Trading Side News Today

cnn newsroom. im alison tamaroa. >> thanks for staying with us. we have breaking news on the january six committee. they are investigating a tour of the capital given by republican lawmakers on the eve of the insurrection. >> lets get right to cnns ryan nobles on capitol hill. tell us breaking news, ryan. >> thats right, victor and allison. we are just getting this information in right now from the january 6th elect committee. what they have done is sent a letter to congressman barry l...

Architectural historian and photographer William Brumfield explains why the 11th-century cathedral became a blueprint for medieval shrine...

Communities here, if you take a look at these photos, a high rise building that was hit, the aftermath of another one. 12 people killed, more than 40 wounded. the scene, so chaotic that they dont believe those numbers were final, they were not able to get a sense of what was underneath these massive fires. because of the shelling that took place there. just a devastating day on that end, and of course all eyes on mary opal, the steel plant there, we know that 1700 have left that steel plant faci...

Whats happened here? >> a lot. we can talk for a half hour about it, but basically when they went public a week ago friday, it was delayed a half hour. when it finally opened it was a huge onslaught of trades that consider canceled and some people didnt find out for a whole day. on the trading side, the nasdaq, there were so many glitches. literally, i put in an order for 200 shares. i found out a day later i got the shares. the shareholder was upset there. then theres morgan stanley, the lead u...

>> dana: every article i said today said that the laws they pass, dodd-frank, when president obama signed it, it would not have addressed this particular problem. >> eric: is there a washington prescription for every problem? if jp morgan made $2 billion profit, they would have been calling for higher taxes. >> andrea: buried the lead. >> kimberly: give me the break. >> bob: do you not think they should be regulated? >> bob: they are regulated. >> kimberly: obama was betting on the economy going...

Fdic would make up to $800 billion in deposits. imagine that. the notion is this -- this is my solution. ive said if you dont want citigroup to trade and take risk on the trading side, dont ensure their deposits. tell them you take risks we wont ensure the deposit. when the government moves out and stops ensuring deposits and stops guaranteeing, the banks will size up. they will recalibrate to where they think the free market will allow them. the other stuff is more of the same, too big to fail....

Dangerous for them to do or outsized relative to their capital. but otherwise, if its not a dangerous activity, within the comp tans of the institution and providing another revenue source, then its an attractive activity. >> now, a lot of the people look at your rise and say this is symptom attic. youre a trader, they say you come out of the trading side, not the advisory side. is it fair to say your rise represents the rise of the trading business? >> i think this firm has always gone back and...

Symptomatic of the changes taken place at the firm. youre a trader. they say you come out of the trading side of the business, not the advisory side. is it fair to say that your rise represents the rise of the trading business? >> i think this firm has always gone back and forth. by the time you get to a medium level at goldman sachs, you em bed in you the principles of the banking side and the sales and trading side. you cant avoid it in this firm because all of these things are interconnected,...

Jenna: well, they say the lawsuit is short on facts and, again, theres no criminal charges against them at this time. they say they were victims with this scream along with everybody else. they worked on the trading side of the business, so they werent involved in the investment side, so theyre the ones claiming they knew nothing, in fact, they were the ones that turned their father over to authorities. the grounds they have to stand on are the facts of whether or not we know what facts the trus...