Page 13 - Program Trading News Today

Cost of the mortgage was going to be 17%. we had to say now. >> now its 4%. still a good deal. >> it is a good deal. the experts seem to think the cost of borrowing money, which was basically zero, is going to go up. >> it will. >> inflation which has been independent behind wages is going to go up. >> the other thing that is going on, ive made all of these profits. let me cash out. now i can put them in a bond. the bond is paying decent. the rates are going up. you feel safer doing that. >> the...

Liz clayman. what can you tell us about the job numbers. >> the job numbers were shockingly dus appointing, brett. thats what amazing to see what you just showed us. that was a massive pivot off the floor. when the numbers first came out this morning from september they were a huge disappointment. we saw build of just 142,000 jobs instead of what was expected, 203,000 jobs. so it was a huge miss. boom, the markets opened at 9:30 a.m. eastern. tanked. they started dropping, more than 200 points. ...

Economy that you would think would be pretty much a good, solid investment as far as general terms now. >> i dont agree with a lot of what was just said. we have a lot of funky things going on here in terms of program trading and algorhythms. its not true that people woke up and sold everything at 5:30. programs sold because of what went on friday and over the weekend. economic stories do not change overnight. the u.s. economy is not in radically different shape today than it was on wednesday wh...

Engaged back in september. they have dated for several years. an update on some of fox top stories tonight. the worst bomb attack to hit beirut lebanon in 2005. today killed 8 people including a top intelligence officer who is opposed to regime. your 200 reports on dow earnings report. worst hit in four months. economic biewm that defined much of the 80s came to a screeching halt when the stock market fell right through the floor on black monday. the dow jones industrial average lost a record 50...

know now is are we getting into another recession now? >> no. i submitted my forecast to the various polls last week and said no, the economy would grow faster in the second half, things will get better. are there perils? of course. >> those with money who dont need credit or who have the ability to get credit can really do well in this economy and those without jobs at the bottom, with tough credit, are excused for thinking that things are bad. >> absolutely. if you dont have a job, i...

400-plus-point gain was a blip or perhaps a building block. well, sadly, we got a decisive answer today, the dow industrial average plunged 520 points, 4.6% amid jitters about europes debt crisis and growing resignation that the long-term prospects for growth here in the united states are bleak. alison kosik watched the massive selloff up close. >> john, we had yet another brutal session here on wall street today. you know, theres a lot of uncertainty about the economic outlook here in...

average plunged 520 points, 4.6% amid jitters about europes debt crisis and growing resignation that the long-term prospects for growth here in the united states are bleak. alison kosik watched the massive selloff up close. >> john, we had yet another brutal session here on wall street today. you know, theres a lot of uncertainty about the economic outlook here in the u.s. and in europe as well. you know, theres worries about france being downgraded like the u.s. debt was downgraded. t...

Of every penny in trade. so, we did the math on that looking at the average program trade, basic program trade is a million dollars and would co-those folks $500 for every program trade, which i have to tell you is a steep levy. now, if im doing the math wrong here i invite the representative to give me a jingle. but, i have to tell you, this is what it looks like to us and, of course, that would be a huge fee, a huge tax on wall street. on program trading, he also said these traders are parasit...

Of the new york stock exchange dick grasso. he told me there needs to be more safeguards especially circuit breakers that kick in to prevent stocking from plunging. >> the public deserves to know that there are going to be individual stock circuit breakers and they are not going to suddenly see as they did yesterday a stock like accenture go from $41 to 1/100th of a penny and go right back to $40. thats unacceptable. >> shepard: of course. a lot of traders made a lot of money while all of that w...

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