On Labor Day, NBR viewers will see the latest incarnation of “How Wall Street Works.” This program -- a primer on the basics of securities and investing -- was first broadcast on Thanksgiving Day of 1990. It has since become NBR’s best-selling home video. To make sure that the information remains timely and accurate, we update the program every few years.
So last month, I flew up to New York with Paul Kangas and Director Kevin Dooley to meet anchor Susie Gharib and videotape the latest edition of “How Wall Street Works.” Rather than settle for a studio, we shot the program literally on location, on the floor of the venerable New York Stock Exchange.
This was the first time since 1990 that I had returned to the NYSE during trading hours. Although the view hadn’t changed much, the noise level certainly was significantly lower than it was 17 years earlier (which was fortuitous for us, since it meant less audio interference with our anchors).
It turns out that signaled one of the major changes in securities trading that’s taken place over the past two decades. Human traders on the NYSE have largely been replaced by computers. In fact, we heard from one specialist that 89% of trades are now being done electronically -- allowing buy and sell orders for stock to be matched in just fractions of a second.
Of course, many other major changes have also taken place in the financial markets during that time period. Among those we note in the new version of “How Wall Street Works:”
- The speeding up of the flow of financial information as a result of the Internet. Now, by going online, anyone has instant access to the latest news, economic and company information -- not just a few well-connected analysts.
- The interconnection of world economies and financial markets. What happens in London, Mumbai or Shanghai has a bigger impact than ever -- and can send shock waves that can quickly be felt by traders everywhere.
- The proliferation of new financial products. Back in 1990, the concept of trading a Stock Index was still relatively new. Now traders can “buy the market” -- or any of thousands of stock sectors -- through devices such as ETFs.
At Nightly Business Report, we take that lesson seriously. That’s why we’ve gone ahead and reworked this “classic” program. So be sure to tune into NBR this Labor Day to watch the new -- and improved -- edition of How Wall Street Works!
Comments
Mr. Archer - We don't have any plans to rebroadcast "How Wall Street Works" in the immediate future. However, a year or more down the road, we may. This would likely happen on a holiday, when the U.S. markets are closed. Unfortunately, I can't give you a date.
If you can't wait until then to view the special, we do offer it for purchase as a DVD, VHS, or streaming video. For more information, please check out this page in the nbr store: How Wall Street Works - Video Offer.
Please note that we are still producing this Home Video version (which will have a few extras). So, if you order now, we'll hold off sending you the product till the new version is available.
I've just tuned in to web.nbr. I'm sorry to have been away and missed your "How Wall Street Works" series. Can you tell me when it might be broadcast again. I live in Ontario Canada if that is significant for your schedule.
Regards,
Rob Archer
why dosen't nbr report real things i.e. the real inflation rate, energy and food included. (no one I know gets along without both).
sometimes the real reason the stock markets goes up or down.
Was the 16th amendment REALLY ratified? or is it all just lies as many people say?
Is the gold and Silver Market being minapulated?
Thanks for your comments about the program.
Mr. Chamberlain, regarding bonds--
we really only touched on them in this program
to show how they differ from stocks. We give a
much fuller explanation of bond pricing and investing in our program, "The NBR Guide to Buying Bonds," which is available on home video or for online viewing on this website (to to the NBR Store...there is a charge of $14.95).
Mr. Schwab...
the program may be repeated on a holiday at the
end of the year. However, if you don't want to
wait that long, I would suggest that you order
a home video copy on either VHS or DVD ($24.95)
or watch the home video version online as
described above ($14.95). However, you should
wait a few weeks, as the home video version is
still in the works and not yet available.
As for the broker-check service, you may access that by going to FINRA.org
Jack Kahn
NBR
Good show tonight on educating people about stocks and bonds. I think you should have pointed out that bonds vary quickly in value as interest rates move. The only way to get your full money back is at maturity, which you may not live long enough to ever see. If you buy a bond make it pretty short term. Bonds are good for income but not for long term increase in value that stocks can produce.
I missed most of the program and wonder when it will be shown again? In addition what is the internet site providing information regarding the work history of a broker regarding complaints, satisfation a duration of employment./robert h schwab, md,facp