Tensions in the area were already raised. It happened as the United States and south korea took part in a joint military sea exercise. Its deadline day for americans looking to sign up for Insurance Coverage under president obamas health care law. In albuquerque, a march over the Fatal Police Shooting of a homeless man turned violent. Protesters threw blockrocks, blocked traffic. The search for flight 370 is ramping up. The clock is ticking down on the remaining battery life as the planes black boxes harrison oh, made it and kentucky takes the final spot at the final four the emotion, the elation goes to the huskies of the university of connecticut i take my bracket, and rip it up, and im done finished. Washington state search teams continued sifting through the muddy debris. Search dogs are being given a twoday break. An incredible rescue on a soccer field. A player from the opposite team flipped him on his back and cleared his airway. Oh, that . Ripped foul. She caught that that is indeed a holy cow. Disneys frozen became the highest grossing animated movie in history over the weekend. Of course. And all that matters. Whats the headline here . Storms rigged by a combination of the stock exchanges, the big wall street banks, and highfrequency traders. Who are the victims . Everybody who has an investment in the stock market. On cbs this morning. This is the ultimate of the final four. I dont know if im dreaming, but you have to slap me to make sure im dreaming. There we go. Im not dreaming im not dreaming this mornings eyeopener is presented by toyota. Lets go places. Welcome to cbs this morning, and good morning norah. Good morning to you charlie. Missed you. Missed you. Welcome back. Five strokes off your golf game . A few, yes. We begin with a bombshell report that could change the way wall street does business. 60 minutes revealed last night how a few stock market insiders are making billions in highfrequency trading. It is based on information that reaches them a fraction of a second ahead of everyone else. And thats just long enough to cash in while raising costs for ordinary investors. Steve kroft talked with author Michael Lewis about his new book out this morning called flash boys. Lewis says the stock market is rigged. If it wasnt complicated, it wouldnt be allowed to happen. The complexity disguises what is happening. If its so complicated you cant understand it then you cant question it. This is all being done by computers. All being done by computers. Its too fast to be done by humans. Humans have been removed. Past is the operative word. Machines with secret programs are now trading stocks in tiny fractions of a second, way too fast to be seen or recorded on a stock ticker or computer screen. Faster than the market itself. Highfrequency traders, big wall street firms and stock exchanges have spent billions to gain an advantage of a millisecond for themselves and their customers, just to get a peek at stock market prices and orders aflash before everyone else, along with the opportunity to act on it. The insiders are able to move faster than you. Theyre able to see your order. And play it against other orders in ways you dont understand. Theyre able to frontrun your order. What do you mean frontrun . Theyre able to identify your desire to buy shares in microsoft and buy them in front of you, and sell them back to you at a higher price. It all happens in infinitesimally small periods of time. The speed traders have is milliseconds. Some of its fractions of milliseconds. Its enough for them to identify what youre going to do and do it before you do it at your expense. So it drives the price up . It drives the price up and, in turn, you pay a higher price. Reporter Michael Lewis is not the first person to allege the stock market is rigged or that highfrequency traders are frontrunning the market. He was the first to find Brad Katsuyama the first to figure out how it was being done. A very unlikely character. A trader at the royal bank of canada, a young man named Brian Katayama realized the market he thought he knew had changed. The market seemed willing to sell stock. The minute he went to buy it someone else buy it. The stock went up. It was as someone knew what he was doing before he did it. Eric schneiderman is with us investigating the highfrequency trading. Welcome. Thank you. So highfrequency traders, as shown by Michael Lewis and steve kroft, is it illegal . Its been around for a while, not illegal. What michael is talking about are highfrequency traders who use their speed to take advantage of cracks in the foundations of our market. As i think he explained in the 60 minutes piece, we now have 60 public and private markets that are linked up, and there are cracks. There are places you can get to faster than other people and frontrun the market. Whats improper is frontrunning the market, using any special advantage or edge with your speed to have an unfair advantage over anyone else. Theres an assumption in the marks that everyones allowed to do research but theyre fundamentally is what they laid out last night illegal . Some of it i believe, may be illegal. Our offices had an investigation for over a year in some practices related to highfrequency trading. There was a situation we dealt with last year where we found that thomson reuters, which releases surveys of consumer confidence, was giving a twosecond edge to an elite group of subscribers, and in that two seconds, the highfrequency traders were able to move the market in their credit. They stopped doing that. There are situations where there may be illegal conduct, and were looking at it under new york securities laws. But the average investor hears this report and hears the stock market is rigged and you say youre not sure whether its illegal or not. What are you going to do . Well, two things. One is were shining a lot on this whole problem. Thats why we started talking about it over a year ago. I think mr. Lewis book will help us shine a light on this problem. Theres two things we have to do. One is, we have to investigate in the commodities future trading corporation, the s. E. C. Has to investigate whether there is currently anything illegal. The second is this clearly requires new laws and reforms to catch up with the changes in technology. Whos doing this . Who are the bad guys . Highfrequency traders are firms all around the world. Theyre massive investments. And there is an incredible race for speed now. People are paying hundreds of millions of dollars to shave milliseconds off. Its used by all different kinds of firms, including some perfectly legitimate firms. But the highfrequency traders are the amazing combination of scientists and analysts that are just shaving speed every day. Which brings up the interesting point. The young man last night who found this out has created an exchange that by delaying by delaying the highfrequency trader, says he evens the playing field. Correct. And its what they call speed bumps. If you put a speed bump in, it slows it down. There are different ways to build speed bumps. Ive proposed a different kind than what iex is using, but its clear to me we need it for two reasons we can prevent unfair advantage, and destabilize it that it has, because it encourages people to engage in the more risky behavior. Fractions of a second. Incomprehensible. Really milliseconds are something that you cant even get your mind around. But, boy, can they move markets with the automated Robot Computers that are triggered to shoot out offers and trades as soon as one factor changes. Incredible reporting. Well wait to see if there are changes. Thank you so much. Were following a dramatic escalation of tensions on the Korean Peninsula this morning. South korean Officials Say the north fired artillery shells across a disputed sea boundary. Troops from the south fired back. The white house is calling north koreas actions, quote, dangerous and provocative. Seth doane is in beijing where china is asking both sides to calm down. Seth, good morning. Reporter good morning to you. Yes, nowrth korea fired about 100 artillery shells crossing the border into south korea. South korea responded by firing 300 artillery shells toward the north. Its not clear how many of the shells landed on the other side of that maritime border. All of the taking place in the yellow city. The issue is the shells are landing quite close to inhabited islands there, forcing some South Koreans to flee to emergency evacuation shelters. This is all taking place against the backdrop of regularly scheduled joint military exercises taking place between south korean and u. S. Troops. I spoke with a cbs news producer in seoul today who told me that this is really making headlines there and causing some concern, not only because of the sheer number of shelling shells that were talking about here, but also because its reminiscent of an incident back in 2010 that was quite similar, where you had north korean shelling that killed four South Koreans. That was the first time South Koreans had been killed in that way since 1953 the de facto that ended the korean war. The real concern here is that this is not only going to inflame emotions but any casualties could really prompt some sort of significant military response. Charlie . Seth, thanks. Australia says this mornings search for missing Malaysian Airlines jet is bigger and more intense. Crews in the air and on the water are scouring a zone more than 1,000 miles off the coast. Holly williams has been on the water this morning, where an australian ship is now equipped with technology to find the planes black box. Reporter good morning. That is the ocean shield an Australian Naval ship you can see behind me and its carrying a piece of hightech American Equipment that could make a big difference in the search for Malaysia Airlines flight 370. Its scheduled to leave port today for the search area. 1,100 miles off australias west coast. On board the ocean shield is a towed pinger locator that can detect black boxes or flight recorders in waters up to 20,000 deep. It was shipped in by the u. S. Navy along with a support team of 11. If the black boxes can be found, they could finally explain what went wrong on flight 370. But times running out, because the beacons on the flight recorders may only have eight days of battery life left and the pinger locator can only be used after at least some debris from the missing plane has been recovered and the search field has been narrowed. But three weeks after the jetliners mysterious disappearance, that still hasnt happened. It all depoends upon how effective we are at reducing that search area. Right now, the search areas basically the size of the indian ocean, which would take an untenable amount of time to search. Reporter finding the wreckage has proved more difficult than first thought. We flew with the crew of an australian p3 orion in perfect conditions. Four hours into the flight they spotted something that looked like it might be wreckage. White and light blue just below the surface. Well drop to get better eyes. Reporter the pilot banked hard to turn around and take a second look, but it turned out to be yet another disappointment, a fishing buoy attached to a rope. The ocean shield and its cargo wont reach the search area until thursday but the hope is by then some wreckage will have been found and theyll be able to begin the hunt for the planes black boxes. All right holly, thank you. And tonight is the official deadline to sign up for Health Insurance under the Affordable Care act. The Obama Administration says it has met the revised goal of 6 million signups. Bill plant is at the white house where officials are giving people a little more time to finish. Bill, good morning. Reporter morning. The administration is happy to point out that thousands rushed to sign up before tonights deadline. A big surge in california for instance, which has created some delays. But believe it or not, the National System was actually taken down for maintenance this morning. Nonetheless, the deadlines been extended for those who start the process but cant finish it by tonight. From californias bay area to this miami mall people packed health care signup centers, waiting for hours. If you have a ticket reporter in Silver Spring maryland organizers had to call in reinforcements. We given out about 100 numbers, and the building doesnt open for another hour. Reporter baltimores Andrew Morton said he tried going online but the website kept kicking him off. I cannot make a judgment until i actually get something and see the different plans that they have. Reporter americans are still making up their minds about the Affordable Care act. According to a poll by the Kaiser Family foundation only 38 have a positive opinion of the law. The poll also found that 6 out of 10 uninsured americans didnt know about the march 31st deadline. And 50 said that they planned to stay uninsured. Cbs news scott pelley asked the president about it during an interview last week. We admittedly had just a terrible start because the website wasnt working, and despite losing effectively two months we are going to be reasonably close to that original projection. And what it tells you is that people actually are looking for Affordable Health care. Reporter but republicans like Speaker John Boehner said the extension is just proof that the law is broken. What the hell is this, a joke . Listen, this is part of a longterm pattern of this administration manipulating the laws for its own convenience. Reporter the extension for signing up is pretty much on the honor system. If you check a box on healthcare. Gov saying that you tried to sign up but were unable to do so because of technical issues, then you get the extension. The administration does say, though, that they will be checking to verify that people who do that really did try to log on. Bill, thanks. Searchers in washington are still looking for survivors of a deadly mudslide. But after nine days even the biggest optimists say a miracle could bring good news. John blackstone is outside of oso where its at least stopped raining. John, good morning. Reporter good morning. The rain has stopped here but orning as t it chilly this morning. The number of known fatalities rose yesterday. The medical examiner now confirms 21 dead add to that four more bodies found by searchers in the debris yesterday. The list of the missing remains at 30. The work here is painful and painstaking. At the impact zone the vast scale of the landslide seems to dwarf the hundreds of workers carefully digging through the debris. Its a daunting task often undertaken only with hand tools. Crews work in mud and water that can be waist deep. The slide brought a forest of trees along with it. It knocked everything down, then mixed everything up. When the mountain let go it didnt just slide, it kind of blew out at the bottom and then it slid down in the back. It kind of sloshed up and then sloshed back down. We have areas where theyre estimated that the slide is almost 70 to 80 feet deep. Reporter and much of what is under the mud is dangerous. Weve got sewer. Weve got all the products, again, from your home. Gasoline from the vehicles, oil. Reporter just after the slide hit, isaac hall was one of the first on the scene. He saw a small boy in the mud. With that little boy, you thinking of your own son . Oh, yeah. Reporter the boy was 4yearold jacob spillers. You handing the little boy up to the helicopter. The pilot, yeah. Reporter what was the boy experiencing . What was he like . Oh, he was freaked out. He was freaked out, in tears, freezing cold. Reporter as searchers look for more bodies Funeral Services are being planned for those already found. This woman, whose car was buried by the slide, was found last week. Im relieved that they found her. Im relieved that they got her out of the mud. Im relieved that well be able to have a memorial for her. Reporter but the pain is going to be there. Forever. Reporter the search here is heartbreaking, and for the searchers, its backbreaking. Crews are now being rotated out to allow fresh workers to come in. Even the dogs are getting time off. All right, john, thank you so much. And a United Nations report out this morning paints a bleak picture for the environment. U. N. Scientists warn Climate Change is already having a sweeping effect on all continents and oceans. If Greenhouse Gases are not controlled, the report warns of more coastal flooding. Inland flooding could damage big cities drought could cause widespread hunger and other weather extremes could affect everything from electricity to running water. Time to show you some of the mornings headlines. The Washington Post looks at an Upcoming SenateIntelligence Committee report on torture. Congressional aides say the study will conclude that torture did not provide key evidence in the hunt for osama bin laden. The cia insists that socalled enhanced interrogation methods did help lead to the terrorist leader. The San Jose Mercury news says jury selection begins today in the latest showdown between apple and samsung. Apple claims samsung violates patents. Several people were arrested after protesters clashed with police. The disturbance started as a peaceful demonstration against recent police shootings. The protest lasted more than ten hours. Officers threw tear gas canisters to control the violent crowds. Usa today marks opening day. Most Major League Baseball teams start the season today. Last night the Los Angeles Dodgers played the san diego padres. And according to usa todays