Their hoepspes on a turn around strategy. Propping up the smi after Quarterly Sales beating forecast. Theres no stopping the rally in asia. The nikkei set to close at 20,000 for the first time in 15 years. Of course a top story today that we have. Good morning, everybody. British authorities arrested a 36yearold man for contributing to the 2010 wall street flash crash. He earned 40 million from market manipulation between 2010 and 2014. Theyre seeking his extra extradiction. Hes expected to appear in court in the next hour. Wilfred is joining us outside of court. Lets just update you on what we know. He is from near heathrow from the west of london. He was arrested yesterday. He was arrested based on charges filed by the department of justice in the u. S. Calling an investigation from the cftc. Commodities and futures trading commission. Those were filed in february and they have been published because he was taken into custody. One count of wire fraud, ten counts of commodities fraud
I have long believed together with others that reducing tax, cutting regulation, that is not enough. We need a mortgage strategic, a modern approach to maintain and develop our global comparative advantage and to get out there and make the most of it. We need what i call on modern industrial strategy. Not keeping dead industries on lifesupport, but supporting industries where we have a Competitive Edge and incur highgrowth industries of the future. Creating an ambitious, coordinated and muscular approach to government that allows them to flourish. Let me give you a couple of examples. We have a comparative advantage and pharmaceuticals, health, and life sciences. In health, through the life science strategy, we have created a environmentalist catalyst fund. Our actions are drawn millions of pounds of new investment from the private sector. We have great resources common knowledge, and expertise in energy. In energy we have created 1 billion pounds for capture in storage, one of the key
Will take a look at those numbers in just a few minutes. Were starting out the morning with a partly cloudy conditions. It will be a bit warmer today than what we saw yesterday. Will take a look at the visibility and give you this coming up. We are pushing closer to the peak of their morning commute and we are still seeing pretty light conditions. The bay bridge toll plaza is backed up once again. No accidents to report is to slow traffic. If you should have on an extra seven minutes. The rest of the bay area rose look good. It is still pretty smooth and easy and no incidents to report coming out of the north bay. Overnight a strong earthquake jolted the northeastern part of the country this morning. A 7. 3 magnitude earthquake struck in the Pacific Ocean are around 518 local time. That is around midnight here in San Francisco. The usgs says the earthquake struck about 200 mi. Off the coast of japan. The epicenter was about 6 mi. Beneath the seabed. And here is video from youtube when
Dagen very big overseas. Connell we will talk to jo ling kent in a minute. Good morning. Volatility has been what we have seen recently. We are still in nonvolatile time. Right now we are seeing a pattern with lots of green arrows across the board. The Dow Jones Industrials up. Almost a half of 1 . Just like the tech heavy nasdaq. The s p is getting walmart with some tough numbers out. Back to you. Dagen whats app. That is how you are supposed to say it. Connell some mixed reviews from the analysts. 19 billion is what facebook is paying for what app. According to early investors whats app adds 1 million users every single day. The stock is actually down 2. 2 . They see a higher costs and delivering engagement. Theyre taking a more positive stance. The strategic rationale is sound. Here is something i loved researching. He tweets hear all about it. It is amazing how things change. It is. Tac is something a lot of people are talking about. We bring Michael Bloch in. Good to see you. What
Hes going to upgrade amazon in six minutes. 30 seconds later, i made about a halfMillion Dollars. Narrator to information brokers. They told me they were going to arrest everybody. Narrator to sac capital. Arrested fund managers. Doesnt matter who you are. Rules are rules, and the law is the law. Narrator tonight on frontline, to catch a trader. Frontline is made possible by contributions to your pbs station from and by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant, and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation. Dedicated to heightening Public Awareness of critical issues. The wyncote foundation. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. Narrator november 2010. A team of reporters at the wall street journal was finishing a m