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Detailed text transcripts for TV channel - CNN - 20100507:13:29:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100507:13:29:00

Poppy, what are traders expecting? >> we are about a minute away from the open on wall street. looking good. heading into that after that huge decline yesterday. this was a bad day made worse by technology. that's the bottom line. let's stop talking about glitches or human errors. we don't flow that. what we do know is that this market was down 500 points before the precipitous decline where it fell 1,000 points. the greece troubles, the european debt woes are what traders are looking at. it was computers getting ahead of man. sometimes you have to take the plane off autopilot. computers trade...

Detailed text transcripts for TV channel - CNN - 20100507:13:01:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100507:13:01:00

Tercomputers that do most of the trade. they move automatically. that's what it seems happens. we do have the s.e.c. and the commodities futures looking into this. nasdaq said this was not a system error. they are also going to take back some of the trades that were made between 2:40 and 3:00 trying to make up for some of the losses. the nasdaq saying we had no tech no technology or issues. we will follow it throughout the day with you. a painful day for some on wall street. we are going to see what today brings. another day of misery for those in greece. the country we love for its gorgeous w...