cashin' in firing up your weekend starts right now. >> hey, everyone. welcome to cashin' in. the latest on the u.s. ebola scare in a moment. but first, no job, no handouts. new mexico becoming the latest state planning to reverse president obama's halt on health care recipients. they wanted folks to work to get food stamps. >> this was the law. there was a break in the law because of the downturn in 2007. i don't see any reason why not. why shouldn't everybody work a little bit? and part of the law is you can do charitable work. so yeah everybody should work. >> so michelle here's the way it went down. president clinton in '96 passed the personal responsibility and work opportunity reconciliation act to at least work a little bit or try to look for work and other things like stricter eligibility requirements or certain things for illegals or immigrants i'm sorry. president obama in 2012 said that's too restrictive. let's lift the restrictions. your thoughts. >> i think every single state should be following the example of new mexico. if you look at new mexico, there are 26,00

coming from the great tenor in art cashin.ur 23rd year at cnbc. >> yes, it is. >> i couldn't help but notice that july 17, when we might have had one of these last time, was the high for the market. now hampton pearson has run a test for us. if you look at the performance from july 17th to august 7th, typically the market sells off on average about 0.6%, considerable, this year 1.9%. i told you i'd find a market gauge even more trusty for you. >> a new indicator. >> yes, we do. >> no, i'm not retiring. would you like some cake, gordon? >> it's your birthday. >> would you like some cake? >> no. >> are we even now? >> yes, we ear even. >> thank you, ralph. no, i'm not taking another sabbatical. okay? this is just a birthday thing. thank you so much. >> happy birthday. >> now, gentlemen -- >> where are we now? >> something about iraq going on. i've foorrgotten. >> going into the weekend here. i'm going to segue here. i mean, there's stale lot more to come. germany for one, the dax is still close to a key support level right now,

the cashin' in coming up at 11:30. 11:30. >> okay.rthan real teeth.erent they're about ten times softer and have surface pores where bacteria n multiply. polident kills 99.99% of odor-causing bacteria and helps dissolve stains. for a cleaner, fresher, brighter denture everyday. >>> the market may be soaring but consumer spending is stall i ing. the prices on virtually everything climbing. so gary b, why again are we seeing the disconnect between wall street and main street? >>5& factors, and the first is that where else are you going to go n now? the bond yields are low, and people are not going to put it in there because they are suffering through it, and the stacks are i guess the best athlete. and the second is that the fed is still not tightening, and they are talking like they might tighten, but we have cushy money. and the economy is slowly improving and chuck is going to say that is all obama's backing, but whether he is for it or against it or whatever, the economy+noçslowly performing, and there are not a lot of bulls out the

more hot spots, the world's collective attention is diluted a bit, art cashin.t's fair to say, i think. perhaps a move in crude. be real ichk. a lot of pyne liipelines in thi region. russia none more for gas than oil, but the second largest -- >> the data you believe oil producer in the world and now you've got a nation that, if it does retaliate to the point of the former ambassador to russia, as he just said, will happen if indeed these reports are true, you're going have an isolated bear increasingly. i use that word obviously with pointed past meaning. in the world that controls a lot of the stuff that we need. >> and also leading to exacerbating the volatility somewhat is we have a weekend coming up. so these developments, what happens over the next several days trigge s traders won't be interact with. >> and then add this sort of extra volatility already into now these headlines? >> right. so everyone is going to get as much data as possible and then will try and figure out, how can i position myself to go into the weekend? limit my losses, and to -- i thi

cashin' in firing up your weekend starts right now.

cashin in, eric. what have you got coming up? >> well, hello, brenda.aying ranson for citizens held ransom. should we do it? and plus, taxpayers paying for illegal kids to go to school. the cashin' in coming up at 11:30. >> okay. we will look forward to it. and instead of our wallets getting fatter, and lawmakers are getting grilled. what is behind this disconnect? thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. >>> coming up, consumers getting grilled on the grill this weekend. what is driving the price spikes? >>> the market may be soaring but consumer spending is stall i ing. the prices on virtually everything climbing. so gary b, why again are we seeing the disconnect between wall street and main street? >>5& factors, and the first is

cashin in, eric. what have you got coming up? >> well, hello, brenda.ng ranson for citizens held ransom. should we do it? and plus, taxpayers paying for illegal kids to go to school. the cashin' in coming up at 11:30. stuart! stuart! stuart! stuart! ♪ check it out. this my account thing. we can tweet directly toa comcast expert for help. or we can select a time for them to call us back. the future, right? ♪ this doesn't do it for you? [ doorbell rings, dog barks ] oh, that's what blows your mind -- the advanced technology of a doorbell.. [ male announcer ] tweet an expert and schedule a callback from any device. introducing the xfinity my account app. >>> the market may be soaring but consumer spending is stall i ing. the prices on virtually everything climbing. so gary b, why again are we seeing the disconnect between wall street and main street? >>5& factors, and the first is that where else are you going to go n now? the bond yields are low, and people are not going to put it in there because they are suffering through it, and the stacks are i guess

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art cashin from ubs. >>> iphone6 expected to launch next month with a bigger screen, but apple fans needselves for supply shortages. mori on that after the break. here at fidelity, we give you the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and e-trade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. call or click to open your fidelity account today. that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. . >>> about an hour into the trading day. we are watching yellen speaking at the

welcome to "cashin' in." michelle, the real penchant in the heartland. a racial penchant in the heartland, lack of opportunity or opportunistic thugs? >> these are opportunistic thugs without morals. unfortunately there are a lot of people suffering in this economy but they don't go and damage private property like what's happening in ferguson. the people in ferguson, they don't care about michael brown. they are trying to get free stuff. that's what this whole thing is about. 163 people have been arrested so far. only 7 of those 163 people are actually from ferguson. so what we're seeing is tons of criminal tourism. people are coming from new york, chicago, coming to get free stuff to take advantage of a very unfortunate situation. >> dr. bevan, do you mind if i call you that, by the way, what is it the opportunistic thugs as michelle pound the out or lack of opportunity among the black in the area or frankly in the country. >> criminal tourism, i like that term. i'll give her credit, though. there's a small number of folks that are doing this from outs

they should leave politics to us here on "cashin' in" and the folks on twitter. >> wayne, some of your hollywood made those comments and they back tracked and saying oh, i really don't know what i'm talking about on foreign policy. what was i thinking about. >> well, i don't blame them, eric, i blame the press. why would the press do that? you wouldn't go to a brick layer to get your teeth fixed so why would anybody go to hollywood celebrities and expect them to expound on foreign policy that made any sense? it's dumber than a box of hammers. i don't get it. but i blame the press. i don't blame my fellow people in hollywood. >> sometimes they put them up on social media and whatnot. your thought on celebrities and hollywood weighing in on foreign policy? >> hey look, lord knows we don't need more pundits, but this is america. they have every single right to do that, and they're putting their brands on the line. so i think that it says a lot about how seriously they take this. i don't understand why so many people think that just because you have makeup and a microphone, never worked in

here on the floor with art cashin of ubs.the man on the street, i say i recognize you, i know you've been looking at a lot of markets offense the years. what would you tell them about this one? >> i think it is a nervous market. geopolitics are here. going into the close, we don't have much to buy on close. we look to the president making a statement immediately after the close. that's 90% probably going to be about the ukraine. and if not, it will be about syria. none of those things is good. what we're doing here is still taking a lead from europe. we come in, sold down with europe when europe didn't completely collapse. came back in the afternoon on hopes. it will be a nervous market overnight. i think we'll continue nervous for couple of weeks. this geopolitical thing is going to hang around. >> markets largely brush that off though, right? >> it has. and to tell you the truth, scott, i worry a little bit about complacency. you talk about complacency about the economy. but we all assume that these geopolitical risks are b

i think cashin was interested in 1917.o break-even for the week, if you want to avoid a third losing week on the dow, need about another 55 or 57 points. >>> this would be the third straight down week for the dow, according to market meister that hasn't happened since last august in over a year. >> four straight weeks. >> yes. >>> when we come back, vc financing is "a wait of time" and can be bad for start-ups. looking at numbers behind the claim and tell you what we found. that when "squawk alley" comes back. w car smell and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you use it, you're not just shopping for goods. you're shopping for something great. learn more at buypowercard.com hi, credit report site andour i have a problem. i need to speak with your fraud resolution department. ugh, we don't have that.

art cashin said earlier talking about volumes yesterday, bad. a lot of people looking towards the weekend. saw that volatility actually dip to absolutely incredible levels again today. getting towards the 12 level again. here we are spiking once again back up above the 200 day moving average. certainly the fear index telling us what's going on and amazing how quick that can spike. i think, scott, an interesting part about the way the market's moving, opportunities. the airlines stocks last a time, very bad headlines, really got smacked around. this time they've sold off, but not smacked around the way last time. keep an eye on that area. i always look for the opportunities in these reactions to some of these news events that sometimes over time will likely start to pass by a little bit later. right now, the opportunities have not really presented themselves the way they have in the past. >> doc, almost a week ago to the moment when a seemingly positive headline came out of russia. and the market turned around and railed almost 180, 190 points? >

the one and only art cashin weighs in next on "squawk alley."ns about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. developers are all about speeds and feeds. it's all about latency. it's all about how fast does it run. i often sit with enterprises who ask me about how mission critical and how's the performance of the cloud. and i tell them, if you can make gamers happy, you can make anybody happy. speed is made with the ibm cloud. the ibm cloud is the cloud for business. hi, credit report site andour i have a problem. i need to speak with your fraud resolution department. ugh, we don't have that. what should i tell him? just make that super annoying modem noise... (shuuuu

art cashin joining us, head of floor operations for ubs.u told us there was significant amount of buy orders on the close, and sure enough, the dow turned positive there at the bell. >> yes, it did. in fact, shortly before people were anticipating there was over $1 billion on balance to buy. and when people saw that, there was a little short covering and people getting out of the way. kelly, ordinarily, the market on close program might add maybe 100 to 120 million shares. this one added nearly 240 million. >> wow. >> so, that gives you an idea of the size, and that's why it had such a major influence. >> art, are you surprised, especially because we were wondering earlier in the session today if people, in fact, would be coming back from their vacations, back from a quiet august, looking at the world around them and thinking they don't want exposure to equities here. are you surprised with the strength of the markets going into this long weekend? >> not entirely. as we discussed earlier, friday before a three-day weekend has a 65% to 70% u

art cashin joins us director for praises and cnbc contributor.portant in the break to us explaining the trades we just talk and. today's not actually from your perspective about iraq. it's about the ukraine? >> yeah. the iraq situation could be far more dramatic in the future but for today it's all about the ukraine, and it is the fact that you've seen the rebel leader in the ukraine resign, and be replaceed by a ukrainian local. that kind of opens up some possibilities, that is, in fact, rumor. noc not the right yesterday that spiked the russian market intraday and has given russia a bounce. going into the weekend, you have cooing noises coming out of the kremlin and you've got a change in leadership that possibly opens the door to some further negotiation. >> surely there's a lot of nervousness out there with the situation in iraq. i mean, these are not problems that are going away over the weekend. in fact, they only look to be escalatin escalating. think about russia, the u.s. and europe, a trade war is brewing? >> no yes. -- no question. but

let's bring in art cashin, director of floor operations with ubs.ee you. >> morning. >> how should we read the jobs number and what it means for how the market's going to trade? now we're back to this conversation that bad news is good news? >> well, there's a little bit of that. and you had a mild bout of euphoria because the jobs number was as everyone said a goldilocks number. but the futures are beginning to weigh down here. that's the european influence, i think. which was around yesterday. portugal in particular, some internal technicals, david and sara and i discussed yesterday morning the importance of the 1950 level and that we would get the heavier selling if we broke it. we did. and technically that count probably could take you down to 1920 or maybe even a little bit below that. doesn't have to happen all in one day. so you've got negative pressures. you've got some influences from europe. and again yesterday, people tried to lay it at the feet of a variety of things. but if you looked at the overall picture, it was clearly a financial i

a few minutes before the bell, art cashin, director of floor operations at ubs.ood morning to that. in addition to the news simon told us, we have a miss on spending, right? we have euro zone, cpi barely moving, we got the u.s. calling putin a liar, and premarkets unphase. >> well, no, they are having a sigh of relief in the sense that no new shoe has dropped, and the quote-on-quote invasion appears to be limited to something under a thousand people, which is other times deemed to be advisers or special forces group, and, again, it looks like putin is trying to establish a land corridor to crimea, so the level of anxiety is lower, although we still have to chew on the news that simon put out about the terrorist level in the u.k. being advanced. that could be something to address later on friday before a three-day weekend, traditionally, 70% bias to the upside, but that's a lot to chew on. >> the 2,000 level for the s&p is a wobbly place for the market, closing above it once, slid back below, and what's the significance of it? >> well, it really on the chart is no

"cashin in" in just over an hour. what is coming up, eric? >> find out what is whoopee spewing over the donald. and what is causing food stamp recipients to work for the benefits. and the high food bill, and what to look for. that is coming up next. >> okay. >>> and a new law kicking consumers when they are down by kicking the taxes and the grocery bills up. >>> iraq and the u.s., senator graham is going to weigh in, plus our panel as with well on the next "fox news sunday." jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. of sugar could have you paying up if one lawmaker has his way. >>> you nknow a spoonful of sugr may help the medicine go down, but it could soon have your grocery bill going up. democratic congresswoman rosa delauro is pus

. >> wall street veteran art cashin sharing wisdom to the opening bell.es, the concerns overseas, russia, ukraine weighs on this market. coming off the record highs, but the dow set to open down 73 points following europe's lead. more "squawk on the street" when we return. company? company? that's enough time to record a memo. idea for sales giveaway. return a call. sign a contract. pick a tie. take a break with mr. duck. practice up for the business trip. fly to florida. win an award. close a deal. hire an intern. and still have time to spare. go to comcastbusiness.com/ checkyourspeed if we can't offer faster speeds - or save you money - we'll give you $150. comcast business. built for business. if energy could come from anything?. or if power could go anywhere? or if light could seek out the dark? what would happen if that happens? anything. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where

i spoke to art cashin, ub sfls' director on floor.ing long this market into what could be a real catalyst for the markets one way or the other. that's an interesting position to be long going too something that could send at least a few shockwaves through the market. >> there is a fair a xlcomplacey about the events at jackson hole. dominic chu. there it is, dow goes out with a gain, s&p new record high. kelly evans picks up the second hour of "the bell." some big earnings on tap. don't go anywhere. >>> thank you. welcome to the "closing bell," everybody. i'm kelly evans. if you just saw that animation, you know what that means. the s&p 500 for, i believe, the 28th time this year, is closing at a record high. looks like it is going out at a level of about 1,99 putting it not only above the closing high of july 24th but also the intraday high we saw at 1,991. pretty strong session adding almost six points. the dow paring some gains, it was up as much as 91. looks like it is going out at 61. first time that index closed above 17,000 sin

art cashin flagged the 1,970 level as resistance to watch.ho will win the battle of the home improvement retailers? home depot and lowe's posting earnings this week. the pros swing their hammers on which stock you should buy, next. >>> also coming up, several biotechs hitting all-time highs today, helping to push the nasdaq to 13-year highs. we will check in with seema mody on the names moving over there. don't touch that remote. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> welcome back. we're looking at the major indexes now. the s&p and the dow only a percent or two away from their all-time highs. the nasdaq, meanwhile, with today's trading session pretty much going back towards its 52-week high. tyler. >>> all

on art cashin is director. >> art, you know, i read your notes that you send me every day, thank you. you think it's going to come down to whether or not there were actual casualties as to how the market handicaps this? >> yeah, the traders are having a bit of a problem. the reason we are off the lows is that there's no clear statement coming out of russia. almost all the conversations have come out of the ukraine, and we're seeing some gnomelies that rick is referring to. gold you would have thought would have spiked. instead, it's not doing very much of anything. >>> he's -- he's basically that's what traders have been looking for. >> no second shoe has fallen, and that's why we're at the lows here. the volume has been very light. >> you can almost feel the nervousment. karkts or it's escalating. now, that being set. unless it really, really escalates. >> take care. >>> clashes with raising question about the mitt tarization about the american police departments. we'll look at the -- and where all this equipment is coming from. and you can join the conversation. should military equi

i laid it to cashin earlier.id, once we get back to the morning's highs, if we can hold that, then we'll see a rally and that's what happened. >> well, brent finally decided to rally a little bit after days going down. and so, energy rallied. that's a big reason why the dow's up late in the day. across the board, if you look, cyclicals are up. material's up 1%, tech's up 1%, financials are up. so, all those things -- goldman sachs is contributing. all those names are in the dow and that's what's kind of moving things up. it's a fairly broad rally, but energy's a leader. >> and earnings have helped? >> yeah, earnings. this is turning out to be one of the best quarters since 2011. so, earnings are getting close to 10%, double-digit growth, which we haven't seen since 2011. and revenues are at 5%. so, all those nay sayers used to complain about no revenue growth, we've got it. >> the financials were lagging, though, right? >> yes. >> i mean, if you took that out, you definitely had the 10% earnings growth in this qu

art cashin's take on this opening bell. take a look at futures. of the open right now, looks like we are set to continue the games with the dow looking set to open up 26 points. more "squawk on the street" from the new york stock exchange straight ahead. you want to be the best investor you can be. you want to cut through the noise of an overwhelming amount of analysis. [ all talking ] you want the insights that will help you decide which ideas to execute and which to leave behind. you want your trades executed in one second or less, guaranteed, and routed with institutional-quality technology. look no further. open an account and find more of the expertise you need to be a better investor. >>> let's bring in art cashin, joining us this morning at post nine. good to see you, art. >> good to be here. >> record highs, clean volume, what's it worth? >> jason at sun dial research put out a paper overnight talking about getting to new highs and low volume particularly with the month of september coming up. and, unfortunately, history gives us a muted p

our old friend art cashin will tell you our pricing prosperity. while this happens and asset managers have to reset their marks, it's the fact of the matter you should be using the sell-off of the market that's not really oz properly based. this is an indication of health that things are getting better. >> we've got to leave it there. thanks so much, guys. ty, up to you. >> sure, mark keisel is deputy chief officer he oversees the corporate bond fund. he's also bullish on the gaming sector. here to tell us why and some top picks is our friend mark. good to see you. welcome back. a couple years ago you mentioned two companies, wynn and mgm. if you had bought those stocks you would be up respectively 137% and 123%. you still like them both? mgm out with earnings today. >> hi, tyler. good to see you again. yes, we like mgm. what's amazing is the recovery in vegas, and mgm is a pure play. they have -- there's been no supply added for five years basically. s occupancy is 96% and ebitda was up 12%, so everybody is kicking in right now no mgm. >> wynn yo

. >> let's bring in art cashin.rning. >> there done appear to be a celebratory atmosphere on the floor today. >> well, it's -- the s&p usually doesn't inspire people to put hats out and a variety of other things. >> that's reserved for the dow. >> right. you get much more action out of the dow. but it's -- it's an achievement. they've been trying for some time and we've made it. interestingly, they made it and then there was no follow through. >> what does that mean? >> just that for all of the talk, it was more psychological than technical, you know? if it was a point that was technically important, people who are short and there are more than a few people short, would have said, my god, that's it, let me capitulate and cover my short. >> is it appropriate to mention we're super low volumes again today? >> it's not only appropriate, it's accurate. >> does that lessen the importance of the rally? does it mean we have to test it and go back over it when the volume picks up? september? >> well, over the decades i have

art cashin. >>> health care costs rise, and how are big companies handling?y turning to the workers as jim referenced in the last hour of the program. we have the details on the 2015 insurance plans back at hq. >> simon, be ready to be a better health care consumer. according to the national survey on health out this hour, and employers bet the best way to drive down costs now is put workers at the center of the decision, and in 20 15, that means we're going to have more skin in the game, all paying more outs of pocket costs, and to meet requirements for coverage to full-time workers under the act, the nation's companies are increasingly turning to lower costs, high deductible plans and over half the employers surveyed say they are expanding plan options while about a third will only offer high plans next year, that's up from 21% in 2014, and 75 % say no matter what, they are offering new online pricing and decision tools to help workers find lower cost alternatives. >> employers are looking to put their employees in the driver's seat. they are arming them wi

right below the 1920 level cashin says continues to be important. have a great weekend, guys. >> you, too. >> see you monday. as we turn it back to hq. >> welcome to the "halftime report." i'm michelle caruso-cabrera filling in for scott wapner. mike, josh and pete, stephanie with us, and also joining us today is stacey gilbert. the head of derivative strategy at suss xa hana financiwquehann >>> a chance of russian invasions of ukraine on the rise. situation in gaza deteriorating then in the markets, major sell-offs in europe and japan, despite up a that, the rough week for the u.s., stocks rebounding today. seen it over and over again, ladies and gentlemen. stocks move higher in the face of bad geopolitical risks. is this the move along, nothing to see here market? take to the traders. are you surprised by today's action, josh? >> i guess i'm not. look historically at once a military action starts, even a minor one, typically the market exhales and usually a lot of the drama takes place before whatever's going to happen. not that we've nis yate e i

the dow here trying to stay above that 17,000 mark, but art cashin just telling us, dom chu, athat it looks like we've got more selling orders coming in on the close here as the dow's off 38. >> yeah, as we head toward the close, there is at least a bunch more in terms of sell orders to try to match off at the close, so you might see a little downward pressure. but still, again, it's been a light week of trading so far. a lot of vacations happening right now. and despite the fact that we had both yellen and draghi both speaking, the central bank doubleheader, it didn't give traders that much of a reason to really, really pull the trigger on any kind of sell orders that they had. so, again, we're drifting kind of just off the lows of the session. but let's be honest, guys, it's been a nice run so far this week for the stocks overall. if you look at where the action was on the winning side of things, industrials, tech and financials. that's a nice thing to see if you're bullish in this marketplace to see those particular sectors doing well. in terms of the laggards, you saw energy becau

art cashin has been around forever and knows everything about the market. would a technical drop in stocks also move the bond market as well? >> lynn, any drop in stocks most likely is going to bring in buys, especially when you see the dow is under 16,5. because these technicians are on red alert. the problem comes in when stocks stabilize, interest rates don't seem to be ago buoyant, which means the bond market is a bit biased based on watching it every day, it seems to be buyed that weakness is the trade du jo jour. >> but it goes to the jitteryness of this market. let's just hope it's hyperbole, maybe trying to stir the european groups into action, but it shows how jumpy we are. >> absolutely. the poles have a stake in this, and they have been on the side expressen concern. let's just try to figure out the facts. i don't want to quite cause and effect. undoubtedly the market hits technical levels all the time, but it moved in proximity to the headlines. technicals may have exacerbated, but i'm quite sure the headlines is what were passed around here. ce

and art cashin pegged this earlier in the session with the dow on the open this morning up about 23 points. it hit a certain level, then

art cashin told us there were some sell orders on the close that could have contributed to that pressure:00 eastern time. joining our panel, john spalenzani, lee gallagher, our own dominic chu, and for more on today's market action, "fast money" trader tim seymour. welcome, everybody. john, first to you, because you say you call these things at 7:00 a.m. or the night before. did you see this one coming, this losing altitude, i mean? we almost went negative at the end of the session. >> i think it was mostly dow stocks. the s&p held in pretty well, over 1,930, which was positive. we hit a 1,920 pivot for a long time, so we were kind of short below 1,920, long above. that seemed to work out fine. financials were a little weak, tech was a little weak. the funny thing is, given the mlp news and the kmi, energy actually lagged today, so that kind of held down the dow a little bit, but they almost -- >> we'll definitely come back to the energy story. there's a lot to discuss on that one. >> yeah. >> tim, what do you make of the action today, especially the fact that against a backdrop of just

. >> this with a down near its session lows, art cashin pointing out moments ago, sliced try 1920 on the s&p things get interesting as traders look for the next level of support. hand it off to a group of them. time for the "halftime report" with scott wap nesh. >>. >> welcome. meet the players. jon najarian, and josh brown, also steph any link, and kenny and steve liesman back at cnbc headquarters. begin the conversation right now. kenny, what are we seeing in the market deteriorating a little from where we were not even 30, 40 minutes ago? >> right. understand there was a lot of technical damage yesterday. right? broke through the 50-day decisively and kind of in this no-man's-land at moment, building a foundation trying to find support 1910, 100 day moving average, stop look and see and feel if something is there and the next support level, 1857, i don't think it's going to. clearly, untilbuilds a base in here, in the the market gets over erratic behavior of yesterday it will continue to flounder. >> stephanie link, what's taking place? 's jobs report, weaker than anticipated, tha

as art cashin put it earlier, this is what geopolitical risk-off looks like, because it's not just stocks

. >> this with a down near its session lows, art cashin pointing out moments ago, sliced try 1920 onteresting as traders look for the next level of support. hand it off to a group of them. time for the "halftime report" with scott wap nesh. >>. >> welcome. meet the players. jon najarian, and josh brown, also steph any link, and kenny and steve liesman back at cnbc headquarters. begin the conversation right now. kenny, what are we seeing in the market deteriorating a little from where we were not even 30, 40 minutes ago? >> right. understand there was a lot of technical damage yesterday. right? broke through the -d

i did speak to art cashin arier today, he said his bias right now is to take a bit of risk off the tableose are some of the themes on the floor today. >>> so the big winner in august is the nasdaq, up more than 4%. melissa lee is following the big movers this hour. >> hey there, susan. some of the big winners, in fact making some new highs in today's session of know, take a look at shares of tesla. there's an agreement that it will build out 400 charging points across china. there'sing been a "wall street journal" report that china could consider a gas tax which will encourage the use of electric vehicles. as we're firing up the barbecues on monday, in china the tax incentives for electric vehicle will take effect. meantime we're also watching a lot of cybersecurity stock. take a look at fireeye. even though it's been a rough ride since its high back in march. a lot of the other names in this space, they're also moving higher sharply in today's session. we should keep in mind, too that fireeye, palo alto, fort net are getting a boost, but they've also been named as potential takeout targ

art cashin calls it geopolitical risk off response. what happens throughout the rest of the session. we'll be right back. don't just visit new york. visit tripadvisor new york. with millions of reviews, tripadvisor makes any destination better. i make a lot of purchases foand i get ass. lot in return with ink plus from chase. like 50,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can choose how to redeem my points. travel, gift cards, even cash back. and my rewards points won't expire. so you can make owning a business even more rewarding. ink from chase. so you can. >>> welcome back. it's been all the talk and indeed for the past week or so on cnbc, we've been talking about the ice bucket challenge to raise awareness and money for als. about $15.5 million have been donated so far, compared with just $1.8 million this time last year. so you can see the trend. and the top names in technology have

art cashin says there's some buying orders out there.nutes to go, we'll see if the s&p can close above 2,000 for the second time ever. of course, after doing that for first time yesterday. here on the floor with david zear, jonathan golub. jonathan, i'll go to you first, put you on the spot. last time we spoke, you made the argument, a couple weeks ago, that stocks are cheap. >> they are cheap. you know, if you look -- >> i haven't heard from many people who look at this market and say they're cheap. >> if you look at this compared to the beginning of the year, expectations for growth are higher now than they were on january 1st. the discount rate for stocks are looking at, you know, what bonds, yields are compared to stocks, much less attractive. on either basis, stocks look better today than the beginning of the year. >> you're a buyer even at these levels? >> 100%, and i'd be a buyer if the market was at 2,100. >> dave? >> i'd agree with that. i think that based on where interest rates are, you know, when short-term rates were less th

and my good friend, henry cashin who worked for chuck collison and our wives, we drove back to this inn where we were staying. there was a message to call haldeman urgently. this is like 1:30, 2:00 in the morning. so i called bob. he says, do you know anything about any plan to do something to the democratic committee over at the watergate? i said, i have no idea what you're talking about. he said, you haven't heard anything about this? nothing? i said, no, sir, i have not one thing. he said, okay. good night. that was the end of it. my point is that bob knew -- he was trying to find out what was going on. the night right after this had happened or whenever -- i may be a little off on whether it was 2:00 in the morning or 2:30 in the morning. i'm sure the white house log will show it because i called through the switchboard. but he's trying to figure out what happened. in terms of any preknowledge of any kind on his part, there was none. i'm convinced of it because of that story. >> to what extent did you pick up the reaction of haldeman and the president in the days that followed? >> i

and my good friend, henry cashin who worked for chuck collison and our wives, we drove back to this inn where we were staying. there was a message to call haldeman urgently. this is like 1:30, 2:00 in the morning. so i called bob. he says, do you know anything about any plan to do something to the democratic committee over at the watergate? i said, i have no idea what you're talking about. he said, you haven't heard anything about this? nothing? i said, no, sir, i have not one thing. he said, okay. good night. that was the end of it. my point is that bob knew -- he was trying to find out what was going on. the night right after this had happened or whenever -- i may be a little off on whether it was 2:00 in the morning or 2:30 in the morning. i'm sure the white house log will show it because i called through the switchboard. but he's trying to figure out what happened. in terms of any preknowledge of any kind on his part, there was none. i'm convinced of it because of that story. >> to what extent did you pick up the reaction of haldeman and the president in the days that followed? >> i