our dominic chu did some digging. >> while the stock market overall may be a ways away from getting to record high levels certain individual stocks have done a much better job to debting back to reclaiming some of their 52-week or bette highs. we looked at the s&p 500. turns out 93 members there are within 5% of their record highs. 81 stocks within the s&p have hit their recent j highst so far this year to date period. and 13 of these stocks have hit them again just this weeke. al one of the names that really has done a good job of getting back towards those record high level, vp corporation, the apparel company, within half a% of record levels. defenseni com also bouncing back quickly from their lows. northrup grumman is one of those. and coach. and nike, within a cple of% away from its record highs. as we look at where the biggest bounces have been, some big names have already gotten back to close to whe they were before the recent selloff happened. for "nightly business report" i'm domin chu. >>> the tech sector was one of the best performing today. for a lylehilemazon surpassed mic

i'm dominic chu, let's get you up to speed on the market action the u.s.quities futures picture looks good the s&p 500 is estimated to open up by 20 points the dow jones up by 275 points the nasdaq up by 57 points another seemingly positive day for stocks we'll see if that holds. oil prices, let's check those out. they have been under some pressure as of late. then we have seen a rebound. wti crude pushing 61 bucks a barrel that's up 36 cents or about a half percent to the upside ice brent crude futures, $64.47. a tencent rise, 0.2% to the upside crude oil prices up generally so far in early trading >> warren buffett's long-time business partner charlie munger says it is time for regulators to ease up on wells fargo. he says the bank will end up better off as it corrects a series of mistakes in treating customers. speaking yesterday at the daily journal newspaper meeting, munger also blasted bitcoin calling it a noxious poison. >> i detested it the moment it was raised the more popular it got the more i hated it on the other hand i expect the world to do i

you're watching cnbc i'm seema mody >> i'm dominic chu we are seeing green this morning, a nice reversal from yesterday. the s&p is latslated to open 1 points to the upside the dow slated to open up about 130 points, the nasdaq by 35 also checking in on what's happening with the ten-year, 2.8 4% we see 2.835 the last trade of the ten-year a key piece of inflation data out today, the consumer price index could have an effect on that bond market >> let's check the temperature overseas in asia stocks are relatively higher with japan being once again the exception. that's on the back of a rising yen which is at a 15-month high against the u.s. dollar. we also got data out overnight in japan, growing at a pace of 0.5% last quarter, that's slower than expected, but still its eighth consecutive quarter of growth hang seng, shanghai composite and kospi seeing gains of 1.2% the hang seng helped by tencent shares a lot of these tech names in asia that sold off last week did rebound overnight. eurozone gdp hitting the tape, up 0.6% quarter over quarter up 2.7 % year over year. basically in line wit

i'm dominic chu. >> i'm seema mody in for wilfred frost and sara today >> this morning we are seeingome red after a big green day yesterday. you can see for right now we have an implied open on the dow of down just about 180 points. the s&p indicated to open down by 16 and the nasdaq down by 29, 30 points. a nice 410-point gain for the dow yesterday maybe sets things up for a breather today. we'll see if that selling pressure holds steady or gets exacerbated. the ten-year note yield, a bit of a bid to treasury bonds, so yields are lower this time yesterday we watched and saw the ten-year treasury note yield around 2.88, almost 2.89%. you can see now 2.83% is where we stand on that u.s. ten-year treasury note. >> let's look at stocks in asia overnight. asian stocks closing higher with the exception of japan, which closed lower by 0.7% that's due in part to the rising yen. you can see a strong move for the shanghai composite the kospi higher by 0.4% early trade in europe, let's look at the story there. stocks are lower with the dax down by 0.3% we did see a nice move to the upside in e

i'm dominic chu. let's get you up to speed. points as things stood. as things stand right now, the dow would open up by 88, 90 points the s&p around ten and the nasdaq by 38, 39 points. checking on treasuries, the move a little bit lower in the ten-year u.s. treasury yield two-year treasury notes are yielding 2.19% the ten-year, down a little bit at 2.89% the 30-year long bond, 3.15% >> what impact are the big moves in bond land having on the housing market >> let's get to cnbc's diane in olick. this affects so many people. >> everybody that owns or wants to own a home. mortgage rates are now at their highest level in over four years moving higher this week along with bond yields mortgage rates loosely follow the yield on the ten-year treasury the average rate on a 30-year fix jumped after the presidential election and fell back a little bit for much of last year. back in the 3s at the end of last year. only to start climbing this year it is all about inflation and the potential for the fed to raise more it is now up more than

i'm dominic chu alongside courtney reagan.he s&p would open down 6 points, the dow off by 52 points, and the nasdaq higher by 4 points joining us now is tim seymour from triogem asset management. let's do the market setup here did yesterday scare you at all >> we had a tremendous bounce back, so i don't think yesterday's move was a remarkable pullback. if you look at what's going on with treasury funding, that 258 billion for the u.s. that they pushed out, the fed minutes later today, i think the whole interest rate dynamic for equities is enormous there's a lot of uncertainty, some inflation data out of europe was hot so i think what's bothering equities now, it's what's bothering bonds. >> tim, is that what will be guiding your trading philosophy today and in the days to come, what's going on with interest rates? >> what happens to u.s. treasury yields is the most important dynamic. if you want to look at long-term charts, the ten-year has pushed up, and the two-year moved from 1.93 to 2.26 in the period since we had markets

dominic chu is with us in the u.s., steve sedgwick is in london let's go to nancy hungerford live in singapore. nancy? >> hi. a lot of attention around the nikkei 225 today, closing lower by 4.7%. this is coming off the lows of the session we saw the nikkei 225 down more than 6%. still the tokyo market was sharply lower. that's the worst percentage drop since the election and the worst point drop since tbrexit other key milestones it was the worst drop for the shanghai composite for two years. look at the hang seng here off 5% this is still positive on the year tencent, the tech hch heavyweigt dropping 7% on the session still plenty of selling pressure here back to you for now. >> thank you very much for that. early action in europe steve sedgwick is live in london for us steve? >> what is interesting about the european session, we're in the best position, ie where were where asia was, which was absorbing full declines before the turnaround the two-day decline on european indices at the moment is modest compared to elsewhere. the ftse 100 yesterday lost around 1.5%. we lost 1.9% so f

joining us now for yesterday's plunge on wall street, dominic chu.he dow experienced yesterday its largest interday drop. what happened yesterday? >> so yasmin, ayman, it was the biggest point drop the in dow history. and it's an important distinction. the point drops will be bigger as the market rises, but they're not as big on a percentage basis. not the biggest move lower in history on a percentage basis. a lot of what is driving the market right now is this idea that we've been floating for so high for so long without any kind of a pullback that all of a sudden we are seeing a bit of a correction, a pullback to levels we typically would see in a normal market. what's happened over the last few years has not been necessarily a normal market, but a lot of folks out there are pinning this to a number of different things, the idea that maybe the the market has gone too far too fast. a lot of that is driving the market action. >> is this a sign at all that the economy is weak.ing a little whit here or slowing at least? >> no. and that is a great point

dominic chu takes a look. reporter: when youhink of coke, you think of fizz. but business at the world's largest beverage maker is relatively flat. it is producthe isn't t hot item like it used to be. there is no growth in coke and diet coke and that's a problem for not just coca-cola but the spire non-alcoholic beverage industry. >> some of it is a realization especially if we are talking out carbonated and sugary type beverages it's realizing you are never going to convince some people. soocusing on other strengths. for coke it's focus more on vitamin water, focus more on smart water. focus more on the carbonated beverages without sugar. >> reporter: it has become ang che for snack and beverage companies. for yolk coala the bright spot was outside of its core products. water, tea, those posted moderate growth. in the come months coca-cola will be focusing on key products and markets. >> they have changed to smaller, like minis. because you might walk into the store and say i don't want 20 ounces but i a kind of thirsty and i do like the taste of coke so i wi

dominic chu takes a look. >> the last time we saw a pullback the likes of we have seen, was may 20, 2015 to february 11, 2016. that was when concerns about china and global growth drove stocks better. en the s&p 500 fell by 15%. that's bigger than the pullback we are seeing right now. a lot of facto went into the market bottoming out then. onef the more notable market calls came not from a market technician or a investment rategist. it came from the ceo of jp morgan chase.di jamin. in a regulatory filing we learned h bought half a million worth of his company's own stock. it was $27 million. jp morgan hit aigh on january 29th this year, more than adubling his investment capital in that one we are days away from the two year anniversary of that market call. will a ceo this year step up and make the same kinds of call on their stock that jimmy diamond did. >> it could be a psychological boost for those worried about valuations or whether it is too late to get in on the bull market one. one of the things to wat the coming days and weeks, depending how the markett plays ill be whether there

for "nightly business report," i'm dominic chu. >>> by the way, to read more about the different forecasts for stocks, you can head to our website at nbr.com. >>> a rise in profits. that's where w begin tonight's market focus. the world's largest miner reported a 25% gain in first half earnings thanks to higher kmoddy prices. they plan on cutti debt and increasing shareholder returns. today it did just that. it rsed its dividend to 55 cents a share. but shares themselves fell by 4% to $46.55. theme park operator six flags reported better than expected earnings, even as poor weather during the period caused atte attendance to slip. the ceo said he is happy with six flags' pformance and optimistic with the stock's upward potential. eighthegistered our straight record year. and the fourth quarter was the biggest fourth quarter in our history, w uh revenue 7% and ebitda up 16%. so while the stock is down, i have to tell you that today i have taken the opportunity to spend $9 million tore acq about 160,000 six flags shares via our stock option program. >> shares of six flags fell more than 4.5%

rally going on right now we're up 170 points and still 200 points off the poik but either way, dominic chu people are buying into this and what are buying >> the shopping lists abound on this latest dip below the key support levels in the market so let's take a look we want to see where in the market some people put their shopping list to work and what types of stocks they were. take a look at this because we look at the russell 1,000 index of large cap stocks for the large cap market there are a number of stocks that have risen by 10% or more just since their intra day lows so that bottoming process that we saw maybe and then of the thousand stocks, 32 names have risen 10% or more since yesterday's intra day lows until about half an hour ago what names are they? check this out because this is interesting. brand names on the retail side, best buy, a winner in retail that pulled back quite a bit on this last dip is now up 10% from yesterday's lows netflix stock, one that investors have been trying to play catch-up with, it kent down and now up 10% since the low yesterday. on the home depot,

cnbc's dominic chu is back at headquarters with more on this deal. >> so, it really is all about growth lot of general mills' kor products, lucky charms cereal, betty crooker, they are showing signs of slower or stagnant growth meanwhile, you have blue buffalo pet products which over the past three years have grown at double digit gains in terms of percentage moves just over the past three years that's the reason why they want in they're a late entrant to the game the reason why everybody wants in on this game is because you take a look at the size of the overall market this is one where americans spend roughly on their pets each year the size of the kenyan economy. just to give you size and scope of things. back in 2013, according to the american pet products association, americans spent around $55.5 billion on their pets fast forward, steadily higher to last year where an estimated close to $70 billion was spent on just their pets alone $29 to $30 billion of that was just in food if you take a look at some big players, general mills even with this acquisition is still a smaller player

dominic chu. >>> the spotlight of the russia investigation is now shining on one of the president's closestons director hope hicks. she's typically stayed out of the headlines, but she popped up in a "new york times" report this week. who is this young woman, and what a former member of trump's legal team is saying about her next. >>> we are watching the white house, expecting to hear the president okayed the release of the controversial memo come pied by intel house chair devin nunes. we'll bring it to you as soon as we have it. ere sitting there and we decided that, you know what? something needed to be done about what was going on in our inner-city. instead of buying a house, we decided to form this youth league. what is he doing wrong? he should shed the block. exactly. it's volunteer, we don't get a paycheck. it's one hundred percent from the heart. football shaped my life and i'm praying that it will shape these kids' lives as well. ♪ ♪ but he hasoke up and i'm prwwork to do.in.ill shape these kids' lives as well. so he took aleve. if he'd taken tylenol, he'd be stopping for more pill

let's go to cnbc's dominic chu. dom, how are the markets looking this morning?> reporter: it's a little more stable. after that wild swing yesterday, we were down 567 points on the dow yesterday only to rally back to close up 567. one of the biggest rides we've seen in terms of overall point volatility. today, an early sign of stability at least early on. we'll see if traders take that as a sign that things are starting to bottom out a little bit. markets have been generally stable. this kind of volatility should be expected and has been over the long term, katy. >> why did we see a rally last night? >> reporter: so the trends are things that people watch in terms of investors and traders on wall street. the trend over the last couple of years is that the market has been up and away with no real signs of a pullback whatsoever. every time there's been a little bit of a pullback, investors have stepped in to buy. when you have a bigger pullback like we saw over the last few days, it pretty much brought a lot of folks back into the marketplace saying, hey, if i can

>> i want to see if we can get dominic chu back up to talk more about the economy. the headlines, the "washington post," "trump and republicans discover the peril of touting the stock market bets." "trump running alongside market bulls risks being trampled." this is why presidents in the past haven't gone out in that montage and ten times touted record-breaking stock market wins. >> it's extremely politically fraught to take responsibility for something you don't control. we know yesterday was the first day on the job for jerome powell, the new fed chair, a lot of these changes in the market had to do with concerns about interest rates, stuff the president himself doesn't control so the fact he was willing to co-opt these market numbers is risky. >> we're not cnbc so we know we're not diving deep into the markets everyday. mark zandi is joining us, he does dive into the markets. mark, if you're watching this, you have a 401(k), maybe you have money in the stock market, maybe you don't, how concerned should those regular people be? i'm not talking about hedge fund gu

the dow and the s&p 500 and a big loss on the nasdaq with an hour to go in trading, right to cnbc dominic chu and we spoke and this is not expected but this happens sometimes when you get a strong jobs report which suggested the economy might be strengthening and interest rates might go up and investors don't like that. and this is a more exaggerated response than we saw several hours ago. >> we were down 250 or 300 points when we spoke about it this morning. but ali, my desk looks like katy tur's desk because we've been scribbling and crossing out and rescribbling all kinds of stuff trying to keep track of what is going on. this is a -- we spoke in the past about the market selloffs. i've been with you before. this is a -- this is not indicative of a panic. we don't want to convey this. but this is a steep move in the market to the downside and the reason we highlight it the way we are is because this is something that we in the stock market are not accustomed to seeing and at least over the last couple of years. when you see it move like this lower, i will say she hit on the big key points.

let's bring in cnbc's dominic chu. the volume tiatility appears to here. i would guess when the bell rings this morning, there's going to be a lot of skittishness where you are. >> there is certainly going to be a lot of skittishness right now. like you said there's been an extreme lack of volatility in the stock market over the course of the last couple of years. the last time i can remember that we saw any kind of a deep pull-back like this was the end of 2015 into the beginning part of 2016. we had gone a record 404 trading days in the stock market where we did not see any kind of a 5% correction from record high levels. that by the way is a record amount of time. throughout the market history in the united states, we have not gone that many days in a row without any kind of a pull-back. so this volatility is a stark reminder of what happens in the marketplace when things do go a little wrong. now we talked about the idea that interest rates drove a lot of this the reason why there's a concern about this is because you're unlocking what the administrati

versus hit harder than others for a closer look than stocks that have been harder, let's go down to dominic chu, they slide and then recovery. >> you're making me field at least a bit nauseated, but investors have been probably feeling that way over the course of the past few days if you look at the s&p 500, in and of itself, again that one-year move is 15% to the up side, but it's the fear tail end of the chart that so many are focused on it has caused quite a bet of distress in the marketplace overall. we decided to look at the s&p 500 at some of the stocking 45rdist hit, so we looked at the 200-day moving average turns out that quite a few of them are actually elow their long-term trend lines. among the big names trading, believe it or not, share of apple are currently below that 200-day moving price also check out shares of coca-cola, mochg again below their 200-day price, and even another big one, johnson & johnson on the health care/pharmaceutical side, below its averaging as well. that had be something to watch at for the 52-week louse, even harter hit 50 of the s&p 500 has actually hit

. >> tech strong, consumer staples are strong let's begin with dominic chu wh is following the stock market. >> the stock market might be a little bit ways away from getting back to the highs before the selloff, we looked at the s&p 500, it turns out that 93 members of the s&p are 5% away from claiming those 52 week highs or better that they've seen 81 stocks have hit highs so far in 2018 alone. and a handful, 13 of them, has hit 52 or better just this week. some of the stocks that are a doing better job of getting back towards those record high levels, check out vf corporation, a big apparel company. it's within .5% of record high levels northrup grumennond cne group also within 1% nike, close. a bunch of big names are doing a decent job at getting back after the losses we've seen. >> the big question on the minds of investors is if the rebound is wahappening too fast. >> who would have thought a week ago today we would have thought we would be rebounding too fast. when the market gets rattled, everyone becomes a technician, it starts to be about the rules of the game in terms of ho

companies on the road to recovery, but how many have made a full comeback since the markets sold off dominic chu is here, we hope, with the numbers >> yes, he will be >> that doesn't mean certain individual stocks or parts of the market aren't getting close on their own, so let's take a look at some of the ones who have had a nice rally since the lows over the past couple weeks. we looked at the s&p 500, and then found that 93 companies within there are within 5% of their multi-year 52-week, or record high levels 81 of those companies hit 52-week highs just in 2018 alone, and 13 s&p 500 companies have hit their high levels, 52-week or better, just this week alone some of the names we're talking about to give you an idea. we have nortlup grumened so just about a quarter percent away from record high levels pnc financial, about a half a percent away from its record high levels. then tapestry, the company formally known as coach, cme group, about a percent away from its record highs, and estee lauder as well these companies right here represent some of the names that have gone on investors' shoppin

. >> let's send it over to dominic chu with a market flash. >> we want to call your attention to righthat's happening with the long-term u.s. government bond market, specifically the 30-year long bond we are now at yields we haven't seen since may of 2017 that 30-year long bond has now taken 0.31% is the last trade there. our last point above the 3.0% since may of 2017. looking at the ten-year note yield, 2.87% breaking multiyear highs as well all of this in the context of three big bond auctions happening next week on the three-year note and ten-year note, as well as the 30-year bond we'll see if these higher interest rates seem to attract some other big-name investors and foreign central banks to this market. back over to you >> fascinating dom, thank you for that. fascinating move in the currencies the usual reuro moved up 0.8% you think it would be the other way. but a big move in the euro, particularly in the last hour or so. >>> breaking news on auto sales. phil lebeau has that. >> the pace of sales for january coming in at 17.12 million vehicles that's roughly in line with what

mike santoli, but first dominic chu. >> guys, if you take a look at some of the market's rally we've seen, it's been very strong off the lows we saw during the selloff. not every stock out there has actually participated in the upside as we get back to the record high levels, some stocks have been left behind let's give you an idea of what we're talking about. the s&p 500, within the s&p 500, about 310 of them as of earlier today hit 52-week highs, multiyear highs or record highs some time so far this year the first month and a half or so 70 of those stocks are still down 10% or more some traders call it, you know, bear market territory, correction territory, whatever you want to call it. these stocks have been left behind amongst some of the highlights of the stocks left behind, a transportation company like fedex down 11% from the highs it hit just earlier this year also texas instruments on the technology side down 14% from the highs it set earlier this year exxonmobil, a lot of talk about the energy sector these days given the moves in oil prices, it's after 15% from its highs an

. >>> welcome back i'm dominic chu.th stocks up this morning technology standing out as one of the best-performing sectors, up around 4% so far. among the leaders, cisco systems on earnings, trading at levels not seen since 2000 of december. you've also got salesforce, autodesk and advanced micro devices all up by around 2.5% at this point so michelle, technology's going to be a big driver in today's trade. we'll see if it sticks that way into the afternoon back to you. >> we will watch for that. thank you, dom. >>> warren buffett's longtime business partner, charlie munger, says it's time for regulators to ease up on wells fargo. he says the bank will end up "better off" as it corrects a series of mistakes in treating customers. speaking yesterday at the annual meeting of "the daily journal" newspaper that he chairs, munger also blasted bitcoin, calling it a noxious poison >> i detested it the moment it was raised, and the more popular it got, the more i hated it. [ laughter ] on the other hand, i expect the world to d

million per touchdown thrown or $1.9 million per point scored can we go to the breaking news desk dominic chu loves numbers he's sitting over there, lights are on we should bring him up this is on a trailing basis. you're hoping for a lot more valuation down the road. have to move on. >> the forward valuation is something i'm looking forward to i'm excited, very pumped as a lifetime 49ers fan, as a northern california bay area native, good to see that the future of the 49ers is going to be with jimmy garoppolo. that is, of course, my opinion whether or not he's worth it is going to be a question for posterity and history. but i'm happy. it means that the performance he put in was pretty good >> the second happiest guy in america right now is kirk cousins because he's waiting to see what he gets >> shares of woodward soaring on reports that boeing is eyeing the aerospace parts maker. >> phil lebeau is covering it for us in chicago. phil >> nice little pop to an all-time high earlier today for woodward easy to see why because an acquisition from boeing would be substantial. we reached out to fo

dominic chu is here with the tale of the tape. >> and it is interesting tape. any time we saw a pullback to the likes we've seen so far, you go back to the end of 2015, into to 2016 during the diamond bottom where jimmy dimon set the market to the upside but look at the market so far this week. and the dow and the s&p back in the 10% pullback zone and some traders call it correction dow is on pace for the worst week since the financial crisis. losing half of last year's -- entire game and the s&p is down $2.5 trillion and more than that now that we hit the session lows at just one point in the last 15 or 20 minutes. if you take a look at the market ride from a graphic standpoint, remember friday's close, we were down 600 plus points we made that down all the way to -- minus almost 1600 points and closing up slightly better fell another 600 points from the close of that day and only to rise to close higher by 567 and then wednesday relatively stable and then down again for thursday, a thousand points. we've hit down to 300 or 400 points in the last 10 or 15 minu

attributed to an unlikely savior, albeit i'm not sure he would like to be described as a savior, dominic chu. >> you have to go back to may 2015 -- may 20, 2015 to february 11th, 2016 mark. that's when there were a lot of concerns about china and global growth and driving stocks lower. between then record highs and the bottom, large cap s&p 500 fell by 15% from peak to trough. that's bigger than the pullback we're seeing now, to keep that in mind and for perspective. a lot of factors went into the market bottoming out from that time one of the market calls came not from a market technician, it came from the ceo of jpmorgan chase, jamie dimon in a regulatory filing we found out he bought half million shares of his own company's stock. at the time it amounted to a $27 million bet in this trade. shares of jpmorgan hit a high of 117 bucks, back on january 29th of this year more than doubling his invested capital in just that one trade just like you said, two days away from the two-year anniversary of that big market call on this latest downdraft, a big question will be, will a big company ceo st

declines we have plenty of companies in the market that havefallen tha much from peak to trough dominic chu with that. >> one of the questions i've been tasked with answering for you and our viewers is, where has the most activity been over the course of this market melee? we took a look at the s&p 500 to see where the most activity has been in terms of downside and upside we've seen a bounce. today, obviously, it's not as good of news we took a look at the s&p 500 overall and we figured out over 300 of them have hit 52-week multiyear or record highs just so far in 2018 no surprise with the market that is at record highs just as of a week and a half or two weeks ago. 160 have fallen by 10% or more something some traders like to call correction territory. among those names in that 160 numbers of stocks, we've got a slew that span all kinds of different industries netflix shares, a lot of ak tifrt there. now down 10% from the highs we saw earlier this year. fed fedex, a transportation company some like to look at for a market 11% off recent highs apple, you heard bertha mention that, down to

let's bring in cnbc's dominic chu. >> as things stand, we'll be dropping another 300 points on the dows keep heading higher. according to data from s&p dow jones industries, the s&p 500 itself lost over $1 trillion worth of market value in the last week alone. >> oh, my gosh. >> it's certainly something traders are keeping an eye on. aa cording to the treasury department, it estimates it will need to borrow nearly $1 trillion in 2018 and then borrow more than $1 trillion in the two following years, given all the political turmoil around another possible shutdown, the debt ceiling issues, etcetera, it will be curious whether we see domestic and foreign buyers of the u.s. debt respond this week at the treasury options. they hold their regularly scheduled auctions this week, as well. on the corporate front, qualcomm, they're on the rise. their rival is raising a bid to per share. you may recall last year broadcom's ceo stood next to president trump to announce he was moving the company's headquarters back to the u.s. from singapore. there are, though, some concerns about a hypothetical me