Page 11 - Rasheed Davis News Today : Breaking News, Live Updates & Top Stories | Vimarsana

good morning to from you new york where the stock market storm has passed this morning after a harrowing five minute free-fall yesterday. good morning, harry. >> reporter: i tell you, there was a few moments yesterday when some of the most important socks in the country were trading for as little as a penny a piece. that's one cent a piece. how this happened and what might happen today, we'll talk about in just a second. >> we will also take you this morning to the gulf of mexico where cleanup crews have finally successfully lowered that dome into the water that they hope will stop t...

looking at whether it could have been caused by a typo. one possibility is that a trader may have put in a sell order for $16 billion instead of $16 million. that simple. whatever the reason, though, computerized selling kicked in, and the dow lost almost 1,000 points. it later recovered two-thirds of that loss. the big plunge caused sheer panic for some investors. before the markets gradually bounced back. money expert jennifer westhoven is here now to show you how it happened moment by moment. isn't it a scary, thought, jen. >> yes. >> just like possibly a human error, do, do, do...

was stopped head. >> reporter: one ever the key questions is how close was this? how far apart were the two trains that nearly collided. metro says all of that is still under investigation. until they know what happened, they're going to slow things down a bit at this station. for the time being trains coming into the forest glen metro station are in what's called an absolute block, meaning one train at a time until investigators can figure out how two trains nearly collided here wednesday afternoon. news passengers were not too happy to hear. >> that's kind of sayy, yeah. i ride thi...

prompted by a perfect storm, jitters over europe's debt crisis, too many countries spending too much money, and what they say is human error basically a typo. martha: they call it the fat finger! bill: fat finger. martha: we'll explain. bill: good morning, i'm bill hemmer, lots to explain. martha: hey everybody, i'll martha mcical up. there are reports that that was a proctor & gamble trade, we believe, that was supposed to be done in the millions. instead, somebody punched the wrong letter, and put it in for billions. huge difference, folks. that is said to be what set off the worst...

captions paid for by nbc-universal television good morning, welcome to "today" on a friday morning. i'm matt lauer, live from the floor of the new york stock exchange where meredith, it is thankfully quiet right now. >> you got that right, matt. i'm back in studio 1a. all of the major overseas markets down overnight following some of the most gut-wrenching hours in wall street history. matt? >> the drop was fast and it was astonishing, meredith. just after 2:30 eastern time, the dow went from being down about 400 points to 800 points. it would lose another 198 points so a total of ...