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
Simpson and Erskine Bowles in an interview you cannot afford to miss. Hope you join us 4 00 p. M. Eastern. The cofounders of the fix the debt campaign, which many Corporate Leaders are backing. Theyll tell us how they think washington can come together and reach a deal, bill. Sure would be great to figure that out. Maria, looking forward to that. Im Bill Griffeth here at the New York Stock Exchange. Markets continue to feel the sting of the uncertainty surrounding the fiscal cliff crisis. Look at the dow, for example. It cant decide whether to go higher or lower today. Its been zigging and zaging all session today. Down 42 points. Thats about the midpoint of the range. The nasdaq is down 11 points, about 1 3 of a percent. The s p 500 index also trading lower, down 3 1 3 points. Some longtime traders may say the first and final hours of the trading day are the most important. Since the market highs back on september 14th at the time that qe3 was announced by the fed, the s p 500 has suf
Me just now. We are going to be closing up more than 200 points. Margie from Wells Fargo Funds Management joins us, so does michael from destination Wealth Management and joe greco will be with us in a few moments here. Rick santelli is staying late as well with this rally here. Ready to go, joe . Yes. What do you make of the rally . I guess when republicans want to peek past what is involved besides a tax increase, that signals a compromise. So, the markets say, hey, maybe theyll work things out in washington. The unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. This is not a new phase here you can look at volume, behavior of the trading and it looks like well have a little more of a lift. Weve broken through a level that held nicely. Started to lift onto the tail end of the day. I think if we can get a little closer to the tail end, but toward the end of the year, well test higher. Do you believe this is a rise a