Hello. Welcome to countdown. I mark barton. It is 6 00 a. M. Thursday morning. On the pulse, check out our interview to talk about the swiss watch industry. The new York Attorney general has begun a lawsuit against barclays. Alleging the bank lied to customers masking the extent of highfrequency trading. Markets editor manus cranny is here to explain. Before we get into this. What are dark pools . Why do they use them . They have evolved. It is like a private trading venue. It is where institutions can go to execute highend sell orders without talking about which side they want to be on. Otc, referred to as overthecounter, hence less regulation. Is less transacted. What is at the heart of this lawsuit . Word, lies. Lies and fraud. This is under the martin act. Barclaysing that pursued the growth of the dark pool regards of Everything Else around it. They wanted to catch up with credit suisse. They lied about affecting them. Our complaint alleges that this marketing a protections was fa
Range, between 2. 85 and 2. 9. Europe seeing red this morning as well. Year over year core inflation fell in the eurozone to. 9. The last fed meeting of the year kicks off today. Stocks look to stay in the green and continue the rally. Boeing authorizing an additional 10 billion in share buybacks over the next two to three years. Facebook is getting into the video ad game. They plan to start selling video ads that will automatically may in users feeds. And jim cramer will talk to the coceos of whole foods this hour. The s p snapping a foursession losing streak. The feds twoday meeting gets back today. A lot of tea leaf reading, jim being looking at the calendar, looking at yellens history. Some say shes slightly more committed to the program than bernanke but well have to wait until tomorrow. A lot of people are saying wait a second, we sold down very badly last week. What happens if they stay the course . This could be a giant short squeeze. Buyers came in saying i dont like the outco
It is 9 00 on the east coast. And we have breaking news, a large earthquake rattling at least seven states now we know within the last hour. Preliminary information showing that this was a 5. 6 magnitude earthquake. We want to go straight to cnn meteorologist allison chinchar. Information is coming in so fast i feel like it was five minutes ago we had a report of three states. Now its a report of seven that felt this. What are you learning . Well, see, thats going to be very important. Because the reason the states are spreading is because the earthquake was so shallow. When it tends to be shallow, it can spread a deeper distance than a deeper earthquake could. This ties with november 11 for the strongest earth wake this history. But the depth was only 6. 6 kilometers. If which for earthquake terms is very shallow. Thats why it spread so far for people to feel this particular earthquake. Its about an hour and a half north of Oklahoma City and an hour west of tulsa for frame of referenc