rising gold prices. back to you. >> we have the markets coming back a little bit. we'll leave you now. thanks for watching. >> yes, "street signs" begins right now. it is tech stocks to the different, but global fears stay on the table. i'm brian sullivan. quite a comeback. the latest on the markets ahead. plus notes from the bargain bins. we look for unloved but good companies. and one of the most successful and interesting investors in the world stops by. the nasdaq trying to help us out. >> sure is. but at the open, a lot of red from overseas bled into our market. the dow done 82 points. it was down 222 at the session lows.

nasdaq has gone positive. we have all of our reporters out there to tell us what is going on temperatu on. mary thompson, michelle caruso-cabrera, jackie deanxious husba deangelis, but let's start with kate wrongers. >> we have a turn around here at the nasdaq. up nearly a third of a percentage point. biggest comeback since october 16. nasdaq composite still the worst performer out of the three major averagers for the month of december so far. am hehe will apple, amazon, microsoft all in the green. other big movers, o'reilly

automotive, western digital up over 3% each. consumer names also seeing gains. staples and green mountain also up. if the nasdaq can finish the day high erk it will avoid its first into day losing streak in more than a month. >> now mary thompson, how are things looking your way? >> a lot better than they were this morning when the fear trade was firmly in place. worst part of the session about 10:30 this morning, dow down 222 points. we continue to see a trend starting with the gains that we're seeing in energy stocks. oil has recovered a bit. one of the weakest performers has been airlines guess spite t despite weaker energy prices. spirit has seen increased

competition. and some competitors are starting to pass along the lower fuel prices to customers. bans also in focus after bank of america warned its sales in trading revenue would be down year over year. and citi taking a $3.5 billion charge in the fourth quarter to cover legal costs and restrunlgtings. telecom stocks in focus, as well. warnings from ver roizon and at. >> as we might be coming back here in the u.s., but just take a quick look around the globe. overnight, shanghai falling the most in five years in heavy volume. in fact record volume. athens falling the most in 27 years. and it doesn't he saend there.

what does it mean for us? michelle she wil michelle, try to pull it all together for us. >> there is financial carnage all over the world today. you mentioned in china, here's what happened. authorities decided they didn't want investors using low quality bonds as collateral for buying stocks and other financial instruments. think of thit like a hike in th market. it fell full 8% from top to bottom. bond market got hammered and also the currency dropped sharply, as well. in athens, another big surprise leaving to the largest one day decline in 27 years. presidential election will be held early and if the current government fails to get their candidate in to power, we could see the radical leftist leader come to power next year. investors think if he wins, greece could leave the euro. even though oil has rebounded

somewhat today, the debt of two oil producers is getting hammered. russia's ten year yield sitting at roughly improved a bet. and venezuelan bonds have collapsed on the day. you want a 21% yield? you can lend to venezuela for 20 years if you dare. back to you. >> it's amazing that we're talking about greece. what year is this some is will this 2009? >> yeah, but i think we should remind everyone right now that it is still possible that the eurozone does not stay in-tagt. the biggest question, do the international markets care anymore. not necessarily. >> good question. thank you very much. let's get a check on oil. head across town to the new york mercantile exchange. jackie. >> good afternoon. well, some of the factors that the other reporters mentioned impacting the action we're

seeing in crude. lots of volatility. we started the session lower, but managed to rebound. wti testing that $64 level. brent crude testing $67. but both really not able to hold on. wti up 40 cents right now and brent up about 23 cents. concerns keeping the gains muted even though traders saying that they were buyers to the up side. you did have a little bit of a weaker dollar impacting the crude trade. but they're looking at will globally saying we really think there is more down side ahead. head of kuwait patretroleum thinking they will stay until opec cuts production. so that puts the focus on the march meeting. but again, muted gains on oil here. we could see more pressure to the done siwn side. if we hit the $60 target, you could he see the $50 oil, but

traders saying don't look at that until the first quarter. back to you. so you heard a lot of stuff right there. let's try to tie this all together and find out what it means to you and your money. for that, we're joined by two smart investor, paul christopher and shri kumar. here is the global setup. china and greece looking bad. biggest drop in 27 years for the athens index. oil is tanking. but the american stock market is still up nicely in the past three months and our all-american survey shows people are the most optimistic they have been in years. how do we square this information? >> we had too much optimism last year at this time. that gradually turned to pessimism and now we have too much pessimism. i'd focus on the last part. the u.s. economy is the most reliable we think heading into the next year and we think further up side to u.s. stocks here, so we would certainly be

buyers. >> i wouldn't agree. i think what we have seen is the fact that the u.s. historically has been a major portion of the world stock market, major portion of the world gdp. that is no longer the case. and especially in the last four to five years, the chinese economy has surpassed in terms of importance and the contribution to global growth. european union is how a bigger economic unit than the united states. and as i said to you and brian a few weeks ago, if the europeans do not do their structural reforms, eurozone will break up within the next couple years. and all of that is not incorporated in to u.s. equity pricing yet because analysts still think of the united states as an island fast it can withstand the rest of the world which i think is no longer the

ca case. >> under that threeory, sri, do that make european stocks the best investment in the world right now? >> europe can continue to boom for a while. and you can still have -- if china goes back to providing stimulus, rather than increase the margin requirements as michelle talked about earlier, the chinese equities can also have a temporary bubble. the question is are investors nimble enough to get out. but if you're talking about the short term, yes, you could have up side on the european equities and chinese equities, but that only means medium term the outlook worsens. >> paul, what do you think lower oil prices mean? because if you look around the world and you look at big economies like brazil, china, japan, south korea, i could keep going, so many of them are major oil importers.

net oil importers. shouldn't this be a good thing for them? >> yes, it is a good thing for them. it's a mistake to align oil prices with emerging markets. that list is a very significant list. i'd throw south africa in there, as well, for a little bit of diversi diver diversificati diversification. i wouldn't worry so much about china. i think you're seeing some balancing going on there between long term reforms and short term stimulus which sometimes investors extrapolate and take a little too far when you have days like today. >> mandy, i would probably take a different opinion. you have gainers and winners on the oil price decline, but when you have a massive 40% decline in prices, which is concentrated

officer just a over just a few months time, it will cause turbulence, problems in the case of borrowers, hedge fund institutions which have led to companies in the tracking sector. and that is why i think we need to look at -- it is not enough to say turkey and india will be beneficiaries and venezuela and russia are losing out. broad based, what does it mean for the global picture and that i don't believe is an underlying positive. and that's why i think people come up and make a mistake. >> it does mean that we'll have hundreds of billions of dollars less in oil money going into stocks around the world. and i'm going to show our viewers a chart, we did it last week. i don't want to beat a dead horse. >> an oldie but a goody. >> you can see on the far right side, oil coming down. look at that, they track equally. oil versus the dow last ten years. step in step. until right now, paul, this makes me nervous. either history will change

itself this time or stocks will follow oil down. one of the two things will happen. >> i don't think stocks will follow oil lower. stocks will benefit from lower oil prices both here and around the world. you mentioned the loss of metro dollar petro dollars. they can be invested, as well. >> if you look at the last 18 months, we have had the oil production in the united states ratcheting up so sharply. so what you said historically was true because u.s. was net oil importer. that is no longer the case. 2009 to 2013, the american petroleum institute estimates that about 0.3 percentage point every year came from investment and production in the energy sector. you're not going to have that for too long. and you have to face that and

the secondary consequences of that. >> spapaul, sri, we have to lea it there. but later we have a great chart show wlag is happening to the gulf exchanges. >> in totally other new, cam newton involved in a serious car stipt today. dominic chew has tu has the det. >> an update. according to the charlotte police department, cam newton was involved earlier today at around 12:30 eastern time in a two vehicle accident just outside bank of america stadium in charlotte. you're seeing photos from that scene earlier today. now, according to the charlotte p.d., both victims of accident were taken including cam newton to a local hospital. the charlotte police department continues to investigate the situation. panthers have said that they won't issue a statement until

the appropriate time arises. but what we did know is that cam newton was involved in an automobile accident, it did occur right near the charlotte bank of america stadium, home for the carolina panthers. he was taken to a hospital with nonlife threatening injuries. so again, more details to come. but for right now, that's the latest from the charlotte police department. back to you. coming up next, we'll get back to the markets and i'm sure that you've heard about the dogs of the dow theory. but have you heard of the sad sacks of the s&p, puts of tmutt market? of course you haven't because we're making it up right now. but it raises an interesting thought on the best opportunities in the s&p 500. >> plus crude prices seem to be finding a more stable footing after sinking quick sand to five year lows. what will prices do at the close. stick with us. take on the challenge of trading options and futures...

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s&p only down 3 points, but earlier on, worse day in nearly a month. but doing better now. so who are the biggest sector standouts in dominic chu has been looking for answer. hopefully you've come not empty handed. >> not empty handed.

we've got a look at some of the best performing sectors. it's a mix between sense difference versus defensive ones. technology has been a real standout so far in 2014. up about 18% just so far year to date as investors start to look at some of the more economic any sensitive stocks. technology a beneficiary there. also on the defensive side, less economically sensitive are you tilt sto utility stocks. a lot was earlier as investors looked to chase yield. and then health care. because of some of the biotech and drug stocks that make up the health care sector overall. it's bup about 26%. so if you look he best performing sectors, it's a mix. but we wanted to take a look at the one that really has been a star performer over the course of the past month. and that has been health care

again. so investors continue to like what is happening with health care. it's up about 5% over that last month. so that shows where you some of the momentum is. people going into the end of the year are putting more money into health care stocks at least for price returns than anywhere else in the market. so health care certainly a sector that a lot of people want to focus on. >> so that's the good news. you've heard the dogs of the dow, buying the worst performers for the next year and the idea that they will turn around? but what about the s&p 500. well, we dug out some of the worst performers in the broader market this year. among the worst names, not the worst, but close to it, transocean offshore, avon, coach, mattel, game stop. the rest are oil. so are this year's so-called mutts of the market next year's money makers? don wardel and patrick kaser joining us now. any of those names stick out to you as being good bargains at these prices? >> absolutely.

we like mattel quite a bit. our process is focused on fundamental research, dividends valuation. and that tell has a very attractive yield north of 4%. valuations very compelling. and we think the fundamentals, the stock is down for good reason, we think the expectations have just gotten too low and it's time to buy mattel for the coming 12 to 18 months. >> and what about you, patrick? any of the particular bargain bin names that take your fancy? >> of those five, we don't own any, but the one that intrigues me the most, and all have some agree of controversy, is game stop. what happens to physical video game disks going forward. if users go to digital, that's a real prorob. problem.

a lot of times controversy creates opportunity. and people assign too high a probability to that negative outcome. >> and if you're really wanting controversy, you can't go too further than general motors. >> in the spirit of the segment, pick something that is down a lot. one of the worst. and gm is one of those. there is a lot of headlines about the recall that you hyou earlier in the year. that hurt the stock. a lot of headlines around just what is going on with used car prices and subprime lending. and so you're left with a very cheap stock. single digit pe, strong balance sheet, good cash flows. looking ahead to next year, investors should be interested in what has not worked in the past, but what will work in the future. gm could be a much better stock going forward than it has been looking backward. >> and it hasn't really been a

mutt, but tyco down 3%. why do you like it it? >> for the fundamental catalyst. it's still taking out costs. they have a tremendous pipeline and deals that we think will get done in the near term. and it's something like 70% of the revenues are tied to nonresidential construction. and we're beginning to see nonresidential trucconstruction begin to recover. so we think tyco is a really great stock to own. >> and then there is energy. some black and blue. i know both of you have an energy related name. patrick, yours is halliburton. >> we think one of the interesting things is the oil services stocks in particular are at levels where they typically bottomed in past downturns.

you're looking at a good management team. market expecting earnings to fall. they will. that's clearly already priced into the stock. so history suggests that if you have a longer term view, ask yourself would i want to own this stock for the next three years. not necessarily the next three months. i can't predict that. but ask yourself again is this a long term company, a good company at a great price. i think halliburton fits the bill there. >> don, any energy oil, whatever, related names that you like? >> absolutely. i've talked about it. it's been a very difficult stock to own. a company called tide water. a little bit on the smaller cap size, around billion and a half in market cap. this is apoffshore supply vessel. they run equipment and crews out to all the oil rigs offshore. oil prices are down, deep water drilling is going through a down cycle right now as we cycle out some of the old equipment and bring in the new. tide water's positioned as strongly as they can be. they have all new equipment, they went through a cap x cycle.

their utilization and day rates will hold up better than most. but the stock is -- the baby is being thrown out with the bath water with this one. stock trading 7 times earnings. we're just very at tracked to this and i agree where your other guess that you have to look forward.tracked to this and i agree where your other guess that you have to look forward. i can't tell what you deep water drilling will do, but the next 12 to 18 month, i'm comfortable that deep water drilling will have a continued up cycle and this company will be very well positioned and the stock is a very attractive at these levels about. >> and we should note both tidewater and halliburton are moving nicely higher in trade today as oil prices are also moving higher. don and patrick, thank you. so with regard to oil, what might the single magic number be for oil, in other words, how low might go before it really sdw become a problem for america some. and self made billionaire lynn tilton is in the house. we'll get her thoughts on

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energy might be the best performing sector today. crude up by just over 1%. however in, overnight trade, gulf countries got whacked. so overnight, you had saudi arabia falling 1.8% about, an abu dhabi dropping 3%. >> and i tell what you else i could short if i could. the yacht building business. all the biggest yachts robert frank is always on in like a speedo with the champagne. >> a lot built by petro dollars.

>> right now crude oil holding above $63 a barrel, but one research report says that if crude drops just another 8 bucks, just 8 bucks, a long way, but it could be time to be a little concerned at least for some companies. joining us now is indicakate ke. is th this is a deutsche bank report. what are they saying, who is in trouble? >> so this is a report, their credit strategy desk just a few days ago. what is interesting, not long ago they were out with a report where they had run a stress test on what would happen to u.s. oil producers. exceptionally they said a wave of defaults. as much of a third of the junk bond issuers which is a lot could be in a default scenario or close to it. now, of course we're in the there yet and they have rerun their stress test and taken a fresh look. they feel like there is another $5 of breathing room, so another say $55 would be the key point

here. but at that point, they say we should really look out and they say the high yield energy sector could be close to crossing the point of no return. and they also looked at past bear market misit o s in oil a w drawdown is often about 50%. they're forecasting if history is any guide, we really could get there. >> i talked to a guy and he said at 60 bucks, we're drilling no new wells. period. but we will keep the wells that are currently running -- from a gay whose family literally makes a bunch of money just drilling wells. 60 buck, held ke they will keep going, but no new wells. >> and i think that is good color from a shale play that could be a real focal point.

a lot of small players that have been really ramping up production in recent years. they will probably try to stick it out for the next quarter or two, but if oil prices don't recover, they could have serious issues on the credit report. one other point, deutsche bank talks about energy assets being in the bear market, but the that can't that the broad market both stock and credit don't seem to care. either the market is too negative on energy or it is not diligent enough in thinking through the broader implications. and my reporting suggests that companies are pretty worried right now. so we'll again see how it plays out. >> we have one of the authors of the deutsche bank report on our show tomorrow. thank you very much, kate kelly. as we've been saying, we're s seeing some stability return to the markets. let's get to jackie. >> not only stability, but a little buying here into the close. in fact on wti and brents, we're

testing here the highs of the day. $64 just under that level on january wti and $66.76 just under $67ed for brent crude. traders are saying while they did see some technical buying today, and certainly they're in this mode of buying on the dip, they think down side pressure exists. so another $8 on wti really not that far away. we could potentially see it by january. as a matter of fact, jim's trade on the down side for crude oil, he has a target of $61.50. 10 on so once we start breaking through the levels, that's when the selling pressure really starts to mount and that's when momentum takes us lower. but again a lot of volatility and traders are expecting that to continue. back to you. well, they have been winners for week. but the airlines stocks are hitting some excuse us major turbulence in the markets.

time to buy or time to fly? >> excuse brian. well, stocks staging a bit of a comeback thanks in part to a big tech turn around. we'll all over the market. nasdaq up by 7 points. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates. makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter.com/offer2.

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we'll blow past street talk. no big stocks out there. for get it. go right to talking numbers. you'd think i'd learn to get it right, but let's take a look at the xal. erin gibbs and mark newton. xal, how does it look? >> the air is thin at current levels. trend has gotten overbought. momentum starting to wain. so i think a pull back is possible. but broader up trend, so in general it look like the bigger trend to get up to 111. weekly dhart shochart shows the. it's been up about 8 fold. the important thing is that this year it got up above $89 which

caused real acceleration. so right now trading about 10% above this will 20 week moving average. so it is pretty stretched. however when you look at the bigger longer term chart, monthly chart, this puts the entire rally into effect. we haven't regained 50% of the entire move. so you could see a pit bit of al back. when you look at the prior highs, a ten year base exceeded. so it's premature to be too skeptical on this move. any dips at this point for me are still a buying opportunity up to 111. >> so looking better longer term. from the fundamental side, erin, how many is due to the downgrade of spirit airlines by raymond james? >> well, spirit isn't even in

this index, so i don't think it's this one. >> but in terms of the sentiment for the airline sector. >> on an average, the u.s. airline industry has about 30% of its operating costs coming from fuel costs. i do like this index. i think it can outperform the market over the next 12 months. looking forward, we're trading at about 10 times forward earnings and there an average of 84% eps growth over the next 12 months. so really good impressive numbers. but when you really delve into it, the one thing i don't like is that it's equal weighted and has a lot of the more volatile european and asian airlines in there. and the real advantages come from the u.s. airline industry. these companies have been doing

particularly well with the additional mergers, consolidati consolidations, route consolidation where there is less competition as well as being really able to take advantage of these lower fuel prices because u.s. airlines don't tend to hedge fuel costs at all about. >> unless you're delta which own as refinery now. >> but alaska airlines, love, that we really like within the index. so i would personally prefer a u.s. airline index over 24 othi one, but i think it's an outperform. >> thank you both for joining us. and you can check out talking numbers with yahoo! finance. we've tried to come back and then we didn't. we're still down about 98 points. we'll be getting more marketing advice coming up. >> and lynn tilton always one with big ideas. one of america's greatest female

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welcome back to street signs. the federal reserve is about to proposal risk based capital surcharges for the most important u.s. bank globally systemically important bank holding companies. eight top tier banks with $50 billion or more in consolidated assets that reserve girif i re identified as jpmorgan, bank of new york, citi, morgan stanley, state street, wells pargo, bank of america. those same officials won't say exactly what each bank will have to pay as far as the surcharge. the surcharge range is from 1% to 4.5% and there are two different formulas for figuring it out. but federal reserve officials made it very clear that total surcharge will be tied to the bank's use of short term wholesale funding. the framework would be phased in beginning in january 2016 and run through january of 2019.

at the top of the hour, there will be an open meeting of the federal reserve to officially unveil this proposed rule. we expect to hear from janet yellen and daniel tarullo, the fed's point man on bank regulation. back to you. >> thank you very much. well, the market's coming back a bit after an opening shock. dow was down 222 at the low, now only down 92. but nonetheless, you get my point. energy and tech doing well. jerry, try to give me a sense of what you think the markets are the most anxious about at the moment. is it oil, is it what is happening offshore, something else some is it just the fact we've been at historic highs? >> the surprise has been how well the u.s. economy has be saved particularly with all the angst middle of the year.

so to see us adding 300 plus jobs right as we start off 2015 is very exciting and it says a lot about earnings power going into next year. that's the good news. the bad news is you won't see that kind of growth side by side with a shock like we're having in the commodity market in particular oil. so the extent to which global investors are scratching their head right now, i think it's relatively fair to ask that question. does the growth in the u.s. lead the world economy or is it the outlier. and i think those are the two back and forth questions you have and probably why weak news in china hits that market very hard and yet at the same time, strength here supports us. >> a guy named nik wallenda just walked between two buildings in your city. and some people probably watched thinking maybe he will take a tumble. unfortunately, that does happen. it's kind of the same way with the stock market.

lest i remind our international and universal audience that the dow is up 4% in three months, one of the best runs for the stock market in a short time in u.s. history. and now we waiver 1% and everybody is looking at that wire, aren't they. >> but put it in -- the stock market is broadly priced at a very reason able level when you consider that low inflation generally ties you to 20 times earnings or better.able level w consider that low inflation generally ties you to 20 times earnings or better. we're still at 16 to 17 times. we haven't seen the growth yet that is likely to come in discretionary spending. and your guy's survey suggests that we'll see a much better christmas than people think. so think of a behind the pipe so to speak surge in discretionary or consumer related earnings. and that is yet to hit the overall market. also consider some of the broader the impacts globally.

and i think the glass is still more than half full here. and i don't think these setbacks that you see periodically should have that beg of an impact. >> when you say the glass is half full, i like to hear that going into next year. >> especially if it's wine. >> especially if it's wine. very quickly emptied. but going into next year, you say things are maybe more good than bad. let's oversimplify it. what kind of year will we have next year, what kind gains? >> well, let me just set aside the discussion about oil. because that will have an impact. we'll have to resolve the $60, $70 oil price either in terms of geopolitical event and its impact on the globe or in a more positive way which is the likely outcome of an opec cord that pushes prices back over # $0. in that case, the likely outcome for the global economy is 4 plus percent growth. stocks in the u.s. will be the lead again and look for double

digit gains in the u.s. stock market driven by surprisingly good u.s. economic activity. follow that with global activity. everything is good this will ti time of year, but this is a great period because there is a lot of people wondering what boogeyman might lurk in january. >> and he might come out of an oil drill. thank you. got to get in with breaking news. mark cuban speaking on a passenger of former s.e.c. chair men christopher cox. now, mark cuban is not one to mince words. here is what cuban said moments ago about the s.e.c. and its current chair mary shapiro. >> it's just arrogance. mary shapiro didn't give a [ bleep ]. it's not like she's saying here we go, here is the strategy, here's the steps we're taking to make the markets more efficient,

capital formation better, more trust in the markets. there is none of that. >> there you go. strong words from mark cuban. i don't know what they were because they were bleeped out, but we get the idea. melissa lee will have a live interview with mark coming up and she will ask him i'm told what was under the bleep. >> maybe she'll even have her own little bleep machine so he can do it live for us. >> maybe she'll need to be neve a big economic rebound under way this cleveland. what is really giving cleveland the boost sf. >> and one of america's greatest business people will join us, lynn tilton will tell was she thinks we need to do to get the whole country rocking.

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recession. some areas are clawing back. it's also about lebron james and technology. scott cohn is live in cleveland, ohio. hi, scott. >> reporter: hi, mandy. it's a rust belt rebound. this is anything but rusty. this is the global center for health innovation in downtown cleveland and where the burgeoning health care industry is coming together. some 700 companies now just in northeast ohio and old businesses are retooling, as well. like smart shape, a design firm that started in 1980s making household products out of rubber and things like that. well now, they're doing high-tech work. more than half of the business in health care like a tool to inject a wire into a bone for ort media surgery and the ceo says the transition is just about seamless. >> we were very fortunate that this has stepped in in cleveland. that's unique. other city that is have lost some of their heavy

manufacturing, they didn't have the cleveland clinic and this kind of great replacement. >> reporter: here's the issue, though. you talk about health care recorm no matter where you come down on it and supposed to be about bending the cost curve and the industry is doing that. look at job growth in the industry from 2000 to 2012, ohio adding about 14,000 jobs a year. last year added just about 10,000 and this year looks to be 8,000 an the question is whether they continue this sort of rust belt rebound that we'll be looking at from here all week. guys? >> all right. scott, take care, buddy. see you soon. next, the one and only lynn tillton is joining us live. stay with us. [woman] can it make a dentist appointment when my teeth are ready?

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let's welcome in pay tri i can't recollect partners lynn tilton. we were talking ant cleveland. this is what you do, you take companies and you breathe new life into them, the companies that were once left for dead. >> that's sort of my story. >> yeah. >> it's how you take humanity with you. and for me, it's about keeping people working in america and over the last 14 years 240 companies, 700,000 jobs and so that's really what i'm proud of. >> so what are you doing now and

seeing the opportunities to breathe new life? >> well, you know, mostly i'm taking old industries, aerospace, automotive, you know, building, manufacturing and what i'm doing is i'm trying to be disruptive and create new products that bring design, beauty and disruption, innovation and excitement into products to keep these companies moving forward and keeping people working in america. >> sadly, it feels like we're kind of turning into a country of no. like not just politically but you can't do that and you shouldn't do that and everyone is critical. when someone says, lynn, you can't do that, what do you do? >> i nevada reacted well to that. >> i'm not saying that now. i just want to be clear. >> it's easier to buy it overseas and sell it for more. i think things end badly for all of us if we become a tale of two cities, the haves and have nots and more people working and

taking care of their families, the more this country's united as one. >> you are the ultimate entrepreneur, right? why do you think the state of entrepreneurship is in america and what are the main obstacles? >> i think people want to own a business. most of employment, 110 million of our employees are in small and mid-sized companies. so most people are employed by smes and i think people are coming but access to capital is always the issue for opening a business and we know that it's more difficult even for women than men to have that access to capital. you can get small loans maybe -- >> why? why is it more difficult for women than men? is that really true or just like a catch cry? i know it's true in developing countries but here? >> i mean, the statistics show it is and i think people worry women stay in the game. are they strong enough, tough enough to fight through the ugliness and the battles? and are they going to leave to have children or are they going to stay through it? i think you see that two to one

men raise capital more than women do. the stats say it. the data doesn't lie. >> well, you have busted that myth. thank you so much for joining us. >> my pleasure. >> great to see you. >> come back. >> keep on doing what you do. >> you come back, too, america. thank you for watching. >> "closing bell" is next. don't go away. welcome to "the closing bell." i'm scott in for bill. >> i'm michelle. kelly and bill will be back tomorrow. and this is a market that was down as much as 223 points today on a whole host of issues ranging from global economic concerns, fed hike worries and the oil shock, of course. >> pretty good turnaround, as well, early in the afternoon. this happened the market coming well off the lows and right now they still sit there. dow right now down 75 points. s&p as you can see down .25%. nasdaq i