bertha coombs, "nightly business report," new york. >> aetna raises its profit guidance and reported better than expected earnings for the second quarter. the health insurer strengthened its medicaid business and the ceo is optimistic about eye kwiring humana. >> the only overlap we have is with a few markets on medicare, we do well on exchanges, they are having trouble there. we have a large commercial business. they have very little commercial business. they carry the lion's share of medicare. so the overlap for us is very strong from the standpoint of complementary products and services. >> the stock finished the day up 1%. >> cvs issued an outlook for current quarter. it was struck by a large drop in sales after last year's decisions to stop selling tobacco products but saw a rise in prescription sales in part because of pricey specialty drugs. that wasn't enough, though, to prop up the stock which fell today more than 2%. >>> the food and drug administration has approved the first ever 3-d printed prescription pill. it will treat certain epilepsy and seizure disorders. it will s

bertha coombs has more on the result and the one positive in hp's report. >> the one positive take away from hp's resolve is that the faster growing enterprise sector was the best performer during the quarter. that's where we saw the revenues actually exceed expectations, even as the full company's revenue fell short for the third straight quarter. enterprise revenues were stronger, so were the services, both stronger than analysts were looking for. so as the company prepares to split into two firms, the enterprise and the slower growing printing and hardware business, it appears that the enterprise business may be on track. bertha coombs, "nightly business report," new york. >> we begin tonight's market focus with more late-day earnings. cloud computing sales force reported better than expected revenue and profit and raised the full year revenue guidance citing increased demand for the sales and software. shares rose initially in after-hours trading but fell to 67.82. the retailer gap reported a decline in second quarter profits because of weaker sales and banana republic stores. the c

bertha coombs at the nasdaq. what are you watching? >> nasdaq composite this morning hit bear market level. the low of 4292 at the open, 20% below july's all-time high. we are selling off here. well over 10% from the high. a big part of that decline was the impact of apple at the open. apple's reversal buying in a number of momentum names like netflix and gopro. they've given up their gains backing onto the final hour. also saw chips give up their gain. they moved into positive territory. small caps falling back near their day's lows. the nasdaq biotech etf trading twice its daily volume. the big caps trading at about 350% of daily volume. already today, apple has put in its biggest volume day of the year with more than 130 million shares trading hands. that's the largest volume we've seen for apple shares alone since september back in 2014. >> thank you for now. let's get to it with ourll exch. we have michael santoli of yahoo finance and david ellison, peter costas and rick santelli. david, give us a window into what it's like at you

. >> bertha coombs at the nasdaq and courtney reagan at the nymex today. bob, kick us off what has been another ugly day for the bulls. >> 6-1 declining to advancing stocks. we've come off the levels. the important thing today, forget about winners and losers. they are selling the winners. there's a lot of names that have done great this year having a tough two days. home depot. great year. they are down almost 3%. mastercard had a great year. it's down 3.25%. almost 6 million shares. nike had a terrific year. down 4.6%. they are selling the winners. you know about the weakness in energy stocks. one sector that's done fairly well has been the refiners. not today. valoro down 5%. tesoro down. perhaps the oil export ban might be lifted next year. that would reduce the spread between west texas intermediate and might make it smaller or affect the prices. you have the possibility of lower profits for these really hurting. s&p 500, i think everybody would be happy to get close back to 2,000. bee are down about 5% this week. 4.9% as we came in. now about 5%. one

let's bring bertha coombs with the big move here. the big move here was amazing as well, melissa, the nasdaq composite falling 400 points at the open to a level just about 1,000 below its all-time high of 251 july 20th. only july 20th. that put it into bear market territory, well off the lows as we've seen that market recovery overall. we're still in correction territory 12% from that high. apple has given up gains on a huge volume day already trading 124 million shares. friday it saw 128 million shares. so we'll see if apple can hold on and hold up near even mark on the day. a number of the stocks that rose with it have given up as well. some other like netflix back in the red. seagate, xilinx couldn't sustain gains we saw on the rebound. biotechs, really one of those sectors so emotional for the market, so volatile today, just have not been able to get up beyond the even mark, melissa. >> all right. thank you, bertha coombs. check out what's happening in the energy market. crude oil below $30. wti dropped below $30 a barrel early i

also bertha coombs at the nasdaq calling some of those tech movers., europe closed. >> there was hope that this would happen because we had such a terrible day. heavy very volume over in europe and here in the united states. the s&p just after europe closed we got a little bit of a bounce. some people are mentioning apple. maybe that had a little bit of an influence. apple went green. we've had a lot of volume in some of the high-beta etfs, the stuff that moves around a lot. solar stocks and biotech stocks and cyber stocks, hhck, very, very heavy volume. these were down a lot more earlier in the day. they've come back a little bit. we're also getting a little bit of a rally in the energy sector. xop, for example, this is twice the normal volume, exploration production stocks. this is enough for me to say this is some short covering going on. twice normal volume? that's very interesting. this is kind of interesting today. first time i've seen some short covering in this group in a while. also banks and insurance. as interest rates have been down in the

bertha coombs has more. hi, bertha. >> hi. today it's under pressure at a six-month low and also technically some folks notes that its moving toward its moving average. it's not a good technical sign. under pressure with research coming out of gartner raising more concerns about the slowdown in china. gartner saying smartphone sales in china fell in the second quarter for the first time. that's having pressure on a number of chip stocks today as well. but netapp is having its best one-day gain in just about a year. it's trading on nearly four times its average volume but it hit a two-week low. some of the others we're seeing moving up that have hit new lows as well like keurig also have some nice dividends. mattel one of those as well. back to you. >> thank you very much. bertha coombs at the nasdaq. where's the safety trading? check out gold. prices are rallying there. the precious metal is up 5% over this month. let's get to jackie deangelis who's been tracking the gold. >> hi, mandy. that's right. we've got a to-plus dollar

bertha coombs is at the nasdaq with the biggest movers there. >> reporter: at the beginning of augusty got paid handsomely this month. the nasdaq composite down here for the second month in three. it's the biggest monthly loss in about three years since may of 2012. so still up for the year. small caps today have tried to go into positive territory. you can see the russell 2000 right now near the highs of the session, but the index overall is in correction territory, down over 10% from its june all-time high. the gainers today are a lot of those beaten down stocks this month. green mountain coffee, american airlines among those mentioned positively over the weekend. even as the overall chip market has really been in terrible shape in bear market territory. it fell 5% for the month. interestingly some of those chips are among the leaders. up 13% for the month, active vision and convinced some people of its turnaround strategy up about 2%. the biggest dog in terms of sectors, biotechs in particular. biotechs the best performer down 9% on the pullback, just short of correction territory

. >> bertha coombs, "nightly business report." >> our coverage of trin ten years later with a look at how it transformed the city and how the recovery is a work in progress. >>> that will do it for us tonight. i'm sue herera. thank you for joining us. have a great evening, everybody. see you tomorrow. >>> tonight on quest -- black holes are some of the most mysterious and alluring objects in the cosmos, but scientists have only found a tiny fraction of the billions that are believed to be out there. until now, that is. and -- about 300 million tons of plastic is produced globally each year. sadly, much of that will end up in the ocean within a massive area dubbed the pacific garbage patch. can anything be done to clean it up? >> support for quest is provided by the s. d. bechtel, jr. foundation -- the david b. gold foundation --

. >> bertha coombs, "nightly business report." >> our coverage of trin ten years later with a look at how it transformed the city and how the recovery is a work in progress. >>> that will do it for us tonight. i'm sue herera. thank you for joining us. have a great evening, everybody. see you tomorrow. [ wind blowing ] [ explosions ] [ man moaning in distance ]

back to you. >> bertha coombs, thank you. now let's get to dom chu with a news alert. >> now another major bank analyst and economist team coming out saying they believe a fed interest rate hike is still on the table for september. this time it's the team over at citigroup. in a note to clients that just came out here they basically say that there are signs of containment in the economy that keep us on the september timetable for a federalistoff, but markets are volatile and can gather enough momentum to induce global contagion and become systemic but not yet, so they say yes, there could be a scenario where things melt down globally because of certain things that are happening around the world, but that this is not the time just yet. they haven't seen very many pieces of evidence to support the fact that they could take a september rate hike off the table, so, again, the economics team at citigroup telling clients they believe a september rate hike is still on the table, melissa. back over to you, guys. >> amazing the dispar

. >> thank you, bertha coombs. >>> feels like summer just began and now it is already august. august historically not a very good month for stocks. also a wealth of economic data come out this month and the fed, the data dependent fed, is going to be paying close attention to that data. when deciding whether to raise interest rates and if so, when. domini chu on trading the month ahead. but first, our senior economics reporter steve leisman on the data that are coming out. >> two words for you -- road trip. >> road trip! let's go. >> let's take a look at all the data that we have to go through to get to the september rate hike. this week the trips began, the jobs report looking for 215,000. it would be the 58th straight month of job growth since 2010. the picture seems to be aligning there for the fed to hike rates. moving on to the next one, we get inflation data. it's confidence inflation moving back to 2% and somewhat purt improvement in the jobs market. the cpi august 19th. another inflation data, pce inflation, that's the fed's preferred indicator august 28. another jobs

bertha coombs is live at the nasdaq with more. bertha? >> reporter: a wild, wild day, kayla. we've seen the nasdaq more than 670 new lows this morning. 410-point swing just at the open, down over 8% at one point. you have apple hitting a new low. traders saying there's just no buyers to be had. apple was getting near positive about an hour or so ago. pounding the table saying as the market worries about slowing growth in china potentially taking a bite out of iphone growth, analysts there say, quote, they are about to embark on their next phase of strong growth on an iphone 6/6s product super cycle. still, the stock technically weak at the open and throughout the day here, every stock at one point in the nasdaq 100 started in the red, but we're starting to see a little bit of relative outperformance when it comes to the chip sector. chips have been battered in bear market territory since last week, but take a look. micron this morning, skyworks, nxp, bouncing off new year lows. it tells me people are selling their winners still. biotechs, still up 10% on the year but now gett

bertha coombs keeping an eye on what drove that into positive territory. >> it's rare to see a nasdaq digit move. we are more than 100 points from the lows of the session on the nasdaq composite and a big reversal on apple is the reason why. we saw apple reverse course after hitting a low for 2015, below $110 a share. and we're seeing very big volume on apple. it's on pace for 100 million share day today. that helped lead the chip sector higher. among the standout in the chips, intel, which may have won ha share of the buzz on the iphone, which is set to debut next month. and we're also seeing some of the other big tech names like facebook and google turning positive as well. biotechs followed in the last hour, as well, after having being down well over 2% at one point this morning. and a very big pop for a biotech ipo, global blood therapeutics. more than doubling after pricing well above range at $20 a share. although, some people might say they left a lot of money on the table there, bill. >> indeed, bertha. thanks very much. time now for a cnbc news update with sue herrera. >> hi,

that's where we find bertha coombs. >> apple's big bounce today is a big factor in the nasdaq moving higher. apple contributing to about one-third of the nasdaq 100' gains, up for a second session. it is moderately strong volume, not as strong as we saw in some of the sell-offs last week. apple still below its 200-day moving average but today's move does carry over to some of those apple suppliers that have suffered collateral damage like skyworks giving a boost to the chip sector which is now positive for the month with today's move after two straight months of losses. nvidia also at a fresh 52-week high today. among the losers are some big consumer names. j.d.com is leading the way south after alibaba's new deal seen pressuring j.d.'s electronics sales. whole foods still restructuring, today hits a new low. it will take a while for whole foods to really engender some optimism, both among its clientele and investors. >> bertha coombs from the nasdaq. >>> the euro/dollar right now, something different happening here. the euro getting stronger. very close to $1.10. actually at $1.10.

bertha coombs joins us from the stock exchange.ompany called the alphabet. >> they're calling it alpha-bet sort of saying alpha, one of those growth, steady growth means that we talk about on wall street and one of the reasons they're doing this is they've gotten knocked a bit over the past couple of years because they spend an awful lot of moni and hire an awful lot of people to do the moon shot products, like the self driving car. they want to be able to sort of free that up, make that separate and then have the core google business, the search business, youtube and all of that be part of google inc. that will make it easier for wall street to say, okay, let's look at your real profitable business and we'll look at the rest of this separately. >> interesting. for us at home in our portfolio, do we dive into this? it's interesting to break down the alpha-bet but as far as a general investor how excited should i be? >> as a general investor it will give you a bit more clarity. you'll be able to see how much youtube, for example, wh

bertha coombs is live there with more. >> to quote a favorite old art cashin gem this market is tougher steak. if you're long big cap tech stocks. net app today is one of a handful of stocks that is up in the nasdaq 100 after a sizeable beat on its earnings with strong demand for the storage firm's cloud-based products. is a couple of others that are bouncing up are bouncing off of lows. large cap tech leading the decline. if volume is any indication of the real conviction, the nasdaq 100 trading at 80% of its average daily volume over the last 300 days, or 30 days. approaching its 200-day moving average. technically weak here and growth name like netflix, even as people talk about the netflix effect on broadcast tv, the likes of disney and others, bernstein saying that he the are going to be having tough times with advertising, it's retreating on strong volume. new low for micron as the chip sector remains very much in correction territory, down 10% for the year. and apple a new six-month low, below $112 for first time since january 23rd. but some of the momentum that we are seeing rea

bertha coombs is at the nymex with more. >> you know you take a look at gold, you would think when marketsl this would be a safe haven. it isn't happening this week. scott nations as anthony grisanti joining me. if you look at gold month to date. markets down 10%, gold up 2.5%. it's a nice-looking door stop. >> well it's still a fairly inexpensive door stop. but you talk about how much it's up. it should be up a ton more than that if it has any haven buying at all and it's not up very much and we see december contract down about $15 today. it's actually lost a little bit more as the market has softened. the interesting thing is that the contract is still showing lower highs and lower lows and i think it's going back below 1100. >> is settle any trade except to the down side? >> we recommend selling it at 1145 yesterday on futures now. it worked out very well. i think we need to get through the 1110, 1105 area. and then we should test the 1080, 1070 area again. >> we'll leave it will. we'll be back tomorrow with a live show on futures now. be sure to check out futures.now.cnbc.com for more

bertha coombs is at the nymex with the futures now crew. >> crude oil following the rest of the marketh a big bounce back today. just shy of $40 at the high of the session this morning. anthony grisanti and jeff killberg joining me, is this an oversold rally? >> there are a lot of shorts on the market. some of the shorts will cover. but the fundamentals in crude oil haven't changed at all. no matter what's happened with the equities markets, there's a market that's well supplied and one that every rally should be sold into. jeff what do you think, do you buy this one? have we made a bottom, you think? >> i think we have. we put out the target of last week. $38 we traded it at that point when the dow futures was down to 1200 points. we got the price point but if you look at a chart. we should go back to the $44 to $46. that's when the crude oil contract was in price discovery mode in august. i see it floating back up. >> we'll discuss it more on futures now. we'll be joined by peter schiff and dennis gartman as we try to cy sift through the carnage that we've seen in commodities. at fut

let's head over to bertha coombs at the nasdaq. >> reporter: we are seeing a little bit of a reversal in some of the names. you take a look at the nasdaq 100 atf, already in the first two hours of the day traded twice the average daily volume, and those volumes have been moving up with the sell-offs and big market. apple has stage add reversal here. apple today was that defense from fdr pounding the table saying they really do think the selling is overdone and apple is in the midst of a big expansion stage with 6 and 6s iphone franchise. it's off the lows right now, but apple's move has had a halo effect on the chip stocks. the philadelphia semiconductor index and the etf, those that follow it are both higher now. they had been among the most beaten down stocks. micron hitting a new low bounces off that, now up about 4%. nonetheless the chip sector is well into correction territory. some of the big momentum names coming off the lows as well this morning, microsoft at one point in the positives. these had been some of the stocks that today are having the biggest impact to the down side

bertha coombs at the nymex with the futures now crew. >> thanks very much, scott. we've got bill barusch and jim urio joining us from the cme. jim, should we look at copper falling as a global economic indicator or a china situation? >> it's more of a china thing than everything else. but you want to look at it in the terms of the strength of the dollar. you have to remember the entire commodity complex has been getle pummeled. copper more than others, people are starting to price in way more than a cyclical slowdown in china. that's like definitely we're at a point where that's almost completely priced in. it's going to be a time to buy copper, but it's not today. >> slowing growth around the world being led by china, on top of that, there's a supply glut with being led by low-grade product flooding the market. today's drop really is because of margin calls in china with the shanghai index being down 6%, being used for collateral. gold took a sharp dip because of the same reason. >> so maybe it's a mixed message coming from dr. copper. we'll be talking about what'

stocks continue to sell off, there's one sector in particular that could be in danger of cracking, bertha coombsth more. >> you know you don't invest in biotechs if you are faint of heart because they are known for volatility. they are on pace for the worst weekly decline in just over a month. and in correction territory, down more than 12% from the july high. about 1 in 10 of the ibb, the biotech shares here at the nasdaq in the index are hitting a new low this morning. about 15% of those components are down more than 10% just for this week. a lot of the biggest decliners are small cap. like arena pharma, down by about 16%, orexigen, down, mannkind getting crushed as well. the big question is whether it's a correction that could be a case of a more serious pull-back in biotechs which a lot of folks have said is really overdue. they're on pace for the first quarterly decline since the december quarter of 2012. the index is sitting at a really weak technical area right at its 200-day moving average. so if it continues to fall below there, it could be more bad news, and seasonally october, the oct

bertha coombs is at the nasdaq with this morning's movers. >> we have the nasdaq into inn tune with the the market. down about 1%. nasdaq 100 slightly better and the reason is that because of analog devices, analog devices earnings topped. its outlook was strong. it's one of the few standouts we have seen in the chip space and for a time today, that actually carried over and had a bit of a halo effect. the semiconductor index. was higher but now it's down about with the rest of the market pacing. a couple of stand-outs still. skyworks moving out, analog devices makes that push technology in the apple watch. but boy, apple continues to be a drag here on the nasdaq. giving back what it had gained last two positive sessions. now the second session in a row to the down side. at a one-week low. it's kind of responsible for the most drag on the nasdaq 100 for six points, cue the down side. still up for the year, it is technically weak. below all of the major moving averages. ahead of the announcement coming in september. we just don't seem to get much movement for apple in terms of the stock

bertha coombs is there. hi, bertha. >> we look at an etf scorecard. they're led south. the russell 2000 by a lot of small caps. chips have also turned weaker. they were moderately positive earlier. a substantial beat there. an upgrade at suntrust. adi benefiting from have its chips in apple watches. we have a number of new lows. micr micron, kla 10. no huge news. evercore, isi, google, guys, on its tenth anniversary, back to you. >> bertha, thanks very much. let's bring in steve liesman who's doing what else, looking at fed minutes in less than an hour. >> less than. we have dweueled dead heads mak comments. >> ooh. >> it's said the u.s. inflation outlook provides no justification for policy tightening. the fomc should ease, not tighten, monetary policy. part of what's going on is the debate. do you watch the jobs and growth numbers that have been doing well? folks, this is core numbers. food and energy, it's pretty consistent. the bottom line here, green, that's commodity prices and the middle one is the actual core, cpi. unchanged. what do you watch for? first of all,

still negative, bertha coombs has more from the nasdaq market site. >> the nasdaq certainly seeing ack here. below 4800. but i would remind you the nasdaq is still up for the year. and it is not yet in correction territory. not yet down 10% from its july high. but take a look at some of the different sectors that are. small caps are now off 10% from their june high. biotechs off more than 12% from just a month ago and the chip sector etf, you can see is down 20% from its june 1st high. apple continues to be a drag here. and it is tipping from correction territory now closer to bear market territory. off about 17%. from its april 28th, all-time high. but take a look at netflix. that's where we've seen a real violent turn. the speed at which it has declined, moving into correction territory. and remember, this is one of the four f.a.n.g. stocks that have been carrying the nasdaq this year. facebook, amazon, netflix and google. and right now, when you look at those four, the only one that isn't in correction territory is google. it's off just about 6% from its all-time high. so we're re

bertha coombs is at the nasdaq following the individual movers for us. >> yesterday we saw the nasdaqove 100 points, don't normally see that in one day. today providing the biggest point impact is cisco after better than expect earnings and a strong beat on revenues in sick lar and better than 20% increase on its deferred revenue. chuck robbins saying that was a real highlight, he thought. it is also trading at nearly twice the daily volume today after of the big swoon. most of the big caps are pushing higher. yahoo! higher today on a bernstein upgrade to an outperform. monster upped over at morgan stanley to overweight which is interesting for a signed of sugary'reilly and otoe parts se all hitting highs. checking the chinese adrs, getting a reprieve from the heavy selling we saw earlier this week. jd.com is still down near i had 20% for the week. a couple of high flyers hitting new lows today, keurig, green mountain and whole foods. those companies really in need of restructuring and trying to turn things around. >> keurig, worst performer in the s&p so far in 2015. thank you. >>> o

bertha coombs following it all. >> the nasdaq 100 and nasdaq o composite still in positive territory but having a miserable week. the nasdaq 100 sitting below the two-day moving average, just near correction territory. ground zero for that is apple. apple this week technically has gone from bad to ugly. now down nearly 19.5% from its april high, putting it very close to correction territory on very big volume and negative for the year. back to you. >> thank you very much. let's go to brian sullivan. as oil has west texas has cracked the $40 number. what's going on? >> we're below $40. $39.92, the last trade on the october contract for crude oil. here is why. the baker hughes rig count showing another gain in drilling rigs, only up two for the week, but the fifth straight week where we've seen the number of drilling rigs go up, not down. we're still down 890 from one year ago. eventually the producing wells will slow down. right now for five weeks in a row, we've seen an increase in drilling rigs, we've talked about it extensively on "power lunch." a lot of these firms need the cash f

over to the nasdaq, bertha coombs, the nasdaq had been holding up relatively better than the rest. >> the big reason why is google bucking the trend today after announcing that google inc. will now become a subsidiary of alphabet. in terms of point impact today, google shares are adding about 12 points of upside but that is more than being wiped out by apple's 20 points to the downside. apple giving up all of yesterday's gains and then some on its stronger volume than we saw in yesterday's move up. the devaluation of the yewian a headwind for iphone sales, concerns about a china slowdown, also weighing on chinese adrs, online retailer jd com com the worst performer turning negative for the year. one bright spot on a down day the airlines. american airlines saw july traffic up 4.8% from a year ago and tyler, of course, lower jet fuel means better margins. back to you. >> bertha, thank you very much. news order from the bond market, three-year notes are up for auction, very interesting day taking shape. rick santelli tracking the action for us at the cme. what is the demand, rick? >> re