stocks sink again as bigger appears better once more. the latest on the continued market selloff ahead and why what was once hot is not. a hot debate on whether we need another round of stimulus. and why yahoo has netflix envy. the nasdaq hitting a two-month low today. it hit a 13 plus year high back on march the 6th, but it is down 7% since then.

take it away. >> the blood bath here at the nasdaq is continuing. we are near session lows. here's what people are talking about. this morning, the nasdaq and the nasdaq 100 were actually briefly positive. the fact that we can't actually keep those levels, that is a trend that traders do not like to see. two sectors we have talked a lot about, biotech stocks, also mow men tim stocks. we actually say green on the screen, but again, couldn't hold those levels. these all down now and in fact negative for the year. when it comes to the trade versus trend, traders telling me it's looking like a trend. >> certainly is. we're also seeing it happening in the smaller guys, russell 2k. >> i want to put up a board here

about what's been happening in the last several days. take a look at the russell 2000, down almost 5%. the nasdaq down 4.6% as well. s&p 45 had -- 500 only down 2%. here's the small cap stocks here. this is not biotech and big cap mow men tim internet names. look barns and noble down 5%. steel company down 5%. this isn't momentum names. this is just everyday names that are weak here. you see a lot of the home building names. you'll see american eagle, see yen na, classic mid cap tech stock, eagle materials in the materials area. amc networks. these aren't momentum names. my point here is that the con take jump spread a little bit in

the middle of the afternoon. even the ipos are slipping a little bit. we hit a high just in the beginning of march. and now we're down 7, 8, 9% from where we were just a short while ago. s&p 500, we're down 50 points almost in the last two days. back to you. >> all right. thank you very much. with us now is art hogan, and j.j. at tdameritrade. you have gold down. >> right. >> it's not big fear and risk reversal, what is happening here? >> bob just touched on some of it. people at the end of the quarter kind of rolled over their portfolios a little bit and some of the things they rolled over, like we saw a lot of our investors selling things like apple at the end of the quarter,

with that, people are kind of looking for what's next. the momentum stocks have been out of favor with that. one of the things we do have to look at, the s&p 500 close above 1850. we're right there today. we could use a little bit of bounce at the end of the day. the fix isn't running away. i think it's part of the natural cycle. >> it feels like there are two camps here. those saying, i'm losing money here, we're moving downwards. others are saying, great, i've been waiting for this pullback to put fresh money to work. >> it's really easy to sit back on the sidelines and look at the large investors that have been there saying, i'm not putting new minute in until we get a paul pullback. that's what we're seeing today. we still have a couple more days to washout. there is going to be an

opportunity here. and i think it's an opportunity for you to sharpen your pencil and look at some of these names. when you look at some of the energy complex trading at 12 times. there's great value out there. i think that's where the rotation is going to end up. >> agreed unless the earnings and the de no, ma'am nairt starting on the -- denominator gets messed up a little bit. >> we kind of kickoff earning season this week. but i think and the interesting thing about the earning season this go round may well be that even though expectations are very well, if we had weather-related slowness, we may see it in the second quarter. even if you get that meet and beat, you may see more up beat guidance heading into the second quarter if in fact this was

weather related. >> i think we're going to count how many times weather is mentioned in the guidance as well. that's a really good point. the expectation's really come down quite a lot for this earni earning's season. >> we released our imx survey this morning that showed that investors for the month of march, it was a record. what i found really interesting is that some of the stocks they were buying were like verizon that have 4% yields that had a very, very good month of march. the middle of the month, there was a big sell off. our clients are using that as a buying opportunity. and i think art just touched on it right there. i think there's a damp saying -- camp saying, hold on, this is a natural cycle. you're going to have maybe small corrections. >> wait. are you saying stocks can go down as well as up?

>> shockingly yes. they can go down as well as go up. some of them may be a little bit overdone to the upside. when you sell some, you'll often reconsider what you're going to buy. you can use stocks that pay good yields for bonds. >> we always have to find a real reason. it's either more buyers or sellers. but that's not entirely true. there could simply be no bids. there could be no buyers out there either. what is it today? >> that's a good point. i think on any given day they're perfectly matched up. it's just who's more aggressive when they get down the floor. we have influx of sellers that didn't really get to work on friday. that pivot point was at 11:00 on a friday afternoon. a lot of the investor class was probably not paying attention and this is a catchup. that really feeds on itself. if you go back and check your

portfolio, what do i sell, you start selling that, and that's why you see the uniformed selling we're seeing today. across all asset classes. >> uh-huh. good inside everybody. thank you. well, the big tech selloff could be an even bigger buying opportunity if you know where to look. that's why we've brought in dan ives. you're got some of these names 30 to 40% off their highs. >> it's a golden opportunity. the high fliers have gotten crushed in this market. i think you focus on the winners. you focus on where the big growth is. that's big data cyber security cloud. i view it as a golden opportunity for investor. >> give us specific names that look like potential acquisition targets to you. >> i would look at proof point

on the security side. as well as click on the big data side. i think cyber security as well as big data are really the focus areas. >> here's the thing, dan, if stocks keep going down, the buyers that you're talking about, their equity will be worth less. if the market keeps falling, does it make the thesis of a buyout trade less likely? >> sure. but again, stra tee individual in terms of $200 billion in cash between the top four and five tech venders out there. they need to get into these growth areas. there's how they're looking at it as well as investors on a day to day basis and unique opportunities on these big data in terms of some of the high fliers. >> got to leave it there. thanks very much. >> great to be here.

>> we're watching them. yahoo is looking more like it wants to become the next netflix and amazon is starting to look like your fairy god mother. we're going to explain why. later on we're going to tell you why the rear-view mirror could be soon going the way of the dodo. what would you say? >> no. >> no. are. and we're keeping an eye on this market selloff. the worst performer in the nasdaq 100? dish network. more on the story coming up.

e financial noise financial noise financial noise financial noise

even a bad market, there's a bull market somewhere. one of those is right there. agios pharma. this is one of the names that we talk to at the j. p. morgan chase tech talk back in january. listen to this story, guys. this could be how you shop for groceries in the future. before you throw out the package, you scan the bar code and instantly a new one will be ordered and shipped to your home just like that. they're launching a new prikt called dash that could do exactly that. how lazy are we becoming? it's almost like amazon is creating a desire and a need in the consumer that we didn't even

know we had. >> and maybe we shouldn't have it. they are making us incredibly lazy. it's all art of this narrative they're pushing of making life as easy as possible to shop whenever you want from wherever you want. some people think this new device is pretty gimmicky, it's part of this narrative they're pushing. >> some of the single best products are those which we did not know we needed. >> the wheel, for example. >> the cave man knew it. the iphone, we didn't know we needed that. maybe amazon is onto something my creating an entirely new category of profitable lazinesl. >> they said they're thinking about life after product search. when you're away frof your computer, they want to make it easy to ship your orders right

to amazon to wherever you are. >> and you used a very keyword and that is the word gimmicky. >> do we think this is something that would go nationally and get that mass adoption? >> i have major doubts. i think it's also marketing in advance of a bigger push of their grocery business. there's a lot of talk of them coming east. from talking to grocery tlifrry execs. they're ready for amazon to come this way. >> forget about the wand, right, being in the grocery business, low margin, high competition. why are we celebrating this move into a market that is chewed up and spit out many other competitors? >> you talk to people who have worked there. they'll say this is about trying to just not lose money on

grocery in order sdrk make it make sense to deliver other types of products overnight next day from amazon. they get you with the grocery. next thing you know -- >> think about that. any other company in the world, what's your business model, son, i'm just hoping not to lose money. that's it. so they can deliver some other stuff. >> yeah. >> i ho hope there's a fer rare ray waiting for me outside. >> the market continues to reward them for this approach. >> we want to know what they're going to do next. going to leave it there. video may have killed the radio star, but that doesn't scare yahoo. it is reportedly planning to announce a big push into original content. do they have netflix envy? >> it could. and i like your '80s reference. that's according to the reports from the wall street journal

that the company is close to ordering four web series with a kind of original programming that you would see on a streaming service like netflix. so the company is reportedly looking for half-hour long comedies with budgets up to a few million per episode. the company is offering no comment. so, analysts say a move like this would make sense and is actually long overdue as it fights to gain grounds from competitors like google youtube. they've been surprised with the media background, yahoo hasn't been more aggressive in video until now. they have, quote, left a lot of low hanging fruit hanging. this could be a accept step in the right direction. it's something the ceo has been focusing on since taking over in 2012 attempting to boost ad

revenue by trying to get people to spend more time on the site. but original programming online is a credit space. we have netflix, amazon and microsoft's ex-box all either offering or planing to offer original content. so perhaps not surprising that yahoo stock is down today. it's down over 4% right now. >> okay. thank you very much. >> we are keeping our eye on this market selloff, but also we're keeping our eye on the economy. the latest jobs report made it clear it's still a sluggish economy. didn't we try that one already only to find out that the shovel ready jobs weren't really ready after all? we're going to be debating that just ahead. >> does amazon sell shovels. this is the scary side effect of legalized pot. we're going to find out what drug is going way down in price

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the nasdaq is now at a two-month low. the dow is also down by nearly 1%. not quite as much. pfizer is the biggest loser there on the dow. let's get back down to bob. >> it's spreading a little bit. that's what's going on. last three sessions -- and really, thinks got kind of ugly on friday. that was a big reversal day. the russell 2000 down about 5%. there's a lot of small caps in the nasdaq. that's why that's happening. i want you to get away from the idea that this is some kind of biotech and internet momentum correction that's going on. small cap stocks are generally very weak today. you want to look at texas industries for example which is a materials name. this is small cap retail name.

they're all down 5%. at least aren't momentum names. this is a broader swath of the market. then move into martin marietta. small cap is traditionally 1 to $5 billion. mid cap is traditionally somewhere 5 to $10 billion. this is where the home builders are. this is where the airlines. aol, this is about as mid level kind of stocks as you can -- one of our themes on "street signs" lately has been boring is the new sexy. pepsi co-is about six of the top ten best performers right now. >> they're holding up. again, my opinion right now is that things have changed. if you would have asked me at 9:00 this morning, i would have said we're not seeing real

spreading at the preopen. today in the middle of the afternoon rngs i think this is spreading a little bit here. >> thank you very much. former treasury secretary arguing today for more stimulus. specifically spending on infrastructure. what the world must do to kick start growth. is he right? governor, welcome. sorry jimmy. thank you so much for joining us. do you think there will be finally some transaction here, and i mean that punish intended fully because the roads are just a disgrace. >> i don't see it. for political reasons, no one's willing to invest in a revitalization program. which would be the best thing for the american economy, best thing for our economic competitiveness, the best thing for american manufacturing. why we don't do it is because we have a bunch of -- in washington

who are afraid to invest in something that will actually help the economy in the long run. >> both parties, i should say -- >> both parties. >> yes. agreed. thank you governor. we're dealing with wusses that are also broke. who would pay for it? >> the cbo in a 2008 report said that the economy could -- and the congress could sustain almost $180 billion of additional yearly annual spending on infrastructure because we produce taxes and growth and investment. we produce long term structural reform in the american economy. we have to spend -- you guys are business show. what business has grown successful without investing in its own growth? >> when you talk about that, is

does there need to be more than that? >> there's two things going on here. first, we've had this chronic lack of demand in the economy. more government spending. if you have more of that, what should it be on? we have infrastructure gap. we need to be spending more. so that's sort of a demand issue which i prefer the fed handle. on the infrastructure issue, what's the best way to help u.s. infrastructure? is it through taxpayer money or is there a way to attract private capital. what's the best way to fix our roads? listen who wants a driveless car? i do. we need more privatization. attract all that long-term private capital. >> what do you think about that, governor? >> well, we agree.

building america's future, we believe we should lift the cap on privet activity ponds. we should increase funding. >> governor, sell them. sell the roads. >> well -- sell our infrastructure. >> jimmy, i love you man, but you know what, you're a hundred percent wrong on this issue, man. >> i am not. >> and i normally side with you. yes, you are. >> fist of all, brian, you first, why is it wrong? why is jim wrong? >> i'll tell you why, you look at indiana. what is to stop foreign companies from raising tolls willie nilly. the expressway is a disaster. >> we need better congestion pricing. that's one reason -- i agree with that. >> let me help you out. let me help you out. the way to stop that, brian, is for the government to negotiate a good, solid contract that

keeps control over things like that. but let me say this, privatization has its place. we need to get private capital into it. but pennsylvania currently has 4,000 substructure bridges. the other 3,900 have to be done by government. local, state and federal have to participate. >> it costs me a lot of money to drive across your state. i thought my tax dollars paid for i-80. >> i-80 is still on toll. >> it's now a toll road. >> don't drive at rush hour, then. >> governor, jimmy p. -- >> delaware water gap. guys, thank you. >> thank you. getting back to the top story this hour, the market selloff is continuing folks. as bob was saying a moment ago, it is kind of getting broader as well. the percentage drop that we're seeing for the nasdaq is keeper.

tech of course not the only sector in the red. we're about to explain why bar by is having a bad day on wall street as well. >> i'm just grouchy because the new jersey turnpike still stinks and it's 208. the finest and the bravest brawl you will see all week. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s.,

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comcast business. built for business. okay. street talk time. first up of the day is intel with the chip giant being up graded. >> one of the few names higher today. up 1 1/4 percent right now. they're optimistic about improving corporate pc sales. up next, under armor getting upgraded. >> most stocks are down today. just remember the price targets. just because today stinks doesn't mean every day will stink. they say the pullback creating a buying opportunity. >> and we've also got matel.

this is where barbie is coming in. >> here's where the price target matters in a bad way. the price target 33 the. the stock is at 38 exactly. ouch. they're seeing five bucks more declined because of slowing sales on core products. >> everybody is going over to the computer. jetblue, the share is getting up grade at goldman. >> one of these names that's not helping. the target is $10.50. so a buck 75 upside right now. they think the airline industry fundamentals are getting better. shocking in this day and age. >> and we're going to be talking about a new airline quality survey just out as well. let's take a look at rocket fuel. it was seeing upside. it did get an upgrade to

outperform to market perform. >> stock burned out. that's what happened. fuel is down 24% year -- 34% year-to-da year-to-date. but their target is 45% above the current price. listen, the analysts may be wrong, but i'll give him or her credit, they're laying them out there. >> okay. we've got one more big stock. that is quest corpse. we're going to bring in herb greenberg. what's your take? >> i think the biggest question anyone would have is why would they be buying a company that has this much uncertainty around it. they said on a conference call they've done all of their homework. you still have adept of justice investigation here. it's unclear what they may have

seen. on the other hand, this is one of those situations -- over the years, gist listen to the stories laid out by various short sellers. you say, wow, there's some real issues here. what's the real story here? is it a tax arbitrage the way some people might expect because they're based in ireland. or is this one of those situations where they buy the company, if they end up doing the deal, that at some point down the road it's like matel and the learning company. >> well, i assume because they are not dumb guys. if you ever come across a company literally full of idiots, let us know. you assume they've looked at the books ex-continue -- extensively. >> if that's the case, why do we see these transactions at times when you come back and say, oh, my gosh, the warnings were there

but down the road, there was an impact. look at one of their big holders. is this a deal they're going to think is a good deal. i don't know. but you have to start looking at their holders assuming they believe it is a risk. that, i don't know. but i do know the red flags have flown in this. in my career of doing this and talking to very smart people, in terms of the kind of research done over the years, i would say there's things you're not going to get in a few months of doing die diligence on this. >> i think the bottom line here is never ever assume. herb greenberg, always good to hear you, i guess. >> yeah. we'll get back on video. >> come back into the 21st century when you can. gym cramer is going to speak with the ceo right here on cnbc. it is time for talking

numbers. today, it's a big one. proctor and gamble upping their dividend by 7%. does it make the stock worth buying? pat, first to you. just a slight increase. does it make p&g more or less appetizing? >> that hike is about in line with the hikes over the past decade or so. they're now paying out 2/3 of their earnings. they're really in some ways a victim of their own success. 30% share of finland care. so they're only really going to grow at the market level. unless the $10 million cost cutting plan there is significant fruit, i don't think it's attractive here. >> what about the charts? what are they selling us? >> the charts actually look

pretty good, especially on the longer term over the past year. what we like to see is this 76 level has been supported on every test. not only that, it's bounced sharply on each test. that's an indication that sellers are really not interested in sells the stock below that level, but buyers are very interested in buying. so we're a bit of above that right now. what we like is that it's been very streddy while the broader market has been weak over the past few days. it's responding positively to good news today. there is an opportunity here for the stock to move higher. >> which could be a shorter term reaction. you guys both could be right just on different time frames. be sure to check out online talking numbers. there seems to be a flight to safety, right. we looked for companies that

have a dividend over 4% and a trading below 17 times trailing earning and higher over the past month in the s&p 500, only seven stocks passed that test. we're going to reveal those names coming up. why one auto maker is doing away with side and rear-view mirrors. would you be comfort in that? you can tweet us your answer if you want. first, what is ahead on the closing bell? >> the nasdaq is suffering its biggest three-day decline since november of '11. we have to go back that far. >> every time you look, it seems like it's down another five points. a lot of people wondering if this is a start of a long-anticipated correction. >> also in real estate, vacation home sales are red hot. rest of the housing market, not so much. we'll tell you why it has a lot

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nasdaq. it is currently seeing its biggest three-day drop since october 2011. the biggest loser is liberty global. the biggest winner is intel. getting an upgrade to outperform. >> lot of people rotating into the safer stocks. that takes work. and we like to do work for you here on "street signs." here is the dry tear ya. got to be a member of the s&p 500. mist pay a dividend above 4%. trailing basis has to be below 17. that's the market average right now. the stock has to be one of the few up over the past month. only seven made the cut. here are the results in alphabetical order. at&t.

integris energy, phillip morris, pen call west capital and verizon. so those are the seven names here with a yield above four, pe below 17 and up over -- oh. oh. >> oh. >> they're all higher today too. >> look at that. >> everybody's moving in those dividend players. >> i wonder if that's just a coincidence. >> a surge of heroin is flooding the u.s. market. the drug is cheap, like $4 cheap. they seized a record 2,000 kilos along the mexican border last year. the heroin with a street value of just 4 bucks a hit is largely being produced in northern mexico where marijuana is once king. some say legalized pot here in the united states has made it less popular for mexican

growers. you have a story on big business to make money on that legalized pot, but let's get your take. >> mandy, this is a huge deal. this heroin epidemic is in the subbeshs. i asked the sheriff in my county a couple years ago what's the biggest problem, he says heroin. people have moved from prescription pills to heroin because it is cheaper and easier to get. this is going to be a problem we're going to have to deal with. as for pot, u.s. attorney general eric holder may address federal marijuana policy in a hearing tomorrow, but out here, it is the wild west right now. they're all tanking today, but they're all trying to find the right long-term strategy. for some, that means making a product that does not involve

pot directly. >> hit the button and inhale. >> the coo of m-cig lets you actually put dry cannabis in it if you want. the company has just turned its first all beit small profit. >> it's super efficient like i said when you're paying 60 or $80 for an eighth of dry herb. we believe that by disrupting the price and being he head of the line in innovation that we can sell it at a minimal profit because we want to sell millions of the product. >> they just bought a glass vapor risers. amove away from smoking pot. if it stalls, seems like the business will stall too? >> marijuana's not going anywhere. it's been around for a long time.

whether the justice department says it's legal or not legal, people are still going to continue to use it. >> mcig is moving into products which it hopes will sell even if the pot economy is forced back underground. it's an e-cig that just has vitamins and fruit flairs. it's kind of like smoking a wild cherry lifesaver. more about all this right now on cnbc.com. i'm not kidding you. >> going back to the banana peel era, jane. >> well -- >> smoking banana pills. we're still keeping an eye on the continued selloff here this hour. the nasdaq leading the way down. believe it or not, we have found two areas where airline quality has improved and no, we have not been smoking anything. plus, why in the world is

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wasn't gm aware of a problem with the cobalt's ignition switch back in 2006? >> we're looking into that. >> and what was gm's response when they discovered the problem? >> we are looking into that as well. >> so you don't know what their response was? >> with all due respect, congressman, that was the old gm. i can't speak to how the old gm would handle an issue like this. i can only speak to how the new gm would handle it. >> and how would the new gm handle it? >> we're looking into that. >> well, that was "saturday night live" mocking last week's testimony of gm ceo mary barra. phil lebeau joins us now. we want to ask you whether or not there's been any big developments, but first i'm not entirely sure that that was a topic that one should make fun of. >> yeah, well, you're asking me

to judge whether or not "saturday night live" should make fun of a topic. they have made fun of far worse topics in terms of subject matter so i'm not surprised and when i saw it on saturday night, kate kelly, on twitter, put it best. never good when your ceo is mocked on "saturday night live" in the opening skit, and so i wasn't surprised to see it. >> tell us what's happening and the latest with gm. sort of referring to the fact that obviously people have died in this situation. >> right. >> that's what i was getting at. >> nonetheless, what's the lateest? >> mandy, wait, they weren't mocking the deaths of people. nobody denies that this is a serious situation. i think they were mocking the way it all played out last week and how the testimony played out, particularly on the second day on capitol hill. having said that, i understand where you're coming from. you were asking about what are some of the latest developments going on in the thing that a lot of people are looking at this week is the fact that we're going to see the start of repairs for those recalled vehicles, 2.6 million, and these vehicles, the notices were sent out to owners a couple of months

ago. now second notices going out saying, hey, your dealer now has the part to fix that faulty ignition switch. meanwhile, general motors says as you're waiting to do that repair, can you still drive the vehicle if you only have the key in the ignition, nothing on the key ring, and this week we could hear whether or not a judge in texas rules in favor of a park it now motion which an attorney has filed a motion saying general motors should be compelled to tell all drivers park the car right now. don't drive it. that hearing happened last friday. there's going to be a couple of responses in court and we might hear of a response or final ruling perhaps by the end of the week. >> four words you never hear together air travel quality improving, but is that actually happening? >> according to the people who put the airline quality report together, they do this every year, taking data points fed into the department of transportation, and according to them when you look at it

overall, the quality of service is at a record high despite the fact that we saw an increase in miss handled bags as well as a lower on-time arrival rate. virgin america, number one, top five, alaska moving into the top five. i always get this question, well, who were the worst? of the 15 airlines ranked these are the bottom five, frontier, united, express jet, skywest, american eagle, no surprise you have the regional carriers there at the bottom. >> phil, thanks very much for that. this one has us talking, volkswagen doing away with three important car features, rear view and side mirrors replacing them with cameras, but don't expect to see them here in the u.s. any time soon. let's bring in justin berkowitz from "car & driver" magazine. there's a lot of lobbying going on for some lawmakers to try to change the rule to allow this, but doesn't that seem like a pretty scary idea. >> not to the automakers who have been pushing for it. they see anesthetic upside and think cars will look better and

fuel economy gains, look, we have computers running virtually every system in cars now. we can rely on them. this is a safe option. in fact, it's a lot harder to knock the camera off a side of a car or a mirror if someone is parking recklessly. >> justin, i understand fuel mileage, less wind resistance, are we talking a couple miles per gallon or a doubleing? >> the expectation is something between a 2% and 7% gain fuel economy. automakers are fighting tooth-and-nail, thinning panes of glass to meet the fuel economy standards set by the government, as far as they are concerned, they can take their case to nhtsa and say, look, we want to meet your standards but give us the technology to do that. >> i agree about the looks, showed the car, doesn't look bad. sometimes, you know, big things sticking out of the side of a car is a negative. >> that said, justin, the problem i have is won't we have to teach people how to drive all over again in a certain way?

>> well, i think that part is probably a little easier. you can look at a screen. it's very close to where the mirror would be. i'm less worried about teaching to drive and people relying hon this kind of technology. when you look at side mirror. you're looking out side window of the car and moving that screen inside, moving it down a little bit, your eyes are off the road and in a consciousness way it's not the same as a physical mirror. >> justin, thank you very much for joining us. >> all right. all-out mayhem, a charity game turning into a disgraceful, no other word, display from new york's cops and fire fighters. charity hockey brawl. the full story ahead. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly

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a huge brawl breaks out at a hockey game. sadly that normally is not news. what makes this news is the players. a charity event between new york city police officers and fire fighters. both benches cleared. players threw punches. eventually the refs got the control of the game and it continued. you may wonder why we're not playing the sound. well, the fans used such foul language it would have been just one big beep. this game is for charity. they can do better. >> really can. let's take a look at what the markets are doing before we say good-bye. the nasdaq has cut its losses. earlier on having its worst three-day slide since october of 2011. now down 44 points admittedly but down 70 points not long ago. the russell 2k having its worst

drop but bob pisani has been saying it's leveling off. >> food is good. >> food is good. >> best performers in the s&p, kraft, general mills, pepsico, and hcp which has nothing to do with food. >> kraft singles are a big part of life. >> thanks for watching "street signs," "closing bell" starts right now. hi and welcome to the "closing bell." i'm kelly evans here at the new york stock exchange on a monday. >> yeah, it feels like a monday, doesn't it? and i'm bill griffith where we're seeing another ugly day for the bulls on wall street. in fact, the nasdaq is in jeopardy of posting its biggest three-day decline going all the way back to november of 2011. the technology decline has been pretty savage for those stocks, biotech as well. >> that's right. >> but the defensive plays are the ones doing well right now. here's where we stand.