dominic chu explains why and the risks you should know about before you buy. >> reporter: while sudden downdrafts in the stock market leave a bad taste in the mouths of investors, they can make dividend yields looking more attractive. yes, dividend yields. they are the carrot dangled in front of investors. more companies that can't grow their stock prices quickly offer another kind of return to investors who buy their stock. the dividend. many investors like dividends because the yield often beat the interest rates their money can earn with the bank and the same way bond yields rise, dividends rise when stock prices drop. that's why this morning as investors found themselves glued to their ticker of choice, the tv, a computer monitor, a phone, they might have noticed dividend yields looking better and better. this morning, several dow bellwethers had dividend yields at or above 4%. chevron, verizon, caterpillar, exxonmobil and general electric. when general electric's yield is nearly 4%, it can look like an attractive investment to some investors. >> that's twice the ten-year bond yiel

tonight we're looking forward but in order to do that, first, dominic chu is here to talk about how we got here in the first place. >> if you think about it, the dow jones industrial stocks lost $338 billion in market cap just last week alone roughly the equivalent of losing exxonmobil. will you let's take you through the volatile week. first of all, on monday, it wasn't a big loss of a day. we did know here, though, that china had devalued its currency. it's the first time it's happened in quite some time and provided a setup for what we saw later on in the week. you can see the central bank sets the yuan per the dollar. it hasn't done that kind of a move here in years to devalue the currency. again, the markets didn't really have a shake until maybe we saw what happened here on tuesday. here in the home front, dueling economic reports and earnings coming out. walmart versus home depot on the housing side of things. walmart took a hit. home depot held up pretty well. this is playing into things right now especially in the retail front, the health of the american consumer key there. th

and bb & t fell as part of the aggressive strategy to expand in the mid-atlantic region but as dominic chu reports, it may give way to more merger activity in the sector. >> reporter: banking customers in pennsylvania, new jersey and maryland will soon have a new financial institution in their backyard. north carolina-based bb & t corporation signed a deal to buy pen for $1.8 billion in cash and stock. the acquisition will help make bb & t one of the biggest deposit collectors in the state. >> it's growth. the banking industry on the whole is struggling to find growth and acquisitions here to fore have been hard to accomplish because of regulatory winds and you are seeing them progressively pursue this strategy to jump-start growth. >> reporter: while america's biggest lebd lenders haven't been making these types of acquisitions, some are seeing opportunities. smaller banks may become more attractive targets as regional banks expand in new markets in an effort to grow revenues and profits. national pen might be getting easier from a regulatory standpoint as well. >> i think the regulators

dominic chu join us. >> then there was one.eaders voted and this is what you've come up with. basically came down to nike versus chipotle and you can see here what you guys thought. again, that was the most relatively at least over valued was chipotle shares. interestingly enough for chipotle. that is perhaps barricades. the stock had a huge runup but again, this is stock that trades just where analysts think right now so they have to up or lower the targets here. it also has just for context here trades at around 45 times trailing earnings and five times sales so a fairly rich valuation, however, you're talking about a company, as well, that has grown the revenues by 22% compounded annually over five years. so again, the growth is there but just interesting here, guys, that this is what's happening with the poll. >> it haunts me, dom, thank you. ahead of the tape column years ago when it was at 140 and look now. guys, thank you for joining me. this market craziness and we'll hand it over to "fast money." melissa lee, you guys

dominic chu has the story. >> reporter: u.s. stocks are capping off one of the most volatile weeks in recent memory, and some traders are saying the losses may have been hinted at by performance of recent initial public offerings or ipos. just look at stocks like chinese e-commerce giant alibaba and social media company twitter. both were hot ipos at one point, but both are now trading right around their original debut price. renaissance capital is a firm that manages funds tied to the ipo market. and according to their data many of these stocks had been outperforming the broader market at least to start the year. >> the returns on the ipos that happened at the end of '13 and into '14 were very strong. so that encouraged investors to become more confident and participate. and to chase those returns. so it's really about the returns. and that keeps the action going with ipos. >> reporter: but over the last month or so the performance of recent ipos has started to falter and are now underperforming. that could have a big effect on

dominic chu, what's happening?can petroleum institute private trade on weekly oil inventories. weekly crude oil stocks fell by 2.4 million barrels, also that gasoline stockpiles fell by 1 million barrels. they also said distillate stocks were up by 1 million. there was a draw down of crude oil supplies and inventory by 2.4 million barrels and 1 million barrels worth of gasoline. we saw a little tick higher on oil on that bit of news. still, more high frequency data. the weekly data from api coming out right now showing a draw of crude oil inventories. >> this has been moving crude normally. >>> normally sports leagues sponsor with corporate sponsors. partnering each other is unheard of. it's unheard of when the nhl teams up with major league baseball in a deal worth more than $1 million. they join us exclusively when we come back. o love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as

for "nbc nightly news," i'm dominic chu. >>> wages grew at their slowest pace since 1982. the employment cost index, which tallies wages, salaries and benefits rose just 0.2% in the april to june period. that rate is the slowest since records began in the early 1980s, and it follows a 0.7% increase in the first quarter. as we've been reporting, the federal reserve wants wages to rise in order to bring inflation closer to its 2% target. >>> weakness in wage growth will likely raise more doubts about the fed and the strength of the economy. and increases the chances of a december rate hike. he is senior economist at bnp paribas and joins us this evening. good to see you, brickland, welcome. >> thanks for having me. >> i guess one of the better questions is given the fact that the economy is in recovery mode and we've seen advances in a lot of key indices, why haven't we seen upside wage pressure yet? >> well you know this last recession really took a toll on people and it's really hampered their ability to feel confident that when they sit down with ow their boss they can as

dominic chu's been asking for your vote.e been responding in a big way. >> dom joins us with the very latest tally. hi, dom. >> they started off with eight and then there were four and now there are two. just to bring you up to speed on where we stand right now, it's going to be apple in one bracket in one basket and procter & gamble. which of these two dow components represents the better risk/reward scenario going forward. if you take a look at the charts, it's been pretty interesting so far. these stocks, one of them has hit a near two-year low today. that's procter & gamble. you can see in the orange line. apple shares, they have fallen. in correction territory. still up 4% year to date. different momentum stories here. has one fallen by too much or does apple represent really the only large cap opportunity that's left? we've asked you to tweet in with that #buythedip. take a look. aka advisor says apple versus pg. really? what would happen if a high school football team played an nfl team. apple wins this every day. is

dominic chu drilling down on that sector for us now. >> i see what you did there.drilling down" on that sector. if tuyou look at the s&p 500 intraday, it's managed to get a bit of a bounce. the only sector in the green today, up by over 1%. >> why? i thought oil was down today. >> oil it down today. that's the curious part about it. a number of stocks are really driving the action. it's a wide swath. different types of energy stocks. energy stocks overall, year to date gains in energy are also interesting. we got to put that day in context with the overall down trend we are seeing year to date. energy stocks have taken a beating which might explain a partial piece of this story that we are seeing a bit of a relief rally here because of oil prices lower. >> or in some cases they are dividend plays. >> there are people who are buying on the dip possibly. some of the names that are holding up and propping up today's trade so far, they're interesting in that they all represent a different part of the energy sector. chesapeake energy. natural gas play. it was down -- >>

. >> thank you very much, dominic chu. now negative for the year. it's also trading below its 200-day and 50-day moving averages. levels are going to be what we're going to talk about. that's coming up. plus with fears about the global markets is the september rate still on? what wall street economy is telling us. stay with us on a big market day. more and more, data is visual. in fact, the number of mris has increased by ten percent a year. and a radiologist might view a thousand images to find one tiny abnormality in shape, contrast or movement. because it's so challenging, a research project is teaching ibm watson to see. in the future, it could help clinicians spot key patterns quickly and precisely. ibm watson is working to make healthcare smarter every day. it's also trading below its stay with us on a big market " lunch." i >>> wuk back to "power lunch." i'm julia boorstin. they'll be offering twitter to 700 million people that network ad reaches. they try to diversify to their service. back over to you. >> quick question, julia. is there any

dominic chu joins us with a look at five stocks that could offer safe havens in this storm. >> there noise exact way to tell what is going to perform the best or not going to. the markets are currently in flux and always that way. we decided to look at the stocks that fared the best in the wake of the last major correction we had. that was mid april to october of 2011. we took a look at returns from about the middle of october till now to see which stocks in the s&p 500 performed the best. among the standouts are popular names among some of our viewers in terms of the tick er ups the had. under armour. we know about the momentum there. they are riding a big wave with their stable of athletes. pulte group very much a theme, especially in today's trade currently. home building stocks held up well given the malaise we've seen. gilead science. health care has been a hot trade the past couple of years. health care has been one of the leaders over the course of that time. netflix shares, we know how much they've been up. they are falling hard over the last few days. those shares up 540%. r

let's send it out to dominic chu for a quick market flash. what's happening, dom?ver in after-hour, albeit low volume, cdk global, after bloomberg headlines that cdk global is considering a possible sale of itself. cdk is an $8 billion company that specializes in digital marketing to are car dealers. and other type of machinery dealers, marine boats, all kinds of heavy machinery, dealers connecting dealers and clients and providing marketing solutions for them. now, the story goes on to say that the company is also the target of active investors elliott management. they are saying the potential sale might be too large for any one firm alone and that cdk is said to be in discussions with banks regarding possible financing for potential transactions. cdk moving up on, again, very light volume on the bloomberg headlines that the company may be trying to put itself up for sale. back over to you, kel. >> $8 billion, a pretty big cap there. >>> china's move to devalue its currency took a toll on stocks, particularly alibaba. shares down almost 4%. in fact they're down mo

thank you, dominic chu. today's market drop erased all of yesterday's big gains.th me to discuss more what to do, david lebowitz, global market strategist at jpmorgan asset management and scott wren at wells fargo investment. scott, you like industrials and they're some of the worst performers today so state your case. >> they have and what you have to do in order to buy industrials and be overweight industrials which we are, you have to look out over the next 12 months and say is europe going to be better? i think it is. is the u.s. going to be better? i think it is. is japan going to be better, i think it is. now, would we love to see china surprised to the upside gdp wise which i think is unlikely? we sure would, but i would say most of the world is doing better and industrials should benefit from that, although as you mentioned, not just today, but certainly over the last six or 12 months industrials have lagged. i think they'll be doing better in the next is it months. >> some of the worst performers. david you're sticking domestic. consumer discretionary fin

dominic chu what's happening. >> petco is where the pets go. but what we have right now is an s1 ipo filing. petco files its s1 for going public. no indication on the exchange it will be a at or what the ticker will be, but we know among the underwriters are big names like goldman sachs, b of a morgan lynch, wells fargo among the underwriters listed for this offering. no indication on size, the typical $100 million placeholder amount is there. for context remember this is a company that went private not too long ago, about $1.8 billion was the leverage buyout, the lbo, that tpg capital and leonard green partners did to take this company private. petco looks like it will go public again, no ticker, no exchange. we know a placeholder amount but still underwriters listed goldman, b of a, merrill, more details to come. we kind of had an idea about this at the end of july, some of the reports surfaced about a possible ipo for petco. back to you guys. >> we'll see if performance starts to improve as we head into the fall. thank you, dom. appreciate i

dominic chu, bertha coombs, courtney reagan at the nymex. dominic chu, how bad has it been? >> we are out of breath. we've been showing you the heat map for the s&p 500 all day long. in the last couple of hours as selling volume has picked up steam going to the close. the s&p 500 heat map allred. maybe around 20 stocks are in the green as things settle out. maybe four of the stocks are four of the names that have been maybe come to known of as fang. the four stocks that helped drive things to the upside. talking about facebook, amazon or apple, netflix and google shares. you can see today these are just the moves today. facebook was a stock maybe pushing $100 a share just a couple of weeks ago. now we are back down to $86. amazon shares down about another 3.5% today. below $500 a share. netflix also. netflix is still with today's losses and yesterday's losses, the single best-performing stock on a year-to-date basis in the s&p 500. those shares down 7.5% today. google down 5%. these have been some of the darlings that helped propel things. if you take a look at some of the n

. >>> do dominic chu. >> the big air liar stocks are flying high. another with the rest of the market they have been ticking higher, but watch names like southwest, american, jetblue, all up between 1 to 3%, trades -- you can see they're all in the green, messilia. back to you. >>> homebuilder confidence hitting record highs, but so are rental prices. w50e6g9 the real read on housing ahead. >>> plus oil plunging from here. what top analysts and strategists are telling us right now. you're watching cnbc, first in business worldwide. ♪ ♪ ♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end august 31st. share your summer moments in your mercedes-benz with us. and i am a certified arborist for pg&e.ughes i oversee the patrolling of trees near power lines and roots near pipes and underground infrastructure. at pg&e wherever we work, we work hard to protect the environment. getting the job done safely so we can k

dominic chu has more from cnbc hq. >> let's set the stage with the charts overall from month-to-datesaw the daily moves here. the dow industrials, nasdaq composite s&p 500 all down between 6% and 7% on a one month basis. a rough move overall for the s&p 500. we did say they moved out of correction territory. that is plus or minus 10% mark there most these moves have now are are factored in. the median target price among analysts and strategists we survey here puts the s&p year-end target at 2,211. that implies about a 12% upside move from here. the high estimates remains. they say 2,325, the most bullish analysts we target here at cnbc. the lowest estimates come from barclays. both see 2,100. a more modest move from current levels here. as you take a look at what's happening here, oil will be a part of this overall equation. just to give you another idea on a one-month basis, we are up 2%. between the end of july and the lows we saw, we dropped nearly 20% thereabouts and rallied now 27% intraday today about 24%, 25% to close just to get back to positive territory for the month of aug

we asked dominic chu to take a look. >> you and sarah pointed out the worst and best performing aspect of those stocks today. if you look at the chart you just saw, very much about the same picture year to date. they've gone in opposite directions. walmart down by 19%. meanwhile, home depot rising the housing wave that diana olick has been talking about. let's take a look at home depot first of all. there is a decent consensus view here. it is at least a whole, not a sell it all. analysts say are a buy, 12 rated a hold. the interesting part about the current average target price for these analysts sits right about where home depot is right now. no more implied ginns. we'll see if analysts upped their target or take down targets now that their targets have been met. that's home depot, the positive side. on the walmart side, walmart have nine buy ratings, 18 holds, zero sells. again, hold or better, but much more on the hold side right now. the interesting part about this, tyler, the average target price for at least walmart shares implies a possible 14% to 15% upside from current levels

now let's get to dominic chu for a market flash. >> another wild ride for semiconductor stocks. the market semiconductor etf up 3% on the day, 2% for this week. on pace for its best week since early in february. leading the way higher ahavingo technologies up 9% or so on strong earnings. also micron, amd and broadcom not far behind between 4% and 9% to the up side. but remember for many of these names, many of them, this was all, mandy, about a big, big downturn for some of these stocks. so perhaps just a bit of a bounce in an otherwise down trend. we'll see if it turns. back to you. >> thank you very much, dom. let's now turn to the great fall. yeah, not the great wall but the great fall of china. it's been an awful for anyone invested in chinese stocks. last night the volatility continued with shanghai and shenzhen composite finishing 5 1/2% and 3 1/2% higher respectively. but both indexes still down a shocking 24% plus in the last month alone. let's take a look at the ishares large cap china etf. that is listed as fxi. it is up more than 3 1/2% today. however, it is down 7 1/

dominic chu joins us how are you? >> i'm great.re spot-on with analyst and economist expectations. we created 215,000 jobs in the month so again this is in july that's exactly what economists were expecting. the unemployment rate comes in at 5.3% also exactly as economists on average had forecasted for wage growth coming in at 0.2% so wage growth is there, albeit modest. that was in line with economist expectations. private sector job growth drove most of the gains. the sectors that saw some of the biggest gains included industries like health care also retail and food service. they were the ones that showed some of the biggest gains as you can see there. manufacturing picked up about 15,000 jobs. the weakness came and has been in the mining logging and timber businesses we saw job losses there again as well. and the key number that a lot of economists are focusing on right now is something called the u6 the underemployment rate that stands at 10.4%. that means people who are working in part-time jobs but want to be working full ti

dominic chu with a closer look. >> good morning.are judged by you, the viewers out there, because you are intelligent, you are financially savvy and we want to know among eight dow stocks which ones are the best opportunities. you've taken eight and whittled them down to four based upon your votes with that tweet buy the dip, buy the dip and online, cnbc.com. you've chosen apple over intel, also exxon over caterpillar and on this side here, american express over ibm, proctor & gamble over walmart. those are your four finalists. what we want to know is, based upon these four, which stocks move on to the finals? is it going to be apple or exxon? look at apple shares here, the chart hasn't been pretty over the past couple of months but still, a compelling case to be made there. also, exxon mobil, what's going to happen with oil prices? is that going to have an affect on the trade for exxon mobil shares? of course look at what's happening this with american express and proctor & gamble. make american express bottomed outing maybe pricin

dominic chu has a look. >> we told you before, a massive move if you count up all the intra day moves since last friday's big drop, we have dropped about, moved, anyway, about 10,000 points up and down throughout the course of the last week. here, remember, highlighting that 530 point drop, 588, 205, the up 619, up 369, we were in correction territory for all the major indices, we were out of it. let's take a look one layer down to what -- where the action was so far this week. if you take a look at the s&p 500's main sectors, so far we are almost flat on the day. over the last week, just about fractional gains, three-quarters of 1%. the best performing sector over the course of the past week given all the volatility week to date, believe it or not, is energy. people are buying up some of the energy names. whether or not it's short covering or not remains to be seen. maybe it runs out of steam. still, energy and technology. technology's important. we always point it out, it's the single biggest sector in the s&p 500. as for the worst performing ones, utilities and telecom stocks. two

. >> dominic chu, thank you. if this becomes a political issue in this campaign. look out. that is going to be fascinating. >>> of course, we are keeping our eye on this story throughout the day. stay here on msnbc for it. coming up next, however, tensions rising as more than just empty threats coming from north korea as kim jung un puts his military on high alert. that next on "andrea mitchell reports." boy: once upon a time, there was a nice house that lived with a family. one day, it started to rain and rain. water got inside and ruined everybody's everythings. the house thought she let the family down. but the family just didn't think a flood could ever happen. the reality is, floods do happen. protect what matters. get flood insurance. visit floodsmart.gov/flood to learn more. ♪ [ female announcer ] everything kids touch at school sticks with them. make sure the germs they bring home don't stick around. use clorox disinfecting products. you handle life; clorox handles the germs. you handle life; behold, these are two can you spot the difference? the wind farm on the ri

time now for business before the bell with cnbc's dominic chu.tant manager editor, leigh gallagher. an ominous start, really, to the trading day. >> i guess you could say some people expected this. other people didn't. after 1,000 points being shaved off the dow last week, we were looking for at least maybe some kind of stability. maybe not as much selling. it didn't start off that way last night when stock futures opened. we were looking to maybe be down 90, 100, 110 points in the dow. all of a sudden, the current check is dow futureerize indicating what could be anywhere from a 550 to a 650-point down day for the dow jones. that's just a start. again, this is not that there's panic at all in the market, but there is certainly an overwhelming sense, a bias, if you will, for the markets to be lower from here. during times like this, it's very difficult to go out there and tell people that things are going to be okay. we don't know what's going to happen here with the overall markets. what we can say right now though is that we know people are com

we have dominic chu. >> we talked about the idea of buy the dip.ek lows that could be values. we wanted to ask viewers, tweeters and readers of cnbc.com, which stocks might have great momentum, setting record highs in 2015 but maybe are a little overexpended. with he put up facebook, jpmorgan, nike, home depot and netflix. we asked you to vote and tweet about which ones you think could be due for a bigger pullback if the market starts to take a turn. we have the winners based on your vote. jpmorgan out of this brackett. some a little more bearish on the jpmorgan shares. nike wins out over starbucks. maybe a high but nike some people say could be due for more of a fall. chipotle wins out over underarmor and netflix comes out of the matchup with home depot. here are your final four. with he would love if you viewers would tweet in or go to cnbc.com and vote an tell us why you think some of these stocks are due for a deeper pullback than others. this is wa a photo finish neck and neck in terms of polling and voting. jpmorgan emerges as the resulting w

dominic chu what's happening? >> chinese internet and online media. in better than expected. 6 cents per share. analysts were looking at 4 cents per share. revenues also coming in better than expected, $211 million. analysts looking for $200 million. as for weibo, q-2 earnings better. nickel per share. analysts looking for 3 cents. revenue $108 million. those shares up sharply. i would point up by about 6% though i would point out for weibo that 6% gain is on 9,000 shares per volume, so relatively thin trade. still different directions here for a couple of the big internet online type names, media names in china, guys. back over to you, kel. >> all right, don, thank you very much. now, cnbc's "million dollar homes" segment is back. to get away from the recent heat wave. we're check on million-dollar waterfront homes. two houses in the same market face off. it's round 4 now. so we're visiting the malibu market where we have beach chic versus california dreaming. let's take a look. >> a modern sea escape where the surf's always up. gaze out at 20 feet o

dominic chu looking at some of the biggest dow movers.gers at the nasdaq and jackie deangelis following this stunning turnaround in oil. let's take a look back at this week's market action. >> there is the opening bell. >> dow is down 1,000 points. >> there was real genuine panic selling. >> these are enormous moves. >> making my eyes pop out of my head when i was watching the quotes here. >> as of this moment, it is the strongest rally of the year. >> we are in sort of a very strange unchartered territory. >> a volatile final hour of trading turning this rally into a decline. >> trading was chaotic. the dow cratering into the close. >> heading back up. >> markets rebounding today. it's been a wild week of volatility. >> those people waiting and hoping to take advantage of a meltdown found the clock was running out. >> we have another roller coaster session on wall street. >> have we bottomed here? >> you have to go back to black monday 1987 to get this type of volatility in the market. >> when you see this level of volatility you get ner

dominic chu is here to walk us through it, what it is and why we care -- or maybe don't.th cross! >> pure technicians. purist technicians, helene miseler tweeted that this is not actually a true death cross because the 250 moving day averages have to be both declining when they cross. interesting subtleties that some technicians may point to. regardless, the 50-day or shorter term moving average of the stock market is now below the longer term average, the 200-day moving average. that's the cross. >> but it is sort of a fake death cross then because they -- to your point, they need to be rolling down when they cross. >> tom mcclellan over at the mcclellan oscillator, a technician, very smart guy, watches charts and patterns. he is a technician. he said over the past two years we've seen a couple different times when the dow's shorter term price average has crossed below its longer term. we saw it back here 2010 a couple of different times here, 2011. but each particular time tom points out it seemed to mark a bottom or turning point for the overall market. he argues that

dominic chu telling us which one is leading the rebounds since the depth of the recent market swoon. >> later current head of tiaa cref, roger ferguson will join us. >>> welcome back a snapback session for the markets. the dow up 238 points. it has moved down. we were up 300 top of the hour. we'll keep a close eye on it. s&p up 26. nasdaq 100. check out qqq. that having a session up 2.6% today. yesterday's sell-off, what a difference a day makes. apple has a market cap of about $616 billion. up 4.5% today. if you look at quick math, if you go back to yesterday's intraday low, $92 a share, that means that from that time it was about a $525 billion company. we got back about 92 billion worth of market cap for apple. amazon shading up about 3.5%. market cap about $224 billion. at the $451 per share intraday lose yesterday, it was worth about $210 billion. we've gotten back about $14 billion in market value for these particular shares overall. netflix, single best performer in the s&p 500, $104, $105 close to a share up by about 8%. near its best levels today. it's got about $44 billion

so where are the biggest stock winners right now in dominic chu is a man who hopefully knows. >> we took that question. we looked at the s&p 500 stocks out there. take a look at some of the stocks. the s&p 500 stocks, we look for which ones had some of the biggest drops yesterday. 5% or more. that 500 became 105. we then said of the 105, how many of those stocks which fell by 5% yesterday are up by 5% or more today? that list then became seven. and then only three of those actually have positive year-to-date returns so far. let's take a look at the three names, three names out the of the s&p 500 under armour shares up by 5% today. you can see the chart over the past couple of days staging a bit of a comeback from the lows we saw on monday. again, big drops, yesterday for under armour but better valuations, one of the biggest advancers in the s&p 500 today. then you have another one here, amazon.com. another momentum stock. one of the stocks that have been getting a lot of attention for powering the moves higher over the past year. steep drops here but then getting momentum. it's up about

dominic chu, i hope we don't have any dead cats out there. >> sometimes people talk about buying dipsr stocks that have just fallen so much in value. you wonder if some of these big pops are due because they have fallen by so much. the debate will always be there. we screened the s&p 500 for some of the biggest gains we've seen since the close on tuesday when the market kind of bottomed in this near-term move. then looked for the ones that are still negative year to date. in oerdz, chein other words, sh fossil, big pop to the up side. norfolk southern, up 9%. hp up 9%. chevron up 15%. freeport mcmoran up 29%. check this out, if you look at the year to date returns, it is very different. fossil is down 44%. norfolk southern's down 27%. hp is down 30%. chevron down 28% and freeport down 54% even with these gains. the overall picture, sometimes these could be some of those falling knives but next hour we'll look at some of the viable bounces that have led to year-to-date gains. momentum mixed in with some of those bounces. back to you. >>> stocks currently near session lows. chief equity

let me bring in cnbc's dominic chu.from yesterday, man. >> we finished the day at 588 points on the dow yesterday. we've gotten back about 320 of them now. so when you put it in a bigger context over yesterday, remember just after the open we dropped nearly 1100 points and we dropped by a thousand points last week, so this is a very, very strong rally today, there's no doubt about it. however, we are still a far way away from where we were a day ago and just a week ago, so at least a little tepid toip am i familiar -- optimism coming into the market today. the stocks in the last few days are the ones that posed the biggest comeback. >> what are those stocks that took a beating jumping back up today? >> apple, for instance. at one point yesterday it was at 12 or 13% at the open. up today at 4 or 5% at last check. google, amazon, names that have been hot with investors for some time, they're the ones leading the charge today. you wonder if the momentum will last, but right now the most beaten down stocks are the ones turn

let's go to dominic chu. >> as the selloff continues, a brighter spot happening right now, that's the gold miners, gdx may be off for the day but up 8% for the week, ten percent for the month. it's up just mod evidently wavering between gains an losses. the stock is leading the gains for the s&p 500 so far. this week the best fer forming stock, tyler, in the s&p 500 this week amit the route is newmont mining. >> rick santelli is on holiday, but we do still have a bond report. the price is moving higher. the farther out the curve you go, the greater the price gains, the more the yields are falling. look at the ten-year at 2.04%. earlier it was 2.03, and on the 30 at 2.73, almost 2.74%. money moving in to the relative safety of the bond market. mandy? >> okay. thank you. european stock markets plunging on more china fears. the stoxx nearing correction territory down nearly 3% and on course for the biggest weekly loss since december of last year. the dax, ftse all in the red in overnight trade. in fact, the french craac is al down. >>> the european fund is up 27% since 2013. katrina, wel

the three big areas we're focusing on macro, fundamental and technical, and dominic chu will lay out the bull and bear case for each. dom? >> there's strong and there's a lot of them on both sides of the equation. >> sure. >> let's talk about the macro bigger picture scale first. first of all, you have at least what's perceived to be some economic strength or resiliency. maybe not robust growth. still, in the eurozone and the u.s., yes, i know the eurozone is stepied at best and may be slipping back to recession but it's holding in there and the u.s. holding it better than most economies out there. that's kind of the bullish case if you want to see it that way. take a look at china though. slowing growth there. growing faster than any of us out here, but, still, that slowing growth may be a huge case for the downside of china's economic woes really deepen as the market it your miles condition. let's take a look at what's happening with the overall numberal case of things. stocks in the u.s. are doing okay because what you have if profits come in line, the rest of the way this earning

dominic chu has been following them for weeks now and watching it for us today. what did you find? >> we look at these as an indicator for overall health ef the market. a year to date chart with the orange line being the dow transportation stocks and the white line being the dow industrials. we've seen this slowing down of momentum. we were waiting to see if this bounce in transportation stocks recently would translate into an overall bounce for the industry. maybe we are seeing that, nice gains today. but remember, we're very much still in this down trend if you will. the chart for the dow transportation stocks over the past month, you can see it here -- transportation stocks up 2% but it's been a bit of a roller coaster ride as investors and traders try to figure out a direction. this index is very much in a no-man's land right now, at least on a short. term basis. it still sits below its average price for the laugh 200 days but right around its average price for the last 50. it's technical jargon. we're trying to figure out if this is break out higher. stocks kind of pushing and

. >>> dominic chu highlighted the oil stock losers just moments ago. oil continues to fall. wti crude both down steeply today. we'll tell you who's make being the big calls and how they are staying ahead of oil's decline. that and much more when "power" comes back on cnbc. it took serena williams years to master the two handed backhand. but only one shot to master the chase mobile app. technology designed for you. so you can easily master the way you bank. nobody's hurt,but there will you totstill be pain.new car. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by calling switch to liberty mutual and you can save u

dominic chu, what are you watching? >> i'm watching cal didn-maine.roducer stock was raised from buy to hold saying its recent pull back has created a buying opportunity. they held inindustdustry confer. eggs for that slam burger/world peace/whatever burger, denny's and burger king are trying to put together. >> thanks for that, dom. >>> the markets are back sliding a little bit off the best levels of the day. we were down by triple digits earlier in the dow, we got up almost towards break-even, now sliding back down by 88 points on the dow. the s&p is down by 11 points. the north dakoasdaq down by 23. you were voicing your skepticism earlier on today. how much of this is just due to short covering in oil? >> yes, that's what's going on. much of this rally in the morning was due to energy stocks moving up dramatically. want to show you the xle, the main etf. we were moving. you even prior to these comments from opec. they wanted to talk to other countries. also even prior to the production numbers from the eia, monthly numbers that show small producti

it dominic chu now has a news alert from the oil patch. >> of course, if it's friday it must be rig counts. baker hughes weekly rig counts coming out with u.s. oil rigs up six to 670 total rigs. again a gain of six oil rigs in the u.s. to a total of 670. context wise we are still down 918 from the same time last year. still though, the weekly high-frequency information coming out with ripping counts showing that we have gained six this time around so we'll see in any kind of real reaction happens in crude. nothing significant so far but again you see crowd down by 1.5% today. >> we will see if it breaks below $44 instantly. thank you very much for that. >>> shares of cheniere energy soaring. carl icahn saying the shares are undervalued and that he may seek himself a seat on the board. >>> today's big gains helping to trim losses for the stock this year to about 2.5%. >>> to the wildfires blazing across the western united states. the cost of fighting the flames is rising at an alarming rate as well. for the first time ever, u.s. forest service is spending over half its budget on controlling

dominic chu, what's going on?bond fund giant saying their total return actively traded bond fund the ticker there bond they've said this particular fund's investment manager had said they received a wells notice from the s.e.c. that relates to this particular etf. again, the total return etf ticker b.o.n.d. bond. the notice they say indicates the staff's preliminary determination to recommend the s.e.c. commences civil action against pimco stemming from a non-public investigation into the fund. a wells notice is neither a formal allegation of wrongdoing nor a finding that any law was violated. so that's again some of the boilerplate stuff from what a wells notice is. they do say this matter principally pertains to the valuation of smaller size positions in non-agency mortgage-backed securities purchased by this particular etf between the dates of its inception, february 29th, 2012 to june 30th of 2012. so again, some valuation concerns are being raised by regulators. they've issued something called a wells notice.

. >> dominic chu at cnbc it's a roller coaster and not the fun kind. >> exactly. we have trouble in the caribbean as erika gains strength. >> good morning. we show you erika getting itself together, gaining strength. track this thing. the latest from the national hurricane center. it is currently not quite making its way felt as a hurricane yet. at 390 miles east of antigua, it is moving west quickly at 18 miles per hour. already we have seen hurricane watches and warnings going up. we have hurricane warnings for puerto rico, the virgin islands, guadeloupe under storm watches. four to eight inches of rain is good news for puerto rico as long as the winds stay off. tropical storm-force winds tonight. over the weekend it makes it to the bahamas. look at monday morning. this is forecast track as a category 1 storm north of miami. we have other models showing this -- you watch this track and we have eight modelles we look at for hurricanes. just about all of them bring it somewhere into southern florida or the gulf. we'll track this closely right through the weekend.

dominic chu. right? >> yes! it is. >> i knew it. >> you knew it. >> because you have no life.re something else. >> i don't have a life whatsoever. i'm glad that you appreciate the fact i have no life right now, joe. >> right. misery loves company. >> it does, for sure. okay. so that tiffany chart you showed over the last year, shows real negative momentum and down year to date at this popt here so when we look at snapback stocks and find the one that have fallen the most and bounced back the most and not those proverbial falling knives or dead cat bounces. maybe it's a short-term pop. what we did is took the s&p 500, looked for the biggest drops on tuesday, those that fell by 2% or more at least on tuesday. 500 stocks became 167. we then said, okay, then what about wednesday's action? up by at least 5%. that 167 fell to just 19 stocks in the s&p 500. and then we said, in order to avoid those falling knives, look at the ones still positive year to date. right in the ones that have shown some strength, relative momentum going into these numbers and that 19 became just 2 stocks.