Open Outcry

Trading done by human to human interaction using a combination of hand signals and verbal orders. Often associated with the NYMEX, CME Group, and CBOT. Formally the only way commodities were traded prior to electronic trading.

Becoming less and less popular, many believe that open-outcry trading will become extinct in the next few years.

Chris is using open outcry to buy 30 September Lite Sweet Crude Contracts at $75.85 a barrel.

Standing in the Crude pit, Chris will motion his hands and yell out:
"85 on 30!"

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CNBC

A investment/business global network that claims to be "First and Business Worldwide". Commonly known for it's hosts asking guests repetitive questions such as "So where are you investing right now?", "Do you think we've made a bottom", "Are you looking for a double bottom.", "Where should investors be putting money to work".... ect.

Also known for it's overuse of "Breaking News" and "CNBC Alert" headlines at the bottom of the screen.

Generally the network is strictly focused on market fundamentals, almost completely ignoring technical analysis. More geared for the "mom and pop" investors, who like to "buy and hold", or for those who are strictly focused on investing using fundamental analysis.

Competitor of Bloomberg Television and Fox Business Network. In terms of breaking news and market analysis CNBC tends to be second, usually a few seconds behind Bloomberg for breaking news.

Including such prominent shows such as "Squawk Box", "Squawk on the Street", "Street Signs", "Power Lunch", "The Call", "Closing Bell", "Fast Money", "Mad Money", "The Kudlow Report", "CNBC Reports", "Squawk Australia", "Asia Squawk Box", "Cash Flow", "Capital Connection", "Squawk Box Europe", "Worldwide Exchange", "Strictly Money" and several other "CNBC Originals" and weekly programs.

Kevin turned on CNBC to hear analysis of Apple's Q2 Earnings Report.

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