the thomson reuters deal opened a lot of eyes.ople did not realize that two seconds was enough to move the markets. since they shut that down, the markets are not moving when they release the consumer confidence studies anymore. we have got to get this right. >> are you getting the cooperation? >> we are talking to a lot of people and people are coming forward with interesting ideas. things we can do differently in terms of smart regulation? whether we're talking about implementing the volcker rule or dodd frank, it seems there are robots and to the regulators are not arms, do not have the skill set -- >> or the funding. regulate funding to these entities? >> what is happening in washington is ok. i wish it was faster. -- what is happening in washington is opaque. >> this is the way that the market is set up. >> we are living in an era, taking a breath where the nostalgic world of traders scrawling on pieces of paper, gone, never coming back. some folks in washington are moving faster than others, but i look forward to working wit

they bought thomson reuters. they give you pr advice.is they do things for companies involving information, providing them with market information that is moving them away from the notion of a traditional market. we should point out they still match buyers and sellers of stock. adam: that is where they make their money. >> that is much, that is commodity advertising business. that is becoming, there is competition from all the dark pools and all these other players that are out there. also listing, if you think about it, nasdaq doesn't get paid that much for its listing. it is paid 50 grand a pop. there is lot of infrastructure and a lot of marketing you have to do for that stuff as well. if you look what greifeld has done, this is what i'm getting from people inside nasdaq it is moving away from traditional market business, information processing gathering something to help companies with market information to provide, providing was the word i couldn't think of, that is what it is, that is where they're moving toward. less of a stock ma

thomson reuters consumer index fell to 79.9 from 81.6 in february.holesale level fell by .1 of a percent. the index was dragged down by falling costs of services. david: shares of general mills, maker of cheerios which i grew

preliminary thomson reuters university of michigan index was down from expected 82 level. >>> two ofld's atms could be at cyber risk. microsoft is inding support for windows xp in april, the software that runs 95% of the 2.2 million atm s in use. since only a third have been upgraded. microsoft will protect against hackers but pass costs on to banks. that is the latest from the fox business, giving you the power to prosper. adam: we got the latest for you in the target data breach scandal. the retailer now admits it did not take immediate action when its security software first detected ma like sus activity. target was warned by an outside security company on the saturday of thanksgiving weekend that an attack had been launched and investigatings judgments made by the security team. upward 100 million people had personal information stolen during the weeks long cyberattack. cheryl: you used to have to be a real estate inend to get your hands on mls listings. one startup is look tock change all that. new habitat is looking to give you the inside scoop on homes. we're joined by the fou

according to thomson reuters ipo activity is driven by the u.s.als $7.6 billion sips january 1st. >>> sony signs a deal to sell the former headquarters in a nearby building in tokyo for $760 million. as the tech giant restructures its business which include cutting 5000 jobs worldwide. >>> average tax refund up 3% from one year ago. the irs paid out 48 million refund at an average of $3034 per return. >>> hewlett-packard launches an eight-inch android tablet for 110 bucks in the new device available for purchase on the company's website. >>> new york city venture capital investments topped one billion dollars so far this year. the city is on track to post its best quarter in it history 98 companies raising $1.3 billion. [buzzer] that is speed read, david. david: biotech on a tear. compared to 1.5% gain for the s&p this year. this rapid rise in biotech. talking about overvaluation. is there more room to run and if so how should you play it? joining us is piper jaffray's senior biotech analyst and managing director and number two ranked analyst in t

the thomson reuters university of michigan consumer sentiment index dipped to 80 this month from 81.6 in february. david: u.s. safety regulators closed an investigation into several fires in tesla model s cars. regulators determining the incidents were not likely to become a trend. tesla's stock moving 2% higher on that and other news as we just mentioned. sandra: shares of cbs outdoor made a strong debut after the company's ipo the billboard advertising company now trading as a stand-alone business after being spun off from the media giant cbs. "after the bell" starts right now. david: by the way, i'm noticing right now, more news on this tesla deal with the governor of new york andrew cuomo. he says the state's car dealers will allow it to keep five existing company-owned stores, as long as it doesn't open more direct sales outlets in the state. so it's a limited victory for tesla but definitely a victory. let's break down all of today's market activities. the dow is up 58 points. we have rob stein. he will tell us which three sectors of the economy stand to grow. gary goldberg fina

thomson reuters consumer index fell to 79.9 from 81.6 in february. liz: producer prices inflation at wholesale level fell by .1 of a percent. the index was dragged down by falling costs of services. david: shares of general mills, maker of cheerios which i grew up on, fell after the company said third quarter earnings would fall short of analyst estimates. the food giant facing a lot stronger competition. liz: general motors pushing back against a new analysis that suggests more than 300 people, not 13 or 10 people, more than 300 died when airbags on two recalled models failed deploy properly. gm saying that the report commissioned by a private watchdog organization is not conclusive. david: billionaire warren buffett's berkshire hathaway fighting a familiar shareholder proposal for the firm to pay, quote, a meaningful dividend. berkshire saying stockholders should vote against the idea at the annual meeting in may. liz: he would say, overhis dead body will he pay a dividend. he said that in the past. and the u.s. and russia remain as far apart as ev

there was a situation we dealt with last year where we found that thomson reuters, which releases surveys of consumer confidence, was giving a two-second edge to an elite group of subscribers, and in that two seconds, the high-frequency traders were able to move the market in their credit. they stopped doing that. there are situations where there may be illegal conduct, and we're looking at it under new york securities laws. >> but the average investor hears this report and hears the stock market is rigged and you say you're not sure whether it's illegal or not. what are you going to do? >> well, two things. one is we're shining a lot on this whole problem. that's why we started talking about it over a year ago. i think mr. lewis' book will help us shine a light on this problem. there's two things we have to do. one is, we have to investigate in the commodities future trading corporation, the s.e.c. has to investigate whether there is currently anything illegal. the second is this clearly requires new laws and reforms to catch up with the changes in technology. >> who's doing this? who ar