back to you. >>> dominick chu. >>> when we come back plenty of green on your screen, all the major averages than 1%. rick santelli, what are you looking at going into the afternoon? >> i'm looking at the board for one thing, up 363 doesn't negate all of yesterday. that's why i love the two-day charts, looking at the difference between 10-year note rates and bund rates, something important going on there you should be aware of. and we're going to talk risk/reward after the break. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical

dominick chu joins us now. what's happening on wall street? what's happening with the 401(k)s out there? this is not good. >> listen. this is four straight days of losses. we haven't really seen this action in white some time. the last time it was a pullback that got close to what we're talking right now is april of october 2011. that's got some people a little bit worried. the interesting part about what's happening right now is that we're down about 228 points on the dow. like you said. but that's well off the worse levels we've seen so far today. so it looks like for now, and i will just say for now, the selling may have stabilized just a little bit. we were down over 300 points at one point. you've got concerns about china. whether or not the economy is slowing down there and whether or not that's going to be indicative of more asian economies -- i mean, china is a huge part of the picture. it's the world's second biggest economy. that's carrying through what's happening with oil prices as well. oil prices that are lower lead to gasoline p

let's send it out to dominick chu for a market flash. >>> i need a bubble gum cigar of my own.rts that german company, a huge giant in that category has possibly secured financing for a potential takeover of the company according to reuters. they say that it will wait for the offer before approaching syngenta. stock up more than 3% this morning. but remember it has its own bid or trying to make a bid for this company around $45 billion. we'll watch those shares as the afternoon gets under way. back over to you. >> that's for sure. let's send it to john fortt for "squawk alley." >>> at&t and direct tv have already gotten enticement to sign on. we'll look at what that says about what's coming and uber's valuation keeps going up. where it is and what it signals and finally david byrne of the talking heads, critical about the business model for streaming, not the same as it ever was. all that and more coming up. but not every insurance company understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means