Lew: Nasdaq Halt Didn't Have ‘Frightening Aspects’

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Aug. 22 (Bloomberg) -- U.S. Treasury Secretary Jacob J. Lew said he sees no reason to believe today’s Nasdaq Stock Market trading halt had “any of the more frightening aspects to it, but we’re going to have to learn all the facts.” Peter Cook reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Peter cook is back with the details.

Curious to know what the secretary had to say about this.

He doesn't have any better explanation for what has happened.

At an event in california right now, the colony club there, taking questions from a moderator.

He did not talk about it in his prepared remarks but the question was on the trading halt with the nasdaq.

I can tell you that it was over and the nasdaq was up and operating when we came out here just a few moments ago.

The securities and exchange commission that regulates the markets has been working all day on this and i have been kept informed through the day and glad to report that the markets are up and running.

He was asked if he had any concerns about the oversight of the exchanges in act go he would not really go there or wager any guesses.

And if any heads might roll as a result of this.

He still wants answers to the situation.

The administration's on efforts , he at least introduced the idea of cybersecurity and perhaps an outside threat being part of the discussion.

But he did not have any clue at this point as to what caused this.

This text has been automatically generated. It may not be 100% accurate.


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