the wall. they were fine. one fainted scared. nobody, not passengers, not fans injured, lucky. >> hall lou gentleman. luckiest people in the world today. thank you for watching "street signs," everybody. >> first trading day of the week. >> "closing bell." yes, hello, and welcome to "the closing bell" on this monday. i'm kelly evans at the new york stock exchange. >> welcome back. >> good to be here. hi, bill. >> i'm bill griffith back at the cnbc headquarters today with an hour to go in the trading day. we have had volatility and look at the markets trying to hang on to friday's huge gains after the strong jobs report. we'll take you to the close and we have these stories we're following, as well. more reaction and fallout of the hewlett-packard plan to split into two companies. it is prompting a lot of folks on wall street to suggest other large firms do the same kind of

move to unlock shareholder value. we'll tell you those names and examine how realistic those moves really are. plus getting into exclusive reaction to the break-up of former chair ralph whitworth. looking forward to that today here. >> lots to discuss with him. the government on trial over the bailout of ag in the financial crisis. literally on trial. former treasury secretaries testifying along with ben bernanke. all key figures during the worst of the worst six years ago. we'll tell you what's happening in the courtroom and when to follow along. also, ebola fears not subsided. that victim in dallas in critical condition fighting for his life. and we have had late word he has been given an experimental drug. and it has moved one stock although that's the least of the important part of the story. but we're hoping that this will work.

we have a late report coming up from the cdc in atlanta with the very latest on that important story. and of course, you probably heard by now that a case has been diagnosed in madrid, spain. the first time it's diagnosed outside of west africa, kelly. >> that's exactly right, bill. we'll talk about whether investors need to pay attention to this story looking at the markets heading into the final hour of trade today. demerger monday, if you will. looks like the dow off 13 splitting the difference because we have been up as much as 90, down as much as 80 today. the s&p adding here. i'm sorry. losing about 2 points off 13 at the moment in the naz democracy and small caps watching for the sake of what signal they're sending and also for kind of a clean rebuilt on how people see the prognosis of the u.s. economy. off by about .4% today. >> looking for a correction in this market, you are looking at it right there. the russell has been down more

than 10% since that peak in july. let's talk about it today. kelly connelly, there's todd salamoni, kyle brownlee. mark ibell and kenny pulcari. kenny p., i'll start with you. the play by play today, zigging and zagging in the this market and almost back to unchanged here. when's going on? >> right. so i said it on friday. i thought friday's reaction was a knee jerk reaction from a very oversold position when we had seen the market go. and then this morning see the negative news out of germany giving the people the idea that the ecb gives another reason to throw more money at it and boom the market's off, right? we hit resistance, 1973-ish, 1974-ish and we see the market flip completely the other way and then it found some support once again and we've got this

kind of volatility. you have got this action back and forth. makes perfect sense. no real reason to run right out and be aggressive and on pullbacks to see the long-term investor jumping in. >> kelly, echo what you're seeing and hearing today? >> i think pretty much. i'm a little bit more cautious. my concern is the wage growthment it's still seeming to be stagnant. i think it's great we're under $5% on employment but with the corporate earnings, is that from mergers and acquisitions and less overhead or is that from more consumer spending? because the manufacturing index doesn't really suggest that. with the unemployment rate, is that more full-time jobs that have been added or are they part time jobs? i think until i see more clarity in the wage growth, i'm going to be a little bit more on the conservative side. i like the large cap stocks that

pay dividends in the defensive sector and i think fixed income is a good play for a good portfolio. >> todd, what do you make of the volatility we have been seeing the last few weeks? i mean, does it feel like the market's putting in a base or a top right now? what are you guys thinking? >> well, bill, we think it's more a -- you're right. day-to-day, we have had more volatility. take a step back. look at the big picture. we are consolidating right around the some high levels and what we like, bill, within the context of these steep pullbacks and steep defined by the s&p, the 2%, 3% declines or the russell like we saw earlier this summer, it is generating a huge amount of fear and despite what you hear, that buy the dips is a strategy that's working, what we're seeing in our sentiment indicator we follow active

investment managers sharply reducing their allocations to stocks. option speculators buying put options bearish bets against individual equities at extremely high levels and makes us think just a replay of what we have seen for two years. these modest pullbacks that generate huge buying opportunities. >> you know, mark, zeroing in on that russell index, small caps and what they're telling us, why do you think that's begun to turn over here? what's it tell you about how fundamentals are doing? >> yeah, i think it relates to the russell 2000 coming off a phenomenal performance and ending last year, it is not a surprise that small caps pull back. i think moving forward and maybe you saw this last week, if we continue to see a strong dollar and should be pretty good for companies that make most of their money in the u.s., consumer discretionary is an overweight with the managers so

it's iing of fourth quarter and earnings season and whether or not the bottom in the 2000 put in play there and the strong dollar would feed into that. >> kyle brownlee, you just heard of kelly connelly. she is buying defensive issues right now. we got todd talking about all the hedging going on right now. people concerned about the market. you are still bullish here. are you investing defensively or are you going for outright growth right now? >> yeah. thank you. i am really bullish right now. i think that the fundamentals in the economy are really good. there's a unique opportunity in the energy sector specifically. we have seen a pullback in that. nearly 20% in some of the national oil and gas companies. and i really think that's just part of being in the shoulder months and ought to see that demand increase here in the fall. i think it's a tremendous buying opportunity for some -- >> wait a minute, kyle. this is one of the most

contrarian things you could possibly say right now. this is a sector that's in danger of becoming the most unloved, both because of the way the markets perform in the period of uncertainty and again because of the u.s. production story. so are you saying just as everybody's seeing relief at the gas pump that you think the price of oil has bottomed and going to head significantly higher here? >> well, i don't know. i'm not saying that the price of oil bottomed at $90 a barrel but tremendous opportunity and because of that decline in the price of oil we are seeing increased consumer spending. you know, i saw a report this morning that 10% of fuel prices across the country are less than $3 a gallon right now which puts an enormous amount of consumer spending back in the economy and i really do think as demand increases in the later part of the year to see those stocks bounce back up. >> i paid $2.97 this morning. i wish i could have bought more. >> for sure. >> i'm still paying $4 a gallon where i'm living.

i must be lose my mind. >> come over to jersey, lower taxes here. kenny p., rick santelli is telling us they're watching the bond market. do you care about the yield on the 10-year these days? >> you have to care about it but quite honestly bonds is not something i trade and focus for 30 years about stocks. >> i know you don't trade it but are you watching it? >> look at the 10-year. 2.4% right now? i think the life insurers, financials under pressure. >> you have to watch it, certainly. you have to absolutely watch it. i like and like some of the other guests said on any pullbacks we have seen the market find plenty of demand. the long-term asset managers are there. not looking at it as an opportunity. long-term i'm bullish and be 'ware of the daily fluctuations until we get through earnings season and the end of the year. >> you mentioned -- sorry, bill.

kenny had mentioned before we started here watching ebola as it continues now in spain. we have a case where somebody's contracted it and without having been there and what does it tell you about positioning in the market? >> that becomes more of a kind of a story. right? last week it was just one person and not a big deal and now it's starting to -- seeing it more and more and around different parts of the country and that alone to cause some just fear in people but don't worry. not don't worry but don't be misled. this kind of fear creates opportunity if you see people get nervous. you see it all the time. >> i like to add that whether there's investors buying vix calls or spdr puts to hedge against the fed, against russia, whatever it is geopolitical, that ebola fears also, whether the market declines for whatever the reason, there's hedging in place and that's putting the fore on the mrkt.

>> one more thing. >> quickly. >> you saw on friday the opec story of breaking apart and goes actually right to the conversation we're having with the other guests of what will happen with energy and oil prices and opec coming apart at the seams. >> there are bigger ramifications of that, as well. thank you, everybody. >> we have become the new opec of canada, mexico and ourselves. >> love this. >> from your lips, exactly. . thanks guys. >> morgan brennan with a quick market check. >> check out gopro. hiking the price target to 105 from $60 a share and maintaining the outperform rating after the firm conducted a nationwide store check around the launch of the cam are and revealed customer preference retailing $100 more than the hero 3 model. trading about 6% higher right

now and up more than 58% in the last month alone. kelly and bill, back to you. >> all right. morgan, thank you. gopro notwithstanding, pressure on the market heading down with the dow off 31 and 50 minutes to go in the session. all major indexes in the red. >> i'm on nightly business report andy'm back here at headquarters. >> be sure to tune in to catch all of that tonight. >> on pbs. check your local listings, et cetera. hewlett-packard splitting into two companies hoping to unlock value and spur growth in both divisions. it's a move that has gained some traction. just look at ebay and paypal and that split-up announced last week. so who could be next? we have got pros naming some big names coming up. also on this story, coming up, former hp chairman ralph whitworth speaking with exclusively next hour. find out why he's lauding the break-up and especially its timing. plus, one of our guesting coming up saying despite 5.9%

unemployment, the labor market stinks. he'll explain why and your chance to chime in on the health of the job market coming up. (vo) you are a business pro. solver of the slice. teacher of the un-teachable.

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welcome back. pretty good snapshot of happening today and doesn't reflect the volatility of today. the dow was up about 80, 90 this morning. down about 60 and now 22. the other markets you see, especially the transportation average down another 1% today. oil has bounced a bit today and you see that definite inverse relationship, kelly, between the price of oil and those companies that use it so much. it depends on the bottom line. >> for sure. we'll see how it affects third

quarter earnings coming up here. it was only this past friday that a better than expected jobs report sent the job market flying. surging more than 200 points. the unemployment rate now sitting at 5.9%. >> so why does rick newman of yahoo! finance say the labor market stinks? he is here with senior economic reporter steve liesman to make that case. stinks? really? we are at -- oh, by the way, before you answer that question, we want to know what you folks at home think about this, as well. as you listen to your our conversation about this, is the labor market good or not? go to cnbc.com/vote right now and give us your thoughts. so, rick, tell us why you think it stinks here. >> well, job market is definitely better than it was a month ago and better than it was a year ago but if you go to before the recession, it's still a lot worse than it was right before the recession started in 2007 and in a lot of ways. we have about 4 million people

additional people unemployed over underemployed. if the participation rate were the same now as then we would have an extra 7 million people working, that's people not earning incomes and spending that money and wages when you adjust them for inflation, average earnings gone up by twep by 20 cents for people who have jobs. including people who have lost a job or earning less than they used to, median household income about 5% lower than it was before the recession. that means a real loss of spending power on main street. >> and it's something, steve, the fed again today when it was talking about labor market conditions indicated it is surprised how quickly the rate dropped and maybe it would be better to have it higher if more people in the labor force. >> yeah. certainly looking for that participation rate to level out or to actually increase over time. you know, i think what rick's talking about is interesting in the sense that it's depends on where you are and who you are as

to what experience you have had in the labor market. people with college degrees, a far different experience of people with high school degrees or less. he's right. relative to twooef2007, the lab market is worse than it was and compared to a year ago, clearly heading in the right direction. does it stink of 248,000 jobs in the last employment report? no. does it stink it's come down because people have gotten jobs and back into the workforce? no. not at all. part time for economic reasons, that's down 800,000 in the past year. so, not only are we moving in the right direction and moving there in a bit of a faster pace than in the past. these 200,000 pluses are certainly way better than under 200,000. >> yeah. >> some of the best sustained numbers over a period of time that we have had i think almost ever. >> that's true. and, in fact, the pace of job growth now is very close to what it was in the late '90s.

those were boom years. look at polls. millions of people are saying it feels like a recession. where is the recovery? if there's a recovery, i i'm no feeling it and showing up in the midterm elections. obama and the democrats will have a tough time and mostly because of the economy. it's extraordinary to talk about a recession that ended more than five years ago. that wasn't the case after the 2001 or '91 recession and we're looking backwards and when will we get out of the hole? projections for median household income show probably not going to get back to pre-recession levels until 2019. that's a 12-year divot for the middle class. >> kelly, the vote from our viewers, admittedly, unscientific, you chose to vote. we didn't choose you randomly as is normally done in a poll and look at that, steve, 84% of those voting say the labor market is not good right now and

i think that's speaking in some degree unscientifically to this mood that persuades out that says recovery is not that good. >> i think there's definitely a negative mood about the job market. people don't have opportunities to move to other jobs. they don't have the leverage to go to the boss to say, i need a bigger raise to go over here and get another job. and part of the problem which is gets back to what rick was saying of fed policy is vast pool of workers here in the united states and some people dropped out and they could come back in and that's a big question right now for the economy is whether or not those folks could come back into the economy. will come back in. >> if i could, bill actually spotted this and take a quick look. in terms of what the fed does and janet yellen's next steps might be and responds to this, she faces the challenge -- >> look at this. >> people asking who the fed

chair is if they could name her, they came up with sonja sotomayor -- >> half the people didn't know who the fed chair is. >> they want somebody to fix the problem, whoever it is. >> exactly. what is -- how do you -- what is that fix at the moment, steve? does this mean that they're going to wind down qe and going to move ahead as if were back to normal quote/quote? >> it would be go slow on raising interest rates and from the fed's perspective it would be to democrabuckley's chance a to get it done and policy makers of mario draghi to legard saying to the extent of the fiscal side to come along with job training programs or even additional spending to put people back to work and take that job away from monetary policy, they would more

than welcome it and in fact they encourage it, kelly. >> all right. we have just closed the poll, i think. there it is, yep. 84% agree with rick newman of the labor market not good. >> i don't disagree. >> probably working in silicone valley. >> or they just work. >> or they just work. >> that would be the thing, as well. thank you from yahoo! finance. steve, see you later. kelly, from pugh research, our friend sarah in charge of fun facts at pugh research tweeted that poll out earlier today that 48% of the folks polled and i don't know who they were dptd even know who the fed chair was and 17% thought alan greenspan was at the top. >> it's people that named sonja sotomayor and not janet yellen. live and learn. >> people, there are -- pay attention out there. please, pay attention. we're heading toward the close. 37 minutes left in the trading session. still minus signs across the board for most of the major

averages and the dow just turning positive with a gain of 3 points. we'll see what happens with about a little less than 40 minutes to go. wait until you hear which companies redikt could be in for a huge leg lower on higher interest rates. jeff cox running through the list you need to know about. what did sisqo systems, walmart and warren burr fetet have in common? our next guest says they could be heading for splitsville. walmart? what do you split that into? we'll find out after the break. stay tuned. bag right here.our

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we think this is the best alternative. the market changed dramatically in terms of speed and we are in a position now to pursue the turnaround of hewlett-packard. the brand remains on both companies in one form or another and in a better position to get focused companies to respond more quickly.

>> meg whitman talking up the break-up and wall street liking the move today. look at the shares, bill, up about 5% on the news. >> yeah. a lot of shares to move there. follows last week's split of ebay and interestingly meg whitman used to run and ebay and paypal announced that split. could a trend be starting? dominic chu looks at this. >> they come in waves and kind of saw that like you saw with ebay and paypal and now hp splitting off the businesses but it begs the question, who's next? could others follow suit? not just technology. check out hp. splitting out the i.t. or enterprise service group and then take another look at another tech company. after these head loins, analyst mark sue came out with a note saying cisco should do the same

thing and move away and split off the cloud computing, other enter prize solutions businesses away from that. that's higher growth and may be a kacandidate for that and not just technology. look at pepsico. we know that activist investor is agitating for a splitoff of their soda beverages business from the snack food side of the business. the ceo saying, no, that won't happen. we like them both under one roof and pepsico another company where people talk about splits and then one more that always gets talked about because it one time was a part of this network's dna. general electric here with all kinds of businesses, energy, medical equipment, aviation, transportation. have they become so large that a lot of these businesses maybe drag on each other and why the talks for ge happening for years. will it actually occur sometime? we know that with hp it took time. just a few names to think about

with the ideas of large companies maybe doing some splitting of their own. back over to you. >> yes. unlocking the value i think is the corporate speak in this case, dom. speaking of mark sue, we have him lined up. for more information, we are joined by mark sue. and gene arkin also with a couple of ideas here as to who could be next. mark, to you, first. there's an interesting point here and i wonder if it tells us what could be next here. you say they're potentially a company waiting for tax relief before they do anything. now might move ahead without expecting anything like that coming. is that right. >> many tech companies and if you look at overall companies, we have almost $2.2 trillion trapped overseas. big companies are waiting and investors are saying, do you want to wait for a day where we might or might not get tax relief? what are some of the things that you can do to unlock value in your business? when we do analysis for cisco the value of the base is holding

the stock at the moment so we think splitting it up and we can see growth investors in the growth part and value investors. we think that stock approaching $40 if they did that and that's a price we haven't seen in 14 years. >> gene, you have three that you have identified as possible candidates for splitting up, n-tech, microsoft, there's berkshire hath away with many, many moving parts to it and you have walmart on this group. what would that look like? why would you split walmart up? into what? >> well, it's really the split of walmart and sam's club. >> okay. >> but i think when you look at these entities split up, you really have to look at the reasons why companies perform and execute these spin-offs and looking at recent examples or examples like ebay and you look at ibm, you know, you see companies trying to accomplish similar objectives.

right in first is really the belief that operating companies with different growth profiles and business plans are best managed as second entities and second and hopefully by spinning these off you're able to unlock hidden value and potential and looking at walmart and sam's club, sam's club is arguably the eighth largest retailer in the u.s. and under the walmart umbrella, it is really just hidden. you know? sam's club has a lot of potential and i think, you know, walmart being focused on online and international if it spun off sam's club i think it would really allow sam's club to reach its full potential and become a real peer to costco. as far as berkshire hathaway goes, mr. buffett long contended the fair value is larger than the book value and one way to prove that theory off is spin off the companies so the true value can see the light of day. in addition, i think maybe more

importantly is paying quarterly dividends and berkshire does not and make shareholders happy. >> mark, a final question here, as well. quh you think through the timing of some of these, do you think hewlett-packard's move has something to do with the same idea that you talked about that perhaps there's not going to be any real corporate tax overhaul coming? >> i think you can wait for an external factors or you could control what you can which are the internal factors and the question becomes, for a company that's 30 years old, is bigger better or better better? can you move in a world that's fast moving technologically rapidly? can you adjust your business? and actually is there more to do looking forward to value creation opposed to bigger for the sake of getting bigger. >> great stuff. it's a great parlor game to play for several months watching the companies contemplate this

split-off idea. mark and gene, thank you for joining us today. appreciate it. a reminder, ralph whitworth is weighing in on hp's break-up in the next hour of the show. it's good interview. next hour of the show. >> should be very interesting. have you seen shares of gt advanced tech today? plunging 90 plus percent after a surprise bankruptcy filing. jon fortt, you found rather interesting things in there, right? >> reading the last quarterly filing, the company, of course, is public as you pointed out, and this is the company that is supplying some sapphire glass to apple. apple usinging sapphire glass on the touch i.d. button and the apple watch coming next year. so a lot of people had bought this stock and bid it up assuming, hey, this company is associated with apple and what could go wrong? it turns out gt advance had an

agreement and apple essentially to give them just over $500 million worth of loans in four installments and provide sapphire glass that meets apple standards in a certain period of time and from this last filing we see that gt advance is having some trouble doing that. just to read some pieces for it, during the first half of this year, the company says it incured significant cost of inventory losses and production inefficiencies as a result of the qualification of sapphire growth and fabrication equipment and growing it and making it ready. apple apparently saying the -- this is another quote, inventory produced is not deemed to be salable and spoilage losses of plant construction related interruptions and the mesa operation, arizona, where the facility is located, is operating as a per unit and total cost structure above the targeted cost structure for the

facility. so this is relatively new technology. it's type of glass not used in this kind of consumer electronics at scale before and the company having trouble producing what it promised apple. the company says we have got $85 million in the bank. we are not going out of business. we're just retruck which you aring here. also pointing that they have $1.5 billion worth of assets and $1.3 billion worth of liblgts. >> crazy, crazy. trying to get costs under control. got away from them. >> jon, it helps explain that there is something else going on here. wasn't a case of, bill, invest tofr not understanding and clearly it was not ready, jon. >> yeah. always risky dealing with new technologies and trying to ramp them up and see it with intel moving to a new process for a chip and similar to that making something new. you're always going to have yield issues and some don't work

out the way you want and something new goes way south on you. we'll see how far south this goes and whether they get it back in line. >> incredible stuff. thank you for bringing us the latest on it. generally, the dow trying to fight back into the green but now, bill, hovering just above the 17,000 mark off six. the s&p lower by a point and the nasdaq down, as well. >> been that kind of a day again. how are main street investors handling the swings in the market? what he's seeing and the latest monthly survey of the customers and what they did. very interesting. stay tuned for that. i sure hope so. with healthcare costs, who knows. umm... 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.

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unless you have the comcast business voiceedge mobile app. it lets you switch seamlessly from your desk phone to your mobile with no interruptions. i've never felt so alive. get the future of phone and the phones are free. comcast business. built for business. well, how has the retail investor reacted to the big swings we have seen in the stock market? td amertrade is showing renewed appetite for equities. >> joining us is jj kenahan and sharon epperson. j.j. what did you see the retail investor doing last month? this is part of the monthly survey. in the aggregate, what did they do? >> well, bill, they were buyers overall. we saw the monthly number be higher than the previous month.

interesting tech drove a lot of it. from the buy side. excitement of alibaba and playing yahoo! to play alibaba before coming out and apple with the iphone 6, you know, the stock under 100 and they tend to interest people right away. on a sell side, big sellers in facebook as it hit yearly highs and intel as it hit multi-year highs. >> the interesting thing you point out is reveals a sophistication by the retail investor and shouldn't think we should zig if they're zagging. >> kelly, absolutely. the whole reason we started this survey in general. is we are fortunate enough to talk to the clients every day. this survey takes in account people that trade once. >> sharon? >> this is a specific retail investor able to have an account to trade in and out of and not trying to invest for the longer term and for many the chunk of change to invest is their

retirement fund, it's an ira account, 401(k) and in a large cap mutual fund or an s&p 500 index fund, they already own apple and my concern is that for some who may be if they don't have kind of a slush fund to be trading with, that they're buying into things they don't need to own and what their long term goals are keeping in mind a allocation and not just following the investor trend of the moment. >> i would agree people should do their homework in terms of what they're investing in and just like those that invest in etfs understand what makes up the properties and that being said we have 6 million clients, a lot of them are very active and one of the thing that is we are seeing is people become a little built more engaged with the market just like anything and more educated, big believer in that. that they start to make decisions that are more informed

and hopefully better for them over the longer term. going out with any education, probably not going to go successfully so, you know, if one of our jobs is to encourage people to understand what their asset allocation, we see people who are smart and use the dips in the market in order to buy things rather than just, you know, we saw facebook as a sale this month. three months ago, facebook was a buy and had a little bit of a dip. our clients came in and bought it. >> that's smart, an example of a smart move. once you see the profits, taking them off the table, reallocating, a smart move. if that's the trend, that's one to fol he. >> bonds at all? >> yeah. >> yeah. are they in bonds at all? >> i asked you first. >> there is some of their assets in fixed income. we take that as part of the survey. it's stocks, options and fixed income. one of the things we see a little bit is sort of a turnover

out of fixed income into equities. not a ton right now and does include options, bill, because, sharon points out, saying options, people get zaered and we do a good job of educating and seeing the derivative products are now more than 40% of the daily trades and people understand them and educated with them you can use them in a nice way for the portfolio and often less capital. >> i was going to ask if they wisened up who the dumb money is these days. last word, sharon? >> who the typical retail investor is for these accounts and new index. >> that's a point. >> our average retail investor at td ameritrade is 50-year-old male. we appreciate more females and educating at universities right now. we started think or swim challenge for colleges. we want to get younger people and women more engaged in investing. >> fascinating. we'll leave it there for you. jj and our own sharon.

bill, we'll work on getting the word out. >> we had your favorite interview last week, retail investors for the quarter. a woman in that interview and she's buying right now. she is going counter to the market right now. >> there you go. >> that's in their investment club. 16 minutes left in the trading session. the dow down 6 points. all the major averages struggling to turn positive right now. up next, goldman sachs saying low interest rates helped these company stocks rise in the market. we'll tell you their names in a moment. when change is in the air you see things in a whole new way. it's in this spirit that ing u.s. is becoming a new kind of company. one that helps you think differently about what's ahead, and what's possible when you get things organized. ing u.s. is now voya.

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goldman sachs compiled a list of stocks it thinks will under perform and those who will outperform the market as interest rates supposedly creep higher next year. jeff cox has the breakdown for us. >> thanks, bill. consider it a shot across the bow for a new policy regime. as the dollar strengthens and the fed tightens goldman sachs is cautioning a change is afoot, specifically talking about a shift from companies with a lot of debt on their balance sheet to those with strong balance

sheets. compared to so-called weak balance sheet companies but that's about to change and then might consider this that moment and the tide goes out and find out who's swimming naked. companies are shoring up the operations and the dollars are weak and normalization in sight but the tide is leaking out for a stronger picture and taking a look at the weak versus strong balance sheets names, strong like facebook and chipotle, weak ones are campbell's and dr pepper. goldman said it won't abandon the high debt companies just yet. i think the timely one at that and investors look at things in a little different light. back to you guys. >> i guarantee swimming naked turns people attention. >> little disappointed maybe. a good way to get their attention. jeff, thank you.

appreciate it. there are about ten minutes to go in the market which just can't quite fight into the positive, bill, here. we'll see if that turns around into the close. plus exclusive interview of ralph whitworth coming up next, top of the next hour here. he thinks of meg whitman's break-up of hewlett-packard and happening now. stay tuned for that coming up. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow.

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seven minutes left in the trading session. minus signs across did board. oil prices bounced a bit today. art cashin saying moments ago looking for a flat close here. >> yeah. joining us now is anthony khan and bob pisani for views here. bob, the micro, the macro, a demerger, a remerger? is there a theme today? >> no. we had a little bit of problems late in the morning with one or two small cap stocks, particularly bankruptcy around 10:00 that i think put a dent in the russell smarkt. small cap market and overall what i see here is a very tough earnings season. u.s. companies going to do very

good. commentary good. companies with a focus on europe and chi na and much more cautios commentary. they have companies all over the world. >> anthony, our economic bull here, you have to like friday's jobs report. what you see for third quarter gdp, when kind of numbers will we see there? >> i think it's something in the neighborhood of about 3% but i think there's still going to continue to be a lot of anxiousness going into the earnings report. you saw weak numbers. factory numbers today and says something about european earnings and for the u.s., u.s. growth, a lot stronger in this 3% range in the third quarter. relative to what we have seen since the economic expansion again. >> we are talking closes in europe and italy, anthony, a decline. italy talking about gdp going negative and see company that is have a big focus on europe are going to be a lot more cautious.

>> look at ford, bob. >> bob is right. under pressure and italy is going to be spending a lot of money to pay back the government paying back who haven't paid for years and probably seeing softness in the third quarter and expect a recovery in italy in the third quarter. >> thank you. we'll see you come back here with a countdown in a moment here, kelly. developments in the u.s. and abroad. the dow only now being given the experimental drug. question is why was it so long? why did they wait so long for that treatment? we'll be right back. [ breathing deeply ]

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financial noise last couple of minutes of trade. get you caught up on a couple of trends. the dow, a lot of volatility. up 90 one time on the open this morning and then down 80 noontime and almost landing where we took off, decline of five points here and coming back a little bit. russell continues lower. looking for a correction of the market, that's where it is down roughly 10% plus since the high that it was set in july. small caps stocks. oil bounced and going higher in the afterhours markets, up more than a dollar right now after hitting $88 a barrel and back to $90. anthony, very quickly, that lower price of oil, good for consumers. good for the economy, though, do you think? >> definitely is good for the economy.

remember a lot of people worried about consumer spending and oil is front loaded and unlike the exchange rate and getting a strong exchange rate it hurts corporate profits and takes 12 to 18 months and when prices come down, you see those effects quicker as soon as three to six months. you may see some benefit in the fourth quarter. >> a lot of debate, bob, of $90 the bottom for oil right now. we are cracking that close here with west texas. the big thing here is we have seen a lot of lot shale plays doing well earlier in the year and sell off aggressively in november. they become a little less economically viable, profit models don't work as well and people have a lot of interest, those people invested in those shale plays at seeing oil stabilize. >> that's for sure. thank you both. anthony, thank you. bob, see you later on i'm sure. that's the first hour of "the closing bell." earnings this week. we'll get a sense of how

corporate america is doing. so that's the first hour. stay tuned now. the first public comments from the former chairman of hewlett-packard on the announcement today of the splitting of that company in two. that's coming up now on hour two of "the closing bell" with kelly evans. see you tomorrow, kelly. >> thank you, bill. welcome to "the closing bell," everybody. i'm kelly evans. we couldn't turn positive there. we were in the red last week, that is to the dow up 100. today off about 16. same goes for the nasdaq. in fact, pretty much red car ar across the board and something to do with oil performing better. joining me is david, ross gerber and also with us with more on today's market action, guy adami. >> welcome back, welcome become.

>> thank you, mr. adami. i'll start with you real quick here. why do you think the market, i mean, searching for direction tonight, oil going up, what's the theme? >> bill griffith nailed it. we have talked about it many times you and i. the weakness in the russell to me is something to watch and really to take note of. you saw id trade down to the 108 level. it bounced from that so the theme to me and you can talk about it with hewlett-packard if you want. earnings growth without revenue growth is not growth and companies are looking for any way possible to be able to help their shareholders a ento create shareholder value when revenue growth isn't really there. >> all right. let's bring in art cashin, as well. art, i want to ask you about something that we just heard guy touch on, the underperformance of the russell. you say you saw positive glimmers perhaps later in the session there. >> well, what happened was they

made the kind of a late morning low and then when all of the stocks rolled over, in the afternoon, the dow and the s&p made lower lows, the russell didn't come anywhere near its morning low and, in fact, the nasdaq stopped right at its morning low helping to produce the afternoon levelation attempt and then when oil turned around. plus side. >> is the outlook clearing? you were the one who i think caught wall street's attention seeing volatility pick up here. you're somebody that thought the stock market this year and naysayers, more than there are now and thought it would do well. do you maintain this cautious view? >> i do. i think today was another one of the days where you sort of watching the stock market and not the story. the story was the dollar. story of what was going on in the euro, going on a little bit in the yen. you were seeing a real i think

nervousness in how this dollar is going to propagate itself through the economic data, through the earnings data, through the fed's decision making because the more the dollar rallies, the less the fed have to do on interest rates an the market is confused. i think the fed's probably confused. honestly, i'm a bit confused so the dollar is one of those things where nobody controls it. you got guys on all sides trying to move it around and as much as we try to move it someone else can move it against us so i think the caution doesn't come from the fact i think we are not going to recover, we got bad things going on in the companies but good stuff going on but currencies can really make for dicey trading environments and i really think we're in one of those right now. >> which is fascinating, ross. you hear this especially in the first period and the fed doing the extraordinary measures, a real fear to kill the u.s. dollar. right now precisely the opposite is happening. >> right. i have been waiting for a strong dollar for a long time.

we have done a lot of smart things over the last five years to get the economy on track. while the europeans sat on their hands and we want a strong euro and that was -- they didn't learn the lessons of the great depression like ben bernanke knew and i look at this as positive. the rest of the world is basically falling apart and money is -- >> that's a positive. >> it is for us because we want to be the global economic leader in the world. now, the issue is -- >> i'm not sure about that. >> you don't want us to be -- >> i don't want you wack to be the leader because everybody else is stumbling. you don't have anything else to lead. >> stumble is not fall, though. in europe, for example, they'll take the steps they need to take, china for sure is not going to let a recession happen. they have enough unrest as it is. and they print money like we did and having a global money printing game going on and we were just first to the game and now benefiting. >> there could be a real objection here to the fact of people putting money to the work in u.s. and instead of hope and

creates distortions and asset prices and seeing that even today with the chinese paying $2 billion? >> look. i think -- those are good things. i think you are in the statement that, you know, there's a lot of good things going on from all of this effort that ben bernanke and a number of others, mervin king, took the leadership with and drove us to thinking about that recovery, particularly here and in the uk that led us to be very bullish for many mrks years at jeffreys but you have a confusing period and an ecb to change from the guy dragging at the end of the pack to doing something drastic and the japanese nipping at coat tails and if we get this movement correct, and the europeans and the japanese start to play the game like we did, it's going to be a very, very dicey environment for the distribution of growth, earnings and those to get hurt the most and written about this a lot are really the

emerging markets tossed around in the seas between -- >> yeah. >> guy? >> very, very big players looking out for themselves. >> against that landscape, go ahead, what are the signposts? >> a lot of good's happened. only good thing is stock market's went up and a really good thing but, you know, we talked about leverage and how leverage was a bad word and so leverage is basically moved from investment banks and guess where the leverage is now. fed's balance sheet's about $4.2 trillion and on the back of that $60 billion in cash so you're talking about somebody that's leveraged 7-1 and the biggest prop trade in the history of mankind that none of us can explain how it ends well, any of it, because they don't know how it ends and they are the fed. >> i can tell -- >> not a single shareholder in the fed. not a single shareholder. >> i disagree. >> no issue with the capital. >> there's no issue with the capital? >> there will be difficulties in

figuring out how to end it. >> 4.2 trillion. what do you mean there's no issue with the -- they have -- they have said it themselves. they're basically bankrupt. so there's a huge issue with the capital. >> you can't be bankrupt when you own the printing press. >> that's genius. >> the bank of monopoly. >> let's get art in here. what are you watching tomorrow? is it going to be these technical levels or the da to or earnings on tap this week? >> earnings coming up and watching the technical levels. watch that russell 1090 breaking that, things could be sloppy again. >> all right. thank you for sticking around. art cashin, guy, as well. coming up. please stick around and catch him coming up at 5:00 p.m. and talking to former homeland security secretary governor tom ridge about how companies could be avoiding data breaches. that's been a big topic of late. don't miss it. former treasury secretary

hank paulsen on the stand today and including time geithner and ben bernanke this week. mary thompson is outside the courthouse in washington with the very latest. hi, mary. >> reporter: hey there, kelly. paulsen spent about two hours on the stand today. appeared relaxed and engaged. when answering question from the plaintiff's lead attorney, david bois, there's police cars coming by. happens quite fraely in washington. during his time on the stand, paulson calling the firm of aig or saying that the firm was a poster child for all that was wrong on wall street. he said tough terms were necessary for a reluctant congress and public to back the bailout and more importantly were needed to ensure that congress would give him access to another $350 billion in. the t.a.r.p. money.

paulson said creating financial stability was the first priority and down played allegations the government didn't explore other options of aig including investments of china paulson saying he was talking to the chinese all the time and 100% certain that the chinese would not come in and make an investment of the size needed to save the company without assurances i couldn't give. the former aig ceo are the lead plaintiffs in this class-action suit, a suit that claims the u.s. government violated or cheated aig shareholders by, a, charging them extremely high interest ratds on loans, higher interest rates that were offered other troubled firms at the time and not compensating them for a 92% stake in the company. tomorrow, tim geithner, the former treasury secretary and the former head of the new york federal reserve takes the stand and then wednesday and thursday morning hearing from the former federal reserve chairman ben bernanke. back to you. >> looking forward to that.

second pieces they're on trial of the decision last week. for now thank you and certainly staying tuned. end of an era at hewlett-packard today. former chairman ralph whitworth explaining exclusively why the break-up is happening now and if the company should have done this years ago. ebola patient in texas in critical condition and fighting for his life. why did it take so long for him to get the same serum that others received? we'll go live to the cdc and former health and human services secretary weighing in. keep it right here. that matters the most. here. or here. or here. it's wherever this is. to get customers to come here and stay here, you're going to need an app that connects to all your systems. so they can bank, shop, do what they need to do, and you gotta do it fast. before the competition does.

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welcome back. we begin here with a quick earnings alert from dominic chu. hi, dom. >> good afternoon, kelly. watching shares of the container store. down 10% right now. the company posted weaker than expected second quarter sales and comparable store sales down weaker than expected .4%. the outlook for the year also below wall street estimates and shares down 10% in early after hours trading on 45,000 shares of volume and one thing to note,

kelly, might be of interest to all of you guys here. ceo kip tindle saying 60% of the net income in fourth quarter this year and this year they expect 70% of full-year profits coming in the fourth quarter. again, remember last year they're going against the weather impacted fourth quarter and interesting the see how it plays around with the container store and investors, kelly, punishing the shares down 10.5%. >> dom, you could perhaps read that, they might have used the word expect but hope is perhaps the principle here as, look, fourth quarter, sounds like a lot of these companies depending heavily on a big chunk of profits more so than usual. thank you for now. hewlett-packard shares getting a pop. josh lipton has the details. hi, josh. >> kelly, hp ceo meg whitman never a fan of breaking up the

company and wouldn't create shareholder return or customer value but times have changed. today hp announcing to split to. whitman the ceo of hp enterprise. that business does 57 billion in annual sales. the other company is going to be hp, inc., comprising the pc division. earlier today on cnbc, whitman talked about why a split makes sense. >> we think this is the best alternative for our customers and our shareholders. the market has changed dramatically in terms of speed and we're in a position now where we can pursue the turnaround of hewletthewlett-pa. the brand is on both canes in one form or another and a better position to get focused companies to respond more quickly. >> now, investors are cheering the news today and skeptics

question the strategy. bernstein says the split doesn't change a basic fact, both these businesses are challenged for growth and facing long-term heavy headwinds. the spin-off he said fueled by weakness not strength. >> thank you. let's dig deeper into this split with me now in an exclusive interview is former hp chairman ralph whitworth. welcome. thank you for joining us. >> happy to be with you here, kelly. >> do you agree with the assessment josh said of a split from weakness rather than strength? >> no. it's out of offense. it's natural that he may react that way or or are v a first reaction but this is full-blown offense. and it's just a much better way to present the assets to the market. and as you heard meg say on that earlier segment, they can -- you will have more nimble companies, more focus and serve the

customers and shareholders better. >> it sounds like hewlett-packard and others often splitting into one company that is cash and one that's growth. to put it sort of crudely. is that a fair assessment of what this split is about? cash generating and a business of a nice dividend and an another to commend a higher valuation with better growth prospects? if that's the case isn't the argument for keeping them together the cash fuels the growth and so why doesn't it make sense to stay as one company? or am i misreading the situation? >> that, kelly, is actually one of the reasons you want to split them because you're right. i mean, this is -- you really do focus on asset characteristics deciding how to put together a business solution. and that's exactly what happened here. and they're rationalizing the portfolio of assets than they have, you know, put them into

groups that fit different market demands so actually the shareholders are always concerned, whether it's this company or others about what we call cross subsidies where you have a cash generating business that may be feeding a business that is focusing on growth or the future when you really want that business to stand on its own or else go out and get its capital from the market. so, this is -- it's actually the opposite of what was said earlier. >> well, i wonder, too, if this is a validation of a strategy of leo apothacur for the company and a very late, you know, hewlett-packard coming around to an idea out there for a long, long time and why now? why make this move now? >> i wouldn't say late. that was early. the announcement was just a statement saying they might do

it which was really confused the market at that time and confused the customers and just led to a lot of confusion, so this is actually the right time because we have been spending the past three years getting the platforms in place, cleaned up. there's been focus on efficiency, innovation and this is the perfect moment to do this. i'm really excited about it as a large investor. and you can see from the stock price that the street is, as well. >> ralph, is it bittersweet having had to step down from the board in july? this is a high profile campaign and we know you're struggling with throat cancer and hope that you're doing well during this period. and again, when this is an issue, both personally of dealing with that and dealing with your investment company, while at the same time seeing the strategy you were pushing for now coming to fruition, what are your thoughts? >> well, no. i'm happy to see it.

if you remember the berlin wall went down under george bush and everybody thinks of it as ronald reagan's program. i'm not really worried about where the credit is or anything. this is really been meg driving this and the board. and the management team. it really -- there's not one person that's been pushing this or behind it. >> understood. when we talk about the strategy, there are financial reasons, there are strategic reasons and criticism as more companies look to kind of divorce for lack of a better word and this is driven by financial interests as if that's a negative. is there -- what would you say to those that look at a hewlett-packard and some of the others that split up lately saying this is too bad or too shortsighted or in the interest of wall street and perhaps not in this firm for the longer term? >> oh, well, you know, you always hear that long term, short term thing and this is both a financial, i mean, it's

very right down the middle a financial play, but also, operational. because the most important part of this for the long term and the knock on effect will be the ability of them to focus better and to have more nimble operations. and that is actually what drives the financial result. the financial result is just an outcome that comes from strong operations. and this is operation focused. >> here's a note. rbc flags this. hewlett-packard articulated it continues the hold material nonpublic information and think it could be nearing a sizable deal, especially one that would fit within the enterprise business and company has commented on perhaps some further mma. when we see the companies splitting off, often not the end of the story. a lot of times there is an acquisition that comes next or the company itself is more

inquisitive. where is this all heading? is this the last in the chapter for now that hewlett-packard splits into two or do you think there's an acquisition about to happen here? >> oh, goodness, don't get me started on that one, kelly. >> would it be in hewlett-packard's interest for it to now look around at some of the assets available on the market and pursue any of those if i can put it that way instead? >> you know, these kind of hypothetical questions, i know there's a lot of discussion out there and it's an obvious question, but it's, you know, so speculative. >> fair enough. >> it's not my place or my role to speak to that. >> one more question that we asked mark sue, the rbc analyst about earlier and he said, look, in the case of cisco and to benefit, the company is waiting and a lot of tech companies waiting for u.s. tax policy overhaul and looks like it's not coming. is that part of the reason

hewlett-packard pursuing this move, do you think? >> oh gosh, i can't imagine a company basing a strategy on something that congress might do. that's another thing that's outthere. it's -- it's a good catchphrase and this is focused on, you know, strong operations, innovation, putting the company in a position, presenting the assets to the market in the best way to achieve the highest value. >> understood. and ralph, before you go, how are you doing? we are eager to know. >> i'm doing great. and i'm happy to be here on live television. and we're -- i'm slugging at it. >> well, that is great to hear. our thoughts are with you as you battle this cancer. ralph, thank you for being here this afternoon. seeing again the strategy that you had pushed for now coming to fruition as hewlett-packard splits in two. really appreciate it. >> delighted to be with you.

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nbc cameraman arrives in the u.s. for treatment with ebola. now reports of ebola in spain. we have the latest. meg, this spanish case in particular is a new variation, is it not? >> reporter: that's right. it is a new variation, first time that ebola is contracted outside of west africa. we're learning that the spanish health minister saying a nurse there who had treated a priest that tested positive for ebola herself tested positive. she started to feel sick september 30th and now in stable condition. she may get treatment as soon as tonight. now, we are also getting updates that president obama has talked about increasing the screening for passengers coming into the united states and leaving those countries in west africa that are affected. we talked with cdc director about this morning and said they're considering everything they can to keep americans safe and don't want to isolate the countries and we couldn't fight the outbreak effectively there. we are getting news on the nbc

news camera ashoka mukpo treated in nebraska. treatment options are being discussed for him. his parents said he's currently feeling fever and nausea and nothing extreme and same hospital that treated another american who came down with ebola. and of course, there is news today on thomas eric duncan, only patient to have been diagnosed on u.s. soil. the company says he is in critical but stable condition and now being treated with an expermal drug of brincidofavir and of course health officials are monitoring 48 contacts for 21 days currently nobody's showing signs of symptoms. kelly? >> meg, if i could ask, the drug has successfully treated people or been used in the past. why so late in treating this patient in dallas? >> reporter: so this patient, this drug, sorry, is in late stages of clinical trials and tested in other kinds of

viruses. it was not until earlier in september that they tried to test it in ebola. just in a petrie dish and as much as they know. they're moving into animal models potentially and into human clinical trials but really they didn't know it would work in ebola potentially until earlier in september. >> okay. sent shares of chimrex higher. joining us is michael level it, secretary of health and human services of 2005 to 2009. also serving three terms as governor of utah. now founder and chairman of level it productions. what was your first thought when you saw how the dallas patient was handled or perhaps mishandled when it was learned he did have ebola? >> primary in this episode i think is a reminder that

pandemics happen and when they do, they can make dramatic changes around the world. we don't know at this point how broadly this will occur but we have had three pandemics in the last century. we have had ten in the last 300 years. they're a biological fact they have happened. they will happen and so we always have to be prepared. >> but the interesting thing is the cdc had months after the ebola first occurred in west africa of how to respond coming the u.s. obviously first try to prevent it from happening and then respond. what was kind of sur pridesing is hear they had to search around to find local cleanup crews to send to the apartment and the whole way it was handled seemed so slab dash and shouldn't the cdc have been able to say here's how we'll handle the situation? >> i can't defend that and i don't think they would. there's no question the protocol was not followed but hopefully

that have been changed and won't be a big problem but monitoring is a very parent part of when's happening now and enhanced monitoring is very much what's needed. >> i should mention, too, to bring the panel in and president obama says the u.s. is working on new ways to screen passengers for ebola. i don't know whether that offers any -- >> little too late. you know, here we have even movies about this stuff and i have this vision of people swooping in and a quarantine zone. we need to take it more seriously, don't we? screening doesn't seem like enough and we need to aggressively attack this. what i understand this isn't my specialty is sooner to quarantine patients, the easier it is to end this problem. >> there's basically four steps in this process. the first is smothering it. we failed at that. it's spreading across africa. the second then is to contain it. that's what's happening in

dallas and what they're not succeeding at doing in africa. the third then is to move to vaccine. you spoke of that earlier and then the fourth is figuring out how to medically survive. we want to keep this in the contained process as opposed to having to go further down that step. >> there are officials arguing that some sort of flight ban wouldxacerbate problems. they can't get the supplies through from port. for people like ross, for example, saying why isn't there a more aggressive action to prevent people coming into the u.s., there's no way to do that without creating more harm than help? >> that's debated. i'm personally not a fan of blanket travel bans because they're so hard to enforce. someone would leave africa and fly to paris or to barcelona, wait a day and then fly to the united states and you wouldn't know.

screening, enhanced screening, that's the answer. >> i'd be curious just with all of your experience at the health and human services department, i mean, what -- looking back at it, what would you advise the administration and officials now to do looking forward and what sort of preparedness would you advocate as you think about this crisis sort of evolving in a way that i don't think anybody believed was possible, but clearly, we sit here and it's having real economic impact and real physical impact on everybody. >> if there's anything we could learn from past pandemic incidents, it's take them serious. the second thing we learn is that preparation is local preparation. the cdc can respond if it's in dallas or in nebraska. but the thing about a pandemic is it happens simultaneously everywhere at the same moment

and then becomes extraordinarily disruptive and destructive, and so, preparation is local governments dealing with churches, businesses, everyone remembering that pandemics happen and we have to be prepared for them. >> i don't know how reassuring that is to a lot of us familiar with these organizations. on the local level. >> isn't that something to do now and talking about in it a way, we should be on this stuff. i was reading that under the bush administration, to his credit, we were scared of terrorism, bio terrorism, and so we had the resources and response teams available to deal with these kind of -- >> in this era, frustration and -- >> exactly. forget about it. and now we're really in my mind so behind the ball in dealing with this that it essentially is making the problem worse because now a lot of people are just scared. >> is that a fair? we have to go but a quick last word, michael. >> i will just say this. anyone who believes that the federal government and any

administration to swoop in and somehow solve this problem once it happens is tragically disappointed. it just is too big, too broad. happens too quickly. preparation happens at the local level and with businesses and families and hospital communities, et cetera. >> okay. lime time to increase the pressure on the local level at least. thank you for being here. how are states preparing for a possible ebola outbreak? we'll discuss that. less than a month before the midterm elections. who's the rebels, leaders and innovators? andrew ross sorkin will join us and just ahead on "the closing bell." just take a closer look. it works how you want to work. with a fidelity investment professional...

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forbes of "force" magazine. >> going to steal business from them? is this a war of tax breaks and how states win business anymore? >> no. in order to grow your economy, it's much more complicated, infrastructure, k-12, higher ed, tax base, very low tax base. why virginia's at the top, very low taxes, uva, wunl. william and mary. we have got just spectacular higher education institutions. but a can-do attitude. we're booming. i just announced one of the biggest deals of china in the united states. we just won that. $2 billion investment. 2,000 jobs. just announced a 550-mile natural gas pipeline, a game changer. >> and controversy with that, as well. i was home in virginia as you referenced last week, there were lots of signs saying dominion power or others, we don't want you to frack, we don't want it

in this state and concerned about the environmental impact. virginia is a state with a lot of real deep seeded concerns about the changes. >> her's the deal. first of all, we are bringing gas from outside virginia and no fracking involved in this pipeline. we are bringing in gas from the shale and doesn't come to virginia, it can go anywhere else. this will create 8,800 jobs for the construction of the pipeline. it will be a game changer, take it all the way across virginia. build manufacturing. you can take spurs off it wherever you want. we will have some of the cheapest gas in the united states of america. we already had very little -- guess what. four 50-year-old coal plants will be shut down and good for the environment. the head of the epa said last week up here in wall street to reduce carbon emissions? build a natural gas pipeline. >> fair enough. you mentioned the changes of bringing manufacturing to the area, increasing the traffic on the interstates which is also something from personal

experience i can tell you is a real challenge. take interstate 81 and how dangerous and how realistic is it to expand that key corridor or do something to mitigate the effects that that's having as you break some more people and more trucks on to that route? >> we are a population of 8.4 million people. people want to be in that corridor and we have to deal with the infrastructure needs. i have announced major projects we are doing. we have a hot lanes on 495. about to open the new 24-mile extension of stafford all the way up to connect with the 495. i have announced i want more lanes on 66. route 64. we are looking at 81 and what we need to do. it's a quality of life issue and not just going and bringing your business around. it's about can you see your kids play a ball game in the afternoon? we are the leaders in public/private partnerships, p3 agreements. come together to solve those infrastructure needs. but that's why we're continually rated one of the top states in

america in the business. we are interesting in the future. we have a deepest port as you know, kelly. we have the only port that can handle on the east coast the new ships. >> just promise me that you have a plan for preventing or treating ebola if it comes to the state. you saw michael leavitt. what local measures are taken to keep this deadly virus from spreading? >> listen. we have a great department of health. my secretary of health who i have been working with very closely on this, because of how close we are to the capital, you know, we are so close to nih, we are prepared for everything in the capital region we call it and just one more thing we're looking at to prepare ourselves. virginia has more military installations than any other state in america. we have the largest naval base in the world. so we're always prepared. pentagon, cia. they're all in virginia. so, as it relates to health concerns, we are on this every day, prepared and for anything.

that's why we are such a dynamic, growing state. >> understood. and we're all watching with baited breath, of course, hoping to contain this disease that's threatened so many people. terry mcauliffe, thank you for being here. >> move back to virginia. tell everybody where your parents live? >> if there's anymore traffic on i-81 they won't be in lexington much longer. >> they can go anywhere in the globe. they chose commonwealth of virginia. >> thank you did. thank you for being here. cnbc unveiled the group of people had the biggest impact on finance and business and the year cnbc went live. now it's time for the next 25. rebels, icons and leaders we think will change the face of business. andrew ross sorkin joining us with who they may be next. the nfl saying it's ready to return to los angeles within the next 12 to 24 months.

popular story today on cnbc.com. we'll find out if it made the hot list next. today could be the day. the day we give you hope. relief. a cure. today, we believe every life deserves world-class care. as one of the top four hospitals in the nation, over 100,000 people from around the world come to cleveland clinic for care each year. and we're ready for you with a second opinion or a same-day appointment today today

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the economy comes to life. norfolk southern. one line, infinite possibilities. twhat do i do?. you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. as part of the 25th anniversary, cnbc presented to you a list of 25 men and women we thought helped transform business. today, we're looking ahead. i'm joined by my colleague andrew ross sorkin with a lineup of movers and shakers who could

be the forces of business for 25 years. are you on there? >> i'm not but maybe you should be. >> funny. >> we'll debate that in a minute and we should say all day we've unveiling the members of the next list and the group of innovators we with the expert advisory world think will shape the world of business. now the final 25 members of the next list. we're calling them the heavy hitters. ♪ >> we're extremely excited about social. it's a broad category and lots of opportunities and domains to

apply a social network. ♪ >> i think that the best companies are ones where you have a great combination of team and talent and then you have a product or a service that is really necessary for the long term. ♪ >> this new york stock exchange business is doing very well so for me personally there's an oath of do no harm. ♪

>> i always tell people when it's bad it's still good because you're learning the best, the best investment environments. the worst days in the market are where we made the most money long term. >> and we should tell you that the conversation doesn't stop here. we want you to head over cocnbc.com for details about the list and specifically to share comments and who you think is on the list and what you think of them and who you think might be missing including perhaps kelly evans missing from that list. >> don't even. i was just going to put that -- >> you went there. i had to go back. >> i was just going to put that question the panel here, dave, ross with me. who's missing? who would you put on the list? >> myself for shoe. i mean, you know? no. i think you would be a good candidate, as well. i thought it was for the next 25 years. you have to be alive. there's some people on the list, you know, i'm like -- >> who are you thinking is too

old for the list? >> no. let's not go there. let's go with additions, dave. yeah. >> you know, i guess the business -- it's all creating business opportunities. that's the list. and oddly, i'm going to say something that maybe, i don't know, would be a little bit annoying to some of you. but i think what some of the leading central bankers did. >> i thought you might say janet yellen. >> is pretty important to the incentives for everybody to go out there and take risks and be entrepreneurs. i would look at mervyn king and ben bernanke and janet yellen. and say as much as they didn't get in a garage and create anything, they spurred a lot of people to do that by the policies they put in place. >> for the next 25 years. ross? >> well, i think when you think about the future, and elon musk should be on that list. >> he was. >> oh, he was? >> the original 25. >> this guy has changed the world so much in such a wonderful way. and so much of his innovation has a great social good. and he has made billions of

dollars for himself and shareholders. i find him to be an incredibly inspiring person. >> as do many, guys. we'll leave there it. andrew, thank you for joining us. >> thank you. i'm looking for you in that list. at least in 25 years, when we look back, we will know we have missed something. >> cnbc.com for the rest of it so everybody can weigh in. with the middling type day for the markets, what was the top story on cnbc? we will find out the hot list next. and tomorrow, feuds common in business, especially in the rock 'n roll business. we'll get an inside look at the all-time feuding rock 'n roll group aerosmith. joe perry is going to visit the nasdaq tomorrow. we'll be back right after this. ♪ when change is in the air you see things in a whole new way.

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fall may be in the air, but things heating up on cnbc.com. allen, what is popping on the hot list today? >> its quote of the day from robert mcnamee. he said hewlett-packard is about as agile as a bag of cement. >> ouch.

>> he was not looking very favorably on what hewlett-packard did. >> no. >> so we ran it down and people are eating that one up. number two, just related to the list that you were just discussing, we have an article looking at teenagers who did some incredible things not on our list, because we want to see if they have staying power, but some fascinating stories here. one kid made a cancer test for only 3 cents. 3 cents a test. >> that's fantastic. >> and then finally, a profile been getting a lot of attention about scott butera. he was ceo of foxwoods resorts, the casino biz. but he is saying farewell casino, hello, arena football. another business that might have some challenges to it. anyway, those are the three that are popping for us right now, kelly, we'll see what he can do with it. thanks for now. much more on cnbc.com. the first day of the week is in the books. we've got earnings. we've got data. we've got to watch markets. we'll be right back. ...for the year. hi. sorry.

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synchrony financial. enagage with us. welcome back. quick final review. preview with the panel. what do you think today, ross? anything under the radar? >> i think this new mystery with tesla, what does the d stand for, what is going to happen, was it a driver's assist version of the tesla? we know some of the drivers of

tesla do need assistance. they crash them a lot. if you go into my body shot, you see a lot of crashed teslas. i can see that happening. >> the share is up today about 2%. >> and they've been rallying since the tweet from elon musk. and, you know, i love the company long-term anyways because i think the burning of gas in our society is just destroying the environment. just trying to get here, there are so many cars. >> you didn't drive from l.a., did you? >> no, no. just from soho. it's crazy. >> so review tesla, keep an eye on it. preview, dave. what's next? >> i'll go back to what i was talking about before. the dollar is in play. and i think if you're looking at microeconomic stories within a company, whether it's a walmart and what that might mean for people's ability to walk down those aisles with a little bit more money in their pockets than they had because a gallon of gas keeps going down, or whether it's because of a company that has a lot of exposures to earnings overseas, do your homework. be careful and think very clearly about a world where the dollar is going to be a lot more

volatile than it might have been in the past. >> the strong dollar cap. be care whafl they ask for. >> and i'll give one last plug. >> my ceo rich handler. an amazing investment bank. >> you're not allowed to do that. "fast money" is coming up now with melissa lee. melissa, what son tap? >> welcome back, kelly. >> thank you. >> first of all. we're trading the g tap fallout. straight ahead. >> over to you guys. >> thanks, kel. "fast money" starts right now. live from new york city's times square, the traders a pete najarian, dan nathan, karen finerman and guy adami. coming up, the latest on the ebola outbreak chimerix rallying. we start off with our top story tonight. our split is a red flag for investors. hewlett-packard announcing today it will split into two companies, an enterprise business and pc and printer busy after ebay announced last week it was splitting from payp