deirdre? >> david, there are estimates coming in from various sources about anywhere between specifically 14 and 20 victims. now treated at broward health medical center and broward north hospital. seemed like most news sources were 14. that number is unfortunately moving higher. a few have it at 20. we know the broward sheriff actually asked parents to wait actually, to go to the parents staging area until everything is clear. as your guests have been telling you, on the scene right now, you have county police. you have fbi, you have bureau of alcohol tobacco and firearms and explosives. all there on the scene. and we know that this scene is still considered live. so it seems as if the broward sheriff is just encouraging family members as upset as they are and as much as they want to be there, it try to wait to go to the parents staging area which has been set up. i understand it is five miles away at a mariott hotel. that is there for parents and loved ones. we also know, as i mentioned thes

smooth, deirdre bolton, adam adam lashinsky, it is a valid point he's raising it doesn't take much to make that debt pricey. >> it does not at all and i think this is the danger also of president trump tying his economic or administration success to the stock market, but as you say, it is going to make the debt more pricey and i think we're now the top five if you put us on a list of all of the industrial economies we're on the top five of better nations. neil: but we've had some rip roaring markets. gary b., one of the thins he was warning about that we have to be aware that interest rates were are ridiculously low and unrealistically so, so even if we get back to equilibrium that could be another excuse for the bears to say well you want to get out of dodge. what do you say? >> well, i think a lot of people are still viewing the fed inflation in terms of the 70s. i'm not going to say inflation has been banished and by that, you know the fed having to raise rates to play it off, but look at the landscape right now. who can raise prices? grocers can't raise prices, because instead of

deirdre: the alleged short is being transported. he was arrested without incident from what we understand. according to the a.p. and "miami herald," he was a troubled youth. he was 19 years old. he actually attended that school. he had been asked to leave in the past. he made threats against students and teachers to the point where he was not allowed on that campus with a backpack. he was known as somebody who had mental health issues with aggression. some former student who were interviewed said he was known to be obsessed with guns. one student said he always kept his distance from him. he is in custody. but the scene is have much alive. and that's part of what we are seeing now on our screens. the police are there, the fbi is there. all on the scene. from what we know, around 2:40 p.m. the shots were fired. we heard from one of our colleagues here at fox business who went to that high school years ago. he says he still knows many people there. and he spoke with kawrnt freshman on the same floor as the shooting. the building is th

deirdre bolton has the headlines. deirdre? reporter: screens showed green and the markets closed higher. investors focused on strong corporate investments and a strong economy. peter thiel says he's leaving silicon valley. he says the tech culture in the silicon valley is increasingly intell aren't of conservative views. it was a big week for cisco. it announced a 14% dividend hike and a plan to repatriate $16 billion from overseas. president trump considering a gas bump at the pump. he says a 25 cent a gallon tax could help fund the infrastructure plan. maria: the consumer price index rising and that sparked inflation fears among were versus investors caused the markets to spiral out of control but that did not last long. incredible market activity. volatility is back. trump's economic advisor gary cohn down played this. i want to talk about it right now with the president of macromavens and an economist. i love getting your take on this. you have been so right about this economy. i have some concerns right now. >> absolutely

. >> deirdre: i'm david asman, great to see you all after the bell as stocks wait for tomorrow here is what's happening right now. a bureau under fire, any moment now president trump will depart palm beach, florida making his way back to the white house after igniting a firestorm on social media. the commander-in-chief slamming the ongoing crisis with the fbi the ignored tips, botched investigations and allegations of political bias new details on how the agency failed to act on multiple warnings about the florida high school shooting suspect and the president's claim that the russia investigation got in the way. plus, justice for innocent lives taken way too soon. nikolas cruz appearing in court this afternoon, the latest on where the investigation stands right now. >> but president trump is getting ready to depart palm beach florida en route back to washington d.c. as blame is mounting on the fbi after multiple signals were missed ahead of the deadly florida shooting. blake burman live in d.c. with the very latest from the president, hi, blake. >> hi lauren and president trump over t

deirdre bolton is here with more on that. hey, deirdre. >> hi, trish. you and i have seen markets like this, this volatile. i don't mean to minimize what we're seeing on the screens at all, but this is not like 2008 where you had the 15-month downdraft, that was just down and down and down. i think we lost between 2008 and beginning of 2009, something like 50% this is not that. when you speak with people now, as you have been on your show, people say you know, the economic underpinnings for the economy, for the u.s. economy are pretty strong, right? with have unemployment at a 17-year low. we have wage growth showing certain amount of steadiness after almost a decade of nothing. there are a lot of positive points. corporate america are deliverying solidly on earnings. 80% of the companies reported so far exceeded estimates. so that is great. we haven't seen those levels since 2008, as far as the upside surprises with earnings. but as you're talking about these computers, yes, all selling and all buying is going to be exacerbated because we're in a new w

deirdre bolton, thank you. mr. treasury secretary, i think you have got some more work to do because you can still close the loophole and you should. >>> we'll head down to the floor of the new york stock exchange where we have a big, big rally going on. up nearly 200. stay with me. we're back right after this. in the eastern united states supported by innovative packaging that extends the shelf life of foods and infrastructure upgrades that help us share our produce with the world. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast busine

deirdre bolton of fox business network joins us. good evening, deirdre. >> good evening, chris. after five straight days of losses that started a week ago today, we finally close higher. each market gained more than 1% each but it was a roller coaster ride. the dow swung more than a thousand points from its high into its low, it surged in the final hour of the session, finishing up 330 points better than 1%. for the week, though, lots of red on the screen. even with today's gains, the major indices still down more than 5%. but selling monday through thursday was broad-based across all types of industries. tech, financials, industrials. other regions felt it too appear in markets in europe and asia sustained heavy losses. the dow fell more than 5%, its deepest decline since january 2016. the s&p 500 also lower by .2%. the nasdaq down 5.1%. the selling started exactly a week ago today after the january jobs report showed a pickup in wage growth. it accelerated for the first time in almost a decade. investors began to worry about inflation. higher prices for goods and services. som

deirdre, thank you. white house press secretary sarah sanders said "the president's focus is on our long-term economic fundamentals which remain exceptionally strong with strength in the u.s. economic growth, historically low unemployment and increasing wages for american workers. the president's tax cuts and regulatory reforms will further enhance the u.s. economy and continue to increase prosperity for the american people." the federal reserve has a new leader today. jerome powell was sworn in as the 16th fed chairman. he was nominated by president trump who broke with tradition and did not offer a second four year term to janet yellen. powell says he will support continued economic growth that a healthy job market while remaining vigilant to any emerging economic risks. >> on employment is low, the economy is growing, and inflation is low. through our decisions on monetary policy, we will support continued economic growth, a healthy job market, and price stability. i am pleased to report that our fina

deirdre thank you very very much all right so what happens next now on this memo that could or could not move the markets say the house judiciary chair bob goodlatte joins us right now the first since the memo has been released chairman very good to have you thank you. >> good to be with you, neil. neil: you have heard that a lot of people have looked at this and said, you know, the only survivor still around in that memo is rod rosenstein. what do you think, should he go? >> well i'm not going to call for action with regard to personnel in the justice department or the federal bureau of investigation until we have all the facts and this investigation has been thorough ly completed. the purpose of releasing this memo on the part of the intelligence committee is to let the american people know that their civil liberties were abused in this process, and it is very very important to understand that this abuse could occur in other instances, so the matter needs to be fixed, it needs to be corrected. i am hopeful that under the leadership of the new fbi director christopher ray that will

back over to you >> deirdre bosa monitoring the square call. have been a long time believer in the stock? >> i'm still a believer in the stock. i wouldn't be surprised if you see it pearing off on some of its losses and up tomorrow gross payment volume was up 31%. they are adding larger merchants. it used to be a boutiquey payment service. larger merchants are signing on. adjusted research wasup 47%. buzz words are bitcoin but i think the macro story is intact and they go higher and it's about square's services not just payments. >> do you think it does seem to be trading in line with bitcoin. the correlation is crazy we met with management they are doing a fantastic job truly small business in a book that's what you want if this is the company. >> i'm going to fweg to differ that correlation is not causation. i hear you fur looking at a chart you could say there is correlation between bitcoin. but i think it is one to one racial yoechl i don't think that's the reason why it's rallying i think a lot of the stuff was in the numbers i believe you

deirdre bosa on dropbox.ll come back with the closing countdown as we go out wh itthe countdown as we go out wh itthe highs of the week, up 304 points and gold markets. okay. on the dowhave global access 24. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. ♪ ♪ wake up early, o. ♪ slap on some cologne ♪ i'm 85 and i wanna go home ♪ ♪ just got a job ♪ as a lifeguard in savannah ♪ ♪ i'm 85 and i wanna go home ♪ ♪ dropping sick beats, they call me dj nana ♪ ♪ 85 and i wanna go don't get mad. get e*trade, kiddo. >>> heading to the last two minutes on a very volatile week. it goes without saying bob pisani is here with me let's review the week very quickly. the dow, we had that hiccup in the middle of the week 2:00 eastern time o

this is echoes what deirdre is reporting. we're getting a report that just put out by the united nations, saying that the president's tax reform could bring about $2 trillion back to the united states in terms of money that was just sort of held abroad and afraid to come home because of tax consequence. a lot of that money is being incentivized to get back here with 15.6% one-time rate. apple, cisco, ibm, i could go on and on, they are now incentivised to bring it back home. the u.n. is concluding that it will have a lot of economic boost in the united states. this measure is most widely significant affect on global investment patterns according to the u.n. what they are saying because what is happening here it will have pay it forward fallout on rest of the world. so whatever is going on with the markets right now, this is even more economic impact than a market impact the united nations saying we could be off to the races. we're not off to the races today, down 185 points. there is a lot going on as deirdre pointed out. wit

deirdre bolton has the headlines. deirdre?and the markets closed higher. investors focus

deirdre bolton joins us. >> we saw the fifth day of 500 plus point swings. for the dow, fifth day of heavy selling. it's down 10% from its recent record high which means it's officially in a correction. this sustained selling makes some investors anxious but others see the return of volatility is long overdue. we had almost an entire decade of stocks moving higher year on year. strategists telling in the u.s. economy is solid. american corporations are delivering on earnings and sales. we had 17 year low unemployment. we have wage growth for the first time in almost a decade and corporate america is beating estimates. in this last quarter, almost 80% of the time. the higher highs and lower lows, it's part of the investing landscape. thanks to computer guided programs. humans write trading programs to kick in automatically when markets hit certain levels but in only one part of the market. looking at hedge funds, quantitative funds are responsible for almost 30% of all u.s. stock trades. that's double the amount of a decade ago. the bottom line here is that t

deirdre bolton has the headlines. deirdre? reporter: screens showed green and the markets closed higher. investors focused on

deirdre bolton has the headlines. deirdre? showed green and the markets closed higher. investorsoc

deirdre bolton of fox business network joins us live. >> good evening. it was another up-and-down day. stocks traded in a wide range. one moment the dow was down 130. another it was up 350. we are on day four of consistent volatility. stocks were up for most of the session but in the last hour, they started to move lower. they closed down and it was the biggest reversal for the dow in three years, biggest reversal for the s&p 500 in 2. well-known pros with decades of experience are sounding alarm bells saying computer-driven trades are making the highs higher and load lower. they are eyeing a rebound. there is an argument investors of all ages are having and that is how to square two opposing forces that are both true at once. there are these clear signs of strength in the u.s. economy. we have 17 year low unemployment, wage growth for the first time in almost a decade, and corporate america is beating estimates. the companies that have reported earnings, 85% are exceeding forecasts. that's close to a 10-year high of up. there's an edginess in the market

eric: deirdre bolton kai thank you. more information on the president responding on twitter today to what you see there. a deadly train crash in amtrak crash outside of columbia, south carolina. two people were killed come identified as engineers. more than 110 people injured. many of course passengers on the new york to miami bound train. the president is at his mar-a-lago resort and he has been briefed on the situation. west palm beach covering the president mary lago at the latest. >> hi, eric. sunny and very windy day two for president trump been spent at the winner right house down the street where the president is right now. he's been there for the past four hours. while there, the president did send out this tweet about the deadly amtrak train crash on the train headed from new york to florida. my thoughts and prayers are with all the victims involved in this morning's train collision in south carolina. thank you to our incredible first responders for the incredible work they've done. the president who did this y

deirdre bolton is live outside an apple store in manhattan with that. deirdre?er is am, neil, on the upper westside. you remember when the iphone x came out, lines around the block. people camped out overnight, tourists using the new york city time to wait in line for the iphones, this is completely opposite, very quiet. i have met not one single person here to even pick up an apple homepod. as we've been talking about, apple homepod is about three years late to the party. amazon, echo about three years, in a second generation, google home out for two years, and apple's product is the most expensive. $350. it is double plus competitors, and really this is about sound quality. so it even does less. so, of course, as far as apple is concerned, i reached out to the company and asked them what sales expectations were, i didn't hear back from the company. but neil, this is all about sound quality. there's one line, back to you. neil: thank you, deirdre, very, very much. focusing on the dow coming down to session lose right now. market watch is reporting that the more

for "nightly business report" i'm deirdre doza, san francisco. >> we have now hrd from all the major tech giants. let's go over some of the any's ghts from each co performance and talk about what could be next. joining us to dohat is a.b. mendez, from frost investment advise oorz. ab, good to see you. >> good to be back. >> let me start wh amazon. it is one of your largest holdings. what did you make of the report and whatre you expecting longer term from the stock from. >> an investment standpoint amazonor the last year or two for me has been mainly about the aws cloud busine. it's been incredibly steady in terms of therowth remaining before 40% and operating margins hanging around 25 we were expecting a slight uptick in the top line growth, which begot, 44% top line growth. that cloud business for amazon annualizes $12 million of revenue and $5 million of rprofit. anot quarter of consistentof ability and revenue. >> a.b. you have got your head in the clouds. because of amazon's cloud business. what did you see in their report today that impressed you or didn't? >> we known all of a

donation from philanthropist larry and deirdre solar i. they're both san jose state alum. it will help rebuild spartan stadium. the plan is new locker rooms and seating at 50-yard line. it will pay for new tennis, golf and softball facilities. >>> we're starting out with clear conditions. cool, 40s and 50s. if you're spending time on the peninsula today, by 8:00, still in the low 50s. we quickly warm through the 60s by noontime. low 70s should be the highs today around san mateo, mountain view. we will be looking at the dry, clear conditions with really no issues if you're headed outside to exercise or heading on the bay today. beaches, good idea because the winds will be calm. won't be the case tomorrow. in fact, very gusty winds. we'll talk more about them in a few minutes. first, frances is checking in on the friday commute which is a little hairy this morning. >> it's been a bit busy this morning. we'll talk about the crash in san jose and cupertino. been out there a while. a rollover accident that took down a lot of stuff off to the right-hand side. it's going to be a

your lead-in before we got to deirdre was good. volatility is reaching for second french bred pizza in the box we had last week still moving things around. that will be part of your portfolio going forward if you're investing here at home stocks or bond, the fact that rates are going up and the fact that equities have to react to it. neil: i assume you're talking about stouffer's french bread? i'm veering off here. heather, one of the things i always wonder about, given the up tick we saw in the cpi in the latest month, a lot of people didn't see that much higher than thought, year-over-year is now over, the fed's so-called 2% inflation target. offsetting that was a separate piece of data showing weekly mortgage applications falling 4.1%. another showing retail sales in january down unexpected .3 of a percent. in other words offsetting some of this fear of strong news are some stubborn reminders we still have some pockets of weakness. how does that play out? >> you're right. there is fear of this word stagflation. if the growth isn

square results are out let's get those with deirdre >> it is a beat on revenue but the stock is undersure may have something to do with guidance i'll get to that first, top line numbers from jack dorsey's payment processing company adjusted eps and q4 of eight cents, a beat of one cent. q4 adjusted revenue, $283 million versus $266.3 million, which was expected subscription and services revenue made up $79 million of that that's nearly doubling on a year-on-year basis gross payment volume, $17.9 billion, which is an increase of 31% year over year and beating street's expectations. guidance for first quarter following short, projected eps of 3 to 5 cents instead of 8 cents, attributing this to stoc based compensation saying full-year guidance is still in line with expectations want to talk about square's move up market to bigger sellers. what they call midmarket sellers, which are sellers doing more than $500,000 in gpv. they now account for 20% of total gpv. that's flat, so that could mean that push is stagnating somewhat this is a stock up 35% year-to-date already after a big year la

we just spoke with their ceo deirdre bosa with more >> that's right.e that the team has been working hard to build a scaleable foundation and that they're beginning to see that hard work pay off. he adds they're excited to keep the momentum going of course, snap has had a tough time as a public company the question analysts are likely going to be asking now, is this quarter a flash in the pan or is it a real inflexion point in the fundamental business back to you. >> deirdre, thank you. shares up 22%. it's a $3 gain for snap. >>> and how about this wild day for stocks and wild week it's only tuesday. how is main street reacting to these moves. joining us is wayne smaulz we like to check in with you month to month when we do our investment club, but just had to ask what you think of the last couple days. what are you buying, what are you selling, what moves you're making >> i think the last two days of trading were just incredible it was just an incredible ride from the drop on friday of about 600 toinpoints to monday's 1,000-point plus decline the magn

. >> deirdre: i'm david asman, great to see you all after the bell as stocks wait for tomorrow here isppening right now. a bureau under fire, any moment now president trump will depart palm beach, florida making his way back to the white house after igniting a firestorm on social media. the commander-in-chief slamming the ongoing crisis with the fbi the ignored tips, botched investigations and allegations of

deirdre bolton of the fox business network is in new york to tell us what

connell mcshane, deirdre bolton. now we're seeing the leadership come -- >> it is not the president. neil: thank you, connell. >> didn't that other guy look like he was testing the mic? neil: flannel is very big. the new pinstripe suit. what does the president have to do, deirdre? this is to rally the troops. >> rally the troops. we saw the other evening in the state of the union address where pretty much half the people in the room were not responding, were not clapping and i think really the democrats did take a hit for just looking and, by some standard like brats. come on, you have to stand up and applaud. neil: what to not be there, like 13 democrats weren't or joe wilson, with president obama saying you lie? decorum went a long time ago. >> saying to any president that you lie -- >> did he score any points saying you lie, joe wilson? no. they don't score any points. neil: it is predictable. >> you can clap in a polite way without rah-rah, usa. neil: of course. i guess what they're saying democrats will look bad

. >>> a department just received its largest gift ever, $5 million from philanthropists larry and deirdre solari. that means the university can rebuild the east side of the spartans' football stadium to add an auditorium with seating at the 50-yard line, and golf, tennis, and softball facilities. >>> a $500 million commitment from the helen diller foundation. the foundation has given $1.5 billion to ucsf. the hospital will be built on the site of the langley porter hospital between golden gate park and mt. sutro. construction is expected to be completed by 2030. >>> can coffee put you at risk of cancer. one group says yes and they want to make sure everybody is aware. we'll get an expert's take on the legal battle that's brewing. >>> sentencing day for the teenager who was drunk and live streaming when she crashed a car streaming when she crashed a car and killed her at&t has a network with thousands of best-in-class security experts. which means... more of the eye balls you want watching the network... & less of the ones you don't... more experts preventing security issues & less securit

. >>> a department just received its largest gift ever, $5 million from philanthropists larry and deirdrens the university can rebuild the east side of the spartans' football stadium to add an auditorium with seating at the 50-yard line, and golf, tennis, and softball facilities. >>> a $500 million commitment from the helen diller foundation. the foundation has given $1.5 billion to ucsf. the hospital will be built on the site of the langley porter hospital between golden gate park and mt. sutro. construction is expected to be completed by 2030. >>> can coffee put you at risk of cancer. one group says yes and they want to make sure everybody is aware. we'll get an expert's take on the legal battle that's brewing. >>> sentencing day for the teenager who was drunk and live streaming when she crashed a car and killed her >>> and we are back with this breaking news. a massive fire burning in southern california. and the firefighting effort going on right now. at this bel air home, eight been burning for about an hour now. one firefighter has been injured. that is the big news. you can see the

deirdre bolton has latest on all of that deirdre. >> there is so much going on, neil as you and the teame been covering. take a look at the dow. here is where we are right now, this huge drop, probably too early to point out correction levels but i feel like we should say it, 23,955. if we close there, that will be put the dow in correction territory. that is to say 10% off the high we just saw end of january. that is what the dow looks like. of course the review this week. these are really heavy declines for the week and i think surprising a lot of people. at least my sources that i spoke with about the computer driven trades, the fact that humans are ones obviously putting in formulas. but the computers are executing them faster. a lot of people said okay, monday and tuesday will be volatile. yesterday was a surprise. today remain as surprise for a lot of people. you've been talking a lot about rates. so people people in the cashingmarkets are watching these levels. we you a little bit overnight and how can the economy and underpinnings be so strong and have us be worried about inflati

deirdre bolted looks at the practical effects of an expensive new benefit. >> i'm thrilled i get to see. >> this mom is one of the first beneficiaries of a new family leave program. she works at new york university. when her daughter was born, she and her husband faced a cash crunch and dipped into their savings so she could stretch her time off from work. now thanks to new policy, she is not forced to choose between focusing on her daughter or her job. >> i'm a little bit sad because i think back to my son and there were things i don't remember with him. with her, i feel like i am really in tune to what her needs are. >> pew research shows most americans favor the concept of national paid family leave. 35% of americans say it's as important as improving transportation and dealing with drug addiction. ivanka trump wrote a letter in "the wall street journal" making the case for national plan saying it's an investment in america's family. during the state of the union, the president endorsed a national policy. the u.s. is the only industrialized nation where citizens aren't given paid tim

deirdre bosa with more on the results. >> amazon beating revenue expectations on strong holiday saleso point out something jeff bezos says we don't see positive surprises of this magnitude all that often. expect us to double down bezos saying they're going to keep spending. aws, this is one you were watching very closely because it is the profit engine of amazon revenue beating expectations by a little $5.1 billion in sales versus it is $5 billion the street was expecting this united grew by nearly 45% year over year which should make the street happy keep in mind, this is still slower than its competitors in this space, in the cloud space, like microsoft and alphabet. subscription services, includes prime memberships as well as music and video and other subscriptions. in line with estimates, $3.2 billion. that's up 50% year over year but a slowdown some analysts say membership has hit saturation analysts started breaking this out last quarter after the acquisition of whole foods this is the first full quarter it had whole foods and we're seeing $4.5 billion in revenue t we'll be on t

. >> we have baidu earnings out also with deirdre bosa. >> that's right., china's main search engine, referred to as the google of china. beating on top and bottom line for fourth quarter earnings adjusted eps of 14.90 chinese yuan or rmb. refuse n revenue higher than expected the stock is up nearly 3% in after hours, which makes it about flat on the year it has been underperforming its other chinese, much larger and faster growing chinese peers, alibaba. baidu has been looking for revenue streams outside of its core business beyond search like artificial intelligence, self-driving cars as well as streaming video. we'll go through the earnings and bring you any more if we see it back over to you >> thank you, deirdre. quickly, 3% pop here, one of the best performing spaces, certainly of 2017. what do you think? >> baidu was an underperformer in that space. a bit of a turn-around story expectations were low. that's why you're seeing this pop. at, i think you can probably wait on this and let it settle out a bit. they have to have their story a little better

deirdre bolton of fox news network, fox business network, joins us. good evening. >> good evening. volatility is back. you gave the closing levels, but during the day, the dow swung 1200 points, if you can believe that. it changed direction 29 times. definite whiplash for traders. treasury secretary steven mnuchin spoke earlier saying there's a larger economic picture to consider. >> we are very focused on the long-term economic growth and we believe the policies we've enacted including tax reform are very positive for long-term economic growth. >> the u.s. economy has such strong underpinnings that some strategies say that's what started the selling. investors have a 17 year low for unemployment, rising wage growth, and many thought it would force the fed to raise rates higher or quicker or even both. making borrowing of all kinds more expensive. analyst point out that the selling has been exacerbated by program trading, computer-driven trades that kick in automatically when markets hit certain levels. >> what we have seen is clearly a sell-off that's been driven to a large extent

deirdre bolton of the fox business network joins us from new york. good evening. >> good evening. today's gains along with thursday and friday, all about getting back to the levels we saw before the brutal two week sell-off. after the losses, markets were in a correction which means they had fallen 10% off their most recent highs. as of today, stocks are more than halfway back to correcting those big losses. if you look at tech shares, they are already back to precorrection levels. facebook, apple, netflix, google's parent alphabet. amazon. take note. rose 1.5%. it made the worlds richest man even richer. jeff bezos made 1.7 million today alone. he's worth more than $120 billion. financials contributed to the game. strategists say they are two main reasons for investor optimism. corporate america producing strong earnings. it's been one of the best since 2011. strategists saying investors are getting used to the idea of higher interest rates. yield on the 10-year treasury note stabilized under a key psychological level of 3%. that level was moving higher. earlier this month it mad

neil: they're still very volatile deirdre that has not changed. >> they certainly are and i feel like volatility is here to stay and we're in this ninth year of a bull market this kind of ease is not going to last forever and i think what we saw those two crazy weeks earlier this month, the sell-off and of course a lot guided as well by computer- driven trades, in addition to fed powell's testimony, there were also two data points that i think investors are mixing in as well. i mean consumer confidence for better or worse came in at the highest level since the year 2000 that stuck out in my mind. neil: that's right. >> and then u.s. home prices actually continuing to rise as well, so that sort of backed up i wrote down this magic phrase he said my personal outlook for the economy is strengthened since december. i do think there's at least four rate hikes neil. neil: we'll watch very very closely guys thank you both very very much. just to review the markets followed this the more it looked like rates would go up or that they would be more than we thought they fell. the less it looked

amazon is surging in after hours sessions deirdre has more. >> continue to spend big on new untestedwhile showing fiscal discipline in taking over a bigger slice of online shopping sales in some cases, already adding to growth just now singling out cloud computing and advertising business as strong contributors this quarter. >> advertising was also a key contributor as we are continuing to make the offerings more valuable both to customers and advertisers alike. particularly strong in north america although not in the north america segment, aws had a strong quarter. >> he was also asked where amazon was focusing on spending money in 2018. he said the biggest effort in terms of investment will be in grocery and then it is b to b business. >> let's trade it here i want to talk to gene munster here look at him he is working so hard. >> jugeing the phones. >> what did you make of amazon's quarter, what grade would you give it? >> an a minus. it was up 33% in the last three months, pulled off today before the print. i think this is all systems go for amazon one thing they didn't say about

. >> deirdre, thank you very much. appreciate that.p, obviously maybe a little short covering happening? maybe a lot? >> i think for now that's it i tell you why a lot of investors were worried about this redesign of the app you saw they haven't fully rld it out it's going to be rolled out by the end this quarter but the fact they used as many daily active users as they did i think is a great sign. and now that they have this programming advertising shift this could happen all at once. >> rpu was impressive. to say this is all short covering and they are done this is back to the ideal price. >> there is five buy ratings, 18 holds, 11 sells. what i'm saying is there is more upside. >> [ overlapping speakers >> the way you presented it it sounded like -- >> it is done. it's done. they put a low in here >> giddie yup, dan >> giddie yup, dan. >> shortage ratio is 1 reasonably high. snap chat, we are keeping it we played whip it. >> devo, devo. >> dennis gartman went to high school with devoe. they knew each other. >> class of 1938 >> you c

. >> dana: thanks, deirdre bolten. >> sure. >> dana: senators behind a bill saying it protects dreamerseefs up border security. but the president said it's missing one thing, and we'll tell you what that is. plus, president trump live in blue ash, ohio, where he is about to deliver a speech on tax reform. a key topic from his state of the union speech. >> we enacted the biggest tax cuts and reforms in american history. [ applause ] our tax cuts provide tremendous relief for the middle class and businesses. ways to lose stubborn belly fat. the roasted core wrap. 3, 2, 1... not cool. freezing away fat cells with coolsculpting? now that's cool! coolsculpting safely freezes and removes fat cells with little or no downtime. and no surgery. results and patient experience may vary. some rare side effects include temporary numbness, discomfort and swelling. ask your doctor if coolsculpting is right for you and visit coolsculpting.com today... for your chance to win a free treatment. >> dana: fox news alert. we are awaiting president trump's speech on the tax overhaul at sheffer corporation in o

deirdre bolton is at a store where you can buy them if you want them.is nothing like what we saw back in november when that iphone x was released. you remember that? there were lines around the block. there were tourists from all different countries. i heard all the different languages. people camping out overnight and using new york holiday visiting time to wait in line to buy one of the new iphones. today very, very quiet. a whole different structure. i want to point out what you already know, that is to say iphones are about two-thirds of apple's revenue. i reached out to apple to ask what expectations were for the apple homepod sales. i still haven't heard back. this product is three years late to the party. amazon, echo, google home, they've been out. google is out and apples is at least a double the price of its competitors, and it does less, if you want to focus on the functionality. but where the apple lovers weigh in is the sound structure is amazing. stuart: hard break, hard break, hard break, more "varney" after this. ♪go your own way copd tr

stuart: deirdre, thank you very much indeed. good stuff indeed.volatile day, watch out for the program trades. third hour of "varney" coming up for you. anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, only with td ameritrade. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. stuart: we expected this today and got it. extreme ups and downs, heavy dose of anxiety and a lot of people looking for bargains. a little perspective, we lost all of the gains of 2018. we still ha

let's go to deirdre bolton to break it all down, what is going on right now. >> neil, you were talking about all the wild swings in all the markets. look at the dow. this is the-point range for the dow itself. we'll pull up an intraday chart. you will see essentially it looks like a series of little mountain peaks. this is crazy. a lot of people i've been speaking with, in the next 48 hours we'll still have volatility just as some much these formulas you were talking about, algorithms, that people write, they decide when they want to sell. the machines do what they want, they do it faster. you have had increase in volatility. what feels shocking about the past three days, as we put it in context, i show you the chart you already know, neil, but the end of january, we kept hitting high after high after high. a lot of strategists, fundamental stratgifts saying listen, we were kind of lulled into this peaceful place, this eight-year plus pull market. that is what making the selling of the past three days feel all more shocking. not just us, we're affecting trade around the world. look at

smith, melissa arnold after this and of course deirdre bolton.ke on what is going on. >> i was surprised how much we've recovered since last week that i know i am shocked by en. i didn't expect this often happened -- that happened last week so quick. abu retraced back, one week after word, smooth sailing in the market to make more records. we've got to get over the high of last monday's selloff, which were not that far from doing. neil: that could worry some people as well. slip this off like there is no message intended there. i agree with that. as far as market tone goes, choppy markets, more choppy trades. reagan had lower lower last week was sentimentally about that. so it also seems the market is going to support this 10 year yield had four year highs right before the opening bell today. the fact that markets are still moving higher sense to me at some level investors are getting used to the concept of slightly higher rates. >> slightly more volatility. >> what's interesting with the phenomena as of late is they have banned inexorably back e

deirdre bolton to pick apart today. >> that is right, neil. it's a new day. before we assume this could be a page turn i want to show you where we stand for the week. if you look past three days alone, the dow, the s&p 500, nasdaq all down more than 4%. but take a look at the dow. you were just talking about these highs, and low lows, even today, stuart varney mentioning them as well, today alone up 350 points. down, close to 130 actually at the open. we're still swinging but if we show you the intraday dow, you will see, its clearly in the green. i took a look at come component. boeing performing pretty well. walmart performing well. after a choppy three days this could be a page turn. traders over the past few days, this, sr. we are now. let's celebrate a nice little green arrow for a minute. of course traders blaming a lot of volatility trades, products that were based on us basically being in pretty calm lull for the past 8 plus years in this bull market. a lot of traders in the market were betting against volatility. people say this is part of what is un