and particularly brent. and we are watching brent.sts are say they expect opec move in to cut direction if we are seeing a the move. but so far nothing. >> let's check with john. >> it's a show you don't want to miss. venture capitalist tim draper talking tact tech value vegass sky high and what it might mean for your money. the my space's co-founder to give us an update on social gaming and networking act i. scene 3. open port twenty-two-oh-one-seven on the firewall for customer db access. install version two-point-three of db connector and ensure verbose flag is set in case of problems. (clapping sound) isn't the cloud supposed to make business easier? get the one that can connect to the systems that you already have. today there's a new way to work. and it's made with ibm. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ ♪ i have made lots of million bucks but my grammar distinction ♪ ♪ and spelling sucks ♪ long story short ♪ berkshire's report ♪ i read it h

brent crude now down more than 18% since mid-june. is that helping the economy, or is it a sign of a slowdown in the economy? >>> and another question today, tesla. while shares are up 80% in 10 months, what does this mean? it is a tesla mystery. the market "d." there it is. the market likes it. the stock is up almost 3% today, but what does "d" mean? >>> first to sue at the nyse. hi, sue. >> hi, ty. there was another triple-digit loss in the dow earlier. it's trying to fight its way back. let's get you up to date. the dow right now is down 47 points. but as we said, it was down triple digits. s&p is down 7.5%. nasdaq is down 13%. the yield on the ten-year note holding at 2.41%. ty mentioned oil. it continues to plunge. brent near a two-year low. this after saudi arabia cut its official selling price. that is a 1 1/3% loss in brent kud. west texas intermediate down just about a tenth of a percent. it was a very rough close in europe. germany down 2%. the ftse down 1.7%. france down almost 3%. italy down 4%. spain, 2.5%. that is the de

what do you make of brent ti right now brent trading at 195 and really the weakness is all about brentat is that telling us? >> this is confidencing to me. a very short-term trend. very much based on currencies. you know wti represents just one nexus point. but if you go into where the guys are really producing. it's running at the $5 or $7 discount. canadian oil is a $12 discount to ti. these are domestic hot spots that are not really representing what is going on in the global price. take it in that outlook, brent is still very strong. running 15 to $20 premium to a lot of the hot spots production here and in canada. >> we'll talk to you soon dan. thanks. >> my pleasure. >> load up on the names. dan dicker says eog is one of them. >> i hope he's right. ron sloane thought that was the bottom in crude. for a day he's probably right. i think if you look overall at the s&p and nine major sectors i think energy has taken most of the pain and i would see going forward that probably it would not absorb the majority of significant selling that i think the other sectors potentially could see.

with respect to brent's critical break evens have been breached. they all need more than $100 to break even. saudi arabia at $87. watching the prices closely. it is clear that the supply/demand equation is off. the market has a lot more oil than it needs. we are looking at the opec meeting and wondering if they will make the decision to cut supply and has had a lot of chatter of potentially seeing exports and that has been on the table for some time but no action from washington there. of course, the last resort from u.s. producers that they could cut their supply but that creates all kinds of disruptions. no one is willing to do that until they are sure that this slide is for real. >>> they are the new establishment. speaking with them live in san francisco. andrew? >> tyler, nice to see you. we are in silicon valley this morning, san francisco i should say. we have a helicopter above us if you are listening to that right now. i am here with one of the great futurists in terms of education and where this is going. you can go online. it is nice to

the other hand, look at the price of brent.ate, the jet fuel price which has been down aggressively. airline stocks around europe rallying pretty hard. i got hit by ebola. they are up on the jet fuel story. you.morning to let's talk about ebola. we saw the effect on the airline sector. it got hit and hit hard. unlikely.retty sars occurred in asia. this is like singapore, hong kong. we are talking about relatively small markets with much smaller traffic flows. it is lots more isolated. these are not global hub's. a much more controllable risk at this moment. you generate- surprising amounts of demand. move capacity around? >> they do move aircraft every day. the configuration of the aircraft changes. british airways flies to freetown. aircraft.bout 1.5 that into the fleet, trying to reallocated, engineering requirements. a few aircraft is not a big issue. they will be able to absorb that. they may lose a few pounds. >> compared and contrasted at with what they are making with jet fuel coming down. >> ebola is a crisis. oil price

for earnings. >> let's talk about the crash in brent.have seen it come down from over 20% since the june highs. all the majors, the big europian majors report this week. shell, total. who is most resilient? who that is thas newer oil fields with the higher margins? is that shell or b.p.? >> it is going to be shell. i think shell in particular has a financial structure that is best suited for weathering a low price environment. we calculate they only need $85 brent to be able to fund their capital program. that is far the lowest. i think shell wub a very defensive stock if we go into a prolonged period of low oil price. >> look at the refining story, you say b.p. has done pretty well. going forward is it a continued decline for the european refiners versus the u.s. refiners? is that story continuing? >> yes, i think so. i see european refining as a broken industry. the u.s. on the other hand has a number of advantages including much lower crude speed stock prices coming from canada and coming from the shell boom and it also has a lower in

brent of course at a four-year low. i think it's a combination between oversupply, opec, will they get their act together? wti andhave a look at brent later. is it 1986 again? a lot of lessons from history. they say get ready for print at $75. -- for brent at $75. would continue to see low equilibrium. >> we will continue our markets coverage all day today here on bloomberg television. on the pulse after 10:00 u.k. time, do not miss that. >> we've also had some breaking news earlier this morning from , the boardugmaker has recommended shareholders vote against its $51 billion takeover because of concerns that tax rules have changed. that would undermine the rationale for the deal. they say the takeover not in the best interest of the company's stockholders. since september 22 when the treasury department announced these tougher rules. two other u.s. companies have ship theirns to legal addresses to lower tax countries. but the news harley spell the end of the merger because five of the deals pending at the time remained

brent and crude. now down 19%. the transports are bouncing back along with the dow jones industrial average partly due to the drop in oil. they are up more than 3% although the transports are down more than 2.5% in a week. it's been a very interesting trading session. we have a little more stability and bob joins me here on the floor of the nyse. he said he thinks alibaba put in the top for stocks and then the decline that we have had maybe a little overdone so we may get a bounce. >> it actually did happen. that is exactly what did happen. the question is how much more selling we will see. a little more stable and oversold conditions. i think that is exactly the answer. i want to point out we are now in the start of earnings season. bank earnings came in today. if you look at citi group. earnings and sales there. jp morgan a slight miss on earnings. because of the poor downward momentum that stock trading up. wells fargo more important. the good news is commercial loan very good. mortgages were fair, not particula

where we've been wrong is brent. brent we had libya, saudi. those are not marginal supply cost type questions. whether or not libya is back in or not, whether the saudis cut or not, that's totally -- it's got nothing to do with the price. the issue of high break veterans for some of these countries. the fear saudi wants to hurt the russians who are at a very high break even. we don't buy the idea saudi uses oil as a weapon. they've done that in the past. we think they act conservatively. the fact of the matter is with the scale of the move and pace of the move, we're not surprised we haven't heard a lot from them. >> so given this backdrop on oil and keeping in mind the brent wti spread is at a 14 month low or lower. which companies set up best for earnings? >> i think the temptation. >> and worst. >> if you believe that we're at a seasonal low, if you believe this is a negative vortex of everything going wrong for oil simultaneously really fast, which is basically how we see it, we think they'll hold a rally over the next few weeks. this is t

brent is where you are seeing the pain.y much in correction territory. $92 the official price but we are just about there in terms of the decline from the highs last this supply glut that people are seeing in the face of weak demand with weakness in europe and even here we're not seeing as big of a pick-up in demand and seeing a huge decline in brent because the saudis this week rather than announcing to cut production did not. they cut their prices and that has people more concerned about op opec. analysts are saying watch brent at $90 moving forward here because that's where the pain is really going to hit for opec and then likely need to call for an emergency meeting to cut production. that's bleeding into the decline in gasoline futures. worst performer this year and in bear market territory from the highs we saw last june. the upside, the good side of that, we are seeing prices below $3 a gallon in some 26 states in cities like toms river, new jersey, we're down to like $2.95 and lower. >> let's hope so. viewers, if yo

rent crude falling to the lowest level in almost four years, -- brent crude falling.e slowest pace since 2009, crude now falling, and it is dropping. and it is time now for your latin america report on this tuesday. and the latin american president is tied with the opposition aecio neves, rousseff, and the candidates are starting to cast doubt on some of the public opinion polls used to measure voter preference before the election by the media. candidatesveys for and their campaigns as well as for media groups. and a harvard university said argentina will likely default on their debt -- will likelyla default on their debt, and they say the venezuelan economy is so bad that their capital gross domestic roddick is 2% below gross domestic product is 2% below 1970 levels. up, taking the stand. we will take a look at bitcoin. i will be talking to my colleague trish regan. we will be right back. ♪ >> it has been an uphill battle for fans of bitcoin. the digital currency has split in value in 2014 to as low as about $300 from 800 $50. detractors say they have been vindicated

i don't think the saudis want to be falling through on brent right now. i think they will be under pressure from key allies. >> it will be an interesting time to say the least. thank you for coming on. we hope to see you again very soon. >> and to the bond market now. rick santelli tracking the action at the cme. >> an exciting day for all of listeners and viewers trying to handicap what direction interest rates may take, what direction the fed may ultimately go and how quickly. all you have to do is look at the flattening over five basis points. at a 3.14, 3.45 it is the five year up six basis points. open to beginning of september you see the reversal there. that is the market's opinion. why isn't the long end doing more? i think the long end is influenced by a lot of global dynamics and the global dynamics show up in an easy to find place, foreign exchange market. let's look at how they were affected by strong data this morning whether the dollar versus yen, dollar versus mexican peso, pound versus dollar or euro versus the dollar everything is the sam

and person on the pta i'm going to talk about the proposed the webster to the canvas i want to thank brent stevens and i know this is not is an easy task star king is current undergoing our renovation that reduce our plagiarized space been one half san francisco school district has asked to keep them on campus for the renovation not only will the center help with the greening years in planning but important importantly we feel the negative impacts we've been experience since the popularity like the although, more relay will be exacerbated we're on the come back but fragile we have pre k and special day all of which have complex needs and the continued disruption will hurt us our contingent is deeply intertwined with the school we appreciate the difficult position they're in as we are undergoing our transformation by the way, we want to talk about where the plan is injuries us to our bodies we ask you to not relocate the students anothers daniel webster for the city hall year thank you very much. >> thank you. next speaker, please. >> hi, i'm a parent at star king elementary school i have t

they are not an brent has had its worst quarter since 2010. what is going on?at is going on is two things. number one, the global markets are very well-balanced. it is the primary factor. the other one is, which is unmistakable, is the fact that the zaidi -- anxiety premium associated with isis is diminishing. the markets are reading the situation and making a consensus decision that the worst is behind us. as a result, anxiety premium is more or less being discounted. these are the main reasons. >> you discount the anxiety premium. my question is does the iraq and syria situation ever mean anything in the short-term, medium-term for oil prices? >> absolutely. it means a lot. both in the short term, midterm, and long-term. global energyt to markets associated with chronic anxiety and chronic instability so close to a very important part of global supplies when it comes to oil. in the short-term, i would expect with a continuing control of the situation vis-À-vis isis, i would expect a further relaxation of the prices, even prices below the $90 mark right now. m

wti brent, brent down 1.06 percent. trading 87.95.hat is going on in the greek bond market. greekeat 10 year -- the 10 year above 7%. the price going down. up by 37 basis points today. you can see it across. look at the shape of the curve changing. ms. happening in the greek bond market. equities under pressure. some evidence 80 we would get a -- some evidence may we would get a buy, does not seem to be coming to fruition. european markets being battered. a busy day continues, jp morgan numbers out earlier than anticipated. "surveillance" in new york with tom keene at the helm will be running you through the details of what you need to know about that. see you tomorrow on "the pulse." ♪ >> america confronts the ebola virus. even one infection is unacceptable. jpmorgan cu releases its dish jpmorgan cree releases. yields continued to plunge. markets on the move. it is the new volatility. good morning, this is "bloomberg surveillance." we are live from our world headquarters in new york. it is tuesday, october 15, i am tom keene. joining

most i talk to are bearish on the brent side kind of uncertain. they feel it's a coin flip in many cases and people are looking to the opec meeting which is actually being held on thanksgiving day for some clarity based on what the saudis do and what we hear about producti production. i'm told we could see a $20 move one way or the other which seems huge. the bearishness globally is catching up to these markets right now and folks that i know are really not bullish until a couple years out of the curve, 2017, 2018. >> heard somebody on our network today talking the potential of $65 oil. >> i heard 60 as well. people are very, very bearish and the issue is the production continues to happen rapidly. bottlenecks going on, regional inefficiencies. the bakken shale has been a gift and keeper gas prices will be great in some ways for the economy but for the energy producer not so good and clearly shake up the models people had going into this year. >> thanks. >> thank you. >> kate kelly. if crude oil will stay cheap for while what does that mean for ga

the wti brent spread, not necessarily the flat price of brent or wti.hen you compare the two, when that spread is normalized, oil floats around the world in a market-based sort of way. so when that spread tightens up, when it is as tight as $1.50 at one point, normally it is in the range of $5 to $7.50. when it normalizes, the oil prices can sustain and take effect. when you have that spread tight anything, the physical oil guys have problems moving oil because that spread is where everything globally is priced on. >> that was my next question. when do you think we'll see oil prices cut production and capital expenditure because of weak oil prices? >> well, you would really only be seeing that in some of the fringe opec nations like iran and to a certain degree even russia who is not in opec obviously, but you won't see that in the u.s. for quite a while. one of the things people don't understand is the break even level of $65 in terms of the cost per barrel is really widespread. there's shale deposits as low as $45 a barrel or $35. and then there are s

it supports prices $80 above and $0 a barrel on a brent basis.ly curve for shale is incredibly flat. so if opec tries to move around that supply curve, it doesn't do much to price. that's the real key here. they lost pricing power. >> back to the domestic market, at what point does it become uneconomic for drillers to continue what they are doing. your research suggests $75, but they might keep going at a lower price. >> obviously, there is some shale relatively low cost and high cost shale out there. the average is somewhere around $80 a barrel. we'll have to get down in the second quarter $70 a barrel on a wti basis to see a reduction in capex. that's what opec wants to see. the period which we'll see evidence of that will be some time in the early first quarter. i want to emphasize this morning, exxonmobil's announcement, they actually cut capex from $43 billion to $40 billion. >> do you believe opec is engaged deliberately, allowing the price to fall and chasing volume and not price is directly aimed at the united states? is that what you're

brent settles down by 1.5%. now, fears over a broader sell-off, disappointing data out of the united states, that resulted in the vix trading above 30, indicating that there is a lot of fear out there. >> seema, thank you. a lot of volatility. what is driving that volatility? joining us now, matthew hensley. there's lots of possible fears and factors out there. yesterday, what was it? >> i think investors had quite a few of their core beliefs shaken in recent weeks. the fed having our back regardless of the economic environment, that's been challenged. members of the federal reserve talk about raising rates, not raising rates. so people become uncertain about the trajectory there. >> emerging markets are flowing not least of all because rates are rising, but we all thought the u.s. economy was the one rock which we as global investors could rely on. yesterday with the data that we saw, that was shaken. >> does that beg the question whether the u.s. economy can continue to strengthen despite global growth fears?

. >> reporter: father brent was, of the episcopal church of the resurrection, is on the village boardalso has individual shelters in his church parking lot. father brent tells his , congregation that the message of christ is that they should gravitate toward places of suffering, like the village. >> it gives another set of lenses for us to see what god really looks like. god is not contained within the church, god is not all beautiful you know silver and brass and fine wine at a table at a beautiful eucharist, with an organ and all. god is alive in the world and we need to encounter god in all the places that we encounter the world. down at the village is another opportunity to see the face of christ reflected back to you. >> reporter: there's some well worn faces here, but there are plenty that look like your neighbors. tony, for instance, lost her job and then everything else. now she's employed as a caregiver. >> it's my own little place where i can regroup and get my paperwork ready and get ready for work and we have showers here that we share and wash our clothes here and i'm abl

brent is dropping again. brent and crude, west texas dropping again.one year of that two year low in brent. but look at the pressure we're starting to see in the energy complex. 52 week lows now. murphy, cabot. 52 week lows we're hitting. big companies right now. a slight expansion in new lows outside of the energy field. about 160 new lows at the new york stock exchange. deere is there. fluor. biggest construction company out there. also 52 week. but every day in the last month they have been down. eventually keep dropping you hit the 52 week low. and the autos, gm and ford are there. it's not a big expansion but higher than recently and the market internals are not very good today. this is a good day when the dow does not really indicate whereas going on in the overall market. >> thank you bobby. in the meantime as we get ready to hand it to the halftime. if you are just joining us. thomas eric duncan, the first to be diagnosed with bole in this country did die this morning. it's with profound sadness and heartfelt disappointment that we inform you s

brent crude, nowhere near nymex, the still under 90. is 1228.gold to 30 year bond, not back paul volcker. we just rolled over once again through it in the long-term linkage to the possibility market. pretty consistent trend there, even with the bobs along the way. we want to bring in our guest host. 500 lasted posting its biggest weekly drop in two years and futures has stayed the course, indicating a lower open as well. give us your take on the state of the markets. is the fed driving this or reacting to this? fed's reactor. we are problems of global growth, especially in europe. not just wrote growth, but inflation problems, too, so concerns about deflation and you put that together and the markets of the world are taking a pause and a little concerned. we're doing some technical damage in the meantime. it will take a while to repair this. the 200ve gone down to day moving average on the s&p 500. the first time in two years. i was stunned how fast we got there. but no question about it. 5%.e only down s&p 500 we were down 7% in januar

brent crude fell into a bear market last week. outd some searching to find how often it falls into a bear market and it has fallen in almost every single year since 2006. most of it is because of what happens in europe whether it is the european debt crisis in greece or the european debt crisis in italy and portugal. fundamentally, things are not necessarily different this time around. the difference now is that you have a supply glut with north american production and libya resuming production and iraq increasing production and balance that against the demand and itn which is reduced looks like we have too much oil. >> what are the strategists saying about whether the u.s. can be affected by what's going on? breakeven when it stops making sense for the u.s. to stop fracking for oil. other thing that is interesting is morgan stanley and other analysts say that oil could be turning. crude demand should rise in the fourth quarter and the last leg of this decline in crude oil prices was not fundamentally driven. they said it was more

brent bozell didn't say that in the national review. that was in the national review. >> host: according to your citation to believe he wanted to raise it to you slavery in united states? >> guest: i think you are putting words in my mouth. tesco i'm asking a question. >> guest: and training is the question but you'll have to let me finish my sentence. that concept, that idea that a small educated and wealthy classes should direct society is the same in these different periods. now before you get angry about that. >> host: i'm not angry. >> guest: that's not an illegitimate argument. it's not one i happen to adhere to but it's not an argument that you can inherently say somebody is attacking you in the hope that. there are an awful lot of societies that work successfully that way. that is not the way the republican party started but it's not an attack to say somebody believes that. it works well for a long time. >> host: you say today's america associate a public figure with slavery is a negative. >> guest: let me be clear. you are the

what happens with a new congress in january, brent?e that the new congress will look at the humanitarian crisis on the border with the children and do the right thing. as americans have done for a long time. we've treated refugees differently than we treat immigrants. this is clearly an refugee crisis. these children are fleeing terrible conditions in their countries. it's a temporary problem that we have to be open our hearts and have a solution that is humanitarian and deals with the crisis. and, you know, i think both houses of congress should do this. it's distraught to hear people should be sent back to the gangs and violence where we know so many will face persecution and perhaps death. it's unconscionable for any candidate to say that. frankly, i think we should respond with the humanitarian assistance and we just did that in miami, for example, jose. we just gave out over 1,000 families received food from a donation with tyson foods in miami this weekend. that's the way to respond to the crisis. open our hearts. support these f

per barrel on brent question mark how much lower can it go?ficult bottom but unless you subscribe to a global recession, it is starting to look limited. the saudi's will cut. there is intensive evidence and we need more evidence. also the very disappointing conception -- consumption in terms of oil will start to recover. the market should start to balance over the next three to six months. you may see a few more dollars bounds up at then we should start stabilizing. when looking at these kinds of things, we can almost ignore the awkward meetings most of the time. all we need to do is look at the data. the saudi's will cut independently, that is what they have done in the past. supply-demand dynamics? is this a perfect storm or do something take more of the weight here? is it more the demand or the supply? >> it is both to be honest. the only demand growth you have in the world is in asia. there is nothing in europe, partly because europe is not doing well. u.s., they in the are downgrading their car sizes and so forth, so the only growth is in

brent, i've got to bring it up. you were say there were good winds coming down and, economically, certainly, but do you buy in before the holiday season and what are you expecting there? >> oh, i think it is fourth quarter will be great. i think christmas will be a great christmas. i was in costco last week and saw santa claus and snowman. they're starting already. liz: i'm not guilty here? >> you're not guilty at awe, liz. you have companies, oil prices are down. they're down low. gas prices are low, good for consumer. these will rise, i'm so amazed, i have to switch, drillers are down 40, 50%, but oil is down what, 15%. what a great buy those are. that will will be a great chriss present. we'll have a great fourth quarter come. david: your lips to god's ears or consumer ears. let's hope it happens. strong dollar is of interest to investors, investors should have large exposure overseas. you recommend they do that but you also recommend dge. ge has a lot of business overseas and a lot of business in china by the wa

also, you had the brent wti spread come all the way in to $2 now.n that spread comes in, it means lower product prices, lower gasoline prices, which all means it's good for the consumer and not good for the refiner. >> right. and we've been talking about the supply story for quite some time right now. this market is oversupplied. this number is reflecting that as well. how do we get that supply/demand balance back in check? >> i don't think you really do. it all depended upon what you saw people like opec do. i don't think they're doing enough about it. the glut looks like it's going to be around here for a while. the biggest thing we have now is the domestic production that we've never had in the past. you have a glut. you have domestic production being bigger than its been in a long time. with that one-two punch, it looks lower to the downside. with the settlement below 87.50 today, the next target is 85.60. we haven't seen those levels in a long time. >> everybody is talking about exports right now. we haven't seen this since the '70s. the issue

brent. louisiana and brent are almost the same.s is fabulous for marathon peak, fabulous for phillips 66. >> that's my play here? what do you need to be thinking about assuming oil prices may not go down that much more, but they aren't going up? >> you've got to focus on retail but be in the right retailers. it's walmart's time. it's target's time. costco's time. remember also sears. i don't know how much, i'm sorry if you did a lot on sears yesterday. >> we did some. >> a lot of sales up for grab. >> it's going to get taken. people presuming it's going to walmart, target and costco. who am i to disagree with that? >> dow is down about 54 points. let's check in with pisani on the floor. >> it's been a rough morning. germany did not get good news. german exports dropped 5.8% in august. biggest decline in 5 1/2 years. germany moved fractionally positive a short while ago. we were negative and trending downward throughout most of the morning. i'd say europe is about split right now. really was no follow through to yesterday's rally in

and the flip of brent and wti right now. brent is ahead yet. >> right squ. >> with what's going on over there. it should be behind by 2 or 3 dollars. not ahead. >> if we could export it would be better. >> we're exporting 4 million barrel a day of what the consumer needs, that's gasoline and diesel. i don't think anybody realizes that. i don't see cars running around burning crude oil or jet airplanes. >> right. herald hamm. he did say we could slow things down but obviously he thinks oil is not crashing here. mad money back after the break. go ahead and put your bag right here. have a nice flight! traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time flights are nothing if we can't get your things there too. it's no wonder more people choose delta than any other airline. the all new, head turning cadillac ats coupe. it's irresistible. ♪ >>> this whole market is about marge right now. the price of crude crushed over the

penny penny traps, if the drops, and they can't, what does that mean for the bond market #and brent up from a high hit in june. a bear marketn and are going deeper into a bear market. november 27, a key date in your diary. opec, watch that one. up next, containing the crisis. the u.k. steps up security screenings for ebola at points of arrival. we will talk about that when we come back. if you can join the conversation, please do. ♪ >> accomack, you are watching "the pulse." half past the hour and i am guy johnson. these are the top headlines. will start screening for ebola on planes that enter the country. president of the the world bank says the global response to the crisis is way behind the curve. more on this story in a few minutes. in britain, the u.k. independence party first elected mp seat. hong kong pro-democracy protest border on the the streets today. this comes as the government begins talks hoping to end the standoff. 12:30 here in london. that is according to one of the student groups. let's get more on this angle. let's talk to david tweed, he is in hong kong. developme

brent. now, my next guest we can't talk about ebola enough in many ways. victor says he wish the government were talking to hospitals like his. thank you for coming in. people who work for you ready? have they been trained, are they ready to deal with ebola if they have to? >> physicians, nurses, hospital personnel deal with infectious diseases every day, we're waiting with patients with h1n1, sars, whatever you want to call it, we're constantly trained and equipped for that kind of stuff. >> what about ebola? >> ebola in particular because of the severity of the outcomes, a lot of these other flu like symptoms we're able to overcome with our immune symptoms. responding to ebola is a virility disease, even healthy people are scumming to it. we do need to tighten what we're doing. we need to retrain our staff -- >> i want to ask how you're doing that. say you have people that are working for you and they have a case that is suspected for whatever reason to be a possible ebola skace. >> what's the first thing you tell them to do. >> isolate and contain. (?)

he is justin brent... she is lisa ann, age 42. t-m-z reports, *she made the first contact, by reaching out to brent with a few photos on instagram. t-m-z says they were on a date. the decision by toys r us to pull the "breaking bad" action figures from its stores isn't going over well with one of the actors from the popular show. aaron paul, who played meth cooker jesse pinkman on the series tweeted this.. "wait, so toys r us pulled all of the breaking bad figures from their shelves and still sells barbie? hmmmm...i wonder what is more damaging?" we might have seen the last new episode of t-l-c's "here comes honey boo boo." reports have surfaced that june shannon, or 'mama june,' is dating a convicted sex offender. t-m-z reports that shannon has rekindled her romance with mark mcdaniel... who reportedly went to jail for molesting a child in shannons family. t-l-c says they're reassessing the future of the series. we will stay on top of that one. another hilarious episode of the "funny or die" series "between two ferns". zach galif

brent, thanks for joining us. when you did this report, i want to stick to the reporting, because i think it's news to a lot of people. these cases involve real violence, not shoving, but fists and injuries, and would normally call in the courts, assault and battery. yet, whether they're considered felonies outside of the league, in the terms of the league's own discipline, they're a game suspension, or two-game suspension. what do you make of that? >> a lot of them are misdemeanor battery cases. you could certainly say the nfl has been lenient on this issue going back to 2000. there's been 90 since the year 2000. what's changed is the outrage over the release of the video there was never the public outrage until people saw what it looked like on camera. the league handling it with a one or two-game suspension. these cases are hard to prosecute in the court and by district attorneys. i think the nfl has tried to follow the lead of law enforcement authorities when they try to punish these players and it's not alway

very interesting brent just turned away about half an hour ago.'ll make some phone calls about that. >> in the meantime, the nasdaq yu y underperforming slightly today. micron, priceline and gilead weighing on that index. >> a rough start for vivint solar. shares now down 9% today. down about 24% since the ip on that. this despite a new international energy association report stating solar could be the world's leading energy source by 2050. other solar stocks have performed quite nicely this year, but they're mostly down today. but the market is coming back, so they may change. first solar up 42%, solar city 50%. to get to the bottom of it all, we've constructed a solar panel of our own. and we also want to hear from you. would you install solar panels in your home? go to cnbc.com/vote to weigh in. we'll start out with shirley, knows all about the process for actually getting solar panels installed. what are the factors that either an institution like a school or a hospital or a single family home, what do they need to consider to decide whether o

and long terms of brent, is looking into how often it falls into bear markets. in a bear market right now. if you go back to last couple of years, we only have entered a bear market in 2013 and 2009. in each of those other years, we have fallen at least 20%. fundamentally, are we in better shape now than in the previous years when europe seem to be falling apart? >> that is exactly right. i don't think it is an ambition as it is supply issue. haven't done it. we can only speculate as to why they're doing it this time around. like i said, i think those two main reasons, the islamic state and market share, or the u.s. revolution, our corporate of the argument. there's also the issue that lower oil prices do hurt russia, and that is something that europe and the u.s. have been -- >> and robert alberson's world, what are the ramifications of down tempers and from here? $75 west to call it texas intermediate. what does that mean? >> it means you're going to start slowing down. get down to 75 dollars. it means some of the countries that produce oil, mainly russia, ira

brent to $85 a barrel.ach down 15 from the previous forecast. >> i mean, look, first, i'll dispute this call because brent i think is trading with west texas, that's what's going on. so i thought this call -- i was kind of surprised about this. surprised being code for like what are you talk about? there is a series of downgrades. boxen one at risk, using rail because they haven't built a pipe, so the price differential is not much differents. the parts of the call, they are questioning continental. i question the downgrade of anadarko because anadarko's got great international resources. >> anadarko eventually, if there's consolidation, will be takeover. it is a takeover candidate that would get taken about there's a wave of consolidation that hit as among the majors. >> you'll see exxon report on friday, show no growth. people will fawn all over it, except me, because they have no growth. chevron will have some growth. both companies need to do acquisitions as total but we don't know what the new ceo is t

brent futures have tumbled nearly 15% year-to-date despite worldwide gee your political attention.t's bring in garrett lewis. geopolitical tensions have been on our radar for quite some time. why are we now seeing the price of oil move lower? >> it's moving low because crude inventories have been increasing. so in effect, supplies have been exceeding demand. opec normally adjusts its production downwards in circumstances to protect price. there's been no evidence that that has been the case so far. in terms of geopolitics, i think earlier in the year there was perception that production has been damaged by the situation in iraq. and that was seen not to be the case. since that point, there's been a drift downward in prices. but we think that will change. >> garrett, were you surprised that the saudis didn't cut production? >> i think the saudis quite often like to be ee anythinigmat things. there has been some suggestion that they need to cut some points, but they have not been clear as to when and by how much. i think what we've seep in the past that saudi arabia has taken the hea

this week brent oil, the global benchmark, fell to about $80 a barrel, nearing a four-year low. why? well, today the world is awash in oil. there's too much supply and too little demand. the world's largest and second largest economies are probably the most responsible, that would be the united states and china. the china piece of the story is fascinating. >> the head of morgan stanley's emerging markets investments points out over the last decade chinese oil demand has been increasing on average 7% a year until now. the chinese juggernaut seemingly insatiable appetite for commodities like oil has screeched to a halt. growth in chinese demand for oil is currently running at about zero. this comes as a huge surprise. china accounted for about 50% of the increase in oil demand over the past ten years. shearna points out. the second reason for the plummeting oil prices, too much supply. the newest report from the international energy agency, the energy industry's watch dog, shows that global oil supply in september was almost 2.8 million barrels per day higher than the previous yea

the first is from this morning saying that brent crude is heading lower.haps as low as $80 barrel by the summer of 2015 and roughly $5 from where it is right now. this is a radical change from the previous protection of $100 but i'm also looking at a note from january of last year where goldman said it could hit $150 barrel by summer of 2014. they said oil would soar two years ago and now says it will plummet. let's go over the two. the blown one because it never got too high. and this one made today that scared everybody. last year when the influential goldman sachs oil analyst made his super spike call he said despite the u.s. boom the price of crude would remain high because of sanctions related supply disruptions from iran. at the time the saudis were pumping at the 30 year high imlying, that's right, the note implied that the huge producer was giving it all she got but while global oil demand has increased at a slower pace it's still growing faster than the production increases. the goldman client note from back then says we're not out of the woods ye

brent crude prices are concerned about europe's slowdown. so that's weighing because brent typically trade to premium of west texas. as that sells off you start to see west texas come down with it. a lot of concern that oil might come back down into the 70s. david: wow. >> that is not something i wouldn't totally rule out. liz: i will take. that i don't care when the reason is. oliver, if the market is irrational, help us find rationality within it. you have names here. among them, verizon, cvs, pepsi, apple. why these names? what do they have? what kind of supersonic in move might they later provide in a portfolio? >> i don't know about a supersonic move, but here what you want to look for as investors. look for strong balance sheet. dividend payers. companies that raise their dividends. this is critical. predictable earnings. what do companies like caremark, verizon, at&t, pepsico, apple have in common? rock solid balance sheets, decent dividend. history of raising their dividend in many cases. that's what you really want. don't have a two

despite the fact we have declines in brent crude we are getting a bounce. other than that very, very rough day, probably six to one declining to advancing stocks. >> thank you very much. we told you about the bond market seeing a lot of cash inflow but we have options this week. today it is the three year. what does it look like? >> we give it an a minus. we know it is getting a lot more exciting. tomorrow tens and then followed by 30s. today the yield on 27 billion new three years to hit the market. what was the issue bid side? 1% offered at 99.5. so we are under and under is a good thing. lower yield, higher price. let's go through the internals. that equals february 2014. we have to go to 2013 to find a higher one. 33.5 and indirect almost exactly the average. just a little below average. dealers take down 47%. and, of course, interested in tens and will come in at 21 billion. back to you. >> thank you very much. to the nasdaq, year to date the qqqs are up 11%. in the last month they have lost ground more than 2%. morgan brennan is at the nasdaq. how doe

we're looking at brent crude oil which has fallen closer to 25%. inflation is a key factor for central banks. let's not forget the u.s. federal reserve and bank of japan will be holding policy meetings this week, so big focus on what central banks do. also, some concern ahead of the fed and policy decisions will be keeping an eye out for earnings as well. now, canon came out with earnings after the markets closed yesterday. the camera maker reported earnings which actually fell or little bit below estimates at its july to september profits fell, but it did raise full year profit forecast on the weaker yen. so we'll watch out for that as well. >> as you mentioned, investors always keep a close eye on what policymakers have to say. where the is the dollar trading against the yen ahead of the meetings? >> in fact, doll lehr yen now, 107.62. there hadn't been too much -- and gdp out of the u.s. investors also watching developments in china. the government revealed its foreign exchange reserves fell by $100 billion in the third quarter. some analysts ar

i would not be surprised if we see a bump up in the price range of brent and wti as a result. >> canou give whether this is a valid concept or not. hearing about the saudis intentionally driving down the prices of oil to teach the u.s. shale players a lesson to speak or the put pressure on the russians validity? >> i have no way to know the validity of that. certainly officials have made it clear that certainly at prices under 90 u.s. shale production begins to slide. we did analysis today that indicates that even if the price of wti were at 70 the u.s. would still be increasing crude production. i think if the middle east guys have this in mind they are going to be surprised at the gritty robustness of the u.s. production. >> a question about the liquidation selling on the opening that we've all been talking about and i'm sure on your desk. quite the opposite of the bonds, where everybody was bearish on the bonds, in crude oil they were holding on to these things and as it drove down to basically break 80 here there was forced liquidation selling, just no doubt about it that made th

[inaudible] in terms of what we're seeing with with brent right now trading around 83.70 after a four year low earlier this morning and driving the brent a little rebound of course is the fact that it's gotten beaten down a lot of traders with a lot of different opinions how to read this data. some saying they want to stay away from train trading at all because they are not sure which way it will go. but again we're breaking under 81 and 80.89. and the $80 level is a key technical level. if we see more selling, lots of people are saying mid 70s is where we could go next. opec continuing to lower its price, digging its heels in saying we're not going to cut production. we're going to take the lower prices into account. that's it for us here at the nymex. >> jackie, i think just the noise level and activity behind you is evident how important that $80 level is for the crude market. it is a wild day across the entire market. plenty of volatility but right now stocks have been whip sawed nearly into positive territory. the nasdaq touched correction territory earlier this morning but now d

but brent is here with us tonight and sd the outlets are doing their job. the idea that the media has not been doing enough. the washington post wrote this piece that said if t america media had paid more attention to ebola over the sumr that atteion would have been given to it, and maybe that uld have slowed down the spread of the virus. so what do you make firstf that argument? >> well, i think dare half right. i ink the washington post is right in pointing out that they didn't. was kind of like the obamacare website roll out. people overlooked the fact that it took the networks two and a half weeks to focus on this disaster. ebola broke in september. it only was starting to get covered about a week ago. you could say, yes, they were late to the game. however, can we blame abc news for ebola? no. can we say it would he spurred this administration to act when it's still not acting. i don't think u can ke that claim. >> that was happening before we got to this point. now, that we're here -- even here on a friday night, the other argument and i'm sure there'