasdaq listed stocks on other exchanges, including here at the new york stock exchange. right behind me, in fact, are nasdaq-listed stocks that trade on the nyse. however, the new york stock exchange a short time ago halted all training in nasdaq listed stocks here at the nyse specifically at the request of nasdaq. so essentially, here at the nyse, we're not doing any trading nasdaq-listed stocks right now. >> let me interrupt before i toss up to bertha and give you the latest from nasdaq, a statement that just arrived here. it says nasdaq intends to reopen trading in all tape c securities with a halt cross with a five-minute quote only, period, started at a time to be determined. nasdaq will not be cancelling open orders on the book. customers who wish to cancel these orders may do so, and any customer who wishes to not participant in the reopening should cancel their orders prior to

exchange for certain stock. the question is whether or not the new york stock exchange stock is still trading at the nasdaq as a secondary market. that seems to be going successfully. that would be a name like ibm or dupont or american express. the names that are primarily listed here are probably trading just fine at the nasdaq. again, as we talk about canceling orders, you can wish to not participate in this reopening. i also sent a note upstairs at the new york stock exchange to see if anyone wants to come on down and explained the procedures. they do were together. it is about the consumer and keeping everything status quo. dennis: let's go back to michael block. more information is coming in. there is a tape a four main traits. there is something called a tape see processor. that may be the thing that is down. >> it is a little harder to fix than just classifying security. they have kind of isolated it. now, they need to figure out what it is. i believe this is something coming from a market player outside. there were looking at reopening everything at 130. i think this will keep rolling and we will keep h

job cuts could be hitting the new york stock exchange. g that the merger may mean the loss of a third of a staff. dennis: uneasy truce, cbs will be on time warner cable systems in new york but only for an hour and it is not for football. that story ahead in the media minute. gerri: entertainment tonight hour. dennis: let's look at energy. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to te-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid c

ice, a computer in atlanta took over the storied new york stock exchange. ared neared, ceo of -- duncan neiderauer on the floor of the new york stock exchange when this happened. we were first to break this was not quite a merger but takeover by ice. we did that the night before it was announced. they seemed like they were a pretty good team. i talked to duncan personally. he said he likes sprecher. the officials at the new york stock exchange are bracing for massive cuts from their side of the aisle. 3,000 people that make up management employees of the new york stock exchange are likely to get, likely to, there are people there, whether it will be significant job losses from that as part of this merger. the other interesting thing from what we understand, officials from what we understand are largely cut out of americaner discussions. give you my sources the can't tell you who. sources very close to the discussions, first-hand knowledge. most of the stuff, the post-merger discussions, how the company's going to look when the merger closes which i believe i

exchange had his own trading systems. europe'companies list their stoe listing the stock on nasdaq, ibm on the new york stock exchange. but your stock could trade anywhere. those two exchanges, the new direct edge combination be it what happens is exchange like the nasdaq and new york stock exchange are responsible for those stocks even those that trade in other places. what they say is the pricing of that information, the fed and the nasdaq through something known as the sip is where the problem began. i will be honest with you, i think it will be several significance because i don't know why they would put him on the phone with me. lori: he is becoming embroiled in a controversy with the transparency or lack thereof. charlie: he has made a comeback. lori: you should start the conversation with that nugget. charlie: i think robert greifeld did a good job communicating to the firms, basically he did the right thing about closing it down rather than trying to keep it open working off of a faulty system dealing with that aspect of it. his problem was communicating to a broader audience. looking at the market as a public

fault but it occurred on the new york stock exchange. crash where was a new york stock exchange issue where the market imploded in seconds. nobody pointed to fingers at him with the technology snafu. what we have is bizarre market. it is not just one market of the it is many markets. it is 40 markets with stuff like bats and direct edge and black markets. pools. think about it, nasdaq and its stocks is responsible for pricing mechanism, the feed, which is the sip which we'll not get into here but it is responsible for that. it is getting it from all different sources. this is very complicated. i would direct people to holman jenkins column in the "wall street journal" how difficult it is and all computer operated. bob greifeld did a good job getting nasdaq back in order. he did a lousy job communicating that. is that what he is paid to do? yes, he is paid to somewhat communicate. i spoke to him afterwards, he acknowledges that, it is not my fault. i think more, lucid moment when he is not before the cameras easier to say we'll look at tha

, trading order flow and nasdaq has been around since the mid 80s, that type, new york stock exchangenow both the new york stock exchange and nasdaq deal with a lot more order flow on computers and i'm going to tell you this, there was a lot of fingerpointing going around. this will keep happening. >> right. >> it takes regulators to step in more than bob -- listen, bob greifeld did not like, do something stupid here that caused this. this is what happens with technology. it happens, it malfunctions. ashley: that happens, charlie. what about his reaction and nasdaq's reaction to what happened? we understand machines break. >> that's another story. he mentioned this sexy part. i don't believe the nasdaq has the sexy cachet. they used to. they used to be the stock market for silicon valley and you know, all the tech companies wanted to list there it is different now. it is all about getting into nasdaq 100. what is the main reason to get into nasdaq 100, to get into that index a lot of people, a lot of fund managers, buy the index. what it does it is a natural floor on the stock. facebo

. >> and i'm kelly evans down here at the new york stock exchange in today for maria bartiromo. we want to get right to it. steve liesman out in jackson hole, wyoming, and he brings us breaking news. steve? >> reporter: thank you, kelly. i'm met manager director christine lagarde, worrying about spillovers. she said the exit from the policies present, quote, serious risk to those countries that do not have the policies, principally those emerging market countries. and really what she's talking about the current fluctuations we've seen in the last several weeks when it comes to what's been happening with market expectations for the federal reserve and other exits. she's saying some currency market intervention could help for some of the countries when they try to deal with the exit strategies of the unconventional policies of the developed nations. she's urging central banks to manage the exit carefully, and she's saying the country should work together in managing this exit. government, she said, should not waste the breathing spaces provided by central banks through the unconven

well are they serving their clients in the future. >> rennance capitol tells us that the new york stock exchange was gaining ground before facebooks ipo but that nasdaq fumbled one of the most popular ipo's ever. it gave the new york stock exchange ammunition. today's pitching will likely do the same. the exchange says the lead is likely accelerating. it has raised four times more capital than any other marketplace with a record. now of course all eyes are on what twitter, dropbox, and other technology and uber will choose and which exchange they will choose when they go public in the next year. >> thank you very much. and in today's question of the day, we asked after yesterday's shut down, what are you thinking today. the sec needs tighter regulation. 59% says the nasdaq needs to get it together. that is interesting. 15% say this makes me less likely to trade all together. >> that is a tough one. several big name emerging markets. the impact on the dollar and beyond coming up next. incredibl. otherworldly things. but there are some things i've never seen before. this ge jet engine can understa

thank you very much, lauren simonetti, for the new york stock exchange. a lot of breaking news. ing bell's going to be ringing, we've got 49 minutes to go, and media companies like "the new york times" under fire from hack aers who support -- hackers who support the syrian president. coming up next, what, if anything, can be done to stop cyber attacks on media web sites? >>> and as the u.s. prepares for possible missile strikes from syria, we're going to look at the dangers of a much bigger conflict and the potential risk to world markets. a global market strategist and a former cia officer going to give us their playbook. ♪ ♪ [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of shari

i'm at the new york stock exchange.the story is at the nasdaq, starting around 12:15 eastern time. trading has halted due to a technical glitch. we areti

in other news about american airlines- -- the carrier's profits doubled in july -- to $292 million. 2 trading exchanges are merging to take on the new york stock exchange. bats global markets and direct edge are combing to become the second largest trading exchange in the u.s. behind the new york stock exchange. bats- and direct edge -- hope to have a competitive edge with high speed trading.even though trading volumes are falling. traders are keeping an eye on biotech stocks. it follows the merger of pharma giants amgen and onyx. amgen will pay 10.4 billion dollars for onyx, as the company now gains more access to cancer fighting drugs.the deal is expected to close at the beginning of the fourth quarter. onyx currently has three cancer treatment drugs, and one in the works. both stocks gained traction on the news, with amgen closing up 8 dollars and onyx closing up 6. u.s. corporations are pouring money into signapore. according to reports-- u.s.busineses invested $138 billion during the past ten years. singapore now leads other asian nations with outside investment money coming in. we asked tim mulholland of china america capital what makes

and it's official, regulators approve the $8 billion sale of the new york stock exchange. e intercontinental exchange. the merger still must be approved by market regulators in europe. let's give right to it. we have our traders from the new york stock exchange and the cme group. i want to start with you. last week was the first week we were down in over a month, setting the stage. more anticipation of a correction and what it's all about. tell us what the mood is as we go into another down week for the market. >> the second down week. the retailer said the mood. we saw those numbers from walmart, coal, the urban outfitters. these all worry traders. as you mentioned, popping out, this tapering is closer than we think. that is the big problem. some people thought 2014. but now it could be as early as september. charles: i have to tell you something, the bias is to the downside, not just fundamentally, but this seemed like first thing monday morning everyone is bracing for a worst-case scenario. what happened all of a sudden? >> you have a couple of things. softer economic da

the second-largest operator by volume putting it behind the new york stock exchange, but behind the nasdaqn to become a member of the new york stock exchange has died. she died of complications of cancer. she was 80 years old. that is the latest from the fox business network. giving you the power to prosper. ♪ right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. d 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. us 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. connell: we have this durable goods report. it was below expectations. forget about just the numbers for a second. jeff flock is with one company making plenty of profits. >> i am at a place where they invented the popcorn popping machine. the company is still going strong today. i have the fit generation president of the company. bad numbers. that is not what you are seeing. >> no.

it is possible to trade nasdaq listed stock at new york stock exchange. that in theory would be a back up. however there was a halt in the nasdaq listed stocks, trading just behind me. shortly after nasdaq stopped trading because nasdaq requested nyse to halt trading. there is a back up here to trade elsewhere but in reality that back up isn't working very well. by the way, there is speculation about what happened. there are two possibilities. one is potentially a hack in their system. we don't know this for sure but that's a possibility. other is i think the most likely, just a software failure. remember, these are legacy systems. nyse and nasdaq has software built upon software that goes back many years. it has to interact with old software and software with other systems. as systems get more complicated, it increases the possibility of some kind of failure. sec has been concerned about the problems and legacy issues for a long time. regular sci would stand for technology issues across the board. but my guess is that will get a lot more attention in the

new york stock exchange and there is a merger going on right now with the ice and the new york stock o. suppose two years from now speculating that the business of stock trading, the floor of the new york stock exchange and the business of stock trading going to be spun off by the new york stock exchange/ice. would direct edge be a buyer that far? >> i think for us when you look at any potential m&a opportunity down the road, it is can it help us make customer lives better? if it is, we are strongly interested in it and if it is not, we probably would look elsewhere. >> bill o'brien, thanks very much for joining us. appreciate it. that's a little forward question. >> where did that come from? >> down here on the floor of the new york stock exchange when that deal was announced, it wasn't that merger that was interesting, it was what might happen to years down the road everybody is talking about. >> looking forward. thank you, bob. a check on energy and commodities as well. courtney reagan is live at the nymex. >> good morning. gold still hovering near that $1400 level and did crossove

adam: we are not done talking equuties, to the floor show, we got traders at new york stock exchange,me group, and teddy at the new york stock exchange, dan over at the cme, and at imex, thomas, thank you, all, for joining us. thomas, i want to talk to you about gold. there was a rally in gold today, back over $14 an ounce and came back. what's happening? what do i do if i feel worried about the fed? >> well, now we're starting to get priced in a taper of the tapering. this is, you know, trying -- it's trying to consolidate all the different opinions about what the fed's going to do. you're not sure what's priced into the gold market at this point. we've seen a rally of a hundred dollars in august, and it's been in a very, very thinly traded market, a lot of shorts running for cover, and many reasons for it going higher. there's uncertainty in what's happening with the currencies, emerging markets, and so it's a difficult thing to kind of assess in the august month. wait until the end of the holiday. adam: shouldn't the price come down if the dollar is stronger? so confused trying to

we know that there have been glitches of the new york stock exchange and nasdaq, many more at the nasdaq. this also knocks down business confidence in the exchanges, and so there are a number of, you know, big companies that want to offer stock to the public, twitter, a lot of talk about twitter offering stock. do you think they would feel more comfortable of listing at the new york stock exchange, rather than the nasdaq after today's episode? >> you have a good point. i look at this as an industry issue because it could happen to anybody. and just so you know, the problem was with this price desemination stream and in complex terms, it's called utpsip, but nasdaq operates that for nasdaq listed stocks. the nyc operates it for nyc stocks and etf as well. it could have happened to anyone. what the industry needs to do, they need to go through this airplane accident, you know, analogy when there is a problem you have to take a serious look. you know, the transportation bored comes in and investigates and the fcc or regularer needs to come in and take a hard look and the industry to put in

the flash clash was a new york stock exchange issue. ey come to terms with the structure of the market, we have this 50 markets. everyone is piling information into the exchanges. charlie is standing by. what about you? do you think you should be fired over his handling? >> i do think that investors will be asking some very tough certainly anyone who has been a nasdaq investor should be asking some very tough questions based on his handling. certainly, communicating in a crisis like this is an important measure of a ceos capability and success. charlie: richard, do we know each other from an otherwise? >> we have been on opposite sides of issues. cheryl: oh, goodness. charlie: i am sure that the board will look at this. they are associates of bob greifeld. they like bob greifeld a lot. that is his board. i do not think that this will cause him to go. bob greifeld is not going anywhere anytime soon. when we start talking about bob greifeld, is whether, you know, that takes our eye off of the bigger paul. our markets are broken. i do not t

new york they have back up systems they test all the time. another thing that irks traders we didn't hear from anybody. if this happened at new york stock exchange the chairman would have been talking about it all day. >> mr. greifeld, i don't know the man. at 5:30 they put out a technical thing and then at 7:00 another technical thing. >> this is a public company with shareholders and has a bigger public responsibility to the broader markets. their leadership should have been out there. should have been out there immediately. >> this is public relations management. >> reporter: can i defend. why not. i'll take the other side. i'll defend the nasdaq. it's august. i have anchored so many shows this week everybody is off. that's the way it is in america. executives, pr executives are also gone. >> i totally disagree. >> reporter: i expect you would. i'm throwing this out there. >> they didn't have a phone? >> the pr executive is not on vacation on mars. he has a cell phone. let's be clear. we shouldn't be surprised about this because based on the nasdaq's response to the flash crash, the nasdaq's response to facebook, this is par for the course. >

let's get to nicole petallides on the floor of the new york stock exchange. obviously, they were able to handle whatever volume they had, nicole, but what were traders there really whispering about? >> a platform much like we see here at the new york stock exchange which has both electronic trading and the human element, so really it catches glitches like what we saw today and handles things. someone like maureen was noting that, someone like ben willis noted who put what capital, and what were the costs? what are going to be the repercussions of what happened? what happens at the nasdaq, and will it happen tomorrow? it doesn't really build consumer confidence when you realize it's great that they opened again, to mr. perez's point. you started to wonder if they were going to open. they did, in fact, open. that's wonderful. but the question is, and i heard liz talking about soft square processers and the like -- software and processers and the like, but i'd like to see some more in-depth coverage just to build the consumer confidence so people don't really wor

we want to go to nicole petallides on the floor of the new york stock exchange. trading at an all-time high, nicole. >> a lot of people were disappointed when they saw the stock going down, down, only 17 1/2 bucks. only to see it surpass the ipo price and $39. the target is 40 bucks. >> what about hbc? they're down 4%. >> at love banks didn't do well. hbc in particular. >> i hope you like teslas. my brother brought one, the doctor down in atlanta. they're hitting all-time high. up 54%. >> yeah. it is continues to do so well. that model s got a near perfect score. continues to be touted by wall street with one an after another. great performer. >> once my brother gets him in september, all bets are off. hey, fossil is tumbling. i'm wearing fossil. >> mice watch, adam. what is happening a lot of analysts are doing checks. sales will probably be slower than expected for fossil, not only for fossil but accessories. analysts getting on board and thinking fossil will not be a great get. it is down 5.8%. >> nicole, let me ask you real quick, s&p over 1700 will we hold it

first woman to have a seat at the new york stock exchange. life of mickey see bert coming up. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." >>> wall street lost a legend and a great friend over the weekend with the death of muriel siebert. she was a legend, the first woman as we know to hold a seat on the new york stock exchange. she bought it back in 1967. boy, when that happened, it was big news because it still was, of course, an old-boys network at time. maria is on the line with us and safe to say, marimaria, maybe my had a greater impact on your career than she did on mine just because she was a trail dise

go straight to lauren simonetti on new york stock exchange. dging lower. >> exactly, hi, nicole, hi ashley. it is a day when the consumer and rates are in focus. the 10-year popping to a two-year high. a lot of consumer stocks saying that is affecting major averages. dow down 27 points. nasdaq up about 11 and s&p down four points right now. some analysts coming out and talking about some. discount retailers. you can look at ross stores and dollar general are moving to the upside on upgrades at morgan stanley and jpmorgan respectively but saks reported earnings this morning. this is the luxury market. they had to discount in order to move product, particularly shoes and their handbags. as you can see saks is a loser, down .1 of 1%. back to you. ashley: lauren, thank you very much. the fed taper could be just four 1/2 weeks away. joining us with his take where the market will move until september 18th and beyond, is bmo private bank chief investment officer, jack ablin. thanks for joining us. is this just a small market pullback what we've seen o

tracy: live report from the new york stock exchange is next. oracle of omaha" rejiggering his portfolio. we'll tell you which stocks warren buffett is buying and selling next. first as we head to the break look at some of today's winners and losers on the s&p. homebuilders having a good day. d.r. horton up 5%. what about retailers, kohl's and penney'ses. jcpenney moving higher we'll be right back. tracy: ninety minutes til the close, earlier it was all red. now we have two lone greenies, or three. caterpillar, alcoa, fighting to get in the green. nicole petallides. >> reporter: one of those fighting days for the bulls because today we are seeing the wears taking the ball. -- bears taking the ball. we are off the lows of the session, however, you do see still a lot of red on the screen, and the vixx, the fear index, has been to the upside throughout the day. a heart of the dow components, not all, are still in the red. all with down arrows. that being said, we have some names that are on the move and some names hitting some highs, and it's certai

we go down to adam shapiro on the floor of the new york stock exchange. oints. what is going on? >> let's not talk about being down. let's talk about stocks getting a boost. the dow is down 7 points. s&p is down. apple, we'll talk about apple in a second. i want to talk about blackberry first. there was that big announcement that came as no surprise, late that blackberry was considering they would go private. today we found out they explored a -- formed ad committee to explore strategic partnerships and explore a sale, or break the company apart. patents than the market cap right now. shares are up 8%. trading $10.52 that is a good turn around for blackberry. >>> no confirmation but you know how the story goes. time for an up grade expected september/10. apple shares are trading, $446. apple shares are up 2% today. back to you. tracy: adam thank you very much. lizzie mack will have more on the whole blackberry issue coming up in a few minutes. ashley: very good. the dow and s&p kicking off the week in a red and all a little mixed. that is good news for my

you could trade nasdaq listed stocks like yahoo an apple on a dozen other major exchanges, including the new yorkck exchange. the nasdaq rose and asked all the other exchanges not to trade nasdaq listed stocks either. we had one of the come on of a book called broken markets. the decision was smart, but i thought especially in a crisis we lack information, liquidity in the ability it rate eases panic. was it a smart idea or a better idea? >> i would agree with you. they should have provided liquidity. and in a bigger picture cents, the retail investor has yet to get back into this pool market. glitches like this the way of releasing of the last three and half years that undermine reach of confidence in the market. so i would tend to agree. it probably should have allowed trading to go on in other markets and give that liquidity since. but nonetheless it still would undermine retail investor confidence. dennis: does this have to undermine retail investor confidence? add on trade stocks every day. this had no impact whatsoever. >> investor confidence is already very skittish. so the markets have be

the new york stock exchange has it. nasdaq has it. you pile new software upon the old software you get problems and you try to make it interact with all the other exchanges out there and multiply the possibility for failure. number one, what can be done to improve the trading technology. there is a reg that has been floating around but you can bet that's going an an issue. what can be done to simplify the trading systems. do we need 13 exchanges, 40 dart pools. you guys i think i'm aligned with you my answer is no but good luck trying to change that. there is a lot of interest. one more point about the technology. we used to have systems called the dot and the super dot system. pieces are still behind me. this allowed traders to put orders to the floor electronically. i was here at that time in the 90s and it went down but you didn't hear a lot about it because the system was fairly opaque. my point is there is always been system failures but now there is a lot more transparency and i think that's a good thing and things are now so int

a special edition live from the new york stock exchange next. ♪ right now, 7 years of music is being n eeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pai it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away, if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. ♪ liz: good afternoon, everybody, i'm liz claman live from the floo

let's go to lauren simonetti at new york stock exchange.ing market two up and down depending whether the secretary of state or president was talking. the vix has been up all day, up over 17. when the vix is that high you think the market will be lower than it is right now? >> it is weird when is going on. there is fear in the s&p sectors and how they're trading. you can see it in a vix which hit a high of 17.8. stocks are down, but no this isn't the most significant decline in the broader markets we've seen. cheryl: volatility higher but shares of apache one of the biggest gainers, lauren? >> yep. number two gainer in the s&p 500. apache selling a its stake in a egyptian business because of unrest to china's sinopac. david: david: positive going with the negative month here. salesforce.com came out with figures that blew it away. they're up 12.5% for them. good for them. >> is the number one winner in the s&p 500. we're focusing on the positive. they swung to a second quarter and raised their full year numbers. the market always likes when

let's get you updated on the markets, floor of the new york stock exchange, and, lauren, stocks turning higher. what's driving it? >>s in past 20 minutes, there's been a reversal, dow and s&p snapping a two session losing streak, up arrows across the board right now, and dow's up 48 points, and, well, we have more declining stocks than advancing ones, but up arrows. this is what happened. moments ago, the atlanta fed bank president essentially said this tapering that we are talking about and expecting to happen next month might not fully happen because the economic data that we've been getting is relatively uneven, so, perhaps the qe continues longer. up arrows right now. back to you. >> take it while we got it. >> headline with attention, the department of justice and states suing to block the merger of american airlines and u.s. airways. we are joining right now live by capital chairman and fowppedzer, also former continental airline ceo, frank lorenzo on the telephone. thank you for being here on fox business to help us understand what the ramifications of the doj move are, and what

on a good day, on the floor of the new york stock exchange, we open close 100 million. yesterday, the lightest volume in a long time. just a moderate amount of selling pressure on secretary kerry's comments reduced a drop in the dow. >> good, bob. that's good. you've got to admit, good. lower volume. if we had higher here, the markets down 300, 400 points now. >> are you buying into that, todd's last word? >> i'm not. the strikes will occur saturday. they're in prayers. respect that. we won't start bombing. it's obvious. >> all right. >> that's what he's saying. thanks, gentlemen. >>> just about 50 minutes left to go, bill, before the closing bell. again, looking at a dow down almost 150 points, barely off session lows of 160s and 2% decline for the nasdaq as well. >>> up next, the marx akets are swooning on syria, they didn't blink when it shut down. the blame game for last week's calamity is heating up and now the sec is getting involved. what's really going on. a former vice chair of the nasdaq joining us in a moment here. >>> and topping $100 billion yesterday day.

i know that pandora is trading on the new york stock exchange. e cfo of a company about to go public, how ouwould that impact you? >> we're on the new york stock exchange so it didn't affect pandora. volatility and stability are important for a stock but i don't have a lot of comment directly on the nasdaq. >> and now do you have any sense of the need for more regulatory oversight or any changes? >> i'm sure that the nasdaq and the regulators will figure out a way to prevent this from happening again. >> moving forward, looking at your earnings, now, your stocks now at 12% today. why did you're out look fall so far short of estimates? >> pandora is a business that's firing on all cylinders. and we actually raised revenue guidance for the year and affi m affirmaffir affirmed profitability for the year. we're investing for our opportunity. we're third in mobile advertising revenue. we are the undisputed leader in internet radio and we think that that opportunity is just going to be bigger over time and who the right thing to do strategically is for

. ♪ ♪ cheryl: let's get the latest on today's market selloff, traders at the new york stock exchange,of course, the nymex. ben willis at the new york stock exchange, ben, to you first, there's thoughts about in this major move to the downside. are you worried, or is this a one-day blip? >> i hope it's not a one-day blip. i don't mean to be too dark, but this market has had one great run this year, and we're only in august. the market needs for its health in order to be higher by the end of the year to have a decent pullback, and the biggest pullback we have had so far this year the is about 3.5% on the s&p, and that's not really a healthy correction, so i've been looking for one, as many professional traders have for quite a while, and hopefully this is it. cheryl: kevin, do you agree with that assessment? >> i do. look at yields today and you actually see stocks selling off significantly, so it's not a flight to quality trade. i think traders are really looking at the data. you saw claims fall, inflation up just a little bit more, data's getting better, so they're starting to take th

larry leibowitz, the chief operating officer of the new york stock exchange, believes its massive newnter in mahwah, new jersey, will help the exchange regain some of the market share it's lost to electronic trading platforms. and he's busy persuading traders to lease space in these stark black boxes for their supercomputers. this is one of the pods? >> this is one of the pods. this is the nerve center. >> it's called co-location, a service that high-frequency traders will pay tens of thousands of dollars a month for, and includes access to raw data from the exchange that is almost instantaneous. >> you know, we're getting down to, you know, how fast can the electrons travel at this point? >> they can predict the price of a stock before you can because of the speed that they're using. >> so they actually see the trades before you do? >> they can see order flow coming into the exchanges before a regular person off of, say, a bloomberg or somebody who doesn't have the co-location, the data feeds, and all the other sophisticated technology that they employ, which is not cheap, by the way

one of wall street's true pioneers, muriel seibert was the first woman to own a seat on the new york stock exchange. she passed away over the weekend in new york city from complications of cancer. she bought the seat in december of 1967 after months of struggling to break into the old boys world. she went on to establish her own investment firm. she was the first woman super inten dent of banking. she was just shy of her 81st birthday. she will be sorely missed but never forgotten. >> i served with her, she was a positive force. you said a pioneer, she really was a trailblazer. >> small in size, but huge in stature, and she loved helping the underdog on wall street, didn't she? >> she really did, she will be missed. that's nightly business report for tonight. thanks for watching. >> have a great evening, we'll see you again tomorrow. >>> nightly business report has been brought to you by -- >> sailing through the heart of historic cities and landscapes on a river. you get close to iconic landmarks, to local life, cultural treasures. viking river cruises, exploring the world in comfort. >>> glad to

we should back out even though the data feed comes from the new york stock exchange what is happeningexchange they are trading nasdaq lists of stocks, you can trade nyse-listed of stock, stock would be premature of the nyse or the nasdaq you could trade those stocks anywhere, in the black pool. these were traded at the arca where this whole thing, this entire malfunction began. that doesn't leave the nasdaq off the hook. it is responsible for the trading as it comes out of the archipelago system. but we are going to hear more detail on it. what you might hear officially is this malfunction began with an issue with the arco. that has not been out there officially. my guess is it we are going to get some of that in a statement. we don't know when the statement is going to come out. to be as early as today but it needs approval of the new york stock exchange, the securities and exchange commission and we should check out the nasdaq and its chief bob greifeld come under a lot of criticism without communicating entirely what is going on. i think some of that is overdone. some of the proble

so how come y'all came down to the new york stock exchange? are you foreigners? new yorkers? rom out of state? >> out of country. >> japan. >> out of country. fantastic. how about local? who's from new york? good for you. new yorkers. you are jordan? >> yes. >> what brings you down here today? >> i have a friend visiting from florida, so i decided to take him down to see the memorial and come down to the stock exchange. >> excellent. what about you? >> it's my birthday weekend, so we're here from miami. >> happy birthday, maya. drew, real quick, what are you doing here? >> came up from florida, having a great time. >> awesome. enjoy. thank you for joining us, everybody. we'll take a short break and back with a big crowd outside the new york stock exchange. back in a moment. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ male

morgan chase executives facing legal trouble. >> jane king joins us from the new york stock exchangeith more. >> good morning, j.p. morgan chase is in the glare this morning because authorities could announce charges this week against foam employees connected to allegations that they tried to hide massive losses last year at j.p. morgan chase and shares are slightly lower this morning and that is the tone overall, a little bit lower across the board on wall street with the broad earmark its, as well. the silicon valley index, it is trading in the green and 72 orchard supply hardware are getting purchased by lowe's and the next step is if them to get bankruptcy approval for the deal closing the sale he hope bit end the month. workers could find employers more likely to say yes for flexible schedule but it could be tougher for women. managers are more likely to grant flex plans to men in high status jobs. women, regardless of their status or the reason for the request, are less likely to be granted a schedule change. that is the news from the new york stock exchange for bloomberg busin

yes, i'm bill griffeth here inside the new york stock exchange.he market isn't any better from this view, as well, although we are coming off the lows of the session right now. it looks like it's trying to go positive. i'll point out this is an expiration day. anything can happen during the last hour of trade on an expiration day. but before this, the dow is in jeopardy of having its worst week of the year. we're down about 2.1% going into the day. if we finish below 15,095, that would make us the worst week of the year. and we are -- well, we're above that right now. >> i've got to tell you, bill, it feels like the quietest expiration friday we've seen in a long time. >> it does. i said to art, what if they held an expiration and nobody came? but they -- >> and that's what happened. we've got a big lineup for you here to walk you through what's happening as we approach the close and what may happen next week. we'll be previewing that. we have david rosenburg coming up. john cary and ralph acampora. you will want to hear what ralph said about yest

last week while the nasdaq added 55 points. >>> the first woman to become a member of the new york stock exchange muriel seebert bought a seat on the male dominated exchange in december of 1967. she founded her own brokerage firm and was the first woman superintendent of banking for new york. she died saturday from cancer at 80 years old. >> gas prices are down. the average cost nationwide is now $3.56 a gallon. that's a drop of 4 cents over the past two weeks and 20 cents lower than this time last year. >>> donald trump is being sued for $40 million. new york's attorney general said trump university was a scam that defrauded thousands of people nationwide. it offered to make students rich, but instead, steered them to expensive seminars. trump's lawyer says the lawsuit is false and politically motivated. >> for the second week in a row, lee daniels "the butler" was top at the box office. it took in $17 million this weekend. jennifer anniston's comedy "we're the millers" was second and the teen fantasy mortal instruments city of bones came in third. >> did you go to the movies this weekend? >> i

we head down to the floor of the new york stock exchange. stocks inching lower. >> reporter: back-and-forth action, one thing is clear. this has been a very tough week on wall street. let's start off well we are seeing right now. the dow jones industrials are down about 21 points at the moment, not too far off lows of the day. about 20 points off lows of the day. that is something worth watching a tough week, mixed economic news. big picture, watching the housing numbers showing good news for multifamily homes. less so for fan vote -- single family homes which is less great news ultimately. the one week jarred, the fact of the dow is down over 2%. a lot of that, tough news from walmart. bouncing back a little bit. down about 2% for the week. and actually month today also down just over 2%. a lot of that really just coming from this week alone. our steepest weekly decline in about four months since april. lori: will see you in 15 minutes. tracy: fears of the fed tapir leaking into the bond market pushing the ten year yielded near two-year high