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i'm derrick chan of fidelity investments.ecution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> a bet of a black eye for bitcoin the currency suffered a setback when u.s. prosecutors charged two bitcoin exchange operators with money laundering before today's public hearing of bitcoin by new york regulators and mary thompson has more. >> one of those charged in the $1 million money laundering scheme is 24-year-old charlie shrem who was arrested at new york's jfk airport is a bitcoin entrepreneur, ceo of the bitcoin exchange bit interest and vice chairman o

i'm derrick chan of fidelity investments.ur one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> welcome back. if you're just joining us, the market is deeply in the red. it's been in the red all day today but since the fed minutes we've gone further into negative territory. we're now down 191 points on the dow. what's interesting is on the s&p 500 there are only four stocks that are positive at the moment. that's the breadth of the decline so far, kelly. >> that statement hit about 90 minutes ago. joining us with more of our special coverage of the market's reaction to what's happening, david lutz and jeffrey saut. it's great to see you both. dave, your thoughts on the market here? >> kelly, thanks. we have gone from over bought conditions to getting close to oversold conditions. right now the number of stocks in the s&p that are above the 50-day moving average, it's really near lows, and a lot of this has revolved around tape

i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> welcome back. with some breaking news on the keystone pipeline eamon javers joins us from washington. what can you tell us eamon? >> just within the past few minutes here the state department has released its final environmental impact statement. we got a copy here. looking through it we see no major impediments here to the keystone pipeline development. the report not really raising any red flags in terms of environmental damage to be done by the construction of the pipeline. let me read you one key sentence here on climate change. the report saying broad climate change effects will occur to varying levels. however, these changes will occur irrespective of the presence of the proposed project. analysis here is that this report now clears the way for secretary of state john kerry to make a decision on whether or not to go forward

i'm derrick chan of fidelity investments.ur one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> another batch of heavy snow hitting the northeast today. the winter storm is expected to bring ten inches of snow to new york and philadelphia, with windchills as low as ten degrees below zero later on tonight. let's head out to guy adami, who is fast-tracking the storm on the streets. b guy, how is it out there? >> it's a little chilly. no coat for me. a bunch of "fast money" fans. i brought my yardstick. and by the looks of things, we don't have much snow right now. it's cold. it's windy. back when i was a kid, this was nothing. this is just snow. you have to suck it up, people. this is no big deal. >> do you always walk around with a yardstick or just when it snows? >> anyway, i can't hear a word you're saying. you can make fun of me at my expense. >> we already are. >> it's all good. i'm going to get back inside. >> while guy is

i'm derrick chan of fidelity investments.econd trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> and that is a live picture of super bowl boulevard in times square. the whole area is closed down for nfl fan fun. quite something. i was walking through the other night. talk football, investments and more with investment manager and former nfl player jack brewer. allegedly nfl agent leigh steinberg back in the business of resting players out with a new book call the "what else." and seattle seahawks wide receiver sydney rice. welcome to all of you today. get to football in a minute. jack, quick thoughts where you think the markets's headed now and why? >> obviously a lot of volatility. remaining patient. our portfolios performed well. certain sectors we continue to be bullish on, like the medical sectors some health care stocks we have in our portfolio. overall it's an patience. if you believe in the american economy, we do now, we think

i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. at a company that's bringing media and technology together. next is every second of nbcuniversal's coverage 0f the 2014 olympic winter games. it's connecting over one million low-income americans to broadband internet at home. it's a place named one america's most veteran friendly employers. next is information and entertainment in ways you never thought possible. welcome to what's next. comcastnbcuniversal. [ticking] >> south american thieves have been sneaking into the united states using phony passports and visas since the 1970s when informants used to talk about a now defunct college for thieves called the school of the seven bells. >> what it involved was actually, they would dress up a mannequin, and they would attach sleigh bells to all the pockets. for the student to be able to graduate, he actually had to lift a wallet from a

i'm derrick chan of fidelity investments.econd trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. ♪ >>> the robots are coming. this was tim's request, by the way. it's all tim seymour. >> i am hoping i can overcome that show for the rest of the show. that's styx. love you. but not that one. >> b.k. has an interesting chart from bank of america that outlined the use of robots in the workforce. this is something we know. but the numbers are staggering. >> how we know it because there's a documentary called "the rise of the machines" that somebody did. >> that sounds brilliant. >> that's what struck my eye here. this was interesting. when we talk about productivity being low here in the u.s., perhaps a change in the economy, this shows you what's going on. manufacturing employment has gone down over the last 10 to 15 years. and machines have just completely taken over. and we know that to be true just from anecdotal evidence. here it is in gra

i'm derrick chan of fidelity investments.-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. [ car alarm chirps ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze, and recondition each one, until it's nothing short of a genuine certified pre-owned mercedes-benz for the next new owner. [ car alarm chirps ] hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through february 28th. >>> 2014 is a very special year here at cnbc, because it is our 25ble anniversary. so to mark the occasion, we're looking into our crystal ball to see what the next 25 years will bring. looking at the ultra wealthy what they might look like in 2039. what have you found? >> the global 1% of 2039, from many more nations than now and essentially nationless. we get an idea from marketing cloet heir calling them the global tribe. discoveries, a marketing firm that doe

i'm derrick chan of fidelity investments.ution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. is your tv powered by coal? natural gas? nuclear? or renewables like solar... and wind? let's find out. this is where america's electricity comes from. a diversity of energy sources helps ensure the electricity we need is reliable. take the energy quiz. energy lives here. >>> wildfires still burning across 1700 acres east of los angeles. officials say the fires are about 30% contained, and at least some of the thousands of residents forced to evacuate are slowly returning to their homes and their businesses. jane wells joins us again live in southern california. >> reporter: the red flag warning that was posted yesterday has now been extended through saturday here as we continue to have these dry windy conditions. fortunately for the fires, if you look at the video, the firefighters have done an amazing job, mixed with a little luck, in containing that and kee

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i'm derrick chan of fidelity investments.-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. sorry to interrupt, i just want to say, i combined home and auto with state farm, saved 760 bucks. love this guy. okay, does it bother anybody else that the mime is talking? frrreeeeaky! [ male announcer ] bundle home and auto and you could save 760 bucks. alright, mama, let's get going. [ yawns ] naptime is calling my name. [ male announcer ] get to a better state. state farm. [ male announcer ] get to a better state. at a company that's bringing media and te

i'm derrick chan of fidelity investments.ur one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> let's get back to the market. welcome back to post nine. bob pisani is here on the floor of the nyse at the post with me. we were down 230 points about, now we're down 112. >> that's right. the important thing about the s&p 500, let's take a look at that, we were at our bottom just after the open. often, people will come in and watch what happens at the open and if we just keep drifting lower into 10:00, 11:00, it gets notably worse. once you see a little bit of bounce, it stabilizes, a lot of people come back in, we had a very good close on the european close, germany moved to the upside, but didn't close i

i'm derrick chan of fidelity investments.-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. (voseeker of the sublime.ro. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. lease this 2014 cadillac srx f

i'm derrick chan of fidelity investments. your fidelity account today. [ man #1 ] we're now in the approach phase. everything looking good. ♪ ♪ velocity 1,200 feet per second. [ man #2 ] your looking great to us, eagle. ♪ ♪ 2,000 feet. still looking very good. 1,400 feet. ♪ ♪ [ male announcer ] funny thing happens when you shoot for the moon. ahh, that's affirmative. [ male announcer ] you get there. you're a go for landing, over. [ male announcer ] the all new cadillac cts, the 2014 motor trend car of the year. >>> welcome back. so during the same week that some of the world's wealthiest individuals gathering for the world international forum in switzerland. oxfam released the top 85 richest people. oxfam is concerned that such a concentration of wealth could have an adverse impact on human progress. are they right? want to bring this one open up to our panel for discussion. and i guess the question comes down to this -- is this -- are people being rewarded because they are creating wealth that the entire planet benefits fro

i'm derrick chan of fidelity investments.ne-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. i nethat's my geico digital insurance id card - gots all my pertinents on it and such. works for me. turn to the camera. ah, actually i think my eyes might ha... next! digital insurance id cards. just a tap away on the geico app. could save you fifteen percent or more on car insurance. everybody knows that. well, did you know that when a tree falls in the forest and no one's around, it does make a sound? ohhh...ugh. geico. little help here. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. nwas the most watchedage

i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. [ female announcer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. >>> welcome back. president obama is set to deliver the annual state of the union address this evening, and sheila has three themes investors should keep a close eye on tonight. >> that's right, kelly. and the number one thing to watch for today, energy independence. market watchers say any favorable talk about energy independence is a plus for the producers and refiners. look, the president may talk about wind emerge

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i'm derrick chan of fidelity investments.ecution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. there's a new form of innovation taking shape. at a company that's bringing media and technology together. next is every second of nbcuniversal's coverage 0f the 2014 olympic winter games. it's connecting over one million low-income americans to broadband internet at home. it's a place named one america's most veteran friendly employers. next is information and entertainment in ways you never thought possible. welcome to what's next. comcastnbcuniversal. >>> welcome back. about eight minutes left in the trading session here and the rally continues. just coming a little off the highs here, but we're almost positive for the year now for the major averages. let's see, yeah, the nasdaq is still the best performer to the upside today so it's about a 13-year high for that right now and the dow is up 111 points. joining me is steven reese from jpmorgan private bank

i'm derrick chan of fidelity investments.ng fidelity. call or click to open your fidelity account today. of the dusty basement at 1406 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall off roble avenue. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ afghanistan, in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. >>> let's get back to our guest host david rubenstein who has the last word for us. real quick,

i'm derrick chan of fidelity investments. reason serious investors are choosing fidelity. call or click to open your fidelity account today. that it's given me time toabout reflect on some of life'seen biggest questions. like, if you could save hundreds on car insurance by making one simple call, why wouldn't you make that call? see, the only thing i can think of is that you can't get any... bars. ah, that's better. it's a beautiful view. i wonder if i can see mt. rushmore from here. geico. fifteen minutes could save you fifteen percent or more on car insurance. of the dusty basement at 1406 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall off roble avenue. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ >>> let's get down to the new york stock e

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i'm derrick chan of fidelity investments.ion is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. [ tires screech ] [ car alarm chirps ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze, and recondition each one, until it's nothing short of a genuine certified pre-owned mercedes-benz for the next new owner. [ car alarm chirps ] hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through february 28th. ♪ time keeps on slipping slipping slipping into the future ♪ >>> welcome back to "squawk on the street." our roadmap begins with the markets. dow's down 200 as the averages are on track for their worst month since 2010 and the volatility continues. >> the stocks are down a couple of big tech names stand out this morning. amazon is slipping after its earnings missed estimates but google is rallying and hitting new record highs. >> chipotle another big mover surging

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