i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. after losing nearly 500 points on monday and tuesday we get a bounce in the u.s. markets, not only for equities but oil, wti bounced a little bit today. >> a couple of factors contributing to the rebound in the market today. >> minutes were what we would expect but you had decent jobs number this morning from the adp. and the retail sales, some of them pretty good. jcpenney especially. that stock is very strong today on better than expected holiday sales. >> we certainly are. we have had a down couple of days for the market and set up perhaps for a spring back and surprising to see the resilience today, not more of a flight to safety bid after the tragic shootings in paris this morning and, in fact on that note as we keep an eye on that horrible terrorist attack on the magazine that previously ran the cartoons of mohammed the president and much of the world condemning the barbaric murders. we'll get you the latest as the attackers are at large. >> at this hour i think pictures out of

good too see you both. >> welcome. >> kelly evans, how are you?yes, everybody come back together from "the wall street journal." >> yes. >> it's been a novelty. it's made big headlines around the world, but it's been dismissed as merely a temporary situation, but you guys seem to be suggesting we're in this for the long haul with some kind of a cryptocurrency. >> the way we came together is we sit eight feet away from each other and we'd write about this and talk about it all day and we were doubters too, when we first started. first time someone suggested we should write about, it i thought, no, i thought the same thing. it's a scam, a flash in the pan. >> i really expected you to be a hater, paul. >> you would, because i'm such a luddite, right? >> no it seems like the volatility in the price of bitcoin -- it's collapsed this year. why do you think long term it will be viable. >> the more we wrote about it and the more we talked about it the more we started pondering it and mulling it. you really do start to see it, there is something here. that

second hour of "the closing bell" coming up with kelly evans. tomorrow kelly. >> thank you, bill. welcome to "the closing bell." i'm kelly evans at the new york stoke where it looks like the dow is managing to finish in positive territory, although just. it's up 4 points or so at the bell. the s&p adding 3 points. a little stronger session there to a level of 2222. the nasdaq up about 20 almost half a percent, but certainly a mixed day across the street. some pressure from some key dow components. by the way, some big components including ibm due to report in just a couple minutes' time. joining the panel for the hour we have cnbc contributor carol roth along with sharon epperson. welcome. also with us for more on today's market action and the earnings set set to hear from ibm and netflix, guy adami. hi guy, and david nelson from bell point asset management. welcome to everybody. carol, i'm going to start with you on the market here. it's been kind of a rough session out of the gate in january but it's interesting because at the same time we have

i'm kelly evans. another tough session on wall street.oint in the last hour the dow down less than 50 points and might be positive. not the case on the close. the dow, another triple digit decline. off 133. i bring that up because if we had back to back decline of 1% on the index, it is more significant from a historical point of view. the s&p giving up 18 points. nasdaq, underperformer despite the stronger moves there from the likes of alibaba. talking about that. joining me now in the panel, carol roth dan greenhouse and sharon epperson. also with us with more on the market is tim seymour. dan, how serious is the fact we've kicked the world off on a down note? >> the year really starts as bad as we have seen this year quite infrequently going back 30 40 years and i think you go out today at about 2,002, well off the highs, sentiment deteriorated and everybody's trying to figure out what's going on. i'm not jumping on the most bearish bandwagon and people talking about whether or not the u.s. on the verge of a recession and other sort of

that's coming up next on the second hour of "the closing bell" for this friday with kelly evans and companyank you, bill. welcome to "the closing bell" on this friday everybody. i'm kelly evans. very volatile week on wall street. all five day this is week triple digit moves in the dow. monday and tuesday big down days. wednesday and thursday up big. today looks like the dow going without a decline of about 165 points. that's selling pressure art cashin told us about slowed up on the close. we are in the red for the week on all the major indexes. s&p giving up 17 points here. nads dak off 32 to 4704. let's get right to it. joining me is today's panel. stephen brill is here. you'll be hearing about this book and so happy to have you here. and with us is sara eisen and stephen newmark and guy adami. congrats again. eight years yesterday. >> can you believe that? >> original cast member. >> can you believe that? i saw some videos of like the early screen tests we did in '05 and '06. i was handsome back then. now not so much. >> we don't know what happened. i kid. i love you. >> you haven't aged

you will see him later coming up here on the second hour of "the closing bell" with kelly evans. tomorrow, kelly. >>> thank you, bill. welcome to "the closing bell," everybody. i'm kelly evans. what a tuesday we have just had. a day of huge swings on wall street. we'll put them into perspective for you. let's start out with a look at the dow. you can see the sharp rally we had at the open up almost 282 points. we gave that back as we headed into the close. it was around about just before 2:00 p.m. eastern we did, in fact, turn negative. we were off i believe more than 100 points. we fought our way back trying to close positive but it looks like we're going out here and the numbers are moving around a little bit. the dow off almost 30 points. as for the other major indexes, the s&p 500 is giving up five points. the nasdaq is off three into the close. we'll talk about the whys and the where we goes froms from here. joining me now is david zer bows from jeffries. welcome back. cnbc contributor carol roth with sharon epperson. and with us for more on today's market action is "fast mo

here is the second hour of "the closing bell" with kelly evans right now. one, kelly. >>> thank you, bill. welcome to "the closing bell," everybody. i'm kelly evans and that's it, we're closing out the week and what a week it's been across the week. today's rally pretty interesting. the dow finishing up with a 200 point gain. only a couple names in the red. we'll get to those in a moment. joining me is nicholas carlson. we have kevin o'leary, also joining us our very own robert frank. joining us for more on today's market action and the move in the swiss franc also "fast money" trader brian kelly. brian, welcome to you. are you surprised we finished out as strong as we did this week? >> i'm surprised at how strong we were today absolutely. i don't think we've probably seen everything that's come out of this swiss franc action. we know when currency prices break, other things break. i think there's more to come. i was surprised how strong it was today. i guess if i had to blame it on something, i'd blame it on options expiration and perhaps people just lettin

i'm kelly evans.t has been not just on wall street but in financial markets around the world. let's begin with where we're finishing, looks like the dow going out with another triple digit move and decline. going out with a minus of 102, or about 0.6%. that makes it the outperformer of the big three today. the s&p gave up almost 1%. look at that. closing at 1992 going towards those lows from a couple sessions ago. the nasdaq meanwhile off 1.5% and as you heard, we are waiting for earnings from intel in just a couple minutes. in the meantime bring in today's panel, joining me now, walter isaacson from the aspen institute and author of "the innovators how a group of hackers geniuses and geeks created the digital revolution" and with us jon fortt, and cnbc contributor john najarian. welcome to you both. for more on today's market action tim seymour joining the conversation as well. welcome, welcome. jon fortt, what's going on with the nasdaq today? >> you know maybe it's the best buy fumes, right, becaus

i'm kelly evans at the new york stock exchange. >> and i'm bill griffeth. year, we're at the stock exchange but we're talking oil right now because that is what's pressuring the stock market today, down 5% on wti for the u.s. crude contract. it's even more of a decline for brent north sea crude. >> you're looking at the price of just under $46. if you're wondering what's hitting the stock market today well, pretty much look no further than this gauge. >> some of this the result of a forecast by goldman sachs today cutting its forecast on the price and that added some of the momentum there, and by the way, we're still getting a lot of photographs from you folks around the country of what you're paying for gasoline. i saw the lowest price today coming in once again from oklahoma city. they're paying $1.55 right now. >> not too shabby. and so the debate about whether this should ultimately be a good thing for the u.s. committee continues. >> yes, it does. jo and meanwhile, if you are a regular watcher of cnbc there's a good chance this man wants to hilt you wi

i'm kelly evans.spect -- i'm bill griffeth, by the way. i suspect that that picture, that's times square. that's 50, 60 blocks north of where we are right now. you give that several more hours, you won't be able to see that. >> it's only been a couple hours since that snow has started. we haven't seen anything yet. >> not yet. so we're told. snowmageddon snowpocalypse, whatever, a blizzard. if you haven't heard by now it's coming this way and it will affect tens of millions of people. we are live at major airports with thousands of flights already canceled at this hour. a state of emergency has been declared in new jersey in new york. i haven't heard if connecticut has but they should. >> connecticut they have shut down the major roads, major highway transportation starting at -- anywhere from 7:00 to 8:00 to 9:00 p.m. this is one of the biggest pre-emptive moves we've seen for a storm. obviously if it doesn't pan out there will be a lot of guffawing. but you can't take too many precautions with the w

i'm kelly evans and here is how we're finishing another tumultuous session. day of 200-point moves. we're finishing with the dow moving 41. the nasdaq up half a percent or nine points bolstered as we mentioned by netflix. strong performance there. the nasdaq up a quarter of a percent. 12 points for its part. let's get to it as we wait for some key earnings with today's panel. cnbc contributor jimmy is here. home with kayla tausche and cnbc contributor jon najarian. we have to talk about the patriots. >> yes. >> first for more on today's market action it's brian kelly. steve grasso is joining us shortly off the floor. i don't know where to start. nobody has talked about the state of the union. i know we're supposed to start with markets a little bit. is there an impact there we're overlooking do you think? >> listen the president had a lot to say, a lot to say about cutting taxes, especially a lot to say about raising taxes on investors. i don't think you're seeing a market reaction because nobody believes it's going to happen. nobody believes they will take u

the second hour of "the closing bell" with kelly evans and company.ou tomorrow, kel. >>> thank you, bill. hi, everybody, welcome to the closing bell. i'm kelly evans and here is how we're finishing a wild ride on wall street. going out with the dow off 187 points, the s&p off 11 and the nasdaq off 22. so 1% decline for the dow, about half of that for the nasdaq and the s&p. and certainly declines in jpmorgan after those earnings results played a role in the underperformance of the big dow index. let's bring in today's panel, talk about that. the moves in oil prices and so much more. rick edelman is here. cnbc contributor stephanie link and our very own michelle caruso-cabrera. also joining us for more on today's market action is "fast money" trader guy adami. guy, you get to do the honors here because this is a guy world and we're all living in it. >> i hope it's not a guy -- man, that is scary as can be. now all of a sudden you see a lot of people you see some fed governors talking about it obviously over in europe people talking about this global de

i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. mixed day for stocks to close out another pretty good week for investors and there's another theme in our business world taking up a lot of oxygen right now. that would be currency wars. sort of a race to the bottom right now as it were. some huge moves in the euro again amid the moves in global central banks. all that affecting your money and we'll get into all that. >> today not a strong day for the markets after yesterday's bounce back. but box has been the big story here. that ipo pricing at $14 last night. but right now you cannot get it for that price because you can see there it's up to almost 24 bucks on the session. a huge move day one for the cloud company despite vocal skeptics. >> they're questioning their profitability. this feels like the debates we were having back in the '90s during the dotcom boom. i'm not saying that's the case here, but off booming ipo with people wonder wrg is the money right now. another bombshell from the president's tax plan. president obama wan

welcome to the "closing bell", everybody, i'm kelly evans.ssion we just had on wall street. been a roller coaster so far this year all of those, what four or five sessions we have had now the dow going out with a begin of 320 points. the nasdaq going out of 85 the s & p, adding 36 points, games 1.8% across the board. get right to it with today's panel, joining me my guests. kenny polcari will be joining us from o'neil securities for more on today's trading session. knee jerk thoughts you guys here as to what this is all about. is it oil, the ten year? what's driving the sudden optimism? >> so interesting pause we ended the year on a high and we had oil at this low level and things seemed to be pretty optimistic. we have had quite a volatile start and as of today, we are just about out zero with jobs numbers starting first thing in the morning. so i think this is going to be a really important start for us. >> a really volatile ride this year. what we have noticed is over the past very short term crude oil and the s and p futures really tracke

i'm kayla tausche in for kelly evans. triple digit gain early on in the session evaporating after we got some nasty data out of factory orders and construction spnd spending weaker than expected. as we saw volatile day for oil, bill, as well. >> one of the days where bad news was bad news. you could have argued once an upon you could have said bad news would mean that the fed would delay raising interest rates and the market rally on that. that didn't happen today. and you wonder if that's the kind of action we will see going into 2015 here if suddenly now bad news is bad news and vice versa. >> volatility bill seems to be here to stay. >> yes, ma'am. it is. we'll talk about that. the volatility index is moving up as well today. there's the dow up 120 as kayla was mentioning. down about 99 points at the apex of the day. the low of the day. now down 30 into the final hour of trading and the volatility index. made a liar out of me. down to 1831 and rather elevated level when you consider the rest of the market has been doin

i'm kelly evans with bill griffeth. hello there. >> happy new year. >> not a happy day on the stock market. the dow off 350. >> started this morning, european markets with a big hit. concerns of greece. the german market down about 3%. oil dipping below $50. that's been a bad thing for equities today. so sort of a double whammy for u.s. equities and we are at this point at this moment the dow's down about 3.3% from its most recent peak. the nasdaq the russell, the s&p all down a like amount right now. >> lots of key levels to watch today. the fact below $50 in wti crude, some of what's happening in the rate space and waiting to talk about that but again we're starting off the year in a trading session that people love to extrapolate for moves from here on a weak note. >> it goes without saying this final hour will be very instructive. do they start to buy on the dips? they haven't yet. or do we get even more selling come into the picture in this final hour? >> as mentioned, as we get into this final hour underway here t

i'm kelly evans at the new york stock exchange. >> we've had quite a day.his last hour instructive. very volatile day. looked like a bounce from yesterday. but then it fell on -- we had a really climatic kind of selloff and a flight to safety. and now we have come back again. >> right. that's -- earlier today looked like giving up 500 points in 2 sessions on the dow and coming back. an interesting thing to watch perhaps is 1% range on the dow if we have a decline there. it would be more unusual for

i'm kelly evans at the new york stock exchange. will want to stay tuned to what's happening today. a potentially historic day in point terms anyhow. we haven't seen a gain of 282 points turn into a reversal like this since 2008. >> yeah. the dramamine vending machine is out today at the new york stock exchange. look at the volatility there. we started the morning with that gain of about 282 points as kelly said and then just this collapse this afternoon. at the low we were down 140. wedo

i'm kelly evans at the new york stock exchange. >> i'm bill griffeth.lity and a bloody resolution to the manhunt in france. they're sorting things out in and around paris and northeast of paris. with the hostages and the hostage takers. but it was -- and, you know, to some degree this dide

i'm kelly evans with bill griffeth. hello there. >> happy new year. >> not a happy day on the stock market. the dow off 350. >> started this morning, european markets with a big hit. concerns of greece. the german market down about 3%. oil dipping below $50. that's been a bad thing for equities today. so sort of aou

i'm kelly evans. a strong session across wall street.to talk about why we had such a pick up at the end of the day. we had all day to talk about the european central bank. it was really there in the final hour and just about that we saw stocks moving to the up side. the dow closing with a gain of about 264 points. 1.5%. should be good enough by the way on put us back into positive territory for the year. it's been a year of 200 point swings every single trading day and today was no exception. s&p add 3g 11, nasdaq up 83. let's get to it. zachary cara bell is here. suze anwe'll have more on the markets. hi, guy. george why do you think it is that markets were suddenly moving much higher to the up side later in the u.s. trading session? >> it took a while for people to actually realize this was bigger than expected and really kind of addressed three things. reduced uncertainty, we've been waiting years for this finally to come to fruition. and here we are central bank that was late to the party finally showed up and now we have all of them

i'm kelly evans. let's start with thisough satisfaction we've had. dow off 242 points good for 1.4%. the s&p giving up 25 to close back below the 2,000 level. the nasdaq down 48 points. this is the 14th time out of trading segssions in january the market moved at least 100 points. the vix three points higher at closing. moving at a level above 21 almost 22. let's bring in today's panel. joining me michael santoli from yahoo! finance. sara eisen, eric chemi from cnbc.com. and "fast money" trader steve grasso who will join us shortly off the floor and our own mary thompson. mary we want to start with you. tell bus this pressure on stocks that materialized right into the close. >> that's right. you know i think art cashin did a good explanation of it. we had a pop in the price of oil and when some traders figured out it was short selling, the markets turned south again. traders also telling me there's a lot of lack of conviction from some of the bigger traders and that's been one of the reasons we've seen so much volatility for this month. as it stands

i'm kelly evans at the new york stock exchange. >> i'm bill griffeth.g nearly 500 points on monday and tuesday we get a bounce in the u.s. markets, not only for equities but oil, wti bounced a little bit today. >> a couple of factors contributing to the rebound in the market today. >> minutes were what we would expect but you had decent jobs number this morning from the adp. and the retail sales, some of them pretty

i'm kelly evans. >> i suspect -- i'm bill griffeth, by the way.ct that that picture, that's times square. that's 50, 60 blocks north of where we are right now. you give that several more hours, you won't be able to see that. >> it's only been a couple hours since that snow has started. we haven't seen anything yet. >> not

i'm kelly evans down here at the new york stock exchange with my pipe and my french coat and my sherlockolmes hat trying to figure out what's going on with this market. >> i'm sitting here with a rubic cube taking to make it make sense. we had two reports that had an impact. clearly the fed's statement had an impact. we saw the price of oil move lower. we saw yields on 30

i'm kelly evans. >> i'm bill griffeth. and then there's snowmageddon.ons spent on a storm that was largely a bust for those in manhattan part of new york city and parts west. those of you in long island and connecticut and eastern massachusetts and rhode island, you got hit as was predicted but those of us in parts west preparing for all of that was a huge displa

i'm kelly evans, down here at the new york stock exchange. >> i'm scott wapner in today for bill griffeth. it is a market that's lost nearly 500 points in the past couple of days. trying to get some of that back today. and how about a nice little ramp-up into the end of the day. >> it was the time you entered the building scott. >> i'm told it's just a coincidence, but i'll take it. i should come around here more often. >> we're keeping an eye on what might have been moving stocks higher here. now many of the dow components in the green. earlier, it was only because of mcdonald's and boeing's outperformance that the index was higher. mcdonald's surging nearly 5% after ousting its ceo. wlas what is the new plan for the fast food giant? this remains the big question. >> and one hour from now, some huge earnings hit the tape google, amazon advisoryvisa biogen to name a few. we'll have the numbers and instant analysis as well. >> a ton coming up next hour. >> we're just ramping up on the whole earnings thing. digesting names like ali alibaba. the dow is up about 148 points this hour. that out

i'm kelly evans. >> i'm bill griffeth. and then there's snowmageddon. billions spent on a storm that was largely a bust for those in manhattan part of new york city and parts west. those of you in long island and connecticut and eastern massachusetts and rhode island you got hit as was predicted but those of us in parts west preparing for all of that was a huge displacement and there's a thought that maybe billions will have been lost as a result of all of that. the biggest blizzard though turned out to be inside the new york stock exchange today. >> well put. take a look at what's happening in the market. we are geared up for a negative start then got a flurry of earnings. caterpillar disappointing. microsoft didn't help thing. both stocks getting hit hard. what's interesting, that's contributing to the dow being a weaker performer than the s&p today. it's off 231 points. the s&p mean while down less than 1%. so you could argue perhaps it's an oversized reaction to a couple big companies, but by the way, they're important companies, and by the way, the

i'm kayla tausche in for kelly evans. triple digit gain early on in the session evaporating after we got some nasty data out of factory orders and construction spnd spen

i'm kelly evans at the new york stock exchange. >> and i'm simon hobbs in for bill griffeth this friday ending friday in much the same fashion they behaved for the entire month with a lot of volatility. today it's been in the red all day, a wide range as the guys just said, we're heading back down, down 116 on the dow. leading the way for the dow, chevron certainly. the plunge in oil getting real oth over the last few weeks as chevron scraps its buy back plan for the year. but oil itself reversing its

i'm kelly evans and what a day it's been yet again down here at the new york stock exchange. >> i'm billeth. if you thought yesterday was fun and interesting, wait until you hear about today. the white knuckle ride continues. red arrows abound at least for equities. oil is a different story late today, but there's the industrial average which was down more than 300 points about an hour ago, now down 262, and right now roughly speaking, broad terms, the major averages are down a little over 4% right now from their most recent all-time highs. >> well, actually people talking about the

i'm kelly evans down here at the new york stock exchange. >> and i'm bill griffeth. buckle up. what's going to happen. if we've learned anything this we can is that the final hour holds most of the cards for how the market will finish whether it's up or down. and this week i think we've seen it all in terms of volatility, news events. it has been an unbelievably volatile week not only for the markets but for news events as well. >> that's right. we have to keep an eye out to see how we finish. we just had oil pop 5%

i'm kelly evans at the new york stock exchange. >> and i'm bill griffeth. listen to this statistic.nbelievable. now, volatility has been with us all of the trading sessions we've had so far this year. today alone the dow was down about 120 points, it's been up about 84 points. so a 200-point range today. listen to this, kelly. we've had a 200-point range on the dow every trading session this year. >> including that first one. >> including the first one that friday. that's unbelievable. >> wow. >> we're going to beki

i'm kelly evans at the morning stock exchange where we're picking up some momentum. >> and i'm bill griffith the market does like a good old fashioned central bank bond buying program. no matter the continent, no matter where it's taking place. although we did dip lower briefly this morning. you see a little bit of red until the rally got back into gear and especially in the last hour or so. so now here we are, the 15th trading day in a row where the dow

i'm kelly evans at the new york stock exchange.ther volatile day here for stocks. >> what do you say about this year? i mean, every day it's something new, another day of surprises in the financial world. as of now, the markets if you believe what we're looking at here, haven't liked it. we've been in the negative territory much of this session, but not by much now. down about 130 points at the low a couple times and the dow now down just 24 points. but what a day of

i'm kelly evans, down here at the new york stock exchange. >> i'm scott wapner in today for bill griffethit is a market that's lost nearly 500 points in the past couple of days. trying to get some of that back today. and how about a nice little ramp-up into the end of the day. >> it was the time you entered the building, scott. >> i'm told it's just a coincidence, but i'll take it. i should come around here more often. >> we're keeping an eye on what might have been moving stocks higher here. now many of the dow components in the green. earlier, it was only because of mcdonald's and boeing's outperformance that the

. >>> welcome to the "closing bell", everybody, i'm kelly evans on this thursday at the new york stockselves a rally. >> i'm bill griffeth. building on yesterday's gains and now, we had three big down days to start the year. two big up days to follow that and those two big up days wiped out the losses, turned positive for the clear for the dow and s & p. >> started the year all of monday and where we are today it is almost unchanged, having had that sharp downward move. now this upward move. now the guys better break those down, 18,000 become out them >> i guess so. seei s

i'm kelly evans at the new york stock exchange. >> and i'm bill griffeth.ear, we're at the stock exchange but we're talking oil right now because that is what's pressuring the stock market today, down 5% on wti for the u.s. crude contract. it's even more of a decline for brent north sea crude. >> you're looking at the price of just under $46. if you're wondering what's hitting the stock market today, well, pretty much look no

i'm kelly evans at the new york stock exchange. >> i'm bill griffeth.ed day for stocks to close out another pretty good week for investors and there's another theme in our business world taking up a lot of oxygen right now. that would be currency wars. sort of a race to the bottom right now as it were. some huge moves in the euro again amid the moves in global central banks. all that affecting your money and we'll get into all that. >> today not a strong day for the markets after yesterday's bounce

i'm kelly evans, and, yes, it may not look quite as familiar, but i am here, bill, at the new york stockhange. >> i'm here at headquarters which looks like cnbc headquarters as well. tell us, we've been waiting for this opening. >> everybody has referred to this space as the garage. as the new york stock exchange has unveiled this addition today they've been renovating for the past year. it's called the buttonwood room and people know that goes back to the founding of the exchange. more than 200 years ago outside of buttonwood tree. a couple blocks e o

i'm kelly evans in for carl quintanilla. 8:00 a.m. at apple headquarters in cupertino, 11:00 a.m.quawk alley" is live. ♪ ♪ . joining us this morning is jon steinberg, ceo of the daily mail north america and slava rubin quo founder of indigo go john forth on his way, all of us with us is kayla tausche. good to see everybody. begin with markets and talk about the fact we're off 200 points and the dow in the red, off triple digits and bob pisani is on the floor to tell us

kelly evans, story about that. >> yeah yesterday in particular. >> another place you've got to go princed island went there to buy land. they didn't want americans buying beachfront property. >> coming to your town soon jim cramer looking for land. >> when you're not allowed to own stock, what do you do? >> right. >> take stock in land. >> i've got a bridge not far from here. >> if it's a toll bridge. >> no it's a nice bridge. built in 1800s, famous. >> toll bridges in pennsylvania a lot of money in that fame. >> talked to gary kelly at southwest. alaska air with earnings record high today. >> another unbelievable operator. that stock is another one that is just -- if you look at that chart, is this really an airline? isn't this what a tech company's supposed to look like? gary kelly, can't say enough good about him. am i in praise of an executive? absolutely. just pointblank saying gary kelly's the best in the industry. doug parker pretty good executive, too, american air, could be good. >> forget to mention travelers but we should, 307, above 254, dropping catastrophic claims, higher p