Page 24 - Flash Crash News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Welcome back. right now the dow is down about 12 point. but it is much calmer on wall street than we witnessed yesterday afternoon. the government is looking into the hacking of the associated press's twitter account which referred to a flash crash. it created a post saying there were explosions at the white house and the president was injured. the dow plunged more than 140 point wiping out more than $140 billion before gaining it all back. joining me live now, tyler mathisen, co-anchor of cnbc's "power lunch." i'm curious, looking at the tick tock, tyler, how soon before people realize what h...

Crash. what on earth happened today? the 2010 flash crash. what on earth did happen that day? now we know. there's lots of initial speculation it was a fat finger problem. that human error caused the big dramatic plunge. maybe somebody added an extra couple zeros to an order or something. that didn't end up being true. the securities and exchange commission spent months looking into what happened and issued a report that showed a perfect storm of conditions. it was an unusually turbulent day already for the markets driven mostly by stuff going on in europe. there was one really big trade, on p...

>> is this a fund liquidating? >> stocks go boink and then back up. the markets still were down 300 points today but at one point down more than a thousand points. nasdaq and the new york stock exchange ultimately late in the day decided to do something amazing, to cancel, annul all of the trades that took place in that crazy moment. they decided to annul all of the trades between 2:40 p.m. and 3:00 p.m. eastern. if those trades showed a fluctuation of more than 60% of what they were before the flash crash. what on earth happened today? the 2010 flash crash. what on earth did happen that day? ...

That means the number of ships participating will be limited. the "wall street journal" reports fleet week costs the navy $7 to $10 million. know knew the winklevoss twins, coin barons. so the twins were arch rivals to facebook owner mark zuckerberg have been stocking up on this money called bit coin. >> one of the single largest bit coin portfolios. now you might know the bit coin world is quite anonymous. but these twins have come out, publicly disclosed, they have a big stake before the crash yesterday. they owned nearly $11 worth. it did come to attention in terms of wall street and the ...

The perils of this type of trading? >> think about it this way. if you have a car that can do 200 miles an hour, should you drive it 200 miles an hour? no. this is like a freeway with no speed limits and some people have ferraris and some people have camrys. >> just to be clear, the average investor, the person watching me now cannot get that ferrari. this is not something you can compete with. if you're the most active day trader going, this high frequency trading can trigger a flash crash. that you can have nothing to do with. >> these are systems that are very closely guarded by the big com...