levels at 2-year highs for production. [closing bell ringing] as we hear the bells ring. the russell gets unhappy prize here. down 2 and 2/3%. small and mid-caps got clobbered today. look at dow 30, goldman sachs. material stocks getting hit very, very hard. look at nasdaq fall 90 points to the downside. david: wow. liz: we've got it covered for you. no need to panic. "after the bell" is starting right now. david next to me. let's go. david: by the way, did you see that russell 2000? the russell 2000 down almost sure thing. this is the worst performing russell 2000 period we've had in years. almost in a full decade. liz: buying opportunity.

david: perhaps. we'll be talking to somebody with just that. other people say it has further to drop. it has been awful year for small and mid-sized caps. we have lot to cover from maul small to mid-sizes with patrick taser, brandywine global. will tell investors how to use the volatility to their advantage. gary rand thinks the bull market could last through 2015 but has a lot of ground to cover for what it lost this week. kevin give des, helps us break down the bonds. -- giddies. mark, carl icahn is short the s&p. yesterday your buddy todd horowitz you very often disagree with, whether this is bull or bear, he said he was shorting s&p. did you short the s&p yesterday. >> i did not short the s&p yesterday. you know, long term i still think the trend is higher. i think we have to look at things going on right now.

there is a lot of fear involving europe, which justified. however, there is a lot of unjustified fear. this ebola thing is absolutely ridiculous. i will give you two major life tips. okay? one, don't sell stocks because of some small disease that is being blown up in the press. and two, if someone has to north africa recently. don't exchange bodily fluids. live by that you will fine. going back to the market, bonds are screaming high. we have got the dollar rallying really hard. europe is weak. what does that create? that creates cover for the fed. i think what we'll see next couple months, not language change to more aggressive, more more aggressive unwinding of fed position. i think they might become less aggressive. that will clear the way for stock market to begin moving backwards. david: so are you buying? so are you buying? >> i'm buying here. i would be buying s&p. i would be looking for test of

the 200-day moving average. right around 1905. i think that is a level to step in and start adding to s&p 500 positions. >> 192right now. we've been showing bond yields for both 10 and 30-year. i want to get to kevin. today the 10-year was 15-month loy, 3.128% s this incorrect move to go into treasurys, kevin because you're not getting a lot of yield? in certain case, we'll talk about this later, german bond in some cases returning negative numbers. it is just ridiculous to go in there. >> liz, not so much about the return in this particular case. it is about reservation of -- preservation of capital. that is why money is going there. we've seen it today. we saw it yesterday in the treasury market. when you look around the globe, you mentioned german bond yields, but look at spanish bond yields which are 30 basis points, 25 basis points below where treasurys are, which would

you rather own? money flows globally and going right into safe haven of treasurys. david: patrick, no matter what you think of long term things you can't fight tape on a day like today. when do you think this end? will the downdraft continue another couple days? what are your views? >> i don't care when it will end. we here at brandywine do care when it end. down days give us opportunities. everyone is completely nervous, that is natural. people wish they sold higher. question what do you do after the down days? do you sell? if you have long term time frame you shouldn't quick 401(k) or ira. you think long term. better opportunity than month ago. i don't think there is anymore

risk in the world. david: wait, wait. hold up, patrick. you don't think there is anymore risk in the world? what is happening in europe where the germans finally conceding things may be slip into recession china things are slowing down. i think there is more risk in the world. you reilly don't? >> i think the risk was there. people are assigning much higher probability of that risk. people overestimate the probability of negative events. that is where opportunities get created. first of all i don't think risk is higher than month ago. people overestimate how things can get. when you talk about the u.s. market, should the u.s. economy is there any evidence we're being hurt by problems in europe, russia, china? unemployment claims it is still a good in per. liz: almost, patrick a day-to-day thing where we get hurt. mario draghi of ecb made

comments that piled on with spooking of market. let me go to gary rand. you are buying. you do believe with a few asterisk this is bull market continues. you're picking names like warehouser, one we talked about in the last hour, i picked ralph lauren. we had a retail panel, about winners for holidays. why are you picking name like ralph lauren with all the red on the screen and worry about the health of the consumer? i'm with you but i would like to know your opinion? >> i think ralph lauren who plays higher end of the market is more immune to some economic worries going on currently. i agree with the panelists that, you know, a lot of noise going on. i think good news continues for economy especially here in the united states. ralph lauren beneficiary of consumer spending. global brand. beneficiary of housing starts and apartment starts. better strength in housing overall. they supply to home good market.

well-known brand. consumers get money, ralph lauren is brand they want to own. >> nasdaq and s&p settled below 2%. 2% loss for s&p 500. go back to mark sebastian. stay on s&p producers if we can. if we break below 200-day moving average on s&p. which is 1903, mark, what happens then? >> then we could actually be in real chance of that 10% drop. everybody keeps waiting for. i think that 200 day will be a serious line in the sand. looking at vix, which is volatility index, first "time" i've seen stress in the vix since the whole selloff began. we're finally seeing racers trading non-logically for s&p 500 put insurance.

seeing the vix explode and break that 17 1/2 level, hold there, along with test of that 1903 level, i think produce as buying opportunity. plus, again i think we'll reset our thoughts on that, on fed tapering. now, if we break and we break that 1903 with strength, there will be momentum lower. a lot of people are watching that level. 1903 breaks with strength. 1850, 1825 pretty quickly. you could see some real -- david: from a bull, ladies and gentlemen. >> pile-on selling. david: comments from a bull, not a bear. liz: kevin, can i talk to you quickly about the fixed income markets separate of treasurys. it did start to get hammered over past couple months. people said get out now? what is your call there? i know that is a very broad question. somebody in the last hour picking kroger preferreds. are there opportunities still in fixed income and high yield perhaps? >> well, liz, you know me well enough that i can't be on here

without talking about the municipal bond market which had a great year all year long. still a quality play. so if you can get high quality, double a, aaa municipal bond. you pick maturity, some are couple percent treasury yields, with a little bit of a tax bracket -- liz: hearing a lot about california. new york maybe? >> even in the middle of country. texas is big issue. florida is big issue. all high credits. new york purchase ad large deal as well. plenty of state gos double a or better provide great attacks yield in giving you safety and allow to be in the bond market with some yield. the rest of the story is about safety. that's where, the treasurys have gotten most of their, their press. that has to do with lack of

inflation. across the board, whether high yield or down in credit,. they're going to benefit from lack of inflation. just not the best story. david: patrick, gm way down again. you like it. wouldn't you wait for it to go down a little more? >> i think anywhere in here is great buying opportunity for gm. very cheap stock and strong balance sheet. great prices on truck launches. we think gm has another year, year-and-a-half in truck market. david: good stuff. we have to leave it at. that. >> i think gm is well-rounded opportunity. david: thank you very much, patrick. gary, kevin giddis. mark sebastian will come back in a few minutes when the s&p closes where they're all screaming in the pits. liz: oil touching its lowest level since 2012. we want to know what you think. are lower price as good sign or warning sign for the economy or a little bit of both? send us a message on the facebook page or tweet us@fbn,

atb. we'll read your answers coming up. david: speaking of oil, are low prices here to stay? could rising demand eventually lead to a spike? doesn't look like it is happening right now. we'll talk to someone with real inside knowledge. john hofmeister, former shell oil u.s. president. he knows what is happening with oil. >> u.s. stocks posting the most volatile stretch since 2011. financials complained there wasn't enough volatility to make money on trade. she should be happy. what happens now? could all gyrations influence the federal reserve? we have one of the most respected fun managers on the street, anthony scaramucci, sky bridge capital founder and fox news contributor. he will weigh in. david: american airports are ramping up screening of passengers from africa but is it enough if we'll tell what you they're doing and how effective it is. we'll head life to o'hare airport in just a moment (receptionist) gunderman group.

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stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. david: this is an indicator. dow transports down about 5% this week. liz: it was a big move today to the downside. let's get back to nicole petraeus on floor of new york stock exchange on the transports. >> these are truckers, shippers, airlines. 19 of 20 names in this group had a down arrow. the transportation index that comprises all those members, 2 1/2% to the downside. even more than the s&p or the dow. in it though, what is interesting is united airlines actually had an up arrow.

united continental was a name beaten down. this was the airline that the ebola patient took, thomas duncan took that airline. it was to the downside. it had been beaten down but you can see it actually was the one name that had the up arrows. look at some of the losers on this particular index but this week the transportation index is down 5%. so certainly getting hit hard and what is interesting about this, liz and dave, you look at kirby ryder, norfolk southern, names down three and 4%, that is tough, tough, trading, right? what is interesting this industry does well when oil is pulling back. oil is at 18-month low. why is it truckers, shippers, airlines not doing well? is this economic story? is this worry about global demand story in why they sold off. >> terrific point, nicole, thank you very much. good to see you. >> the s&p futures just closing. in a second we go back to mark

sebastian in the pits of cme. >> nice after-hours range today. six-point range in last 14 minutes before they close. all week with all the swings, really first half hour set the tone. tomorrow watch that. looking for bottom-feeders to buy it. don't be, sr. priced if we see green day. i'm not sure we want to take a long position into the weekend. mondays are typically worse days of the week. those looking for 200 day average test, look for it monday. liz: mash sebastian, thank you so much. david: wow, we do have another day of the week. i forgot about that. at least we're not running out of oil. increased supply and less demand out of europe and asia driving price of oil down today, as we heard from nicole, over 2% down. this is good news for consumers and companies that rely on oil and gas could it a bad sign for the economy? here to talk about all things oil, former president of shell

oil and citizens for affordable energy, john hofmeister. always a pleasure to see you. remember that phrase, peak oil? that is the theory, the idea we're running out of oil. in fact, i don't know if you know this, john, that was invented by one of your colleagues at shell oil in the 1950s. a guy named king hubbard. mr. hubbard came up with this idea. and frankly it is not a great, a great idea. we're proving now more than ever that it is hogwash, are we not? >> hello, yes, can i respond? david: you go ahead and respond. >> okay, good. mr. hubbard was a brilliant scientist and very well-regarded but what he did not have a crystal ball to look at was the technology of the future. and so what we've done with technology is just remarkable over these last, say, 15, 20 years. he had no idea it was possible. so what we have discovered is that new techniques, enhance the

recovery of oil, so hydraulic fracturing, for example. but also many other techniques that are uses, such as, artificial lift, other pressures, that can be put into the reservoir. carbon dioxide pumped into the reservoir for example. what we're get something more production from existing wells with the prospects of more production from older wells. that come nation, really puts peak oil into the past. david: by the way, i appreciate your loyalty to a fellow shell guy john, you have to admit this is the problem with doomsayers. they never count on technology improving methods to get more oil or gas or aluminum or whatever it is. >> and i would say, that we haven't seen anything yet like we're boeing to -- going to see down the road. nanotechnology is now entering the reservoir. i was in saudi arabia recently and listened to a presentation

about some nanotechnology that is going to go into saudi arabian reservoirs and release even more oil in the future. all of this is remarkable. all of this for the goodness of economic value creation. we should be quite proud of the people that spend their time in technology. david: listen, john, you were talking about the saudis. the saudis are still pumping oil like crazy. very often when the price goes down they hold up pumping oil because they want the price to stablize. they don't want that now. are they trying, right now, to kill our very expensive to attain oil. is that their game that they're playing right now? >> no. i don't think the saudis approach this in a game like manner. david: why do they pump oil as fast as they are despite the fact we have oversupply of it? >> they have to pay their bills. when we buy oil from saudi arabia or anyone else does, we have subsidizing the nation-state. because much of the economic value that comes into

saudi arabia comes from selling oil. and so they really can't stop selling oil because they also have huge capital expenditures to produce even more oil. in the years to come -- david: i understand that, but, john, let's move on because i don't much time. if they continue to do that, at what price, if the price of oil continues to go down because saudis continue to pump and we get it from fracking, this other technology, at what price point does it become uneconomical, unprofitable for our drillers to keep drilling in the more expensive way? >> it varies by reservoir. really hard to say but i would say, if we start seeing pricesle drilling shut in in the u.s. david: final question, john. it is the same question we're asking our viewers, sometimes lower oil prices are good sign for the economy. sometimes they're a danger sign or warning sign for the economy. what do you think it is now? >> i think it is in between. the reap i say that is, demand

is down. supply is hope, but supply is up because of new fines, not because of lack of demand. in other words, the relationship is just a little bit off right now. it is not going to stay that way. it is going back up, come first of the year in my opinion. >> john hofmeister, former head of shell oil in the u.s. great to see you. >> russell 2000 on track for the worst week in two months but is this pullback, ah-ha, a great buying opportunity? the dow fell more than 330 points today, erasing yesterday's gains and more. with the market in volatile state, how will this impact the federal reserve decision to raise rates? we have money manager, anthony scaramucci, sky bridge capital founder will game it to you. changes coming to popular app, snapchat. what are they? we'll tell you. stay tuned.

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liz: time for quick speed read of day's other headlines, five stories, one minute. u.s. holiday sales are expected by some metrics to post strongest year-over-year gain in three years, according to the international council of shopping centers. sales are expected to rise 4% from the previous year while holiday hire something forecast to climb 7.3%. global pc shipments falling 1.7% in the third quarter, compared to one year ago. that marks the 10th straight quarter of declines. snapchat, 10 of millions of

users will soon see advertisements on the messaging app. you knew this was coming. the startup ceo says the ads will be coming soon. great. london is one of the most attractive cities for business. according to japan's power city for business, takes cultural action and accessible to cities. zynga has words with friends revamp game with off-line solo play and dictionary with the word of the day. that is today's "speed read." david? david: we talked about the russell 2000 getting hit harder than the regular market. it is on track for the sixth straight down week. this is the longest losing streak in nine 1/2 years for the russell 2000 firmly in correction mode. liz: is it oversold? time to buy? or will the selloff continue? brian jacobsen, portfolio strategist. what are you advising your clients today, brian. >> hi, good time to talk about

this considering we had a major move in the markets. similar to what the russell 2000 has been experiencing all year. if you look how some specific sectors within that index, that small cap index that performed, it has not been a pleasant ride. i do think that some economic data that we're going to be seeing and earnings numbers which are most important will probably propel the russell 2000 up from these levels. so i actually think we're going through a bottoming process with small cap stocks here. david: on the other hand, you know the expression, catch a falling knife. nobody wants to do that. and there are signs that it could continue to fall further. from a technical standpoint, maybe j.c. paretz but i've got eninto this technical stuff. it is looking bad for the russell 2000. small caps are deeply in trouble. they're firmly below their 200 day moving average. doesn't look to be getting better from that standpoint. >> no, you're absolutely right. from a technical perspective, you look at it and look as little ugly. the problem with looking at technical analysis too long it really stops working suddenly

and you don't know why. david: true. >> one of the reasons why i expect it probably is going to turn from here based on fundamentals as opposed to technicals. i think we're entering earnings season for some of the s&p 500 companies. if we see consistent, strong beats by large cap companies, i think that will translate into a little bit more improved sentiment for smaller cap stocks. which is one of the reasons why i view it as sort of locomotive will be large cap stocks and small cap stocks will go along for the ride here. liz: okay. so let's just, clarify things for our viewers. small and mid-cap stocks tend not to pay dividend or smaller dividends because they're taking what money they do make and putting it back into growth. at what point would you say, okay, we're kind of at the end of the bottoming out process? i'm coming in here and buying certain areas, and then, brian, which areas? >> well the way that i would look at it, when you're looking at small cap stocks, you have to do it on case-by-case basis. some of them if you think about

correction we've seen in small cap and mid-cap universe really, more based off movements in the speculative growth stocks i would call them. companies that don't have a proven track record of creating earnings or reinvesting earnings they have for growth opportunities. that is where we see most of the correction. if you look for quality growth stocks, those companies with a proven track record of creating positive earnings per share and being able to grow that over a long period of time, that is where i think that you're really going to find value. where i see those right now? mainly on the growth side of spectrum in information, technology and industrials and health care. david: just one name, brian. just one name. do you have a particular stock? >> i can't talk about specific names but theme i really like look for disruptors with track record for innovation especially in health care. david: good stuff. liz: maybe best in class are most creative. >> brian jacobsen, please come back.

>> thanks. liz: the retail sector did not escape today's selloff with big losses from major names. but will the holiday shopping season mean a new windfall for some retailers? which ones should you the investor add to your hopping list? a top analyst weighs in. david: look at sears,.6% down. market heavyweight, you know who we're talking about, carl icahn specifically, putting lofty price target on apple, telling company it is time to spend the cash hoard. liz: details here on fox business. u.s. airports ramping up training of passengers coming in from west africa. what are they going to do? how effective will it be to keep the rest of us safe? straight ahead. david: looks like a fake sign.

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liz: really just about every sector got crushed today. precious metals and retail sector not immune to today's selloff. spdr, falling two full percentage points. down nearly 5% so far this year. with holiday season around the corner will they gain momentum? which retail remembers best positioned for a pop? liz dunne, call vanning finder,

start ad consulting firm after 20 years on the street after being retail analyst? >> thank you. liz: what gave you the guts to do this. >> time person any in my career. it has challenges working at a big firm, not just so much fun as used to be. people laugh when i say that, but i think i have something valuable to say and add. you will seek out different ways to find value. liz: you made fun and profits for people making great picks over the years, just as stocks started to move to the upside. let's get to it. same store chain sales. a lot of disappointments. what do we glean from health of consumer going into the holiday season? >> some numbers were mixed. gap was obviously a little bit of a disappointment. we had penney's numbers yesterday.

liz: gap had management change announcement. >> the management change was big announcement. liz: got killed. >> people liked glenn murphy. he had done a tremendous job running began. liz: did he push or leaving of his own volition? >> everything i suggested he was leaving of his own volition. he was not ready to commit to another long term contract at gap. liz: he killed his own holdings. the stock tanked because of that art peck from boston consulting group. i don't want to spend too much on gap but is this buying opportunity? >> glen murphy believes in art peck. he express ad lot of support. art peck shoulder himself to be visionary. remains to see whether he can turn the gap brand which is really struggling right now and be that strategic leader they need. liz: nowhere to go but up. art will do just fine. he knows a lot about tinning

digital. what do you like, liz? advise our investor viewers. what do they put in the stockings right now? i know it's a little earlier. >> this is bifurcated holiday period. those companies focused on omni channel will win. mobile will be really important. the. macy's ses a company i'm seeing investing in the necessary way to generate that buzz around mobile strategy and have omni channel customer. liz: fancy word, you know in your world, omni channel is seamless way to operate from mobile to brick-and-mortar to digital to online, correct. >> right. finding ways one plus one equals more than two when you talk about omni channel. liz: expectations for holiday shopping season, i've seen them all over the map. retail federation seeing gain of 4%. pricewaterhousecoopers says we'll see shrinkage of 7%. where do you stand? >> the numbers, i think we'll be in positive territory but i think if we sort of disaggregate

brick-and-mortar versus the online i think we're going to see another really strong result from the online and brick-and-mortar will be down. that is why it is important to stick with retailers that are going to capture some of that online activity. liz: gutsy move by liz, starting out on her own, talmadge advisors. >> thank you very much. liz: good luck to you. we'll put the choices up on facebook.com/afterthebell. david: congrats to liz. good stuff. what a week. third day in a row of moves more than 250 points on the dow. is all that positioning before the fed is raising rates or is something more dangerous going on? we'll talk to one of the best fund managers in the world. that is not an overstatement. anthony scaramucci, sky bridge capital founder, will be here. starting this weekend the cdc will start more intense screening of incoming from three african nations in order to keep ebola from spreading further but will the measures work? we go live to o'hare international airport.

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undervalues the iphone maker. apple's stock should trade $203, twice what it is trading for now just in the last hour our own charlie gasparino asked carl icahn to buy more shares instead of asking apple to buy more. here is what he had to say? >> first of all, you don't know i'm not buying more shares. >> you might be buying shares? >> i told you, we don't go into it but do day-to-day and week to week. let me say we own 53 million shares, charlie. that is a lot even for me. a 5 billion-dollar position. david: a lot even for me. don't you love carl? apple is returning shareholder value more than ever before. in the last two years it returned 74 billion to shareholders. but it has 170 billion in cash. liz: we have whole carl icahn interview on foxbusiness.com. you have to check it out.

24 month is stomach-turning for investors. the dow has has swung up and down 200 points. concerns mounting that the u.s. economy will have trouble. david: joining us now one of the most respected fund managers on the street. anthony scaramucci, sky bridge founder and managing partner. we're pleased to see him as fox business contributor. >> great to be here. can i mention one quick thing on apple? david: please. >> the dodd-frank legislation empower ad lot of activists with minority shareholder provisions. look for more to happen. carl has a small position relative to the size of apple of big to him. it is small with huge amount of influence? is that a good or bad thing? i say that, if you have five or 4 billion-dollar hedge fund juking around a 15 billion-dollar company --

>> if you're a ceo you think its very bad thing. if you're investor in activist hedge fund, you think it is good thing. if you're asking me as policy person i think it's a bad thing. david: talk about today's market action which scared a lot of people out there. coming on the heels of a 270-point gain and 270-point loss, things are going crazy. let me read you a message we read last friday after the jobs report came out before the market rallied, by the way. so you were prescient in your views. this is what you had to say on friday. there is little to no wage growth in the jobs data. still jobs have been added. this is net positive but not enough puff enough to push the fed into the move to move rates up. great environment for stocks and bonds. if in fact this is great environment for stocks and bonds is the market oversold and are you buying? >> i think the market is oversold and on incremental basis we are buying but i think the volatility is seasonality. i think volatility is related to fact we've had a huge run, david

and liz. but you have to understand something. federal reserve is not budging. i can show you empirical data. we can look at u-6 number at 11-point%. look at wage growth and job numbers and numb per of part-time jobs, liz. big concern if you're central banking chair. tough remember the specter of deflation which they're super scared about is in europe and it is in japan. we know that deflation, if you think that inflation is going to keep you up at night, deflation is going to give you nightmares. it is worst thing that can happen. david: inflation can give you nightmares too. i remember the late '70s. early '80s. that was scary period. >> can i tell you why deflation is worse. $50,000 job and $300,000 in debt and salary is deflatings, my debt is doubling on me. go from 50,000 to 25,000 paying back with debt with dollars worth more than the dollars i borrowed. we can tolerate a little bit of inflation. we can not tolerate deflation,

guys. the fed is super concerned about this. liz: your logic is absolutely on point except that we heard different variations of that over the past five years. this is worrisome, that is worrisome. this is what the market has done, moon shot. what does an investor do right now? >> i think, augers nicely for the stock market. i think you have seasonal adjustment going on right now. some guys will disagree with smaller caps. would i stay in large cap, u.s.-based, global dominate the equities. balance of s&p 500, more cash on the balance sheet than anytime in the history of the s&p. 2.4 billion doll fares -- at this point. we're a hedge fund manager. we have to focus on that. but you have to have a long exposure in a market like this. david: liz is right the market is going up like a moon shot but economy is going like this. there is old expression, if you're coasting, which what our

economy is doing you're going downhill. when do we turn that around and how? >> i'm not here to judge the economy. we can have that conversation. i'm here to judge -- david: just briefly on the economy that is partly what is speaking the market right now. >> economy is splitting right now. one of the negative policies of the federal reserve's monetary policy is it is fraying the social fabric of america. irony of whole thing, these policies hurt the middle class and hurt savers and lower middle class. they help people with assets. federal reserve has adopted asset reflation story. it is working. it got six years into this thing. they are going to stay the course. we had secretary geithner at our conference a few months ago. anthony, we can give the patient this much medicine. they may or may not get off the hospital gurney. we know we give them this much medicine they will. what course of action do you think we're going to take? think about that with the federal reserve. you saw the minutes yesterday. they're signaling market and

they're successful reflating assets and want to keep reflating them. liz: net-net augers well for the stock market? anthony, thank you. >> economy for lower and middle class we have to figure that out. liz: anthony scaramucci. >> really glad to be here. david: wonderful to have you. u.s. officials are ramping up efforts to stop ebola from spreading here in the united states. announcing plans to test travelers for the deadly disease at five u.s. international airports. we go to one of them, chicago's o'hare airport. that's next. liz: big banks set to kick off quarterly results next week. can you guess which bank stocks are most loved by analysts, ahead of third quarter earnings? we've got that answer for you. but try to guess right now coming up. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, if you're shopping online anytime soon, get ready to pay more. we'll tell you why. we'll have analysis on that big market selloff today. just some big consumer stories coming up on "the willis report" in just a few minutes.

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o'hare airport in chicago. jeff, when and how will the testing begin in how does the process work? >> it begins here at o'hare on monday. at jfk they start over the weekend however. it will be at locations like this. this is the international arriving passengers area at o'hare. they're looking at some 90 million plus passengers that team into the u.s. by air every year at these airports. look at what they will be doing? look at the device. it's a handheld temperature-taking device. essentially looks like a radar gun. they will aim it at passengers only coming in from three african, west african countries where the outbreak of ebola is the worst. and that is a fairly small number of people. we learned today they already have that device here at the airport. we asked to see it. they said no. i will tell what they told us. they said no access is being provided at this time. they pointed us to documents they already released. so we went to our own expert to

ask how positive and how efficacious i guess is the word this technology would be. he told us there are both positives and negatives. >> they're very accurate. these are, you know, fda approved thermometers. but the problem with the screening in airports with temperature is that, an ebola patient doesn't necessarily have to have elevated temperature. >> they can also lie about the questioning that cops in terms of where they have actually been and whether they have been exposed to an ebola victim. i take you to the last set of numbers that want to show you. a lot of people made a big deal of the screening with the implication there are going to be thousands of people screened. actually the government's own numbers say it will actually be about 150 people a day. that is the number of people that come from these west african nations. fairly small number. that is about 30 people an airport. so it is not exactly going to be a huge operation, even though we made perhaps a big deal out of

it. and maybe the administration made a big deal out of it too, indicating they're doing something about this. it is something. whether it has a lot of impact we'll see. david: by the way a patient in brooklyn, you might have read about thought perhaps to have ebola, he had a high temperature. he had all the symptoms of ebola. game from nigeria last week. it is now confirmed he does not have ebola. that is good news. thank you. >> good to hear. >> bank earnings kick off next week. these are important. we'll tell you which bank has the most buy ratings. david: interesting. in this environment we'll tell you the key things to watch tomorrow that will keep the market on edge. that's coming up.

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rating among the largest banks? well the answer is jpmorgan. 24 analysts have buy ratings. seven have hold ratings. just one with a sell rating. at the same time last year jpmorgan was also the favorite among analysts. the bank didn't disappoint last quarter pete beating analyst expectations for revenue and gps it is up 19% so far this year. scheduled to report tuesday ahead of the bell. liz: number two thing to watch, speeches from not one, not two, but four federal reserve members. charles plosser, esther george, richard fisher and jeffrey lacker will discuss the economy and monetary policy. they will listen what today's big selloff could mean for the central bank policy. david: you know their comments will move the market juan way or another. the number one thing to watch is the market in general after today's massive selloff of the all three indices are on track to end the week down more than 2%. look at the russell 2000, down

2.66%. liz: remember what a difference we saw on that very chart yesterday. everything was to the upside. david: one day down. one day up. you never know. "the willis report" is next. she will guide you through the next hour. >> hello, everybody, i'm gerri willis. it was another disaster day for your 401(k) as all three indexes sell off in one of the worst market drops of the year. we'll tell you how to make money even on days like this. coming up on today's show, a victory for consumers as major companies refund customers millions and millions of dollars. we'll tell you why. more companies targeted by hackers in addition to jpmorgan chase. we'll tell you which ones and how you can keep your money safe. want to keep your home maintenance costs low? we'll tell you what you should be doing right now. "the willis report" where consumers are our business starts right now.