Welcome to power lunch. At the nyse stocks are sitting at record highs but as we saw, it was quite a battle 24 hours ago right here at the nyse. It most certainly was. We push ahead today on this big debate on High Frequency trading on power lunch. Where are the regulators . We talk to lawmakers who come at the issue from different points of view. We also have specialists to tell us what high speed traders look for. First, how does high speed trading fit into the overall market . Who better than bob pisani to explain all of that. I bet you can say that. Algorithm. I can spell it, too. The important point is a lot of people wonder when you go to your broker and actually push a button. Let me walk you through a typical trade. Critics of High Frequency trading say these traders are scalping pennies from investors but the truths a little more complicated than that. Lets use an example. Through your broker, you send an order to buy 100 shares of ibm. That order is likely routed to a market
For the first time ever. We have a big show coming up. Huge ceo interviews coming up. Exclusive talks with United Airlines ceo, jeff smisek and hes announcing a 2 billion costcutting initiative at a time when passengers are calling for an upgrade to his fleet of planes. Also do you pontduponts ceo el. Join us for these two interviews coming up. Yet, more to do about bitcoins amid a second day of hearings on the Virtual Currency on capitol hill, wild fluctuations continue. Look at the action in the last few days. It hit 900, after you and i did that segment yesterday. This is not normal behavior for anything like an investment. If they want to call it that. Is it safe for anybody to put their money in bitcoins . We take a very hard look at that coming up in a little bit here. Also, lets take a look at the market. A lot of action even though the market isnt far where it began the day. Dow jones industrial average with a fractional move, four points at 15,980. Down 15 points on the nasdaq
Overtake the u. S. Is it time to shake up your Investment Strategy . And apple, floating another ibond. Should you buy it . Or are you better off in u. S. Treasurys . Or is buying apple stock the better move right now . Were going to lay out the pros and cons of each of those three options. First, though, to sue who is here at headquarters today. Hi, sue. Good to see you, ty. You mentioned the feds latest decision comes out in just under an hour from now, but earnings and the economy of front and center for us. An important read on jobs ahead of fridays employment report. Pride sector employers adding 220,000 workers in april, that is the highest since november. It is above estimate. But its the latest gdp report that has many asking questions. The u. S. Economy slowing in the First Quarter to one of the weakest paces in the last five years of the recovery, rising. Part of it is the fridge illustrate weather appears to hamper Business Investment and weakness overseas. Despite this, tho
That down first trading day and expect us to turn around. What is the real story on this economy . Is it on the upswing . Or was that a jobs number foreshadowing were in for a rough patch. Some warning we got ahead of ourselves and things could be dicey. Well try to separate the fact from the fiction. Yes, we will. Youre welcome, america. And it turns out that if you shop at target, your private information may be more of a target than we knew before. That stock is lower today as we learn the Security Breach is much wider, the information even more personal. Up to, is this possible, 110 Million People affected, email, street addresses, names and phone numbers all hacked. Is enough being done to make sure this doesnt happen again at any stores . Were going to cover this incredibly important story coming up for you. Take a look across the major indexes. At the moment the dow is off 40 points or a quarter of 1 . The nasdaq is trying to buck the trend. It is just slightly positive adding a
She will be with us live. Sue is out, but simon is in at the new york stock exchange, simon. Yes, weve lost 17,000 on the dow. Only six members are in positive territory. It is the credit card manufacturers, although the credit card players and indeed the insurers that are leading the freight down. Visa of course guidance, very poor, and thats a real problem for the Dow Jones Industrial average right now. I want to turn to crude, past 11 00, we saw spike in brent. Moving to the juch side, this is probably related to ukrainian issues. Mr. Van rump, the president of the European Council is backing the idea of additional sanctions against russia, but that is not been confirmed. They have not signed off on that, that is whats moving things. Also some reports that russia may be providing heavier weapon systems to separatists, thats floating out there as a concern. At any point, brent moving up the s p 500 on that news, a little after 11 00. As you can see moved to the downside. Since come o