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Transcripts for CNN Wolf 20150708 17:21:00

stock exchange. back to you. before i let you go i want to ask a follow-up about kind of the you talked about algorithms but there s the feel of the stock exchange and what happens when markets get spooked. your trader said he didn t think they were going to get spooked but you never know when it comes to is stocks and people stocks and people might be looking at this thinking my money is in my 401(k) it s in the stock market, if this kind of thing can happen maybe i need to take my money out. are you hearing that concern for from any other traders or experts on the floor? i m not hearing that. and, keith, you re not hearing about anyone being spooked about this technical glitch. any chance when trading does resume we may see some volatility because of what happened at the stock exchange today? you can t predict what the behavior will be for everybody. nobody here is panicked or spooked. as i ve been telling my

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Transcripts for CNN Wolf 20150708 17:34:00

on the stock exchange on the floor of the stock exchange before trading began sending out a list of 220 stocks that may have a technical glitch. that was reportedly fixed by around 10:45 this morning then at around 11:30, trading just stopped here on the floor of the exchange. the music, as one trader said, the music stopped here on the stock exchange floor. and what are you hearing about the latest prediction of when trading could come back if at all, today? well i m hearing it runs the gum mutt. i m hearing the stock exchange down in the middle right now of decide when to reopen trading, they could be close to discussing when to reopen trading. another trader told me if trading isn t back up and running by 2:30 this afternoon, which is about an hour away his thinking is that the exchange won t open up because you think about it, if they open up trading and it glitches again, that s probably only going to

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Transcripts for CNN Wolf 20150708 17:12:00

shut that down they could turn the united states into somalia. and that was always the fear and still is the fear and the effort to prevent anything like that from being possible. absolutely. very very scary. tom, i want you to stand by and our reporters working their sources. we ll follow the breaking news from the new york stock exchange but we ll take a quick break and while we do remind you that all trading has been suspended because of a computer breach we re awaiting a briefing from the white house. we ll have much more after this break. stand by. no artificial flavors, colors sweeteners preservatives, and no artificial smiles. because clean dressings, taste better. panera. food as it should be. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, ex

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Transcripts for CNN Wolf 20150708 17:19:00

problems in the past but, again, it s software and software can malfunction and software they use in handling orders from around the globe and making sure orders can be represented appropriately, not only in this market but the u.s. markets is incredibly complex. so it s not unreasonable to think something may have gone wrong there. reporter: at this point it s anyone s guess when everything here at the exchange will be back online. is there a chance that trading may not happen the rest of the afternoon? there s always that chance. the new york stock exchange has assured us they ll try to get back online. the timing i ve heard is around 2:30, between 2:00o clock and 2:30. it s a very long outage for an interday session. but most volume happens at the beginning and the end of the day so we want to have the primary market open for the last half hour of trading. reporter: how can this upset the am cart or change the algorithms of the trading when the stock exchange does get back onl

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