>> no. >> the resistance is too powerful. david: thank you very much. that's i >> we all knew was coming. it's just starting to happen now. the market will rebound. companies that are really crave for the long term that typically have been expensive and now you can get 10, 15% discount. cheryl: breaking news this morning. the new normal, this is a pared volatility the market. moving a 1200. range, finishing up 567 points. lauren: dow futures down over 200 points most of the night and still down 207 team. s&p futures down 24, nasdaq down

54. train to the guilt of the 10 year treasury driving much of the market action we've seen over the last several sessions is below two pointy%. >> a look at european stocks this morning tried to snap a seven-day losing streak on the back on wall street gains yesterday the dax in germany and the cac in paris half of 1%. train to a nation to come in a restraining as the nikkei index edging 1.6% higher in china's shanghai composite sinking 120%. turn through the house passes a new spending bill as president trump threatens to let the government shutdown. cheryl: a bombshell. casino mogul steve wynn is stepping down. following a novel inch of misconduct allegations. "fbn:am" starts right now.

lauren: 5:01 a.m. in the morning. good morning, everyone. i mourn femininity. train to good morning, everyone. i'm cheryl casone. lauren: welcome back to a couple wild swings in the stock market that continued this wednesday morning. futures pointing to a sharply lower open after what we see, who knows. down to 17 maybe nothing. in the end, and actually gained 567 points, but it had dropped 567 points. the final game to .3%, the best in two years. obviously after the biggest point drop i've ever seen. the dow recovering half of the losses yesterday. the s&p yesterday rose 1.7% on the day and the nasdaq composite jumping to .1%. trained at the dow change

directions 29 times, just incredible. a lot of questions for treasury secretary stephen mnuchin on capitol hill. he played down worries during the house financial services committee hearing. >> i'm not overly concerned about the market volatility. the fundamentals are quite strong. you see in a normal market correction although large. there is a disconnect in the short-term. markets move in both directions. lauren: the dow and the s&p is back in positive territory for the year as of now. sec and the features are looking to the downside. obviously, everyone is still on edge. let's see if we see any change in the past couple of seconds because that is what it is these days. still down over 200 points. the csi markets, what are they telling the experts?

peter morici and mark malone join us. good morning, guys. peter common steve mnuchin not overly concerned. are you concerned about what the market is telling us about the economy? >> i'm not particularly concerned. investors with complacency, money managers were concerned in the market to ensure against downside risk. 11, 12 days ago with the market could only go up the sentiment about you. that is the surest sign yet that a correction pretty soon. the question is are we transitioning to a bear market or are we transitioning to a new bull market? the answer is the economy looks very good and if it continues on that track in this correction doesn't feed back into investor sentiment which is unlikely,

that the economy will grow, profits will increase the first quarter and we will all be smelling the second, third or fourth weeks of april is the proper reports coming. lauren: arguing they are oriental? >> this baldwin will continue. this started because of strong wages. it was said about a 3% annualized growth. that reflects underlying strength in the market. i don't see a correction or a crash at least when you have such a strong economy, global growth expanding common and look at those interest rates. tenure still below 3%. historically bull markets continue well after the 10 year hits 4%. lauren: i get what you guys are saying, but why change the sentiment? is it that jobs report reminding us the economy is getting better, which is coming up or was it these creative exotic volatility products basically

etn sending a message the markets will stay calm forever, volatility low and all of a sudden it's not and then you get computer treating and it gets all confused. is that what is going on here? what is going on here? >> first of all, something has to set up computer treating. computer treating can't cause it. my feeling is folks misread the wage numbers. an obama air 1% a year which gives you 2% inflation which is the target. there were other things going on. the proper reports from alphabet, amazon and apple were good, but they do show the underlying strength of the future wasn't going to be absolutely astonishing and not bothered people. in china they are soft is because they try to deflate the market. there were reports here and there because the problems. deutsche bank, the biggest in germany has issues. they can't add up to set up

sentiment and then you're going to hurt. none of the things that have been mentioned are things you provide enduring problems for the market. the u.s. economy is growing robustly. inflation is not a particular threat. the fed is seeking to normalize rates. these rates are not high by standards. the s&p price earnings ratio is the lowest 25 year average. it was when they peaked a week ago friday. this is a good market. strangely we will leave it there. peter, mark, thank you very much. train to washington top senate leaders to finalize a deal to increase military spending by $80 billion a year. domestic spending by 63 billion coming after lawmakers separated immigration from government spending. at least they're doing that for now. the house pass a stopgap

spending bill to have the government through march 23rd. the current funding runs out tomorrow. lauren: in the meantime, the president is threatening a possible government shutdown if they don't agree to his possible immigration plan. >> away don't get rid of these loopholes are killers are allowed to come into our country and continue to kill gang members. this is under 13. many gang members we don't even mention. if we don't change it, we'll do a shot down and that's where the poorer country. lauren: house democrats canceled their annual retreat in their schedule today through the end of the week. instead they plan to hold meetings inside the capitol complex. train to allegations of misconduct resulting resulted in the resignation of a top ceo. lauren: tracee carrasco join us at that and other headlines making news this morning. hi, tracee. >> stephen has resigned as ceo of the company.

claims he routinely suggested the women who work for him to unwanted advances. in a statement, in the last couple of weeks i have found myself the focus of an avalanche of negative publicity. i have reached the conclusion i cannot continue to be effective in my current roles. his decision to step down following his resignation as the finance chairman of the republican national committee in january denied the allegations against him. lauren: disney reported last night. >> one of the bright spots in disney's earnings yesterday. business at the themepark true during the quarter with revenue up 13% to $515 billion. the theme parks continue to perform better in disneyland paris had his third straight profitable quarter. overall reporter and a prospect for them to point for -- revenue rose to 20% in the quarter was

boosted by a $126 billion one-time benefit related to the recently enacted tax law. disney close to 46% before the financials were released and went up 1% in after-hours trading. cheryl: nice to see the theme park rating because that's been a drag on the stock over the last year. let's talk about starbucks. they have something fun coming up for valentine's day. >> what better way to celebrate love than with a new starbucks drink. just in time they've added a limited-edition drink. the cherry mocha available for one week only starting today through the 14th made with espresso, mocha and candied cherry syrup and top with whipped cream and cocoa valentine sprinkles. you can get it hot, eyster blended. then i did a heart-shaped cakes topped with chocolate icing and sprinkles as well as valentine's

day sugar cookies. cheryl: sounds good. lauren: thank you. what happens when two blockbusters team up? we have information about the new connection between "star wars" and "game of thrones." vice president mike pence meets with it prime minister overnight. we will tell you what they talked about. deep declines down .8% for the dow and s&p futures this morning. we'll be right back. i've gotta say, i love the new place. oh thanks. yeah, i took your advice and had geico help with renters insurance- it was really easy. easy. that'd be nice.

phone: for help with chairs, say "chair." phone: for help with bookcases, say "bookcase." bookcase. i thought this was the dresser? isn't that the bed? phone: i'm sorry, i didn't understand. phone: for help with chairs, say "chair." does this mean we're not going out? book-case. see how easy renters insurance can be at geico.com.

lauren: welcome back. seesaw trading on wall street. futures are down sharply by 199 points after 170-point swing from high to low yesterday. other news we're following, mike pence meeting with the japanese prime minister commissions are able overnight. the two held a bilateral meeting to discuss the alliance against north korea vowing the u.s. will rollout the toughest and most aggressive sanctions on the rogue regime yet.

heading to south korea tonight for the winter olympics. president trump establishing a new national betting venture to screen immigrants, refugees and other visitors who want to come to the u.s. the center would identify people who quote, present a threat to national security, border security, homeland security or public safety. illegal immigrants suspected of hitting and killing edwin jackson and another man while driving drunk as charged in federal court. he allegedly tried to run away after the crash and gave police a fake name when he was finally caught early sunday morning. manual overdose of allah of guatemala charged with illegally reentering the u.s. after being deported to times. cheryl. cheryl: incredible. current volatility in the stock market has given a first experience with rattled nerves. the administration is downplaying the turmoil in the

economy and will only get stronger. the effective tax reform take hold. a closer look with david fields incoming deputy secretary under george w. bush. also president of the insurers association of america. >> good morning, cheryl. cheryl: seen this volatility in the markets did we say not the action on the 10 year treasury and certainly concerned about inflation too high and that could be an economic negative. you see that concern? >> we might have better luck trying to explain the nfl catch rolled in trying to explain what is going on in the marketplace today in the stock markets. the reality is all of those factors are built-in. your previous guest talked about the unprecedented right now. from my perspective, the economy from the macro purse acted, the fundamentals are pretty good and

of all the ceos i talked to when i talk to a lot of them around the country, and they are pretty optimistic about 2018 in terms of economic growth. we've been experiencing eight years of wage stagflation in the previous administration and now that we see the first signs that wages are really growing on a real-time basis, i think there's a little panic. it may be a bit over reached. cheryl: president trump address these issues within the economy. that's what the president said in his taped. >> we've already created merely to .6 million jobs since the election including 200,000 new jobs in manufacturing. we love manufacturing. we are bringing back those for magnificent words. made in the u.s.a. more companies are pursuing pay increases right now than at any

time in the last long period of time. >> market volatility aside you've got the atlantic side saying the forecast for gdp for the year 5.4%. this doesn't take away from now. >> when you look at the economy over the last decade that has grown at 1.8% on an annualized basis. when you start talking about gdp growing at 3% or higher, a lot of public policy issues that are so intransigent and difficult to solve when the economy is growing at 1.7 look a lot easier to solve a 3% or higher and they do think there is a real rejuvenation of the american economy right now. a couple of factors are the meaningful corporate tax reform is the first. probably even to a greater extent is rationalizing the regulatory structure on business

that we have seen brilliant hyperdrive over the last eight years. i think it is a combination of both of those that have the business community really thinking this is an important inflection point. cheryl: it certainly is looking at the growth in wages. it's all been good. we'll see how markets react today. david sampson, we appreciate it. >> thank you, cheryl. lauren: the mindset rot west roads to life are heading to a galaxy far, far away. >> i was born to rule and i will. lauren: "game of thrones" and "star wars" are getting together. we will explain that for you. some very nasty commutes right here in the north east. janice dean calm enough with the forecast this wednesday morning. dow futures down just about 200 points. other markets low as well.

♪ today we're out here to test people's knowledge about type 2 diabetes. so you have type 2 diabetes? yes i do. true or false... type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke. that can't be true, can it? actually, it is true. and with heart disease, your risk is even higher. in fact, cardiovascular disease is the #1 cause of death for adults with type 2 diabetes and heart disease. but there is good news. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. that's good to know.

jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. isn't it time to talk to your doctor about jardiance? absolutely. ask your doctor about jardiance. and get to the heart of what matters.

where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.

's >> i know i'll get no justice here. but the gods decide my fate. i demand a trial. cheryl: the great minds that brought "game of thrones" to live, the creators are going to be writing and producing a new series this tar wars films. disney made the announcement yesterday separate from the main scott walker saga. they'll get started on the

project after the final season in a "game of thrones" is complete. lauren: that is like the two biggest franchises coming together. a more gory version of "star wars." lauren: disney shares are up this morning. you might want to give yourself some extra time in the northeast. the commute can get messy today. cheryl: janice dean is here with us for the forecast today. >> a lot of moisture and potential for snow, freezing rain, sleet and severe weather across the south. you can tell we've got the warmer, unstable air mass in front of the cold front. potential for strong and severe storms but tornado warnings for part of central louisiana as the system moves eastward. freezing rain, sleet along the ohio and tennessee river valley, lower mississippi valley as well. ingredients for potential is not major rice, but certainly

throughout the morning and into the afternoon hours along the boundary with all the moisture moving in and following through a layer -- a layer -- a layer of freezing temperatures. north is back, where we are getting the snow. all of this is going to be a messy commute throughout the day today and through the afternoon where we have winter weather advisory posted and potential for snow and ice throughout the morning and into the afternoon. be really careful, especially across the i-95 corridor throughout the afternoon today. back to you ladies. lauren: thank you. great morning. lauren: you might feel like you're in outer space lately watching these markets. major win for space acts and elon musk. >> five, four, three, two, one. a successful launch of a rocket.

your old iphone slowing down, apple might actually give you money to fix it. u.s. stock index futures pointed lower on this wednesday morning after a rough couple days now down 212 points. you are watching trendsetting. ♪ "fbn:am" ♪

>> we all knew was coming. it's just starting to happen now. the market will rebound. >> companies that are really great for the long-term that typically have been expensive and now you get 10%, 15% discount. lauren: breaking news this morning. investors getting used to the new normal with volatility ruin the stock market. the dow moving and a 1200. range yesterday and finished at five under 67 points.

cheryl: talk about volatility. dow futures have been down over 200-point with 233 points in the premarket. as you can see the s&p 500 and nasdaq lower as well. s&p and -- lauren: the yield on the 10 year treasury which has been driving much of the back-and-forth market action is now to .7%. lauren: in europe, stocks looking to snap a seven-game losing streak on the back of wall street gains. right now looking at great numbers in europe. the ftse apocrypha sent. caci profit%. dax and political news also higher. clearly not taken a cue for measure because she is stocks mostly lower with the shanghai composite in china town 2%. the nikkei up a 10th of a percent. president trump expected to approve the release of the

democratic memo on the fbi's surveillance abuse yesterday. apple says it might be able to help you out with cash. "fbn:am" continues right now. you cheryl: 5:31 a.m. in new york. wednesday, february 7th. i'm cheryl casone. lauren: hey, cheryl, good morning everybody. i am lauren simonetti. cheryl: i'll take some extra cash from apple. a good story to talk about. the president is the big story this morning. lauren: is a classified memo to be made public. the memo is the democrats rebuttal to the nuñez memo that alleges the fbi alleges the fbi's abuse of surveillance power with the term presidential campaign. cheryl: griff jenkins live in washington with the latest.

good morning, cheryl of mourning. the president can decide whether it released to block some or all of the democrats counter memo. deputy attorney general rod rosenstein as jack kelly says the president gets a better understanding now. >> a greater understanding what the differences between the first memo, second memo where he received it late last night. the doj, fbi team -- reporter: some republican lawmakers like trey gowdy warns it could be a trap. >> the democrats are politically smart enough to put things in the memo they require the bureau at the department of justice to say it is to be redacted and creates this belief that there's something hidden from the american people. reporter: senator grassley

released a less redacted version of their criminal referral by christopher steele at the department of justice giving us more information about reliance to get a fisa warrant in a letter they write on march 17, 2017 provided copies of the application, which requested authority to conduct surveillance of carter page. both relied heavily on the dossier claims by the fisa court. they also contend writing it appears that mr. steele lied to the fbi or the british court or the classified documents reviewed by the committee contained materially false statements. this letter in the president's meeting, as democrats like adam schiff expressed concerns the white house would make politically motivated reductions in the release today or tomorrow. one thing is for sure the battle of the memos is far from over.

>> the reputation is again under fire. thank you. for more let's bring in virginia gop chairman john muppet. good morning. >> good morning. cheryl: this seems to appoint another concern about can we trust the fbi? was this pulled under suspicious circumstances under false information? >> yeah, you know, this is a situation we find ourselves in now where we as republicans have to be careful and remind everybody we are in no way attacking the rank-and-file members. all about the leadership interest of the american people and the leadership. having said that, i don't think i've ever in my lifetime seen what's going on with this fbi leadership they need is something that i am all for releasing the democratic memo. let's talk about this because we need to get back to catching bad

guys and terrorists do not be in politics that they have been under the obama administration. cheryl: the other issue we are facing is another budget deadline which may be moving out again. at this point, the white house says they basically have to accept his terms on immigration. the president is really coming out strong on immigration, really not backing down. is that the right move for the white house? >> i.d. 100%. the president has placed democrats in a corner making a tremendous concession on the so-called dreamers, really giving democrats everything they want. most of the president's immigration policies are great for the american people and the democrats would be foolish to give up the opportunity to cut a really good deal for them on immigration. a great deal for america overall and it's time for us to move forward and get that done. train to let me ask you this too when it comes to the dreamers.

that is something the democrats have been really pushing forward in the last budget showdown. do you think they grab onto that again because it didn't work politically the last go around even though the two issues look like they'll be separated. >> no, i don't think they do. i was one of the biggest political losses for the democratic party in the democratic shutdown. the last being in 2013. republicans don't generally fare well. this is a disaster for the schumer shut down or for democrats and i don't think to take a hardline position. they want to get back to focusing on the midterms which is exactly what happened for republicans. get the thread of the government shut down, pass budget and get back to talking about midterms because this is something we can hold the senate, keep the seats of the focus and get things done for the american people. cheryl: even a two-year budget agreement seems like a wonderful

idea. thank you very much. we appreciate it. >> thank you. lauren: apple looking do compensate customers for slowing down or older iphone's. cheryl: tracee carrasco has those headlines. good morning. >> apple said that it seems strong demand for replacing those iphone batteries and is considering rebates for customers who pay full price to replace their batteries. this comes after apple lowered the price to $29 after apologizing and admitting they were using the software to slow down the batteries. apple hasn't made a decision or said whether or not they will offer those rebates. train to train to make things right for their customers. a little bit of good news for investors, also user growth going up.

sales rose 72% to $285.7 million a year earlier and after a in three consecutive quarters from a stab at it 2 million users, the most since the third quarter of 2016 when it was still a privately held company. shares rose 26% to $70.95 putting stock of bug $17 operating price. lauren: still not possible. especially after letting you share across twitter for instance. space x successfully launched the most powerful rocket you've ever seen, and the falcon heavy just in time for the earnings report. >> i was really great to see yesterday. big when four spacex and elon musk with her fourth-quarter earnings today, something will watch after the closing bell of the launch.

there goes the world's largest rocket. inside the rocket was the tesla roadster, babylon to elon musk supposed to be heading to mars. right now it kept going to the asteroid belt. >> i think on the inside of the card said don't panic. thank you. see you tomorrow. a lot more coming up. interest rates almost certain to be higher. don't panic. what is not going to do to the housing markets? get slowdown? we are going to talk about that. this is tiger look real? some police thought it was. here's the story in your market.

here we go again. another wild ride for u.s. market. does put a lower by 238, s&p lowered by 68. strap on your seat belts for your market action this wednesday morning. we'll be right back. (siren wailing)

(barry murrey) when you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. we call that the golden hour. evaluating patients remotely is where i think we have a potential to make a difference. (barry murrey) we would save a lot of lives if we could bring the doctor to the patient. verizon is racing to build the first and most powerful 5g network that will enable things like precision robotic surgery from thousands of miles away. as we get faster wireless connections, it'll be possible to be able to operate on a patient in a way that was just not possible before. when i move my hand, the robot on the other side will mimic the movement, with almost no delay.

who knew a scalpel could work thousands of miles away? ♪ today, smart planning is helping the new new york rise higher than ever. as the world leader in unmanned aerial systems, we're attracting the world's best talent to central new york. and turning the airport into a first-class transportation hub. all while growing urban areas into vibrant places to live and work. across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov.

cheryl: welcome back. futures right now with the volatile days of trading. right now, dallas lower by 230-point. the s&p 500 down by 26. nasdaq lower by 65 right now. the data change direction twentynine palms yesterday. today is another volatile day for u.s. markets. after taking the parade, perhaps on pennsylvania avenue to celebrate the fourth of july. the department of defense put on the american military power. white house officials confirming that the parade is being planned. the death toll is rising in taiwan after a 6.4 magnitude earthquake struck around midnight local time. six people have been killed.

another 88 missing. rescue efforts continued through collapsed buildings and rubble. get desperate scottish police thought they were earning their stripes by engaging in a 45 minute standoff with the tiger. only problem was it was a real page scottish farmer took them nearly an hour to realize it was just a plush toys. please are not charging demand that they did ask if they could make the toy there an official man scott -- mascot. lauren: who put it there? it looks real to me. cheryl: looks real to me. lauren: much to blame in the fear of rising interest rates which could negatively affect sectors including the housing market. the very important in large the overall economy. nature shall price waterhouse coopers. our cultural addiction to blame. how you can carry. good morning.

a 3% interest rate yield. >> it depends on the reason you get there. a 10 year 3% yield is actually very low historically. certainly in this decade of post crisis that would be a higher level, but if you have productive growth getting you there as opposed to inflationary pressures, i think it's very positive. >> can the housing market absorb higher rates? a 30 year fixed at four and a quarter% probably up for mayor in the housing market absorb it? >> some of the banks are voting for .5. banks can continue to london this environment than they want to and borrowers actually want to borrow. where is the breaking point as they continue to go up? we will not see it for a while because we had no one else who

still haven't checked into the housing market they really want to. a huge wall demanded $30 a month will cause a quarter-point higher in a $2000 mortgage. lauren: quick follow-up. changes in the tax law. you think home prices are coming down? >> they suggest that tax reform would've added downward pressure. because there's more demand for housing than there is supply. this supply. they've gone supply. this can appear every year by 6% the last couple years. if they slide back a little bit of answer little bit and there's room to happen, that would help those folks. again, the big wall of demand is enough to sort of push through this. lauren: speaking of the tax cut stimulus to a small degree with 300 plus bonuses and the like, yes.

but do you think in the long run that the tax cut in the pro-business deregulatory agenda of the white house right now is going to produce that 4% gdp that we need to bring down the deficit and continue to grow the economy? >> i don't think we need 4% real gdp that is possible the headache. we need 3% plus real gdp. you have to give it sustainable. the point i was going to make it sustainable gdp growth you can do all sorts of things. you can fit for an initial of the tax cuts first of fact. it more going forward. can we get something that is a full percentage point year-over-year higher than we've had the last six, seven, eight years. it will happen, can happen but

we have to continue proceeding with deregulatory effort. that is the big key here. the tax to fund bill is done. we have to continue to work on taking our foam off what is hurting businesses in their efforts to grow. train to if the economy continues to grow when rates go up, no big deal. the stock market would stabilize again. thank you. >> thank you, lauren. volatility is normal for the stock market. one chicago trader has some pretty interesting ideas about where the market is headed. higher in the back of those gains on wall street yesterday. but is it going to last? live to london about what we've been seeing in u.s. markets inherent volatility again down 215 in the premarket s&p down 23. we shall see.

it can power your apps with public services without starting from scratch. it brings your business up to speed, doing more with systems you have in place. it can bring all your apps to life and run them within your data center. it is... the new ibm cloud private. the cloud that's designed for your data. ai ready. secure to the core. the ibm cloud is the cloud for smarter business.

secure to the core. we use so why do we pay touters thave a phone connected. when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and now, get a $200 prepaid card when you buy an iphone. it's a new kind of network designed to save you money. call, visit, or go to xfnitymobile.com.

cheryl: we continued of course to cover the moves in the market over the last two and gearing up for a third trading volatility. chief strategist above the trading.com. todd, good morning. >> good morning, cheryl, how are you? >> the dow turnaround in 266-point positive for the year. we will see what today brings. where was so close close to full

correction? >> there's a lot in the market. the first thing you start to see the mass assuming and volatility in at the top you get this overall movement which suggests the heavier volume. the dow futures trading 50500 to 600,000 contracts a day which is 10 times are eight times the normal. the highest interest rates are a problem. all these things are measuring up because a lot of this good news. rates can go higher than earnings and they will not look as good because the pheromone bases will go well. a lot of these things are changing. investors should stay in the market. this is where you -- >> on a normal day, 50% to 60% of trading is done by computer programs but in a high volatility environment it's 90%. this is computer trading.

this is the traders worried about computer volatility. they have the same algorithm. >> i'm not as convinced as everybody else. it's a big percentage, but the computers but they are on the computer is and when you start to see this much higher volatility, people are getting out of the market because they are overleveraged and they don't have enough money for the market. the minute you start to get some movement if you're buying on margin, you've got too many people in the market they don't want to begin with tenures approaching 3%, and you can the people that want to be on fixed income that don't want to be in the market, they will take the 3% in the 10 year period a lot of the money comes out of the market which creates more selling based on the computer. >> you have to admit, even cause to offices, this is no 2000

natives would be analysis regretted seeing now. this is not 2008. we had an incredible run off of the market in a little bit of a pull off especially long-term because it gets to the buying opportunity you are looking for. >> i agree with you 100%. markets go up 8% year-over-year, just not every year. an investor putting in money you'll not need tomorrow, i wouldn't even worry about it. i'm a traitor so i'm very short and as an investor i haven't sold anything. >> there you go. your vocal have a lot of action. thanks for getting up with us. lauren: i don't want to jinx it, but the difference between today and yesterday since the shell is started we've been down. we haven't gone for a crazy down to crazy out. the action on wall street and overseas following the 560-point gains for the dow yesterday,

not. these black -- ♪ " something we all think about as we head into retirement. it's why brighthouse financial is committed to help protect what you've earned and ensure it lasts. introducing shield annuities, a line of products that allow you to take advantage of growth opportunities. while maintaining a level of protection in down markets. so you can head into retirement with confidence. talk with your advisor about shield annuities from brighthouse financial established by metlife.

>> unlike what we see in the u.s. coming european stocks open higher and continue to trade higher. reba gold from "the wall street journal" joins us now from the market view across the pond.

what are traitors they are saying today? riva. >> certainly a brighter one than yesterday. a little bit of a rebound of major indices here as well as some indexes in asia just following the recovery of the doubt. this is definitely a u.s.-led selloff with global effects. i think you haven't seen a massive rebound in europe this morning. with u.s. futures trading the work of the people are a little bit nervous in the rice is quite muted compared with what you saw yesterday in the u.s. keep in mind and ended quite a bit lower as well. not much in terms of recovery. cheryl: the stock markets outside of the u.s. that stuff about asia, australia. the markets with a little bit of teflon coating on what their reaction to our selloff here. >> definitely. the u.s. is keen not just for

the world economy, but for sentiment. you look at a lot of forces around the world and you can see many completely wiped out their gains here. gone around 300%. ftse 100 down around 6% but the pretty brutal selloff. the only things out. the auto sector in europe and italian stocks as well as a tiny bit left of hong kong games. >> riva, thank you so much. over today and it now and for maria bartiromo. >> good morning. wednesday, february 7. top stories at 6:00 a.m. eastern. volatility finding wall street. investors coast-to-coast. they were in for a wild ride yesterday as the dow spending the day up nearly 600-point after falling by about the same amount in earlier trading. all three of those major market