>> you heard it here first. i think you might be right about that. there is a lot of discontent about washington. >> hope you had a good weekend. that will do it for this edition. >> we will see you. these see saw markets seeing and sawing again. the dow is back up as sue and tyler just saw you. the best news for you perhaps may be the worst news in a long time for stocks. we will tell you what and why ahead. it was the best of times and the worst of times at least for the dow. yes, it has been an insane week. you can see the volatility here behind me on the great wall that we have created for you but mirrored another week that we have seen before and it was back in 1987 with the best and worst days of the year back-to-back.

you can see it right here and then right there. you know what? it still pales in comparison with the volatility of august 2011 when the u.s. got slapped with an s&p downgrade. let's start with the floor of the new york stock exchange and join bob. a real battle between those trying to pick a bottom and those who continue to sell on what i believe is quite heavy volume. >> i have been waiting for this for a long time. we are so oversold in certain sectors like semi conducters and oil service names that somebody was bound to try to pick a bottom. the results are still out there. we are not sure how this is going to end today. let me show you some of the market characteristics we are seeing right now. very choppy trading pattern. i will show you chart patterns up and down. very heavy volume. 3 billion shares at the nyse. so far it is only 2:00. new lows are expanding. 383 at the nyse out of maybe 2,800. that is a significant number.

3-2 declining to advancing stocks. moving up, getting better, maybe even shortly. let me show you the choppy trading patterns. russell 2000. down, up, we were in positive territory. there is a lot of fighting for control here. i will show you another one. oil service, oil names, drillers getting killed all throughout the month here. we actually went positive. all this has done is go like this for the last month. now we are starting to see buying interest and the volume is very heavy. little fight for control. not clear how this is going to end but at least we are getting action from the buyers here. same with semi conducters. we talked about semi conductor technology warning today. generally to the down side. this is the one sector i haven't seen a lot of moves off of the bottom. at least we are getting some interest here. the volume very, very heavy. by the dip is not quite here yet

we are trying to get people selectively pick the bottom. it is the energy stocks you want to watch. the xop goes positive i think it will be a good, good sign short term. back to you. >> stay tuned because later in the show we show you how bad some drillers have done this month. let's bring in morgan brennan at the nasdaq with the tech wreck but that was so yesterday. >> i don't know. i think that probably applies to the entire week the way we are going. right now we are down and are on track for a 3% loss for the week. that would be the worst week for the nasdaq composite since may 2012 and the third consecutive week of losses for the composite. so it might be correct to use that term. now, semi conducters obviously leading this downward slide. microchip warning on revenue and citing weak demand in china

pushing the entire group lower today. semi conducters really reflecting this and down more than 5 pbl% a piece today. the biggest chip maker down about 4% on the news today. all eyes on that company next week when they report earnings on tuesday. that will be a very telling report in light of the news we have gotten. all of this is fuelling investors' concerns over global growth. so that is also pushing other large cap stocks down. we see google, microsoft, facebook, these are names that drive the nasdaq's performance. those are all in the red today. the one exception, apple up nearly 1%. and the other one i would just point out is the new ipo today play, dave and buster's restaurant and arcade chain up about 9% today. that opened at $17 a share, a dollar higher than final pricing last night. those are the two bright spots in an otherwise sea of red.

let's get back to a developing story that we first told you about a few minutes ago here on cnbc. gilead sciences just received -- >> just receiving fda approval of this combination pill for hepatitis c, the first once daily single tablet to be approv approved. we all know that the original drug was priced at $84,000 for 12 weeks of treatment and had a lot of controversy. we are told the price of this will be $94,500 for 12 weeks, $63,000 for eight weeks. they say some patients can take the drug just for eight weeks about in line with expectations we are hearing. it is important to note this is really a change in regiments. they are able to take one pill once a day, no injections and

getting rid of some of the side effects with other drugs they had to take. really big news here for gilae d. now back to the overall markets. this has to be one of the most confusing times for investors in a long time with all of the volatility. let's welcome in chief strategist for schwab. your phone has probably been off the hook everybody calling what to do. what are you telling them? >> there is one answer to at least explain what is happening and that is deflation. commodities led the stock market down. they have been leading indicator here. stocks peaked down in mid september but oil peaked in june. agriculture commodities peaked in may and april. they have been leading to the down side and they are in a bear market. look what happened today. copper and oil turned around just ahead of the stock market.

it is all about deflation. i think there are sectors here that have high expectations and a high percentage of foreign sales exposure. remember the center of deflation is in europe that we need to watch out for. that means tech, energy and industrials could see down side. >> let's fight. not fight, let's argue politely. i thought deflation was a good thing. lower gas prices. mandy said it many times. more dollars in our viewers' pockets. lower prices for things are good for people, bad for companies. isn't -- aren't the people more important than the companies because the people are a bigger part of the economy? >> the people matter a lot and certainly the people in the u.s. have been doing well. the center of the risk here is in europe. the risk of deflation isn't so much paying less at the pump or grocery store is that wages could go down. this is the threat. it begins to affect detd.

when you have developed markets with over 100% debt to gdp inflation erodes the value of debt. we have big problems in the developed world. >> so jeff has just told us he has been watching commodity prices which is showcasing the deflation scenario. he has been watching commodity prices as a clue to where stock prices are going. are you doing the same or are you watching another indicator? >> i think those are exactly appropriate. the other answer i would give to that commodity problem is the reason commodity prices are down so it is less expensive at the pump is because fewer people are filling the gas tank. the other thing i think that is going on today and maybe this week and led leading up to earnings season is the worry about the strong dollar and seeing weakness in at least the forecasted fourth quarter kind of numbers that people talk about. we will probably see good and decent third quarter earnings

numbers but the outlooks from all of the companies particularly global companies probably a little soft. i think that is what you are seeing with the semis today. that is a taste of what we might see coming forward. >> you are saying the strong dollar, we already had the earnings from alcoa and pepsi were good. you would have thought that kind of company to have been hit by the strong dollar but it is not the case. >> the strong dollar didn't bite for most of the quarter. it was really the last third, the last month of the quarter. what we hear is we had a good quarter. revenue numbers were good. we are really starting to see a slow down in international sales because of the strong dollar. so that is what we are worried about and that is what you see particularly negative stock reactions to some of those earnings coming up even though the numbers will be good. >> so if e, if earnings goes

down a little bit but the p in price goes down more thrks market therefore now has a more fair multiple. wouldn't that be a catalyst to bring people back in? >> yes, it is. and it will be fairly soon, i think. but we are not quite there yet. look where we are. look at the emerging markets. they are flat to up this month despite the fall in the developing markets because of what you said. their price to earnings ratio is ten to 11 times much cheaper. they are actually doing pretty well here. it is the rest of the markets who need to see valuations correct a little bit. >> we have seen a lot of garden variety pullbacks. 2% here, 3% there. we have not seen 10% or more correction for a long time. you think this might be the time, right? >> i mean, we are all reading tea leaves here at best. there is a whole confluence of factors. we are not calling for a 20% bear market.

it wouldn't shock us to see 10%, 12%, 15% pullback. it has been since really the beginning of 2012 that we have had any kind of shock to the system. and it frankly with all the sort of negative news that is piling up and lack of a catalyst it feels like it is time for us to potentially get a little more difficult than we have seen before. >> guys, have a great weekend. thank you very much. oil prices may be stabilizing today. they are sitting just to the upside by about 30 cents but have been crushed recently. that is a good news/bad news scenario. good as we have been talking about for the consumer, us. potentially very dark cloud for the economy. why? we are going to weigh that next. later on, we told you about ford's european exposure. is the new threat to the company the new f-150, the best selling vehicle in america. why did they mess with it lly hao hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..."

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. we are just a few minutes from a week seeing crude crumble. let's get the latest price. we were just saying how we had very little faith that the saudis had the will to support prices. we learn today that they have been pumping more oil. >> that is exactly right. so we found out today that saudi arabia had increased its output by 107,000 barrels per day.

that puts the production level at the highest that we have seen since last summer. we are a couple minutes away from that crude oil settle so it looks like probably below $86 per barrel. oil was lower for most of the session breaking below the level of $84 before it began the trek back up after the european close. one trader told me it is confusing and hard to trade on days like this. you think prices are going to continue to push lower and lower and then they turn around and move higher. brent crude oil trading at the lowest levels since december of 2010. some estimates say saudi arabia does need oil prices around $93 a barrel to remain profitable. perhaps they are not profitable right now but we know they are the world's largest producer of oil. they can withstand that blow for a while. so, too, can the oil drillers both in canada and in the balken. even though the price has fallen

nearly 23% from recent highs it is still profitable by a comfortable margin for oil drillers and the canadian oil stands. >> we are not the marginal barrel. i think don't appreciate of the adoption of the technology and where we brought it just in the last few years we are in the high 30s to low $40 supply cost range in our two main facility areas. we have a lot of value to generate. we have a lot of running room. and the price fluctuations can impact us except we have a lot of room to continue to evolve. >> they are still profitable as long as oil doesn't fall below the $30 to $40 range. they remain profitable until oil falls below about $58 per barrel. >> thank you very much. rgets the drop in oil is hitting stocks hard. let's look at decliners this month.

we are talking about the balken and the offshore names, gulf of mexico. some of the names do have an overlap between the two or three areas. permian basin hardest hit linn energy. balken shale operators. and offshore the biggest drops in october, 13% for sea drill. the operators of balken have bigger drops because they have the highest cost of production. courtney gave the $58 number. it is accurate across the spectrum as an average. having been there and dug in deeply there are producers whose cost of production is much higher than 58. if you buy land now and start a drilling rig today you ain't at 58. you would be lucky to be at 78.

that is why some of the names -- 58 is the average. guys have been there forever and have a lower cost. >> 78 when you think about it is not that much further below where we are right now. >> you have to be able to guarantee in order to go for the risk. it is not a guaranteed thing. there could be a bright side here for you which i'm sure many of you have picked up on. you have filled up the gas tank and think this is great. prices keep falling. julia, have you filled up your gas tank lately? >> reporter: i am about to as soon as i'm done talking to you, mandy. even here in california where gas prices are the third highest in the country those prices are on the decline. the average for a gallon of gas here in the golden state is $3.65. that is down 16 cents from just last month. and those prices could decline to the lowest levels in nearly four years according to gasbuddy

dom.com. maybe it is just jaded l.a. drivers. not many of the people we talked to here this morning and this afternoon noticed the price change or seemed to be affected by it one way or another. >> i heard in another state they were but here not really. >> i just noticed the price they did go down quite a bit. >> i commute pretty far from burbank to beverly hills. it is what it is. i get great gas mileage on my jeep. >> reporter: other states could see gas prices drop by as much as 30 cents between now and early december. some stations in colorado, new mexico, utah and arizona are already selling gasoline for less than $3 a gallon. the national average is $3.24. here is a look at some of the metropolitan areas where average gas prices have dropped below $3 a gallon. the owner of this gas station tells us just today he got word that prices were going to drop

by another 3 cents. that is a big drop for just one day. >> commute from burbank to beverly hills is tough. back in the limo. there are also small businesses vulnerable to higher gas and fuel prices. kate rogers covers for us. soupds like it would be a good thing. >> energy costs are a huge deal because they have fewer resources to absorb the cost. that national federation of independent businesses rank the top three costs for small business. of course, energy ranks in there. 38% say vehicle operation is a huge cost for them. one-third say heating and cooling another huge cost for them. one-fifth say operating equipment. if we see energy prices continue to fall that would certainly seem to be a good thing for main street here. >> we have certainly seen that optimism is flowing through? >> absolutely.

they are looking to the the consumer because obviously black friday is coming up. small business saturday coming up for the holiday shopping season. they are hoping lower gas prices translate into people saying it is cheap to fill up my tank. let me drive to main street and go shopping. they are competing with huge big box retailers and can't discount as much. there is a lot of competition going on. >> i would imagine as hard as it is the consumer will have more money in his or her pocket will probably override any other concern. >> we spoke to a baker in chicago and he was saying his business is painfully consistent. when he drops prices and discounts them the same amount of consumers come in. it is solid and stable. he would love to have more people come in during the holiday season. they are somewhat optimistic. >> the butcher and the candle stick maker say? >> i have sooget back to you on

that. >> thank you. yesterday boon pickens said oil could go below $80 a barrel. let's find out if others agree. ward mccarthy, charlie cooper. kyle, i start with you. let's start with you. are we going to go below 80? >> one thing to keep in mind is u.s. crude production reached 8.75 million barrels this past week. that is a multi decade high and is approaching the all time peak in the early 70s. the u.s. producer continues to do a phenomenal job at getting more and more oil out of the ground. even at this price level most producers still have a huge incentive to do so. also, if this blip down and short-lived it will not effect drilling plans much at all. >> do you think this blip is short-lived or will it be more prolonged, ward. you are the economist here. what you are seeing in terms of

global growth slowing down do you thing this will be here for a while and maybe a self-correcting cycle whereby we start seeing prices pick up. >> i think you hit the nail on the head by pointing out to the fact that global growth outside of the u.s. has been very sluggish. commodity prices and that is certainly true of energy prices, determining global markets and the fact that we have seen a sharp slow down in economic activity in europe and asia is really the primary reason we are seeing weakness in commodity prices. as far as the u.s. is concerned it helps a lot of people on the consumer side and business side especially related to the transportation sector. those in the northern climbs have smaller heating bills this winter and everybody benefits by lower gasoline prices which gives more money for discretionary spending. it is true that consumers tend

to be cheerier when they see the prices falling and get grumpier when they rise. these declines in energy prices are going to make u.s. inflation numbers look substantially weaker in the months ahead. i think what that also does is figure into monetary policy. fed has a dual mandate. they haven't hit the mandate on inflations for 2 1/2 years. and in the months ahead at least they are going to be moving further below their target. >> there is going to be a negative impact to this, too. there will be people that in the oil patch that will make less money. >> well, i think that in terms of where those break points are even some of the higher balken areas are upper 70s. if it just gets down to $70 for a week or two due to liquidation one of the things to keep in mind is that speculators are net

long. it has the other gentleman just said if you have big funds to start liquidating because of strong dollar and they start to sell a lot of their holdings then you could drive prices down to 70, 60. i don't think it is a long term thing. if it is just down there for a week or two the drilling effect is not that significant in my opinion. i think it has to be there for three months to six months before you see a significant pullback in activity. >> three months or six months at lower prices. that is what we are watching for. ward and kyle, thanks very much. watching the opec meeting november 27. he said what? one of us read about what was said about women and raises. we will help you look smart at a cocktail party tonight. three big things you need to know about going into the weekend.

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conference about how women should ask for a raise. he said it is not about asking for the raise but knowing and having the faith that the system will give you the right raises as you go alone. reward women eventually. it created a huge fire storm which he tried to calm with this e-mail. he wrote i answered that question completely wrong. i whole heartedly support programs that bring more women into technology and close the pay gap. when i first read this report yesterday afternoon i thought it was maybe a spoof. i thought that can't be true because it just sounds so incred unless out of the mouth of someone like that. >> not ideal. >> not ideal. at least he acknowledged it. he e-mailed and said i was wrong. i'm sure he will institute policies that will be extremely gender equal from now on.

>> let's hope. all of silicon valley should. volatility is back. you know that. do you know how to profit from all of that volatility? our guests lay it out for you. five analyst calls on stocks you need to know about it. we know it as street talk coming up. traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time flights are nothing if we can't get your things there too. it's no wonder more people choose delta than any other airline. i make a lot of purchases and i get aness. lot in return with ink plus from chase. like 70,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores.

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very strange day in the markets. lots of push and pull. dow is currently sitting flat lining. it could go into the red. nasdaq still down by over 1%. >> we are going down a point a second on the dow. we were up 50 something when the show began? >> it is losing steam towards the close. this is time for something we do every day at this time called street talk hitting five analyst calls on stocks you need to know about today. the first stop getting a downgrade. >> really arb trag call. the company being cut to neutral. if you are expecting more bidders to step in and bid more says you are off your rocker, not going to happen. their price target is right around there. >> electronic art otherwise

known as ea. >> we have two video game companies in a row. ea bench mark company upgraded to a buy. target bumped higher from 41.82 to 42.50. the stock is already up 50% recei recently named top pick. >> blizzard getting a downgrade. >> atv i downgraded. the target cut from 22 to 23. a little more upside seen. they are concerned about sales drops for call of duty and some game called skylanders. >> call of duty known as cod from the insiders. >> i thought that was fish. >> it is a fish. call of duty, cod. neilsen holdings. >> nlsn up 1.5%.

it was upgraded from buy to hold. they think the recent selloff is overdone and bump target. they see 20% upside. the stock has been down. >> this is our final under the radar name of the week. nexstar. they own a ton of o&os. many time champion there. . ever corp upping it to a buy. about 30% upside. shout out to nbc affiliates that nexstar owns. >> now to talking numbers. let's talk fear and greed. this week's sell off sending the vix measures options spreads to highest level since february. is there more volatility to

come? is the sky really blue? let's talk numbers with erin gibbs and todd gordon. todd, i start with you because this is in some ways a technically driven index. once the fear kicks in levels start to get noticed. what are you seeing? >> we are at a very interesting juncture with the s&p and the vix. it is timely in that the first chart dates back to exactly one year ago. we failed at respected trim line resistance in the vix and we are testing support in the s&p. so this is exactly a 12-month trend line. if either were to break and we get through the 1920 down to 1,900 in the s&p that opens levelled to the down side. top side same thing on the vix to the upside. the levels to look for if we break perspective levels would be earlier this year to the 20 level on the vix which would coincide with about 120 point

drop in the s&p to about 1805. there is a lot of open interest in the 20 vix calls for next month. >> what are you seeing? >> so this is interesting. we are at these recent support levels but i don't want to overblow the volatility that we are seeing. we are only hitting levels that we already just saw back in february the five year average for the vix is 20. so anything around that 18 to 20 vix level is actually very typical top of the range, very much with normal levels. i think it is very unlikely that we see a further down leg or significant down leg considering we have 10% earnings growth for the next 12 months for s&p 500 and 7% revenues growth. i see this as us going back to the new old normal of volatility where we see up and down days and also that we are just going to have a bit of a correction and pullback and go back to

normal vnorm normal valuations. >> the new old normals or the new new normals. >> from now on we refer to it as the nermal. >> it is a normalization of volatility. we are seeing equities playing a little bit of catch up. it is a good point that erin makes. >> thank you very much to both of you. on monday we answer the question that i don't think neither answered whether or not the sky is blue. let's check out the online edition of "talking numbers". we have focused on helping you figure out how to play the wild market. we will get you expert advice on where to find value. >> the news may have been overshadowed but the new aluminum ford f 150 pickup may be tougher than some people might think.

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shares of ford sitting at the down side after one day after morgan stanley cut its price target on the stock on concerns of the new aluminum bodied f 150 truck may not be as profitable short term as they were thinking. in fact, there were fears this could become the new coke of the truck world. let's bring in former vice chairman at gm. do you like this truck? >> well, i haven't driven it. i have every reason to believe that it is going to be as excellent or more so as ford f-150s always are. i am a ford retiree, too. >> ford retiree, as well. it's been the original wasn't it like the best selling vehicle in america for like the past 30 years? why reinvent the wheel? wasn't it working for them? >> everybody who will have to

invest money into pickup trucks and full size sports utilities because of the cost of meeting government regulations. general motors is choosing to do it mostly with engine and transmission technology. ford is choosing to do it with weight reduction. some added cost is going to go into everybody's big vehicles. >> so do you think it will be a disaster for ford? >> here is what happens. if the public likes this truck and has every reason to assume that the public will like the truck. it will get very good fuel economy and do everything the f-150 has ever done. if there is strong demand pull for it it will reduce the amount of incentives that ford has to offer at retail. and right now incentives out in the full size pickup world are in some cases up to $5,000. if they can cut the incentives on average to $1,500 or $2,000

because of the ongoing heavy demand for the truck at the end of the day they will make more money and analytically smaller margin. analysts just look at the spreadsheets and say woe is me, the margin is down. at the end of the day if they sell a rich mix to the public at low incentives they will make a lot of money on that truck. >> you have worked for pretty much everyone, right? ford, gm, chrysler. you know a lot about the competition. i want to know what the competitive response will be to the new truck if it is a big success? >> it will be a big success and other companies will take other approaches to mass production. ram is betting on heavy use of diesel engines. in the face of general motors, general motors new mid sized trucks just now hitting the market that are almost full sized but much lighter and more fuel efficient.

they will do everything a big truck can do. they are hugely successful. whose hyde is that coming out of? the toyota tacoma or out of ford or will they cannibalize general motors big trucks? that is one -- that is a more significant new element in the overall pickup truck market than i think the fact that ford has gone to aluminum. >> and i will give ford credit. they have the gear ratio to come out and make a change like this. yo ahave a new book coming out. why should we read it? >> well, it's out. it's been out for some time called "icons and idiots, straight talk on leadership". it describes various personalities i have worked for including past ceos of the ford

motor company. it has good leadership lessons in it. >> is it out in paperback? they said you have a new book coming out. now it is an old book. >> it is not on old book. >> the new old book. it's the paperback edition is just out. now available to a broader public. >> now available to three ring binder. thanks very much. appreciate that. >> before we get to breaking news the dow is negative. we told you the dow was losing. we are down 15 points. we were at 16757 as a high of the day earlier. now are at 16643. never a good sign heading into the weekend weak especially if we end on the low of the day. >> we are trying to pick a bottom. you can see where it is going in and out of negative territory

all the way through the day on heavy volume, as well. rare appearance by jamie dimon. >> it was actually his first appearance following his cancer treatment over the summer. it is not every day you get him and four bank ceos in the same room talking about global growth, talking about regulation and, of course, the emerging threat from silicon valley. that is what they were doing at the institute for international finance conference. we want to start with global growth. they concern that a global recovery without europe was not a recovery at all. deutsche bank ceo voicing concern that european banks have slimmed down to the point that there is not a lot of credit available. one thing they did agree on is that the u.s. is the best house on the block, the economy is recovering, the consumer will begin to spend even in the face of rising rates which morgan stanley ceo said should not be a concern. here is what he said.

>> this dog will hunt. and it's time that we got out of the scar tissue of the crisis and started dealing with the facts. and so i think that's my view on the u.s. economy. rates are going up in 2015. 2015 has 12 months in it. at the earliest it will probably go up in march, at the latest probably september or october. we are talking about six months. does it really matter that much. >> and, of course, the conclusion that he drew was rates are going to rise, get used to it. dimen voiced his bullishness for the u.s. the moderator asked if he was considering running in 2016. he currently said no. they did talk about regulation, of course, there is a lot still happening on that front. they said there is a lot of progress that has been made and a lot of progress that needs to be made. said global coordination isn't

there. gorman said there is a great architecture here in the u.s. and dimon said we could see the end of too big to fail finally. really interesting were the comments made about emerging payments technologies, pay pal not by name but stand alone companies that are threatening the bank's bread and butter businesses. they said we are learning from them but will never threaten us because they can't take retail deposits. dimen saying i doubt google will be a bank holding company but they can be my guest. certainly interesting and market moving comments today on the overall economy. quite a heavy hitting panel. back to you. >> certainly was. sounds like it. thank you very much. it has certainly been a busy week. there has been a lot going on. three things you need to know about heading into the weekend coming up. and in a market of thousands and thousands of stocks there has the to be good places to put

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thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. and often even more. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $89.95 a month. comcast business. built for business. what if we have a big selloff like yesterday? our next question is, is now the time to buy?

so, let's start with some names in health care and bring in john sharer. >> thank you. >> we were doing breaking news on gillead i believe a new hepc in pill form and is this a huge lifter for the stock? >> yes. they received approval of the fda today for their drug and i believe it's harvoni. combining what was two pills to take. it presents a cure for those patients with hep c and it's a big positive i think not just for patients, investors and the payers which is a big pushback within the sector. >> does a slightly lower -- i mean, 62,000 bucks is a lot of money. >> yeah. cures you. >> slightly lower price make it more viable? and thus better for gilead? >> absolutely. s after over $150,000.

this now on an average treatment assuming that half the patients do 12 or 8 weeks, it's 80,000. >> be the payers be more receptive of $63,000 drug versus 150,000 or some ways agnostic to the price because they have to be? >> well, i think the payers are pushed back not because of the price per cure. more simply because of the number of patients total. this is a definite benefit in terms of 80,000 for a cure instead of 150. >> let's talk a little bit of -- this is on your pick list here. you have activist and gilead and the political opposition of the tax inversion and now closing the acquisition. >> yes. it is to be closed hopefully year end. abbvie have their own treatment for hepatitis c. >> unfortunately we have so much

breaking news and we have to leave it there. >> understand. >> thank you. >> thank you. where are the best value stocks outside of health care right now? let's get to meg black joining us. all right. you got two retailers, coors and costco. any way to pay for it with your discover card? which stock would you like to discuss? >> all three very, very briefly. costco, they have a tremendous traffic that goes in there. you buy your membership. and if you forget and you can rebuy it again going and seems to be my case, you can buy your food, buy your beverages and you can buy drugs. just tagging on to the back of that. generally very, very good price. so, going into the holiday season, we like costco. i think you have about a 10% move in the stock between now and year end. >> you also like michael kors. >> yes. >> down 8% year to date. >> we are seeing some value there. we think that over relatively short period of time you'll see some very, very good increases.

they're very popular. they have broadened out into so many different accessories and apparel. they seem to be what i would call the medium-plus marketplace in kors. we think you will get a lot out of it over time, over time. >> over time. >> we have to leave it there, meg. i appreciate you coming on. like mandy said to john, we had breaking news and had to cut it shorter. we'll get you longer time next time. thank you. appreciate it. all right. coming up, three things that you absolutely must know going into the weekend.

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three things to know before we go. jcpenney finishing a weak week. a sell rating on the stock. walmart, one of the best performing stocks this week. upgraded to a buy. thinks they're helped by the woes of other retailers. speaking of retail, look at the rth. the etf of retail. actually up this week. man everybody's negative, negative, negative. put that in the cocktail party and smoke it. >> sears is down over the week and responded to negative reports like that at least one vendor is holding shipments saying they have significant flexible financing to cover it. >> they made a deal.

and the stock soars. normally the buyer goes down. market loved the deal. they did something right. >> i want to make a correction and sears is higher earlier today and slightly lower now. thank you for watching, everybody. >> have a spectacular weekend. "closing bell" is next. ♪ see what we're doing there? "anxiety." i'm kelly evans where anxiety continues to grip investors and an upbeating sounding song. >> spinning a little pat benatar for us. on the midst of a worst week since august and market today is enough to make you sick. i mean, up down, up down. people want the know whether we're in the midst of what will be the big one, the big correction that people are talking about. >> this market having a 5% correction, roughly the middle of .