david riedel, thank you very much. vid is with riedel research group. >> thank you. >>> and a bit more now on china. richmond federal reserve president jeffrey lacker says the fed is watching what's happening in that country very closely. he added, however, that it remains unclear what impact the drop in the stock market and in the yuan will have on the u.s. economy. and in a separate speech chicago fed president charles evans echoed those comments, saying the central bank is monitoring global events. >>> still ahead, the beaten down sector that was a bright spot in today's otherwise bleak market. but first a look at the 30 stocks in the dow. walmart was the only one that closed higher on the session. ♪ >>> the number of americans filing first-time unemployment benefits fell last week. initial jobless claims dropped by 10,000 to a seasonally adjusted 277,000. that remains near historic lows. in a separate report global outplacement firm challenger, gray & christmas said planned job cuts last month fell to a 15-year low.