you know, so i think reg nms, the spirit of reg nms as was indicated makes sense. you have multiple competitive markets and you want to try to attempt to tie them all to the. i think if you eliminate some of the conflicts in how orders are routed that brokers have invested heavily in tech nothing that can get around this issue of liquidity disappearing. i mean we went at rbc we had this problem in 2007 to 2009. then we solved the problem. so i think that free market solutions can emerge to address the issues with regular nms. i think undoing reg nms runs the risk of again further unintended consequences. how exactly do you address it? i think that it is -- it's something that definitely warrants review. it just depends on what regulation comes out of redefining what reg nms does. and that's something that obviously i can't comment on. >> you have any suggestions, mr. battalio? >> if you do anything to reg nms do it with a pilot study and study it very carefully. >> have you got other solutions to this issue? >> with regard to high frequency trading, that's not some

regulation nms includes a so-called trade through provision that generally prohibits trades at prices inferior to the best quoted prices. some have argued that this provision facilitated the fragmentation of volume among many new trading venues, enabling high frequency traders to flourish by exploiting the fastest connection among these venues. given the current prevalence of high frequency traders in our equities markets, some put the number by the way at about 50% of daily volume, one might reasonably ask indeed, whether regulation nms did in fact change the rules of the game in favor of speed? as a regulator, assessing our markets however we have can not rely simply on the temporal juxtaposition of regulations nms and high frequency trading. the issues and forces at play are more complex. this can be seen actually in the data from other markets, both in the united states and around the world. many of which are also now characterized by high levels of high frequency trading, but none of i with have their own regulation nms. in this light the rise of high frequency trading emerges as

we support a trade out rule under reagan nms. today a market center can execute an order at the best publicly displayed price without actually contributing to the public price discovery process. those who publicly display their interests first should be first in line in execution. a well-designed pilot under thean nms could strike appropriate balance between promoting competition orders while encouraging competition between a variety of market centers. regulators and industry participants have been working diligently over the past few years to take steps to improve the manner in which our markets operate. extremely markets are complex and is vitally important to examine all the potential consequences of any changes to our structure. we believe the sec is well-equipped to continue to evaluate ways to improve our markets and we commend them for the work they've already performed. thank you for allowing me to participate in this discussion. >> thank you very much. good morning, chairman levin, ranking member mccain and members of th

and it continued into the s withon of regulation nm fears that competition would be limited to the new york stock exchange and nasdaq. we are now living in a much different world where many are questioning whether the pendulum has swung too far and we have too many venues, creating unnecessary complexity and cost for investors. years, the sec0 has worked hard to further the statutory objectives of the national market system which include the efficient execution , pricesactions transparency, competition, best execution, and an opportunity for investors to meet directly. but as previous commissions have noted, these objectives are not entirely aligned. in particular, the goal of competition among trading venues can lead to what we generally all call fragmentation where orders may be spread among competing venues. maymuch fragmentation detract from efficient execution and opportunity for investor orders to meet directly by creating opportunities for excessive intermediation. the sec has soft paths to balance these objectives in advancing the interests of investors. thate could credibly cl

. >> sam tells us the refugees are tempted to cocoon nms in a new home, which can lead to isolation and depression. that's why he draws men and women of every age into the larger community almost immediately. bhutan is an agricultural company. a day and a half later, sam introduces them to a plot of land, work the soil, and introduces them to planting and weeding - putting down roots. it's the first time we see them visibly relax. >> this woman is comfortable speaking out loud - the little english she knows. >> it is happy. >> they said solving the problem is previously around. that makes them a little better. that's one of the goal we are working for. >> sam is now a u.s. citizen. his family bought a small house together for everyone to share. by many measures, his is a success story. he says he'll return to bhutan, if he could. weekly ceremonies keep the traditional hindu culture alive, and a fragile community within reach of each other. newcombers are welcome. it's a little bit of buton in america. for the family, a bit of shanka la in the -- shaping ra la in the american dream. >> a

the projects approved for nm nj include beaches and urban areas including hobo ken. new york, which was hit hard by sandy, has 11 projects in the works. >>> a new jersey man accused of killing two people, decapitate being and burying his victims' bodies faces a judge next month. a trial date was set today. this man allegedly shot and killed two men in february he last year. then prosecutors said he cut off their heads, hands and knocked out their teeth. he buried them then. he stole a car belonging to one of the victims and dumb pd it in philadelphia. his trial is expected to begin july 16th. >>> a pittsburgh police officer is now on desk duty avid yo surfaced showing him punching a woman at the city's gay pride parade. look here. the officer says he was trying to break up a fight yesterday when he grabbed the woman by the head and punched her in the side so he could put handcuffs on her. he claims the woman fought with him and kicked him in the groin. she's charged with assault against an officer. pits burr's mayor says the officer will remain on prestricted duty du

. >> i nm a gr [ ht and appuse ] l ght. >> jimmy: let's go, let's go. >> we're being straight forwardkevin. you have to do it! kevin, you have to do it! on. we said we were gonna do it. [ screaming ] day-o! day-o! >> lock me in. lock me in. lock me in, man. come on, pop the -- no, no, no. push it further. lock it -- >> jmyket? as far as it can go. my: le oh, no, no! [ laughter ] no, no! ah, ah! ah! ah! a your honor! >> woo! >> jimmy: oh, my gosh! >> stop it! t!, ah! [ laughter and applause ] >> jimmy: oh no! end it! [ laughter and applause ] [ laughter and applause ] real cool, man.plause ] feels real good. >> you look like doc fm back to the future. stlookmart ck fro1976. and you're mad about what he saw. >>myu d grea>> did good. jimmy: you did great! >> let's just go. >> jimmy: here's the good news. we're gonna go again. we're going twh >>immy: e more time! here we go! [ cheers and applause ] >> no! no! i can't. i can't. i can't. [ cheers and applause ] >> jimmy: you were quiet. i mean, look -- he's got tear in his eyes right now. >> i got tears. oh, my god. [ cheers and applause ]

specifically, we support the pilot of the trade out rule under nms. today market center can execute an order at the best displayed price without actually contributing to public price the discovery process. generally speaking, those that publicly display their interests first should be first for any execution at the price across the markets. the well-designed pilot of the trade rule under could help strike the appropriate balance between promoting public competition of orders while still encouraging competition among a variety of market centers. regulators and industry participants have been working diligently over the past few years to take steps to continuously improve the manner in which the markets operate. the equity markets are extremely complex. and it is vitally important to examine all of the potential consequences of any changes to the structure. we leave that the fcc and fnra have ways to improve the markets and we commend them for their work that they have already performed. i thank you for allowing me to participate in discussion and i wel

s regulatory national market system, or reg nms. that regulation essentially mandated that investment firms must buy or sell stocks at the best price available. while that might sound like a reasonable requirement. high frequency trading firms can take advantage of the rule by putting out offers to buy or sell small amounts of stock at attractive prices. when a large investor, seeking to make a big order, accepts the high frequency trading firm's offer because it's the best price available, the high frequency trader can predict that the large investor will have to go to another exchange to purchase the rest of his order. the high frequency trader can then race ahead of that investor to the other exchanges, buy up all available shares, and sell them to the large investor at a higher price. changing reg nms so that investment firms are no longer legally required to take the high frequency trader's bait is an early, clear, first step to cleaning up the worst high frequency trading practices. another key tactic used by high frequency tr

where you're looking or generally along that so-called arc, one was the pings, and the other was the nmen all of the calculations, all of that and are you sure and confident that that plane is still >> we've seen all the data. we've seen all the calculations. we currently are reviewing the calculations and also developing our own model to cross check and verify that information and envelopes. we remain very confident as do all the experts that the arc with the seventh ping is close to where the aircraft will be found but a very long arc. we're very confident that the aircraft turned south so the aircraft will be found in that arc in the indian ocean. >> so, the bottom line is when you said it turned south, when you talk about you believe it's still on that arc but you describe that arc as long, how big is the area now that you're looking at as a possible final resting place for mh-370? >> we're still completing the review and analysis of the satellite data and other information, including areas we have excluded from the search. at the moment we haven't excluded any element of the arc th

brat, makes this more of a wide open contest than it would have been if the nm kn nominee th nomineemr. brat and his wider significance, obviously, i said this earlier tonight. i don't mean to be overstating it. he is a bit of a dragon slayer having taken out the house majority leader after being outspent 5-1 here. what extent has mr. brat been embraced by tea party factions or larger republican interest groups, or conservative interest groups in virginia. has he been kind of a stand-alone guy, running a stand-alone campaign or part of a larger movement that has embraced him against the republican establishment. >> he has been embraced by the tea party movement. what's interesting about this is -- up until today, every publicly available poll suggested dave brat was going to draw 40%. everybody was saying -- that in and of itself would bea victory t if he was able to deny, eric cantor from the threshold. we have the stunning outcome. not only does he get over 40%. he topples eric cantor by a margin. he has been embraced by the tea party. there were signs this might happen. though any

changing nms so that they are no longer required to take the high frequency traders bate is the first step to cleaning up the high frequency trading practices. another key tactic is colocation. this practice involves trade firms. l receiving information as fast as possible. investors that don't buy this direct connection to the exchanges receive market data via a government established system using out-of-date technology called the securities information processor that compiles market data much more slowly but as experts told the subcommittee there's no reason why public data feeds while the securities information processor can't be improved so thaer effectively as fast as private data feeds acquired through colocation. updating the feeds is another helpful measure that can be quickly adopted to sure up consumer confidence in the market. in addition to high frequency trading, flash boys also described how stock exchanges also pay rebates as senator levi nirks poi n pointed out. that rebates called maker taker payments create an apparent conflict of interest for the stock brokers who m

that will keep temperatures inland nms you are in lake county. you will get 80s. otherwise, 50, 60s, 70s. fog, sun, breezy, windy. below normal temperatures. don't see much of a change until later in the week. today, temperatures on the cool side for many. here's sal. >>> we have a sleart on highway 4. i have a map westbound highway 4 as you come up on bailey road. a motorcycle crash and traffic is backing up into pittsburg and antioch. watch out for slow traffic in this area. i want to switch to the eastshore freeway here between the carquinez bridge and the macarthur maze. you can see traffic is backing up for a 26-minute drive time. your average speed is 45 miles an hour. bay bridge toll plaza, 25- minute drive time as you drive through there. there are no major problems. you will see a lot of slow traffic in the area. livermore valley, 580 westbound, we have another one of those commutes, that's becoming kind of the norm with the drive time up near an hour between grant line road and the 580/680 interchange. it's 7:02. back to the desk. >>> we begin with devel

apologies for all of the things he did to create jobs of all kind and to have an environment in which nmpects of the affordable care a actbl it appears that once you n higher up the ladder that landsh on businesses thatt they are ru reluctant to hire given the and uncertainties of the program. di that's very difficult for people who are on welfare programs that are trying to help low income people to get into jobs because sometimes those jobshi are discretionary hires.ey m they may not really need them oy may not want to definitely to t but they need to have an nviro environment whernme they're comfortable, happy, positive about hiring people of all kind ofth skills.ave i think we don't have a lot of n that in the country and that's part of the reason why people are not in. in thankfully a significant ifican increase in the minimum wage up to $10.10 nationwide regardless of the economic circumstance in a particular area is not helpful to encourage their employment.sn that's another tidisincentive t, hiring. >> one minute.provid provider competition. this is something i'm very enamoredore

introducing the world's first curved ultra high definition television from samsung. 7u]k;m;ztg=olsm>ñmnderstanding. >> and god told me to start praying for him. >> that you should pray for -- >> art ream. >> art ream? >> yes. >> this man accused of abducting and killing your daughter the way this prosecutor described? >> yes. yep, he told me that i need to pray for him and forgive him. >> and cindy's father was about to show mercy to his daughter's accused killer in court too. because of a dramatic event right before closing arguments. art ream was talking a plea, courtroom top secret. >> they cleared out the courtroom, told us all to leave and i just happened to notice that the judge said to one of the bailiffs, you need to make sure that the entire back room is cleared out, nobody can be in my chambers, nobody can overhear this. and then i put two and two together. >> amber hunt figured it out and would later be the first to report that an 11th hour plea deal had been in the works. lawyers from both sides and the zarzycki family were summoned to judge's chambers. >> we want to talk t

disark -- nm lanza, the young man who killed 20 six and seven--year-olds in new town. we can pick apart the decisions, a very legitimate critique sometimes, that the rodgers parents made or adam lanza's parents made. but the reality is that elliott r00. dgrodger was in and out. adam lanza had been identified with a severe mental illness and his mother was trying to find treatment for him. and we need to do something to improve our mental health system. we have closed down 40,000 mental health inpatient beds in the last six years alone. the needs of those with mental illness are skyrocketing. we know the waiting times for young adolescents to see a psychiatrist is far too long. so we need to make massive investments in our mental health system. but the law can help as well when it comes to guns. the fact is that adam lanza should have never been able to possess the high-powered weapon that he did. had he walked into the school with a different weapon instead of a semiautomatic rifle, there would still be children alive today in the minds of many of those parents. and it

we negotiated with them for some months, nm march of 2012, when they walked away.ext to all of this, to have the taliban disassociate themselves from international terrorism. to open an office where afghans could talk to other afghans about the future of other afghanistans and very importantly, to try to get sergeant bergdahl back. he was always on our mind. i thought the taliban missed a big chance in the spring of 2012 by walking away. >> as you point out, the context is important. the major similarity here, we are talking about those five same guantanamo detainees, five members of the taliban. it would have been different. instead of us taking the five and sending them to doe ha, it would have been where three would have been released and if they behaved, the other two would have been released. >> if we would have been able to make an arrangement. this administration was faced with different law and time and arrangements. they got this video early in january which was very disturbing to them. the other thing was, by the time the taliban had walked away from our

nm t gf sore de i ow ou sse>> leil.as witomadlineno er mor recalling more than 3 million additional cars and it's all related once again to the ignition switch problem that gm first identified back in february. tom costello is in washington with more. tom, good morning. >> reporter: hi, natalie. same problem, different car. gm says it will rework or replace the keys to 3 million cars in the u.s. to keep them from shutting down the ignition, steering, as well as the brakes and air bags. it's the same problem that gm admits caused at least 54 crashes and 13 deaths in smaller cars and led to the recall of 2.6 million vehicles in february. now the new recall involves another 3.1 million cars in the u.s. most of them older models. gm says it needs to urgently rework the keys. here's the problem. the cars come with a key that has a big hole or slot. if that key is carrying too many extra keys and gets jostled, it can knock it out of condition. >> losing power steering, power, brakes, air bags, that is serious. and it not only