Day: July 4, 2017

1499187303156.jpg

Tattooed woman's murder, dismemberment under investigation – Baby's coffin found on street with organs inside, but no body


New York City police believe a New Jersey woman who disappeared after serving drinks at a trendy bar that just opened was killed and dismembered and her body parts dumped in the Hudson River.

Police say a woman’s torso and leg that washed ashore off Brooklyn and Manhattan last week appear to belong to the missing woman, 31-year-old Jennifer Londono, the New York Post reported Monday.

She was last seen June 25 at Luna Lounge, a bar and restaurant in Englewood, N.J., where she was a bartender and a manager.

The cops assigned to the grisly case are now questioning Londono’s boyfriend, the paper reported, citing a police source.

The paper quoted police and other reports as saying that Londono’s blood was found in the boyfriend’s bathtub.

So far there are been “inconsistencies” in his story, a source told the paper.

HUSBAND SHOOTS, KILLS WIFE IN THEIR UBER CAR, POLICE SAY

Londono’s mother told cops that her daughter’s tattoo matches the one found on the torso recovered in the Red Hook section of Brooklyn on June 27.

The NYPD released an image of the body’s tattoo last week.

 A couple walking a dog found the torso cut from the waist to the knees, The Post reported.

The leg washed up near a boat basin along Manhattan’s West Side Saturday.

DRUG DEALER CONVICTED OF KILLING FOX EXEC

Police said the body part was not decomposed and the toenails were painted pink, the paper reported.

Londono’s friends want her killer brought to justice, WABC-TV reported Tuesday.

“I want this person to actually pay for everything, for every little bit of pain that we’re all suffering, the people here, that the family is going through,” one of the woman’s friends, Andres Giraldo, told the station.



Source link

1499192632924.jpg

Joey Chestnut wins another Nathan's hot dog eating contest – Fire breaks out at Arizona fireworks show – Russia trolls US, Trump with Fourth of July tweet


Joey “Jaws” Chestnut captured his second consecutive and 10th career Nathan’s Hot Dog Eating Contest title with a record-breaking effort Tuesday in Coney Island.

Chestnut devoured 72 hot dogs and buns in 10 minutes – the most in Coney Island history – besting Carmen “The Mutiny” Cincotti, of Mays Landing, NJ, who ate 68 dogs.

Chestnut, from San Jose, California, has won the famed Mustard Belt 10 of the past 11 years – a remarkable run only interrupted by Matt “Megatoad” Stonie in 2015.

Stonie came in third place on Tuesday, downing 48 hot dogs.

Chestnut said the warm, muggy weather got to him and insisted he can do better than 72.

“I slowed down quite a bit, I was sweating like a mad dog,” Chestnut said. “I know I can do better. Next year if I come back, you can bet I’ll be pushing harder.”

CLICK TO READ MORE FROM THE NEW YORK POST.



Source link

1499200328575.jpg

Illinois Senate overrides governor's tax hike veto


The Illinois Senate voted to override Gov. Bruce Rauner’s vetoes of a $36 billion budget package Tuesday, including a $5 billion tax increase designed to start digging out of the nation’s longest budget crisis since at least the Great Depression.

The Democratic-controlled chamber completed its work within 30 minutes of the Republican governor’s vetoes, sending the package back to the House for an override vote that would give Illinois its first annual budget since 2015.

The House did not plan to take up the action Tuesday.

“The package of legislation fails to address Illinois’ fiscal and economic crisis — and in fact, makes it worse in the long run,” the first-term governor wrote after his veto of the tax-increase bill. “It does not balance the budget. It does not make nearly sufficient spending reductions.”

Rauner acted about three hours after the Senate voted to hike the personal income tax rate by 32 percent, from 3.75 percent to just under 5 percent. Corporations would pay 7 percent instead of just over 5 percent.

“We are at a moment in time. We are faced today with the fierce urgency of ‘now,”‘ said the tax increase legislation’s sponsor, Sen. Toi Hutchinson of Olympia Fields. “We don’t have any more time. And too late is not good enough.”

The House OK’d the tax increase with 72 votes on Sunday, one more than necessary, with the help of 15 Republicans. Whether they’ll continue to defy Rauner remains to be seen. House Speaker Michael Madigan told WICS-TV that there would be no House action Tuesday.

Rauner promised to veto the tax measure because Democrats who control the General Assembly have not agreed to resolve his pet issues, including statewide property tax relief, cost reductions in workers’ compensation and benefits for state-employee pensions, and an easier process for dissolving or eliminating local governments.

“It’s regrettable that I stand here today not capable of being able to support this package, not because what’s in the package is bad, but because it’s incomplete,” said the Senate’s newly minted minority leader, Bill Brady of Bloomington. “We need a comprehensive budget package with reforms.”

If Rauner doesn’t like the tax plan, the financial world does. On Monday, two of the nation’s top credit-ratings agencies signaled it would be a good idea for Rauner to accept the results. Fitch Ratings and S&P Global Ratings, having earlier threatened to move Illinois’ creditworthiness into “junk” status without swift action to approve a budget, smiled favorably on the financial outlook.

Democrats and Republicans have negotiated the issues that Rauner considers outstanding in the two weeks since the special session began. But the GOP claims talks broke down over the weekend in advance of Madigan calling the budget votes. Madigan said Monday that those talks were ongoing.

“We’ll continue to work with the Republicans on those issues until they’re resolved,” Madigan said.



Source link

kobach.jpg

White House voter fraud panel slams Va. gov's 'idiotic' refusal despite recent plea deal


Jones Rips ‘Absurd’ Report Saying Minorities Uneasy Celebrating 4th Under Trump

Peterson: Trump Critics Claim ‘Racism’ Because They’re ‘Desperate’ to Destroy Him


The vice chairman of a vote integrity commission set up by the White House blasted the dozens of states that refused to comply with requests to hand over voter registration information.

Kansas Secretary of State Kris Kobach (R) noted Virginia Gov. Terry McAuliffe’s (D) refusal, citing how prosecutors offered a plea deal to a young man convicted of registering several dead people to vote.

A majority of states refused requests from the commission to submit voter rolls so they can be checked against federal databases.

Kobach told the Washington Times that he was especially perplexed at McAuliffe’s refusal to comply.

“I have no intention of honoring this request. Virginia conducts fair, honest and democratic elections and there is no evidence of significant voter fraud in Virginia,” McAuliffe said.

But, Kobach pointed to the case of Andrew Spieles, a student at James Madison University, who was sentenced to 100 to 120 days in jail for filing several fraudulent voter registration applications.

According to WTVR, the Harrisonburg man filed 18 suspicious forms – some using the names of deceased people – and secured a plea deal in court.

A spokesperson for U.S. Attorney Rick Mountcastle said Spieles used a Virginia Democratic Party computer system to enter information for voter applications.

The local registrar’s office later flagged an entry because they recognized it as that of the late father of a judge in nearby Rockingham County.

Kobach said McAuliffe’s refusal was questionable because Spieles’ case was decided within the past month.

“It’s idiotic. These states make the information available to the public, but they don’t want a presidential commission to take a serious look at it?” Kobach said of McAuliffe and the other governors who have refused.


‘I’m Going to Take His A** Apart’: Rep. Maxine Waters Blasts Ben Carson

Tucker on Trump-CNN Vid: One ‘Promotes Fictional Narratives & Rigs Fights,’ the Other Is WWE



Source link

694940094001_5491251459001_5491241857001-vs.jpg

Trump faces delicate diplomatic dance with Putin meeting, on G-20 sidelines


President Trump lands here in the Polish capital Wednesday where he’ll find an audience that’s open to his brand of politics. But while the president will try to show he stands shoulder-to-shoulder with eastern European NATO allies, the visit comes just hours ahead of the biggest diplomatic test of his young presidency: his first meeting with Russian President Vladimir Putin.

“Poland is a country with a government that’s likeminded with Trump. They have a very conservative government that’s also favored very restrictive immigration policies,” said Jordan Tama, a professor at American University’s School of International Service. “I think Trump felt that this is a country where he would have a warm reception and he probably will have a warm reception there.”

But Poland also exists in the shadow of Russian aggression and has been concerned the Trump administration isn’t fully committed to helping NATO fight it.

Despite campaign rhetoric that questioned the U.S. financial commitment to the alliance, Trump shocked leaders during a May speech when he admonished many of them for not spending 2 percent of their gross domestic product on defense.

Though it’s a message that’s been repeated for years by both Presidents Barack Obama and Trump, the way it was delivered surprised many of the leaders who stood alongside him during the speech at the grand opening of the new NATO headquarters in Brussels.

“If NATO countries made their full and complete contributions, then NATO would be even stronger than it is today,” the president said.

Poland barely meets the 2 percent minimum and is one of only five nations that cross that bar. While 24 others do not, NATO members have pledged an additional $12 billion this year after Trump challenged them. 

But the U.S. is still heavily involved in the defense of NATO’s eastern flank. There are at least 1,000 U.S. troops in Poland, a fourth of the total number dedicated to NATO’s Operation Atlantic Resolve — a show of force that ramped up after Russian-backed forces entered Ukraine in 2014. And a portion of a U.S.-backed missile defense system goes online here next year.

Still, the Polish government will want Trump to take a hard line with Putin when the two meet for the first time on the sidelines of the G-20 summit in Hamburg, Germany. The White House won’t say what the two will talk about, but has confirmed the meeting is set for Friday afternoon.

“Well there’s no specific agenda,” said White House National Security Advisor H.R. McMaster. “It’s really going to be whatever the president wants to talk about.”

Analysts suggest the president will have a decision to make ahead of the bilateral meeting with Putin.

“Trump has to choose really here to some extent,” Tama said. “He has to choose whether he is going to prioritize the NATO alliance, prioritize transatlantic security and standing with European countries to deter Russia or prioritize improved relations with Russia.”

The president may look to improve relations with European allies too, specifically Germany, where Chancellor Angela Merkel will host the G-20 summit. After Trump touted his America First agenda at NATO and the G-7 summit last month in Taormina, Italy, Merkel indicated Europe was on its own.

“The times in which we can fully count on others are somewhat over, as I have experienced in the past few days,” Merkel said. “And that is why I can only say: We Europeans must really take our destiny into our own hands.”

The president and the German chancellor clashed during the meetings over trade deficits and the U.S. withdrawal from the Paris Climate Accord. Administration officials have signaled the president is open to renegotiating the climate agreement or starting work on a new one.

But it will be the meeting with Putin amid allegations Russia influenced the 2016 U.S. election that will put the president’s diplomacy to the test.

“To the extent that it looks like Trump is too eager to smooth things over with Putin and just cooperate with Russia despite Russian bad behavior, he’ll be subject to domestic criticism here at home,” Tama said.

Asked specifically whether Trump will bring up allegations of Russian meddling in the 2016 U.S. presidential election, White House officials again declined to share an agenda.

It’s an agenda that will be watched closely at home and around the world. 



Source link

694940094001_5462506336001_5462494178001-vs.jpg

Food stamp rolls plummet in states that restore work requirements


After the food stamp rolls swelled for years under the Obama administration, fresh figures show a dramatic reduction in states that recently have moved to restore work requirements.

States were allowed to waive those rules for able-bodied adults thanks to the 2009 economic stimulus. As the rules loosened and the economy sputtered out of the recession, food stamp enrollment soared to record levels – peaking at nearly 48 million nationwide in 2013.

But while that number has dipped gradually in recent years, some states have moved aggressively to push recipients who can work back into the job market and, in due time, off the program.

Alabama began 2017 by requiring able-bodied adults without children in 13 counties to either find a job or participate in work training as a condition for continuing to receive Supplemental Nutrition Assistance Program (SNAP) benefits. 

SEATTLE MINIMUM WAGE HIKE HURTING WORKERS?

According to AL.com, the number of those recipients declined from 5,538 to 831 between Jan. 1 and the beginning of May – an 85 percent drop.

Similar changes were implemented in select counties in Georgia and by the end of the first three months, the number of adults receiving benefits in three participating counties dropped 58 percent, according to the Georgia Public Policy Foundation.

‘Welfare was never intended to be a one-way handout, but a program based on the idea of reciprocity.’

– Heritage Foundation fellow Robert Rector

The Atlanta Journal-Constitution recently reported that in 21 additional counties that restored the work requirement, there was a 62 percent drop in SNAP participants.

“Work requirements have been enormously successful at reducing the number of people on food stamps. And while they made sense in the early part of the recession when unemployment was higher, that is no longer the case,” said Robert Doar, a fellow in poverty studies at the American Enterprise Institute.

A key component of the 1996 welfare reform bill, the work requirement applies to able-bodied adults without dependents (ABAWD) between the ages of 18 to 49.

However, as part of his 2009 economic stimulus, then-President Barack Obama allowed states to waive SNAP work requirements, which resulted in the number of ABAWDs on food stamps more than doubling from 1.9 million in 2008 to 3.9 million in 2010, according to a 2012 Congressional Research Service study.

The number continued to rise but has since slipped to roughly 4.2 million. According to the USDA, most states still offer full or partial waivers.  

Advocates for waivers argue that the flexibility is needed to help people get back on their feet in the wake of the economic crisis. And a call in the Trump administration’s budget to resurrect the work mandate and scale back SNAP’s budget has drawn fire from anti-hunger advocates.

“Parents will work just as hard at unforgiving jobs and see less food on the table for their families. Children will become sicker without the proper nutrition, ending up in hospitals or on the rolls of what social services remain. Some children will die,” Mariana Chilton, a professor of public health at Drexel University, predicted in a column for The Hill.

SNAP reform, however, could be bolstered by the developments at the state level.

“Welfare was never intended to be a one-way handout, but a program based on the idea of reciprocity,” said Robert Rector, a fellow at the conservative Heritage Foundation. “Those who receive benefits from the government should be required to work or participate in work-training as a condition.”

Doar and Rector cite reforms made by Republican Gov. Paul LePage of Maine.

In October 2014, LePage announced that able-bodied adults would have to find work, spend 20 hours per week in a work program, or perform community service for six hours a week.

Food stamp participation declined 14.5 percent from 235,771 in January 2014 to 201,557 in January 2015, according to the state.

An analysis of a group of 7,000 Mainers who left SNAP in 2014 found their total earnings increased from $3.85 million in the third quarter 2014 to $8.24 million in the last quarter of 2015.

Kansas saw a 75 percent decline after implementing work requirements in 2013. In addition, nearly 60 percent of former beneficiaries found employment within 12 months and their incomes rose by an average of 127 percent per year, according to the Foundation for Government Accountability.

The Maine model taken nationwide could save taxpayers over $8.4 billion per year, according to Rector.

That is the goal of Rep. Jim Jordan, R-Ohio, and Sen. Mike Lee, R-Utah, who have introduced a bill to require able-bodied adults without children to participate in “work activation” initiatives as a condition of their benefits. It also imposes time limits on SNAP participation.

“We should be incentivizing work, not providing a disincentive to find a job, which is a good thing both for the taxpayer as well as for the beneficiary,” Jordan said.

Jordan told Fox News he speaks with business owners in his district every day who cannot find workers to fill open positions.

“The focus of these programs should be on how we can help adults get their families to a better way of life,” Jordan said.



Source link

cnnstelter.jpg

'TUCKER CARLSON TONIGHT': Tucker on Trump-CNN vid: One 'promotes fictional narratives & rigs fights,' the other is WWE


Cavuto: Media Fears ‘Silly’ Tweet, But Ignores Real Violence From Left

Judicial Watch Pres: Mueller’s Russia Probe ‘Out of Control,’ Should Be Shut Down


Tucker Carlson reacted to President Trump’s recent tweet containing a 2007 clip of his staged brawl with WWE head Vince McMahon.

Trump’s recent clip was altered to show McMahon with a CNN logo for a head as the then-businessman punched him in the face.

Carlson said he doesn’t always agree with Trump’s decisions to tweet on nongovernmental issues, but that the media’s reaction to the clip was predictable.

A CNN panel lit into Trump’s decision to mock them, with commentator Brian Stelter claiming the tweet was so offensive it should lead to the president being removed from Twitter.

Stelter said he reported the tweet to Twitter, viewing the clip as a violation of the “terms of service” which prohibit harassment.

Republican analyst Ana Navarro said Trump is inciting violence and is going to “get someone killed in the media.”

Admiral John Kirby, a former Obama Pentagon spokesman, said on CNN that Trump is telling the public that “this kind of violence is ok.”

Carlson said the media response proved that the press “focuses on the absurd” and “can’t be taken seriously.”

“One [of the actors] is an entertainment venture that promotes over-the-top fictional narratives and rigs its fights – the other is WWE,” Carlson said.

Radio host Tammy Bruce said she was fine with Trump tweeting in this way, saying in that “half-second” it takes to send a message, he can send the media haywire while he works on his agenda.

Watch the clip above.


WATCH: Vittert Challenges Christie Spox on Gov’s Controversial Beach Trip

‘You’re Getting Played’: GOP Rep Takes on CNN Host Over Trump Tweets



Source link

694940094001_5492012624001_5491982851001-vs.jpg

'DESTROYING THE PARTY' Kucinich rips Dems' call for Trump mental exam


Dennis Kucinich, the former Democratic congressman and presidential candidate, blasted his party colleagues on Tuesday over a push to examine President Trump’s mental and physical fitness for office – and potentially use the findings to seek his removal.

The campaign is being led by Rep. Jamie Raskin, D-Md., who has tried to rally support for his bill in the wake of Trump’s controversial attacks on various media outlets and personalities.

But Kucinich told “Fox & Friends” that Democrats aren’t doing the party any favors with proposals like this.

“It’s a political statement, not a medical statement,” said Kucinich, a Fox News contributor. “I think it’s destroying the party as an effective opposition.”

He continued, “People want political parties to be focused on America’s economic needs, jobs, wages, heath care, education, retirement security and peace — and they want American politicians to be constructive, not destructive.”

Kucinich speculated that some in his party are having a tough time trying to “reconcile” the results of the November election with their own politics but called for lawmakers to find common ground. 

DEMS MAKE EARLY CALLS FOR IMPEACHMENT

“What’s happening here is not good for the country,” Kucinich said.

The bill in question would establish an “Oversight Commission on Presidential Capacity,” tasked with carrying out a “medical examination of the President to determine whether the President is mentally or physically unable to discharge the powers and duties of the office.” Under the bill, this determination could be made if the “Commission finds that the President is temporarily or permanently impaired by physical illness or disability, mental illness, mental deficiency, or alcohol or drug use to the extent that the person lacks sufficient understanding or capacity to execute the powers and duties of the office of President.”

The bill cites the 25th Amendment, which states the vice president shall assume the powers of the presidency when the president is declared “unable to discharge the powers and duties of his office.”

The same section, though, makes clear that the vice president and others would need to sign off on such a decision – which could speak to why Kucinich and other critics view this as a purely symbolic effort.   

Raskin introduced the bill in April, but revived the push amid the controversy over Trump’s attacks on the media, including CNN and the hosts of MSNBC’s “Morning Joe.”

“The President should take a break from watching TV and read the #25thAmendment to the Constitution. There are ways out of this,” Raskin tweeted on Friday.

The bill has nearly two-dozen cosponsors, including former Democratic Party leader Debbie Wasserman Schultz. 



Source link

694940094001_5491159150001_5491154199001-vs.jpg

PROUD AMERICAN How US Air Force fights ISIS one jet at a time


Three years ago, the world was surprised and shocked by the gruesome images emerging from Iraq and Syria. An evil group known as ISIS began controlling  territory and violently murdering those who stood in their way. In the three years since the U.S. and coalition forces began reversing the group’s efforts to establish a “caliphate” and ruthlessly implement its medieval practices, much has changed. ISIS has suffered severe losses in Iraq and the Iraqi army has made gallant sacrifices and strides in taking its country back, block by block. It’s been heartening to see a divided nation come together against a common enemy, and the Iraqis have truly shared the risks with coalition troops.

In Syria, the outlook for ISIS grows more grim by the day. Indigenous fighters, aided by U.S. airpower and special operations forces — and the notable efforts of our allies — are destroying them. While some ISIS fighters may leave and try to disperse across the region, they have suffered crushing blow after crushing blow on the battlefield. From Ramadi to Manbij to Mosul, wherever they have stood and fought they have largely perished. In Sirte, Libya, their efforts to re-form as fighting units led to yet another catastrophic defeat.

There are many unusual elements to Operation Inherent Resolve, the official name for the fight to defeat the Islamic State in Iraq and Syria. In many ways, it is a war that is both difficult to fight and difficult to understand. Unlike previous conflicts in the region over the past three decades, there is limited press coverage and a limited number of reporters who have “embedded” with American troops to help tell their stories. That is due in part to the brutality of the battlefield, the inevitable political challenges within any coalition and to logistical hurdles in getting reporters airborne over the fight.

So as we think about July 4th and America’s Independence Day, we recognize the sacrifices and resolve of America and her allies in eradicating this latest scourge. For our Air Force, it means 16,000 Airmen heavily involved in the conflict, flying 70 percent of the missions and dropping 100 bombs a day. In some ways, this fight foreshadows some of the ways we will likely go to war in the future. We will need highly skilled and trained forces who can act swiftly on battlefield intelligence and stay several steps ahead of our adversaries.

The great World War II Air Force leader, Gen. Hap Arnold, lamented that the problem with airpower is “we make it look too easy.” The fight against ISIS is heavily reliant on a modern version of airpower and reminds us of Arnold’s words. Finding and eliminating ISIS fighters, who care little for human life and the safety of others, is anything but easy.

For the Airmen we lead and serve, this is the latest chapter in an ongoing story in the Middle East, where we have been in continuous combat for 26 years. Since Desert Shield and Desert Storm, Airmen have served on the front lines in the region, providing stability and, when necessary, lethal combat power. The fight to eradicate ISIS is one that our nation, and our military forces, should be proud of – especially on this day.

Dr. Heather Wilson is the Secretary of the Air Force.

Gen. David Goldfein is the Air Force Chief of Staff.



Source link

1499182461043.jpg

Trading glitch briefly sets Apple, Amazon and Microsoft stock prices at $123.47 – G-20 watchdog says no letup in correspondent banking decline


A flood of incorrect stock-market data briefly hit traders’ screens around the globe early Tuesday morning in Asia, showing apparent huge moves in the Nasdaq-listed share prices of some of the world’s biggest companies, including tech giants Apple Inc., Microsoft Corp. and Amazon.com Inc. 

The faulty data on stock prices appeared on several platforms including Yahoo Finance, Google Finance and on Bloomberg terminals between 6 a.m. and 7 a.m. Hong Kong time, after U.S. markets Monday had closed early ahead of the Independence Day holiday. 

As a result of the glitch, several stocks briefly showed their price to be $123.47 — equivalent to a 14% drop in Apple’s shares, an 87% plunge for Amazon and a 79% surge for Microsoft. 

Joe Christinat, a Nasdaq spokesman, said no actual trades were affected by the glitch. Both normal trading and so-called after-markets trading, when investors can continue to trade via the exchange for a further four hours, had ended for the day on Nasdaq by the time the wrong data appeared. 

If the stock price moves had actually occurred, it would have knocked $104 billion off the market value of Apple, the world’s most valuable stock. Amazon’s market cap would have dropped $396 billion, while Microsoft’s would have risen $415 billion. 

The appearance of the incorrect data sparked disagreement over who was to blame. A spokesman for Nasdaq said the problem was caused by test data being improperly disseminated by third-party vendors including Bloomberg. 

Continue Reading Below

However, a person familiar with one of the vendors said Nasdaq had changed its testing protocols but had not informed vendors ahead of time. Nasdaq said it had sent out a standard alert to the market on June 26 with the schedule for its data feeds for the early close on July 3. 

A story that appeared early on Bloomberg’s website Tuesday initially said a Nasdaq error had caused the faulty data. The story was later corrected to remove the reference to the Nasdaq error. 

“This is a vendor issue, not a Nasdaq issue,” said Nasdaq’s Mr. Christinat, saying that others such as FactSet and even Nasdaq.com showed correct pricing data. That difference suggested that the faulty data issue was more the responsibility of some data providers. 

In an emailed statement, a Google representative said, “We can confirm that our third-party finance data partner was providing some inaccurate information, which they received from Nasdaq.” 

“This is currently being fixed and we hope to update our stock price data shortly,” Google said. According to the company’s website, the closing prices on Google Finance are provided by SIX Financial Information and its intraday pricing data are provided by Interactive Data Real-Time Services. However, Google declined to confirm that those companies provide data to Google Finance. 

A representative for SIX said its data feed wasn’t the problem. 

“We checked our data and it was correct,” the representative said. “No incorrect prices came from us.” 

Apple, Amazon and Microsoft didn’t respond immediately to requests for comment. 

Stock markets in the U.S. were open for only a half-day session Monday and will be closed Tuesday in observance of Independence Day. Aftermarket hours on Nasdaq, during which shares trade following the close of the regular session, usually last for four hours. The market typically closes at 4 p.m. ET. 

Nasdaq’s Mr. Christinat said Monday’s early close at 1 p.m. ET might have played a role in the confusion that prompted the improper use and dissemination of test data, which he said is sent out after every trading day. 

“I’ve seen quite a few ‘fat-finger’ incidents when you get a funny price briefly,” said Eric Moffett, a portfolio manager for the T. Rowe Price Asia Opportunities Equity Fund in Hong Kong. “When I saw the series of alerts, I figured something was up.” 

Mr. Moffett said he takes a long-term view on the stocks his fund invests in, so any sharp moves in the market — whether from a fat finger or not — likely won’t prompt any significant trading activity. Even so, he said the flurry of alerts related to the pricing issues caught his attention. 

“I immediately wondered with something like this if there was some sort of cyberattack,” Mr. Moffett said. 

Mr. Christinat at Nasdaq said he didn’t see any evidence of a hack or a cyberattack affecting the erroneous pricing. 

Several high-profile trading glitches have roiled markets in recent years. In August 2013, a technical glitch knocked out trading in all Nasdaq Stock Market securities for three hours due to a problem with the data feed that supplied trade information. In July 2015, a glitch forced the New York Stock Exchange to halt trading for nearly four hours. 

Meanwhile, in May 2010, the Dow Jones Industrial Average plunged nearly 1000 points in a matter of minutes before rebounding quickly in what widely became known as the “flash crash.” 

The difference this time is that no trades appear to have been affected by the latest fiasco. A trader notice from Nasdaq said “certain third parties improperly propagated test data that was distributed as part of the normal evening test procedures.” The notice added: “All production data was completed by 5:16 p.m. ET as expected per the early close of the markets. Any data messages received post 5:16 p.m. should be deemed as test data and purged from direct data recipient’s databases.” 

A system status message posted on Nasdaq’s website said “systems are operating normally.” However, not all stock quotes appeared to be accurate. Shares in Nasdaq-listed biotech giant Amgen Inc. were still being incorrectly shown down 28% at $123.45 on Google Finance by late evening Asia time. The stock actually closed Monday at $172.80. 

Amgen didn’t respond immediately to a request for comment.



Source link