we have our own jo ling kent live at the nasdaq. that is where we want to start, jo ling. what really started this off? liz and i were saying it wasn't the jobs numbers or didn't appear to be. >> we had a nice jobs number this morning, not so bad but it didn't quite meet expectations. a lot of stocks selling off a cross a lot of different sectors. the only sector with safety and green arrows were utility stocks. facebook, whole foods, tesla, all kinds of different stocks. not just traditional tech and social media and biotech stocks, sinking today across the board. a lot of investors telling me it was not jobs report. can the tech stocks hold the profit and hit all-time highs they have been hitting last couple of years. disappointing numbers out of nasdaq today. liz: dan, stock losses triggered quite a wave of selling. did you see big momentum, gigantic institutional trades coming through, program trades. >> you probably saw a little bit of that but i didn't eanything earth shafterring that -- earth shattering that has shaken my confidence. we had expectations on unemploym

i get over to jo ling kent where a lot of pain has been to blame. nasdaq trading lower but better than yesterday, right, jo? >> yeah but we're swinging back and forth, sitting on a seesaw at nasdaq today. we saw the biotech index actually touch bear market territory. right now we actually recovered a little bit today but right now sinking back towards that bear market territory. look at gilead sciences. they have actually recovered of all the biotechs, doing very well today. we're also looking at some of the worst performers. fasinol, intuitive surgical, broadcom, sandisk, amazon. this is the scene of the crime in terms of all the indices. melissa: thanks very much, jo. i want to bring my whole panel back in. jared, the next two hours trading into the close, it's meaningful in terms of what people talk about over the weekend and how they feel about going into trading next week, isn't it? >> it is extremely meaningful. funny you bring it up, one of the earliest trading algorithms i wrote, that volume carries in the last who have hour of trading and c

thank you, jo spend ling, thank you, nicole. we want to get to samsung.new galaxy s5. a fingerprint sensor, a much bigger screen -- bigger than the iphone -- water technology. we could drop this in the toilet. don't laugh, you know you've done it. there was so much hype surrounding the lawn launch which went on sale today, depending on what kind of features you have, it's $199 to start, could be as high as $299. so far reviews, lukewarm at best. did samsung miss some type of opportunity? what does a company need to do to beat competitors like apple and don't count out htc? joining me now ivs senior analyst and pete, i get to you first. the lukewarm review came from you. >> yeah, yeah, i wasn't too excited about the galaxy s5. i think it's actually, you know, don't get me wrong, it's a great android phone, a great example, but, i mean, some of the competitors are just better in terms of either design and overall experience -- liz: let's show it. >> okay, well, here it is. liz: tell me what's not so great. >> one of the features that's being touted is the f

jo ling kent at nasdaq. we've got you covered. let's start with jo ling. >> we're seeing a bloody scene here at nasdaq. it was worst performer of the day. look at some stocks that did not farewell. down more than 4%. vertex, bed, bath & beyond, trip advisor. the only stock to hold any sort of water, c.h. robinson, fared fairly well up more than a percent, keeping it together. the nasdaq created this problem and sustaining it. for the first time in a few days we've seen a slide, this two-year low of a slide. we've seen across the board momentum stocks, tech stocks, biotech stocks, all headed in the same direction. and that was down. david: chris, i want to do a little forensics here and find out what the trigger is. we know the motive, generally speaking a lot of people were taking profits off the table. what was really the trigger? was it china? they had terrible numbers on both experts and imports. earnings jitters. folks want to take jitters before earnings come back. a good jobs report. perhaps the fed. means the fed will conti

and jo ling kent is live at the nasdaq. jo, i want to start with you because i'm curious whether you saw any bargain hunters at all or was everybody selling? >> everybody was selling all the way through the end, dave. we ended here at nasdaq just below the 4,000 mark. some of the biggest losers we would like to show you, directv, biogen, trip advisor, intuitive, vertex pharma, ending solidly in the end. there were some winners. sir rum xm radio. gilead sciences turning around a pretty bad couple of days and one of the few biotechs actually doing well here. as you know we've been discussing past couple years, biotech, nasdaq index down solidly. now in a bear market. liz: you know the headlines, everybody, are going to read that the nasdaq closed below 4,000. that alan knuckman, the 30-year started to jump to its session highs right at the top of the 3:00 p.m. eastern hour. let's talk about the sentiment in the pits and what you think is really happening. this is an awfully strange week, where in the middle of the week we had

i want to bring in jo ling kent. she is live at the nasdaq where a lot of the action is going on. jo, we have seven ipos are supposed to price all over the place overnight tonight. this is tough market, right? >> this is a tough market. not just health care and biotech companies, hitting, 54 health care stocks are actually down right now, all of them but if you look at the other tech stocks, we would like to show awe few of them, tesla, yahoo!, facebook, netflix, all not doing very well. we're looking at a broader selloff more so than we saw last friday when we were reporting on this the nasdaq being down 2.5% as you mentioned earlier. some of the worst in a couple of years. biotech just dragging this entire index down and certainly not helping the tech stocks that were actually recovering yesterday. melissa: scott, ally financial going public today, not doing what they had hoped and seven ipos looking to price tonight. what would you do if you were in their shoes? would you try to pull at this point? >> i don't know if you pull -- exactly. it's a tough tape. you noted it. when the

let's bring in jo ling kent.ames like general motors and ford took decades to get into china. >> that is right, liz. i just spoke with them on the phone. they are telling elon musk ton potential buyers a tech conference he expects to make the vehicles in the next three to four years. live in the first model s sedan in person in beijing tomorrow, just a few hours from now. and travels to shanghai where he will hold another tesla event for potential chinese buyers. china a huge priority for the billionaire ceo. he said he plans to make a big investment in the charging infrastructure throughout the country. one of the largest oil refiners in china. while the potential of the chinese luxury market actually is very big, the real numbers are not so encouraging so far. the chinese government issued a target to sell 500,000 electric or hybrid vehicles. but according to news china magazine, the government is still 480,000 vehicles short of hitting that target. with all of the solutions, the chinese could use cleaner cars,

jo ling kent is at the nasdaq. >> melissa, nasdaq is down almost 2 1/2% right now, not doing too well. the big dragging stocks of the day so far, biotechs. take a look. couple of these are down quite a lot, over 10%. social media stocks, facebook down, twitter down, linkedin, yelp is also down. we're looking basically at a lot of momentum stocks that hit highs earlier last year. investors clearly a little bit skiddish wondering if this is the safe place to be. bond are doing all right. the only sector in the green, is utilities, clearly a safe place for investors. melissa, back to you. melissa: jo, thanks so much. for a different type of fat cat. bond king bill gross dedicated to his most recent investment letter, to his dead cat bob. think about it for a second. has he lost it. charlie gasparino and peter morici are back. we talked about bill gross lately. stats are staggering. 11 straight months of the outflows. his performance lagged 95% of the hess peers. in the midst of all this turmoil he dedicates his most recent letter to his dead cat. charlie. >> we think dr. keith ablow here

jo ling kent at the nasdaq along with the cme group and the nymex.et's get to you first because this hit of 120 points is alarming again because it comes on a big win yesterday but tacked on with a couple of losses earlier this week. >> if you look at the entire nasdaq 100, the breakdown, we have been talking about this the last five or so trading days. now if you look at the nasdaq 100, all of them are in the red, all of them are negative except for one. transportation company, and they are doing well because the transports are the only index doing well for the year so far. overall we have seen a slide lasting 10 or 15 minutes now. the nasdaq down 2.9%. liz: ch robberson up, they are the transports down 146 points at the moment. little surprising down 2% because they have been some winners the past couple of months but what is at the heart of this? very nice first-time jobless claim numbers which looks like there was traveling 300,000 line, which is very low. early data out of china, i am wondering if this is the heart of the real problem today with

charlie gasparino and matt mccall and jo ling kent. jo, i know you're all over this face backstory.hey're getting into financial transactions. a lot of people don't know they make 10% of their revenue in financial transactions. >> facebook is weeks away from doing mobile payments and store money on facebook. they would be able to create their kind of their own currency. facebook is not commenting to fox business about the story right now but it is a possibility for them to become more like paypal and give themselves a whole new revenue stream. melissa: does it make sense to you guys? >> i like it. so many people are connected on facebook. if somebody wants to move money from new york to somebody in emerging market they can move their money via facebook and somewhere it moves in the future. >> there is a lot of new information for facebook to collect. there is privacy play. what they do they get all of the information and specialize it and send it to advertisers, this is what they're buying. this is what they're not buying. this is what catches. melissa: i was shocked by the stat. ch

jo ling kent standby in case we see a further step down. google tv kind of failed, but now according to a very hot tech website, google is set to launch anandroid tv. and there is news yahoo has plans for streaming original content. are they too late? the battle to own your living room has never been more competitive or intense. who is in the driver seat? you, with the wallet. but are there stocks you can play with this battle? and imagine being ready to tell your boss i'm out, i'm retiring way to find close to 40% of your retirement fund has been eaten up by hidden fees. this happens a lot, more than you know. could be happening to you right now, but we have the company that will help you find these hidden fees. cinch them, destroy them. wait until you hear the so-called robin hood of retirement account. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves

jo ling look at you laughing at the death of a cat. is this a win-win situation? think they are empowered by being naked and men get to see their classmates naked. >> it is how you define power. i think it is interesting. it is clearly speech, but you are object tau fying women in a certain way. but then again you don't see that many modern art installations of random, naked guys. i'm looking at this wondering where the equalibrium is. but good for them. >> there is the national john travolta museum. >> that exists? >> i have been there twice. >> that's a metaphor. joanne, why are you still talking? can women celebrate their bodies if men are ogling them? >> yes. what they are trying to achieve can be done by putting these women in burlap sacks. if what you are saying is you want to take away the problems with body image that women are having and feeling object tau fight, then why do you have to be nude? you can do that a and show the human body working out or doing other forms of -- that doesn't make a point though. >> what the name of the art show, the incredibl

joining me fox business's own jo ling kent., this is an aggressive, ratting out your neighbors. >> essentially housing activists in san francisco saying people who rent apartments and live in certain neighborhoods don't want them to turn into hotels. they're essential proposing idea they are taxed 30% if they rat someone out and of the back taxes or fines that are paid. 30%. the person who i guess the snitch person will receive that money. melissa: yeah. >> but it is not happening yet. this is a proposal. it is getting a lot of attention. airbnb themselves saying we don't support this because a lot of people -- melissa: that is shocking they don't support this. airbnb says, this proposal will make it even harder for san francisco to make ends meet. more than half of airbnb hosts in san francisco use money they earn to pay mortgage and rent. poor airbnb. charlie what do you think about this? would you rat on your neighbor. >> no. but i don't answer the door when the census guy comes. melissa: i don't know how that is related but

jo ling kent has more on this. >> he is there in china because he wants to capture more of the luxurye is their rights now in beijing. he goes to shanghai to do more of that. he has told the chinese community at this tech conference that he would be building factories in china in the next three to four years so he wants to grow aggressively. a tesla model s costs $120,000, so we are not going, he is not going the middle market. it is a very niche market. if you look at how hybrid and electric cars have been sold in the past, chinese government had a target to sell 500,000 electric cars. it is a pretty related firm.t they may do a little bit better than the chinese printers have done. melissa: out asking everything in a hole in the air works. what is this button, what does this do? we don't need any extra incentives to order dominoes. but in case you do, the company is now offering free specialty chicken if you pay with your google wallet. it sounds like a decent deal until you realize google could be making a fortune off of your personal spending habits in exchange for chicken wings.

jo ling kent is all this for us. >> melissa, china's answer to twitter, up nicely up about 33% right now. and it is growing. but this company post ad net loss last year. it has about 144 million monthly active users, actively being censored on a lost controversial topics especially politics and the economy. this led to a drop-off in user growth and to what is much like what's app. the success for weibo, has twitter was blocked in china. week bow launched in 2009. this was about the time twitter was going mainstream. looking at the numbers on monday, weibo said 2014 first quarter revenue grew 161% from a year ago. so good news on that front. their ipo coming during a month-long pull back in stock prices for chinese tech companies and internet stocks. twitter shares has fallen about 18% since its high in march. nasdaq is down 6.5% from all-time highs but weibo looking like it is a bellwether for other tech companies like alibaba. melissa: jo, thank you so much. i don't know if you can put the chart how it is done today. what is your reaction to this? they didn't put out as much shares

jo ling kent at the exchange with more. another tough day. look at that chart. >> i'm here at the nasdaq. we're down about 1.6%, 1.5%. taking a look at momentum stocks it is clear investors are not letting go, basically letting these stocks slide on down. the biggest losers we have, dish, down about 6% when we last checked. trip advisor down almost the same, 5.8%. baidu down, tesla not faring too well ire, 3.5%. we're looking at underlying weaknesses in these momentum stocks. a lot of investors concerned they continue with profit generating or productive as they were off the highs we saw last year and the year before, melissa, jo, you talked to a lot of tech people during the day and there was concern whether this would continue today. what is sentiment like? >> there are certain analysts i spoke to very early before the markets opened thought it would be a better day on nasdaq. we're not looking at bad as of a day on friday. we're looking at worst in two years. other analysts over lunchtime feeling a little more bearish about some of these s

fox business's jo ling kent, she has more on this. who are they taking aim at? >> adam, the secret service first of all nearing its investigation of target's massive data breach last year. as this is happening the big red retailer rolling out a new shopping experience to lure customers back and take aim at amazon. target is changing subscription program to allow orders online with regularly scheduled delivery all for free. target announced it is adding 1600 new items from household products to office supplies to makeup and coffee. the minneapolis based retailer is trying to attract customers 5% off across the board of products plus free shipping and free returns, similar to amazon prime. again this is going to be free. this move comes after it launch ad baby supplies prescription last fall according to executives they kel tell ap that has been driven by very strong demand. target recently started online ordering ordering with a store pickup option, adam. that generates 10% of target's online business of the really target is late to this game as well. sears and w

fox business' jo ling kent is here with more, and james is back with us also. big deal, right, jo? >> yeah, it is. they've been there since the 1950s, they're moving 5900 workers to -- 5300 workers to texas because of the better deals there. melissa: yeah. you would think we were talking in the break that this is happening all around the country, big and small. you yourself were lured to connecticut from new york. we have the same problems as california. >> yes. we have high taxes, high cost of living and high reg, but as businesses look to expand and grow, you do look for states that are going to be more business-friendly, and for us, our expansion, connecticut had by far the best proposal. melissa: jo, the list goes on and on. this is the latest and biggest one, but there are 50 companies that have moved just in the past, i mean since july of 20123. some of the big names, occidental, legal zoom, ebay, google, visa. this is a big deal. >> yeah, it really is, actually. california leaving, petco, raytheon, all these different companies going for a variety of reas

we've also got jo ling kent at the nasdaq, nicole at the nyse. what happened here?ow also that we have ethanol contracts which have been halted too down at the cme. >> yeah. so we did see some technical difficulties. anytime you're working off these electronic platforms, you'll see these types of developments occur. it's not so frequent, but they do tend to happen. you did see the grain markets, they were all closed. now, you have to close the ethanol contract because, remember, ethanol is arrived from valuations this the corn market, so if corn isn't trading, then it's going to be a problem -- liz: okay, wait, can you clarify here? what is trading? >> you know, right now we've got all those markets are closed. i mean, they'll reopen later on just for, you know, settlement, and they're using the human aspect to settle all the prices. but otherwise we've shifted, now we're watching the interest rate, the s&p 500 -- liz: okay, let me just say, phil, let's clarify. i've got corn, it was up 1.5%, that was before it closed. soy beeps up 1 -- soybeans up 1.25%, oats about

here with the details, jo ling kent. about this. >> reporter: essentially, there was an explorer on versions 6 through 11, so the computer emergency response team coming forward and saying, look, please don't use these, use an alternative until that's closed because the security breach actually allows hackers under the team of operation clandestine fox -- which is the name of it -- [laughter] to impersonate you or impersonate the company that has access to a networked computer. so it is a pretty serious -- gerri: who's going to get hurt with this though? is it companies? is it individuals? >> it's both. and, in fact, if you run in windows xp which a large majority of computers still do -- gerri: the one that's in front of me. >> yes. you actually can't get it fixed, and that's the problem. microsoft earlier this month decided to stop servicing windows xp. so that's the real problem here. they usually issue security patches the first tuesday of every month, so microsoft -- that's known as patch tuesday, so when they put o

liz: our own jo ling kent has more on the story. we all use it, right? >> that's right, liz, dave. security to avoid internet explorer 6 through 11 as microsoft rushes to fix through a security flaw. they said it comes from a hakam pain targeting u.s. financial and defense companies called operation clandestine fox. microsoft explains the situation, quote, an attacker who successfully exploited this vulnerability could gain the same user rights as the current user some essentially, hackers tend to impersonate you. no specific group has been blamed for the problem yet. it does not appear to be widespread. according to security firm fireeye, internet explorer makes up 26% of the browser market globally. microsoft is investigating issue and they pull out a patch to fix it soon of the company usually releases security patches the first tuesday of the month that could be a soon as next tuesday, may 6th. but for those who are running windows xp, they're out of luck. microsoft stopped serving the 13-year-old operating system earlier this month. according to reuters, between 15 and 25% of

and as jo ling mentioned, jd.com, that's a win for the nasdaq. that's another chinese internet ipo.this sounds familiar. 1999, right? stocks fighting to stay on track for a positive week. okay, so it's been, you know, fluctuation nation when you talk about the dow jones industrials today. we're back in green territory but, again, trying to fight for a positive week overall. morgan stanley and goldman sachs, the latest big financial names to report earnings. morgan stanley shares moving higher about 3%, goldman sachs a little more tempered, both of them had pretty interesting strengths. goldman's stock fell quarterly profits at least about 11% partly on fixed income. charlie gasparino warned you about that months ago, but earnings were still better than expected. want to bring in the traders, new york stock exchange, cme group and the nymex. teddy, just a couple of days ago you were really concerned, and rightly so, about whether the market could hold on to gains going into the close. we saw it for three days straight, first time we've seen that in two months, but today it's a little

david: jo ling kent was there and was asked if they're concerned about being in a tech bubble. >> it. 10,000 people, more than $20 billion of investment dollars in play. that is not even including the angel investors. they're vying to create the next big company in silicon alley. last year companies hired for nearly a thousand jobs. this year one of the main topics of conversation from booth to booth is the potential tech bubble. are we in one? where is the money flowing. should investors be concerned. here is what they said. think you will get a lot of different answers. >> a lot of companies here are building companies. they're not just building tech bubble companies. they're not building something right away, building companies that help serve a purpose. >> i think we're seeing real companies created today. nor the first time people make real bookings on web and mobile. they're spending real money for services. >> that is why a lot of companies are raising money. uncertainty about the macro environment. but no one knows i think quite yet yet what will happen. >> overall new york t

i have to go to jo ling kent. we have raking is on amazon. >> hey, stuart.mazon unveiling the kindle, the amazon fire tv, excuse me. a lot of people were expecting a dongle. it is a very thin box. three times faster than the roku and apple tv box. it has dual band and th dual wii for faster downloading speeds, so again this is a set-top box. we may be able to show you an image of it. some other information, two gigs of ram on this, has wi-fi built in. there is a remote that was the remote problem a lot of the roku and apple tv have. very interesting obviously amazon trying to take advantage of what is expected to be 10 million prime subscribers plus they wants to compete with apple tv. this particular device, the fire tv is a bit smaller than the apple tv and looking at roku, roku revealed the streaming stick and this is a divergent, a different step from that. interesting developments. the device will be available right away. no word on the pricing right now but we will be sure to bring you that later on. stuart: interesting stuff indeed. amazon within a pr