World. But today most trading in stocks is done elsewhere by Robot Computers that buy and sell in microseconds, faster than you can blink an eye. And the computers have done so well that some institutional traders have come to believe that the game is rigged. Are humans ever involved in the trading . Humans are not involved in the trading because humans are way too slow. [ticking] there are close to 850,000 of them in the United States, twice the number of atms. The new slot machines, the Main Attraction at casinos, are like hightech video games. And states across america are increasingly relying on them to raise revenue 38 states and growing, including pennsylvania. But the former governor ed rendell didnt appreciate some of our questions about it. You guys dont get that i do get it. Youre simpletons. Youre idiots if you dont get that. Welcome to 60 minutes on cnbc. Im steve kroft. In this edition, we look at the world of big deals on wall street and in las vegas and examine the impac
Its the buzz story of the morning. Heres the question blowing up on social media. Take a look at this dress. What color do you see . Bring that closer. I saw gold and white. What do you see joe. Gold and white, yeah. If you think it is a simple answer just try polling your friends and family though. Some say gold and white. Others say black and blue. This whole thing started yesterday when a scottish musician posted a picture of the 77 dollar off the rack dress on tumblr and then it went viral. It broke the traffic records viewed 21 million times and counting. Celebrities sports stars and many others weighing in on social media as well. Kim kardashian tweeting what color is that dress, i see white and gold. Kanye sees black and blue. Who is color blind. Well tell you what taylor swift and others have to say later. Thats our lead. Thats interesting. Whaen when are we doing the llama story . Both of these stories make me think it scares me. That were talking about this too. Yeah. But fir
Tomorrow. Jpmorgan, bank of america and goldman and citigroup. Can Investors Bank on the banks . Good question. We begin with the biggest retailers. Target and gap are under fire for staffing practices. More on this developing story. Give us the latest. New York Attorney general has sent letters to 13 retailers, including jcpenney target and gap and others asking for information and documentation about staffing procedures as it pertains to on call shifts. The new York Attorney general said the receives reports about these 13 retailers and specifically wouldnt elaborate further. According to the letter they have phone or email systems set up where employees find out shortly before their shifts whether or not they need to come in. If they are not needed they are not paid. They said reporting for work shall be paid for at least four hours. Further, the ag said the scheduling practices make child or elder care arrangements difficult and in addition when it comes time to finding time for al
Suntrust Robinson Humphries says the stock could nearly double in the first year after the twitter ipo. Adam Warren Buffett got a 10 billiondollar pay day by investing in Blue Chip Companies during the financial crisis. That is according to the wall street journal. Liz bigname investor phil falcone is barred from new yorks Insurance Industry following a settlement with the sec that prevents him for working in the securities business for an entire five years. Adam World Bank President Robert Zoellick is returning to goldman sachs. The latest example of resolving door between the government government sachs and wall street aft after the bell starts right now. Liz you would hardly call it a correction. We had a light day on wall street. Lets break down todays action my cox who says stocks may be heading lower if the stalemate continues. Mike gerka in the pits of the cme. Mike, give us a sense what is going on today. I dare say, 136 for the close. 136 lopped off the dow jones industrials,
Have beenory we following, which is a rough start for ups, not a rough start, but a rough finish, for ups and amazon. Com. Joining us. Is how did ups miss its shipments . This itsd ups shipments . Itself,ad braced rejecting it would ship 132 million packages go bully during the week leading up to christmas. It did prepare. It added 55,000 our time holiday workers. At least 23 extra jets its trucking fleet to keep up with at least 23 extra jets and increased its trucking fleet. This would seem to be good news for Holiday Shopping numbers overall. It is not good news for ups. Amazon is squarely placing the processr ups saying, we the deliveries and did our part. Something failed after the packages of our warehouses. Clearly, something failed. They have got to get to the bottom of it. Amazon and other retailers are reacting in what ways . Gift cards offering and Free Shipping on wednesday packages get there. They should be there in the next couple of days if they did not arrive on christm