investigators are prepared to follow any logical leads they develop as they investigate here well beyond thomson reutersnto other unfair market advantage based on timing disparities in the market. now, as you say, thompson reuters announced late last night it would suspend its early release of the university of michigan consumer sentiment data. here's the statement, though, from thomson reuters. they said they've done this at the request of the new york attorney general, but they also say that thomson reuters strongly believes that news and information companies can legally distribute nongovernmental data and exclusive news through services provided to fee-paying subscribers. so thomson reuters there defending the overall practice here in general. eric schneiderman, however, disagreeing with that in his statement today. here's what the new york attorney general has said. he said the securities markets should be a level playing field for all investors and the early release of data undermines fair play in the markets. now, bill, i should say that this broader investigation beyond just thompson reuters cou

of michigan survey of consumers after thomson reuters this week suspended its practice of releasing the data early to clients that paid out several thousand dollars a month extra so if they can't cheat these high frequency trading firms are not participating only two thousand less than two thousand contracts traded in that two second gap which which they used to get previous information early during that time used to be tens of thousands of contracts traded this time the first time in years that they haven't received the data early they didn't participate they didn't want to there was nobody in front run they didn't have the privileged information the insider information so that there was no liquidity no volume goldman shrugged. no inside information i'm not going to participate there the movie the sting was all based on getting the race results the head of the actual race results and making bets that were guaranteed to win or lose here thomson reuters is telegraphing the results of their market moving news ahead of the when the news is reported so that friends like allman sachs can

the statement from thomson reuters saying, thomson reuters strongly believes that news and informationxclusive news through services provided to fee-paying subscribers. review what they were doing here. this is university of michigan consumer sentiment data, often market moving data that comes out from the university of michigan, coming out from them for decades. thomson reuters pays the university of michigan about $1 million a year for access to that data. they sell it early to paying subscribers at 9:54:58 a.m. and at 9:55, two seconds later release the data to a broader group and public at 10:00. that tiered wrelease system is what's at issue. thomson reuters will suspend it for now as they wait for the review here from the new york attorney general. carl? >> eamon, thank you for a story you've been all over from the beginning. >>> straight ahead, the man who is telling investors to wake up and smell the taper. jpmorgan's chief economist michael feroli. business when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and globa

thomson reuters announcing it will suspend the early release of market moving data after regularities, amo no. >> they will suspend that. thomson reuters saying it still defends the conduct and going to suspend while this investigation is going on. they're saying they strongly believe news and information companies can legally distribute non-governmental data and exclusive news through services provided to fee-paying subscribers and schneiderman says the securities markets should be a level playing field and the early release of market moving survey data under mines fair play in the markets. a real debate over whether this policy by which thomson reuters released this market moving university of michigan consumer sentiment data tw on seconds early for high speed traders to take advantage of an expected market pop is journalism or market participation market participation on one level or another. fascinating series and thompson reuters saying it will suspend while the investigation is ongoing. from my information this, investigation is fairly broad and keep and extends beyond just thom

financial news provider thomson reuters is among the companies under investigation. the agency is suspending its early access of the university of michigan sentiment numbers to high- frequency traders. the survey was being released every other friday at 9:54:58 am to high- paying subscribers, 9:55:55 to regular subscribers, and 10:00 to the general public. it's not a huge difference, but in trader-world it can mean millions of dollars in profits by having an early clue into which direction the market is likely to move on the news. greece is back on the brink. the struggling nation has until july 19th to prove it's committed to job cuts and a new tax code, otherwise a much needed $3.2 billion bailout will not happen. demonstrators have been rallying in the streets of athens against budget cuts and layoffs. greece has been in a financial free-fall for the past few years. however, economists believe the bailout, along with reforms, could translate into economic growth in 2014. significant payouts following damaging floods in europe in june - but not as much as first pre

first up, thomson reuters will no longer distribute results for consumer surveys early to clients whoanced access. the news and business information provider will begin distributing results simultaneously this friday. >>> shazam announce as 40 million-dollar round of funding led by mexican multibillionaire carlos slim. shazam is mobile app that instantly recognizes songs and tv come americaals. >>> institutional shareholder services recommending that dell stockholders should vote for the buyout deal to take the computer-maker private. that will improve the odds of winning the vote slated for july 11th. >>> eliot spitzer, yep, is returning to look to get back into politics. he resigned ain 2008 amid a call girl scandal and is bidding to become comptroller of new york city. >> microsoft is pulling the plug on msnbc. they are shutting down the interactive tv service september 30th that is today's "speed read." [buzzer] liz: good news for the housing market. shows mortgage delinquencies have seen the largest year-to-date drop in 11 years. ashley: that is encouraging. peter barnes from see

. >>> thomson reuters twitter account was hacked by syrian activists.ckers calling itself the syrian electronic army post ad series of political cartoons and depict the war in syria. >>> company announced plans to add a button to report abusive tweets following an online petition campaign urging twittory make changes. that is today's "speed read." liz: who will decide what is annoying. david: good point. one person's annoying is another person's exciting. >> securities & exchange commission chair mary jo white getting grilled by congress. the senate banking committee questioning her progress writing new financial regulation and commodities trading by big banks. david: peter barnes joins us from the nation's capitol with all the details. when everybody said she was appointed. she would be controversial. indeed she is turning out to be so? >> she is getting good start out on this front. the sec is looking to update insider trading rules for commodities markets, david and liz, in that hear today. this follow reports that jpmorgan chase and goldman sachs ha

liz: sri rahman, of thomson reuters, 80% success rate.all his picks and defeats on our foxbusiness.com -- facebook.com/afterthebell page. good to see you. >> thank you. liz: we have yum earnings. ashley: we do. go straight to joe lien kent, on yum brands. kfc, pizza hut, taco bell. what do they say? >> beating expectations of 54 cents a share. revenue came in at $2.9 billion. a very slight miss on 2.93 billion we were expecting. what is interesting here, china sales were down an estimated 10% in june. now that might sound bad but it is actually better than the 20% decrease we saw in the first quarter. also yum brands is saying their china division same-store sales are expected to continue to recover. they say by the fourth quarter they want to see positive numbers there again. also quarterly same-store sales here in the u.s. grew by 1%. liz: we have the stock moving higher on that news, not by a gigantic jump here. but again they are saying that things are improving. the worry about the extensive media surrounding the asian flu crisis is

while those with less than half have grown only 1.6% according to thomson reuters. barclays says this is an emerging trend to watch as it shows evidence earnings are becoming increasingly reliant on domestic demand. general mills, costco, verizon, and csx corporation generate more than 70% of revenue from domestic operations and have reported a jump in revenue. oppenheimer says it's advising investors to stick with u.s. centric stocks because of the relative strength in the u.s. economy. risk aversion among thorn investors and the likelihood that any european economic recovery will continue to trail the u.s. by one to two years. to see if this trend continues, analysts will be watching netflix, ryder, ford and eli lilly which make a significant amount of revenue in the united states as well and report earnings next week. >> seema, you cover nasdaq for us. two of the big nasdaq names, microsoft and google, had their own little issues. speaking of thorns in the earnings patch. >> absolutely. >> yesterday. they had misses. both stocks down today. microsoft having actua

this is according to thomson reuters.than ever are hanging on to their cash. $933 billion by companies on the s&p alone. what does that tell you and shouldn't these companies be putting this cash to work now? >> well we've seen some companies put some cash to work. the durable goods number, the business capital spending portion of that that we saw earlier in the week was pretty decent. i think that is going to accelerate modestly. i think there is a lot of uncertainty out of washington. companies don't know, what are my taxes? what's the regulation going to be? how much is it really going to cost me to hire new employees? so that uncertainty and just the fear that the economy's going to roll over into recession which they have been afraid of for the last three years, all of that has made these companies hold on to more cash and i think it is only going to be trickling out slowly over the next few years. you're going to see it increase but just not a surge. they need more confidence in what is coming out of washington. ash