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Detailed text transcripts for TV channel - CNN - 20100511:11:20:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100511:11:20:00

♪ welcome back to the most news in the morning. it's 20 minutes past the hour. christine romans is "minding your business, hey, christine. >> they are trying to figure out why the market went down 998 points. we have some clues. there was no computer glitch. this wasn't some software problem that sent stocks lower. we know for sure there was no fat finger trader. you remember before the market was down 1,000 points people were speculating that somebody hit the button. it never seemed very likely to a lot of people who are veterans of the market because you can't hit a button and send marke...

Detailed text transcripts for TV channel - CNN - 20100511:17:25:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100511:17:25:00

They can step in and have actual humans. they say human intelligence own you need to get rational again with the artificial intelligence. they have this hybrid model. the hybrid model was working with all these computers and we still -- i mean, i'll be honest with you. they say the nasdaq ceo in mistestimony today, he said floss smoking gun to say why stocks were down 998 points. >> that worries me. sometimes a smoking gun is easier because you know what to solve or you know who to throw in jail or who to fire. this just could be man versus technology. >> i think it's man versus machine. i thi...

Detailed text transcripts for TV channel - CNN - 20100511:11:17:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100511:11:17:00

Have some idea what they've come across and the danger it poses. we have a chance of catching whoever is involved. >> reporter: nobody knows exactly if the bomb went off in new york how much damage it would have caused. if it is anything close to what we saw here, it would have been of devastating. >> when you think that is 300 pounds of fertilizer, if somebody got a hold of a really sophisticated explosive, packed it full of that, the extent of devastation could be. >> makes you think. four days after the dow mysteriously dropped 1,000 points in half an hour. they still don't know the exact c...

Detailed text transcripts for TV channel - CNN - 20100511:17:22:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100511:17:22:00

Whole mojo and i thought we would get answers on the stock market crash because as a business girks some of the people who were testifying and they say that there is no single explanation for the events of thursday afternoon, which is now coming up to 24 hours of me getting unsatisfying things. can you do something for me? >> exactly. >> we will talk about the testimony of new ingredients of the pizza but what happened with the flash crash when the dow just collapsed last thursday 998 points. right now on 3:00 this afternoon on the hill, there's going to be a hearing into what exactly happened...

Detailed text transcripts for TV channel - CNN - 20100510:12:24:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100510:12:24:00

Stabilization fund of $77 billion. all together, this is almost a trillion dollars. it is europe banning together to make sure that it's common currency isn't undone by the problems that you are seeing spreading through here. a lot of people are looking back to '97 and '98, the asian contagion. again and again, we thought it contained. again and again, one country after another was knocked down, very serious problems. they do not want to have that happen right now when you have a world recovery that is still fragile. >> so you have a numeral. >> i do. 998 as in 998 points. >> is this a fluctua...

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