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Transcripts For CNBC The Kudlow Report 20130822

Was price discovery problem. The trading was fine, figuring out the price was not. That was about 12 23. At first it seemed like a small deal. Then bigger. Shortly after that the nasdaq halted all nasdaq trade stocks and it wasnt just at the nasdaq because you can trade nasdaq names on other platforms, but all the other platforms were stopped trading because nobody could uncover the correct price for anything, basically around 3 30 stocks started trading again. It didnt affect anything except the nasdaq price itself. We finally got a statement and it said there was a problem, basically Price Transparency but didnt go into further detail exactly what the problem was or what caused it. I got a copy of this thing that youre referring to which came in about 5 30. So it talks about sip, it basically says the securities industry processor which is responsible for processing all these prices broke down. Okay. I dont know. Why did it ....

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