our pinnacle this and toolbar to clovis this is an ancient instrument and dates back to eighth century before christ is that so many sermon has two strings and course here is the use. he has a name change for the wait was originally designed this one is in the modern has four strings and is a prototype of the violence has a violent like sounds. the special feature of the mufti said they were the first to move away from the tradition of plain people dressed in a sitting position with the help of a specially designed defines these women started plane while standing the four week old this device corps in transformer he cannot be attached to waste as well as to the lack of it all depends on the costume if we are wearing a dress then of course attaches to the waist and if we are wearing pants that we attach it to the lack of this is far greater comfort when playing as well as move across the stage sometimes even dancing. my stuff with them and when officials from the all important right now we are designing a more perfect impression of the course and we already received the basis for it aft

our next candidate is sam clovis. [applause] >> i'm professor. i will use the podium. that the united states senate race in iowa is not a beauty contest. [laughter] on the ite third stop is not just a rather pretty -- another pretty face tour. i am proud to be a republican. i'm not going to give you the stump speech tonight. i'm going to talk to you about being a republican. right now and our party we have a lot of factions. there is a lot of tension. i want to tell you how proud i am to be a republican. those tensions, those fights that are going on right now are this the best pathway for country to liberty. the best pathway for this country to be on a path to get back to the opportunities that were promised to us in the declaration of independence and the constitution. we are on a pathway, to make sure that we get back and hit the reset button for this nation , so that in 2015, when they see the new congress, and in 2017 when we see the republican president, that we have within us the authority of the constitution of this country to start dismantling this to struct t

barbara from clovis told me, there are some many people who work for minimum wage and have a desperately hard time paying the bills. liz from albuquerque says, i hope you will do all in your power to assure that every working american will be assured of making a living wage, not just a minimum wage. increasing the minimum wage helps families and the economy. it is one of the best thing is that we can do to kickstart new mexico's economy. it means workers in new mexico would have over $200 million more to spend, boosting the state gdp by 127 million, helping local businesses and generating 500 new jobs. it means moving forward. and it means that we honor an important idea, that folks receive a fair day's page for a hard day's work. that is the deal, and is a big deal. let's consider the alternative. and every year costs rise and the minimum wage stays the same that is like a pay cut for families that can least afford it. the bill will for us increases the minimum wage in three steps. it raises the minimum wage by less than $1.6 months after the bill is signed. one year later it pumps up t

alexion, clovis, gilead.ocks, price line, netflix, facebook, amazon, google, you name them, to the downside. another bad sign for the bulls here, ally financial. it is the biggest of the year, down 4.5% in its debut. also rite aid reporting a better than expected quarterly profit due to strong pharmacy sales. currently up 10%. then adp moving to session lows after opening higher on news the company is planning to spin off its dealer service business. moody's and standard and poor's governing counc downgraded the company on that bit of news. back over to you guys. >> for more on the spinoff and the downgrade which brings the universe of companies down by 25% that have a aaa rating. joined now by the chief financial officer of adp. >> also a member of cnbc's cfo counsel. i couldn't help but notice a little angst with the news of the downgrade. >> overall the news was well perceived. we know our investors appreciate the action and obviously in a tough day like this i think the stock has hold up relatively well.

among the big movers today, clovis, celgene, alexion, biogen, so the volatility continues in the biotech what are your thoughts as you see that yet again? >> i think they're somewhat vulnerable. the nasdaq has given back basically all of yesterday's gain, and that has a good degree of significance. i think the viewers want to watch if we break the nasdaq composite breaks 4,100. that may bring in some residual selling. certainly if we break 4,050, then i think you may get some anxiety selling, people saying, "wait a minute, this isn't working. this bounce has been a false bounce." now, i'll throw in a little bit of wall street folk lore, having done this 50 years, but traditionally it is assumed that the thursday before option expiration week has a higher rate of volatility than almost any other day. and probably 70% likelihood of being down. >> but you have cautioned before on what happens when biotech leads a sell-off. do you think there's any reason to believe there's anything more auspicious going on beyond just that folklore? >> the thing that's troubling to me is take a look at the