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FBN's Charlie Gasparino on the potential for Nasdaq CEO Bob Greifeld to lose his job and Facebook's potential damages to investors.
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Thanks Laura.
Already is the NASDAQ feeding the wrong -- -- gullible reporters about the -- gullible reporters I wanted to -- -- Vatican taking personal offense no certainly not Charlie Gasparino.
He is the truth about what the big board is actually doing joins us now to exclusive details are you -- -- reportedly Orlando.
Little -- let the cat scratch right.
Guys I don't know something W -- Did indicate that's it -- I didn't think it'd take that you wanted to get your pillow fight after the it -- -- -- from the goodfellas Hollywood to chicks and like what will Google will -- -- I wanna beat Charlie.
What's shifted some interest in -- and we'll get to this story yes they would that we exclusively broke about the soft pitch from the New York Stock Exchange to -- to kind of bring them over.
Put that into the right context number one we do know this right Bob -- the CEO -- NASDAQ -- following this debacle.
With last week's trading.
On the ropes -- -- market sources and this is is a CEOs of the major companies.
That deal with the NASDAQ believe that -- days are numbered really I'm not telling -- that he's gonna go.
Just -- with the sentiment is out there that Bob Wright field stays in numbers we should point out that his actions.
Sort of underscore that you don't go.
Kissing everybody's rear Rand on Wall Street over the last couple days including going to Morgan Stanley which you initially blamed for -- pricing to deal.
And causing the problems rate go there as we first reported and apologizes which -- -- -- a couple days ago.
You don't do that unless you are fighting for your job so Bob -- -- clearly is on the ropes.
We should point out that.
The numbers that are being bandied about about potential liability -- pretty much low.
Here's how you know this and I think we go back to -- -- initial number of the initial story I wrote on Sunday between a 10200.
Billion million dollars.
I don't I know that Tom Joyce the head of -- -- -- securities last night put out a statement essentially.
Did some disclosure said Knight securities in of itself lost 35 million.
And that was just on the crummy.
Trading and you know the the sort of that the foul ups at Il had a big part of our that your target at a correctly you know I think -- -- it's basically to cancel orders the fact that they couldn't fill orders.
That's what they're on the hook for 35 million dollars it doesn't -- take into account a lot of other stuff.
This thing is just beginning we do know that Bob Garfield -- wanna pay but people sue and they're gonna -- not just Greifeld.
The New York -- and the NASDAQ and Morgan Stanley to probably throw FaceBook in this so this sure.
He's headed for a major sort of I think this is going to be a big story for for days to come now.
And maybe two weeks to come I should take now we should talk about our -- -- story if you notice the rival networks came back.
And tried to say that the fit that FaceBook was considering jumping ship to the new York stock is -- new York stock should mean a formal pitch which to New York Stock Exchange tonight.
The New York Stock Exchange did not deny our story they essentially confirmed it.
What we said was simply this it was a soft pitch hey guys we're here for you how you do when we're gonna stay in touch.
And then in the heart pitches to other technology firms to bring them over it would be absurd for -- in Europe to -- -- Samberg in Zuckerberg right now.
Marks of -- -- EO of a FaceBook it's -- we can't come over to us outweighed the servant would be the body is not even you still warm OK you don't do that.
And it did not happen I could tell you this idea was a soft -- it was senior executives.
Inside the New York Stock Exchange laying the ground work for a potential what do I mean out of their way to -- architect.
But just told you have -- that it.
We're here for you anything you need.
You know telephone call things of those nature we understand you have some issues but if we can help out where we're certain -- coming here right now yet.
And that's what the other side said that's what another bit of -- excellent and -- why did they say that.
This is what I believe and this is what people at the New York Stock Exchange believe that NASDAQ actually -- -- Planted that hard -- story why is that.
It takes the onus off I am telling you.
An amazing -- story which how how major stock exchange which has been around for thirty years.
Screwed up something which should have been so easy it screwed -- up in a way that they just don't have small investors man and -- They have every sperm on the street man -- they have wholesalers man.
This is a debacle and like not like no other so talking about this whether you know they're gonna jump ship and -- -- and you know the probably and -- can -- you definitely I don't know what's in Zuckerberg had.
And I don't want to know but eating these.
From the the bottom line is this the probably not gonna jump ship and -- in the new York stock change won't make that move that direct move anytime soon the only way.
You change the subject to say they made that move.
And I'll -- -- because this other story is so much better -- tens of millions of dollars and liabilities.
What's going to be more lawsuits and and and you've got the whole street I that was seen -- all of Wall Street.
Large and small investors.
May have had a stock exchange -- this week I just didn't see this because it was a debacle of of -- -- we've never seen before.
Can't it was a massive it's a mess and it's gonna keep continue to be -- message could be good story OK thanks -- okay.
