halliburton on the energy side of things, oil take off.rgy stocks are a hot trade of late now halliburton is off 10% from the recent highs significant cigna, a the love the health insurers, cigna is 10% off the levels american airlines not flying as high anymore down 12% and wynn resort, we know issues there, allegations of sexual misconduct that stock is now 17 below overall, carl, as we take a look at the stocks, if there is more continued down side momentum, some of these names could be the ones that fall even more but if there are those who are hunting for values or dips in this marketplace, these are perhaps some of the stocks amongst the 72 that could see some of the bounces. back to you. >> dom, thank you for that dominick chu stocks off session lows, back down triple digits for the dow tech stocks are helping lead the morning rebound. joining us at post nine to talk more about that elevation partners co-founder roger mcnamee. you think -- i mean you've been net critical of the market on valuation. >> yeah. >> you think that's going

halliburton is my favorite in that space but that's a different story fundamental than the integrated ois. think about them as proxy for oil itself. >> for everything objections action, check out our website. while you are there, sign up for our newsletter more than 100,000 of you have. don't be the last one in in the meantime, here's what's coming up next ♪ >> mick? we'll do better than that. we'll show you how you can protect your whole portfolio for close to nothing. >>> plus calling all "options action"s fans. got a market question on this bigoff tweet us @"options action. if it's nice, we'll answer it on air. when "options action" returns. "options action" is sponsored by think or swim by td ameritrade m? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitat

halliburton and going to have oil users in it.panies likely i don't know del that use a lot of oil here we'll how that goes. opening scheduled for today. back to you. >> thank you, bob. we'll get chicago pmi here with rick santelli no chicago good morning, rick. >> good morning. your timing's is impeccable. a couple of seconds before the february read on chicago pmi and it is out. it's a disappointment. 61.9 we are looking for a number of slightly north of 64 we're following 65.7 for january. 61.9 is weakest level since august when we were under 60 at 59.5 the last read of the year was a huge one december's going to be a comp for a while. 67.8 that goes back to march of 2011 when it was 68.8 and 68.8 is the highest on my 20-year data base. all right. let's get to the market, shall we yesterday some were calling the market response in fixed income, the powell pop well, that might have been true, especially if you're looking at mostly the short end overnight as you see on the following two-day charts trying to run them quick to get

particular dominate that also down 2.9% down 10% on a one-year basis oih, this one dominated by halliburtony nowhere to hide in the energy space, guys, in particular i think because some of the downstream operations of exxon mobil were the weakest, chemical, petro and refining that's where the see the defensive elements of these stocks it seems like it's a little bit of a purge down 5.5% the xle. flattish on the year. >> it's interesting, you heard so much commentary about higher oil prices sticking around and the integrateds remaining down and the cap ex, we're seeing wti. the dollar is finally strengthening along with interest rates you have to wonder what the oil back drop is going to be in 2017. >> exactly i think you did have hedge funds kind of very long crude oil. if you're in this sort of a reversal phase with all of these macro trades, although crude is not that far off its highs. >> that's true. >> it's not a bloodbath, it looks like a pull back obviously the market bracing with something worse. >> any other day we would probably be spending a lot more time on the jobs number give

also want to mention right now halliburton, we're watching those shares, they have been halted for news pending. we'll bring that to you as soon as it crosses. david? >> okay. thank you, bertha. >> say again >> baker hughes maybe sell some of baker hughes -- i don't know, that industry just $10 decline over the course of one week. the group has been acting poorly but we know ge has to do a deal. >> ge -- we've got to talk more about that and what's going to come before the end of the quarter. >> you have insight? >> not yet give me time let's head to the bond pits now. rick, what are you working on this morning >> you know, just trying to factor in how today's ppi in many ways every bit as hot as yesterday's cpi but cpi seemed to have broken the veil with response to market response. note yields are up two basis points and that makes sense with the march meeting and the fed and back to back rather warm ppi/cpi data points but the 10-year at 290 as you see on the next chart, it is unchanged. we have been up to a 294 yield and as jim referred to earlier, is it that we're ignoring tens or