in new york, bertha coombs "on the money." >> continuing our obamacare checkup let's bring in dr. kenneth davis, the president and ceo of the mt. sinai health system. he runs a seven-hospital network in new york city and dr. davis, always good to see you. >> good to be back. >> what's the truth? we have venus about rising premiums. higher deductibles. is obamacare working or not? >> reality is what you showed. the premiums are going up, deductibles are higher. and that's a problem. reinsurers are leaving the risk pool. what it's all about is not enough healthy people have signed up. the reason not enough healthy people signed up is penalties are rather minimal. the this year they rise enough perhaps that more healthy young people, those people ages 25 to 35 will join. you know, they diminish the cost of insurance by distributing it over a larger population and if we don't have roughly the estimate is 35% to 40% of the risk pool being that age, 25 to 35, it gets -- the whole insurance system becomes in trouble. >> what percentage of that population is signing up right now. >> right

interesting. >>> now to bertha coombs tracking the action at the nasdaq. last year's best performer today's worst performer. >> yeah. last year's first is the last today and we are near the lows of the session, the nasdaq 100 off 3% and chip stocks off nearly 2%. we've been down from the start of the day, though, and really the china-related names have been some of the biggest losers. jd.com one of the worst performers in the nasdaq 100, wynn is off of the lows. the worst performing sector is biotechs, down 4% despite reports of shire to acquired bexaulta, that's down 7%. also we are also seeing a number of stocks falling below their 50 day moving average. we are seeing a bit of a tech reversal at least we did in the last hour. take a look at apple, it came off its worst year since 2008, moved above the even mark in the last hour but now getting dragged down again. analysts say fear of apple's exposure to china and they believe the company is in good shape for first quarter and second quarter. still holding those lows we saw in august, though. also take a

and bertha coombs, of course, tracking action at the nasdaq stock market as well. bob, this late day selloff, rather unusual. >> yeah. this is another one of those days where they're taking down overall exposure. we've seen this a number of times. the whole market is down about 2%. it really doesn't matter. overall market exposure being taken down. what's point is we're seeing a little more activity in high beta names. stocks that have a little more pluckuation on a daily basis. so look, transports having a very ugly day.fluctuation on a . so look, transports having a very ugly day. everything down about 4%. another high beta sector that we're seeing a lot of activity, come on over here, is rhrhe reg banks. about 4% in the regional bank area. another sector. another high beta sector is the oil names. i'm just bringing up one. anadarko. and it's not unusual now to see 4%, 5%, 6% declines. these high beta names, as we call them, have had a really tough time this year. i want to show you some of the declines we've seen. low volatility names. mostly these are consumer

. >> reporter: petaluma police say bertha coombs is the city's first homicide of the year. that's after none last year. >> i was struck by you said there are 10 murder suicides per week by elderly people. >> reporter: 20 people. i know, that number surprised me as well. with the population aging, and depression on the rise, they're seeing that number rise steadily. >>> new developments now in today's deadly bus crash in san jose. the greyhound driver tells bus driver he was tired, and needed coffee, shortly before he lost control of the bus on a rain stricken freeway. one passenger told us, he thinks the driver dozed off. two people died in that crash. the chp lists both as jane doe's. file oliveira. her family says she was returning home from los angeles where she had visited two of her sons. we also learned the name of the driver. he is 58-year-old gary bonslater of victoryville. >> reporter: the bus ended up here, teetering on a concrete median. >> there was just screaming and smoke and people. >> reporter: the greyhound had 21 people onboard, after driving all night fro

bertha coombs following the big movers at this hour. hi, bertha. >> we are off the lows although do remember the nasdaq outperformed the overall market. it was positive last year, and so did biotechs and so these are some of the areas that you're seeing the biggest selling, particularly in the big tech names. not surprisingly being led lowest by the china names. j. j.d.com the biggest loser. all of it is adding to really bearish concerns on some marquee names that have already been under pressure. we're seeing some downgrades and some stocks that are really suffering like tesla today. it is down after december shipments were at the low end of expectations. yahoo! also suffering not just because of its exposure to alibaba but also concerns about where the leadership is going in this year. also take a look at pay pal getting cut to a sell. we do have a couple stocks that are bucking the trend, including lululemon, gopro, and dollar tree. back to you. >> okay. thank you very much for that, bertha coombs joining us from the nasdaq. oil, as w

our bertha coombs that almost went into the red. almost. although the large caps are holding us up.he usual suspects. the nasdaq 100 out performing the overall composite. part of the reason. leading the nasdaq 100 on reports that you may see some activists investor moves to shake up viacom's board. >> the large escap. the small caps are lower. really because of biotech. once again today. saw biotech start higher, and then slipping into the red despite upgrades and the likes for general. i don't know what is up today with buy from neutral or rock capital with the target at $555. investors still a little leary about those biotechs. meantime, china's fourth quarter gdp growth may have come in lower than expected. >> add apple to the list of those in donald trump's line of fire. john harwood is in washington to explain. john. >> shemts to disrupt american business, too. most recently over the weekend with these comments suspecting. she wants to change apple's global supply chain that has many of the tech giants being manufactured in china. >> instead of in other countries. >> the produc

. >> let's send it over to bertha coombs. what's going on there. >> it's been quite the roller coaster ride today. the nasdaq has been down now 12 of the last 14 sessions. last time it had such a bad downward move was back in 2009, and it took about 16 seconds overall for the nasdaq to bottom. take a look at this reversal here as we're moving towards the close. we are seeing the nasdaq come up and move into positive territory. a big reason why are the small caps. the small caps are the worst performers year to date. they've been beaten down since last quarter. and today they are moving higher. some of the big cap names have been among the names most under pressure. netflix today. you saw that huge pop yesterday. we take a look at a two-day chart. following the results this morning, my headline was that international is the new black for netflix. then investors seemed to get cold feet. they were selling off. perhaps they were selling some of their winners what they could. some of the other big cap names moving higher. apple on

bertha coombs has a lot more. >> it's a fairly broad decline. a sea of red on the board here. pretty much parade of horribles any way you look at it. you've got large caps, nasdaq 100 down about 3% now. although chips and tech are relatively outperforming because this today is where you are seeing the worst decline overall. we've seen the worse decline year-to-date that biotech index off more than 2%. it's had almost a bear market. >> dozens of new lows in the sector. take a look at zions with 8% of its portfolio exposed to energy names. back to you. >> all right. thanks, bertha. coming up, a lot of red on the screen. major averages down more than 2.5%. the next big thing to watch is the european close. we'll bring that to you when we come back. 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 a

bertha coombs at the nasdaq market site in time square and jackie deank list. some of the data doesn't look good. dom, let's start with you. >> like you said we were off the worst levels today but there are three interesting themes among the multitude of themes in the market today. we'll start where barclay's price makes prices, exxon-mobil and chevron, down by 2 or so%, in line with the market overall, not terrible. that's perhaps a little comfortable for something. the another scene is the financials, they are a big one. citi and wells fargo, back up there again, that's also part of the story here as well. both reporting earnings and among the laggers in the trade as well, citi shares down 6.5%. imc post, post number 6, a couple more financial themes to talk about. pnc, on the regional bank side, only down three quarters of 1%, a relative winner and earnings story this morning. right next to it is black rock the biggest asset manager, those shares showing signs of life as well down by 4%. and we don't want to be all negative here to balance things out with a

bertha coombs is there with that and more. >> yeah, this looks an awful lot like it. a whole lot of green to be found. in fact, electronic arts is about the only component in the nasdaq 100 that's been higher all day amidst a sea of red. strong performance for the star wars video games, but you take a look, nasdaq down 3%. nasdaq 100, nasdaq both off 3%. chips are off about -- i'm sorry. the small caps are off about 3% as well. things that traders are watching for are signs of a bottom are where these indexes stabbed in terms of their august crash lows. small caps, the russell 2,000, they took out that level of the last couple of days. the nasdaq is now within 5% of that. take a look at the chips. the felly semiconductor index is still about 6% above that august low, but today it is leading the decline. not just with the disappointing intel warning. that's a huge drive in the sector. >> it's down over the last couple of days, and it's getting no boost from the jp morgan health conference this week. normally that's a boost for biotechs. a lot of investors still worried

bertha coombs has a look at the names. >> one of the chinese depository shares is one of the worst performingom is a rival to alibaba in the commerce area in china. one of the stocks that sees big swings when you get concerns about china's economy slowing today. not surprisingly, the internet names are being hit hard today as well. baozun, weibo, some of the internet social media stocks in china. and u.s. economies with a lot of exposure also today among the biggest decliners here at nasdaq. of course wynn resorts, about 70% of its business comes from china. we know that the result in macow were down again. that's weighing on the casino names. also you have apple, which is looking for big growth in china. still not the lion's share of its revenue. but it's still an important part of its business. yahoo! still has that alibaba stake. whenever you see alibaba and the chinese name down, yahoo! is also going to be suffering. there's issues for yahoo! with regard to what its strategy is going to be in the new year now that it cannot spin off the alibaba stake tax-free as it had hoped. expediters i

bertha coombs is at the nasdaq. bertha? having a little bit of trouble -- there it is. >> do you got it? here we go. biotechs leading the reversal right now really moving to the highs of the session after hitting a new low this morning. bear in mind biotechs are among the worst performers of the year. they're off 30% from their all-time high last july. down 17% year-to-date, even with this move off of the lows of the session today. talking to traders and they were saying we were seeing a little bit of exhaustion on the sell side of biotechs, not a whole lot of sellers today, not huge volume. we've already traded a full day's average volume but not that kind you normally associate with capitulation. nonetheless, some traders starting to say maybe we're starting to see a little bit of fatigue when it comes to selling the biotechs. look at some of the names moving higher. they are some of the large cap names leading this move to the upside at the moment, and that is lifting the nasdaq composite off of the lows. the russell 200

bertha coombs is over rounding up the big movers for us. >> it's been quite the session, apple has heldroughout. started the session above $100 a share, moving back above there. bank of america upgrading it to a buy from a neutral. they give it $130 price target. they see 30% appreciation over the next year. they cite their own survey that shows apple still topped in china and people in china actually upgrade their phones it appears much more frequently than we do, more quickly. so they think that is a plus. take a look at the nasdaq today, though, it has been quite the reversal. we were up, it's been 100 point move on the day, at one point it looked like we were headed back toward a record 9-day losing streak, once again, but we have come back off as apple has raised and the fang stocks have regained a bit of momentum here, you know, the folks over at monster ringing the closing bell it seems as though some of these stocks have gotten a little bit of that juice from some caffeine. the biggest reversal of the day, take a look at the ibb, that's the etf for biotechs. biotechs started str

. >> let's get to bertha coombs with more details. >> so the nasdaq market site owners, their stocksding higher, the nasdaq composite now in correction territory. it's really a case of mega caps and small cap. take a look at biotechs, they are the worst performers once again today, biotechs back in bear market territory, off more than 20%. chips are also back off more than 20% with this decline that we've seen over the last couple of days. biotechs and chips down six days in a row. the big cap tech stocks, earlier this morning we saw netflix actually sort of rise, one of the fang stocks moving higher, defying the plunge, but it has rolled over. microsoft also a big weight as well, was a big mover, momentum mover to the upside at the end of the year, it's really getting crushed over the last couple of days. then there is the mega caps and apple. rbc cutting its price target from 140 to $130 along with ubs today also cutting its estimates on iphone sales. now season below consensus of 45 million. three numbers on apple, right now the first close below $100 since october of 2014, 30% be

bertha coombs is following the big movers. >> if you're talking about selling biotechs, today the big drag is actually coming from tech. led by intel's disappointing guidance, although off of its lows right now. that warning is weighing on the chip sector. philadelphia semi-conductor index down 5%, yet still when you look at intel, it's about 18% above its august flash crash low. chips, in fact, are still about 4% above and apple, another big drag today, also about 4% above that flash crash low. that's sort of an area that people are looking at to try to determine whether we will find a bottom. biotechs though very much in bear market territory taking out their august lows two days ago. down more than 17% in the last two weeks. that's as much as the biotech sector declines over the entire third quarter last summer. when you look at 2015's momentum leaders, the f.a.n.g. names, they are nowhere near taking out their 52-week lows. facebook up 30%. amazon up 26%. i want to leave you with a little bit of green, wynn and electronic arts are about all i could find over here that are bucking