fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. bleeding gums? you may think it's a result of brushing too hard. it's not. it's a sign of early gum disease... listerine(r) can help reverse... early gum disease in just two weeks. listerine(r). power to your mouth™! kennedy: michael moore has a joined the list of celebrities boy together the oscars. >> they put me in a west hollywood hotel. i can go to a meeting in century city, burbank and santa monica and three days later i have not encountered a single african-american in any position of authority. kennedy: that's because they are disgusted by you. jada, spike, now fat mike boy together the oscars. you say the oscars are too black. >> have you seen the security there? they have got to nominate more. it's not just black. anybody else. in 100 years of oscars they

it could be offset by a pending card deal with fidelity rival charles schwab., it comes after last year's loss of co-branded business from costco and jetblue. the costco loss especially painful as cards linked to the discount retailer accounted for about 8% of the amex cardholders' total spendinging. the co-branding space is increasingly competitive with partner firms demanding steep cuts in the price amex charges for processing transactions or managing rewards programs, making many of these relationships economically unattractive for the 165-year-old firm. so expect the spotlight on ceo ken schnall to grow harsher. after 14 years at the helm he's recently lost key managers and potential successors to either death or departure. his growth strategy for the firm hasn't been heartily embraced by shareholders, and because of this analyst chris deknot says he expects chenault and his troops will continue to rely on expense reductions to appease investors. and i think they'll continue to do things around their cost base. they do a lot of things around theorld in a lo

fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. thanks. ♪ [ male announcer ] fedex® has solutions to enable global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪ keb * grab your 10-gallon hat. it's time for the wild west of news. you bring the whiskey. i'll supply the stories. this is the "topical storm." topic number one. i love in and out. my fast it so cal burger joint. they decided to do a popout truck in australia. word of the simple menu, the delicious shakes. and those babies sold out before they opened their doors. they were rationed one burger apiece. the temporary patch of heaven, locals ordered off-menu treats like the flying dragon and chicken skin, but those are aussie sexual euphemisms. that would be animal style the farm boy

i was in one of cuba's most prominent schools when i made a joke about president fidel castro. the kid that slept on the bunk bed on top of me recorded that conversation, and i was expelled from school. my mom said the only choice is for us to leave cuba. i'm a businessman. i've lived in miami 35 years. it's my home base. i come back and forth it cuba. i've been coming to cuba for over 20 years. i mean, cuba is a communist country in economic transition. >> fidel castro allowed cubans to establish more businesses, there are people that are making money, there are people that have created a tremendous amount of wealth. >> people with family connections to the states, people tied to the exploding tourist industry, small business owners, taxi drivers, people operating in ever-changing gray areas of what is permissible. how's it work right now? if you're cuban, you can sell your property to -- >> another cuban from cuba. that's what's happening right now. a lot of cuban-americans, a lot of cubans living abroad are now coming back and through relatives are buying property. >> obviou

fidelity -- where smarter investors will always be.f only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> a tumultuous start to 2016 for the markets. dominik chu has more at headquarters. >> let's reset the markets so far year-to-date. as we take a look at today's relatively bullish price action we'll call it, the s&p 500 we're still down about 7% year-to-date, but if i were to tell you that those 14 days of trading that we've had so far including today have been seven up and seven down. it shows you how much more pronounced the down side days have been so far this year. some say that perhaps the path of least resistance for the time being may be the down side. on a sector basis, it stelz you that story. telecommunications, utilities, and consumer staple stocks are the outperformers, the less economically sensitive. the ones that pay the higher dividends, the wi ones

fidelity -- where smarter investors will always be.only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >> he created gmail and google's now famous slogan but he has a new job. launched more than 1,000 companies including airbnb and drop box. josh we'll send it over to you. >> thank you kayla and paul thank you for joining us this morning. we appreciate it. >> thanks, josh. >> i want to start just talking about the general financing environment here in silicon valley. it is cooling. saw that slow down in the fourth quarter. for the start up that you're advising and guiding, paul, are they having more trouble getting funding now? >> it's still a little too soon to know. we won't start fund-raising for a couple of months but there's definitely a chill in the air and i'm telling them don't try to be a unicorn. try to be a cockroach. they're hard to kill. so keep it low and

. >> i will discharge duties of my office with fidelity. >> with fidelity. >> reporter: minutes earlier the 57 year-old son of the philadelphia fire fighter, who was raised in a south philadelphia row house took the oath of office, his son and daughter at his side, after he had served 23 years as a city council member. >> my parents self lessness led me to this stage and together they taught the me that you can never truly be happy unless you are in service to others. >> ♪ >> reporter: choir voices a feeling of the optimism filled the moment, kenney making berth education, and police community relations, his top priorities. >> so excited about the the new administration. people offering exchanges and major possibility. >> reporter: so, on this freezing day, greetings, kenney walking the last few steps on his journey, now the 99th mayor of the philadelphia god bless you, let's get to work. >> reporter: this swearing in ceremonies aren't over for mayor kenney, tomorrow morning at 10:30 it will be the swearing in of the cities new police commissioner, richard ross, and then in the afternoo

fidelity -- where smarter investors will always be.ly the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. may not always be clear... but at t. rowe price, we can help guide your retirement savings. for over 75 years, investors have relied on our disciplined approach to find long term value. so wherever your retirement journey takes you, we can help you reach your goals. call a t. rowe price retirement specialist or your advisor ...to see how we can help make the most of your retirement savings. t. rowe price. invest with confidence. ♪ trrs . >>> less than six minutes to wrap up the week for trading and we're going to eget started in the mad dash with honey well. >> they said if we don't like headac health care, we like industrials. united technology was very good along this too. by the way, remember ge? they had even better than honey well. and dave cody, the ceo delivers ag

why does fidelity and infidelity matter? >> it matters when you as a person, a candidate are using the public farrive to further the agenda. they present themselves. that, to me, is fair game. in the case of hillary clinton, where she is saying i'm supporting women, empowering women, when behind the scenes trying to undermine an intern star truck by a powerful man. fdr, greatest presidents had fairest, we look back and put them on statues. i don't think they were pretending to be moral giants. and hillary clinton is. every debate she brings up the fact that she's a woman, and she's going before the u.n., speaking about women's rights. >> bill was the one caught cheating, not hilary. the issue is not infidelity, not bill's affairs. it's whether or not she has a double standard on the war on rhetoric, the criticism is you are participating in a war on women who you are trying to slins, that your husband may have abused. >> hillary clinton put her husband front and center. shouldn't very expect some of this? >> absolutely not.

no, fidel castro killed john f. kennedy. these are the stories power has told about itself throughout my life time. essentially these are the real conspiracy theories and they are told by power. with the complicity of the american media, appropriate media. these are the stories that had unfortunately some tragic consequences as well as we all know from the examples i just cited. it is the job of people like me, historians, alternative historians, journalists, to present the truth. basically, to cut through mythsmaking, spinning of history, of reality. it is no easy task because there is hollywood, there is the corporate media, there is a fox news. again and again day after day 24/7 they are telling us there reality and as the great sociologists who wrote the power elite during the cold war in the 1915s, one of the first to analyze the phenomenon of the dulles brothers and the power circle, as he famously said about these. is such men as these, they were 99% men and 96% today such men as these are crackpot realists. and we ar

over at fidelity. our next guest as far back as last summer has repeatedly said we gave you a hard time last summer when you were at record highs, and you are pounding this table pretty hard. how do you feel right now? >> well, i'm not surprised, but i also wouldn't be surprised if we just go back up from here, and, again, when i said before when we talked about it before is i'm basing that call on is valuation, also the fact that the fed is tightening, makes it a little bit harder for the market to go up, but this is a long-term valuation call. if you do step back cyclically adjust cash flows, ultimately your only conclusion can be that stocks are incredibly expensive even now. if there is a lot more down side, it would not be surprising. >> gas is cheap. you can use the money you are saving on gas to buy the s&p. if you wanted to, couldn't you? are you taking those dividends that you stop reinvesting? are you averaging them into the market now? >> yes. i own stock. the farther they fall, the more mon

no, fidel castro killed john f. kennedy. these are the stories that power has told about itself throughout my lifetime. essentially, these are the real conspiracy theories. and they're told by power. with the complicity of the american media, corporate media. and these are the stories that have had, unfortunately, some tragic consequences as well, as we all know. from the examples that i just cited. sost the job of people like -- so it's the job of people like me, historians, alternative historians, journalists, to present the truth, basically, to cut through this myth-making, this spinning of history, of reality. and, you know, it's no easy task because there's hollywood, there's the corporate media, there's fox news. and again and again, day after day, 24/7, they're telling us their reality. and as mills, the great sociologist who wrote "the power elite" back during the cold war in the 1950s and was one of the first to analyze the phenomenon of the dulles brothers and that power circle, as he famous hi said about these men

. >> going to play a love interest of, get this, fidel castro. more on that. >>> a look inside today's . >>> you know her for he roles in american hustle and the hunger games. and now jennifer lawrence is tapped to play fidel castro's former lover. how the 19-year-old met and had and how she helped the cia with a covert assassination attempt. not confirmed and no details on when the movie will be released. >>> jamie foxx is called a hero after coming to a rescue of a flaming truck. the man lost control and the truck rolled before bursting into flames. happened off the road and into a ditch, causing it to roll over. the driver was trapped inside. that's when fox jumped into help. >> i don't look at it as heroic. this is just -- had to do something. and it all just worked out. >> police say that driver did suffer burned and also arrested for driving under the >>> the annual convention for tv, nat-p. >> the national association for television programming executives is all about the buying and selling of tv shows. lisa petrillo has been there all day

marita was 1 years old when she game fidel castro's lover. later she claims she was also present during the planning of john f. kennedy's assassination. the production company considering cuba as a possible shooting location. >> i don't know who is playing fidel castro, but he's a lucky guy. >>> still a lot more ahead for the next half hour. the run. north miami police are on the hunt for a dangerers criminal they say is responsible for a string of armed robberies. >>> south florida, as you head out the door on this thursday morning, want to grab the sweaters because it is on the cool sidede we're waking up to temperatures in the 50s. id to low 60s. as we head out the door, things are looking good. especially dropping kids at the bus stop. as theay goes on, a few more of the clouds rolling in. things should be okay by late morning into the early afternoon hours. after the >>> w at 5:30, a live look at jackson memorial hospital where a miami police officer is being treated after being stabbed in the face. >>> winter is coming for the east coas

. >> with fidelity. >> with fidelity. >> congratulations, mayor kenney. >> mayor kenney is already opting to do things differently from mayors past. who certificate lineup of today's events. >>> back to work and back to school today for a lot of people and it's definitely feeling like winter outside. bundled up if you're headed outdoors any time soon, as we take a live look now over market street in center city, philadelphia. nbc 10 first alert meteorologist bill henley is here with that chilly forecast. bill? >> it is going to be especially cold for that block party mayor kenney has chosen the coldest night since last march. and it's plenty cold during the day today. we have got sunshine now. clouds blew through with a few flurries in cape may, now those flurries are out of the picture, the winds that blew those flurries through the area are still with us and keep our temperatures from really moving up at all. 32 right now in philadelphia. 20s for allentown and pottstown and 34 degrees in dover and the cooling likely to start this afternoon. we will see bright sunshine but look at those

fidelity -- where smarter investors will always be.ly the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> finally fast but not least, barbie may look a bit more like the rest of us. mattel announcing that barbie will come in three new body types, curvy, tall and petite. they'll hit stores later this year. >>> in case you want to buy one. >> no. >>> time for the final trade. grasso? >> bank of america started to bounce. let's see how long it can go. >> in crude oil, overcapacity. and the auto sector. gm. >> karen? >> in the tech space for me, google. >> i thought the visa quarter was good enough. the stock sold enough. i think you can buy it right here. >> i'm melissa lee. thanks for watching. >>> "mad money" with jim cramer starts right now. monday. in the meantime "mad money" with jim cramer starts right now. >>> my miss is simple -- to make you money. i'm here to level

fidelity -- where smarter investors will always be.igns were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. you stay up. you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future, we're here for you. >> lauren: welcome back, take a look at u.s. stock market futures right this second. dow futures up 232 points. nasdaq futures up 65. >> nicole: let's check out commodities. last year oil fell 11%. by the way, that selloff last week was the biggest that we've seen since december 2014. today a little bit of a bounceback. we are up but still below. gold pulls back 3.60. >> lauren: joyride going up in flames. watch this. a fire shoots out of the back of 500,000 lamborghini in south florida after a valet driver takes the car for a spin. the man runs around trying to put it out, both the driver and the bystanders

fidelity -- where smarter investors will always be.ly the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. then, a brutal act of teterror here at home.. it's time for a tested and proven leader who won't try to contain isis. jeb bush has a plan... to destroy them. and keep america safe. jeb bush: the united states should not delay in leading a global coalition to take out isis with overwhelming force. announcer: tested and proven leadership matters. jeb bush. right to rise usa is responsible for the content of this message. as long as you love me, it's alright bend me shape me, any way you want me you've got the power, to turn on the light shape the best sleep of your life. sleep number beds with sleepiq technology adjust any way you want it. the bed that moves you. only at a sleep number store. john: back live. who are the best candidates, who are the worst? last night the b

fidelity -- where smarter investors will always be.only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> welcome back to "squawk box." shares of intel hit horde this morning, and earnings topping estimates, but stocks drops on worries of slowing growth and highly profitable data business as intel moves from the slowing pc chip business to strengthen other revenue challenges. we'll have more on the slowing pc space later this hour, and ge has a deal to sell appliance business to china for $5 billion, and they plan to keep using ge's appliance brand, remains headquarters in kentucky, and they were forced to abandon a sale to electrolux last month, but ge is getting a billion and a half dollars more than it had under that last transaction. also, watch shares of yahoo! this morning, investor canyon capital sent another letter to the company. they are under a lot of issue,

fidelity -- where smarter investors will always be.re's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. >> the new cover of esquire magazine features donald trump with the headline hater in chief. it does not hit newsstands until next month. it has r&d got controversy. if you are running for president, you do not want to be perceived as a hater of any sort. trump probably hates where america has gone. so do a lot of others. trump has passed into the anger and frustration that many americans feel right now. our country has changed. the world has become more competitive. it is harder to get ahead. we have not seen so few americans participating since the 1970s. our middle class is getting squeezed. people are sick and tired of it. there was so much hope. now that hope is turning to anger. anger that stems not from the real economic pain, but from fear as well. terrorism is pretty scary. it is a real threat. our president, on the day of the pari

fidelity -- where smarter investors will always be.'s a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. 7. kennedy: the empire here is very real and so happy to have you on board. tom brady's chef reveals the family doesn't seat white sugar, white flour, wheat or dairy. the brady kids eat 95 3er * of the say thing as their super healthy parents. why is it so much fun making fun of tom brady? >> because you are not supposed to have everything he has. if you are a quarterback you are supposed to have eli manning's face. you are not allowed to be great looking and an awesome quarterback. >> and a supermodel wife and beautiful family and $80 million house. >> and they win the division every year. kennedy: is that why they are so beautiful because 80% of their food is plant based? >> if it is, i'm going to eat that way. they are perfect. in the post apocalypse i want to be one of their war boys. they are going to live on a hill. i'm going to be a wa

fidelity -- where smarter investors will always be.f only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. thanks. ♪ [ male announcer ] fedex® has solutions to enable global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪ >> he's gone. kennedy: that's dominic monahan from "lord of the rings" and whatever the hell island that was on "lost." now he's has a travel showq "wild things with dominic monahan." >> all my life i have been driven by two strong passions. acting and wild creatures. since i was a kid i dreamt of traveling the fleent get my hand on the rarest, most beautiful amazing creatures out there. now, i finally have my chance. kennedy: do you like touching animals? >> yes, i do. kennedy: is that the best part of the job? >> i like to travel. but the show sparks me when i have got my hand on

fidelity -- where smarter investors will always be.were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. every year, the amount of data your enterprise uses goes up. smart devices are up. cloud is up. analytics is up. seems like everything is up except your budget. introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. trish: the countdown to iowa is on. they would be about in a very tight race. fox news sr. white house correspondent ed amery is live on the campaign trail. ed, good to see you. >> trish, so good to see you. bernie sanders continues to gain momentum. wrapping up behind me. here at iowa state in ames. obviously, he is doing very well. nationally, with college students, with young people. free college tuition,

fidelity -- where smarter investors will always be. the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. i don't want to live with the uncertainties of hep c. or wonder whether i should seek treatment. i am ready. because today there's harvoni. a revolutionary treatment for the most common type of chronic hepatitis c. harvoni is proven to cure up to 99% of patients who've had no prior treatment. it's the one and only cure that's one pill, once a day for 12 weeks. certain patients... can be cured with just 8 weeks of harvoni. with harvoni, there's no interferon and there are no complex regimens. tell your doctor if you have other liver or kidney problems, hiv, or other medical conditions, and about all the medicines you take including herbal supplements. taking amiodarone with harvoni may cause a serious slowing of your heart rate. common side effects of harvoni may include ti

fidelity -- where smarter investors will always be. the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> xerox's big split. the company's ceo speaking to us a short time ago. why they were splitting up the company and the role that carl icahn played or didn't play in the decision. that's straight ahead. >>> isis, iran and energy prices. energy diplomacy official amos hochstein joins us to talk middle east policy and where prices are headed. >>> the spread of the zika virus the new warning and how many americans could be infected. let's back that up. how many americans could be infected. it is friday, january 29th and you're watching "squawk box" on cnbc, first in business worldwide. >>> welcome back to "squawk box," everyone. this is cnbc first in business worldwide. among the stories front and center xerox will split into two separate companies one focusing on document t

fidelity -- where smarter investors will always be. the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. iall across the state belthe economy is growing,day. with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. like in the hudson valley, with world class biotech. and on long island, where great universities are creating next generation technologies. let us help grow your company's tomorrow, today at business.ny.gov type 2 diabetes doesn't care who you are. man woman or where you're from. city country we're just everyday people fighting high blood sugar. ♪i am everyday people. farxiga may help in that fight every day. along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. one pill a day helps lower your a1c. and, although it's not a weight-loss or blood-pressure drug, far

fidelity -- where smarter investors will always be.re's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. dsenators came together for a top-secret briefing on the terrorist threat... marco rubio was missing - fundraising in california instead. two weeks later, terrorists struck again in san bernardino... and where was marco? fundraising again in new orleans. over the last 3 years, rubio has missed important national security hearings and missed more total votes than any other senator. politics first: that's the rubio way. right to rise usa is responsible for the content of this message. you're down with crestor. alright! now there's a way you can get crestor for $3. adding crestor, along with diet, lowers bad cholesterol. crestor is not for people with liver disease, or women who are nursing,pregnant, or may become pregnant. tell your doctor all medicines you take. call your doctor if you have muscle pain or weakness; feel unusually tired; have

fidelity -- where smarter investors will always be.f only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> welcome back to "fast money." take a look at shares of boeing which are under pressure after hours after the company announced that it is cutting its production of the 747-8 cutting it in 12 a year down to 6 a year. that production cut will start in september. resulting in a $569 million after-tax charge for boeing. the 747-8 is the largest airplane that boeing builds. they built a passenger version and freighter version. it's the weakness in the air cargo market on the trader side. that is causing this production cut. boeing says the global air freight volumes were down 1.2% in late 2015. announcing the cut, the ceo of boeing says global air passenger traffic growth and airplane demand remains strong. that's not the issue. the problem is the air cargo market rec

fidelity -- where smarter investors will always be. the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. thcompetition, it's protecting buscustomer trust.not every day you read headlines about governments and businesses being hacked, emails compromised, and intellectual property being stolen. that is cyber-crime, and it affects each and every one of us. microsoft created the digital crimes unit to investigate and fight cyber crime. we use the microsoft cloud to visualize information, so we can track down the criminals. using our advanced analytics tools, analysis that used to take days to run, we can now see in real time. and we're building what we learn back into the cloud to make people and organizations safer. when it comes to the cloud, trust and security are paramount. our passion is making life tougher for cyber criminals, and making it safer for you and your customers.

fidelity -- where smarter investors will always be.signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> whack back to "squawk on the street." i'm carl quintanilla a. they continue to hint about more global easing. oil up. let's get to rick santelli. breaking news on leading indicators and then we'll get to existing homes, rick. >> i'll tell you. we're sweeping up the 2015 day. selling numbers down 0.2, which is exactly as we expected. it's a tie. month over month-percentage change. the first was in february. you have to go all the way back to march 2013 to find a minus 0.3. it was a three-way tie. not a great finish for lei. now, of course, we want to look at the existing home sales. for that, diana olick, d.c. how does it look, diana? >> reporter: rick, existing home sales jumped 14.4% month to month to an existing annual rate. that's the largest monthly sales jump in histor

fidelity -- where smarter investors will always be. were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> welcome back to "squawk box" here on cnbc. magnificence, isn't it, what god has brought? unbelievable. first in business worldwide. i'm joe with becky and andrew. >> loud and proud. >> east coast braces for a winter storm. travel tough over the weekend. already, thousands of flights have been cancelled. i just got a push notification on a swiss air flight tomorrow night i booked just in case cancelled at 5:00 to leave zurich. a full report in a minute. markets look to open higher today, a nice relief after the week that we've had, not that we're that long or short minded here. we just cover things, but it's dicey at times, up 191 on the dow, 25 on the s&p, and a lot of this has to do with a snapback in oil. we have not seen a move like this recently, up above 5%, over $31. $31 s

. >> with fidelity. >> with fidelity. >> congratulations, mayor kenney. [applause] >> reporter: with that oath former councilman jim kenney became philadelphia's 99th mayor pledging to utilize every asset this city has to offer. >> government simply he cannot do it alonely we need our businesses nonprofits universities and every day philadelphians to um together and row in the same direction. >> reporter: in his speech to a packed academy of music the south philadelphia native promised to fulfill his campaign promises fighting the city's poverty rate, generating universal prek and working overtime to bolster better police-community relations. >> black lives do matter. (applause). > >> and that the overwhelming majority of hour police are hard working public servants who risk their lives every day. right after the ceremony the new mayor marched up broad street to city hall to the applause and excitement an array of citizens. reaction from those who attended this ceremony was overwhelmingly positive. >> i think the ceremony was excellent, the mayor's speech

. >>> with fidelity. >>> with fidelity. >>> with that oath, jim kenny a veteran of city council became the 99th mayor. the south philadelphia native and son of a fireman campaigned promising to launch a war on the high profiter rate and create universal pre-school for children of philadelphia. >>> we will have to put aside our differences and acknowledge two things that black lives do matter at it is the overwhelming majority of our police are decent hard-working public serve servants who risk their lives everyday. >> reporter: the new city council was sworn in and darrell clark was elected president again. he said they will work on more funding for public schools. >>> together we have to find a away to get more public school students on a path of tech health and science jobs in the city of philadelphia that's how i address economic inquality, education plus opportunity. >>> mayor kenny has gone to city hall where he'll be signing a number of releases and number of positive things this morning, symbolic many of them, but that's what he plans to do there will be more activities througho

fidelity -- where smarter investors will always be.f only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers) now hide-and-seek time can also be catch-up-on-my-shows time. here i come! can't find you anywhere! don't settle for u-verse. x1 from xfinity will change the way you experience tv. >>> welcome back to "power lunch." i'm michelle caruso-cabrera. general electric out with earnings beating on the bottom line but revenue coming in short of expectations partly due to the strong dollar. apple rallying 4%. piper jaffray recommending investors buy ahead of earnings next week saying the stock could jump 50% by the time of apple's anticipated iphone 7 launch in september. >>> suntrust out with earnings. the bank beat estimates despit

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fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> a potentially volatile open in china tonight. there's a large number of will known chinese economists in new york city for a conference on the state of the chinese economy. our chief international correspondent joins us with one of those people. >> the conference is held every year. what an opportune time to hold this. we're excited to have you on because most of the economists here are from universities or think tanks, you're with a securities firm in china. why has the chinese stock market fallen so hard this week? >> there's a reason. for example, definitely trigger some fear. that led -- we have this new scheme of the circuit breaker. people in time will get familiar with that. also have some role behind this volatility in the market. >> let's start with wh

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. >>> meanwhile, fidelity is dropping its long-time credit card partners. the mutual fund giant has 24 million customers will team with visa starting today. the alliance will provide consumers with visa branded cards and fidelity is keeping its 2% cashback program. the switch is setback for american express its exclusive deal with costco last year. >>> the milk for your morning coffee may soon cost a bit more. freak blizzard killing more than 30,000 dairy cows. warning of a milk short nl because fewer cows and road closures kept trucks from reaching farms. scott and laura back to you. >> 0,000. that's amazing. thank you. >>> we do have some breaking news just coming into our newsroom. police are telling people in the peninsula to shelter in place after a downed tree caused a gas leak. it is happening on laurel street. the tree is said to be blocking traffic. while police say no immediate danger, they are asking people in the neighborhood to stay indoors until they manage to fix that problem. we have a crew headed to the scene, as well. we'll bring you an up

fidelity -- where smarter investors will always be.f only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. wheall i can think abouthit, is getting relief. only nicorette mini has a patented fast-dissolving formula. it starts to relieve sudden cravings fast. i never know when i'll need relief. that's why i only choose nicorette mini. [gunfire] jo ling: facebook executive, the coo, sheryl sandberg believes that facebook likes can help counter isis recruitment. listen to what she had to say at the world economic for in davos. >> the best antidote to bad speech is a good speech. they launch what they called a like attack on the facebook page of the npd. that is the new nazi party. that is page of intolerance. rather than scream and protest, they got 100,000 people to like the page who did not the like the page and put messages of tolerance on the page. jo ling: retired u.s. l

fidelity -- where smarter investors will always be.f only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. i'i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national. i can bypass the counter and go straight to my car. and i don't have to talk to any humans, unless i want to. and i don't. and national lets me choose any car in the aisle. control. it's so, what's the word?... sexy. go national. go like a pro. . liz: folks, we are dumping out here on the stock market. we're looking and charlie brady from assignment desk is telling us we added another percent to the losses of oil. the lows in the after-market session. close was down 6%, now down about 7%. what do you see? we can flip over to the s&p 500. in this just 38 minutes that we started the program. we lost another 12 points on the s

fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >> it's a busy week for tech earnings. we have western digital and those are kind of second tier. samsung and qualcomm already reported. those of course feeling pressure from a declining demand for certain kinds of phones. let's look ahead to the two big names reporting after the bell today. microsoft and amazon. analysts looking for 25.3 billion in sales. a mixed bag of trends in this one. on the one hand enterprise spending looks weak based on intel and ibm results. we know pc sales are weak. by putting windows 10 out there for some users microsoft may have boosted it's cloud momentum for office 365 which has been driving the valuation. if those numbers look good the other stuff might matter less and for amazon, 35.9 billion in sales around $1.86 is what they wan

fidelity -- where smarter investors will always be.f only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. ♪ 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". >>> welcome back to "fast money" brutal concerns as china continued to rock the market. s&p, dow and nasdaq all falling over 2%. the dow and s&p with the worst start to the year ever. full coverage in "markets in turmoil" at 7:00 p.m. tonight. >>> the countdown to china is officially on. less than three hours until china's stock market opens. we are on the ground in shanghai with what you need to know about what could be another tumultuous trading session. the biggest bull on wall street. talking to the man with a 2300 price target on the

fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. performance... ...reimagined. style... ...reinvented. sophistication... ...redefined. introducing the all-new lexus rx and rx hybrid. agile handling. available 12.3-inch navigation screen and panorama glass roof. never has luxury been this expressive. this is the pursuit of perfection. at ally bank no branches equals great rates. it's a fact. kind of like reunions equal blatant lying. the company is actually doing really well on, on social media. oh that's interesting. i - i started social media. oh! it was my...baby. >>> welcome back to "power lunch." a massive sell-off on the street right now. the s&p 500 falling below its august lows. it is currently down by 2.6% at 1871. checking on all the sectors here driving the big sell-off, you have down here energy which

. >> with fidelity. >> with fidelity. >> congratulations, mayor kenney. >> and with there the torch wasassed from michael nutter to jim kenney who will now carry the enormous responsibility of leading a city of 1.6 million people with the highest poverty rate in the country. "action news" reporter sarah bloomquist is live at the convention center tonight. sarah, what is in store for the inaugural celebration? >> ♪ >> reporter: jim, the party is under way here at the convention center tonight. you can see behind me jerry blavat there on stage with just about every philadelphia mascot. all the sports teams, all the universities, he's playing all the philadelphia classic sounds tonight. as we pan out across the convention floor this is being billed as a block party a casual affair not black tie celebrating philadelphia neighborhoods and schools. they have food trucks and picnic tables. these guests are here to celebrate a new mayor and a fresh start for this city. >> congratulations mayor kenney. >> reporter: after being sworn in as the city's 99th mayor jim kenney told those gathered at t

fidelity -- where smarter investors will always be.f only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. i'i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national. i can bypass the counter and go straight to my car. and i don't have to talk to any humans, unless i want to. and i don't. and national lets me choose any car in the aisle. control. it's so, what's the word?... sexy. go national. go like a pro. >> give you a look at the s&p sector heat map. led today by telecom and utilities, staples, discretionary. energy and materials, the weaker sectors today, wti was positive. now trading at $29.19. apparel down 1%. sales increase from all day breakfast. ure long mcdonald's. >> long mcdonald's. not buying it here, though, because we were buying it under 100. i think that a lot of good n