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
It is. We will be talking to Carmen Reinhart about it at 8 45. Stephanie greece has had deadlines before. European leaders gave a greek Prime Minister Alexis Tsipras, until midnight tonight. They want more spending cuts before agreeing to a bailout. Greece will not get special treatment. We remain fully engaged in order to help find the solution that will be most conducive to our mission, to try to help with restoring stability, growth. Stephanie wieters can decide how to respond to the greek proposal. Greece has extended capital controls through monday. In china, stocks bounced back after losing more than one third of their value in one month. The best marked shanghai composite index rose 5. 8 . Steve engle has the story from shanghai. Steve confidence and liquidity returned thursday as stocks rose the most since 2009 on a trifecta of announcements from authorities, including on the curates regulator, banning major shareholders from selling for at least six months. The banking regulat
Governments. Computer says no. A Technical Glitch holds trading for more than three hours. Raising tensions on wall street as details on the outage remain unknown. Air france lands a deal with dutch pilots over pay and benefits clearing the way for its restructuring plan. Hi everyone. Im seema mody. Coming up on todays show movers and shakers as some of the biggest names in business gather in idaho. Well discover what black bustockbuster bids are in the work. Plus would you turn down 30 murder in the Second Degree for a business idea . Well show you what happened with the creators of a dating app appeared on primetime. Chinese security regulator stopped large shareholders from cutting their stake. The ban will last six months with those not adhering to the rule facing punishment. Its up 5. 8 . Martin has the latest for us in singapore. Thanks a lot. Wilfred good morning. Thats the big story here. Limiting big shareholders. 5 or more from selling out for at least six months. Thats the m
Philadelphia tuesday to address the naacp convention. On thursday, he will be the first sitting president to visit a federal prison. Hell tour the el rino federal correctional facility outside of Oklahoma City and discuss changes. We want to begin with this wall street journal headline. New hud rules. The government can withhold moneys from communities that fail to address segregation issues. We want to get your calls as to whether or not you support or oppose this idea. For those who supported we want to begin with this sunday morning editorial from the New York Times. Here is what it says. Thene end of federally financed ghettos. The Supreme Court issued an important ruling what it reminded state and federal government that the fair housing law bars them from spending federal housing money in racial segregation host tell us what you think about these new housing rules put in place by hud. Laura kusisto is following this for the wall street journal. Thank you very much for being with