i predict millions of trades will be canceled. if it was one person that precipitated this, i wouldn t want to be that person. the dow was down 500 points before this happened. it closed down 350. that s still the worst day in more than a year. we have a lot of problems to work through here. a mistake made it worse but it didn t cause it. christine roe manmans mindinr business. if you were to make that mistake, yesterday was a good day. crews lowering a four-story concrete dome over a leaking well in the gulf. they are trying to drop it over the rupture that has been spilling thousands of gals of crude into the gulf every day. this is a long shot. it would capture and funnel the leaking oil to a waiting tanker above. david mattingly has been monitoring this mission. still a long way to go. how is it going so far, david? reporter: well, so far, so
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they are looking to break a three-day losing streak when it opens for business. futures are up right now even though the dow took a nose dive yesterday afternoon plunging nearly 1,000 points in less than half an hour. the selloff did ease before clothesing. nonetheless, fear returned to wall street. it all started because of the debt crisis in greece. this morning s job report may or may not help the situation. christine romans here minding your business. jobs report just a little less than half an hour from now. it should show that there was some jobs growth. three out of four months of jobs growth. you would think that everyone would be looking at that. they are not. they are looking at the stock market and what happened yet. let me show you this picture from yesterday that caused this market to start to unwind. you had rioting in the streets as greek citizens were very concerned about os stairity measures that they are going to have to live under as this country tries to get its
yes, they have circuit breakers. it is the biggest one-day point drop in history. it was unbelievable. however, in 1987 we had a bigger percentage drop. this was not 1987. this is something we re still investigating. we have not we have had like you call them the fat finger error, human error in the past. right now all of the futures exchanges and stock exchanges, they don t know what went wrong. it s like terminator, the machines have taken over. they trade a lot of stocks fast. christine romans, minding your business. one thing weighing on traders minds, the new jobs report comes out. we ll break it down for you the very second it s released.
christine romans is minding your business. was it a trading error? there was an error somewhere, you had stocks trading at pennies at being at 40 and $50 a day. that s not rational. you have the stock market very weak and putting in one of the worst days we ve seen in a year before this happened. then suddenly at 2:45, boom, something happened, proctor and gamable shares and accenture fell off the cliff. we have never in history seen such a big one-day point decline. then just as rapidly it bounced back. everyone was trying to figure out what is happening the a lot of people told me that the high frequency trading, the computerized trading. the computers took off.