Really waiting for tomorrow and the ecbs latest decision. In the meantime, the dow little changed, just up 1 10 of 1 . Energy and technology are the two groups leading gains, as you will see from the bloomberg. In telecoms. A little change in Consumer Discretionary. Energy amtech are the two groups that have consistently been doing energy and tech are the two groups that have consistently been doing well today. Financials thats a group weve been talking a lot about, this seven Year Anniversary of the bull market. Its worth mentioning what has happened to the financials, not just during the bull market, but even before the bull market. Take a look at this chart that compares the financials performance with the broader s p 500 going all the way back to 2007. We have seen the s p 500 make new records. That happened last year. The financials have had trouble sort of getting there. They have lagged. They have helped lead during this bull market, if you date it to below 2009. But if you go b
Going to be really challenging. Maria the latest on the race and what new york means Going Forward. Devastating flood in Houston Texas had five people have been killed had hundreds others rescued from highlighters or thousands left without power. More rain in the forecast today. Dramatic pictures to mr. In toronto, canada. A woman jumping a fence into a tiger enclosure. For that say why she risked her life to do so. Condi a blast and jc hit with a lawsuit on the title by one fan says the rapper trick users in netflix to watch today. The Company Reported earnings for subscriber growth. However the output disappointed to beat analysts and investors concerned about slowing growth the stock under pressure this morning. Global markets rebounded smartness oil prices helping stocks recovered from a weakness yesterday. Nikkei average the big winner overnight. The top performer at gain of three and one 3 . See in strength across the board and european indices of between two thirds of a percent
Site became almost like a daily ritual. Without you, there is no us. Suki kim is the author of without you there is no us my time with the elite a memoir. It comes out in october you. Michael lewis talks about the rest of highfrequency traders in the start market and discusses how they manipulate the workings of the market with help of big banks to shortchange regular investors. This hourlong program is next on booktv. Thank you for coming. I wanted to start by explaining why it is i have the pleasure of interviewing michael this evening. [laughter] i, i have a theory, i have a grand, unified Michael Lewis theory, and i thought that we would start there. I havent heard it, id love to hear it. And im going to, this is going to be i would like to see whether you, whether you get the theory, so im going to give you an opportunity to answer. Youll see. The theory [laughter] the preamble to the theory is that you are principally a moralist. In fact, i believe you are americas leading nonfic
Take on what happened but also a look at the politics at the time that made the troops stay overseas in world war ii. Host lissa warren, you mentioned youre an acquiring editor. How long is the process of getting the book on the shelfs to the time you acquire it . Guest its just like having a baby, it takes about nine months from hand you script through the man you script, the copy editing process and then the cover design. I would have, at point, 20 children if i was having babies instead of publicizing books because ive been doing this for 20 books now. To write it, it usually takes a year or two, sometimes three if its a long book or one that requires a lot of research. They are pretty knee deep in evaluating copy edit suggestions that have been made. That can take several weeks. Occasionally a month or two, but we dont always have that long. We also need to keep books in the season that theyve been slotted, and so we have to keep the schedule, and the authors get some time with the
David in the Financial System. It is a Stock Exchange. They built an exchange that is owned by investors. The whole point of it is to create an environment where the investors are not exposed. Who else are the davids . They have actually created the kind of solution to a problem. And if it works what you have is a model for how you solve other problems when i say its raid is a systematic step that goes on every time an order enters the market. Its pennies. Spread out over the home market. Its up to you will never make money in the stock market. That is not the point. The market is charging. Investment dollars totally unnecessarily. Its a systemwide problem as an investor you almost should be more concerned about the instability caused by the rating. This is the it is not the pennies you use. The guys at goldman when you decide you dont want anything more to do with highfrequency trading in the current stock market. If we continue down this path of exchanges making it ever more complica