Bret taylor is here. All of that is ahead on bloomberg west. To our lead. The biggest interruption and stock trading in two years. The New York Stock Exchange shut down for hours today on a Technical Glitch. There is no indication of a breach. Orders were forwarded to other exchanges. The exchange opened the head of the closing bell. Big concerns about china and greece, a selloff. Was the malfunction a natural outcome of highfrequency trading. I am joined by cory johnson. Matt miller and cohead of equity trading, as well as joe greco. Walk us through what happened. At 11 32 a. M. They have proms with the Financial Exchange system that it uses to allow buyers they had a problem with the Financial Exchange system that allows us to speak with buyers. It didnt work and they had to stop trading. They canceled all orders, sent them back to brokers. They did not reopen until three hours 40 minutes later at 3 10 p. M. It was the longest halt on the New York Stock Exchange for a Technical Glitc
All of that is ahead on bloomberg west. To our lead. The biggest interruption and stock trading in two years. The New York Stock Exchange shut down for hours today on a Technical Glitch. There is no indication of a breach. Orders were forwarded to other exchanges. The exchange opened the head of the closing bell. Big concerns about china and greece, a selloff. Was the malfunction a natural outcome of highfrequency trading. I am joined by cory johnson. Matt miller, and cohead of equity trading, as well as joe greco. Walk us through what happened. Matt at 11 32 a. M. They had glitches with the Financial Exchange system that it uses to allow buyers they had a problem with the Financial Exchange system that allows us to speak with buyers. It didnt work and they had to stop trading. They canceled all orders, sent them back to brokers. They did not reopen until three hours and 40 minutes later at 3 10 p. M. In my experience, it was the longest halt on the New York Stock Exchange for a Techni
All of that is ahead on bloomberg west. To our lead. The biggest interruption and stock trading in two years. The New York Stock Exchange shut down for hours today on a Technical Glitch. Saying there is no indication of a breach. Orders were forwarded to other exchanges. The exchange reopened ahead of the closing bell. Big concerns about china and greece, a selloff. Was the malfunction a natural outcome of highfrequency trading. I am joined by cory johnson. We have matt miller, and cohead of equity trading, as well as joe greco. Walk us through what happened. Matt at 11 32 a. M. They had glitches with the Financial Exchange system that allows us to speak with buyers. It didnt work and they had to stop trading. They canceled all orders, sent them back to brokers. They did not reopen until three hours and 40 minutes later at 3 10 p. M. In my experience, it was the longest halt on the New York Stock Exchange for a Technical Glitch i have seen. Although it has happened before and they have
Hear from anyone, stocks are cheaper. When you see stocks that help with the dow gain 41 points, s p inched up. 07 something is afoot no im not saying things cant go down from here, item saying somethings happening that weve gotten this elevated to begin with what go i mean when i say stocks could be less expensive than they appear today . It has to do with the future of earnings and what were seeing so far this morning Johnson Johnson which has the best balance sheet, report a blistering numbers of pharmaceutical sales of 15 i department that from a Bio Tech Company when you look at Johnson Johnson, this stock sells for just 18 times next years earnings estimates how does that make any sense cole gate much cheaper growth sells only has a fraction, sells for 24 nelson pelts the investor who lost the election is upset that the Largest Consumer doesnt innovate anymore, it trades less than j j i just think theyre expensive and j j is ridiculously cheap. How about United Health group . We
Three weeks ago islamic militants killed more than 40 people in a palm sunday gathering. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Caroline im caroline hyde. This is Bloomberg Technology. Tech hit new records, dominating the worlds most valuable list. Will the earnings euphoria hold . Two tech firms make their public debut with two very different performances. Is the market getting too hot to handle . Approachest trump his 100th day in office, we will discuss the policies that had the biggest impact on tech, immigration, and tax reform. First, to our lead. This week has been filled with earnings from tech giants like amazon, alphabet, microsoft, just to name three, all of which have hit record highs this friday trade. Alphabet reported thursday and showed the mobile boom is finally risking profits as google benefits from the surging clicks on smartphone ap