Page 43 - Rob Cox News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nearing near the bottom of the pack despite the fact they account for 40% of the federal revenue that's spent across the country. rob cox u.s. a, has crunched th numbers. we welcome you. what is the overall sort of theme as it reveals itself. >> we're now in a position, we're talking about bailout. the federal government should they bail out states. should they be allowed to go bankrupt. a lot of people from the best deal states saying no way, no bailout. look, i'm not saying we should bailout states but there's a good argument that the governors and taxpayers of states like new york, new jers...

In the business of moving money from one state to the other, regardless of any politicians rhetoric about i don't need you and you don't need me. >> look whether you like it or not, people talk about the redistribution of wealth. that's what the tax code has always done and that's what it has done in spades for many of these poor states around the nation. it's what separates us from europe f-you will. it's, again, going back to that point. german taxpayers don't want to do it. they don't want to bailout the portugese or the irish and so it's what makes us a nation. why we won't disintegrate th...

Your predictions? >> tomorrow, we will have some idea. nasdaq put out a note they will cancel thousands of trades made from 2:40 to 3:00, anything that showed an an nominalist drop during that period and get an indication of what happened. people will focus on the bright side of things. to be honest, tomorrow we have job reports coming out. by all indications, maybe it's optimism on my part, i think it will be a great number and people will say, hey, wait a minute, the fundamentals of the u.s. economy is working, stimulus is working and companies are hiring and people will forget a couple week...

The dow fell 700 points in just 15 minutes, then gain ed 600 points in the next 20 minutes. the financial industry is trying to figure out what happened and human error may be to blame. there are reports a trader may have typed in the letter b for billion instead of m for million. which, of course, happens all the time in washington. this, of course, was suspected to be on a regular market order, triggering the dow's nose-dive. for more, let me bring in rob cox, u.s. commentary editor with reuters. i'll let you take a shot at it. what happened here? was it just a typo or are we nervous about w...

Latest updates on this topic from reliable sources.