Buy . And jeb bush. I like what he had to say. Its time for america to get back to work. The left actually criticized him for it. I cant wait to get into this and hillary, deflecting criticism saying there was no subpoena for emails and proven wrong yet again. What difference does it make . Weve got a big day coming it does make a difference. Varney company starts right now. Were talking about over 3,000 stocks that trade here on the floor of the New York Stock Exchange that are still halted at this time. Do we need it anymore . And its an anachronism almost this is odd to me. I think theres something more that we might be missing only because behind the scenes we dont know whats going on. This market has proved completely side ways since this happened. I dont know if someone is pushing the pause button, but it feels weird. Of course we were all over that big story, Varney Company and the fox business network, this was the place to be when the news breaks, its always the place to be and we want to get back to it. So lets talk to Liz Macdonald and Charlie Gasparino. Charlie youre saying from the beginning, you know concerning the amount of volume that now goes with the specialist in handtohand trading that it did not affect or have an impact on the market . There are two stories here one is the fact that i said time and again, is that given the structure of the market this was the this didnt affect the small investor at all and just shows you how insignificant the New York Stock Exchange is. Its quite frankly, the place where it happened. This happened throughout the whole New York Stock Exchange it didnt effect the electronic venue it affected a small sliver. And they are an anachronism. I want to say with this theres another side of the story which is i i think where the rubber meets the road here and this is because the New York Stock Exchange is a venerable institution, a point that neil cavuto made time and time again yesterday. That this is an Inflection Point about that venerable institution. That is no longer the big board. Although. And it is the little board. I posed the same question to dick grasso on my show and he said the exact opposite. And you know im and obviously listen he came up from the very bottom at the New York Stock Exchange and maybe a lot of people argue that he was at the mincle of it, but hes saying that it was a prime example why its so important because the trades are going off and 50 other venues, but maybe the price of people, volumes are wrong, he says that we actually proved it was proven yesterday. And i had a subsequent conversation with him and i wrote a book about the New York Stock Exchange and i understand his point that if you have one less piece of liquidity in the market, guess what . You have less bidders on stocks and that distorts the prices. He admitted when push comes to shove that the system and thats hang on the issue is that you know the Stock Exchanges response to it was poor and it didnt inspire confidence hang on it reminded me when the squirrel shut down the nasdaq in 1987 and inspired that much confidence and their reaction to it come out and say, yes, the software when it arrives. And the nasdaq it wasnt as bad as the nasdaq price breakdown. And what about the idea were talking about the other elements of this. The come hence of the individual investor. Lets ask liz on her opinion on this. The New York Stock Exchange right away our guy gets your point and handles the majority of the volume. When you say wall street were thinking traders on paper here. Its a learning upgrade to understand that its arca and as one trader said i said on camera yesterday, 11 other exchanges. Right, again, thats but lets be clear here its our job to educate the average investor as to whats going on and its the example that dick grasso pulled about the potential pricing irregularities. You think he wasnt being sincere . No, he was sincere, but they were minuscule, and lets say, why didnt the New York Stock Exchange come out earlier . cause if they did, they would have proven how insignificant they are. Ive got other conspiracies on that. And Nicole Petallides who did an amazing job. First of all, nicole do you have lights on there . Nicole the lights theyre flickering, just kidding everything is going smoothly here this morning. Weve got the nyse statement, they are expected to open smoothly and everything is perfect at the moment so thats what were looking for. The big picture yesterday was quite a busy one to say the least. We were talking about all the stops here and as you talk about Investor Confidence and you know they cant necessarily see all of those other venues that we talked about, we talked about the trading venues other places to trade. This is what they see. This is how they get it and they want to make sure that its working perfectly. So thats why they took it down. All right. Nicole, thanks a lot. I want to bring in dave hes a parameter securities and now, youre what we call one of the good guys and yesterday was one of the theories that we tasked around and people have a feeling something is among because we started today United Airlines was closed down and New York Stock Exchange had issues and wall street journal had its issues one after another after another, this of course, the night before anonymous maybe the sort of tongue in cheek, saying making comments about wall street. A lot of coincidences. Is there a chance that they could be connected from your world point of view . Theres always a chance it could have been a malicious attack. But, you know i think a lot of people are looking at the whole anonymous thing and talking about the issues that the china Stock Exchange happened. I spent nearly two decades before i became a hacker actually, on the side and even though these are three Different Companies that have three different unique services they provide, they use some of the same horde wear and software and it could have been an issue that was relevant throughout the all of them were using. So. So youre not saying necessarily it hasnt been malicious it could have been something that went through a system all at the same time. One of the things that a lot of people dont realize is that were focusing hypersensitive on the malicious attacks, but when we talk about security incidents, less than 10 of all security incidents are actually malicious. You know, were talking about availability yesterday, it didnt matter whether anonymous hacked something or whether a router went down. It was still a security issue. From your professional point of view an institution like the New York Stock Exchange has been around for a couple hundred years. They do a software upgrade. How smart is it or how realistic is it that they kick it in in the middle of week instead of hey, we put it in on a friday night and test it all weekend long and its ready on monday morning . A lot of times they do have a release schedule and a lot of times the companies dont want to put it in on the weekend. They want to be able to make sure, you know monday may be a busy day, im not sure what their actual release schedule is. The thing to understand is no matter how many people you have, these updates arent always perfect and they had a rollout plan able obviously, they were down for a couple of hours and this could have been a lot worse. I tell you what we dont know yet how bad it will be with respect to the lingering Public Relations impact. Dave, thanks a lot. We appreciate it. Thank you. All right, listen these have been a rollercoaster days and today will be the same. Except the good news were going to start on the upside. The dow is going to be up from 171 even perhaps 200 points by the opening bell and we do have news coming out right now from the imf. Believe it or not once again, i think they do this every other week. Theyre trimming their Global Economic forecast for the year and no impact on the market. They do this every other week and its going to be zero. Lets take a look at oil. Oil held in there pretty good. A solid bounce today. Down double digits in the month of j you will so this could be a knee jerk bounce. Taking a look at gold right now. The end of the year trade holding in there good. 1164 and always a look at u. S. Treasuries, the flight to safety trade, youve got seven basis points that means money coming out of there, going back into the stock market feeling like perhaps the coast is clear. All right, now to this jeb bush is getting slammed by the left for what he said about getting the economy growing. Take a listen. My aspiration for the country and i believe we can achieve it is 4 growth as far as the eye can see, which means we have to be a lot more productive, and worse force participation has to rise from the alltime modern lows. Mean that people need to work longer hours and through their productivity gain more income for their families. Charlie, the left went off on this. Its not because he said people have to work more. The left is selling for the idea that we can embrace socialism. Well give from the corporations and give from these people. Jeb bush is going to sell or try to sell to the american public. No, only one way to have prosperity in america and thats to roll up your sleeves. I think he used unfortunate words. Charles what words . People have to work longer. The problem is you have very high wages and employment growth at the very top, at the very bottom and everybody in the middle gets screwed because of the way the tax system and because the way that president obama has socialized the economy. Thats the problem you dont think at the bottom if youre only working a 30hour work week, and roll up your sleeves and work two jobs . There are ways to work out of it. Every time on the saturday show you have a different job, but thats not the problem with our economy. Our economy is not producing good paying jobs. One of the reasons theyre doing that because we have immense headwinds and man made headwinds by president obama and the democrats in congress. And created the 30hour work week. And we should be hitting on. I will tell you something, last year over 3 million jobs created experts say 1 million because they lost Unemployment Benefits in other words, they had to go back to work. Thanks, guys. Listen, were less than 20 minutes away from the opening bell. The nyse criticized really harshly from everyone including Charlie Gasparino how they handled the situation yesterday. Strong words from someone who knows a thing or two about Crisis Management and weve got big tech names in the news. Super poligrip seals out more food particles. So your food wont get stuck and you can enjoy every single bite. Eat loud, live loud, super poligrip. Super poligrip holds your dentures tightly in place so you never have to hold back. Laugh loud, live loud, super poligrip. People with type 2 diabetes come from all walks of life. If you have high blood sugar ask your doctor about farxiga. Its a different kind of medicine that works by removing some sugar from your body. Along with diet and exercise farxiga helps lower blood sugar in adults with type 2 diabetes. With one pill a day, farxiga helps lower your a1c. And, although its not a weightloss or bloodpressure drug farxiga may help you lose weight and may even lower Blood Pressure when used with certain diabetes medicines. Do not take if allergic to farxiga or its ingredients. Symptoms of a serious allergic reaction include rash, swelling, or difficulty breathing or swallowing. If you have any of these symptoms stop taking farxiga and seek medical help right away. Do not take farxiga if you have severe kidney problems, are on dialysis, or have bladder cancer. Tell your doctor right away if you have blood or red color in your urine or pain while you urinate. Farxiga can cause serious side effects including dehydration, genital yeast infections in women and men, low blood sugar, kidney problems, and increased bad cholesterol. Common side effects include urinary Tract Infections changes in urination and runny nose. Do the walk of life yeah, you do the walk of life need to lower your blood sugar . Ask your doctor about farxiga. And visit our website to learn how you may be able to get every month free. All right. Guys, big names in tech in the news and laura lauren rather, the headlines. I can be laura, thank you, charles. Fantasy sports has got a new revenue generator for the revamped sports app that lets you bet on sports. More than 50 american americans play daily Fantasy Sports. And they say the betting game is legal and it will keep 10 of the entry fees that the players pay, so its a nice moneymaker here. And here is another story for you about streaming. Wouldnt it be nice to watch the movie at home a few days after it hits the screen. Paramount pictures starts streaming films two weeks after they leave the theater and that comes from the wall street journal and down sharply from the traditional threemonth period. Three months, two weeks, not bad. Paramount inking a deal to shrink that window onto upcoming horror movies. Its likely going to give a cut to the revenue, too, to the theaters. Were talking streaming. Look at this and hulu reporting a staggering right to south park thats more than what it paid for seinfeld. Some people say theres nothing wrong with that. Charles you know my son is more of a south park and that seinfeld fans. Theyre getting all the generations here. Charles they get the beverly hillbillies im in. [laughter] jeff lets face it what is the trade expecting today . Hopefully a smooth open . It was a smooth open. You can see the dollar options pit every other. A lot of people talking this morning. What happened in new york was a nonevent and if the same sort of thing happened here you dont have the same other options. You cant do other stuff. Like you can do yesterday. Right, we trade corner here and nobody else trades corner here, they do in other countries and not here. According to the u. S. If this shuts down they would have to put it back to the Recovery Bank in new york. If that didnt work out, we wouldnt be able to trade. The interesting thing, a lot of traders that we talked to dont believe still this was not coordinated that it was not some sort of terrorist deal. Youre not one of those, youre usually a conspiracy theorist . They want us to believe it was incredible bad luck to have United Airlines and New York Stock Exchange and wall street journal. And i mean however, its highly suspicious and well wait and see, but it shows how reliant we are upon technology. Okay. Charles, back to you. Smooth so far. Charles thats what we like to hear. Thanks jeff. Back to that trading glitch at the nyse. Rudy guiliani did not hold anything back criticizing how the whole thing was handled. Take a listen to this. This statement was a rather useless statement. It means nothing, its gobbledygook. Crisis management 101. You give out specific information, say you dont know know. Joining us is the former commissioner of the cftc and rudy knows about Crisis Management and so do you. Tell us what your thoughts are about how the nyse handled it all yesterday. Yeah sure great to be with you i mean the mayor knows a lot about Crisis Management, but maybe not about market Crisis Management. And i see a lot of these things back from you know from 2007 all the way on, the things that youve talked about this morning the ipo, a facebook the flash crash. The nasdaq shut down a few years ago, all of these things ive seen and i think that the nyse handled this actually really well. I think they effectively communicated all day, not just with traders and the media, but look, because of how markets operate today. The stocks traded at the beginning. Day, traded at the end of the day and they traded on arca some of them traded at nasdaq. So, i think that this is sort of a testament to electronic trading is going forwardment sure, there will be glitches as you perceive. Its better than anticipated and my hat goes off to how they dealt with it. Ive got to tell you maybe the Electronics Trading gets the cued does here, but when you go back to the nyse. We heard that a lot of traders were extremely frustrated and didnt hear anything from management. After we did hear from them there was a new system in place. Couldnt they say we put a new system in place and didnt work. Why did it take so long . Less than half an hour to come out and they said that there was a computer problem. The first thing you think about it from an average person or an average investor you think was this malicious . Was it a terrorist event . Was it a cyber sabotage . And they came out right away. Within minutes and said that it wasnt. And then throughout the day, they worked with the traders and again, you know the president tom farley was on television and some people didnt hear them, but they were worried about, you know this is all contacted, the wall street journal united. The thing you have to watch, did people lose money. The volume was there. Charles that remains to be seen, also. We did close at the lows of the session and you have people wondering why all of the sell orders on the floor were held up and had to be redone. But i think were going to continue to reevaluate this. I dont know the history of all that happened. We appreciate expertise and the question is whether they were trying to cut costs and bought it. And they cut it so bad. It had to be am tuted after he was playing with fireworks and that might not be the worst of the injuries and this could cost millions of dollars and weve got another finger and another finger and a full story for you after this. Tonight, we can this allergy season, will you be a sound sleeper, or a mouth breather. Well, put on a breathe right strip