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futures. 600 points nearly the decline on the dow. i0 points now lower on the dow. backn a couple of minutes. i'm . nothing's wrong with the elevator. right. but you want to fix it. right. so who sent you? new guy. what new guy? watson. my analysis of sensor and maintenance data indicates elevator 3 will malfunction in 2 days. there you go. you still need a pass. >>> welcome back to "worldwide exchange." let's get you up to date with the market picture following those big declines yesterday. down 4.6% on the dow yesterday we're expected to open lower by 540 points on the dow. 38 on the s&p. 40 on the nasdaq that's a couple of percent for the dow. the s&p over a percent of a decline. the nasdaq is the best performer this morning in percentage terms. down less than 1%. let's look at europe, which opened down about 3% rallied back to being down about 1.5% it sits in between those levels. down about 2% this morning definitely not down as much as asian trade, which was playing catch up to the dow side with the u.s. we saw the nikkei close down over -- close to 5%. hong k

you look at the dow components, the 30 dow. they are all down right now. >> shepard: we just hit technically a market correction. the dow is down 1,100 points last week. the dow is down 1,600 points today or was just seconds ago. in fact, it's down so much the graphics don't fit on our screen right now. the dow is officially now in market correction. should it close at these levels. >> should close at these levels. we're seeing across the board nor the dow jones average, all of these stocks including apple, which you'll remember, shep, some of us reporting last week earnings of a dis appoiappoindi. >> wells fargo down 8.5%. the s&p down 5% from the latest high, which was again set on january 26. investors are clearly worried about evidence of rising inflation in the united states. when it costs more to borrow money, which it will especially from the federal government, we talked about the 30-year treasury, when it costs more to borrow money and people stop spending. when people stop spending, inflation can happen. in all of the

the dow last week.people aren't as convinced today and, of course, you have low volume. not a lot of conviction here in the selling but you are seeing 281 points down on the dow. dow laggards now, walmart leading the way about 10% that stock off. a big move for walmart, and that's on lower earnings submits going forward and a poor fourth quarter. merck, united technologies, verizon, all the companies across the board, different industries playing here. s&p laggards, big names there, gap, kroger, signet jewels. kraft heinz, whether it's food companies, consumer company, walmart a big play and in the crosshairs of amazon. they saw the earnings report but what they dug into there were the sales online which were very disappointing. third quarter year-over-year online sales were up 50%. fourth quarter only up 23%. people said what happened to christmas? we expected a big move there. so traders saying we are concerned about what's going on in the broader economy, but also this is also a reaction to what happ

the dow off 2.3%.t's going to put us in maybe the top five losing sessions of all-time, but keep in mind, folks at home should pay attention to the percentage losses, right? 634% in august of 2011 was almost a 6% loss, not a 2% loss. liz: right. >> so that we kind of calm the atmosphere a little bit. >> i think that's extraordinarily important. alan knuckman on the floor of the cme, are you seeing interesting trading flows? >> eerily quiet day, it's an orderly decline, and looks like a healthy unwind. let's remember we closed at all-time forever highs last friday, in the mdx, the dow and the s&p. down a couple percent for the week. just as mr. payne was saying, look at percent not points. the numbers are so much bigger because we're at lofty levels, it's not just us. liz: exactly. the volatility index climbed another 2 percentage points. started the show it was up 26%. now up 28%. what do you glean from that? >> i need to see the vix on a weekly basis. every explosion over the last eight years beaten b

the dow was up 517 points.have earnings coming out after the bell that on any given day might set the tone for the next day's trading. nicole, what are we expecting. >> what we are seeing is higher, we expect a rise in revenue. the big story is that they been buying parts of fox, $52 billion and the other thing is star wars will be a big part as well but the big picture over the past 52 weeks is disney has been lagging but earnings have been great. we saw 52% of companies reporting, we've had 77% earnings-per-share, 80% on revenue. this is the big picture. we also have chipolte. i want to bring to your attention all this volatility, a few days ago when it all began, last week, the last update was on thursday. we are now 1340 points to the downside after all these days of trading. >> and after thousands and thousands of points to the upside, it's not the worst thing in the world. >> one 100%. still up more than 35%. >> nicole, thank you purge she prepare for earnings. a big relief available. >> we were there the

the dow is down 3 and 2/3%. we're below 24,000 with 3 1/2 minutes to go before the closing bell rings. andy is. >> what you have, liz, you have a perfect storm of higher interest rates coming. you have a federal reserve that said they will continue to tighten. you have a budget, lack of budget discipline. you will have a tremendous amount of new issued treasurys. you are going to higher and higher yields. historically we should be, 10-year should be at nominal gdp we're not going to go there. the central bank put is dead. that is it what the fed wants you to believe. you have to go to higher interest rates. it will be messy for the markets. to hank's point, yeah the economy is doing great. we don't see it changing. you got here because of the fed. that is what it is. it is about money and flows. liz: all three major indices about to be in correction territory. down 10% from the recent highs. 2 1/2 minutes to go before the closing bell rings. we're down 895 points. charlie gasparino, a lot of people are throwing

down 4% for the dow. box" comes up next over 80 years. ay cor call us or your advisor. t. rowe price. invest with confidence. when my vehicle i wwas hit by an ied.r in iraq i looked down and i knew i was out of the fight. but playing for team usa has been a second chance to represent my country. i get to show my children and the world that, yeah, i might have been knocked down, but i'm up, and i'm honored to be able to represent the flag. comcast is grateful to all who have served our country, and we're proud to bring the 2018 olympic and paralympic winter games home to everyone. >>> u.s. futures are clawing back after the dow again plunged more than 1,000 points yesterday. now in correction territory. the index on pace now to see its worst week since the heart of the financial crisis breaking overnight, the government shutdown after lawmakers fail to pass a spending bill by the midnight deadline, but congress just passed a funding bill in the last half hour the shortest shutdown in history, you were prob

you're down 1600 points on the dow. totally ridiculous and on only moderate volume because there were no bids >> amen! amen >> thank you now we have circled the wagons again and they're tlig to build it back up when you have this kind of action, it usually indicates you're going to have another day or two to try to find a bottom because now it's like the patient had heart surgery. and now every day you're going to come in and he's going to want to know, am i strong enough to go to the front door? do i feel well enough to walk two blocks down? you'll see a market testing and retesting itself to build a bottom. >> i'm reminded that this is the time when people start to say the stocks are trading like commodities now. right now they're just watching these levels i know fundamentals matter but not right this moment. they're just searching for ee qua lib rum. >> they traded like commodity levels on the way up i spoke to - >> i did. >> very few felt their stocks deserved where they were a lot of executives said, we've been ca

the dow was down 200. dow industrials 1057 points. s&p and nasdaq is positive. and the nasdaq up right now with 31 points up one half of 1%. we been on the market turmoil yesterday. >> we couldn't be more proud of the fact. the market is increased by thousands of points since election day of 2016. but today's selloff represents the oven flow of our stock markets. we recognize that. the most important numbers to focus on are the fundamentals. maria: the latest as the white house is resident travis focused on fundamentals which remain exceptionally strong. turmoil comes as investors are eyeing fundamentals. fourth-quarter earnings before the bell this morning. we'll bring you those numbers are the stock of 4.5% ahead of the numbers. the other key name to watch as disney. it reports after the close tonight. what you need to watch for both companies coming out. check this out. the crypto currency fell below $6000 in earlier trading. it is now lost half of its value since the start of the year is 6465. coming up this tuesday morning. fox business network dagen mcdowe

dow up 3.5, nasdaq up 5.5. triple digit for the dow, 153 points and yields has been a big factor over the past couple weeks we've seen yields rising that is a factor for why we're seeing equities sell off. 2.8 friday but the ten-year significantly elevated from the start of the year there is also a selloff around the rest of the world. we've got full team coverage cnbc's sri jegarajah is standing by in london let's start with nancy hungerford live in zyngsingapor. is. >> hi there. almost in lockstep with the dow jones move, 2.5% for the downside here. this is the worst for the nikkei 255 since the presidential election make no mistake about it, this is a broad selloff higher by 0.7% yes, there was encouraging economic data coming out of china for the services sector. the pmi beating some forecasts, going at its fastest pace in six years but there was weakness in small caps and likely state-backed funds were coming in and buying some big heavyweights take a look at heavyweights on the move in shanghai the big ba

down 618 on the dow. jeffrey cleveland is joining us now, and larry kudlow has made it he's cnbc senior contributor we want to get their take on everything that's happening here larry, first of all, there's been some speculation, as art said earlier, there's a buyer's strike because of the house releasing the fbi memo maybe not clear how this is going to pan out he said he was going to wait to hear what they said on the sunday shows what they say about the president or head of the fbi. anything you would add into that >> i doubt if there's much linkage between this fisa memo and the market i'll just say that i think there's some bad things going on, unfortunately, with respect to the fbi and the justice department i think they relied on bad people who were, you know, hating donald trump and we'll get into all those details as it unfolds. >> so you don't think -- >> if anything as president trump's position is bolstered by this memo. at least that's my take. eye said it before, i'll keep saying it. this in

dow futures higher by 110 points.heryl: let's pull up futures if we can, to lauren's point a lot of activity in the future's market, a lot of that is based on what is happening in washington federal deficits, interest rates, economic effect of all of this, let's bring in scott shellady, managing director at tj europe, he joins us on the phone from london, we have two breaking stories, what we are seeing in washington but also the selloff yesterday and the volatility seems to really be feeding into european market this is morning, our futures are higher, european markets are lower as they are trading, what's going on in. >> well, european markets are playing catch-up to what happened in the last couple of hours in the u.s. session yesterday and, again, the u.s. is the dog that was wagging the tail of europe here and it's because of what we have happening, the drunken sellers are lost ant better than economic numbers and we saw nonpayroll day and things seemed to be getting better and everybody confused why is market of

the dow off by 220 points.tick around, "worldwide exchange" will be right back for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> welcome back to "worldwide exchange." i'm wilfred frost. let's get you up to speed on the market action. big selloff, down 263 points on the dow. down 23 points on the s&p. the nasdaq off 44 points this comes off a week of declines week to date dow

by the way, now the dow, let's put the dow on your screen it's down more than 900 points we're below 24,000 we punched through 25,000 and 26,000 this year before sharply reversing course now going down the other way we were down 902 dow is around that 24,000 mark bill >> thank you very much, kelly. we have three minutes left here. let's walk through here. i know somewhere in here our gang has a chart, an intraday chart that compares the dow or the s&p with the vix and it will be a very clear -- it will show very clearly this inverse relationship that has existed all day today between those two instruments as equities move lower, the vix was going higher and vice versa. as we sit here with the dow down -- testing now just below the 24,000 level, down 3.6%, the vix continues to move higher we're at 35 right now. >> remember what the vix does. the vix is doing its job there's nothing unusual going on. >> clearly, this is what's going on right now. >> we are measuring the effect of buying protection near term protection in the s&p 500. that's what you're looking at. 30 days out for the s

dow futures just popped higher. this is dow futures up 148 points. they were down more than 700 points overnight. it gives you a sense of how wild this market sentiment is at the moment. the dow lost more than 1,800 points in the past two days. monday was brutal. shedding a record 1,175 points. it is something i have never said before in 20 years of covering stock markets. more than 1,000 points. 4.6%. a big-point loss. we he had a big run up that percentage wise, it is shy of 5%. this is a rebound. look here. we got down to 24,000. the average was down to 1,600 points. the dow's worst day in six years. wiping out the dow gains for the year. what is going on? a couple of things. the trigger was the jobs report friday. particularly strong wage growth. 2.9% wage growth. it is bad for corporate profits. the fed reserve may need to raise rates faster than planned. the biggest concern. a selloff in the bond market. bond yields hit a four-year high friday. as yields go up, bonds offer better returns. even if stocks continue to drop today, there is no chanc

we see a big move to the upside of 500 points for the dow.ee from your clients and people we talk to? >> i got a little more aggressive this morning. i based it on behavioral analysis. to have a rally on a friday is pretty impressive most of the time. to have a fried on rally like today in midst of all things we're going to is phenomenal. 24,200 was the magical number. if we close above it, i think it is great. i get very aggressive north of 25,200. i think the then the smoke is cleared. all of my work is based on fundamental research. i know what i want to buy, liz. it is just a matter of charts are useless when the market medicals down like this except to the upside and behavioral analysis. a lot of people sold i think it is found north. i disagree with the experts. i like when president trump talks about the stock market. the average person need to know they can buy a stock at company or restaurant they frequent and hold it for 20 years to pay for their kids college tuition. we are myopic. look at it second to second. no one champions the

dow is at session highs. we're at 546 a volatile last hour speaking of volatile, the vix today is just below 25 right now. it's still elevated but you see green across the screens the russell up a little less than that. >>> still ahead, the ten-year u.s. treasury yield touched its highest level in four years today. we'll tell you what that could mean for stocks and for housing going forward. later, goldman pointing to an international market as a safe place to hide out amid this volatility we'll tell you which one that is when the "closing bell" returns. each day our planet awakens with signs of opportunity. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. today, innovation in the finger lakes is helping build the ne

the dow gained 410 points.o surprise a bit of down side stable in the mility in the mars just yesterday this same hour we were talking about 2.88% ten-year treasury note yields. right now 2.82, 2.83% the last trade there. so a little bit of a bid for treasury prices and a drop in yields that's the story so far across the u.s. treasury curve. >> one story this morning, steven cohen's investment firm is being suzed for sexism in the workplace. leslie picker has that story >> that's right. an employee is suing point72, steve cohen and president douglas hanes. the complaint alleges that male executives at point72 engaged in a pattern of discrimination against women and equal pay. it also details a toxic work environment where women were criticized for their appearance, forced to draft powerpoint prez ta presentations after giving birth. the woman accuses cohen and hayes of aiding and abetting the unlawful employment practices and retaliation. she is looking to restrain point72 from engaging in such further unlawful

the dow solidly back above 25,000. off the highs, but the release of the fed minutes sparked the markets at least the attention, wiping out at least much of yesterday's losses, but we've got to see if we can hold on this hour. things have changed in the last couple of seconds here. >>> meanwhile at the white house, president trump meeting with some of the biggest labor leaders in the nation. president trump talking trade, jobs and the economy with the leaders of the teamsters, the steelworkers, the auto workers and other trade groups. this after team trump released economic outlook earlier this afternoon. the president's council of economic advisers came out with numbers and the numbers disappoint, if you had been hoping that what the president said on the campaign trail would come true. we'll get those be ins to you in just a moment. >>> bob nardelli, grandson of the biggest companies in the nation, he'll tell us whether this economic team of the president's should have come up with a more solid number in this very wi

d dow futures down 620 points right now. we've seen down by 300, down by 500, down by 600, singing become and forth. the nasdaq is indicated down by 104 points and the s&p down 55 points yesterday was the biggest point loss in history for the dow, but the dow has gotten bigger than in years past. this was only a 4.8% decline for the dow that does not put it near the top 10, top 12 in terms of percentage decline for the historical numbers >>> the ticker everyone on the trading desk is talking about is xiv, that's the vix backwards, an etf short volatility. it plunged 85% after trading yesterday. leslie picker has more on the me meltdown >> that's the only way you can december skscribe it. after-hours trading an obscure exchange traded note used to bet against volatility came tumblingitumbling i down, crashing 85% it's called xiv and held largely by creditsuisse. its p in the after market, xiv continually traded well below that a source told me last night that credit suisse was still deciding whether to call the etn. the sourc

the dow plunges more than 650 points. f the biggest point declines for the blue chip index ever. >>> inflation threat. b jobs ang created, wages are growing. but good news on main street is bad news on wall street. >>> rising rates. as yieldsupo , how should you in st? our market monitor has some advice. those stories and more tonight on "nightly business report" for friday, february 2nd. >>> good evening, everyone, and welcome. sit back, relax, enjoy the flight. beca de the's turbulence is over, at least for now. and what a day it was. for t first timn a very long time,tocks hit some serious air pockets. t was, to be blunt, the worst selloff in years, fueled by concerns about rising interest rates and some nitpicking about selected corporate profit reports. the dow jones industrial average plunged 665 points to 25,520 or about 2.5%. the nasdaq dropped 145. and the s&p 500 dipped 59. all 30 of the dow components were lower. a day of rumrs. and of all the 500 stocks in the s&p 500, only a handful were in the green and high

take a look at the dow jones industrial average, s&p, and dow, both on track right now to see their biggest losses in one week in two years. joining me on set "bullseye brief" author and publisher, along with "wall street journal" chief economics correspondent jon hilsenrath. jon, we have not been raising rates at all like in forever. so i understand that this is of some concern to some investors but in a normal environments you do have rate increases and what i'm hopeful for here is, we're getting back to normal, and there is an opportunity for growth. 5.4% predicted from the atlanta fed. okay, so maybe the fed raises but, can't we handle that? >> well, i mean, it's interesting because the market has been handling it. you know the fed started raising rates in december of 2015. they haven't done it a lot, but they have been pushing up rates. i think there is a lot of things that are bothering the bond market right now. you know, one is the idea that the fed will be raising interest rates more aggressively. the other is that the bond market is sniffing out some signs of inflation. we saw it

>> the international markets reflecting what's in the dow. now the dow is setting the stage again.atching u.s. sfoks and fundamentals again. we're resetting. if you see the dow close higher today which could happen -- god knows what's going to happen today. >> we're ten minutes in. >> the european markets overnight and the asian markets all i think hit their 10% correction. so everyone has had that correction. in wall street they call it the pause that refreshes. maybe that's what it is. >> the old saying, when we sneeze, the rest of the world catches a cold. >> so many wall street sayings. >> the trend is your friend. don't try to catch a falling friend. >> we'll have more in the next hour. thank you all. >>> north and south korea may be cooperating at the olympic games. vice president pence, however, is not letting that stop him from putting pressure on the rogue regime. when people ask me for whiter teeth, i always tell them the thicker the enamel, the more white you're going to have. i would definitely recommend pronamel strong and bright to my patients. pronamel strong and bri

the dow finishing down 19. oat rockeday the some more. >> we are talking about a nasty stretch here. >> we are belowtu day's intraday low. >> reporter: finishing down more than 1,000points, for the second time in a week. the wild ride continuing today. down more than 1%, then finishing up 1.4%. >> thiis going to go down in the history books. >> reporter: this week, the dow, the nasd s, and the all hit correction levels. the fifth correction for the s&p 500 since the bull market began in 2009. and ehn w the wild moves, it's actually the leastevere of the five. after two years of unusual calm, investors are nowondering how more than half of last year's big market gains got wiped out. some are pointing at the fed, with interest rate hikes and fears that bonds with improving returns will take money out of the stock market. >> i think that the low rate, low volatility environment is probably over. >>clearly,ates are rising. th tightening policy. and tha has to have an effect on equity markets. but it's not the end o

triple digits on the dow side.28 points nasdaq off 74 points the s&p 500 looking to open down as well, off about 23 points same story in europe we'll show you that screen real quick and we'll show you what's going on in treasuries right now. you're looking at the dax, cac, ftse 100, italian ftse and what's going on in spain down 1%, some cases 1.5%. treasuries real quick, flip that screen around now, 2.830 is the yield. a big hour ahead on "squawk box" as we try to understand what is going on and how the selloff may be manifesting itself. we're going to talk market strategy right after the break. >>> plus, it is jay powell's first day at work. he's got a tough first day he'll be sworn in. a rundown. what you expect for the powell a wh it could mean for the markets. stay tuned you're watching squawks right here on cnbc or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain

the dow and s&p are now both in correction territory. that means they are down more than 10% from their peak. and the nasdaq virtually there, of a 9.7%. babb pisani has more on the day's act. >> reporter: it wa another wild day, the kind of day where the market appears to be changing by the minute. the dow plumtded me than 000 points and ended at session lows. once again in correction territory, down 10%. what is going ri? thenal trigger behind the selloff was friday's jobs report. higher wage growth led to a spike in bond yields. he stock market. that makes some sense. but since then there has been an x factor, this slew of trading strategies, short volatility,ra long stocks that's been unwinding. this selling that we are seeing this week, this massive selling, that's deleveraging, unwinding of those trades. for nowp in of the selling appears to be professional traders. if volatility continues, there will beor outf from retail investigators, those who pouredl $70on into exchange traded funds in january. their likely to get a little for

dow closed up 330.hey likely to go up the economy, how well is it doing? what lies ahead. joining us now, larry kudlow, our cnbc senior contributor. joe, chief economist at aris mus. joe, let me start with you what do you think has changed in terms of what the market is thinking about inflation and growth right now >> you've got the end of easy money. we're ending one era and moving into another faster growth, rates are going to go up real interest rates are going to reset higher we'll test 3% very quickly and likely to end the year above that i think this is a natural outgrowth of long-term secular trends and we have yet to see the impact of a tax cut, which will start showing up in 60 to 90 days. then we'll be talking about much faster rarity of growth. >> greg, do you agree, this has been a significant inflexion point? does it go back to the 2.9% wage number and the jobs report last friday >> no, i don't think it's an inflexion point. i agree the deflation period has largely dissipated look, you do n

we ended plat on the dow yesterday. the nasdaq down nearly 1%.ntraday, we were as high as 381 points on the dow, so still had that intraday volatility treasuries for you, yields rose markedly, close to that 2.85% high we got late last week 2.83%. >>> gold prices down again today hitting a four-week low on a firmer dollar. expectations of more rate hikes this year continues to weigh on the market with us now is george millings stanley. good to see you. despite the tupull back in stoc and rising volatility, we did not see buying why do you think that is >> investors are facing margin calls, rather than sell out of stocks at depressed prices, they're turning to the safe haven asset, the thing that is useful when other things come down we've seen this every time there's been a significant drop in stocks in the 40-odd years i've been in the business, you tend to see for the first few days, sometimes a week or so, weaker gold prices because people are selling to meet margin calls gold does its job, so people will buy it back i don't expect the current

the dow was up 548 points.ow on pace for the best two-day gain in the dow since august 2015 and june 2016 for the s&p. the dow joins industrial is higher by 520 points s&p 500 above 2665, and the nasdaq higher by almost 2% energy and tech are your sector leaders, up by 2%. real estate the only sector in the red. we know interest rate sensitive. your dow leaders, boeing apple, american express, and sisco. >> the oil market set to close for the day. let's find out how it traded with jackie d. >> hey, brian. it's interesting because you can see that crude prices gave back some of the gains too. close to $61 a barrel. now under that $60 mark. this is after we slipped the to correction territory last week the surge in equities today led crude higher as investors are starting to rethink the most recent pause equity volatility will drive crude prices today, we heard from opec as well production down slightly, but still over 32 million a day. nonopec supply revised higher. that's u.s. shale. it's not a surprise. the ei

dow right now.st flat without wal-mart, there you go. we have paired some of the losses in the first six minutes wall street journal reporting that albertson's plans to buy the rest of rite aid that isn't being sold to walgreens. mike, the amazon effect, is this just amazon getting into another part of economy mike: for sure. full disclosure, we own rite aid, indicating a lot higher early this morning. not much going on now. albertson does this for a couple of reason, they want to go public. they were taken private equity, they wanting to public so this will help. you look at this entire space, they haven't performed well as the markets rallied in the last year, the entire drugstore chain space is trading down by about 11%. so they need to look out with the tax cuts that are out there, take a strong balance sheet, acquire some of the competition so you can ultimately try to compete with amazon. ashley: makes sense, all right, mike, quick check on the big board for you, don't forget about bitcoin as

at the low, the dow was down 1,597. these types of sell-offs in the middle of them, of course, can be unsettling. many of the pros we've spoken to insists that it's healthy. listen. >> stocks grinding higher for a long period of time and sharp steep sell offs that flush out nervous money, traders and people that maybe got in a little bit late and then you find the support level and the rally continues. that's what we'll see this time. >> we will see and to that point, it has been quite a while since we've seen anything like this. in fact, the dow had not pulled back by more than 5% off of a high in more than 400 trading sessions. well, it has now and stocks were going down. interest rates were going up. that led some to at least started talking about fears of inflation. once again, listen to this. >> i think i the market can handle rates going higher gradually. but it will get nervous if rates spike higher. >> so finally neil, for some perspective on this, maybe on a day like this that's what we need, take a look at wha

right now, the dow is down about a 1185 points, hovering around 24350. we'll keep an eye on this throughout the newscast and throughout the day. >>> more than 50,000 soldiers in south korea are preparing for every possible terrorist scenario days before the winter olympics get underway. they conducted drills, including shooting a drone into the sky. one of the biggest concerns is north korea, which is just 50 miles away from the olympic games in pyeongchang. the north's decision to send a large delegation to the games is thought to reduce the chances it will disrupt the event with a missile launch. the games officially start on friday. >>> lots of celebrating there. the philadelphia eagles are still basking in the glow of their first super bowl win in franchise history. they pulled off the upset to beat the patriots, 41-33 in super bowl lii. eagles backup quarterback nick foles held the super bowl mvp award this morning after leading his team to victory. >> it wasn't necessarily me. it was everyone around me that did an amazing job. >> the win over the n

dow is down 321 points s&p down 26.ive utilities and real estate sectors, however, are both positive. it seems investors are moving tas these so-called safe havens asreury rates come off their highs of the day more "squawk alley" after this , you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week. (malo hutson) growth is good, but when it starts impacting our quality of air and quality of life, that's a problem. so forward-thinking cities like sacramento are investing in streets that are smarter and greener. the solution was right under our feet. asphalt. or to be more precise, intelligent asphalt. by embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter. who knew asphalt could help save the environment? ♪ at holiday inn express, we can't guarantee that yo

the dow off by nearly 500 points. but then things did turn around in the final hours of trading and we managed a triple digit gain. he single trading day saw a point swing of 500 points on the dow. in the end the dow had its worst week in two years. investors will keep a close watch object things and we'll see how it goes. maria: bcg partners reporting revenue up 18% and given volatility has returned to wall street those numbers may go higher next summer. howard lutnick says volatility can be good. howard lutnick: we don't make money when the market goes up, and we don't lose when it goes down. the company loves volatility. the numbers for the company are just beautiful. maria: there is just no volatility. first talk to us about the quarter and the year you just saw. you reported great earnings. i want to get your take on what you just saw and then talk about the volatility story. let report analysts were expecting 29 cents a share and we averaged 39 cents a share. the revenues 15%. profits up 22% per share. first cla

the dow down 261 points.ll a 1% decline we were down 323 or thereabouts at the lows. >> see if the nasdaq can go back positive >> i sort of agree with peter, i'm want sure we'll get a late push this afternoon. famous last words. down 335 at the low there. i stand corrected. >> a lot has happened in the last 30 minutes. as stocks are near session lows, let's get back tole seema modi on the floor with a little more information. >> technicals are a discussion, the s&p 500 taking out 50-day moving average of 2726 traders saying 2705 is the next level to watch overall, pretty uneventful but the dow was down more than 335 points at the low. you do have a stronger dollar. that is something traders are talking about here higher yields, above 2.9% as we saw the treasury auction come to fruition a four-year high on the ten-year gold dropping about 24 points, or 1.8%. on the s&p 500 it's those rate-sensitive sectors that pay dividends like telecoms and the worst sector is consumer staples led by walmart earnings could b

2016 the dow gained 5.8%.he s&p up 5.6 the nasdaq posted its best month since october, gaining 7%. we did see differentiation in performance. volatility was back. the top ten stocks in the s&p were up more than 20%. the bottom ten stocks were down more than 10%. so, big divergence in performance. the net effect up 5.6% >>> 8 out of 11 sectors were positive for january consumer discretionary led the way higher, up more than 9%. utilities down 3%. the dollar is a massive story. the index posting its worst month since march of 2016. down over 3% three months in a row of declines this morning also starting lower. >> it's ban peen a positive stat for global stocks. the shanghai closing down by 1%. hang seng closing lower by 0.75%. the nikkei closing higher by 1.7% look at early trade in europe. eurozone final january manufacturing pmi came in in line with expectations at 59.6 you can see stocks mostly higher in europe with the exception of the ftse 100 which is basically flat on the day. dax higher by 0.2% >>> chec

take a look at the dow.e 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 inflation at the same time? and will the fed be mor

the dow is up 40%.mployment is down by 1%, gdp is up by 1%, markets don't go up forever, markets go up, markets go down. the pullback yesterday quite frankly we expected that there would be a day like yesterday, we'd have retrenchment. stuart: would you like to see more human beings in control of the market as opposed to algorithm on a computer? >> yeah, i think -- look, the thing that looks most different this morning is the amount of media here on the stock exchange floor. and the reason why the media comes here and the eyes of the world look here are because we have humans. it's a blend of humans and technology that help find the right opening price, and quite frankly, that's why we have the calm opening this morning. we don't have a dystopian world view that we rely on computer to run the global financial market. stuart: it was calm that the market functioned in orderly fashion, it was anything bibut calm in terms of prices, we had a 900 point swing. any comment on that? >> i'm glad you brought up t

look at the live numbers of the dow on wall street right now. the dow is off about 1/3%. concentrate on the percentage. that's what's important. on the top, you saw a drop at the open, then some big buying, then some more selling, then a little bit of buying, then a little bit of selling. that's how you start to get to the end of this thing. see little moves, not big moves. we'll keep an eye on that throughout the course of the day. >>> there is new revelations in the russia investigation. president trump's legal team is attempting to prevent a formal sit-down between the president and essential counsel robert mueller, as first reported by nbc news. according to people familiar with the matter who spoke to the "new york times." according to the "times," quote, the lawyers are concerned that the president, who has a history of making false statements and contradicting himself, could be charged with lying to investigators. speaking to nbc news, ty cobb said, the professional and active discussions between the osc, office of special counsel, and the president's personal lawy

i told but the dow. s&p 500 clean 100 points, just lopped off the s&p but the nasdaq, that just got crushed, down 274 points. that is 4% chop for the nasdaq. david, i know you love to talk about gold, i worked with you all those years, you love to talk about gold, barely a blip in the heartbeat. david: i know. >> not even six buck as troy ounce. kind of trade last 14 minutes of trade. david: makes you hopeful we may get through this if there was that much rush it safety i would think you would see gold higher. we've seen it down for the most part last couple days if anything. liz, great stuff all day. thank you very much. what this market could use right now, melissa and i agree on this, spot of economic growth stimulated by tax cuts, that house ways and means committee chairman kevin brady was speaking. take a listen. >> the stronger our economy becomes, more normalized our fed policy becomes, stronger we are long term. tax reform created a new sense of optimism and a lot more investment here in the u.s

you can't really focus on the dow.t's not going to give you a good indiction let's focus more on the s&p. if we can get that to the positive side, that would be a good sign for tomorrow >> we have to focus on the vix as well, which is now all the way back to 35 >> good luck with that you had ample opportunity to buy the vix when it was below 10 it was there forever we kept saying look at the vix, then it spiked everyone chased the same trade that's what happens when you see that everyone is going for the same exit, you get a market moving event. >> guys, i'm reminded most market breaks in the past have not been economically based. the crash of '87 was not the flash crash certainly was not. yesterday was not either this was a market mechanism. this was, you know, people standing near the exits as those leveraged volatility traders were trying to cover positions as the market got away from them, right? >> you know, we blamed it on rates. that was friday's move so the rates really haven't done anything but come in so the

the dow plunges 1,600 pointsay mi its biggest intraday decline ever. selling was arp, it was fast, and intense. >> tonight, we'll look at why, what might happen next, and what u, the investor, need to know to keep your money safe. "nightly business report" for monday, february 5th, gins now. good evening, everyo, and welcome. a dramatic day on wall street. the dow marked itsorst one-day point plunge ever, both at the close and adin. at one point during the trading session, the blue chip index dropped hundred of points in minutes, falling nearly 1,600 ints. yelling could be heard on the trading floor. anxiety was high. volume was heavy. the gainshe for year now gain. the s&p 500 has lost more than on trill in market cap in february, and ity the third day of trading of the month. here's how the major indexes closed today.e dow jones industrial average dropped 1,175 points or 4.6%, t. 24,3 the nasdaq was off 273. that's a 3.8% dip. and the s&p 500 fell 113 points, or 4.1%. bob pisani reports tonightro the new york sto exchange. this was a roller coaster r

about a percent for the dow and s&p.n about 0.4% for the nasdaq let's look at the ten-year treasury note. yields rose more significantly at the start of the week and pulled back later in the week. last friday's close was 2.87 we were up 2.9% on the ten-year. just slipped below that level again. 2.897% on the ten-year asian equities a negative week for the whole of asiantrade apart from china, which has played catch up to the upside having been closed all of last week ending on a decent note this friday, up the better part of a percent in asia. european trade is mixed. ftse is low, germany flat, france is higher overall we're looking -- we were flat, we're now negative but not too much down 0.2%. broader markets for you. oil prices up 2% for the week coming into today giving a bit of that up today about a half percent or so 62.5 is the price of wti dollar board for you, which was lower yesterday, but for the week has been positive up 0.8%. today essentially flat a bit of weakness against the pound. strength against the eu

with the dow trading the way they are, we're looking at possibly a 300 point open for the dow on the upside at least if things stay the way they are right now. s&p up by 32 points nasdaq indicating an open around 75, 76 points as well a lot has been driven off interest rates those worries with what's happening with u.s. government bonds. so, let's take a look at those yields for right now, we're seeing a move higher slightly in the ten-year treasury note yield. 2.88%. almost 2.9%, the last trade there. that reassumption, contessa, on the upside for this morning's trade. we'll see if that has any kind of effect on whether or not people have that risk tolerance if it stops. >> we've also seen bounceback in asian equities as well hang seng down a little more than .115% kospi was up as well, almost a full percentage point. japanese markets were closed for a holiday. and in european equities right now, we're seeing green across the boards the dax, the cac, ftse, all in positive territory and imf director christine lagarde said the sharp market swings over the past couple of weeks have act

dow jones looks to open higher by 12 points the dow and nasdaq set to break ten month winning streaksyesterday the dow saw the best day in more than six weeks look at the story in the commodity market with oil trading slightly lower by 0.3% for wti crude. $63.73 >>> let's check in on what's happening outside of the world of business. francis rivera is in new york with the latest for it's >> good morning to you nfl commissioner roger goodell is looking to rekoocoup millionn legal fees from jerry jones for jones alleged efforts to derail goodell's contract negotiation goodell could issue the punishment in the coming weeks spokesperson for the cowboys and nfl declined to comment. >>> hope hicks is expected to appear before the house intelligence committee today she was scheduled to appear last month but that interview was delayed while both sides worked out what types of questions she could and could not answer. >>> the tsa today will start testing new suicide vest detection technology at new york city's penn station. so back on over to you >> thank you so much >>> still ahead on "worldw

after the dow's biggest one-point drop in history, today the dow gaining back 569 on the bell, closingy of 25,000 we first punched through 25k a couple trading days into the year today a little rebound better than 2% for the dow and the nasdaq today the s&p 500 up 1.75% to close at 2695 the nasdaq level 7115. the russell 2000 is lagging with the 1% gain, still puts them back above 1500. take a look at the volatility index. today the vix dropping but still at a high level. flirting around the 30 mark there and we'll continue to keep an eye on it and talk about the fallout that's had on so many different volatility products and on the markets themselves. we also have earnings. it's a big hour and julia boorstin is covering disney earnings and sitting down with carl icahn we'll see you in a couple minutes. we also have our market reporters at the ready to recap today. bertha coombs and bob pisani let's walk through today's big rally which look the like it might be another selloff with dom chu. >> i remember being on with becky quick and andrew ross sorkin on "squawk box" and he with were