“Marketplace Morning Report,” hosted by David Brancaccio, is the business news you need to know to start your day. “Marketplace Morning Report” gets you up to speed on what you missed when you were sleeping, kicking off each weekday with a global business update from the BBC World Service in London.
Airing on Wednesday, April 22, 2015: May 6th 2010 at 2:42 pm Wall Street Time, the Dow began a sickening slide of more than 1000 points in just a matter of minutes. By shortly after 3 PM, prices had largely recovered. What came to be known as the "Flash Crash" freaked everybody out and led to new circuitbreakers built into markets. A post mortem later showed that a single big trade by a financial firm may have precipatated this, but that high frequency traders made things worse. With that background, here's the news: authorities in London have now arrested a high frequency trader, 36 year old Navinder Singh Sarao, for allegedly trying to manipulate the market during the flash crash—perhaps single-handedly, using commercially available software. More on that. Plus, we'll talk to Kristen Lewis, co-director of Measure of America, about well-being in the U.S. and variations between congressional districts. …read more