lori rothman was on floor of new york stock exchange for every move. it was those last moves lori, that seemed to give us a little bit of hope as far as tomorrow's opening. >> that's right. retrace last hour of trading, david. saw dow jones industrial average dip below 16,000 but only for a hot second. recouping but closing down 469 points as you said. hoping reaction from china data before the bell was overdone. key analysts pointing out it wasn't a surprise, that manufacturing data out of china. came in pretty much as expected. since everybody is so sensitive, investors everybody from main street to wall street, so, so sensitive. so jittery about the chinese economic slow down which frankly isn't a surprise, that tomorrow investors will look at this huge selloff today and comb back into stocks. we saw a classic flight to quality. hitting gold, treasurys. the dollar which can sometimes be defensive play but that dropped off because of weaker u.s. economic data, david. david: lori, thank you very much. don't miss more coverage and analysis of today's ma

we have breaking analysis in for our own lori rothman live on the floor of the new york stock exchange. >> hello. >> hello. also joining us jason rotman, lido isle advisors. and peter chur. lori, to you first, what is driving the market higher? >> dagen, out of the get-go, remember we had solid trading out of europe and rye serves in china was low and china was driving that as a way to sort of ease economic slow-going. we had gigantic pop at open. even though we're seeing a huge rally. it has been pretty sideways through the bulk of the trading session. liz spoke with warren buffett, who had beneficial things to say, positive things to say about the u.s. as well. if you take all of that into consideration, the fact we sold off 3% last week and conditions are extraordinarily volatile of late, maybe some people are coming back to the market, seeing entry point to buy, thinking selling of late has been a bit overdone as well. >> jason, will we continue to trade off of news out of china? something that we're not exactly used to historically, lately, that has been the major, major thing dri

fox business's lori rothman with the latest from the floor of new york stock exchange. lori, the numbers are troubling. >> to say the least, cheryl, at least for today. china rocking global markets in fact. dow jones industrials down 469 points when all said and done. not even the worst levels. at one point in the session last hour we saw the dow dip below key psychological level, six teen thousand. -- 6:00 teen thousand. weak manufacturing report. people are worried about the weak growth. christine lagarde warning about emerging market because of effects coming out of china, expect growth to go lower than imf earlier targets. weak economic data out, the manufacturing came in worst level in two years. that gave sellers reasons to dig in and accelerate their selling. the dow dipped below 16,000. s&p saw all 10 sectors close in the red for what it is worth. all 10-30 dow components closed lower. nasdaq went negative with its declines. even russell, people were so optimistic about the russell 2000 index because it is comprised with a lot of small cap names with not a lot of

let's head to the floor with lori rothman. what is behind this rally. >> hi, there, david and melissa. stocks shot out of the great, with great -- i won't say great but positive out of europe. china may intervene in its markets. troubles sparked volatility of late. very low volume. looks like we'll do 783 million shares. trading hands well below a billion shares, well below the daily average. trading was pretty much sideways. we held on to triple-digit gains except last hour we shot up biggest increase of the day as you guys have been reporting, the world bank advising holding off on an interest rate boost in the u.s. next meeting u.s. in two weeks. dow leaders, ge, walmart, intel, cisco. regulators approving 13 1/2 billion dollars acquisition of the power unit. you have all 10 s&p sectors also in the green today. very few shares closed in the red. we're down crude oil, call it stable. commodity at 45.90. below 46 handle. little changed. low gas prices are a big theme through the holiday weekend. in terms of technology, the na

lori rothman in for deirdre bolton. she joins us now. >> it's a cutthroat world of technology especially when it comes to the smartphones or smartwatches too. really we're talking about when lenovo, owner of motorola. announcing that it will reveal its new moto 360 smartwatch the day before we know apple scheduled its latest event. so these two are going head-to-head. we're expecting two versions, two models, 360-l and 360 sport. there are supposed to be gold involved as well. so all eyes focused on next tuesday and wednesday. first motorola, followed by apple. gerri: they're mighty pretty. lori, thank you for that. see you at top of the hour for "risk & reward." david: i like my old-fashioned watch. >>> making the next debate stage. how carly fee may have earned a spot on the big stage at the next gop debate. details next. ♪ ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about e

gold is up, lori rothman was talking about, this investors speculating a rate hike in september unlikely, what will the fed do? how much does it matter. ten-year treasury yield 2.17. flight to safety, we're seeing that as well. seeing all of these things, all of the factors that we've been talking about for the last couple of weeks at play here. the first trading month of the -- trading day of the new month. how do you play this? floor show where we start you off as usual. ben willis joining me on the new york stock exchange on the floor. good to see you, chris robinson, cme, elliott warren at the nymex. since you're with me, ben, same old, same old, down almost 430, almost 440 on the dow, and everybody wondering about the last few minutes of trade. >> i have been long-term bullish. today is the first day it's made me question my belief system. >> why? >> i don't like the action. to the data we were presented overnight, this is a huge overreaction in my opinion. i will tell you the smartest money i deal with all they day long. we were buying stock. we're no longer buying, we're going to

we're 60 minutes into the close of trading and lori rothman is in for liz. take it over. >> the unemployment report helping drive the market down. the dow jones industrial average down at one point over 300 points. most of that on signs that today's report, the jobs report could help the fed justify raising interest rates later this month. the labor department revealing that 173,000 jobs were created last month. that was less than what was expected. but august is notorious for being a month ta revised higher each and every year, reuters says figures show upward revisions on average of 58,000 jobs each august over the last ten years. june and july revised higher and the unemployment rate dropped to lowest level in over seven years, 5.1%. other signs the u.s. labor market is improving were increases in average hourly earnings, average work week length and the measure of the unemployed, underemployed and discouraged worker part-time but looking for full-time employment. >> combine the jobs number. fed uncertainty with the unstable chinese market economy, all of

worry about right now could beginning september in a sea of red on wall street, numbers me now, lori rothmandana peterson, and scott shelody . shelody. i love that cow prin jacket. good to have you with us. >> thank you. lou: how crazy was it there today? >> pretty crazy, i was here at 4:30 this morning, i am going home late, it is the way it is for next 5 months, we have 10ered a time of -- enter a time of high volatility, i would say rightfully show, ift -- it is time for the rational man to celebrate. we're coming to you know, fruition, reality taking hold, we're basically, in a global rate compression, maybe slightly recessionary environment. and to think of fed thinks they might have to raise rates just because they have to make themselves relevant is also something very dangerous. so, we're all in the state -- we're all in a state of fluctuating for friday with jobs report, and ecb thursday a ton to talk about. lou: and talk about it we will, lori, how was it on floor the new york stock exchange? >> i walked in at 7 a.m. this morning and traders were grumbling, bleeping china, they wer

i am here with lori rothman. he has a pod cast and a barber in the wild west. it is gavin mcginnis. she shares a last name as one of the most interesting in history. host of "ken gnaw" --" kennedy" on the fox business network. >> he is the funniest. he is comedian mike michael. let's start the show. >> an art exhibit is forced to remove an anti-isis diarama. the passion for freedom art exhibit outside london was set to experience the terrorist group with sylvanian dolls. no longer. they removed the inflammatory pieces. this one is called isis invading a picnic after police said it would require an extra $55,000 to secure the event. but all is not lost. we are brave enough to show you the works of the london-based artist. here is isis interruptiing your favorite television show. and here is isis invading a gay pride parade. mimsy said the images summarize the mentality of religious fundamental list. they are blowing themselves up for a cause that is thin and childish. >> that must be a britain toy catalog. >> i was reading that going i should probably know what that is. that is proba

. >>> coming up on the next "red eye", kennedy and lori rothman.s are taking our jobs and our places in line. a san diego woman recently had a robot hold her spot before the release of the new iphone 6. she told a local station "i am in line like everybody else." "i just have a different body. some people have left chairs here and not really here, so i feel like i am fair by being here and committed to being here the entire time." apparently she is paying by credit card and picking up her phone and robot on monday. is this cheating? >> no. >> did you see the robot? >> no. >> you didn't look at the story? >> sure i saw it, but i didn't see the robot. >> she had a corporate robot. >> isn't that cheating? i don't know. this is a judgment call. it is an interesting idea. if you have to pay for a robot -- robots must be expensive. clearly people actually pay people to stand in line. 10* what is the difference between paying some young kid $9 an hour to stand in line for you or using a robot? >> that's it. they have people hiring other people on -- what'

i want to go to lori rothman, another big day for gold. >> reporter: indeed, yes, seeing a bit in the price of gold. up 7 bucks an ounce, that's not the best levels. we saw gold peak at 10:00 a.m. this morning and shows manufacturing at weakest level in some two years. right now gold is trading $1139 per troy ounce, no surprise we're seeing a bid into bonds as well. the 10-year yield down to 2.17, as investors pile into the perceived security of u.s. government debt. interesting to look at russell 2000 as well. down 1.75%, it is still outperforming the broader market averages which are at session lows. back to the russell, comprised of small-cap stocks that don't have exposure to china and the european sovereign states, so therefore, you don't have the china exposure and the index is outperforming. so lot of question about money flows today, and if people, charles, are stuffing it under the mattress, i hate to say it. as you pointed out all of the weeks of volatility have a lot of question what is the best and why is this a conservative move in this climate? charles: it was the least

adam shapiro's today's biggest winners and losers and lori rothman. tell us what happened? it looked like we were going to recover. the market down 350. they began to recover, we were in the 100 range at about half hour ago, but traded down towards the end of the day? >> let me just set the scene by reminding everybody chinmarkets were closed. so the declines we saw today are all about the u.s. picture and outlook. we've had now 11 of the last 13 trading sessions were markets closed down triple digits. at the close, a decline of 272 on the dow. the s&p off 29. that's 1.5% decline on the broad market and you mentioned that jobs report, the august jobs report pretty much in line. 173,000 jobs created, and didn't give a definitive answer what the fed will do by way of rates. david: the jobs report i don't think it was in line. >> if you include the revision. if you include the revision, that's my point. unemployment came down, underemployment was disappointing, a multigenerational low. wasn't good enough to get the fed definiteively to raise rates, the frustration is we don't

lori rothman has all numbers from the floor of the nyse. lori? >> trish, we're just about at session lows with the dow down 440 points. vouch the vix. we watch the volatility index to see uncertainty and concern. it is up about 12% today but look where we've been. that is off the lows of last five days. i don't have to tell you how volatile it has been for the stock market. five day average for the vix about 36. for the year-to-date average is 19. that gives you perspective where investor sentiment lies. we have risk-off today. very classic money flows rotating into gold, for example. gold today is about $9 higher per ounce. that puts it at is 41. a bid into treasures -- 1141. fixed income at 2.18% right now. with that, i send it back to you. trish: lori what are you seeing in volume? >> volume is high today. oh, gosh, i can't actually pinpoint it right now, but i do know a lot of buzz on the floor. a lot of shares trading hands. i can't pinpoint average where we are. trish: we'll check back in with you, thank you very much. >> you got it. >> ada

we're 60 minutes into the close of trading and lori rothman is in for liz.it over. >> the unemployment report helping drive the market down. the dow jones industrial average down at one point over 300 points. most of that on signs that today's report, the jobs report could help the fed justify raising interest rates later this month. the labor department revealing that 173,000 jobs were created last month. that was less than what was expected. but august is notorious for being a month ta revised higher each and every year, reuters says figures show upward revisions on average of 58,000 jobs each august over the last ten years. june and july revised higher and the unemployment rate dropped to lowest level in over

first we have lori rothman. she has the good news. last day of an awful quarter ending up almost 200 points. >> yes, david. there was buying into the close. there was pretty significant buyside imbalance. a lot of options coming in for that. dow at the best levels the session. folks here on the floor are take -- talking about a relief rally. so many are beaten down. energy, consumer discretionary. it was top second are to. all top 10 s&p sectors were in the green. health care, all of the sectors with such a tough month were picked up today in again what they're characterizing today as a relief rally. of course we've got jobs data coming at us towards the end of the week, but if you look at big pictures nothing changed. similar concerns with economy, interest rates, geopolitics. investors looking at calendar seeing this as excuse to buy. stocks down -- yields creeping up. all the similar factors at play for a response. david: by the way, the dow would have to rally 1600 point to wipe out all the loss this is quarter. melissa: that is p

lori rothman is standing by the floor of the new york stock exchanged what happened >> yeah. it's just such a rough ride. so this morning the tone was set, and it was a positive tone because we had a lot of our concerns by the officials there with japan, rising 7.7% on the report that the prime minister was going to cut taxes. well, all bets were off when the july jolts came out showing that july jobs were at a record and that got folks think so that the federal reserve in the u.s. is more likely to raise rates in september than december. now, what that tells me is that the u.s. is so focused, so laser focused on interest rates that it's all bets are off. you know, we were blaming china for the jitters in recent weeks and now this is really about the u.s. and we had one of the best days with the markets yesterday with the dow posting 400-point game, we were up almost 200 at the start this morning, and people saying, lori, people just want their money right now, they're nervous, it's all about rate gain, and reporting today that the fed can't even make up its mind about septem

i'm lori rothman filling in for deirdre bolton. to adam shapiro on the floor of new york stock exchange. what a turn of events. >> yes it was but we haven't recovered all the stocks. the dru close you had up. nasdaq was up 113 points. at least positive for the year or positive territory today. s&p 500, 1948. the key here, the traders were watching 1926 when we first started. we actually broke through 1926. we went below it and fought right back. which they see as a sign we might have hit the bottom. that was a good sign, s&p 500, well above 1926. look at some of the stocks that were big winners today. airline stocks, they seem to be on fire. american airlines, delta air lines and jetblue. jetblue was up 6 1/2% today. american airlines up almost 6% today. you may recall that just yesterday one analyst changed their call on american airlines from hold to buy. so american airlines, delta, jetblue, all the airlines essentially enjoying what is essentially the low price of oil. it means the low price of jet fuel going forward. even thou

we have breaking analysis in for our own lori rothman live on the floor

lori rothman, what the heck is going on? >> i know, we lost our bottom.ow is off about 300 points today. obviously the jobs report setting the tone. let's look at some of these sectors because while they're all down for the year, there are particular stocks that are way outperforming to the downside, what the overall tech sector is doing. tech is down 5% on the year. apple down 18.5%, microsoft down 13.5%. off the 2015 highs. facebook off just over 12%. moving along to financials, so for the year, financials only down 8.5%, but you've got bank of america down 15%, goldman off in excess of 17%. jpmorgan a similar story here. let's look at energy, the energy story oil is down over a percent again today. for the entire year, the industry is off 20%, and these stocks are doing even worse than the industry peers. bp down 30%. and retail not as bad of a picture but nothing to write home about. as an industry down 3.8%. target outperforming 11%. 14% on amazon, home depot off 7%. the market is selling off. important to note, low yield, only 331 million shares tra

. >> i'm lori rothman on the floor of the new york stock exchange where our rally has rebirthed.esterday's rally on the dow combined with a few hundred points on the open gave investors a excuse to do a little profit-taking. there is new jobs data released by labor department, suggested that job openings in july were at report level, that the fed is more likely to raise rates in september rather than december. couple stocks we're keeping eye on. netflix is launching movie and streaming service overseas. south korea, singapore, hong kong and taiwan. that snap as seven-session losing streak for netflix back to over 100 bucks a share. tesla getting upgrade care of oppenheimer, $340 a share. shares of 250 with a feign over 1%. much more "varney" and company after this break. drop 40 grand w set of wheels, then... wham! a minivan t-bones you. guess what: your insurance company will only give you 37-thousand to replace it. "depreciation" they claim. "how can my car depreciate before it's first oil change?" you ask. maybe the better question is, why do you have that insurance company? w