Marketplace Morning Report for Wednesday, April 22, 2015
Apr 22, 2015

Marketplace Morning Report for Wednesday, April 22, 2015

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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. 

Segments From this episode

You're mortal, so write your will

Apr 22, 2015
A survey says more than half of American parents lack a will or a living trust.

Raising water rates isn't just a California problem

Apr 22, 2015
Efforts to raise water rates across the country are being met with resistance.

Police departments grapple with body camera costs

Apr 22, 2015
Implementing the cameras costs means more than just new equipment.

A look at how you're doing based on where you vote

Apr 22, 2015
A breakdown of well-being by congressional district.

PODCAST: The spark behind the "Flash Crash"

Apr 22, 2015
More on the alleged culprit behind the "Flash Crash," Google's wireless service, and California's drought.

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. 

The team

Stephen Ryan Producer, BBC