on the desk tonight, bonawyn eison, courtney garcia, guy adami and steve grasso we start off with stocksslidin into the weekend, dropping sharply midday the sell-off seemed to be sparked by apple the world's biggest company closing the day down 5%, its biggest loss since last september for a week s&p 500 and nasdaq both more than 2%. each indices posted their worst weekly performances since march. the vix rocketed higher closing above 17 for the first time since may. is this a case of as goes apple so goes the market what can we expect courtney, what do you think? >> i think when it comes to am you saw apple traded lower around 2:00 and so did the marks. when you look at the s&p 500, apple is the largest holding what's happening today is apple was not doing well amazon actually was doing fantastic but apple is more than twice the weighting of amazon, so that's why the markets are going to take the lead there not the mention that fact that berkshire hathaway also owns apple. the markets are really overexposed to this. that's what you're seeing it trade on i was cautioning advisers, make sure yo

. >> kate, thank you courtney garcia is our trader today. would you do with starbucks, courtney? >> i'm optimistic. i would be a buyer of starbucks. i think the big thing with them is i would not discount the customer base. you just brought up some good points how they have had a lot of competition, but they have over 31 million active users, and have been able to increase prices about 7.4% over the last four years i think this shows how loyal their customer base is people still want their starbucks. i think the big story is going to be china. the chinese recovery has been slower than people expected. if we get an inclination of that picking back up, that would be a good thing if we don't, you'll see the opposite that shows trends of the overall chinese economy when you look at the macro sense. and lastly, just how it is affecting your consumer discretionary items. it's tended to hold up well. >> we have crude breaking out. maybe they can help clarify things for us. we move on to pintrest shares are down about 20%, but investors are excited