made here in a very short amount of time so why has this happened before yes actually in june thomson reuters released i have manufacturing data about fifteen milliseconds earlier now in high frequency trading world that's a lot of times that we're actually able to to use that data beforehand and i have some said that they were trying to fix that mistake and we're working with thomson reuters ok and there are other firms who are actually selling their data as i understand is that the case so while i have some doesn't sell it releases that. actually at ten am other places like the university of michigan with their consumer sentiment index they actually sell their information to clients out of time so if you want to pay a certain amount of money you can buy it and you can buy it two seconds before it's released to the public in two seconds again is an upturn in d.c. or high frequency trading right now this is actually more of a more ality issue i mean there's nothing illegal about doing that right whereas i assume when i talk to them on the phone today they said they felt uncomfortable releasin

the market when in fact they were just front running so here that the story is suggesting that thomson reuters was feeding them again the few milliseconds it only takes a few milliseconds before they confront him on the whole market let me explain from running for the global audience in particular americans imagine there's a donor glazing machine and through it like krispy kreme and through the done it and they're going to put a nice layer of sugary glaze you have advance knowledge and you can put yourself on the conveyor belt and actually open up your job like this one of you catching this on the on the yeah and you can front run the sugar pouring out of the free machine . so you actually front running is you know you're drowning you're soften the free sugar before anyone else gets on the doenitz ok americans do understand that means destroy a big fat and stupid because you're front running your own donut shops you should call they don't change the cake. i'm going to start my own chain of topples don't it shops. hope it's going to put you know its importance up there encounter they've got a d

twenty four billion dollars worth of shares and bought less than fifteen billion according to thomson reuters data so again either mama papa right or george soros and the company insiders are right only one of those guys could be right with the right to market setting the new all time low margin debt high that borrowed money which is always a sign of a top it's also been in a quote unquote bull market for a number of weeks that corresponds to the average length of a move in the market so that's rolling over and at the same time you've got now the bond market has peaked in the last twelve months the yields it those incredible lows yields are starting to move up and rising ills of course are the headwind that stocks cannot overcome and that looks like it's to increase well you talk about record margin on the market well over in the housing market remember where we're hearing the propaganda that housing in america is in a recovery and it's all because of mom and pop the ordinary investor is able to participate homes are now affordable thanks to the zero rates from the federal reserve well the ac

we have thomson reuters senior research analyst. all around brainiac.. >> thank you, ashley and thank you, liz. liz: first discuss how we've done. 90% of the companies have reported. what do you think temperature gauge really is? >> and, that's really interesting, you're right, 93% of the companies have reported so that is a large part of second-quarter earnings behind us. and it is really two stories that we're seeing here. one is of course, the headline. companies have beat earnings estimates but that is not the whole story. earnings estimates have been brought down quite a bit before the beginning of the quarter. in fact if you take the beginning of the year earnings estimates were 8.4% for the whole quarter. those were brought down to 2.6 at the beginning of the quarter. companies managed to beat that. now they're in at 4.7 for the second quarter. so yes, they did beat those estimates but they beat severely lowered estimates some that's really the story of the second quarter. ashley: all right. well, sri, let me jump in here. you were on the show in

marilyn thompson, era chief for thomson reuters. camilo day, a host and reporter with voice of russia and a blogger for the washington post sheet the people blog. politicalm, a reporter with the houston chronicle and a former national press club president. [applause] it seems now like the whole country was washing when our guest today literally stood up for her beliefs on the floor of the texas statehouse. for 12 hours, she filibustered a republican sponsored abortion bill on her feet without being able to sit, lien on her desk or drink water. that act temporarily blocked the abortion bill and made texas state senator wendy davis a hero to liberals and pro-choice activists. senator davis is no stranger against the odds. she began working after school when she was 14 to help support her single mother and three siblings. by 19, senator davis was a single mother herself working two jobs to make ends meet in hopes of creating a better life for her young daughter. she eventually enrolled in community college, a journey which led to harva