was using etf's.ning me now is eric balchunas. two things that you noticed in the survey you say are indicative of a bright teacher for etf's. what are those two things? who use schwab are early adopters, self-directed types, fairly wealthy. what happens here will probably sprinkled down to the rest of retail ultimately. two numbers stuck out. etf's as the primary investment jumped from 37% to 42%. that is a huge jump in only a year. that means they are repeat customers, a good sign. people are using them, having a good experience, and coming back. they are also majority long-term investors. that means they feel comfortable putting their nest egg into etf's. you also saw millennial investors, by far the biggest generation using etf's. the older you are the less likely you are yo to use them. ton ofial don't have a money now, but they will get richer, they will inherit money from the boomers. that is to the viewer rising tides to me. julie: when it goes to a 40% from a 30%, what are those etf's replaci

etf's.se responsible your returns are probably going to differ a lot of it from the s&p, but those are also big lou chip stocks, so you will be close to the s&p. one type of company that will not be in there is tech. you will definitely have market exposure without any tech. tech is huge into democratic candidates. even the manager admits this will probably a techless etf. abigail: i have to say, it seems like more of a marketing strategy. can you talk about any other ones? up a news will open category. we had the republican policies etf. etfe is even a tax reform coming out, which i'm sure they are trying to rush through, given the tax reform is now front and center. these etf's, the democratic and republican policy etf's are different, because the other ones are trying to exploit policy. both oftively managed them, and they want to invest in companies that will benefit from republican or democratic policies. that is not that outrageous. if you listen to bloomberg, you will hear what his po

guest: what we are starting to see with the rise of the manic etf's -- thematic etf's, we are sayingwith lithium. we are seeing it with other etf's, robotics and artificial intelligence. people are looking at future growth and they are concerned that they see these technological themes starting to emerge. joe: i want to know more about the etf structure but one more question on the lithium market. how elastic is the supply picture? prices surging and capitalism said that will cause more people to mine lithium. is that available out there? guest: there is plenty available but it takes time to get it out of the ground. it takes a few years from producing to selling. people produce it by evaporating huge ponds of water and you are limited by the speed of evaporation. joe: obviously an incredible year and we just showed this chart. people who it believe in the lithium story and how much of this is this is a hot etf and i want to jump on it? guest: the etf world is hard to tell. in the mutual fund you see who is buying it the etf fund is hidden. we see foreign investors are buying it for

that long list very infrequently will have etfs yes, i have a few, but very few compared to the ideaf individual names that i think will outperform. >> i think one of the things you're saying is, look, you have this great company that's being sold off if that company is strong fundamentally, has a strong balance sheet, can increase its earnings in the next two or three quarters, it will rise out of the dust. >> even if it's 25% held bypass i've funds >> in the short term, yes, it will sell down but that's how it distinguishes itself because its earnings growth is good. >> while the major averages have been hitting new high, volatility is still under pressure vix back below 10. but don't tell bob pisani that low volatility means the market is boring. here is here to tell us why and look at some of the moves that are happening under the market's surface. >> i get so many complaints about this low volatility, brian. the low market volatility. it's making some investors a bit crazy. just look beneath the hood i try to tell everybody and you'll show a market showing very healthy rotation

we have seen this for the regional banking etf kre. this matters is because we had the trump trade back after the election, but now we are seeing this dive back, the last time we saw this death cross, the all in decline was 30%. we can basically see the entire election rally reverse. right now we have this regional banking index or etf down about 9% on the year. on paper its worst year since 2009. perhaps not the best barometer or tell for what could be ahead for the markets. abigail plane to the

of top 10p on my list etf cash incinerators. two gold miner etf's made the top 10. to give you an idea of what you're dealing with. julie: even so-called smart this.got burned on what has green light done aliasing volatility? eric: they have held gtx for about eight years and beat up their position. wrapups over ace couple months but is down that much. take away is hedge funds cannot time in -- julie: is there a better way? is there a smart data tool? to track these todd: one is ring -- eric: what is a ring. they try to give you a concentrated play on gold miners . gdm.ave s this checks will these are hugely popular. nowhere is leverage more popular than the gold miners area. this stuff puts that going to shame. mark: attorney general jeff sessions said to announce the trumpet ministration is going to -- the trump administration is going to put the brakes on the backup program -- the daca program. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a dat

up next, etf slows in the u.s..ging, already passed the total for the entire year last year. are we seeing a bubble? we will put that to blackrock's mark wightman, next. betty: good morning. i'm ready liu in new york. haidi: and i'm haidi lun in sydney. products have been surging, $30 billion in august alone, and now more than 40 billion -- $400 billion for the year. that is for all of 2016. mark, should we be getting nervous at this point? seeing at thisre point is that clients are finding a cheaper, more efficient way to buy whatever they want. equities,nt u.s. japanese equities, they are fighting a cheaper way to buy, and that is why the growth rate has gone from 15% last year to over 20% for use of etf's. it is a way of accessing markets . the underlying exposure is what the clients really want. it's like using amazon prime. you buy the milk there because you want the milk. haidi: are you seeing this as a global phenomenon? we have looked at the global challenges etf's take up elsewhere around the world. where w

it is time for etf smart data tuesday.ie: vanguard could soon disrupt another pocket by launching its first actively managed etf in the u.s.. joining me is eric balchunas. when is this happening and what exactly is vanguard launching? eric: the when is probably by the end of the year. the sec is moving along the filing and looks like it will .aunch the what is probably four active etf's three at the first active etf launched by vanguard. a few things you need to know, they're going to be looking like -- they have active etf's in london in canada. run by their growing group inside vanguard which is internally managed. it's going to be factor-based active. momentum, volume, minimum volatility. a lot of things we talk about, except they will have an active manager having final discretion over them. that is what makes them active. other vanguard etf's -- mutual funds that are active, the fact that they are run by their quant group, anything then card does is a big deal. they usually get a lot of assets when they launchpad. --

i know people love etfs.he industry talk about how you can eliminate single stock risk by participating in one of these. i can still recall the first time i heard about this single stock risk it was about enron a company that went bankrupt because of corrupt accounting. what did enron really do it defrauded investors because it was a corrupt company run by corrupt people i don't have a solution for that kind of individual stock risk. but the concept took root, but more investors have wanted sector exposure because they thought the sector was going higher again, ifind this reasoning to be circular. you want to be in a stock because it's the best name, you don't want to be in a group of mediocre stocks that will pull down the higher stocks what's going on here this eff-ization is part of the financial industry to find something that people will invest and trade in at a time when individual stocks have lost appeal so there are etfs set up to take advantage of every single trend, cyber security, biotech, retailer

as for etfs in most cases these vehicles are trading not investing so i don't like them many etfs weance every day, and that could take a toll on the long-term performance. the gld is what i like to play for gold but in general, if you're not a pro and not managing a portfolio of individual stocks and not day trading every single day, you probably shouldn't be fooling around with the etfs either. a cheap index fund is better than the bulk of mutual funds. an index fund owns everything, the good, the bad and the ugly if you do have the time, i think you can beat the performance of an index fund by picking stocks yourself, which is the entire reason i do this show every night. if you don't have the time, though, don't overthink it just one cheap s&p index fund is indeed the best way to go. mary in maryland mary >> caller: boo-yah, jim! i started listening to you a while back then i started buying stocks on your advice. >> thank you. >> caller: now i'm looking at my portfolio here, and jim, jim, my eyes have seen the glory so i want to give a little fancier and perhaps buy some china st

attractinghium etf, battery producers and miners. these are the fastest-growing etf's. internet etf. these need to think to go out of oblivion, a good performance story, and a good story story. people need to understand why it's going up. robotics, easy to understand, robotics, lithium batteries. you can go from nothing to actual legitimate volume. let's talk about bitcoin. a lot of people want to have a bitcoin etf. south korea today said no more initial coin offerings, like china. eric: there are now eight issuers that have filed for bitcoin etf. there has been this whole slew of new issuers trying to file for bitcoin futures. the cboe said they would try to list them. then the sec said, wait till the futures trade before filing. that is how hungry people are to get a bitcoin etf. the winner of this race is probably be very deed in billion dollars in assets. it is probably as close to a sure thing. alix: you like bitcoin etf, chad? chad: i would stay away. i think everything is getting a little too rambunctious with lithium, bitcoin. short bitcoin a etf, so you can go

etf's.raceity didn't passive vehicles as aggressively as vanguard did. or blackrock. you can get etf's through fidelity, but fidelity hasn't become a big sponsor of passive vehicles and etf's. scarlet: it is doing it for defensive reasons? >> they have to. i like that he sees the value in an index product for certain investors. but sees it as a problem for the market on a whole in for investors who are looking for something beyond beta. the market is relentlessly moving up and it is easy to get behind passive investing is everyone is making money. when the market turns around, how are people going to feel? that is when that you managers like joel -- value managers like joel -- >> are coming to their own. he says you are buying a slice of ignorance. >> or fraud. julia: managers that put you into this slice of ignorance. really punchy comments. one of the ine most articulate defenses of active management you have ever heard. to say it is a slice of bad management or overvaluation. julia: one o

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most etfs only track a benchmark. flexshares etfs are built around the way investors think.jectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. throughout my career, i've been fortunate enough to travel to many interesting places. i've always wanted to create those experiences for others. with my advisor's help along the way, it's finally my turn to be the host. when you have the right financial advisor, life can be brilliant. ameriprise >>> welcome back to "fast money. time for everyone's favorite segment, the fast pitch. the traders here on the desk will vote on whether they're buying the pitch >> i'm talking about andarko i want to tell you why i'm buying it. it's a contrarian play, for upgrades in the last few days. the stock was up 7.5% today. deutsche, wolf, citibank a

the defense and aerospace etf itself rose about 4%. but north korea isn't just an issue that wall street is watching. our allies in south korea are watching. our chery kang has more. >> reporter: north korea's foreign minister told reporters that north korea could test its hydrogen bomb in the pacific ocean in an unprecedented level. now, this is according to south korea's news agency. to put this into context, the foreign minister of north korea was asked by reporters about what kim jong un meant by, quote, the highest level of hard line measure in his statement that came out in his reaction to the trump speech at the united nations earlier in the week. now, north korea's top diplomat did add that he did not know kim jong un's exact thoughts. north korea conducted six nuclear tests so far, and all of them have been done out of underground tunnels in its territory. kim jong un earlier in the day criticized the trump speech, saying that it did not help defuse tension in the region, and added that u.s. president president trump was, quot

, we're also talking about sector etfs, right >> yes. >> so if money continues to flow in the sectors that are working and shuns those that aren't, we're really seeing sort of the first derivative of what is the effect of momentum investing and sort of retail, and as we all know retail will chase by and large when they are making what works as opposed to those that buy the s&p 500 index. >> so the qs index -- >> which is what they should be doing, by the way. >> going back to scott's question about the market overall. >> do we have to >> yeah, we have to, but you're a hedge and you're a bottoms up. >> yeah. >> just look at valuation for a second or forget the word valuation, but in terms of what's in place and where you're going to go on a relative basis versus equities. you've got negative rates some place and basically rates near zero every place else and you've got this overused term, but accurate nonetheless of a synchronized global economic expansion where everything is moving up, so why can't stocks continue to go and then i agree with you trump's done nothing to make the market

not be as good as what you expect from the etf.f distress if you need to get out, you may not get out as quickly or at the level you want. >> what would be faster if you want ultimate liquidity. >> bit counscoin itself. >> thanks, good to see you >>> want to bring live pictures from port arthur, texas. the region got battered by hurricane harvey however, the sun is out today. rescue and recovery operations are under way. this is video from a boat traveling on what used to be streets. now the waters are high even as we watch them recede the sun is finally shining down there. >>> the $15 billion industry driven entirely by children and their parents. talking the booming business of youth sports, how it is taking over dollars, some argue common sense as well. >>> first to today's bond report rick >> anybody likes to watch this market, ten years of treasuries. here we are at 215 last night we had the low close under 213. but the market is acting heavy here, and that's catching some traders off guard. you look at year to date chart, som

let's go to etf distributors. you're not a jets fan? >> no. connell: giants fan? just as bad. >> cowboys. connell: come on. >> see that is wrong. i am a jersey kid though. i lived in texas for a long time. connell: nicole is saying, market, one. things you talked about earlier nothing seems to shake it up. i know we're flat today. you get north korea, whatever it may be wants to go up. >> volatility is nine, trudges along, blows through all the bad news. there is a lot of strength. first two quarters were terrific on earnings. gdp will increase, potentially above 3% for first time in long time and up employment is low and overall attitude is good. connell: warren buffett says we could go towards who knows when doesn't it feel a bit much? you say the numbers don't -- >> averages are permanent and declines are temporary. market eventually over time goes down but eventually it foes up. i don't see complete euphoria. when you see euphoria you worry. there is respect of risk in the market and fear, that is good underpinning for it to keep going. connell: you like micro

crude oil up 3% almost the gold mining etf, gold prices soaring here that vehicle tore etf is up 1.5% and also bonds u.s. government bonds as well. keep an eye on safety trades, they could be themes if we get steam in the pressure. >> north korea fueling fears and congress back to work after the summer break september is typically historically not such a good one for stocks let's bring in brian belski, randy warren is chief investment officer of the warren financial service. gentlemen, welcome brian, let me start with you you can take the historical pattern here in september and say it's historically not a good time this september you would have to say there is an awful lot for investors to process. >> there's a lot to process. >> how do you do it? >> welcome back to work. we've missed you volume was about 30 to 40% lighter this august relative to what we've seen in history it kind of sets up for what we would believe could be a volatile september, you're right. if you go back to 2011, we had issues with the super committee and debt rating. 2013 we had the government shutdown then you

sure enough, when the etf only bottomed it came just 16 days after its previous high.rd, she also noticed some price semi century in previous down moves there were previous declined that lasted when the xle bottomed and come down $5.33 from its previous high it fit the pattern when all these key parameters were tested on august 21, the stock bottomed broeden conbe 100% sure the stock would change at that level but chef able to inspect the possibility by observing and analyzing the etf's pass behavior she wants to make sure the same thing happening with nvidia. we see how it works and applied the bottom, now we're apply all the stocks to nvidia unfortunately broedensays she' observed similarities to the reversal she caught. first nvidia's already made a 127.2. the dechange terminated this level even though it was temporary. brody says rallies tends to terminate extensions that means a pull back in nvidia has become more likely second, there's the issue of time in the recent past nvidia's longest rallies have lasted for 25 or 29 trading days before this stock got hit wit

we also have a partnership to have a full range of etf's, some of them are proprietary etf's, some arer goal is to have everything that someone could reasonably want on our platform, and make it available to them in a way that is most value added. david: you mentioned low fees, good service, but what do think investors mostly want? low fees, good service or high returns? abigail: everything. [laughter] they want all three and you better be doing more of every single one of those every year or you will find yourself behind. because every year, i tell everybody because it is what i hear from our customers -- give me more, and give it to me for less money. david: who manages your money? does fidelity manager money? -- manage your money? does that person get nervous because you are the ceo? [laughter] abigail: i think part of my role as the ceo is to also experience the company has a customer. i do have a couple of representatives who work as a team, who call me several times a year and take me through the portfolio. we talk about what is going on with the different funds that i am investe

because if you just sell an etfs, and you're dumping etfs and say all retail is dead and let's justnd if you're in it retail or otherwise, your stock may go down regardless of how you're executing. you could be the greatest management team in history and because you're in a bunch of etfs that everyone else is selling. >> walmart would be the biggest in the etf and walmart is doing well this year >> there's the other side to that >> theoretically -- >> someone just shrieked over there because of the eetfs. >> i don't think management matters anymore. not much >> interesting >> interesting conversation. >> there will be more to talk about. this is not over >> thanks, court >> let's get over to sue herera for the headlines. >> thanks very much, melissa here's what's happening at this hour, everyone house speaker paul ryan telling reporters that republicans will soon unveil their plan for the first major overhaul of the tax code since the reagan presidency >> this is the beginning of the process. it's the beginning of a very important process, and overhauling our tax system and giving m

flexshares etfs are built around the way investors think.the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. >>> with the first topic, facebook claims its ads could reach 41 million americans the census says there's only 31 million such people. julia, these numbers don't add up >> the numbers don't add up, and pivotal researcher released his report on this today he said the numbers will frustrate advertisers, they'll probably go ahead and spend a lot of money on facebook, but this could provide opportunity for television, to show how valuable their ads are facebook pointed out that their estimates don't actually impact how much advertisers end up paying, but reach estimationses are based -- >> location data from devices and other factors, they're designed to estimate how many

it is time for etf friday.gail: joining me here is eric balchunas, senior analyst with bloomberg intelligence. i know today you want to tackle the topic of these relative to etf. i worked on the asset management side for a number of years, spent some time with an investment advisory firm. the constant pressure was that these fees are so tiny. some of the smarter potential clients would talk about, why are we going to pay you? is this the great cost migration you have been writing about? eric: that is my big, fancy term for the downward pressure on fees and funds. we have seen etf's, index funds drive down fees consistently. it is being driven by advisors, they are the ones who are driving the cost migration. they just want the cheapest possible products because now they are fee-based not getting commissions. so it's in their interest to go to the cheapest funds. 90% of all flows into passive are going into products that charge less than 20 basis points. this is hurting asset managers. they don't know what they

. >> we mention ed at the top, yo s and your third choice is another etf that goes urn the ticker, eusc. i gather that means small caps. the fact is last year it grew faster than in 1998. we like the tail wind there. monetary remains vibrant and as it relates to their domestic economy, unemployment continues to trend down. small caps that are more dm dmesically oriented or going to benefit better. >> your first pick was the homebuilder etf. is there any storm inl im pact positive or negative on that index because of hurricane irma. >> there was a threat early on related to the homebuilder larg around the texas region. through the rebilling proces after it. in the aftermath, we're going to see activity resume back to trend. >> mark, thanks very much. have a great weekend. >> coming up, our cameras were there when teams of police officers fanned out across one of the nation's busiest airports to protect you from what they consider a >>> hartford, connecticut is warning it could file for brufsy. the mayor says the city will be unable to meet its financial obligations in about 60 days witho

on a conversation i had with block rock yesterday, where they have had inflows of $175 billion into etfs year-to-date. it's a staggering number and how much does the deterioration and market breadth have to do with the indexification of investing, meaning renting markets over the short run. market cap-weighted indexes tend to do that, right? how would you react to that and then we can get the question >> it's a great point. in fact, our strategist has talked about how index and etf flows have really caused a spike in the correlation of peer group stocks, stocks in the same industry groups. something umpbt seen in a long time he says it's unsustainable so i think it's created low vix now, but it's creating the potential for a huge spike in volatility i think it's generally positive, this etf development i think it's good for active managers, because it's easy to beat an index, when you know what the strategy is, which is it's essentially buying a market cap weighted basket of stocks. >> let me switch the conversation to another spread, so to speak. and that is the spread between twos and

you said it would be to attract etf investors toward your stock and maybe delinking from the price ofd. is that still on the table? >> great to be here. we are still assessing it. we are going through our budget process for 2018. as we go through that, we are look what projects we have in our pipeline. he done a great job getting our debt paydown. we don't have any major payments coming up for a while. it will be in december that we will come up with our guidance for 2018. with that, we would provide an update on our dividend policy. we are looking at the options. is tole: if the purpose lower investors away from etf's, does that suggest you are more willing to protect the dividends, even as prices are falling? >> today, we are paying about 18% dividend yield. when we look at what our potential is to increase that, attract other investors, today, if you own an etf, you can zero dividend. right now we should be attractive, so reaching out to those investors and others you might like not only a good quality gold company, but one that can pay a consistent dividend. danielle: western aust

can you please tell us the difference between index funds and etfs and give us a couple of examples >> there's not much there. i always default to what warren buffett says he says buy the vanguard index fund, the lowest cost fund i just want to go with warren buffett, the greatest investor why? well, warren buffett, what am i going to do, argue with him? >>> no more excuses. i'm helping you form the necessary investing strategies you need at all stages of your life tonight, from young to old. i'm going to meetyou where you are, and take you where you need to be. on "mad money" tonight, we're kicking things off by beginning in the crib. here are the two stocks you should be buying then teenagers typically have a lot to learn there's an important investing lesson everyone can get from them >>> plus from your 20s to golden years, where your money should be sitting at any age. stay with cramer >> don't miss a second of "mad money. follow @jimcramer at twitter have a question? tweet cramer at #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss someth

have time for it to play out. >> i definitely think you want to stick with it first of all, with the etfhinks like put spreads are the way to make the play the down side puts tend to be more expensive at least on implied volatility so i'd stay with that. >> just like what dan said the chart is broken. fundamentally they're expensive. >>> up next, your tweets and the final call from the options pits i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. hthis bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? a

today, etf trading at 36.50.uy the october, 37, 36 foot spread, buying one of the october 37 puts at 65 cents, selling one of the october 30 six puts at 25 cents the whole spread costs me 25 cents. >> so the xhb hit a high on tuesday but has since pulled back dan, what do you do? >> this trade is a tough one, basically a bust here. we talk about these directional trades all the time. you have to get a lot of things right. first and foremost, the direction, the magnitude of the move, and timing i got the direction so wrong on this one that it's really going to be hard to make up that ground, even if the stock or the etf were to come back in in the next couple of weeks at this point, you leave it on, it's a bit of a lotto ticket, but it's a bust. >> carter? >> it didn't make the high, or it made albeit barely a new high if one were to look at it fresh and new, all the things you were thinking are in effect, there is every possibility the xhb here and housing in general and downside risk. >> reallyquickly, there's n

we're all in agreement on the desk that this is not a great looking chart of this etf. so when you think about rates going up, you saw how some of these stocks that actually had decent yields performed. i think you want to stick with this and just remember, this was a put spread i was targeting 50 on the downside i'm not expecting 50 i have some time for this thing to play out. i'm going to keep with this one. >> i definitely think you want to stick with this with the etfs, things like put spreads are the way to make the direction play they don't have the idiosyncratic risks that single stocks too i would definitely stay with that trade >> just what dan said, the chart is broken. fundamentally they're expensive. what's the upside potential? it seems very limited. >> up next, your tweets and the final call from the options desk i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize tha

there's an etf that tracks this. it's the ishares msci quality driven etf this is a factor-based etf that invests in large and mid cap stocks in the u.s. that have those quality factors. it's identical the performance so far in times of downturn this year, that high quality stock held up better also look at the overall picture for when these things could be a risk scott clemens says look for the corporate profit picture if those things start to turn that could be a bad sign also check out what's happening with investment sentiment. because those investor sentiment numbers could be contrary indicators, when people get too bullish it may be a signal things are going down further and check out leading economic indicators those are always things to watch out for. >> gold has had a good run already. one surprise for being late cycle is that volatility is still relatively low which means options, puts and calls, not as expensive as they might be >> they're not as expensive. one thing traders are look at is cash secured put

albeit barely, but still here too, lagging let's go again, here is the s&p 500 pure growth etf.is a growth stock this has lagged as well. i think there's an opportunity here let's look at the charts a little bit of data this refers to what i was talking about. i'm not sure we're moving. you saw that let's go forward again there we go. all right. take a look at this. got some lines coming. that's a heck of a setup so the presumption is a breakout from these well-defined tops i think that's an opportunity. we close at 163 today. take a look at where the stock is in relation to the five-year channel. it has been just in the middle were we to get back towards the highs which is every distinct possibility, you've got 10, 12, 15 points. it's probably the earnings that does it. i want to be long on home depot, i like it. >> mike? >> i'm trying to take advantage of some of the same numbers. i have a feeling that whatever happens in the meantime is likely to be gradual they've gotten a little bit of a bounce because people are talking about a pop due to home improvements going on unfortu

the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp hey, i'm the internet! ♪ i know a bunch of people who would love that. the internet loves what you're doing... ...so build a better website in under an hour with... ...gocentral from godaddy. the internet is waiting. start for free today at godaddy. we've been watching people take debris in the air bringing it over here to the downed power lines. it was yanked out of their bases. they were describing on that post parking. specifically as it pertains to electricity. what the entire island will likely endure for months. no air-conditioning no lights. officials say it will take at least four months to get the lights back on for the entire island 3.4 million residents. it is strengthening is strengthening over warmer water as it heads towards turks and caicos island. they had reached havoc on the energy sector. executive d

. >> just a quick one for you here take a guess how many etfs that were in 2002 i'm not demonizing etfs. take a guess how many. 110. now there are over 1800 etfs volume in 2002 as a dollar value of the market traded was under 2% now it's over 30%. so when you've got those concentrations like that, scott, it's not as surprising to see it compress volatility like we have over the past several years. >> so why -- i guess the question, why such little volatility >> part of the story is an incentive change in the wealth management and investing industry that's pushed people to become longer term in nature, even post crisis especially, to do a lot less trading and, you know, when you've got indexing movement. now inxes are 38% of all the money that's managed in the country, it's an extraordinary number back in 1995, the period i was just referencing with very low volatility, understand that the van guard 500 index fund, which was the largest at that time, that's preetf was only $12 million in assets. now it takes in $12 billion every two weeks. so you've got people behaving differently and pe

one trade in the s&p energy oil and gas etf caught my eye.e was three times that of calls today it was largely in one trade when the etf was trading 33.73. a seller too close to the 22,000 or so at 37 cents and they rolled the premium up to the december 33 puts paying $1.43. those break even at $31.37, that's down 6.5% from the trading price. obviously we have no idea whether that is an outright or someone is rolling the strikeup closer to where the stock is trading or some sort of protection one thing that's interesting, we were just talking about the price action here. look at this well-defined down trend. it's up about 17 or so% from that low just last month which is pretty interesting. here is the five-year chart. when i think about rolling and strikes, pete looks apartment this stuff closely too 29 was the prior low in the summer 33 now is very near where this kind of break-even is. i think that's kind of important to keep an eye on. then just one last thing, we know the vix is trach at 10, option prices are relatively cheap. the price o

you just need to invest your money in a low-cost s&p 500 index fund, or etf, commissions there then yout. granted you're waiting 40 years. $450,000 when you're approaching the age many people retire seems more than the initial $10,000 investment you made when you were young and had your entire work life ahead of you to make money the regular way. so, please, i'm begging you, think of it like this. a little money saved and passively invested in the stock market is the easiest way possible when you're young to turn -- turn into a massive fortune when you're old. and i have all sorts of additional costs and responsibilities. have all sort additional costs and responsibilities.have all sortsa costs and responsibilities all you have to do after you initially save the money, let it sit on the sideline, so you don't have to pay capital gains or dividend taxes on your gains. same logic applies if you're 30, 40, even 50. you get a lot more bang for your buck if you start younger which brings me to the bottom line, even if you don't have time to do homework, the stock market is still the best too

you brought another chart that shows emerging market etf with the bloomberg dollar index.ough this chart? the lessollows under words, more pictures category. we can see a clear downtrend in the blue line in the u.s. dollar index. the inverse correlation between the u.s. dollar index and the eem,ging market equity etf, the correlation is about 85%, the inverse correlation. to the extent you expected dollar weakness to continue, i would expect bullishness in the emerging market etf and emerging market index we just referenced. i do expect dollar weakness to continue. we had a breakthrough -- breakdown in the index from the 90 level. i believe that will fail, the dollar will continue to lower. abigail: interesting. probably the biggest tailwind has been the fact we have seen ultra low rates out of the fed. i know we have another chart for you to take a look at that shows an emerging market debt index against the 10 year yield. can you talk about this one? the 10th -- steady decline of the 10 year yield in the u.s. represented by the orange or yellow line here. i am of the opi

one of the things they play is the etf market sdmrz etfs are very sophisticated. allow rates to go up the effs and we're an etf firm, there is an extra layer of liquidity added to the markets the treasury curve is so flat, but the corporate credit has an opportunity to diversify >> gentlemen, thank you both for your time today. >> thank you >>> coming up, hurricane irma leaving a wake of destruction. we're going to talk to some industry analysts and try to shed some light on that. plus, we're getting ready for today's seventh annual alpha conference it's a who's who of the investor community with huj fund titans, private equity giants and top institutional investors offering rk ainheportunities t maetnd some of their best ideas. stay tuned you're watching "squawk box" on cnbc thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. not rebalancing your portfolio.

on the etf side, pretty much 80 or 90 krencents going in are gog into products with less than 20 basis points >> we've seen fees in the fancy stuff, triple leverage type. i think those are the ones where you are not seeing as much volume and you will see big volumes are in the diamonds, qs. >> van guard >> but what ultimately could be the problem, people are buying instruments i think they don't understand i think we have to return too to more than transparent investing. it got us in trouble when we didn't understand. >> what if the dollar actually starts to creep back higher? >> well, we think the dollar will creep higher because the economy is improving and we need to rebuild stuff in our country again. so that is why in the material space we like the papers and some of the steel and aluminums. and plus remember when you are running a portfolio, materials are 3% of the u.s. market. so you can have a pretty decent tracking and be a little above 3% with respect to industrials, industrials have benefitted in the fourth quarter last year because of the domestic revival, but this year we'

we also have a partnership to have a full range of etf's. some of them are proprietary.e of them are not. everything to have that someone could reasonably want on our platform and make it available to them in a way that is the most value added. mark: kurds choosing independence in this historic referendum. turkey might close the valve on oil exports. --t has been the threat of ahead of the referendum. live pictures. we will continue to monitor oil here on bloomberg markets. this is bloomberg. ♪ mark: breaking news, iraq's kurds voted 92% in favor of independence. it's a historic referendum which has implications for the oil market after turkey threatened to close the valves on oil exports from iraq to the kurdish region. more than 93% of voters approving the referendum for independence from iraq. we are awaiting some big data from the u.s.. oil inventory data. showing an unexpected drop in crude oil inventory. was in line with the industry data we got last night. some analysts were skeptical the government data would indeed confirm it and it has. a drop of 1.8 million ba

back in a moment most etfs only track a benchmark.ital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. >>> irma is now one of the most powerful atlantic storms in recorded history, making its way across the caribbean towards florida. jackie deangelis is live in fort lauderdale where preparations are under way. >> good morning, joe as you can expect people are certainly bracing for this storm. at this home depot they are loading up on supplies when this store opened at 6:00 a.m. they had just gotten a shipment of generators that literally flew out of the door in about 15 minutes. and these are big ticket items they're a little bit less than $1 $1,000 each. we're waiting for another shipment to come in. about another dozen. we're also running out of things like p

we have seen this for the regional banking etf kre.ause we had the trump trade back after the election, but now we are seeing this dive back, the last time we saw this death cross, the all in decline was 30%. we can basically see the entire election rally reverse. right now we have this regional banking index or etf down about 9% on the year. on paper its worst year since 2009. perhaps not the best barometer or tell for what could be ahead for the markets. abigail plane to the judge. what do you have? julie: i don't have any death cross, but this is a timely chart. it is about equifax. three executives at the company selling their shares or selling some shares of the company. that was on august 1. we now have this big drop in the that 143his revelation million people's data might have been compromised. you can see this insider sales, and this shows the now 15% or so drop we have seen since the executives sold. a spokesperson said the three sold a small percentage of their equifax shares and had no knowledge that an intrusion had occurr

. >> there's this etf -- there's this notion you can give your money and do it by algorism. can individual stocks make a come back? >> i think so. i think 86% of america is not invested in individual stocks but the market it's horrible because the last 8 years, right, the tied had been rising, stock market's been doing well but most of us don't feel rich because our ships have been in dry docket and not in the water. to get into the market i think the easiest point of access is to invest in something you know, something you love if you're an apple fan start investing in apple if you're a nike fan or sports fan invest in that that's the onramp, we have many lessons in our apple that start to teach you to diverse fie, looking into etfs, start investing in other countries >> well, it's the essence of what we try to do on "mad money" that's why i'm so glad you're on the ceo of stockpile fractional shares, get the kids interested and stick with cramer tripadvisor's freshest, lowest... ...prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantl

whenever you get a slowdown you see it immediately the etfs, sheet easily a nasdaq internet etf, qnetbly, downside. chinese internet stocks had a notable down, crane stocks solar stocks have been on fire recently they sold off today. lithium stock, there's a lithium etf, lithium batteries that sold off as well. se semiconductors, smh on there, semiconductors, also to the downside dow leaders, the worst performing stocks of the year in the dow were the leaders and have been for a while. general electric down more than 20%. >> back to work. >> exxon has been back, chevron back ibm generally had a terrible year it's back a little verizon which didn't have a very good year has been a minor leadership group recently. finally just to note, mike, apple down 1%. but if you look at some of those components manufacturers over in taiwan and hong kong, they were down rather noticeably, foxconn, of course, the biggest contract manufacturer in the world, these are numbers over in taiwan catcher and pegatrog, computer component designers. sunny optical, most have never heard of them but they provide

flexshares etfs are built around the way investors think.bjectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. >>> world leaders are gathering in new york this week. here for "power lunch" exclusive, the qatar minister of trades missist m mister al-thani, it is good to have you here. >> we would have planned it if anything happens like this as you know in 2014, we have some diplomatic problems with our neighbors and we said that it may come again in different forms that's why we have a clear plan to locate from their side blocking the land border, we know exactly what is important we have alternative goals and supplies we activated this plan immediately in the first few hours. and the consumer or the people who live there, never felt anything