stocks hit a 26 month low. we'll break down the latest coming up. >> and gundlach has a chilling warning. >> i think we have the first leg down the second leg down is usually mu painful >> the closing bell starts right now. >>> we are currently down 447 points seeing significant losses at nearly 2% lower >> yes >> 2 dow having since the third quarter of 2011. the nasdaq could be since 2008 let's see. bob is at the floor of the new york stock exchange. let's start with you >> let me show you the s & p 500. it was the floor we were trading 2,600 to 2,800 for most of the quarter. not anymore. we hit 2,600 today and the market could not get over that these become very important when the macro situation becomes important they become more important. we saw selling in winters today and a little bit of a change in tone they were at 52 week highs look at aes. it is a typical utility name it is down 6%. that was a new 52 week high. avalonbay is one that is out there. that is also at a 52 week high not long ago most of th

banks' new lows, down 400 on the dow.organ, morgan stanley, doesn't matter, all at 52 week lows we are going into the european close. often there's a bottom there in the past few weeks, we'll see if that happens as theresa may was talking, we drifted lower as you can see this is 10,600, that's a two year low on the dax. talking points for the markets, it is emphasizing negative talking points over the weekend, robert lighthizer calling out saying they'll hold fast to 90 day deadline on tariff talks we had reports that the u.s. would be issuing an anti-dumping order on chinese aluminum and alloy sheet metal, that's a negative japan gdp is further into red than people thought, so a little further contraction. china, november trade is lower, exports, imports generally lower. these two reinforce slowing, not disastrous, but slowing global growth story, and the delayed vote on brexit where are we we breached some technical limits 2630, 2800 was the trading range we had been in for the last couple of months we're now essentiall

the markets well off session lows. we always have something to talk about as we head into the final hour of trading. what looked like a historic turn-around for the final few days of 2018 has led to disappointment once again today, just like on monday, on christmas eve. the nasdaq is on pace for its ninth consecutive 2% or more move. this is the most in a calendar month since august 2011. i want to draw your attention, you are seeing the vix, the volatility index, which is on pace to close above 30 points for its fourth consecutive trading day. it's the longest streak since november 2011 and right now, you are seeing it trading at 32, almost 33 points, and while most sectors are down today, we have been talking about it and will dig in, e-cigarette companies are getting pounded after scott gottlieb tweeted he will be reaching out to e-cig ceos to discuss the epidemic teen use of their products. no more coconut flavor. he tweeted that there's no reason manufacturers must wait for the fda to address the epidemic. take a

with the low there and high pressure, the high doesn't like the low, it feels fills with a northeast breeze. it takes awhile to get things going. a lot of cloud cover but not much in the way of rain. there's northeast at oakland airport and northeast at sfo, hayward and livermore, it doesn't bode well for rain. we need it to the south, southeast. itant do mean we can't get a little bit of rain, more likely later, not sooner. >>> 40s on the temperatures rather than 50s, many are stuck with low cloud cover, there are a few in the 50s, i doubt these change much. 50 down in monterey, and for today, look for a lot of cloud cover, most of the morning should be cloudy, cool and dry, and this afternoon, we can get the low close enough when we start to get rain in here, it favors the coast far more than anyone inland. this is not a big deal for the sierra, it will be a big deal in southern california, it will be excessive rain for us, and wednesday night, thursday, it goes south and looks good, increasing clouds on sunday. >>> the time 4:-- is 4:50, the terms of a deal, what will change on th

thank you both for weighing in we secession lows, dan and bruce. -- we see session lows dan and brucewe're putting you all in charge. closing bell, james quincey, new chairman coming in from coca-cola. -- for coca-cola quk le is coming up after the break with the dow down 300 i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ >>> good morning, it is 8:00 a.m. at san diego qualcomm headquarters, 11:00 a.m. on wall street "squawk alley" is live ♪ ♪

overnight lows will dip into the 30s and 40s. colder, wind- sheltered valley locations will likely see overnight low temperatures at or below the freezing at times. daytime highs will cool into the mid to upper 50s. chilly overnight lows will continue through the weekend. weekend. through the weekend. (vicki) warriors... tough loss to the blazers yesterday. (ken) mark carpenter joins us in the studio. with the with the warriors still in 2nd place in the west, there isn't much to complain about. however, it can't be denied we've seen some bizarre moments from the back-to-back champs. in their final home game of the calendar year, golden state...falls to a 2nd straight loss, the latest coming against the blazers in overtime. a matchup that saw the warriors rally from down 10 in the 4th, but damian lillard won it all with a fall-away trey.... one of those weird outings in which the warriors outrebounded and outshot portland, but shot 40-percent from the free throw line. --steve kerr...on an uncharacteristic outing from his squad.

low to mid-50s in the north bay. usually our cool spot down to hayward, san carlos, down into the south bay, mountain view, san jose at 47 degrees. here's a look at some of that fog you're driving into heading south on 101 around san rafael or coming out heading north. you'll find it again towards petaluma, santa rosa. more fog there also. it will be best in the north bay. ll day.reas have isolated litey. let's go around our neighborhoods. east bay, 8:00 in the morning. cloudy and 51. 60s, low to mid-60s from noon through 4:00. 54 this evening. peninsula, 52 with a little bit of fog. mid to low 60s from 1:00 to 4:00. 53 at 8:00. and here's our last stop. san francisco. we'll be flirting with 60 of the most afternoon after starting off in the mid-50s. we have a couple of storms on the way. i'll show you an hour-by-hour look at tomorrow's rain christmas eve. we will get a chance. we are thinking about fog and what else? >>, >>> no, we are focusing on fog. we have really thick fog across the altamont pass. either direct

but it doesn't feel like a bottom yet we have a lot of new lows out there, a lot of lows particularly in industrial stocks put up the new low list. morgan stanley, goldman sachs, a lot of banks at 52-week lows and oil names. halliburton, schlumberger, all of those at 52-week lows four issues ailing them and only one of them are looking better the fed and rates, better tone there, particularly from bostick and kaplan, but oil supply and demand, you heard a moments ago, the opec meeting unresolved. how about the tariff trade issue? that's worse how about the economic slowdown? we don't know what's going on. that's unresolved. by the way, people debating whether there's a slowing economy. the market has been sending hints for a while now. we have small caps at new lows defensive stocks as market leaders. we have banks at lows versus recent interest rate sensitive stocks we have copper underperforming gold all of these folks are indications of a slowdown, historic indications of slower economic -- we don't know how much slower economic conditions are going to happen, but these have been s

earlier today it was that low.e back. >>> thanks for watching power lunch everybody. >>coming up it's an all bro edition of closing bell. >> welcome volatility kicking off the week yet again, what's behind the move coming up >>> i'm live outside the houses of parliment in london where theresa may unveiled on the brexit plan. a live update from london coming up >>> new developments in the nasty battle between apple and kw qualcomm >>> a new reported says retail investors have been buying up general electric find out why

mornings and into the low to mid 50's during the afternoon. into the latter part of the week chances of showers will rise. ( darya ) lets get a quick check of traffic this morning. here's a live look outside... at the bay ( darya ) lets get a quick check of traffic this morning. here's a live look outside... at the bay bridge toll plaza. ( darya ) a big story a big story this morning ... p-g-&-e has today to respond to a brief by the attorney generals office ... that says the utility could face murder or manslaughter charges for the recent deadly wildfires. attorney general xavier becerra's office did ánot say it áwould charge the utility company with those crimes ... only that the options are on the table. the announcement comes from a report for a federal judge ... who is overseeing pg&es probation case regarding the 2010 san bruno gas line explosion. reporter doug johnson spoke has the details.

, a new low, lower low. the transports close at a lower low. could you say what you want about dow theory it looks like we got a sell signal this week in the middle of everything. >> i'm fascinated by the move in oil, 46.14 on wti right now. talk about every asset class down 40% since october on oil >> yeah, some semiconductors looking okay in tech but other than that, not that much that does it for "squawk alley," let's toss it to scott wopner and the half >> john, thanks, in fed we -- no longer trust stocks dropping sharply again after the central bank raises interest rates many openly wondering whether a major policy mistake is a growing risk it's 12:00 noon, this is the halftime report. >> two market heavy waelts join the fed debate on the halftime report first -- >> there's been a lot of damage. >> the man who called the downturn, months ahead of the rest of wall street. morgan stanley's mike wilson is back >> i think another 10% in that space, you know, that maybe 15 in some of the names will be it >>

>> this is under the guys of we want to help low income families while taxing low income families. in a program called the life line program would be protected but not every low income resident is in the life line program and it is only good for one person, one phone per household and most households will have more than one phone. so this is a flawed proposal. and it is not even clear if the p.u.c. has jurisdiction. the jurisdiction has a billion dollars in the public purpose program account. and last time i checked it was a lot of money and it is still going to hit low income families with a tax. >> a bill i understand is a lot of -- a billion dollars is a lot of money. how much are we talking about when it comes to this tax per person or phone? >> well, that is the interesting thing, because if they are saying having a billion dollars in reserve is not enough, they do have the ability already to adjust the surcharge to generate more funds for the program. this is a new area where it is unclear at best whether they have jurisdiction. 49 other states don't do this but they want to

this could be part of the low or perhaps not. think one of the things that i wrote about last night was that the average true range for the s&p 500, as we have these bigger losses and gains, that makes the average true range much larger. it is now bigger than it was in 2008, when we had the huge meltdown. it suggests to you there has to be a large healing process go on here. whether we make new lows are not is almost besides the point. it is going to take time and people have to be patient. about thewant to talk consumer, because the consumer discretionary sector is the worst performer today. yesterday, the best one-day gain since march 2009. yesterday it seemed like the consumer was healthy. mastercard said holiday online sales were up 10% year-over-year. the consumer confidence data today was weaker than expected. where is the health of the consumer? andy: at the moment it looks really good, even with the consumer confidence data that looks weaker than expected. if you look at the present situation, people are very happy. a hav

low pressure is still with us. thursday. low pressure is still with us.s away and the next weather system works in for friday. sunshine and showers for thursday, but fewer showers compared with wednesday. more in the way of cloud and rainfor wednesday. more in the way of cloud and rain for inland and wales on friday, turning mild to take us into the weekend. that's all from the bbc news at one, so it's goodbye from me, good afternoon. you're watching bbc news and i'm katherine downes. it's 1.30pm and here's your latest sports news. the four english sides left in the champions league have learned who'll they'll face in the last 16. manchester united face a tough tie against french league leaders paris st—germain. while it's german opposition for the other three — manchester city have drawn fc shalke, tottenham hotspur will face borussia dortmund whilst for liverpool it's two—time winners bayern munich. meanwhile celtic have been drawn to face spanish side valencia in the last 32 of the europa league. valencia finished third in their champions league group,

at its low it was down nearly 8%. garrett then went on to say in order to mitigate the tariff impact, the company's working on moving manufacturing and re-engineering products for finding new products away from china. >>> with the dow jones industrials down 675 points, the trade truce details are continuing to rattle markets. president trump jumped into the fray by giving himself a new moniker. he called jkim jong-un. now he gave himself a name. he renewed his threat to impose tariffs, tweeting president xi and i want this deal to happen and it probably will, but if not, remember i am a tariff man. when people or countries come in to raid the great wealth of our nation, i want them to pay for the privilege of doing so. it will always be the best way to max out our economic power. we are right now taking in billions in tariffs. make america rich again. let us just clarify here at fox business, folks. it is american businesses who are paying those billions in tariffs that the president imposed on chinese imports. it's n

looking at sfo, scattered low clouds, patchy low clouds for this morning. here's a plan for wednesday afternoon, we'll start off with low clouds this morning. skies are partly sunny and temperatures will be in the upper 50s to low 60s, low clouds this morning. skies will be partly sunny in the afternoon. we can see rain with the graphic. there's a chance as we head into your thursday, we'll talk more about that in a few minutes. lets check with sal this morning, we have and first look at traffic. >> good morning, mark, we have a british good look at the 580 commute which we normally perco there's just a little 205 meet which is normal. any day, we'll notice the effect of the christmas holiday coming up, we're less than a week away from christmas and now you'll start seeing people that will shut us off, and down for the year. this is traffic going out to the castro valley y, traffic is moving well in both directions. the dry weather helps us out and when you get to the bay bridge, it's light. let's go back to you at the desk. >>> happening today a federal ju

and yes, it's all at one low price.(sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ [ horn honking ] [ engine revving ] what's that, girl? [ engine revving ] flo needs help?! [ engine revving ] take me to her! ♪ coming, flo! why aren't we taking roads?! flo. [ horn honking ] -oh. you made it. do you have change for a dollar? -this was the emergency? [ engine revving ] yes, i was busy! -24-hour roadside assistance. from america's number-one motorcycle insurer. -you know, i think you're my best friend. you don't have to say i'm your best friend. that's okay. >>> welcome back to "options action." it's lime to look back at open trades earlier this month dan said the utility sector was heading into t

overnight lows will range generally from low 40s to mid-40s. our fogcast formation showing there will be widespread low clouds and fog and all of those areas i mentioned earlier to the central valley. it will linger through the morning hours. the commuters may be greeted by reduced visibility. mid morning to bright day, we'll see brighter conditions over most of the bay area. on we go. it will be relatively mild. we'll see a high of 58 degrees. a skip ahead to thursday morning about 2:00 a.m., we have our next impulse swinging through that may bring us light rain into the afternoon and evening hours. this is, again, light rain, mainly a north bay event. it will weaken as it passes thursday night into friday and it looks like we'll have brighter skies. mostly sunny tomorrow. partly cloudy thursday with a little chance of light showers moving through the north bay late thursday. and friday, partly cloudy. winter begins at 2:23 a.m. mix of sun and clouds on safrmd our next storm will come in overnight. it ranks one on the storm impact scale. it wi

they got the low. that was a huge difference.tayed offshore so we just got a quarter inch. two inch amounts down there. upper 50s and 60s, mostly sunny skies and partly cloudy in the south. overall a lot better. see the system moving out, low clouds around but no doubt about it easterly and northerly breeze. look at southern california, a big time event down there in and around la and also for the mountains. flash flood warning for the burn areas happening now. small street flood advisory for the mountains in ventura and la, winter weather advisories. cold lows this morning. 32 in lower lakes. petaluma, 39. just to mention a few. everything is now winding down even down to monterey so everything is about done for us but not southern california. hearing a lot about that today. flood issues no doubt about it. a yetter pattern. 55 in half moon bay. 37 in santa rosa down 12 compared to this time yesterday. napa airport down nine. north wind and east wind above tp east bay hills and that northeast breeze goes to half moon bay. good gu

overnight lows will dip into the 30s and 40s. colder, wind- sheltered valley locations will likely see overnight low temperatures at or below the freezing at times. daytime highs will cool into the mid to upper 50s. chilly overnight lows will continue through the weekend. (vicki)people with travel plans people with (vicki) (vicki) people with (vicki)people with travel plans for the new year's holiday will be dealing with jack frost.(grant)the winter storm that has been crawling across the country doesn't plan on easing up just yet. john lorinc reports. white-out conditions in the midwest.more than 100-miles of interstate-80 in nebraska closed for hours because of the snow, wind and ice. wisconsin roads are also getting severe snow.john newman/commuter"it was a little sloppy getting in your car. you need an extra five minutes, at least, if not 10." intense storms in parts of texas.....including one responsible for toppling over area.romana davies/pawn shop owner"my bedroom windows were facing the storm. it almost looked like it wo

mornings and into the low to mid 50's during the afternoon. into the latter part of the week chances of showers will rise. lets get a quick check of lets get a lets get a quick check of traffic this morning. here's a live look outside... at the bay bridge toll plaza. <..fireworks...> <..fireworks...> plaza. <..fireworks...> ( will ) we are less than 17 hours from rining in the new year here in the bay area. ( will )(á2 shotá) as you know -- fireworks will be lighting up the sky in san francisco and the city is getting ready.( darya ) the firework show is expected to be spectacular tonight... and as john just told us, if you're going to be out along the embarcadero it will be cold! kron 4's dan thorn has a preview of what we will see during "kron 4 news years live." pyro techs putting their best foot forward on what they hope is the best year of fireworks yet..sot: people are cheering and screaming and enjoying the show it's rewarding there are more than 4600 cannisters patiently waiting to be exploded into the new year's eve sky...pyro show pr

here's another look of the low clouds and fog. misting and drizzling. we can see it here on our san jose 101 camera as you get ready to head out. a few swipes of the windshield wipers as our visibility is down to a mile and three quarters and oakland we only have a one mile visibility there but elsewhere it's not as widespread as yesterday morning, but still kind of patchy out there and, mike, you to need those wipers as you head out for that drive. >> over in san jose, the mist is on the lens here and i did need to swipe it from time to time. it wasn't enough to keep them on steady. i had to swipe it once, drive for a little while and swipe it again, but just note you will need that and perhaps washer fluid as well. we're registering a construction closure there as you head down toward los gatos. the cameras right there, that mist will be a factor heading down through the south county, but the rest of the bay shows a lighter cloud cover than yesterday. good stuff, guys. back to you. >> breaking news to tell you about, a large water main break is shutti

mornings and into the low to mid 50's during the afternoon.tter part of the week chances of showers will rise. windy conditions to ring in the new year as skies remain sunny and dry. temperatures will again be quite chilly dropping into the low 30's at times during evenings and early mornings and into the low to mid 50's during the afternoon. into the latter part of the week chances of showers will rise. ( will ) for youth health this morning....the c-d-c says flu cases are on the rise... they say the number of states with high flu activity is up compared to last week. ( darya ) karin caifa looks at the flu map, and what you need to know, to start the new year healthy. just in time for a busy holiday travel weekend --and massive new year's eve celebrations, where millions will ring in 20-19 in tight quarters --the flu, is on the rise.the c-d-c friday reported a jump in the number of states with high flu activity, over the previous week surveyed. colorado and georgia -- now joined by alabama, kentucky, louisiana, maryland, new jersey, new mexic

we are right near session lows right now. the dow enduring from high to low a 616-point swing. right now, down 205 points, so about 50 points from lows of the session. the nasdaq dipping into bear market territory. this is ugly, folks. it is down 2%, 133 points to the downside. the s&p 500 too is lower by over 1%. our floor show traders have instant analysis and are standing by with the tick by tick. >>> and the president warning of a very long shutdown if any bill reaches his desk without money for his national priorities. he's already blaming democrats despite saying last week he would be proud to shut the government down over this issue. blake burman standing by at the white house with the tick by tick. "countdown" always fair and balanced. we have republican congressman tom mcclintock of california and dan kildee of michigan. they will tell us if they think non-essential government services will turn into pumpkins at midnight, folks. >>> plus warren buffett's ugly christmas sweaters twist. oil's crude week. and charlie breaks in on goldman sachs' malaysian controversy. less

charles: todd, testing the lows. we had a period where we found a low object 29th.t held up many times, but when the dame breaks it fell completely apart. people are wondering when we test the lows the other side of the equation is the catalyst. what could turn this whole thing around? >> i think, charles, we will test the lows but i don't see anything that will turn the markets into a positive direction right now. i think we're going significantly lower still. i think there is a lot of issues out there, including a big debt problem and other things and i think what you're going to see, the only reason we haven't given all of yesterday's gains back today, we're end of the year, end of the quarter, coming into a new year. i think the time of the year held these markets up. if it weren't this time i think we would be down a thousand moves. i see a lot of volatile moves with a lot of rip your face off rallies that show up. for now the rallies are meant to be sold. the investors should close their eyes and don't look at their 401(k) every five minutes. charles: todd, ho

i grew up in neighborhoods with large and of low skilled immigrants and i will tell you that low skilledimmigrants, high skilled immigrants, all of them in my experience are decent, good people that you can be an agreeably hard-working person, but it just so happens e american economy, the modern american economy rewards some kind of skill much more than others. this is a reality where did with a domestic debates and the reality we have to think about when it comes to immigration. the classic argument is, there some truth to it, that low skilled emigration complements high skilled native population. you might have folks who are doing jobs come if i'm a high skilled professionals to work late into the night, who is going to take on the household production tasks that i might otherwise have taken on? it screech of low skilled folks are willing to do those jobs, they could be lucrative. that's the classic argument. my concern is when you look at any economy, any economy is dynamic. think about what happens when the price of gasoline doubles or triples. what happens is at first people might

and yes, it's all at one low price. td ameritrade. ♪ ♪ there's no place likargh!... ♪ yippiekiyay. ♪ mom. ♪ (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to "options action." it's lime to look back at open trades earlier this month dan said the utility sector was heading into the danger zone. >> if you go back and look at a 20-year chart and look at the relative outperformance for a bit in utility stocks, the xlu, into the the past market corrections or market crashes, ultimately it follows suit not too long after either. when it was trading about 5 a.5 you could look out to march expiration by the march 5 a/49 put spread paying $1 for that. >> the xlu just had the worst week in a year dan what do you do with this. >> t

it most affects low-income people. dallas, and extremely low income renter is a family of four with two working parents earning less than 25,000 a year combined. a low income senior with income of no more than $60,000. person with a disability relying on less than $9,000 of income. we have a shortage of affordable homes available to these low-income people. for every 100 of the lowest income seniors are people with disabilities are families with kids, there are just 35 homes affordable and available to them. no congressional district has an adequate supply of affordable rental homes to its lowest income residents. chairman hence are laying and and yourember waters, districts there are fewer than two affordable homes for every 10 of the lowest income renters. makes people have to pay half of their incomes to keep a roof over their heads. when you have such limited income to begin with and you spend half of it on your rent, you are one financial emergency away from not being able to pay the rent, facing eviction, and pos

it will be cool and crisp tomorrow with highs in the 50s and low 60s. dry weather is then expected into the weekend. (grant) also tonight at 5:30... kron4 is always tracking local stories. here's a look at what's going on in your neighborhood right now. (vicki) the 18th annual lefty's o'doul's last minute toy drive is going on right now at it's new location. kron 4's sara stinson shows us how this drive brings out the holiday spirit of giving in san franciscans. "i'm here at the new lefty's o'doul's it's moved to the fisherman's warf. during the process of moving to a new location their annual toy drive had to stop for a year. it's back up and running.. people here who have been doing this for years say they're trying to bring back the old christmas spirit."nat music: i wanna wish you a merry christmas from the bottom of my heart.""there are 12-thousand kids who could wake up with out a present, we're not going to let that happen right?"for 18 year's the lefty's o'doul's last minute toy drive has worked hard to make sure kids wake up witha present - it'

volatility for years we kprand with the low low violet to it vix was below 12 most of the last five years. if machines profit from high volatility, why didn't any cause more volatility? the answer is, they can't. volatility spiked notably in the beginning of october for some very obvious reasons on concerns that the fed was going to be toos aggressive hiking rates number one. on data showing china slowing. and on tariff worries. none of the issues were resolved the volatility continues the markets have a lot to figure out. we have no idea what 2019 earnings are going to loobl. and of course on top of that we have political risk in the white house as well. that too is also a big problem back to you, melissa. >>bob wob, i'm sorry for being obtuse about this. but are you saying that the machines didn't cause the volatility because if they were in the markets they would have created more volatility. >> remember this debate we had over high frequency trading in 2010 and 2011. we kept saying these people who are coming into the market providing so-called market making activities are causi

s&p is sitting at the november low, thanksgiving low. 2632 we closed november 23rd.itting right there. that would be important. what matters to the markets, you keep mentioning the three, four things if you include oil, fed and rate hikes encouraging sien encouraging signs from kaplan saying to be patient tariffs in trade, the huawei arrest is a big negative, and major reason the market is down so much. growth slow down, that's the major problem going forward. oil here, we don't know yet, there's some concern of production cut may be disappointing. bottom line, we're oversold, down 1500 points in the last few days and still not significant signs of buying interest now that's one thing i'm concerned about. we should be getting some balance here, not yet. back to you. >> just a round trip from beginning of last week that's the unusual part of the big update for more, we're joined by thomas dignan and brian levitt. guys, good to see you. bob ran through a lot of issues we know that the markets are wrestling with the over arching theme what mashlg markets are trying to p

daytime highs will cool into the mid lows will continue through the weekend. weekend. through the lows will continue chilly overnight mid to upper 50s. will cool into the daytime highs freezing at times. or below the temperatures at or below the freezing at times. daytime highs will cool into the mid to upper 50s. chilly overnight lows will continue weekend. (vicki) weekend. (vicki) and don't forget you can track the weather in your neighborhood with the kron-4 app. we have full forecasts .... interactive radar.. and rainfall totals around the bay area. just download the kron-4 mobile app <> <>(grant) the community of newman in stanislaus county held a vigil for corporal ronil "ron" singh.... he was shot and killed on wednesday after stopping the man he suspected of driving drunk....(tele vo and after a two day manhunt...polic e captured gustavo perez arriaga in the small community of lamont... just outside bakersfield. and he was not the only one arrested. kron-4's justine waldman tells us the major developments... reggie singh / brother he was my older brother. yes. he's not coming b

it is low bond yields. what do you tli it means this year >> i think it leaves us with a more uncertain economy i'm not of a belief we are looking at a stronger than expect expe expected economy i don't think there's necessarily going to be a recession but i just think it's just going to be a more cautious world going forward. i think what happens will be a positive if they can settle the trade issues if you just look at what's happening in china, china is slowing down significantly so. so i just think it is really a reaction to what i think is the reality which is the economy is going okay but earnings i think are going to decelerate and i think it is going to be slower growth going forward >> and, you know, we should offer some context here which is that today's market we lost half of what we gained in six days. >> exactly >> it did seem to come out of nowhere given the news of what we had talk about financials though they did get hit very hard today. some of the names making big moves. citi group all dro

we are off session lows. the low is 60 points on the dow. we are down around 2%. nasdaq down 2.9% >>> we'll look at w hofed governors are reacting we'll be right back. so a tree falls on your brand-new car and totals it. and as if that wasn't bad enough, now your insurance won't replace it outright because of depreciation. if your insurance won't replace your car, what good is it? you'd be better off just taking your money and throwing it right into the harbor. i'm regret that. with new car replacement, if your brand-new car gets totaled, liberty mutual will pay the entire value plus depreciation. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to edge intelligence. it can do so m

area of low pressure moving out. rain into the region just in time for

short interest is very, very low.t's a darling darlings have a way of sometimes coming apart costco today. >> i think an important to point and dan alluded to this as well. i was talking about the fact that when options premiums are expensive you want to look for other options to sell against it but the other critical thing to do is to try to look at levels where you think the stock might find support if you buy a put spread or where it might run into resistance if you buy a call spread for example. a reason why you want to sell those way out of the money options. the likelihood of getting to that 65 strike is actually significantly lower than it is of either getting to the break even or hitting the first strike they tend to be most expensive on the board. >> for everything "options action." check out the website. sign up for the news letter. in week's edition reechls all of this carter's hair secrets. a great head of hair here is what's coming up next. >> announcer: stocks on the fast track lower. and if you're worri

overnight lows will dip into the 30s and 40s.colder, wind- sheltered valley locations will likely see overnight low temperatures at or below the freezing at times. daytime highs will cool into the mid to upper 50s. chilly overnight lows will continue through the weekend. a d-u-i prevention pilot program will now be the law of the land for d-u-i offenders statewide in 2019. the technology was tested in 4-california-counties, over an 8-year period and has prevented hundreds-of- thousands of drunk drivers from starting-up their cars. kron4's haaziq madyun has the story nats/igntion interlock device take a good look. if you get busted driving under the influence of alcohol in 2019 a new state law will require you to have one of these ignition interlock devices in your vehicle that will prevent you from starting it upsot

we permit low wages that is something we can do. but the economy of the future in my opinion should be one emphasizes skills encouraging people to build up their human capital and orients us that we will flourish and thrive as automation continues and other countries can do the things that we could take advantage of here. that is an odd idea but if i wanted to purchase a washing machine in 1950 had no choice but to go to a domestic supplier these days us company that made that in china. it could be cheaper and then to have pretty big benefits. what you see now is the scope of off shoring expanding. for certain jobs only done here in the united states today that can be done in the philippines. and to try to trim your hedges or mow your lawn. labor-intensive work with a similar set of tools and if you have a big increase a lot of american middle-class families you could be a single adult and i you hire someone to do that for you. and that has complemented those american families. what if you could have a robotic lawnmower? those were

bob, close to session lows now >> yeah.so ago i would say it was a little bit undetermined where we were going. now we're at the lows for the day. would have a rally but not looking promising. look at the s&p 500. the levels to watch is the lows we had on yesterday. that would be 2347 where are we right now an hour ago i would say i wasn't sure if we were going to sell the rallies or buy the dip the market hasn't closed yet we could get a rally on the day but right now we're near the lows as i said before, put up the full screen. keep an eye on 2347. that was the low yesterday next full screen, hopes for a year-end rally pension rebalancing, buybacks. the end of tax loss selling. we saw evidence that was happening the last couple days and, of course, short covering that's going on. new data we got today from ihs markets, those people who are out shorting stocks in december, well, so far it looks profitable for them down 17.5% this lends credence to the idea that part of yesterday's rally was due to short covering. back to y

taking jardiance with a sulfonylurea or insulin may cause low blood sugar.dical conditions. so-what do you think? well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters. ask your doctor about jardiance- (ácommercialá)(áábreakáá) another nice one today with temperatures into the upper 50's and low 60's under partly cloudy skies. conditions will stay dry up to tomorrow night when overnight rainfall pushes across the bay area. things will dry back out into the weekend ( robin ) no major hot ( james ) when you think of saturn -- the iconic rings probably come to mind. but the distinctive feature could one day just disappear. nasa predicts the rings around the planet will be pulled apart by the gas giant's gravity in less than 100 million years. the rings are made up of ice -- which range in size from microscopic grains to huge boulders. according to nasa, the rings will create a severe flood as they break apart -- enough to fill an olympic size swimming pool every 30 minutes. ( james )

overnight lows will dip into the 30s and 40s.- sheltered valley locations will likely see temperatures at or below the freezing at times. daytime highs will cool into the mid to upper 50s. chilly overnight lows will continue through the weekend. (grant) for youth health toght.. flu cases are on the rise... that's according to the latest report from the latest according to that's rise... are on the flu cases tonight.. health for youth (grant) weekend. through the lows will continue chilly overnight mid to upper 50s. chilly overnight lows will continue through the weekend. (grant) for youth health tonight.. flu cases are on the rise... that's according to the latest report from the c-d-c. they say the number of states with high flu activity is up from the previous week surveyed. karin caifa looks at the flu map, and what you need to know, to start the new year healthy. just in time for a busy holiday travel weekend --and massive new year's eve celebrations, where millions will ring in 20-19 in tight quarters --the flu, is on the ri

relief down the road we're in this game of how low is low, how extreme is extreme. you don't really know. it is a perfectly plausible flush we've had, just maybe not as extreme as people would like to see >> pl >> all right thanks for watching. "fast money" starts right now. >>> live from the nasdaq market site, i'm melissa lee. we have your traders on the desk tonight on fast, red december is on stocks tanking again today, but one strategist says the market isn't dead yet plus it just keeps getting worse for goldman sachs, but the chart master says there is one thing that has him pressing the buy button and we start with the market selloff, s&p 500 taking out the february lows in the final minutes of trading we did slightly bounce off the low. meantime the dow droping more than 500 points, nasdaq wiping out its gains for the year sos as we sink further into a correction, are we heading straight for a bear market are the bears here to stay >> we're in the window of the holiday. >> and so a christmas special. >> when the market is nos as t g of a turmoil i think the

but the supply is low.ng garage being built in the east bay. ( darya) still ahead ... we take a look at the impact the partial (ácommercialá) ♪ toyland, toyland ♪ little girl and boy land ♪ while you dwell within it ♪ you are ever happy there daddy, it's christmas! ♪ childhoods, joyland never let go of your dreams. the mercedes-benz winter event is back. lease the glc 300 for $459 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. ( will )(áá2 shotáá) in the east bay... there are parking problems at the walnut creek bart station. construction is underway on a new parking garage for bart's new transit village development ...( darya ) but as kron four's philippe djegal tells us... just days after permits went on sale to park in the new garage -- they sold out. as the year comes to a close... construction crews are getting closer to finishing the new south garage at the walnut creek bart station. the old south parking lot was shutdown to make way for the project... and, when it's a

new lows today, 500 new lows today.ames some of them in the industrial space and lock heed morgan stanley all of the big regional and money center banks and some of the oil service names. i say not out of the woods just quickly. know fed and rates have a better stone. we are unresolved. tariffs as well as economic slow downs. back to you. >> thanks for that let's head to the nasdaq >> it is really is highlight of the day here we had a big reversal coming from the big tech names. take a look. that is what lead it and what has outperformed today it had about a 200 point swing from the lows. the faang names playing a big part, particularly the reversal on amazon following netflix's early charge in the morning. that contributed to the upside movement big names added to the points on the upside including microsoft chip stocks had gone into bare market territory you have a lot of names that finished well in the red as a result here as we close the day apple is now the third most valuable company in the s & p 500 behind micro

we're not special, sort of on the low side of the middle of the pack. >> we're on the low side of the middle of the pack, but yet our government guarantees far exceed those most of the world. >> that's absolutely right, congressman, but if you look at comparative housing finance systems, we see that our intervention with government guarantees and gses are unique. we're the only housing system that put government-sponsored enterprise at the dominating center of the system. that was a mistake and it is clear we should not repeat it. >> and others make this argument that say, oh, european countries also support this housing finance systems because they guarantee deposits, just like we do in the united states, right? they have implicit too big to fail guarantees, just like we shouldn't have but do have here in the united states as well. do you see any ability for us to argue with credibility that they're supporting their housing systems to the same level we're supporting our housing system? >> other countries often have a lot of low-income support, but what they don't do and what it's a m

you can expect 30s to 40s to start out, and partly cloudy skies and everyone main the low 50s to start, and by 4:00, it is mid-50s and another cold night tonight, and couple of chances of rain to talk about in the week ahead. the first full week of december, and i will have it inniit in a moment, kate. >> president trump has declared this wednesday as the national day of mourning. the president will lie in the rotunda, and the public can may their respects. and then wednesday night until thursday morning, bush will lie in are repose at a chur houston after a memorial service in washington. and then a second service will be held at his church on thursday. >> reporter: the president died here words "i love you, too," spoke to his son former president george bush. >> reporter: angela merkel are recalls working with him with the help berlin wall. >> we will never forget that. >> reporter: and the kuwaitis who helped with the invasion of iraq. and this man post iing a photo his son and daughter, and also his granddaughter paying tribute. jenna bush haeger said that he taught us about servic

low visibilities. really low. low in spots that don't show up with that on the road weather index.tbound 92, just about 880, reports of a crash blocking two lanes. cause of the block. and may travel into the fog we saw across the san mateo showed you this. the fog continued to move over to the peninsula side. now onlowe t visibility. definitely slow down those speeds. the major factor heading across 92 from hayward over to thespot. a live look at san jose. this morning we had a lot of fog here. actually looking clearer now. i want to point out right here. the freeway that's slowing 101 at 680 northbound from 101. the white line right there is what referred to as the fog line. you can use it for assistance during lower visibility to tell where the edge of the freeway is. don't count on that 100%. use all your senses, of course, and logic. watch for flashing lights. that fog cleared from this report here in san jose, just as the kmoo commute is starting to build. >> thanks, mike. good advice. >>>6:. >>> a food recall. before you eat that breakfast. it 25,000 pounds of jimmy deans por

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. in a sense that a approval ratings are pretty low.here is something else that comes into the french scenario, he has come in with their new move it and basically displaced all be existing parties so basically there is no real opposition in parliament... and that spells out onto the street... exactly. that gives the more legitimacy because other people that might have fought some things in parliament, let's say the socialists, they may be more enticed tojoin in the socialists, they may be more enticed to join in the thought process of the guys on the street. in order to resolve the kind of issues we are discussing, you have to have very long—term thinking. politicians do not do that. they have to get re—elected. politicians do not do that. they have to get re-elected. one good example, the german chancellor who had this reform which set germany up to succeed. it got him out of office but he had far reaching reforms that set up the country is to succeed. most politicians will not do that. they either won't or they can't because they wil