>> no, it's probably not over but we could be very close. very close to a very nice bouncer. >> and for the long-term investor maybe close counts like in horse shoes and something. everybody thank you. i'm out of words. scott thank you so much as well all this afternoon for this special coverage here. that does it for us on closing bell and guess what -- >> fast money starts now? >> yes it does. >> welcome to "fast money" we're live from the nasdaq market site. the dow suffering it's worst intraday point drop of the year before fighting back in the last hour of trading. fierce over ebola the drop in oil and global slow down all weighing on stocks today but they're also coming back at the end of the trading day. we also have shares of netflix sinking in the after hour sessions. short analyst expectations more on that story coming up. many stocks making reverses

today. is that a good sign or bad sign? >> it's a good sign in the short-term. i thought it would get to 103 and it got to 10350. it could have a couple more day of relative strength and we'll see what happens. the low today in the s&p is effectively on april 11th and bounced. so that's a good sign. >> or maybe the out performers indicate that it was into the new caps as well as the mega kaps. >> i think it's more of a technical move. after hours we have some really poor data on walmart midday, netflix, ebay, american express. i don't think it's over here at all and if you look at what the rally happened it happened because they were confident there's going to be 3% growth.

this is the federal reserve that has been wrong for five years on growth. all of a sudden now the market believes she's confident. >> and it's in line with what has been said before. >> other people have been saying it mean ace lot of the earnings power is not all that impressive. in fact it's all official earnings. that's one of the things retail sales didn't do anything for you today. people expecting the central banks to do something and the point is i'm not sure what they can do. right now ecb is getting into a case where public policy -- it was a remarkable day. record trading in term of future volume. move at a time when a lot of people thought we were at the bottom, kudos to guy adami that should be taking a victory lap on that. >> when you take a look at microsoft it was down 3 b% afte

lows of the session finished down 3 october or so. they got slaughtered and then reversed. >> i do agree. i think it has moved over to large caps and there's been trouble brewing there for a long time. we don't have the revenue growth that you would expect. what i'm focused on is we get in the heart of q-3 earnings season and hei have to tell you we tald about the banks the earnings looked okay for the most part they didn't act well and big cap tech. google. this is going to be a big one. to see how investors perceive the news and if they're willing to buy back in. >> i hear you but how about bank of america? the banks got slaughtered. good numbers from jp morgan. all in good but also bank of america today. they gave you everything you need to know that they're going

to hit their 150, 2015 guidance. that's what people wanted to hear and yet they destroyed it. i'm not sure that the banks and a lot of companies are going to rise up from out at the tape on all of this. >> we had good news from these companies. they performed terribly. good news last night and it didn't do well today. if i'm an investor that no matter what news i hear out of earnings season it's not going to be received that well. >> you can pick up your advisor and say why are interest rates going down. >> or go to fast money. >> but you can ask questions and if they can't give you a proper response say why are you selling fear -- it's not about fear. you've had a market that's gone from 670 to 6,000. nothing wrong with saying what's

going on in the world right now. you think this ebola stuff is positive and the headlines are going to get better they're not. i'm not saying that to be a jerk but that's reality. >> it is an economy situation where you have the airlines having a major problem and if we just look at what the coal did to the economy last wint for the people start to pull back and we saw even on retail sales which was really preall of this ebola stuff. retail sales weren't that great today and if you add in the apple iphone sales they were terrible. i think you need to take into context there's a fundamental change that's happened. tim hit on it which is the central banks are no longer there with support and they can't be. >> they're operating with a couple of cools. $5 billion a month. what do you think that's going to do to volatility. that's something to keep an eye on as we get to october 29th. people are freaking out like we're down 20% when we were down 7% coming into today. here's the thing people, we have not witnessed other than 2008 a

down year in the last ten years people don't know what that feels like. it's been a gravy train for the last five years. it hasn't been easy. the last two years have been but the last ten in general. >> you're saying we're due for it. >> could be. >> well guy talked about what people should be doing when they talk to their advisors. a month ago everyone was waiting for a 10% correction and said line me up. i have a whole stock list i want to buy. what changed in the last month. >> the economic data severely deteriorated. you also had the realization that they're not going to be able to do it. the oil going lower is a double edged sword. there will be a time to buy this market. bare market rallies can be better than bull market rallies. >> netflix is plunging after

it's record. new subscriber adds are weaker than expected. joining us is the senior analyst. great to have you with us. you had an underperformed rating on netflix for a long time. we're seeing this massive decline at this point. has your call finally looked like it's hitting it's stride. >> i think you can call me a blind squirrel and i found a nut. yes but who knows if this will last. >> so walk me through the netflix quarter because it looked like on every single metric whether domestic, it's content lieblt content liabilities, the forecasts were just disappointing. >> the stock really has traded on domestic subscriber editions and the bulls believed netflix was headed to 100 or 120 million subscribers which means 60 or so in the u.s. so slowing domestic subscriber additions is a problem. they were lower than the number last year.

they were a million versus 1.3 million a year ago and below guidance and going forward it's also below last year's level. so the domestic sub numbers is guided to 480,000 below last year and well belocon census. so slowing domestic subscriber growth is the profiting stuff. it's clearer that it adds a lot of revenue and profit. the international subs not so much. they have been clear forever about this. they incur incremental marketing cost and con sent cost every time they open in a new country. we're okay with that but even those numbers were some what disappointing. international below guidance, international forecast is above last year but i think well below guidance and i think really the most material thing is that they guided down sequentially for earnings by a lot. if you look at page 7 the letter there's a brilliant chart that shows the disparity between net

income and free flash flow and it is giant. it comes out to $4.40 a share that must run through the income statement some day and hasn't. so future earnings power, $4.40 lower than people think. that's why the stock is getting hammered. >> michael we're going to leave it there. thank you. >> all right. who is going to look into the face of fear and buy netflix? >> i think you can actually. >> it's crazy. >> you can. >> wow. >> beakers has been in that camp and so has tim. they have done everything right and taken one misstep so i have been wrong but the main low is where we're trading around now so you can hold that tomorrow this could be a huge opportunity for a trade inbounds. >> i don't think you touch it and i'll tell you why, the news out of time warner about spinning out hbo as a stand alone streaming service when you put that together with what

apple is likely to do with their 800 million itunes accounts in the future. >> but the shows on hbo aren't on netflix. i'm not going to get my homeland on netflix. >> if hbo pulled all of their old sopranos and netflix was left with their two original pieces of content hbo will cream they. they have the ability to get all the crap that netflix streams that no one pays for and i'll tell you this if there's two shows that netflix gives you in a weekend you'll pay $9 for that month and you'll watch them for the weekend and you'll leave. >> if we're talking about competition which we have been talking about for a long time, its going to come internationally. there's going to be hbo internationally but to say that netflix who has been having a great relationship with hbo to this point because in fact they were providing some of that great content, netflix is a broader offering and better for the family. hbo is the best mature content out there. that's a specified audience but

to think this doesn't speak about broader competition. 135 times valuation before today. this is a stock you do not need. >> as a trade though. >> no. >> what michael said about the free cash flow being negative, the cash flow being negative. that's a huge point. when this goes in reverse netflix is in huge trouble. >> news of another ebola patient in texas shaking the stocks today. the latest details next plus airlines back in the red today. why do so many analysts still have buy ratings on the stocks. plus should the feds step in after today's sell off? we have someone that says it's on the table again but will it make a difference? take a look at the sea of red today. fast will be right back.

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news over ebola shaking stocks today. now a second nurse treating thomas duncan tested positive for the deadly virus. president obama is expected to

speak on obama in a few minutes. we'll go to that when we have it. in the meantime megajoins us now. >> that's right. we are waiting to hear from obama after his meeting with advisors on ebola today but the white house did acknowledge there's been short comings in response to ebola. what we know about the second health care worker to contract ebola in dallas her name was amber vincent. she was involved in his care and she and nina the other nurse were extensively involved and had extensive contact before he was diagnosed and while he was in treatment about 50 health care workers entered his room and it's possible we'll see other cases among health care workers still emerging in the coming days. three contacts are being monitored and we know that she took a flight earlier this week from cleveland to dallas and that 132 travellers on that

flight are being asked to contact the cdc. they're emphasizing they're at low risk because she did not exhibit symptoms while on that flight but still being careful and asking all the 132 people to call in. we know that she is currently ill but clinically stable and she will be transferred from dallas to emory where they treated a number of other ebola patients. we talked a lot about drug development with you guys. there's going to be a hearing in washington and we'll hear from a lot of folks and people from barta and the fda. we may see an increase in funding. that has a read through to all drug stocks but could we see funding or increased pressure to start developing drugs or increase the speed with which we're developing and funding drugs and vaccines for ebola. >> those fears hitting the airlines stocks as the second health care worker flew on that

commercial flight on monday night. our airline analyst, great to have you with us. >> thanks. >> it's interesting pause early on when we were hearing about ebola in the united states it was so hard to catch on an airline so the rational take on it is that it shouldn't impact the airlines on the fundamental basis but fear is irrational so we're seeing this decline overall. what's your take on whether or not this will actually impact bookings? >> so that's a great question and that's you know what we have asked the airlines all week if any of them had seen a decline in bookings or cancellations and as of 4:30 this afternoon none of the airlines i talked to monday, tuesday, or wednesday of this week had seen any signs of declines in bookings and, in fact, month to date most of the airlines are reporting 80 to 85% load factors so it seems as though people aren't spooked yet but it's something that we're very concerned about and wonder, you know as everybody is reporting earnings beginning

tomorrow and through next thursday we'll have a really good chance to see over the next week how that's affecting bookings actually. >> certainly airlines have outbreaks of other diseases. how did airlines typically trade and trade in the aftermath? i would imagine that's a pretty descent buying opportunity. >> interestingly enough we went back and looked at the asian airlines, china eastern, china southern, singapore, cafe from '01 to '04 and they performed -- of course you had september 11th of '01 they all performed poorly after that and then middle or middle of 2002 they started to move higher and then 2003 they all crashed. they lost about 40% of their value at the bottom and they started to recover and no pun intended but they soared. double, tripped and quadrupled off the bottom and traded

sideways. the xal traded side ways for most of that time. remember united filed for bankruptcy in december of '02. >> there's distortion. >> delta and northwest in september of '05. >> so what's the bottom line? at this point you're seeing decliechbs the airlines is it too early to buy? given what you said in terms of no changes in bookings so far. >> so far. and b people will get tired of watching the terrible horrible news and eventually travel, especially for the holidays. everybody loves to go home at christmas. you know, our comment is you have to pick your point. we definitely think the airlines are going to have huge free cash flow over the next six or eight months because jet fuel costs are down 20% from where they have been. jet fuel at 250 a gallon. that's a level we haven't seen since 2010. so to the extent revenues are even flat you're talking about huge margin improvement and

they'll use free cash flow to pay down debt, buy back stock and increase dividends and we're at a point in time where we haven't had balance sheet destruction. we've had balance sheet repair. >> thank you. >> thanks for having me. >> so -- >> one third of their operating cost is jet fuel. 15% on jet fuel should more than compensate the worst fears priced in and these are much better on companies. they're companies that in 2003 crashed in because they were totally inefficient cost structure. you have third quarter numbers coming through southwest united. >> i don't think you do it yet because i'll tell you the fear of the unknown is a pretty powerful thing. when you look at united airlines it's had five 10% moves. that's massive volatility. looking out to november i think this is one as a trader i think ual probably sees 35 in the next couple of days but you don't

have to buy them until they're washed out. >> i don't know if they're going to be washed out. these airlines aren't down because of ebola. they're down because of global growth scares. the sell off started in september. the reason why oil is down is because of a global growth scare. so i do think could you get a pop? if you get some kind of positive news on ebola? but the airlines from now on sell. >> i think the headlines will get worse before they get better. it's a matter of time before you see people in planes with masks. >> with the dow suffering it's worst intraday drop over 30 years how do you know which are trading at what levels? the best trades to get in or out. here's a look as we head to break. stay tuned. >> from record breaking highs to major market melt downs, every night the fast money team makes sense of the trades. serving up in depth analysis and

actionable advice. >> a lot of people keep saying is it time to buy? i don't see a reason yet. >> all to help you prepare for the next trading day. >> these stocks have obviously been absolutely annihilated. >> this is fast money. >> i like the stock right here. >> have a markets question, tweet us at cnbc fast money. go ahead and put your bag right here. have a nice flight! 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

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welcome back. on the back of the very disappointing netflixs earnings release we are seeing a downdraft across the board when it comes to the after hours trade. look at twitter. that's down. during the session it was holding up pretty well but we're seeing this impact all across here. are there any ones to buy -- netflix has nothing to do with -- >> to be trading google on netflix is -- >> ridiculous. >> on whether people think they can grow 25% out of 25 times multiple is better. people said they wanted to own

google badly a month ago. it may be time to be sniffing away at that one. >> those aren't down on netflix. those are down because of american express and -- >> overall sentiment. >> exactly. >> renewed economic fears raising the question of whether the fed needs to step in with quantitative easing. axle great to see you. >> great to be with you. >> you say qe-4 may be on the table by summer of next year. >> well not any time soon. let's put that out first. janet yellen is very aloof to the market. overtimes learns that the markets are relevant and we based economic recovery based on easy money and as appreciation now we see that in reverse. as soon as the fed says we're going to have an exit risky assets are risky again and the repricing on assets will be severe economic headlines and

janet yellen is going to think maybe have to worry about more than unemployment so next summer maybe we'll certainly not see an increase in rates as soon as possible but they'll be scrambling to inject money into this economy. not that it will help but they'll try to do that. >> it's brian kelly. that's the question i was going try to ask you. we are looking at some of the easiest conditions we have seen even prior to the 2008 crisis and even prior to qe-1, qe-3, or even after. if they do qe-4 is it going to work? >> no just as it doesn't work in europe but what central bank versus achieved is junk bonds aren't at risk anymore. the stock market didn't appear risky and now as we have this so-called exit if the glass is half empty for whatever reason people are running for the hills because they thought the stock market was safe. so the fed will scramble to see if they can convince the markets again. but don't worry all of this risky stuff is really safe.

of course it isn't. they'll be fighting an uphill battle but that's the fight that the fed is choosing to fight. i think that will end badly. the good news is at least there's some ways to diverse identify because the one thing it does mean is on a real basis interest rates won't be high anymore soon. it's one of the reasons we like gold. gold is quite well. it shows the diverse fireworks kags power and if the fed can't raise rates it doesn't matter if they can't find it or not. over the next decade i don't think we can afford positive. we couldn't afford them and the europeans couldn't afford them either. >> to be fair you probably said that when tenure yields were 4.5%. i think rates are going lower because global inflation has been there the whole type. is that a possibility? >> take the warren buffet approach with regard to tech stocks in the 90s. he did just fine at the end of

it. similarly i don't need to buy bonds. i don't like them. i'd rather buy gold and rather diverse identify. the one thing people should be worried about, how do they diversify this environment. i mention gold. we also like kucurrencies when u can try to engineer portfolios but there's very few places to hide out there. >> axle thank you for your analysis. >> my pleasure. >> how do we trade this? >> you get to a place where you have to question maybe the u.s. isn't going to grow at 4% like in the last quarter but to say it's going to grow below 3% is crazy. so at least again the data to this point does not support sub 3% growth. it's deteriorated but to say that suddenly the trajectory that the u.s. economy is on has changed dramatically and that the fed needs to dramatically change their course, they will be job owning the market because they have done that from crisis

time. >> it's about to get cold again. remember what happened in q-1. i understand what you're saying but we have an economy that's very fragile. we had a negative 2% print in q-1 because of weather. to say that we're going to grow at 3%. i think if europe is, you know on recession nary ground. >> i'm not going to say it works. >> i don't care if it works or doesn't work. let's sea qe-4 does happen? what happens to the market? panic. >> if they do qe-4 they're going to buy rates and not bonds again. >> still ahead with the dow dropping 460 points at 1 point today are they pointing to an even figure. as we head to break here's a look at how the volatility index finished for the day after soaring 40% mid morning. in a w. it's in this spirit that ing u.s. is becoming a new kind of company.

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starts at $89.95 a month. comcast business. built for business. welcome back to fast money. i'm josh lipton on the ebacon frens ca -- ebay conference call paypal and revenue jumped 20% and

marketplaces revenue was up 6%. slower traffic growth and the cyberattack earlier in the year. executives saying it's going to take longer and cost more to recover from the cyberattack. ebay cutting it's full year revenue guidance in reaction. back to you. >> thank you josh lipton. all three major averages in the red for 2014 after today's violent swings. making some very interesting comments earlier today on how to play this market. >> i believe there's so much negativity in the world and positions are being unwound. for those investors who can live with the volatility it's a great time to get back into the market. >> so fink says right now is a great time to get back in the market. what about the specific stocks and what level? because you have to be a stackty cal trade-- to be a tact tactic

trader. >> this is the place where you pick up the eem around 38 and talk about having a good stomach it may not be a smooth ride but that's been value point and on a relative value to the s&p it works. >> what do you buy? >> you'll be surprised but if you saw apple round trip the move it had from the spring, back to 75ish that's where it broke out that was better than expected. that was on my list. shedding $100 billion in market cap. this company has $160 billion in cash on the balance sheet. a lot of product cycles working and expansion opportunities in china. i don't like it here and tomorrow's event is going to be a sale. if you can get it down 20% that's where you do it. >> beakers. >> shocking to think the guy that owns a gold mine actually thinks gold is going higher. that's #sarcasm but i would say

take a look at barracuda. that's held very good and if i got a shot to buy barracuda i would take it. >> amazon reports october 23rd. i have been in this going down to 285 camp. this is going to be close your eyes and be careful. you buy it if it gets there. there's a shot you have this on the back of earnings. amazon on 285 and post market it's pretty close. >> now for the other side of the tactical trade but what to sell at what levels. >> this is perfect. almost a game of price is right. sell amazon at 330. >> wow. >> which is the level it's been running into and failing every time let alone in this environment. what's going to fail the most in a market like this when people are worried about growth and earnings engineered? it's going to be multiples like a 780 current multiple. that's a problem and a stock that can't endure this. >> yeah, it has shown a lot of volatility of late.

today that stock went down at one point. if you see this thing back above maybe $86 i would take profits in it and look for an entry back toward 70. >> sell what? >> this one i picked before the netflix earnings so netflix at 480. the reason was with this hbo news it's a game changer. >> facebook on october 28th. i think you buy here. i think you sell it at 85 which might be ridiculous given where it is right now. facebook is going to have a great quarter. they had great quarters of stock action it hasn't been fantastic. it's been dragged down by the other names in the space. >> time now for pops and drops. the big movers of the day. big drop down 30%. >> that's why the word risk is there. this is what happens when deals go bad. i think you can buy this stock

again for the bounce. >> got a pop for twitter up 3%. >> one of the only names out there that was green today. i still don't think you buy it here. i'm with dan nathan where this is unique property. it has a month -- monopoly type of business. >> this was down 35% of the year. they signed a deal with united to put their inflight wire lesser vis on up to 200 jets. no financials attached to this. if you see guys sign up big carriers like this, this is probably a buy. >> go pro moved 3%. >> a game we have been talking about and i have been out spoken about. it was down 93. closed at 72, down 3%. but if you think this stock with the media horizon that people are wishing on is something that can hold up in a bad tape you're wrong. >> still ahead, oil hitting a two year low as prices keep plummeting. what are the risks?

we'll look at that next. another look at the dow heat map here. we're just getting word that president obama has just spoken about the ebola crisis so we want to listen in to that tape. all right obviously we're getting problem with the tape play back but he spoke moments ago about the ebola crisis. they talked about the lack of the need to have an ebola czar. there's a lot of things going on with the fear spreading. >> one the ebola czar i don't think is going to do anything and we talked a little bit in the commercial about that is the job of the head of the cdc. he is the ebola czar. so in this case you need to have a little more knowledge of what happened in texas because clearly something went wrong there unless this strain has changed but you have to find out what happened there. >> i think, i hope, and i spray what we're going to find out with ebola is the bigger impact

is going to be on sentiment toward washington and how they handled this than the people inflicted. this is terrible news but everything we have been told is this is something we're able to deal with over here but it seems washington has a lot of issues with this. >> let's check in with john harang ge harwood. has this changed the tenor of the midterm election with the stock market so volatile and this ebola crisis. >> a president with low approval ratings. he's just at 42%. his party has big problems in trying to hold on to the senate and by adding a measure of anxiety to the american public and making them feel as if the administration is not on top with the fight on isis and this trying to prevent an outbreak in the united states it doesn't help democratic candidates or the president in assessments of

his confidence and what the president is trying to do today by cancelling the political trip and coming back to the white house and meeting with his top advisors on this is to convey a sense that we're on top of this and coming up with different solutions. i just saw a couple of wire flashes from the piece of tape we're trying to get played right now is that the president is trying to send s.w.a.t. teams within 24 hours to the site of any potential new case of ebola to make sure that protocols are followed. they work if they are followed but that was not done in this case and the other case of the nurse that contracted ebola she is said to be in good condition. so the administration is trying to calm the american people and preve preve prevent a mushrooming of this anxiety. >> calm the american people but if you took a look at the conference call that the cdc held there's disbelief of how this person this caregiver could

actually be allowed to fly on public transportation and the fact that it doesn't dawn on anybody that that was a bad idea. is there any pressure from the administration on the cdc to maybe shuffle ranks or appoint somebody specifically. i thought the obama czar was named dr. thomas freidan but apparently it's not. >> he's the head of the cdc and he retains confidence in him and i think the fact that some breaches of protocol occurred that this person did travel although she was not symptomatic when she travelled and if you're not symptomatic you should not be contagious all of those thing are things we'll be testing to see whether or not in fact she did pass the disease on to anybody else. i think their assumption right now is that they're not although they're running down people on the flights and decontaminating the aircraft itself.

>> all right. thanks for that. we're getting the tape right now. so again president obama speaking about the ebola crisis just moments ago from the white house. certainly this is something that's going to be widely watched. let's take a listen here. >> the diagnosis of the second health care worker in dallas with ebola and in light of this second case i thought it was very important for me to bring together our team including our cdc director to hear directly from them in terms of how we are ramping up our efforts here. obviously initially we want to express concern for the two health workers that have been effected. our nurses and health care workers are vital to the health and wellbeing of our families. they sacrifice for us all the time not just in this case but in the case of other illnesses

that affect us. they are selfless. they work hard. they're often underpaid and so our thoughts and prayers are with them. and we have to make sure that we are doing everything we can to take care of them even as they take care of us. as a consequence what we have been doing here today is reviewing exactly what we know about what has happened in dallas and how we're going to make sure that something like this is not repeated and that we are monitoring, supervising, overseaing in a much more aggressive way exactly what's taking place in dallas initially and making sure that the lessons learned are then transmitted to hospitals and clinics all across the country. first of all what i directed the cdc to do is that as soon as somebody is diagnosed with ebola we want a rapid response team to

be on the ground as quickly as possible, hopefully within 24 hours so that they are taking the local hospital step by step through exactly what needs to be done and making sure that all the protocols are properly observed. that the use of protective equipment is done effectively that the disposal of that protective equipment is done properly. that the key thing to understand about this disease is that these protocols work. we know that because they have been used for decades now in ebola cases around the world, including the cases that were treated in emory and in nebraska. so if they're done properly, they work. but we have to make sure that understandably certain local hospitals that may not have that

experience are walked through that process as carefully as possible and we're going to make sure this rapid response team can do that. in addition we're reviewing every stop of what happened since mr. duncan was initially brought into the hospital in dallas so that we understand where some of the problems may have occurred. and a can vance of inventory and contact with mr. duncan engaged in some of the testing that took place. we are now communicating all of these to first responders around the country and obviously given all the attention this has received we're going to make sure that the provision of information is constant, on going, and being updated on a real time basis. in addition we're working very

carefully with the mayor of dallas and texas and others to make sure that in the event any other cases arise from these health workers that they are properly cared for in a way that is consistent with public safety. i know that people are concerned about the fact that the second health care worker had trav travelled. here's what we know about ebola. it is not like the flu. it is not airborne. the only way a person can contract ebola is by coming into direct contact with the bodily fluids of somebody who is showing symptoms in other words if they don't have symptoms they're not contagious. what we're able to do is contact tracing so that anybody that may have had contact with someone even if they weren't showing

symptoms being able to identify who those individuals are monitored in a way that makes us sure that the disease done spread further. that's monitored by the rest of our teams. i want to use myself as an example so people have a sense of the science here. i shook hands, hugged, and kissed not the doctors but a couple of the nurses at emory because of the valiant work that they did in treating one of the patients. they followed the protocols. they knew what they were doing and i felt perfectly safe doing so. so this is not a situation in

which like a flu, the risks of a rapid spread of the disease are imminent. if we do these protocols properly. if we follow the steps, if we get the information out, then the likelihood of widespread ebola outbreaks in this country are very, very low. but, i think what we have all learned over the last several weeks is that folks here in this country in a lot of nonspecialized hospitals and clinics don't have that much experience dealing with these issues so we're going to have to push out this information as aggressively as possible and that's the instructions that i provided to my team. just a couple of other points. you know we are going to be monitoring carefully the health status of the other health care workers in dallas and obviously

they're concerned. we understand that many of them are scared and we're going to make sure that we're on the ground 24/7 to provide them the kind of support, information and assurances that they need to get through this particular challenge. and finally we're also going to be continuing to examine our screening processes at airports. we're making sure that in the event that we have additional cases that involve the need for transporting those patients to specialized hospitals that those teams are in place and those facilities are in place and you know we will make sure that on a day-to-day basis we provide the public with all the information they need and any updates about what has happened not just in dallas but what is being done across the country. i'll end with this point, we are going to have to make sure that

we do not lose sight of the importance of the international response to what is taking place. i am absolutely confident that we can prevent a serious outbreak of the disease here in the united states. but it becomes more difficult to do so if this epidemic of ebola rages out of control in west africa. if it does then it will spread globally in an age of frequent travel and the kind of constant interactions that people have across boarders so it's very important for us to understand that the investment we make in helping liberia, sierra leone

and guinea is an investment. it's also probably the single most important thing that we can do to prevent a more serious ebola outbreak in this country is making sure that we get what is a raging epidemic right now to west africa under control. so for that reason, last night i had a call with prime minister abe of japan to elicit greater support for the international effort. this morning i spoke with chancellor merkel of germany and prime minister of italy and the president of france as well as david cameron, the prime minister of great britain to make sure that we are coordinating our efforts and that we are putting in a lot more resources than so far the international community put into this process. bottom line in terms of the public i want people to

understand that the dangers of you contracting ebola, the dangers of a serious outbreak are extraordinarily low. but we are taking this very seriously and at the highest levels of government and we're going to be able to manage this particular situation but we have to look toward the future and responding internationally if we do not set up the kind of preparedness and training and not just for this outbreak but future outbreaks then we could have problems. so in the meantime i want everybody to be thinking about and praying for the two health workers that have gotten sick. those who also treated this patient with compassion and care, we just want to say thank you to them and we are going to

do everything we can to make sure they are properly cared for. >> that was president obama speaking on ebola. let's get back to john in d.c. did the president do what he needed to do with this address. >> well, we'll see over the next few days but there's three key points out of the president's address. reassuring the american people that the chances of a widespread outbreak in the united states remained low. second, by saying that the way to do that is to ensure that protocols which he repeated they work, that they are followed. so you have many local hospitals around the country that may not have the expertise cdc will help them with that and finally the international community needs to mobilize more. he's been talking with leaders in europe and japan and elsewhere to try to mobilize a greater international response. it needs to be contained in west africa to prevent it from mushrooming all around the globe and overwhelming even the defenses we have in the united states. >> john, thank you for that.

netflix is continuing it's decline in the after hours session. we come right back. stay tuned. when change is in the air you see things in a whole new way. >> options action are sponsored by think or swim by t.d t.d. ameritrade.

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take a last check here on netflix. after hour session lows is down 26% on the back of disappointing earnings for the past quarter but disappointing guidance for the quarter we are in. nobody wants to buy here. >> puts pressure on their international growth too which is still suspect and very expensive. >> i think it has the potential to be a seminole moment in this market sell off right here. this was a poster child for the last leg of the market here. it's getting slayed here. 300 is a massive level. it has to hold. >> making the point it's not necessarily netflix but a measure of the sentiment going into tomorrow's session. >> we had american express come out with earnings. revenues were light. of course walmart at the end of the day. it doesn't need to be about the internet space. earns aren't as great as everybody expected and probably the economy isn't as strong as

everybody expected. >> i think dan makes a cogent argument for the seminole moment thing. >> good use. >> good use of cogent. >> can you tell me what both of those words mean. >> where did you go? syracuse right? >> anyway. >> it's a trading show so you have to look at opportunity. >> a programming note, exclusive interview with netflix's ceo reed hastings is tomorrow on cnbc. >> subliminal might have popped up on your screen. they were descent and do have earnings power and this is a big pull back to buy. >> intel they bought a ton of stock here. you sell it and take profits on long put. >> people are going to think bk is a little kay si today but i think you buy them tomorrow. tlt. >> i still think rates are headed lower and netflix against that late in april traded down to 3: -- 315 or so.

but for a trade netflix right here. >> i'm melissa lee. see you back here tomorrow at 5:00. more fast money. meantime mad money with jim cramer starts right now. my mission is simple. to make you money. i'm here it on level the playing field for all investors. well's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends and i'm just trying to make sense of the darn thing. my job not just to entertain, teach. call me at 800-743-cnbc or weet me @jim cramer. how are you able to mount a ll