good evening, i am mark hyman, thank you for joining us. the iowa caucuseses won't b b until next month but tonight we talk about them. you have met in the introduction our expert panel of guests that will discuss the issue and we have a great audience that will ask questions. and as well as you at home, let's go ahead and get started. about gettttg o o questions answered. the first question is from the

julie hyman has more.ulie: sun-itis and has been volatile, and now reuters -- sun edison has been volatile, and reuters is reporting there is a suit over a deal to buy vitamin solar. sun edison has a complicated structure which has a couple of affiliates publicly traded, and it is one of those affiliates buying vivant. the structure has come under scrutiny, and now, again, is being sued by help a loser. you can see the shares are down, but the stock -- chart looks unusual with these straight lines because it has been halted several times over volatility. remember, if the stock drops too far, too quickly, it gets automatically halted, and that is what has been going on. gotten a lot of negative commentary as of late has well over this capital structure we are talking about. i will bring you more details when we get them -- details on this suit, and exactly what it is about. right now it is reuters reporting it, and we will let you know. isty: it looks like the link .ppaloosa is a 10% holder vivant is the co

joining us is mark hyman, vice president of corporate relations for the broadcast group which owns news channel 8 and wjla channel 7. cooper, and michi gentleman, i see you have your note cards. first what is it that the american people don't understand about this deficit? i know we know people that probably make 50,000 a year. they have $100,000 a month in credit card bills. do they not mirror the federal govevement? how mama decades have we been doing this? >> public should be outraged. understandably, look this has become the status quo. we are at 18 trillion dollars plus our national debt. no one is being held accountable. this is not about one party or the other, this is republicans and democrats in control. you use the phrase spending like a drunken sailor, that is where we are today. promises to spend money today, but will reign it in, in years, 7, 8, 9 and perhaps 10. we are going to overspend, flat line and in year 10 we might have meaningful savings. this act replaces what they put same approach, spendoney first 5-7 years, maybe save years 8-10. budget caps in place. that 2013

differently. >> we want to thank our guests, mark hyman, horice cooper and amichi. adhere to what they are saying. we need to make the government accountable. julius grayson. >> greetings, i am julius grayson as a recent graduate, i am dedicated to serving underrepresented students. i pay it forward through mentorship, educating on a collegiate level and via my blog. my blog show cases those in the community using their own gifts and talents. >> almost back to the forum. we can never thank you enough for joining us every saturday live and your wonderful feedback on the important issues of the day. don't be afraid to e-mail at us news channel 8 with your ideas. we are not here to entertain you you. we are here to educate you on issues that impact your lives. we want you to tune in with another edition of "rightside" thank you for joining us, good day, everybody.

police say norric hyman was the person hurt when he tried to go inside the store. here's the details. >> the store owner shot at the robbers last night, helping officers to catch the three suspects. now they're trying to figure out whether they're involved with other crimes throughout brevard county. >> a suspect in tuesday night's armed robbery at this chevron boulevard, gunned down by the store owner. >> they tried to rob the man and he shot the dude. >> police say norric hyman walked into the business wearing a mask, pointed a gun at the owner and demanded money. that's when the shop keeper pulled out his own gun. >> preliminarily, we could say he was acting in self-defense of his own life and his own property. >> cocoa police says this is the fourth time the store owner has had to shoot attempted robbers. hyman tried to get away in the waiting car but the owner held him at gunpoint until officers arrived. witnesses reported seeing that car speed off. >> there's a silver camaro that just went over to deforest avenue. >> the vehicle was found in rockledge. they a

david: julie hyman at the markets desk.p, it has been seven years since president obama took office. economic entity the republicans are still taking the president to task on? ♪ david: welcome back to bloomberg markets. president barack obama goes before congress tonight for his final state of the union address. tonight will also be a first for new house speaker paul ryan who will sit behind the president. he talked about the fed and how he says it helped generate weak economic growth. us mores given regulations, higher taxes, more uncertainty, gold and economics. -- trickle-down economics liberal style. people on the high-end are doing well because of lose money from the fed and all these regulations are giving us weak economic growth. david: joining us is brendan greeley. scratching my head and they're a bit with the trickle-down economics liberal policy thing. , can wepeech tonight expect there will be a lot of talk about the economy? >> there will be. it is his last speech, a chance to look back over the course of what

julie hyman, thank you so much. to the top of the letter in banking is somewhat of a herculean task, is ceo's of the biggest banks have held the post for the past six years and there is no sign they are going anywhere. that may be part of why senior leaders are heading for the exit and. the morgan stanley that the morgan stanley executive left the firm after james gorman, ceo, said he would stay on for another five years. talking about how tough it is to to rise to the top of a big bank is erik schatzker. tok: it is harder to rise the top of a major firm on wall street now. that will change several years from now, because james gorman at morgan stanley is going to be five years older and that much research retirement. the same thing is going -- that much closer to retirement. the same thing is going to happen to jamie dimon, same thing will happen with lloyd blankfein, and that will most certainly start the speculative fires burning again on who might become the ceo and lay the groundwork for all of those internecin

texas a&m announcing eric hyman stepping down as the aggies athletics director. hyman left u.s.c. for texas a&m back in 2012 and a lot of turmoil around texas a&m recently, guys, two quarterbacks have transferred out of there, offensive coordinator is gone and today their atlet i cans director so interesting time in well. >> a lot of folks remember eric. >> and his wife. yes, good people. we wish them wellll up next, john farley has one last look at the seven day forecast. columbia news at 6:00. >> cold out now in columbia. we'll get down to the mid 20's. some places low 20's. very cold night for us tonight. plants. if you took them in last night. forecast. temperatures. what i wanted to show you on the last of it by the time we get into tomorrow afternoon, it will be a little warmer and by the time we get into the end of the week, we're back in the 60's. there's some rain there, too. >> all right. thanks so much. and about half-hour left in the

i want to bring julie hyman in. julie? julie: concerns over new regulations in china, contributing to the selloff. u.s. cturing data in the all major averages down 2% or more. they are off the lows of the session, but still a very sharp selloff. other asseteck classes. oil is notable as tensions ratchet up between iran and saudi arabia. ambassadoring its after saudi arabia executed a shiite cleric. on the flip side, as people are selling stocks, they are fleeing to what they perceive as relative safety. the yield is pushing down to 2.22%. if you look at gold prices, there we are also seeing a gate as people pursue what they perceive as refuge. up for sixlar straight sessions. up about a 10th of 1%. the dollar trading higher versus the euro, lower versus the japanese yen, betty. betty: vonnie quinn has more from our news desk. vonnie: thank you. workers and northeast china -- i and northeast china -- rescuers are drilling a new tunnel to save trapped miners. a newals are viewing islamic state video. a man with a british acc

let's go to julie hyman who has the latest on stocks. julie: let's see where we are having declines accelerate. it doesn't have to do with the beige book, but with this risk off sentiment that is in the market. a lot of concerns over global growth. all three major averages are down, the nasdaq has been taking the worst of it consistently today as we have large-cap tech decline. look at the s&p 500 on an intraday basis. you can see the drop, lower in the past few moments, although now off the lows. nonetheless, a sharp decline for the s&p. within it, some of the groups most dependent on the economy and/or momentum moves have been doing poorly. the nasdaq biotech index, which has been such a momentum group, and have been battered last year , is down sharply this year again, down 15% year to date, losing another or percent today. the same on the dow jones transportation average. percent today.4 it's been an underperformer. take a look at oil prices. oil had been holding up relatively well today, on a relative basis, up .3%. we got an invent

thank you so much, julie hyman.nley's wealthiest clients have first dibs on shares of uber -- morgan stanley's wealthiest clients have first gives on shares of uber. to see theot get financials, but they will get morgan stanley's take. got a holdlie, you of the document for morgan stanley, which is 290 pages. it's short of financial details, so what is in there? julie: we've heard the valuation is about $62.5 billion. morgan stanley believes that's the right number. --t makes it $48 and $.70 $48.70 a share. market volatility or volatility in the industry that uber operates in could delay an ipo, and it might not even happen. somebody could come in and acquire uber. this is further wealthiest clients, who can invest a minimum of 250 thousand dollars. is that typical? for bankamerica, one million dollars is the minimum. that's substantially higher. there may be some thought of maryland clients moving to morgan stanley because they -- merrill lynch clients moving to morgan stanley because they could invest in uber. is

billy market -- julie hyman at the markets desk.reating choice. ♪ betty: live from bloomberg headquarters in midtown manhattan, you are watching bloomberg television. let's check in with bloomberg first word news. vonnie: the world health organization estimates that can -- it is based on previous number of infection carried by mosquitoes. one of the key engineers in japan has quit over a grass scandal. he took report says money from a construction company in violation of a political funding law. hurt withation could upcoming elections. u.n. advisors say passenger plane should not carried shamans of lithium batteries. batteries can spark fires capable of destroying planes. can issue a ban. 30 years ago, tragedy truck -- struck america's space program. died arenauts who being honored at cape canaveral. in flint, the drinking water is contaminated with lead. they're going to raise money from business leaders and identify priorities. was anid flint once all-american industry. i'm vonnie quinn. turning now to the high-stakes world of hig

julie hyman has the

julie hyman has more.we are talking about retail, thanks in part to best buy and its numbers. domestic same-store sales in november and december were down by 1.2%. best buy is so reliant on the holiday season, so this seems to be a continuing secular trend of people not buying in best buy stores. it is also a reflective -- a reflection of waning demand for smartphones or at least it's waning cycle. those shares are taking a hit by 11%. gamestopee shares of the climbing to -- declining today. more and more gamers are migrating to online owning games rather than picking up cartridges at their local gamestop. we're also looking at sears -- they have confirmed they are going to close a handful of kmart stores by mid-april. this is more just a confirmation of some of the fierce struggles at its retail operations even as it spun off retail operations. onanother sector, supervalu the grocery store situs falling by 15% after third-quarter sales missed estimates. was downgraded as a result i analysts at deutsche ba

thank you so much, julie hyman. we will get to first word news this afternoon. mark crumpton has more. mark: thank you. a deadly explosion rocked an area popular with tourists. at least 10 people were killed and 15 wounded. turkish officials say it was likely caused by a suicide bomber. turkey has been cracking down on a number of groups, including the islamic state and kurds seeking independence. at least nine of the victims or seeking internationals. the fight against islamic state until the country. the problems come a day after an attack on the baghdad shopping mall. at least 17 were killed and it triggered a wave of retaliatory attacks. of worsent was posted to come. bowe bergdahl is back in military court today charged with desertion and misbehavior before the enemy for leaving his post in afghanistan. he has not entered a plea and must decide whether his trial will be heard by a jury or just a judge. president obama will deliver his final state of the union tonight, expected to lay out an and broadvision for

alix: thank you, julie hyman.will release the beige book analysis, a compilation of the economic conditions throughout the 12 federal districts. with me now is joe weisenthal. when is the number one thing you are looking for? joe: trying to see signs of inflation, the labor market. they go through each of the 12 fed districts and there is some anecdotal data. one thing we have seen in recent months is people talking about labor market tight thing, companies saying they have to pay higher wages to attract workers. it would be nice to see that trend continue and see some more solid evidence of it happening. the thing to bear in mind, this is very anecdotal data. alix: what about the dollar? it seems we can learn more about the impact of the dollar on stronger exports. joe: last month, they said broadway in new york, theater was hurting because foreign ticket buyers due to the dollar, not as many of them. thing to watch, what people are saying about the dollar, probably not good. alix: some of the rhetoric coming out

i'm mark hyman.3 throughout my life, i've inadvertently called a "ma'am" a "sir." and a "sir" a "ma'am." i've called my children by the wrong names. a few times, i've called one or more of them "sophie." sophie's our dog. mistakes happen. that's life.but make that mistake in new york city and you could be slapped with a 125,000-dollar fine. but only if the subject of the error is a transgender. or - as city officials refer to them - "gender non-conforming commission on human rights has released guidance on gender identity. it warns employers, . . . landlords, . . . business owners . . .and even the general public they could face astronomical fines if they violate any of the commission's political correctness rules.if the commission deems your behavior is intentional then fines skyrocket to 250,000-dollars. there's more.there's no limit to the amount of compensatory damages the commission may force the offender to pay.it's not just for referring to a "him" as a "her". other violations include failing to allow transgenders to use whatever bathroom or locker room they

david: thank you very much, julie hyman at the markets desk. let's check on the bloomberg first word news. mark crumpton as that. mark: the mexican attorney general's office says it will probably take at least a year or two extradite -- a year to to the unitedhapo states. sean penn is expressing no regrets about his secret visit to guzman. he was asked about images published in mexican news media him withar to show guzman. he said i have nothing to hide. the president of iran said cruel sanctions will still -- will soon end and the coming year will be one of economic revival. pope francis is calling for bold and creative strategies to help contain europe's migration crisis. francis says europe has the means and the responsibility to welcome refugees without sacrificing security or culture. he deplored the distinction made refugees fleeing persecution and migrants fleeing poverty. he said both are deserving of international protection. a protest by detroit cool teachers has closed more than half the cities schools. thousands of students were for

julie hyman has more.ie: joining me is the senior market strategist at trading advantage, joining me from the cboe. seems as though the rally has gained some traction today after a lot of bouncing around in the session. i wonder what you are seeing in the options market in terms of forward-looking here. what are people hedging out in terms of what we are seeing? that's a great question and what i'm seeing is some decent put buying in the s&p. volatility is off from what we saw last week but there's still some skepticism. there still a mentality to save the rally and try to take a little bit off the table. are not seeing the vix drop as much as we should have. we had the selloff yesterday but it seems like trading outside the early report, it seems like the market is just trending. the market gets back to trading ofthe fundamentals and some the economic reports rather than just following oil. with all the impending scuttlebutt out there that russia may cut production, if anything, we have seen a real turn o

first, julie hyman has the latest. julie: stocks are near the high for the session today, a friday where people want to belong into the weekend. it's been a rare occurrence. it looks like the second straight up week as well for the s&p 500. specifically all major averages seeing the high. if you look at the s&p over the course of the day, you have seen rather than the more dramatic volatility that we have seen lately, yesterday, for example we bounced between gains and losses, we'll bring much hung on to gains for the entire day. and built upon those gains. groups who at the are on the move. we have technology that has been leading gains throughout the day. helped in part by microsoft earnings and also the general bounceback in large technology, which has been suffering this year. it's a more broad-based rally, all of the groups in the s&p 500 are higher. consumer discretionary is the lag, amazon is in that index, not in the technology one. that accounts for the relative underperformance. industrial at number two. we b

eric hyman has stepped down as the athletics director at texas hyman resigned today after three and a half years with the aggies. he spent seven years with south carolina. under his watch....usc won two baseball national championships....he also hired

bloombergs julie hyman has the latest -- bloomberg's julie hyman has the latest. selling off on the news. julie: it has not been as dramatic a reaction. let's take a look at stocks. all three major averages are falling to their lows of the day, down pretty sharply here. if you look at the interpretations i have been seeing and hearing about on the past hour of bloomberg tv of the fed statement, there is nothing to warn of this kind of reaction. didal -- he said the fed not do anything that differently in this statement, aside from acknowledge what has been going on out in the world, but not really raise any sharp alarm bells. if you take a look at the intraday chart of the s&p 500, this move is even more stark. some vacillation when the statement came out. after unusual as people read through -- that's not unusual as people read through it. then, sharply lower. again, now falling to the lows of the session. interest rate expectation being priced into the fed funds futures, 21% chance of an increase at the march meeting. 30% ahead30%, 26% to of the statement coming

julie hyman is standing by.government industry report last night from the american petroleum institute and it looks like it will be bigger than anticipated. it came in at 8.4 million barrels -- about half of that is what analysts were anticipating. although the bloomberg survey of users found that there was a split between analysts and bloomberg users. we are seeing inventory in by 71,000s declining barrels, that is a bigger drop than was anticipated. bigger gaping at a in the gasoline inventory. declining by 4.1 million barrels. a little bit of a disconnect between crude and oil. the barrel does tend to take a little bit of time to shake out as investors look at the different data points to try to figure out oil prices. if you look at wti and brent, we have been seeing that decline. brent recently went positive. see, once again we are bouncing around. that has been one of the big market stories that we have been watching. it is down 16.5%. speaking of oil stocks, take a look at my bloomberg terminal. this third

that was julie hyman. more on that story, we have exclusive insight into that $51 billion deal. -- push for support on that deal. >> we support it because this is what you want a management team to be doing in an environment where oil prices are declining, making opportunistic acquisitions. the key thing is for the shareholders, substantially goodning -- you have access to natural gas assets in australia. you solve an awful lot of problems at a time where it is relatively cheap to do it. ultimately, the value of this deal is delivered over decades. so the stock price today or next week may not be the most relevant benchmark for it. but share market value over decades, with a business like this, that is why we support it. >> is this deal representative of what we will see later in 2016? >> we are seeing a number of deals with smaller companies but -- wene is gargantua's will see more of that. you will certainly see more where companies become distressed. barrel,shell is going to outlast competitors. the oth

julie hyman there. we will be watching these markets carefully, moment by moment. let's take a look at what else is happening with our first word headlines. vonnie quinn has more. vonnie: thank you. the start of voting is 17 days away. paul's are tightening. front-runners hug the spotlight in the debate. areles -- poles tightening. is raising concerns about the texas senators eligibility. trump: the democrats are going to bring a lawsuit. you have to have certainty. you cannot have a question. i can't agree with you. you cannot have a question. vonnie: ted cruz was born in canada. trump is pushing the issue because they are now and net. --neck and neck. the government wants to resume whether taxpayers will get fees based on mining companies. chicago activists are calling for a protest starting today after the release of another video showing a fatal shooting by police. the video was released after a court order. it shows a black teenager suspected of a carjacking in 2013. -- it shows a white office or tiny black teenager. officerows a white shooting a black teenage

hyman resigned today after three and a half years with the aggies. he spent seven years with south carolina. undd his watch....usc won two baseball national championships....he also hired basketball coaches dawn staley and frank martin. the carolina panthers are enjoying a bye week after wrapping up homefield advantage throughout the nfc playoffs. several of the players were at the comedy zone club in charlotte last night.they were there to support linebacker thomas davis having a fundraiser to benefit their thomas davis foundation, that supports young men in the community and tries to help keep them on a straight

we want to head to our markets desk with julie hyman. and losers, but we have to focus on the losers. julie: there are more losers by pretty wide margin. the worst performer and s&p 500 .s fossil interestingly enough the watchmaker is extended declines from 2015. fossil downgraded to a hold over at jefferies. analysts there saying the company has once been a near monopoly with an enviable portfolio of brands, but the company has been seeing increasing competition. it slowed dramatically from its once double-digit growth rate. overall, we are seeing watch sales slow. fossil has been a victim of that was shares down 5.6% today. underperformers today that is sort of fascinating to me has been copper and gold. the reason it has been fascinating is that this is a stock that has already plunged. copper is down once again because of what is going on with china. so it looks like it is once again a victim of that. take a look at my bloomberg terminal. it is argued in a huge underperformance for freeport-mcmoran. call this a one year plus one day

julie hyman has more on this rebound. julie: maybe.y moment we are seeing, particularly when you are looking at the nasdaq it that is the one where it will be down to the wire. today would have been the aids down day, should say. eighth down day, i should say. this is an extraordinary, all of volatility we have seen in several v-shapes as we go through the session. as i look at the bloomberg terminal, the waning minutes of the session, i just want to refresh and look at what are the up-and-down elements here. at&t, someon, for, of the gains that are contributing the most. we have the health care and energy stocks that are holding back any gains. apple, it is a rebound from recent days. amazon, similar action there. if you look at apple on the day, we are seeing a gain of 1.7%. a couple of analysts are saying buy after the recent weakness in the stocks, even if they are not necessarily a on the iphone prospects. -- not necessarily bullish on the iphone prospects. as you can see, closely mimicking that of the s&p 500. this recovery could

my guests, mark hyman, vice president of corporation relations horice cooperr and amichi for the taxayor's protection alliance. i want to show you a stat. look at this stat. look at the screen. look at this. what does it tell you? talk abbout that pain, mark. >> 18 trillion. trial now, gross domestic product 17.4 milon dollars, our national debt averaged 35% of gdp. it has been about 75%. it has taken lot of people a lot of effort to get us to this figure. in the last several years, our national debt has been 75% of the gdp. today over 100%. it is 106% of gdp. those are unsustainable numbers. the bill is going to come due. there will be a day where there are painful measures. early this year the president referred to mindless austerity. "new york times" called it painful austerity. we are not in a period of austerity. we are spending money frivolously. if we cut federal spending in half today, it would trust us back to the dark ages of 2002. not a difficult time when it came to spending. >> i want to echo this. we ought to be looking at 200% ratio of debt to gdp. here is the reality.

at first, all fingers pointed to another member of the apple comeback team, general counsel nancy hyman who certified the minutes of the phony board meeting. like anderson, she would settle with the s.e.c. without admitting or denying guilt. but her silence raised questions, would she have just decided on her own to fake a board meeting to enrich steve jobs? who wanted this done? >> as we've seen in the discussions of the past hour, i spent a lot of time trying to take care of people at apple. and to, you know, surprise and delight them with what a career at apple could be, could mean to them and their families. and i felt that the board wasn't really doing the same with me. >> right. >> so i was hurt, i suppose, would be the most accurate word. i'd been working, you know, four years, five years of my life, not seeing my family very much, and i just felt like there's nobody looking out for me here. >> right. okay. >> so i wanted them to do something. so we talked about it. >> no question that the directives came from him. yeah, when the s.e.c. investigated it was as if he was immune. >>

betty: julie hyman at the markets desk. courtney has more from our news desk. police in paris shooting and killing a man waving a butcher's and wearing a fake explosive device. he was tried to enter a police station. he was also carrying and islamic state flag. the incident happened exactly one year since terrorists attacked the offices of charlie abdo -- hebdo in paris. speculation islamic state is behind a devastating bomb attack in libya. the blast ripping through a .urning center for police today 60 police officers were killed. another 200 were wounded. shakenarthquakes have northwestern oklahoma. the magnitude 4.7 quake hit 20 miles northwest of fairview. oklahoma's quakes have been linked to the injection of wastewater underground from oil and gas production. regulators have ordered shutting down some of the wells. global news 24 hours a day powered by our 2400 journalists and more than 150 news bureaus around the world. betty: as we saw, china is burning through money. as it battles to support the chinese yuan. forex reserves tumbled by a record one $8 b

julie hyman has a check on the markets. bowles not doing so well.ie: a few stocks trading higher. the s&p has been bouncing around the lows and making lower lows as the session goes on. it makes an attempt to go a little bit higher and goes lower. that has been happening throughout the session, young as the session is. there are some stocks doing better today and i want to point that out. is rallying. wells fargo called it one of its top retail picks for the year. incidentally, the shares were down around 5% last year, so, recovering that in the first day of trading. gopro is another one of the underperformers from last year. fallen 75% since its ipo and it's even mentioned negatively over the weekend, saying that the stock would fall. nevertheless, we see that 2% rotation, not just from the good performance from last year, being sold today, but the contrary is true as well. gun stocks are doing well. rallying.sson president obama has been making more comments about gun regulation. he is supposed to meet with attorney general loretta lynch today to

alix: thank you, julie hyman. scarlet: let's get a check on the bloomberg first world -- first word news. mark: the world health organization estimates there million cases of see got in the americas over the next year. the estimates based on previous numbers of infections of dengue fever, also carried by mosquitoes. in beinguspected behind the birth of babies with abnormally small heads. the who called an emergency meeting to discuss the outbreak. the democratic presidential candidate senator bernie sanders says he is doing well among independents, but he says he doesn't think he can replicate president obama possible return out in 2008. he discussed the importance of voter turnout during the bloomberg politics breakfast in des moines, iowa. >> the punditry talks about young people being turned off from the political process, we are engaging a lot of young people, a lot of working-class people. if those folks come out on caucus night, i believe we will win. respect"ith all due will be live from des moines, iowa th

i want to head to the markets where julie hyman has the latest. julie: last week we have worst start to a year ever. like we weretially going to see a rebound from those losses, but that does not appear to be holding, at least at this moment. the s&p and the dow hanging onto very small games -- small gains. declining as even the european stock market continues to gain traction. take a look at my bloomberg terminal. i have the world market cap. this is an index that tracks it over the past year or so. had 4.5 trillion dollars from the value of global market caps. that does not include a decline we saw in china today. what is responsible for the deterioration today? you may see the defeat of oil once again. oil prices are taking another leg lower here. earlier in the morning, oil tried to make attempt -- make an attempt to ghigher. morgan stanley saying for brent prices they could get as low as $20 if you size spike in the u.s. dollar. betty: let's check in on the bloomberg first word news. vonnie: diplomats from four nations are aiming to bring pea

bloomberg's julie hyman has the latest on how we are trading here. julie: the big data point in the morning was your level goods. we are looking at a positive picture for u.s. stocks right now. we been vacillating between gains and losses, particularly poor the -- for the s&p and dow. you will see bouncing around between gains and losses. we have got energy stocks and tech higher. we can thank facebook for that. energy shares higher, health care lower. drag in terms of groups on the s&p 500. oil prices still hanging onto gains. if you look at oil prices, we're seeing them come off of their high but still hanging onto the gains of the session. coming off the highs but still gaining by about 3%, betty. betty: where energy stocks? julie: health care, the drag they're having to do with a couple of earnings reports. that company gave a first-quarter profit that trailed analysts' estimates, talking about the effect of currencies and that could persist. in addition, we have for techs. -- vertex. we are seeing this decline spread to other biotechnology pharm

i want to bring in julie hyman. here. know direction >> has been tougher for the markets to define that. we are back in the green again for the s&p 500. the dow and the nasdaq remained lower. we are seeing a mixed picture. look, defensive groups have taken over the top spots here. health care, typically, that reflects some trepidation about economic growth when you see that kind of pattern. doingre cyclical groups worse today, consumer discretionary on the list. there has been a little bouncing around even among the groups on the session. he does individual movers heavily weighted. apple and disney. apple, as we have been talking about, following a report from the nikkei. that the company was covering production of its iphone 6 over the next three months by as much as 30%. are saying now that star wars is out and people do not have that to look forward to anymore, the focus returns to espn and some of the other weaknesses disney see -- has been experiencing. low.: oil is still trading julie: an interesting trade yesterday

first, for more on the market turmoil, let's turn to julie hyman. it has been an interesting market trajectory. after the selloff in chinese stocks and circuit breakers were triggered that halted trading entirely, a sharply lower open was indicated. but when they finally open for trading, we saw declined half of what they are now that we have swung to the lows of the session. it has been a fascinating day. you will see the trajectory over the course of the day. that attempt at repairing the declines and falling once again to the lows of the session. that chinese regulators have suspended the circuit breakers, how far will they far -- how far will they fall? low, three or four days into the new year and stocks are down about 5%. julie: it looks like the worst start to the year for the s&p 500 since 1928. we are working on confirming that with standard & poor's. and it has been a global selloff. not just limited to the u.s. it seems to be infecting nearly everything. the ftse is down, nikkei is down, the dax is down and emerging markets have been hit

julie hyman has the latest on the new lows we are heading. julie: after we got the fed minutes, looked like we were going to see continuation of the selling that had been going on. the read of markets and seem to becausement was dovish fed members were concerned about global growth and inflation not getting up to the 2% target pace. all three averages are making new lows. headlines coming out from the nasdaq saying there is an issue affecting the cancellation of orders. the new orders not affected by this issue. update you on that situation and see if it is continuing or how broad the issue is. if you take a look at the three days we have had for the major averages, particularly the s&p 500, it looks like we are going to have one of the worst days since 2000. the decline for the s&p 500 is about 3.1%. in 2008, there was a 4% the klein. when we had -- 4% decline. , it ist it is persisting reflecting concerns about global growth and we are still talking about these concerns that are out there. groups in thee s&p 500 -- energy and materials lead

david: we have julie hyman.he demand going to be for the rest of the world? what i have here is crude production versus inventory. inventory is the white line. it has built and built and built. reduction has come down substantially. but there is still a huge gap, trajectory was, that we have been watching. something i want to point out is the level of inventory this year versus the past years. we are essentially more than 100 million barrels above where we took that we are at this time of year. lot of supply,a even if you are exporting. a lot of supply to work through, especially if we are in a slowing environment. jonathan: what is your response? robert: that is the reason why prices have fallen. inventories are higher and that in ordermention that for crude oil to bottom and then start to improve, and it will improve, we need to see u.s. production fault. it will happen in 2016, we believe. somewhere believe -- somewhere between 500,000-1,000,000 barrels this year. david: there you have it. that is robert thum

thank you, julie hyman.e are back with the economics professor from the university of chicago booth school of business. today, brent dropping below $30 since for the first time april 2000 four on speculation that iranian shipments will soon climb. how low can oil go and how much can companies withstand it? the joining randy is president of the american petroleum institute with us from washington. where isep wondering the stop? where are all the circuit breakers for oil? jack: i think the reality is with the energy renaissance here at ho, we have been able to produce much more in the market is taking that into consideration. term and asook long we look long term, we need to make sure u.s. policy does not in feed or hinder our ability to look for those opportunities because the global marketplace is going to be even more competitive. predict what the prices day to day or month to month, the united states is positioned to be a geopolitical or in the world from an energy production standpoint. to make sureg hard

julie hyman is watching the indexes. we came off of recession highs.looks like a safe we will be higher at the close. if you look at the major averages, the s&p was up more than 2%. it is now of 1.8%. .olding steady the question is how sustained will the rally be? take a look at oil prices. rebound has been the order of the day. instead of a fundamental change in sentiment driving the gains today. you are seeing oil prices up by about 2%. have beenhe big gains in energy and materials and commodity related stocks. exxon mobil rising today. chevron's rising today. at some was the only up stock in the industrial average. companies coming back after six straight days of losses. streak,quite a losing up 12% today. how about chipotle? that stock is rising once again. also just seeing a little bit of improvement in sentiment after the company presented at a conference this week. large tech technology coming back. a lot of weakness recently. taught these stocks had -- strong 2015's and then were falling in 2016. the rebound is not for everyone. gopro most nota

julie hyman has the latest and i want to get some reaction to that. julie: it seems to be that they are emphasizing what brendan talked about and concerns of dissent, that some fed officials were concerned, sort of they were on the fence about this rate increase and some of the concerns they talked about in terms of inflation not meeting the fed target as well as commodity prices in global growth. something that market participants have been concerned about the new as they have come back here in the new year. that's one of the things they have been filling up. working towards the lows of the session, were not quite there but in addition to that we are looking at -- if you look at the s&p 500 over the course of the day you can see what's happened here towards the lows of the session. not a dramatic reaction but it does usually take some time for people to go through the minutes. year there.e 10 it is dovish. , thewo-year, taking a look yield is moving lower, it's a bit more of a dramatic move in the two-year. gold prices, let's take a look at what's go

good evening, i am mark hyman, thank you for joining us. the iowa caucuseses won't b b until next month but tonight we talk about them. you have met in the introduction our expert panel of guests that will discuss the issue and we have a great audience that will ask questions. and as well as you at home, let's go ahead and get started. about gettttg o o questions answered. the first question is from the live audience, i would like you to respond with the applause. respond to this statement, the iowa caucus should continue as the first presidential process. for those voting yes, please [applause] those who believe no, please applaud. i guess that was a loaded question. and keeping in with the caucuses and standing in one corner of the room. and the same to our guests, if you believe that the caucus should remain, raise your hand. and sir, tell us who you and are >> pat hardy, from iowa city, iowa. >> your question. >> my question, over the years theaucuses have provided a great exposure for the candidates to be exposed nationally. and my que

julie hyman has been tracking the movements and equities.v-shaped m you thought there would be a big reaction in the markets after the big headline from today, but that hasn't been the case. take a look at the s&p 500 on an intraday basis. right now we are higher but it's been a rocky session. if you look at the intraday chart, you can see the bouncing around we have seen and the v that really bottoms around 11:30 a.m. a couple of different reads on a jobs report, but it may be that ing on it is overwhelming anything else happening around the world. take a look at my terminal. oil, energy is the worst-performing group today. counterbalancing that, to some extent, telecom and utilities, but more heavily weighted in the s&p is information technology. that has something to do with the gains we are seeing today with the big cap tech stocks. punctuatesf this this crazy week that we have had among all asset classes. wanted to check on a few of them to give a flavor for the week. s&p 500 down 4% for the week. it looks like it is going to be the wor

first let's go to the markets desk with julie hyman. julie: it has been a day of vacillating between gains and losses. right now, stocks are in the green. nasdaq has been meeting all day long, but over the course of the day, you see some volatility, a couple of dips, but then turning into recovery. indeed, investors have had a lot to weigh. earnings, economic data, looking ahead to tech earnings, looking ahead to tomorrow's gdp data. if you look on the earnings , the snapshot of the earnings season so far. the is the busiest day of season, we have about a third of companies reporting in the s&p 500. 50% of companies that have beat the estimates on sales. 80% when it comes to earnings. growth, looking at sales for s&p 500 companies, and average decline in stale's -- sales of 1.6%,. %. david: i imagine investors are still it digesting the numbers we got from facebook. julie: definitely seeing that stock reaction. looking at the euro there, but if you look at facebook -- i can tell you what it has done because we do not have the graphic. f