and marc faber is making moves.ne thing he's buying right now hand his thoughts on whether we're still heading for an '87-like crash. much more "fast money" from hollywood, florida right after this. >> welcome back to "fast money." we're large from the world's largest etf conference right here in hollywood, florida, and cnbc's bob pisani is back with the key takeaways from the conference. jeff gundlach was bun of the highlights. >> or lowlights. >> never seen him so bearish. jeff spent the first half of his presentation railing against the fed rate hikes. >> i don't think it's any surprise that markets around the world have been collapsing in the aftermath of the fed raising interest rates because they continue to idiotically say we're going to raise rates eight times by the end of 2016. the fed has to dial this rhetoric back or the markets will humiliate them by further declining. >> profit margins fat, oil can't rally and manufacturing going down. he was very bullish on india. elsewhere bill mcnabb the ceo of vang

neither is marc faber. we'll react to those comments and debate the professor, next. >>> dozens of people were killed in northwest libya when a truck bomb exploded, it detonated as recruits were gathering. former aig ceo maurice "hank" greenberg has donated $10 million to right to rise. that's the superpac backing jeb bush. according to "the wall street journal," that donation makes greenberg one of the largest contributors to the november election. >>> the federal government releasing its latest dietary guidelines, and for the first time, suggesting americans limit the amount of daily sugar, which is about 12 teaspoons full for a 2,000 calorie diet. it advised people to cut back on salt and saturated fat, but not necessarily cholesterol. >>> the denver broncos announcing that peyton manning will start in the playoffs. he took over for brock osweiler last sunday and led the broncos to their division-clinching win. it was his first game back since injuring his foot in november. and that is the cnbc news upda

marc faber, publisher of gloom, boom & doom report.uick check of the markets yet again. shocked, shocked losses for u.s. equities, which really comes on the heels of global selloff. dow jones industrial average off by 329 point. 12 stocks lower for every one that is higher on the new york stock exchange. in terms of history groups -- industry groups, all 10 groups are lower. industry groups by 24 within the s&p 500, same story. all 24 groups are lower. and that includes food and staples, off by 0.02 percent. no industry group within the s&p 500 is positive. food and staples and media holding up slightly better. groundo sector losing fastest. ♪ scarlet: breaking news. we are keeping an i on the markets right now. some left in u.s. equities not sincerely -- selloff in u.s. equities not necessarily intensifying but this is the intraday chart of the s&p 500 and nasdaq and we have bounced off our lows which took place about 20 minutes ago. but these are deep losses and pretty broad as well. groupsand 24 industry are lower as well. when you

wow, mark faber.es has a different view on this chief investment strategist is jeff saut. what do you think what mark was saying? >> he is very smart guy. he has been pretty negative on stocks for the past six or seven years. neil: yeah. >> he make as good point with the fang stocks. reminds me very much i got in this business. nifty 50 stocks, one decision stocks you would never buy and never sell. that ended poorly in '73 and '74. neil: he says we're married to the latest names. amazon and google are latest of the nifty type darlings. >> that is exactly my point. the counterpoint to that however is that if you look at the lowry's operating company only universe of stocks, that takes out closed end funds and a lot of etfs, 47% of that research universe was down 20% or more last year. so you could make the case a lot of equities have already been through a bear market. neil: normally, i don't know historically it is always true when the indians are sort of tumbling matter of time before the chiefs cat

great plot. >> everyone said david faber was the star. >> i think i carried t sure.hat minute carried the whole thing. took years of training to play myse myself. >> i was in "big short" for three seconds. >> your best was "iron man." >> i got a hat from iron man. everyone else got $50,000. i thought it would be a bomb. >> you should still be getting checks about that. >> this is about billions, you were fabulous. if you could stand up to hedge fund managers the way you did then -- >> i do. >> yes. that's exactly what you do. >>> when we come back, an unhappy holiday for tiffany and macy's ceo terry lundgren. look at the premarket. big earnings week stuffed into four trading sessions. some 30 s&p names and seven dow components. more "squawk on the street" in a minute. ♪ light piano today i saw a giant. it had no arms, but it welcomed me. (crow cawing) it had no heart, but it was alive. (train wheels on tracks) it had no mouth, but it spoke to me. it said, "rocky mountaineer: all aboard amazing". >>> tiffany shares down in the premarket. the luxury retailer saying hol

neil: on the marc faber point. this was written for marc faber. do you know how much market value was wiped out this week? just take a guess. 1.$6 trillion. [laughter] -- $1.6 trillion. horrible. nothing like my scottish accent. -- it is. we have the big debate you might have heard once or twice. fox business kicks things off with the first republican presidential debate next week. we're getting there a little earlier because we'll be covering the president's state of the union address tuesday night. i know what you're saying. neil, how can you do that and everything else? well, that's what i do. we'll have more after this because i want to alert you to the fact that crowds are already building in anticipation of both events. let's go live right now to these seals off the coast of los angeles. we got to tell you, before i'm told, there they are. there is the bigger crowd. we provide ad few monitors for these guys. but you know, you want to save your place, your favorite chair, you want to be there. we'll seal the deal next week you pay your car in

faber arrested not for the murder but stealing and reselling hay from the property. then they uncover the operation. and then to have any informations regarding that case called the crime stoppers. >> check out this video of the head coach. who would head but the referee now is on administrative leave. >> that looks like get her. >> we have been spending a idol". with the behind-the-scenes of her music video. it will be available now on itunes. check it out. >> she is still having a hard time. >> to a moderate $50,000. another case of people having to advocate for >> could he gore is a woman wow. the internet is crazy fast here. i know, right? it's so nice to have everyone over. hi hey. mmm. i just laid an egg. does anybody want it? joey, you want some gasoline? yes, please. mom, guess what? i married a clown and we're having tiny little clown babies. mhm. i just bought a hammer. with internet fast enough for everyone, your guests might get a bit carried away. get out of the past. when i lay in my tempur pedic contour then i slowly feel it start to kind of wrap itsel

faber arrested not for the murder but stealing and reselling hay from the property. then they uncover the operation. and then to have any informations regarding that case called the crime stoppers. >> check out this video of the head coach. who would head but the referee now is on administrative leave. >> that looks like get her. >> we have been spending a lot of time with "american idol". with the behind-the-scenes of her music video. it will be available now on itunes. check it out. >> she is still having a hard time. >> to a moderate $50,000. another case of people having to advocate for themselves. ok, so the government crashed-tested the f-150. the one with the high-strength military-grade, aluminum-alloy body bolted to a high-strength steel frame. and guess what? it made the strongest statement any truck can make. it pulled a 5-star safety rating... on all sides... for every cab configuration. 'cuz when they say military-grade, they mean: "battle tested." this is the ford f-150. and every other truck is history. you are in new york "chasing" the story about dis

is mark faber right? will a weaker yuan help the chinese economy? >> to an extent, yes. can look at japan recently where we had a depreciation of the yen. i don't think a weaker yuan will be the panacea that people expect. i think it will become a more important policy during this year. it's not the only thing that will stabilize the economy. >> how much further coated fall? -- it fall? they lower the reference rate today to a lower than anticipated rate. what is the thinking now? >> i think we will go further and if you look at the happy between the onshore and offshore , that is interesting because back in august, they said we want to have a more market-oriented exchange rate. but there is a huge rate that does not suggested they are there because the offshore rate, the yuan is much weaker than the onshore rate which does not make sense. that suggests something is wrong in the policy side of things. arabia-iran and throw in north korea, how are you reading geopolitics? is it something that traditionally investors can ignore and focus on other things? worryally they sta

not just susie faber hamilton, we have a full area of mental health experts you can talk to.e back with more from the health & fitness expo. >> stronger body, stronger minds, that's what it's all about. >> absolutely. >> from books to yoga, the expo is open until 5:00 tonight. let's take a live look right now. want to remind you that everything will re-open tomorrow from 9:00 a.m. to 4:00 p.m. it's wrapping up just in time for the redskins game. it's going to be a big day. we are just less than half an hour away -- or an hour away from cardio strength training hitting the stage. there's also a bali woodworkout. >> these folks are in the middle of a meditation session here. >> all right. we need that. >> we'll check back in with them. >> we're getting a better idea of how adding tolls on i-66 will have an impact on traffic. the places expected to have an easier or tougher commute in the near future. >> the redskins hosting the packers tomorrow. finding tickets is not going to be too easy. but the surprise one guy got when he showed is up at the team's door step and dropped a n

david faber and i were talking this morning on "squawk on the street" when we were doing our mad dash. no company we know of is jubilant about this price decline. no can be is saying, like i just said about my inn and my restaurant, a huge windfall object ton the bottom line. i'm thrilled. most companies won't acknowledge the positives, except for the airlines and the cruise ship companies, i don't care a good word from any executive how they are licking their chops over lower fuel costs. it is almost eery about how much it is down played. retailers and restaurants say they aren't seeing any pick up in spending or not one they are willing to admit to. the whole price of decline is impacting only amazon positively. maybe people are hoarding the additional doll rsars and savin them. i haven't heard a restaurant say one word about how it is booming, because the consumer has more money. i haven't heard any retailer credit gasoline with higher sales. they are more than offsetting anything good that comes from the collapse of oil. they reported after the close that china is good. that resta

dade faber is back at post nine with that. david. >> thanks very much, carl. that's right. "the boston globe" ge is prepared to announce that it's moving its corporate headquarters from fairfield, connecticut, to the city of boston in massachusetts. this according to a source familiar with the situation, quoted by "the boston globe" saying an announcement could come as soon as tomorrow. it was last september that we sat right here on this set with jeff immelt, the chairman and ceo of ge, and i asked him what the company would be looking for if it were to move to a new headquarters in a new city. >> listen, i think we're a high-tech exporter. we want to be looking forward in a place that's going to be supportive of where the company is going. we want to be someplace where people support job creation, where it's attractive to talent, good cost of living, and then it's very supportive in terms of what a high-tech exporter has to be all about. >> it was last june that ge first raised the possibility of moving its headquarters. that after an increase in business taxes by the sta

but david faber is not your typical reporter. he's a rare breed who's owned the merger and acquisitions beat for several decades now. i'm proud to call him my partner. performers repeat in 2016? let's start with netflix and amazonl the "a" and the "n" in f.a.n.g. which includes facebook. formerly google which ruined my acronym with the coolio name change. first, net flex and amazon don't play the same rules as any other company. netflix didn't rally last year because of the fabulous earnings. amazon didn't advance because it got recognized for the glory. no, they're momentum. meaning they represents shifts in the fast growing revenues and there's a whole cohort of money managers who believe if you buy those with hyper sales growth not earnings you'll end up with winners. most of the series professionals that come on our air haven't and that tries to isolate the value. the analysts search for stocks that are cheap versus the fundamentals. these two stocks are anything but cheap. so why have i championed netflix and amazon for so l

thank you very much, david faber. get to the cme group and go to rick santelli and get the santelli exchange. i can't tell you how many white papers and various essays i get like the one i'm holding in my happened today. s.e.c. proposed new derifftive rules for registered funds. if you really start reading all this, a couple of things jump out at you that you need to understand. a lot of the rules that govern some of the sbc registered investment companies go way back. you have securities acts of 33 and 34. more importantly, as this one references, the 1940 investment company act, investment advisors act. all of these things are obviously pretty -- oh, and times are changing. fast forward. over the last two or three weeks, how many times have you heard the reasons behind some of the crazy market moves that have been margin calls. okay. now, let's put all that together. the s.e.c. and the fed, of course, after the crisis have a very complicated world of derivatives to answer to. one of the very foundations of certain t

time warner, there's a lot of activist chatter, david faber reporting on that.ime warner shares riding a six-day winning streak. maybe short-covering part of the story. perhaps fundamental buying. on the flip side, just to balance things out there are some names that are riding some notable down trends. general motors on the carmaker's side. apache, also alcoa having real sharp moves to the down side. they are riding serious losing streaks. those may continue, carl, if we do see any kind of weakness in the economy and overall with the china situation. >> dom, thank you very much. >>> let's hop over to the cme and get the santelli exchange. good morning, rick. >> good morning, carl. art cashin today mentioned some things we've been doing with currencies. i want to tip my hat to art, he's right. he, like many investors, traders on the floor are gravitating to the notion of catalysts, the fed, connecting the dots, not fed dots but market dots as to when markets turn, when they change, when they start to move quickly, when the end startedyeo move quickly and the yua

especially after this picture of boykin bending over to talking -- to talk to cyclone kid captain abby faber when tcu came to ames back in october. an iowa lawmaker says he plans money. an iowa senate bill failed to pass the house. house representative jake highfill from polk county says he hopes to rework that bill to get more support. that includes setting an age limit, setting regulations and tax provisions. however, jasper representative dan kelley says he opposes the move. he compares fantasy gaming to regular gambling. the powerball jackpot has grown to the 12th largest in its history. there was no winner in saturday's drawing -- last night's drawing, so saturday's drawing will be for at least a $205 million prize. the largest powerball jackpot was $590 million. that was won back in may of 2013. another live look on board the uss iowa. , sports director andy garman and scott reister with the teams preparations with less than a day to go before kick off. snow and ice finally on the ground here in central iowa. >> this is iowa's news leader. this is kcci 8 news at 6:00 with steve karlin,

cyclone fans remember boykin talking to cyclone kid captain abby faber when tcu came to ames back in october. a massive breach of voter information. security researchers have discovered a massive data file file containing personal information on 191 million voters left unsecured online. the information includes voters' names, addresses, political affiliations and voting history since the year 2000. this affects nearly everyone registered to vote in the united states. >> you are at risk in terms of i don't think proper security protocols are in place and i think really everybody has a role in it. rose: -- stacey: it's not clear who built the database, but typically voter information must be obtained from each state. the new york times reports that as of wednesday night, the database was no longer accessible online. in commitment 2016 news tonight, two top aides have stepped down from ben carson's campaign. campaign manager barry bennett and communications director doug watts stepped down this morning. bennett says he left because of mounting frustration that carson was listening more

tuesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david fabert the new york stock exchange. futures with some bounce this morning as we get alcoa earnings under our belt. a few upgrades including apple, decent guidance on consumer names. europe in the green, germany up 2% or more. oil is the spoiler, some new forecasts predict more gloom ahead. we begin with apple poised to open back above 100 after this upgrade at b of a and elon musk once again saying apple is working on a car. >> starbucks is expanding in china looking to open more than 500 stores despite what is a slowdown in the second largest economy in the world. >>> and lulu getting a boost after strong holiday sales. company raising guidance and they're not the only ones. first up keeping an eye on the explosion in turkey. a bombing in istanbul killing at least 10 people and wounding 15 other. the turkish deputy prime minister says the bomber was a 28-year-old syrian national. we'll stay on top of that developing story. richard engel has been on our air all morning long. >>> futures are

welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faber.e set the table on a busy week, earnings season unofficially kicking off. alcoa tonight, futures with a modest gain after the dow loses 1100 points last week. europe's hanging on to gains at the open despite shanghai down 5%. inflation data not good, mostly in line. oil is a big talker today, down for the sixth day in a row. our road map begins with china's big drop impacting markets around the world. we'll dig in on what to expect next. >> and another big pharmaceutical deal, shire acquiring baxalta. >>> could some of macy's massive real estate portfolio be up for grabs. starboard making a push. futures are higher following a week in which the s&p lost $1 trillion in market value. the rise this morning coming despite a 5% drop in china overnight. oil prices continue to decline. morgan stanley saying it sees a way for brent to fall to 20. the nasdaq also kicking off the year with a one-week drop of 7%. the dow and s&p each down 6%. jim, a lot of calls today, jpmorgan saying exactly wha

i'm david faber along with jim cramer. carl quintanilla is off this week. you can see we're looking down right now. european markets, well, they're not helping. if you take a look at this point, we're down across the board there. all less than 1%. as for that ten-year note yield which, of course, crossed below the 2% note yield last week during a tumultuous week, we're a bit above that right now. and there, of course, is the all important commodity known as crude oil. 31 down another 3.7%. let's get to our roadmap this morning. it does start with major inversion. johnson controls and tyco getting together, moving to ireland, or that is johnson controls is moving there. we'll get a progress report on the ceo's turnaround plan that seems to be in full force. twitter's losing four high-level executives. we're going to look at jack dorsey's game plan. we're looking at a lot of game plans. we've got a lot of football on our mind. bill belichick's game plan didn't work that well. the guy miss as point for the first time in ten years. >> that was shocking. >> cong

to david faber who broke the story with the latest. >> greg fleming is out of the man who ran wealth management. a very important part of the business, grown with the acquisition a number of years back. fleming has been at the company for the last six years. he was the senior executive. people may remember merrill lynch helping at the very end of the firm's tenure to engineer its sale to bank of america. unclear where fleming is headed. the reason he is headed out, however, is because colm kellerher, president at morgan stanley and the ceo has been promoted. he is now going to be the president of the entire company, reporting in of course to continued chairman and ceo james gorman. and given the respect of ages of the two gentlemen, it does appear that mr. kel her is not a potential hare to the ceo job. given that he is older than mr. gorman, the expectation that i have spoken to since the news was shared internally about an hour ago, is that there gorman will remain in the job for some time to come. perhaps until mandatory retirement which i believe it 65 so he has years to come. th

welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. december jobs goes out with a bang, adding 292,000, positive revisions. futures on the upswing after the worst ever start to the year. europe holding in after that tense session in china shanghai closing up 2% as reports say the government did come in to buy. watch bonds today and oil. our road map begins with the better than expected jobs number, 292 added in december. will stocks reverse the ugliest start of the year ever? >> plus more negative headlines on apple suppliers, reporting disappointing results and lower forecasts for the first quarter. >>> and struggles at gap continue, sales fall in december. aside from the better than expected december numbers, november and october payrolls were revised upward. for all of '15, average job growth was 221, lower than the 260 in 2014, but marks the second best job creation year since 1999. hourly earnings fell slightly, which is -- once again, guys, the conundrum here. why is this not budging? >> too many people looking fo

from this season from this photo, talking to cyclone kid captain abby faber when tcu came to ames back in october. shaina: a massive breach of voter information. security researchers have discovered a massive data file containing personal information on 191 million voters left unsecured online. the information includes voters' names, addresses, political affiliations and voting history since the year 2000. this affects nearly everyone registered to vote in the united states. >> yes you are at risk in terms , of disclosing information. i don't think proper security protocols are in place and i think really everybody has a role in it. shaina: it is still not clear who built the database, but typically voter information must be obtained from each state. "the new york times" reports that as of wednesday night, the database was no longer accessible online. alyx: in commitment 2016 this morning, two top aides have stepped down from ben carson's campaign manager barry bennett and communications director doug watts stepped down this morning. bennett says he left because of mounting frustration

. >>> plus, suddenly end of the worlder like mark faber and peter schiff are starting to sound like hedgeund legend ray delion and it has traders flat-out bugging. and we'll explain why when "fast money" returns. >>> welcome back to "fast money." brutal day for the markets. and get this, some of the most well-known investors on the street are sounding at alarm on the fed's next move. the founder of the warld's largest hedge fund ray dalio saying the fed will not move toward tightening, but instead more q.e., echoing peter schiff. see what he said today from dav os and then what peter schiff has said. >> i think the shifts are asymmetric on the downside. i think the next major move in fed will be toward quantitative easing not toward tightening. >> this recovery is over and the fed is trying to raise rates. they will quickly have to reverse course next year. they will take rates into negative territory, not just real rates but nominal rates and they'll do qe 4 and it could be bigger than ever. >> so could another round of qe be back on the table. >> go ahead, b.k. >> it should be. but what

the group owes the city money faber plans to tear down the building. without the house it's a different ballgame. we will rebuild another house to keep raising funds and hopefully we have some contractors to step in to help.>>> if you would like to help donate contact veterans in >>> retail giant walmart is shutting down nearly 300 stores worldwide. including 17 here in our state. is the supercenter on mlk parkway in southwest try to put workers will get 60 days pay. customers told wncn walmart departure is bad for the area. >> i will most likely not open. i am afraid traffic will be lost. spent the last day of operation is january 8. >>> the first winners of the powerball jackpot artificial, security cameras capture the moment john robinson arthur& the ticket. they made the announcement on the today show and a couple lives in mumford tennessee north of memphis. they describe the moment they knew what happened.>> she came running screaming and crying. saying check the numbers. >> he looked at them and said, baby, i think these are the right numbers. >>

other investors like marc faber say the chinese economies in the midst of a huge credit bubble and about to explode. if we look at the world bank with released yesterday, china is going to grow around 6.7% this year. we are far away from hard monday. >> thank you for joining us from new york. staying in the u.s., the environmental protection agency has a meeting with the boss of volkswagen. the american regular discussed reductio -- said discussions with the german automaker was unproductive. it was this week that the u.s. justice department filed civil suit against vw for damages against the clean air act. the company admitted to installing stealth software to bypass safety commissions tests. reporter: at the consumer electronics show in las vegas, the vw brand ceo said action would be taken to appease owners of affected models. >> first and foremost come we have to solve the problems with our customers and fix the cars and then we think about that. reporter: a newspaper says that folks i can would have to buy back 115,000 cars. the owners would receive a refund of the purchase price or

and while cunningham is happy to see things get back to normal lee faber says the heavy traffic could've been a plus for the town. "the more people we get through here is better opportunity for the town and population to grow and things of that nature so i have no problem with it." a lot of people also had questions about another road closure in eastover. bluff road, from congaree church road to griffins creek is closed until april 15th. scdot crews are repairing a bridge that was damaged during the flood. a boil water advisory is in effect for people along trenholm road from lakeview circle to forest drive. it also includes businesses in the trenholm plaza shopping center. utility crews are working to repair a water main break in that area. you should boil your water for a inside the state house- lines are being drawn between lawmakers after last night's state of the state address by governor will whitson takes a look at how the fight over ethics reform is shaping a decades-old rivalry. the state of the state address isn't just pitting the senate against the governor, but also the senat

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. a lot of hand wringing going on today with north korea claiming to have tested a hydrogen bomb. the yuan at a five-year low. news from apple and chipotle not helping. watching for cues from europe today. one silver lining is adp, the best since july of 2014, oil at an 11-year low. and inventories at 10:30 eastern time. we begin with north korea claiming it has successfully tested a hydrogen bomb. global markets are selling off. >>> valeant announces it has a new interim ceo effective immediately. >>> and some new numbers out for chipotle and news on a subpoena. is this a tipping point for the company? first up, global markets back in selloff mode. north korea claiming it tested that first hydrogen bomb, if confirmed it would be the first nuclear test since 2013, violating continuing u.n. sanctions. the peopling bank of china allowing the yuan to weaken as data for december showed the services sector expanded at the sloeft pa slowest pace in 17 months. all of this sending oil down. aft

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. first trading day of the new year. this one is not coming in quietly. futures down sharply after a selloff in china. shanghai down 7% on a weak pmi. trading was halted, hong kong and japan each down 3% as well. that's led to some weakness in europe. the worst day for the dax since august. crude oil and gold among the few things working today. the new year for the markets beginning with a worldwide selloff. global growth concerns sparked by data showing chinese manufacturing contracted for the tenth straight month, and contracting at a faster pace. and this ban on insider selling will end in a few days. >> china put in some circuit breakers that remind me of '87 and they didn't know how the circuit breakers would work. they encouraged selling, not discouraged it. the communist party can be late at figuring out what to do. i would not count them out in terms of their ability to manipulate the market back up. one thing is certain of 2015, in the face of bad economic data, the market did

i'm carl quintanilla with sara eisen and david faber. simon hobbs is off today. the moment, whether it's facebook results, oil higher on rumors about an opec meeting, even caterpillar guidance has the dow up 109 points. you can see 4.40% gain on crude. >> let's get to diana olick. >>> pending home sales up just 0.1% in december, but that's from a downwardly revised november reading. it basically comes out to flat in the wash. that is a miss. the street was expecting a bigger gain than that. sales up 4.2% year over year. pending home sales are the measure of signed contracts in december not closings. it's a forward-looking indicator of closing. why the flat pending home sales? realtors say it is no homes for sale. the ability to find homes in affordable price ranges is difficult for buyers in many job-creating areas. home building is grossly inadequate. again, sounds like a broken record, but lack of supply hurting home sales. we heard it from pulte group ceo this morning in their quarterly earnings release which was better than expected. he said builders are bene

welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. premarkets struggling again. the dow futures have recovered from being down 100 points earlier this morning. shanghai, another more modest loss overnight as the chinese inject liquidity and firm up ute withinhe yuan. our road map begins with the selloff aftermath. what experts expect for 2016. >> shares of eli lilly under a bit of pressure after new guidance announced for the year. >> and amazon saying more than 23 million items were ordered on cybermonday, that's a jump of over 40% from last year. >> futures erasing yesterday's losses. stocks looking to shrug off worries of global growth after monday's 7% slide. the shanghai a slight decline overnight. in addition there were reports that they might go easy on this restriction on insider selling once that ban lifts on the eighth. we'll see. >> at 115 the chinese government came in make it clear again, they rule a country. it's not like there's -- you don't go to the supreme court and say we have to back them. they came

a crash on the left side of the roadway slowing things just a bit and then faber fax to the beltway will take ten minutes. a live look of the issue at silver spring in a few minutes. >> thanks, melissa. now to a health care in montgomery county. crews found asbestos at a construction site that was once home to kensing thom junior high school,t: they'll begin to cle the substance today. it can cause cancer. >>> the white house is closely watching developing news in flimt flint, michigan. the state did not offer residents safe drinking water until four days later sparking widespread criticism. state troopers will go door to door to make sure residents have clean water to drink. >>> it's 6:24. at issue are claims over faulty ignition switches. jury selection begins in a case involving an oklahoma crash that injured a driver. a section of that car will remain in the courtroom throughout the trial. >>> right now conditions are a great for car buyers. >> whether you are looking for luxury or something a little straightforward, the best of the best p you're going to find them on display at the

we will revisit the highlights of that marc faber interview.n "surveillance", we speak to stephen roach. all of that and much more coming up. ♪ concern and skepticism as north korea claims it has tested for a hydrogen bomb. some leaders challenge the claim. confidence crumbles again. since 2011.fixing and mapping the past. the fed minutes today are expected to provide clues on another hike. good morning, this is "bloomberg surveillance,"

i'm carl quintanilla with sara eisen and david faber. simon hobbs is off today.re down largely on guidance out of boeing and apple on a week when guidance from the big large caps has been okay that seems to be changing today. oil is one to watch as we wiwil get inventories in a half hour. apple earnings miss pushing the stocks down sharply. hear what tim cook had to say about the quarter. plus we are counting down until today's fed decision. richard fischer will be joining us to weigh in. >>> and boeing the biggest loser on the dow after a disappointing 2016 outlook. it's 10:00 a.m., so we have breaking nick news. let's get over to chicago and rick santelli. breaking new home sales, rick? >> yes, sarah. 544,000, that's seasonably adjusted. annualized in terms of new home sales. we missed making a new high for the year by that much. 545,000 was our february read. this is february 15th, and that was the highest level since february of '08. so base clip third best going back to february of '08. last months was dinged 1,000 on a revision, that actually was ding dinge

. >> although, as david faber pointed out, it's still a far cry from what fox is willing to pay just a couple years ago, about a year and a half ago when it approached that company about a potential deal. could there be an activist in the stock? that is still the concern. or the hope of many investors because there are some names in there that are big asset managers. investors are wondering if they're holding slots, holding stock on behalf of the big investor. we'll see what happens. >> crude had gone positive on the day. now just slightly negative by some metrics here at the exchange. we got an upgrade, for instance, of southwest airlines over at morgan stanley today, taking its equal weight, saying pricing is getting better. we saw a fair hike this week with low oil. >> pricing for the company is getting better. >> not for the consumer. interesting session tonight in china. let's get over there. >> guys, thanks so much. welcome to "the halftime show." joe teranova is here along with stephen weiss, josh brown. also from new york today, kathy lien, managing director. our game plan lo

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. pre-market under pressure as oil prices refuse to relent. heading lower. we look to open below august's flash crash low of 18.67. europe looking at losses of 2%, 3%. the nikkei down 4%, now in a bear market. and the ten years with a one handle have not closed like that since november. netflix and what reid hastings has to say about the company's growth. >> ibm shares taking a hit this morning thanks to a weaker forecast. >>> apple under pressure as ubs raises concerns about iphone sales, how worried should you be? first, another selloff putting global equities on track for the worst month since '09. u.s. crude oil prices slumping below 28 to fresh '03 lows. earlier on "squawk box," ray daleo offered his take on the markets. ♪ >> i think that risks asymmetric on the down side. that's why i think the next fed policy will be towards quantitytive easing, not tightening. >> goes on to say with all asset classes down last year, that can't go on for long without producing a depression. >> i

investigators say they found a shooting victim near river field farm lane in faber yesterday morning. that person is expected to survive. the sheriff's office says currier is wanted on felony charges in another jurisdiction. those charges are unrelated to this incident. it's been three days since anyone has heard from missing blacksburg teenager, nicole lovell. she was last seen early wednesday morning. wdbj7's justin ward spoke with both her father and step-mother, who are more concerned than ever for her safety. david lovell/father: "right now i'm scared to death." david lovell is watching the clock - precious seconds passing by without his daughter nicole. the longer she's away, the longer she's without medication she takes after a liver transplant. david lovell: "at this point, i know she is sick. she's hurting. she's probably already into is shutting down as we speak. wherever she is." he last heard from her about two weeks ago - a short text message just saying hi, i love you, things are good. wednesday morning he got a call from nicole's mother in blacksburg saying she was miss