low. and then berkshire hth hath away chairman talked about stocks. >> since the third quarter of 2009 looking at our businesses they have improved at a rather constant pace. now we heard talk about double dips. we heard everything. they have never decelerated much. never accelerated much. autos are doing worse and houses are doing better. but the overall is remarkably consistent. >> talked about a number of individual names. buying more ibm during the quarter. the executive compensation plan at coke. and in general in typical buffett fashion, don't buy for tomorrow or next week, for next month. buy for ten years, twenty years. even longer. >> le's saying he's hoping the stocks we just bought will go down tomorrow, will go down next. >> buying groceries at the

grocery store. >> but i hope the milk i buy will still be good next week. >> that metaphor does not work. >> no. >> especially in you need to consume something in the near term. >> the twitter update as well. the numbers are compelling i think. laid out by j.p. morgan. they are saying they are going to close the gap between 4.75 per user per month. and i think people are over the user growth. the financials are strong and twitter has such an ability to beat at this point. i think i'm going positive now on twitter. i think people are over the user growth story number. >> the price target is 64. the argument is they monetize at half the rate facebook does on a per user basis and think the gap is going to tight. >> announcer: and revenue estimates in will i think are sandbag. a billion this year. 2.5 next year. 4 billion three years out. if they can't do that next year,

especially around all the new products. mobile install, app add. i think the financials at this point and the targets are so low it will overcome any kind of adoption story. >> here is the positive i this i on twitter. management seems to have a settled in. they seem to have matured as nick bilton was telling us yesterday and no one else is doing what twitter is doing. the real time platform for communication. plus the stuff they are starting in commerce. getting out there, lee allowing people to buy. if you are a bull you have a case you can make over the next six months. >> there seems to be a market for twitter to be a platform for people going there to consume a certain type of content. whereas facebook is just basically killing time. people go twitter for a specific reason. and someone familiar with the advertising world, do you think has the reason they can close that gap?

>> i don't see it getting wildly broad at this point. billions of people like facebook. it is still a very hard product to use. if they make it easier to use that is an upside to the story. even without making it easier use with the existing user base you can close that gap. last night thetd that party, eat your tweet. famous chefs and heavy hitters tweeting out food they were eating for charity. and i thought to myself even if they don't make on boarding much easier, people are going to want to go learn about stuff like that. they can widen the funnel a little bit. that's upside. >> we're definitely keeping our eye on the stock. by the way steve leaseman has breaking news from christine. >> the imf chief giving a the down beat assessment saying the global economy is weaker than it

was six months ago. they only see a modest pick up in 2015 and they are lowering the outlook. she goes through the developed countries, the u.s. and u.k. doing better. japan is flat and europe is weaker. but emerging markets pace of growth will also slow. she goes on to say quote serious clouds on the horizon. the risks include long-term lower growth and monetary policy normalization along with the policy of the financial excesses building up. asset valuations are an all time high and spreads of fixed income instruments are all time low. concerned in ukraine escalation and the middle east and says ebola could pose a significant risk to the world if not addressed. she calls for fiscal policy reform, structural reform, infrastructure spending and financial reforms. back to you. >> steve leastman back at hq.

tesla's elan musk getting ready to unmag something new weeks. a about to release a d and something else. it's unclear what it actually is but the speculation on twitter turned a little toured. musk tweeted later, i loved the comments. >> elon musk already said no major new products expected. so probably an add on. something people can go in and get the existing teslasup gra upgraded too. interesting he uses twitter and the tease to get. he knows ietsz a buzzy stock. >> he doesn't like the stock is so expensive but he link baits

everybody. he could have just put up o a picture of an all wheel drive. so crazy he does that. >> he plays right into it. you have to admit. >> yeah. >> unbelievable. kramer called him a movie producer. >> he's tony stark. >> or barnem. >> he's clearly tony stark i think. >> he doesn't quite have that showman's attitude when you actually sit down with him. he's very reserved. but on social media, he gets a little wild sometimes. >> he came on and i'm worried at artificial intelligence and just left it at that the. >> talking about a guy whose goal, real goal is put people on mars. >> he said 2100. so you got a little time. >> it does bring us to this

morning's squawk. keeping the guesses tv friendly what does the d stand for? tweet us at squawk alley and t we'll get your responses later in the show. get ready to see a lot more of this on netflix? >> if pea peeing your pants is cool, consider me miles davis. >> oh that was the grossest things i've ever heard in my life. >> netflix greed to a deal with adam sandler where he produce and star in four films released exclusively on the service. when they came to me with an offer i immediately said yes for one reason and one reason only. netflix rhymes with wet chicks. >> first they didn't think you were going to read that. i'm impressed. >> it is not my words. >> this is perfect.

because adam sandler has made billions in box office revenue and critics hate him. netflix is the place where people go to watch stuff. so this is ideal for him. >> what i say say about these videos is that it makes perfect sents to put this on netflix. you want to have people go back to it again and again. i thought like new additions of the billy madison for your friend to come over and watch at 3:00 a.m. >> did you know you wanted more adam sandler. >> they have that amazing data seat they publicize very well in interviews and they are able to classify in all different things. and adam sandler is one of the most watched comedians on netflix. and much cheaper to do this than another house of cards. >> the britney spears of movies.

>> -- i like that john is looking at me. >> admitted that you loved britney spears. >> same week david fimplger says he's going to direct episode of the utopia for hbo. are we beginning to a distillation of where talent is migrating to. >> another disruption in the model. where we were just talking about yesterday with the crouching tiger hidden dragon sequel going to netflix and imax first. and that's now how this works. now adam sandler going to netflix. that's not how that works. sites perhaps another leg on the original content move. >> there is nothing left to do with distribution. julia on here showing a the mind control interface and okay you

las rift. these guys are going to go to war now to get the content. and the subscribers for cable broad band are spasurpassing fo the television state of channels. so this is going to be the next year. >> netflix is beginning most of these discussions. it is being in proactive in deciding who it wants. then kevin spacey going to netflix and pitching himself and his series. and house of card, greats series. but -- >> i think they are clearly the most picky and hbo is the most picky and all sorts of other channels and content that can fill other layers too. amazon is not going to get what netflix has unless they throw so much money at it. people want to be on netflix and hbo. >> 31 emmy nominations will get

your attention. we'll see. when we come back, is market volatility a big problem for the ipo market. a closer look at the future of box and other tech companies looking to go public. plus companies trying to stop data breeches before they even happen. and syracuse basketball and virtual reality, head coach jim b bayheim talks with us at the end of the hour. squawk alley continues in just a moment.

ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today.

want to get you an update on the ipo pipeline. two companies appear to be waiting for better market conditions. one is familiar to viewers. cloud force company box. my sources say the company did buy time with a recent decision to raise private funding back in july. the company never had a set time after we raised the money. my sources -- and there is an option to wait until 2015. there is also another company, good technology that had been expected to go public in q 3 but this week said it closed 80 million in private funding so

that is another company saying it is too volatile. we're going to buy ourselves time. and we still could possibly go before the end of the year but next year is more likely. and go daddy and lending tree. those are two companies expected to go before year end. when you have private funding that is available and pretty much immune to what is going on in the day to day market it would seem that would be the better option. >> essential the easier option. the odd thing is they are blaming market conditions. and today a rough day. but we had way fair go public it's up 20%. five other ipos across exchanges. box would be another big ipo but it's market specific. i think the companies are choosing not to go public. blaming the market is the golfers blaming the clubs to be honest. >> that said they are pricing at the end of the low range and

that would make a company like box more nervous. >> there is one thing that will get you good reception and that is consistency in your earnings. that's something i think we can all agree that box and good technology, they don't necessarily have that yet. but you are seeing names. way fair mentions. that is like the amazon of the furniture i people have been describing it. but not all explaining the volatility have been as lucky. rocket internet? familiar? >> the copier of all the internet sites. >> it is basically a rollup of every big successful start-up in this country. they take these business models and roll them out in less attractive markets. in places like nigeria poland. eastern europe and central africa are big markets. they decided to go early because they were getting what they called exceptional investor

demand. they priced at the high end of the range that. stock down 12 percent. and now people are saying maybe that is a proxy for the businesses here that are private because they are so similar in the business model. a lot of those companies like uber, like -- are still a ways off but nonetheless you don't like to see a day like that. >> seems like the smaller one, the few billion in market cap are the ones going out. the mega super hot companies seem to be waiting. it was having yert we had rich barton and you asked him about glass door going public. he said we're going to try to do it next year. this was a pretty straight answer. i would imagine they will be a multibillion dollar company as posed to a 10 or 20 billion dollar come. >> good technology has to compete with blackberry, and air watch which is now owned by vm wear. if they couldn't get the provide funding, if they needed had

money what would they do. >> the funds got raised while all this was very hot. the funds have five year spending cycles to go through. unless they are just burning through it at high valuation. so it is a long tail on the investment cycle. >> last week -- he among other things is blaming qe. saying the mutual funds and late stage money managers, they don't have many options for returns that you can get in the venture market so now they are jumping into. >> right. if you go into uber a at a high price and you are comfortable that you are going to get a 2, and or a 1.5 x, or something like that. what are your alternatives with at the quantitative easing and bond so low. >> fed speculation and the venture capital. fed oil exploration. energy boom because money is cheap to speak. >> up next, apparently working at apple isn't all it's cracked up to be.

inside info from a couple of former apple directors up next on squawk alley. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops, tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so if you get a trade idea, schwab can help you take it on. tdd# 1-800-345-2550 we're getting a lot of questions tdd# 1-800-345-2550 about organic food stocks. tdd# 1-800-345-2550 [ male announcer ] sharpen your instincts tdd# 1-800-345-2550 with in-depth analysis by schwab experts. tdd# 1-800-345-2550 and if you want to run your idea tdd# 1-800-345-2550 by a schwab trading specialist, tdd# 1-800-345-2550 our expertise is just a tap away. tdd# 1-800-345-2550 what's on your mind, lisa? tdd# 1-800-345-2550 i'd like to talk about a trade idea. tdd# 1-800-345-2550 let's hear it. tdd# 1-800-345-2550 [ male announcer ] see how schwab can help tdd# 1-800-345-2550 light a way forward. tdd# 1-800-345-2550 so you can make your move, wherever you are, tdd# 1-800-345-2550 and start working on your next big idea. tdd# 1-800-345-2550 ♪ tdd# 1-800-345-2550 open a schwab account and you could earn

tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 call 1-877-670-3357. tdd# 1-800-345-2550 or visit schwab.com/trading. tdd# 1-800-345-2550 schwab trading services. tdd# 1-800-345-2550 your go-to for trading know-how. tdd# 1-800-345-2550 ♪ tdd# 1-800-345-2550 your go-to for trading know-how. open port twenty-two-oh-one-seven on the firewall for customer db access. install version two-point-three of db connector and ensure verbose flag is set in case of problems. (clapping sound) isn't the cloud supposed to make business easier? get the one that can connect to the systems that you already have. today there's a new way to work. and it's made with ibm.

whoyour boss?rk for? yourself? your parents? your family? at baird, what matters most to you... matters most to us. as an employee owned firm, our financial advisors have the freedom and resources to realize a plan to fit your family's unique needs. we'll listen. we'll talk. we'll plan. baird.

in case you missed it. working for apple isn't for the feint of heart. in an interview a couple of former apple directors complained about long workdays the inability to take a real vacation, being expected to respond to e-mail instantly at any hour of the day. al they dished on the tough work they softened had blow by saying the executives weren't mean or spiteful just very intense john, you know the culture. >> look if you want an easy job go work at the post office. not necessarily easy there

though. but this is the life. a start-up, it is hard. mission critical stuff. we saw what happened with ios 8.0, and bnt 1. you need people to answer and fix this stuff. >> and to that tim cook says take all of thanksgiving week off. you're welcome. >> absolutely. a news a letter. soft bank investing 250 million in legendary entertainment. we were wondering which he would spend money on stateside. t-mobile, and a big win in alibaba. this is obviously a pittance compared to the funds they have raised. but he's looking for content. >> you can't dispute the ambitions company has. they have a war chest of money and a land grab for anything

they can get their hands on that they feel even fits in remotely for this strategic division. >> first rumor objects shrek and dream works. now legendary, adam sandler with netflix. the value found in these content brands is staggering given everything else in the market. >> s&p 1934 as europe is about to close. simon hobbs. >> this is a very serious close for europe. i'm amazed that wall street is hanging in. check out the figures on the screen. this is a market really beginning in europe to fall out of bed. watch to see if the dow follows. it is in negative tiertry. from the begin it was rough. oil and gas equipment makers because of this move by saudi on oil were down heavily. presumably a lot of the projects they are involved in could be

come uneconomic. but the eye of the storm now is clearly mario draghi with the european bank meeting he had in italy. he came through with nothing new but it is precisely that that is worrying people. yes they will be buying packages of loans from the middle of the month and will buy loans for the next two years. but the irritation the man was showing. almost stepping back from earlier comments that he wanted to increase the size of the european central bank's balance sheet by a trillion euros that caught many off guard. suggesting he's actually creating the impression that the ecb has no further to run. that the run might be over. that the counting sheet maybe have been so tense. that is a critics view but certainly draghi offered nothing new. there was no great promise and it's interesting that the

spattish and italian banks have begun to fall rapidly in the wake of that. and that is why such a rough finish. >> several years we'll see more comments from dragdy about this program. this week's trek crowd. we feature two indiegogo. button up against signul. a personal beacon system. and sends personal messages to smart phones just by walking into the room. head to cnbc.com/tech crowd. >> when come back after the recent spate of cyber attacks banks are taking action to stop data breeches even before they happen. richmond clarke with will be

with us in a moment. and tesla teasing about unveil the d and something else. keep the guesses tv friendly. what does the d stand for? tweet us at squawk alley. your answers are coming up later this hour. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. yoare you kidding me?oo? everybody's on woo-woo! [elevator bell rings] woo-woo? lock and load, people! we're going all in on woo-woo! ok? mark! comp us up a profile page!

copy! susie! write us some posts! ready! grace! upload some videos! uploading! i want sponsored woos. i want targeted woos. we want to be all up in your woo-woo feeds! gordon! register our woo-woo handle! janice?! we need an ethnically ambiguous woo-woo mascot. we're cashing in the q4 budget, people, and we're buyin' some followers! hahaha! yeah! [applause] woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! oh yeah! [laughing] dude. are you still on woo-woo? naaaahh, man, my mom's on woo-woo. ♪

with after p apple pay and

other payment app, purchases with just a swipe of the phone. using this data to prevent breeches before they happen. steven, i want to start with you. you are talking about predictive analytics to make sure that breaches don't happen. how does that work? what data are you looking at to say somebody is trying to break in here, let's stop it. >> the technology looks at all of the data sfraavailable from of the log files and systems that are in the corporation. so it it is actually incredible we can handle that much information and data. we are part of the new second generation and big data applications that automate analysis of these things and it's really exciting we can do this without an army of experts

crawling through all the information. >> richard clarke, they have got you though. you are one expert whose name people know. what got you interested in this project in particular? >> well there's been a lot of big data companies out there for a while. and they haven't actually worked to solve the cyber security problem. a lot of people have given up on them frankly. and when i saw what context relevant is able to do with its algorithms, this is big data and predictive analytics 2.0. we are going to be able to take enormous amounts of data and process them very very quickly. and a network is just data. and defending a network is a matter of interpreting that data, doing it very quickly and responding very quickly. and with the algorithm that context relevant has, we are going to be able to do that. >> steven, big banks have an ability to spend more money than many other companies on these efforts.

j.p. morgan alone 600 million on cyber security in a year. but it's surprising to see a small company do something a big company can't. why do you think that is? >> i've spend almost a decade on this. and we have a major leap forward in the technology that allows us to automate what people have cone by hand for years. so there are huge companies like ibm and -- that send in armies of the consultants and we send in a few people and a software box and the advantage of technology is putting us ahead of our competitors at this time. >> can you give us a the practical, a firm example of what you are talking about? >> sure. so practically we can scan through voiceover ip logs and all the data logs that come from from cisco reuters and palo alto network's firewalls and catch behavior patterns that have changed that indicate that hackers have infiltrated had network. and because we can find these in

real time and detect them before they blow up t technology looks incredibly promising to the banks. >> behavior patterns from a single user? >> from any pattern that deviates from normal user behaviors and hackers look like that. >> so to put this in every day terms and rich i want to talk this to you as well it's like a neighborhood watch, where there is someone driving around able to see hey there is a car here i don't recognize of like having cameras in a neighborhood to be able to see unusual activity. how far out can this spread? will it eventually prevent breaches from places like target and other organizations that came out months after. >> if you say prevent the breach meaning they won't get in? no. no one is able to do that effectively anymore. what they will be able to do is identify the breach as soon as it's happened and prevent exf l

exfiltration of data by someone trying to get that information. the key is not just noticing it but noticing it rapidly. most companies that were penetrated last year had been so for 229 days before realizing it. we are hoping to realize it in a matter of seconds. >> and then it took a matter of months before they were able to formally announce it had happened. and you are saying richard that you can confirm instantaneously and at the highest levels of the company that a breach has happened as well. >> that is our goal. and using this algorithm and it's been already been proven in major banks and other institutions doing other things, that if we can convert this algorithm, and i think we can, into a cyber security kwies device we should be table see anomalies as soon as they happen. >> about government? it seems like not just with ordinary data but government systems being breached. if you are looking if are a

terrorist act and people acting in ways that are unusual. the same basic concept should be applicable. >> true. our same technology is use forward many or purposes besides just security. including market liquidity which they are expecting to happen. we are used cross very a variety of use cases. no doubt we'll move into government eventually. >> but not there yet. rick you have experience in government. how applicable is this technology to not data security uses? >> i think it could do such things as catch billions of dollars in medicare fraud and other payment programs. but we're not going to get there first. we're going to work first in the private sector and financial sector because it is a lot quicker and easier frankly than it is to go dovt contracting. >> especially since there are so many company, oracle, others interested in preticketive

analytics. >> thank you. >> markets now. we are at session lows. 1932. art cashen saying 1934 was an important level. that has now been breached obviously. so you are talking about one and a half month lows on the s&p. elon musk getting ready to unveil the d in his words. but what the the d actually look like. we're going to show you in a moment. and jim boeheim talk aboing act leap into virtual reality. >> it was a swing and a miss today. it is not my opinion. it is the dax opinion. the boons opinion. pretty much all the markets opinion. and the big number today, 20.6. what does it mean? you know the story, tune in after the break.

financial noise financial noise financial noise know that chasing performance and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today.

who would have thought masterthree cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*?

coming up at the top of the hour. not a pretty fortune more go pro today. and some of the investors are the outraged at the company's plab to get around its lockup period. we're going to discuss it. and twitter, the analyst who made the call. is now the time to buy?

and if stocks don't make a comeback we're in for four straight loss os on the s&p. hasn't done that all year. should you buy the dip? we'll see you in about 20 minutes. >> thanks. we'll be there. in the meantime over the kate rogers at hq for a market flash. >> we've been following go fpro all day. founders unlocked a big chunk of shares. they said they would give 5.8 million shares from their personal stake to a charitialable foundation they created. sale has been locked up until 2015 but the donated shares can now be sold thanks to an agreement with j.p. morgan according to go pro's announcement. >> thanks kate. dow is not quite down triple digits we're keeping an eye not just on the technical levels but also the dow's gains for the year, which at this point number

about 125 points. not a very dramatic market day from wiping out the gains for 2014 for the dough dow. >> pretty incredible tape and much due to the action in europe. >> the first tesla car t roadster which was unveiled about eight years. the first model went to one elon musk by the way. it looks pretty small. almost like a mazda meeiata. and elon tweeting quota about time to unveil the d, and something else. october 9th is the day he tweeted along with what looks like a car and of course it is up to our viewers to tell us what they think that stands for. >> brings us to the mornings squawk on the tweet. we asked you do keep it friendly. what does the d stand for?

>> he's about to invoke, the the volkswagen. and mary beth, writes the dividend. you sort of see that as unlikely. >> we actually got a lot of guesses that it is diesel. it is an ev technology but leave to it musk to find a way to work that. >> maybe shaq diesel as a pitchman. that would be big. literally. >> high carl. nowadays we're deniers just about everywhere you look. on the other hand touyou have t opposite. but the siep type of denier i'm talking about is based on the following table you see it on your screen. deniers of the logic to be long the treasury market. you can see right there and you can see the source.

year to date for a 30 year bond. and. and i know it doesn't include dividends so you have to do the math yourself but the spread speaks forrite. the year to day date, less than 1% positive. the numbers are what the numbers are. when it comes to today's data points factory orders usually isn't earth shaking but there is a similarity. and i know that durable goods and factory orders are kind of like kissing cousins but i find this fascinating. to the white board and july and august for durable goods. we have data on this series going back about 22 years. 22.5 in july was the all time biggest month over month gain and followed by the biggest month over month drop. factories are like i said cousins. up 10.5%. and this morning we had minus

10.1. i hinted i thought it would be. and it was back to 56 the biggest month over month negative. why do i even bring it up? it really is at the epicenter of everything we're experiencing when it comes to sustainability. we all know we can dance around test tubes and do financial engineering and have central bankers talk about trillion dollar koints and central purchasing and have the bank essentially be the market where their bond market trade by appointment. but at the end of the day it's a sustainability. what does that say about sustainability. i know you can average them together and maybe they cancel each other out. but that is a important dynamic. the last dynamic when it comes to cause and effect it is very difficult to look at energy prices. if they were exactly the opposite and all time highs given what is going on in the middle east everybody would be able to explain on it. and given the gee polit tix,

what does that say about global demand looking forward. i know there are supply issues but something to ponder and the last thing. look at the dax today and on a one year chart. it was not enamored this morning with mario draghi, back to you. >> another check of the broader markets. the dow just slipped into a triple digit territory to the down side. down 123 points below 16,700 on the day. why the strong move, coming up next. if energy could come from anything?. or if power could go anywhere? or if light could seek out the dark? what would happen if that happens?

anything.

tensions rising in hong k g kong. the deadline is approaching as protesters demand some resignations. susan li is in hong kong with the latest. >> we got falling relations here between the protesters and the government in this late night press conference right now with the chief executive and his number two the chief secretary of hong kong. looks like apparently the chief secretary and the number two in the hong kong government being set to meet immediately with protest leaders. and on constitutional matter as they are calling it. and saying they will continue to allow the young people to gather in these peaceful protests.

they don't want any confrontation and there's been concerns because of the deadline set at midnight fa this there was a conclusion that we could have more actions. so it looks like there's been a thaw in relations between the protesters and the government. and, you know, just in time for the markets to reopen tomorrow. so this might give some hope to investors who have taken their capital out of the city in the last few tradings sessions before the holiday yesterday and today. >> thanks susan. we'll keep our eye on that key deadline that is quickly approaching. also to bob on the floor. as we took a leg down earlier in the markets. why in move? >> we had problems earlier on in europe. and marrio draghi gave interesting commently.

not only is the size of the drawback prom not as big as assumed. he's been saying for a long time that the european leadership has no enact structural reform, real fiscal reforms, labor reforms, tax reforms. they are not doing that and draghi is basically calling them out on it. this is it's noim t to going to save the world. and peripheral countries had problems because there wasn't a lot of discussion about any kind of sovereign bond buying. that would have benefitted a company like spain. spain was down almost 4%. so the lack of discussion about that or any qe program also drove down trading and stocks in spain and italy as well. finally here in the united states we've been talking about this commodity deflation which has been going on. the xop, we've been seeing oil and gas companies dropping

dramatically in the last few days. would have been biggest declines that we've seen. a lot of these declines are in shale plays. these plays may very good money when oil is 90 and $100. but when crude wti goes towards the low 80s, these become questionable. so a lot of people are starting concern about that. but it's not just oil i noted decline in base metals. nickel, and zinc and copper as well. these has been going on for a good five our six weeks we've seen notable declines. a the broad commodity deflation cycle occurring around the world and impacting our market here particular energy and materials. >> on a lighter note he's a legendary college basketball coach. 30 trips to the big dance. number two on all time wins for a division one coach and just home from coaching u.s.a. basketball to gold.

today he's experimenting with new technology that could give fans a front row seat to the action. jim boeheim joins us from the syracuse. coach, great to have you. good morning. >> thank you. nice to be with you. >> what is a nice guy with you doing in a virtual reality neighborhood? >> new galaxy is something that, it really appeals to me because i'm a sports fan. and the people from another company they work with cell utix a cancer company and research company. and of course they get a syracuse grad as their ceo. so that ties in. but i'm a fan. and new galaxy has great ideas. something a fan is really going to enjoy watching the game, watching their favorite team, watching a musician. you are going b to be right there. you are going to be in the action and you are going to have a front row seat or an on stage seat and i think that is

something all fans are going to want. i think it is something that is going to happen in the very near future. i think it is going to be greet for fans, people like me. >> coach, this uses the oculus rift technology. facebook just bought that company. what is is it about that company you like so much? >> i think they are a little ahead of the curve right now. i think they have some better ideas. i think other companies are going to try to get into this game. but i just think they are ahead right now. and i think they have a chance to get their first and be the best. and you want to try to associate with that. and as a fan you want to be involved with the best. >> jim, i often have conversations with friend about what sports are better to watch live in person and which sports are better to watch on tv. basketball often ends up right in the middle. maybe a little better to watch on tv. how do you think virtual reality changes the calculus there? >> well i think basketball is

50/50. i like to be there. but i like watching it on tv. golf is the biggest one that you like to watch on tv. i mean hate -- you can't see anything on the golf course. you see one shot. if you get it home and you get this -- these new applications, i think it is even -- golf is even going to be better on television with all these new applications coming forward. >> coach, any comments on me lo back in new york or life in the acc. >> well he loves new york city and i believe they have great management there with derek fisher at the coach. phil jackson. melo is a loyal guy. he's loyal to us after being here one year. he went to new york city. it cost a lot to get him. he wanted to stay there and prove he was worth the price. and to bring new york a winner. and i think he did the right thing. i don't think he did maybe the

best thing for his immediate basketball future. but i think for his long range and for new york city and the knicks, i think he did the right thing. >> finally in terms of the 2014/15 season, we are going to be different, you said. what did you mean by that? >> i didn't quite get that. i lost the audio a little bit. >> in terms of syracuse basketball, the orange season. you said we are going to be different. what do you mean by that? >> well we have lost three starters and our backup center who was like a starter so you are going to be a little different. but you are different every year in college basketball and that is kind of fun of it. you don't have the same guys. you have some of the guys but you have new guys. we have four forfive new guy, freshman and sophomore who are now going to have a big impact on the program. that is different, but hopefully it ends up in the same place and we have a good season. >> coach, we'll keep our eye on

you. please come back soon. jim boeheim from syracuse. watching the markets closely here. always one eye on s&p. back up to 1931. but robert hun, our ace statistician tells it it's in track for its worst week in two years since june 2012. so that gives you a sense of how painful for the last two days. >> and painful for a lot of money managers who are attempting to lock in some gains for the year. take a look at the action in cbs and time warner notably. we did see an upgrade at topeka for time warner. but people are locking in gains a lot of hedge funds in both names this year. but a lot of selling going on. >> and it's probably not going to get any cheaper before the analyst day in the middle of october. final look the theater chains as well down maybe not just on the

adam sandler news but continuing concerns about china. the hong kong mayor going to meet with those protesters but there is no obvious exit path. >> i'm scratching my head about some of these moves. when you see the market turn it doesn't happen over one day. and it's various moves over the weexz. and you wanteder what we're seeing here. >> as we get to noontime we'll whenwork with equity experts who work with regional experts that's when expertise happens. mfs. because there is no expertise without collaboration. ugh. heartburn. did someone say burn?

try alka seltzer reliefchews. they work just as fast and taste better than tums smoothies assorted fruit. mmm. amazing. yeah, i get that a lot. alka seltzer heartburn reliefchews. enjoy the relief. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates.

makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter.com/offer2. at a special site for tv viewers; an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov

. welcome to the halftime show. today's starting lineup. stephanie link is co-portfolio manager of the jim kraim ears trust. >> we begin where you would expect. stocks picking up right where they left off yesterday. the s&p 500 at lowest levels in almost 2 months and staring at its first four day decline of the entire year. josh brown, the worst week for stocks in two years. >> we haven't had a four day decline consecutively all year. >> certainly looks like this is going to be