cnbc's mandy drury is here with the market rundown. mandy, what's behind this 261-point uptake? >> you could really look overseas to china last week before this move, jose, because it's a huge week for economic data out of china, and some of it came in weaker than expected overnight. so why do you say we're rallying on a weaker than expected chinese economic data? it's obviously a boost of more stimulus measures there, not that those slowing down would necessarily put us in places like europe and around the world in recession, but we certainly do not need that extra headwind. the u.s., our economy is doing fine, we just can't do all the heavy lifting by ourselves, can we? so largely that move from china overnight and the soothing comments from regulators there helping things. we're also seeing big gains in sector financials here today. all sectors are higher, in fact. talking about tech, jose, apple

mandy? >> will today bring the first rate hike in nine years? that is the big question. in less than one hour from now the fed's decision will drop. where do policymakers stand right now headed into the big decision? senior economics reporter steve laesm liesman is also in washington live. what are you hearing? >> i think it's worthwhile to go back and say how did we get here? how do we go into a meeting of such consequence without really being sure what's going to happen. 50/50 on both sides. you heard at the top of the show some of the brightest minds are disagreeing. i want to show you some critical fed comments made that's led us here. let's start with september 4th, the beginning of this month where john williams came forward and said i do worry on both sides of the ledger. we don't want to wait too long. we don't want to undermine the recovery. he's a centrist there. and jeff lacquer, one of the hawks on the committee, gave a speech that same day. the case against further delay. go bac

mandy drury is at the stock exchange. we have a big sell-off to start the week but don't worry, we are looking for ways to help you protect your money. five stocks our guests say can help you in this volatile market. plus the battered biotechs. will that group return to its previous wall street glory or is it time to sell, sell, sell if you still own them? there's a lot of questions, we have answers ahead, and here is mandy down at the new york stock exchange. >> the dow was on pace for the third straight negative quarter as we're sitting right now around the lows of the day and the s&p and the nasdaq are suffering their longest losing streak now in a month. let's take a look at the numbers there for you. the dow is currently off by 266 points. the s&p is down by 41 and the nasdaq, look at that, a 2.6% drop, 125 points being shed off the nasdaq. all three are now in correction territory. let's get more on the trading action on the floor of the stock exchange. it's a pretty ugly day, it really feels like the market is havi

i'm mandy drury at the nyse. it's time for power pitch where entrepreneurs get only 60 seconds to make their pitch and then a panel of experts decides whether the company has what it takes to become the next big thing. >> hi, i'm dr. laura oboler. >> i'm marjorie goldner. we have a simple mission. to make it easy for women to have babies. millions of babies are born each year but not every one who wants a baby are so lucky. couples are currently spending $5 billion annually on fertility and there are no affordable options. our solution preg prep. developed for any woman ready to have a baby. >> as sperm swim to the egg it can be slowed down by cervical mu cass. this thins cervical mucus so the sperm has a better chance of reaching the eggs and it really works. and it's been so successful that it's currently being carried into 2,300 cvs stores nationwide. come join our megs and get preg prep into the hands of every woman ready to have a baby. >> we just saw the pitch for pre g prep now let's meet the panel. joinin

thank you. >> mandy? >> yeah, a lot of things we like to share in this world and misery is not one of them. almost half of the stocks in the nasdaq 100 are in correction territory and a number of names in a bear market, off 20% or more. stocks getting hit the hardest in the tech bracket headed your way and a look at the s&p sectors so far this year. energy, for one, is down over 20%. materials down 15. dow still bumping around session lows. we're back right after this. >>> and welcome back to "power lunch." shares of video processing chip-maker ambarella down about 6% as they post their second-quarter results today after the closing bell. it could be a tough report and gopro stock also as session lows, lows not seen since april and down 56% again from its all-time high and still trading above its ipo price of 24 bucks a share when the company went public in june of last year. that's the stock side of things. let's go to the bond market and chicago and rick santelli over at cme. over to you, rick. >> thank

let me try to answer mandy's question. why are we down today? i see three clear reasons and you can assign whatever weight you want to any of these. first one, this is a quadruple witching expiration. that's quarterly expiration of stock, index, and futures. we had interesting volume at the open. it's hard to sort that out but that's some kind of influence. second, oil is down 4%. this is a proxy for global growth clearly impacting energy, materials, and industrial stocks today, and finally, the whole fed's message on global growth, and it was pretty down beat here and i think that's really impacting markets participants' expectation of where stocks should be. if you look at the stocks that would be impacted, ge and 3m and caterpillar, your usual names. everything is down about 2% in this particular space. if you look at oil stocks with oil down today, the big names here, particularly in the exploration and production space, the ones most directly impacted, apache, continentals and anadarko, all down 3% to 4%. finally, the 10-year yield down put

mandy, back to you. >> the brazilian 10 year is at 16.5%. thank you very much. >>> oil is also under pressure on the back of the latest inventory data. we got supplies down from last week but the refinery run rate was down. wti crude is off by 2.6%. brent is down by 1.3%. crude was moving higher earlier on this morning. we saw a reversal there. tyler, over to you. >> to dominic chu we go. >> tyler, mandy, biomed realties up about 14% to 15% on talks that it has attracted possible interest for a deal from private equity firm blackstone. that's akouccording to a bloomb report. it's a reit that specializes or is geared around biotech. certainly shares to watch. back over to you. >> thank you very much, dom. pope francis beginning his first full day in the united states. he met with president obama at the white house. the holy father has not been afraid to criticize the free market system, globalization, technology, consumerism. made his views known on climate change as well. we will discuss his influence on business and the economy next. you're

um, for the last like six years. >> what killed mandy carter?e me drug inn tock indication. the drug in this case heroin. lieutenant dennis rosen obama's northeast detectives investigated the case. >> medical examiner's office said overdose. which is not uncommon in philadelphia. unfortunately we see a great deal of them. >> amanda carter's parents admit their daughter was drug addicted several years ago. the results of narcotics taken for an injury and being bipolar. they believe she had kicked her habit in rehab and showed every sign of staying clean. they want to know much more about the man she was with that night. it's this man. arriving at the philadelphia home where he's living. we're not naming or showing him because police have not charged him with anything. the 33 year old has a troubled past. according to court documents records he plead guilty in 2009 to criminal charges including dui and causing a serious accident while not properly licensed. he served time. montgomery county adult probation says, he's under supervision until 2017.

for the last six years. >> reporter: what killed mandy carter?ication. the drug in this case, her heroin. lieutenant dennis rosenbaum's northeast detectives investigated the case. >> medical examiner's office said overdose. um, which is not uncommon in philadelphia. unfortunately we see a great deal of them. >> reporter: amanda carter's parents admit their daughter was drug addicted several years ago. the results of narcotics taken for an injury and being bipolar. they believe she had kicked her habit in rehab and showed every sign of staying clean. they want to know much more about the man she was with that night. it's this man, arriving at the philadelphia home where he's living. we're not naming or showing him because police have not charged him with anything. the 33 year old has a doubled past. according to court records, he pled guilty in 2009 to criminal charges including dui and causing a serious accident while not properly licensed. he served time. montgomery county add dull probation says, he's under supervision until 2017. dwayne little

i am joined by mandy. and also briannea who completed one of these treks. thank you for joining us. for a lot of people think it is for sunday out of high school -- somebody out of high school. a gap year, what so great about this experience? >> yeah. we loosely define what a gap year is. a lot of people say is for high schoolers. it could be for anyone switching careers, learning something different. could be a year, 5 months, 5 years. it is the best place to do it. >> reporter: one experience right now, australia is making it easy and working with you to make it cheap to get a work visa. what does it to for the country? >> they reached out a few months ago and wanted to

mandy it is. >> okay. a deeper dive on the markets and a couple of stocks catching jim iuorio's eyes. welcome back to "power lunch." good to see you. looking at s&p, sitting at 1955, 20 points away from a level that would make you start to feel like we have a bit more momentum to the upside for you to get more bullish. >> well, there's no question about it. it feels to me like the correction has some more things that it has to accomplish. it has to chase some of the weaker hands out of the market. i don't think that this is anything more sinister than a correction, nor do i think it's over. like you said, i think it's over if it can settle above 1977, it will look like the settlement period is done. look at rates. rates have stayed relatively high despite the fact that we've gone through this correction and we know it's probably because china's selling tenure is at the same time this is happening. people is not making buying for dividends to happen. >> this is not going to be a 2008, is it? >> so funny tha

mandy? >> okay. and a major exclusive in the next hour, bertha, because we have the ceo of one of the by yes techs highlighted for soaring drug prices. stocks overall giving up their big gains. let's look at the numbers. the dow is currently only up by 31 points. the s&p up by less than 1 point, and the nasdaq is currently sitting to the downside. bob pisani joins us from the nyse floor. not just what's happening with biotechs but a plethora of fed speak to digest here for the market, largely hawkish as well. >> and i think that is impacting as well. let's take a look at the s&p 500. 3 to 2 advancing to declining stocks at the new york stock exchange but it was a lot bet irthan that earlier. the volume is on the moderate side after friday's titanic volume, second biggest volume day of the year. put up the s&p 500. we started turning south a bit right around the european close around 11:30 but i think 3457ndy has it right. all that talk from fed officials about maybe raising rates combined with hillar

mandy? >> thank you very much. shares of volkswagen are down but not as much as they have been in the past few days. a new ceo is expected to be named tomorrow and names involved in the emissions scandal expected to be released. phil below has been following the story closely and what is the latest on that? >> we're getting a little more clarity about who will be the new ceo of volkswagen. let me bring you up to speed in terms of where this scandal stands in terms of the number of diesel engines worldwide that may have been rigged by volkswagen. remember, 482,000 according to the epa rigged in the u.s. to beat clean air emissions tests. now the german transport minister is saying that volkswagen has admitted to rigging engines in europe as well. no number was given, and there's no explanation yet from volkswagen whether or not that is, in fact, true, but that's the report according to the german transport minister. meanwhile, volkswagen plans to name those responsible, at least some of those

all that would change when mandy was blessed with the ultimate gift. >> it really didn't seem real. it was the best thing ever. like, i'm going to wake up and this isn't real. i have dreams about it. >> reporter: the reality is complicated. after mandy and her husband endured the loss of a newborn premature son, they considered turning to a surrogate for help. >> we met with an adoption agency. then some family members came forward and said, yeah, i might be a surrogate. at first we thought, that's crazy. we started reading about other families doing it. >> reporter: after trips to specialists and countless tests, mandy's mother was chosen as the best candidate. >> pregnancy was easy. i like being pregnant. i never minded being pregnant. if it was something i could do for her, why not. i knew they were the only ones that really could go through it all. i know my mom is the only one that could. she was a rock star. it's not an easy process at all. >> reporter: it brought an added benefit for sherry. >> i didn't be a surrogate to put my m.s. in remission

mandy? >> we certainly will. we have a news alert in the bond market as well with two year notes up for auction. rick san telly, what is demand like? >> well, the grade for demand at 1:00 eastern was a krchc as in charlie. two year notes offered for auction. the yield .699. basically right at the 70 basis point bid of the when issued market offered at 69 1/2. 3.27 was the cover. that was a little light. 3.41 auction average. all the other metrics are close to the average. 13.3 on directs. and 43.5% go to primary dealers. it's a sea in considering all of the volatility in the two year. not surprising tomorrow we'll have five year notes to the tune of 35 billion. back to you. >> thank you very much. i'll hand that over to tyler. >> all right. no worries. josh lipton is live at the tech crunch disrupt conference out in san francisco. just got an interview soft banks coo. >> i are buying soft bank stock. a huge vote of confidence. why the move into cash and why so confident about soft banks future? >> i worked at goo

>> mandy, the u.s. justice department confirms to cnbc that it is launching its own emissions-related investigation into volkswagen and those charges essentially that it had devices on its cars designed to defeat emissions tests of one kind or another. earlier in the day also here in washington, the environmental protection agency announced it was expanding its probe beyond volkswagen and sending out letters to all u.s. auto manufacturers -- or all auto manufacturers that it would be stepping up its emissions testing regime as well. also from germany, volkswagen as expected announcing that matthew matthias -- mattias muller, excuse me, he is going to do everything he can to win back the trust. he said we stand by our responsibility. carefulness is even more important than speed and the company would introduce even tougher compliance rules in the days ahead. the lead here, the doj, department of justice, launching an investigation into those volkswagen emissions problems. >> hampton pearson, thank you ve

mandy drury is at the stock exchange. we have a big sell-off to start the week but don't worry, we are looking for ways to help you protect your money. five stocks our guests say can help you in this volatile market. plus the battered biotechs. will that group return to its previous wall street glory or is it time to sell, sell, sell if you still own them? there's a lot of questions, we have answers ahead, and here is mandy down at the new york stock exchange. >> the dow was on pace for the third straight negative quarter as we're sitting right now around the lows of the day and the s&p and the nasdaq are suffering their longest losing streak now

. >> called mandy, mandy poons. tti.re about 100 descendent out of the pope, there was a pope, the longest running pope back in the 1800s. so, i look on the internet for the outfit. and i made sure that when we go see the pope, that he knows he has a relative of my dog. >> you seem like you're out of your minds. >> thank you. >> so fun. >> how many pieces are part of this costume? >> actually three. >> one on the coat, one in the -- one on the drape here, and the hat, and the hat, yes. >> he likes it, he likes it, he wasn't catholic before there is but now he is. >> so he converted? >> he's been converted. >> he will be nice and ready, correct, yes. he'll be ready poortti. >> now, you hope to see the pope? >> i hope to see the pope. we don't have the tickets, but we will come over. i don'ti don't know with the cr, if there are other pets. >> i hate to brick this, they just announced unless it is a service dog with a sign. >> oh, that's what i ways wondering. >> no dogs? >> no dogs. >> so how is mike going to get around.

mandy lost the baby boy she named theo. >> we had so much excitement.ou carry the baby for so long and then that's all like ripped apart and taken away. your whole world stops. >> reporter: her mom sherry felt the pain too. >> watch your child lose a child is the definition of sadness. i can't describe it any other way. >> reporter: doctors warned them a premature birth could happen again. >> we had a lot of tough decisions. we talked to adoption agencies. that's when i had some family members step in. >> i decided if that was surrogacy or somebody needing to carry their child, i was going to volunteer. >> reporter: it was an easy decision for sherry who at 51 had three grown kids of her own. >> to be able to give that to your own child i can't even describe that feeling. >> reporter: but could be complications. sherry was a high risk pregnancy because of her age and her diagnosis of multiple sclerosis, a disease that attacks the central nervous system. >> my husband was probably more concerned than i was because i was all in. >> reporter: while there w

. >> i'm tyler mathisen, along with mandy drury. welcome to "power lunch." >>> forget foreclosures, folks. this is the new frontier for real estate investors and it is going to give major boosts to some of the home builders. >>> he's made some pretty bold calls and often right. hedge fund titan david tepper gives us his new market call. >>> a nice rally taking shape right now on wall street. the transports getting a pop. the stocks that are driving the gains all a and more this hour on "power." >>> we begin with the american housing market. a new frontier for investors in rental homes. forget about foreclosures, they're buying new. that could mean a big boost to builders. diana olick is actually here -- she's in the house, excuse the pun -- to explain how it all works. >> li, mandy. love a good pun. look, it was supposedly a temporary trade. large-scale investors turning foreclosures into single-family rentals. then when home prices recovered, they'd sell the homes and pocket a nice profit. but investors say it is not a trade. a bun

hi, rick. >> hi, mandy. whether investors want to admit it or not, if you look at an intraday of ten, it's a pretty compact range and 216, 217 is basically unchanged on the year. so what do treasuries think about thursday's meeting? well, it's anybody's guess, but we're not at 18,000 in the dow, we're at 16,3000, so definitely that market has taken some notice of what may or may not occur on thursday. and if you want to look at september, month to day charts along the curve on the dollar index, it's very enlightening. if you look at a two-year, we are flirting with a small change. 66 is unchanged on the year. ten-year about a ten basis point range. by the way, bund yields are a third of our ten-year note yields and they've had a 15 basis point high to low yield close range for the month of september thus far. 30-year bonds about 10 basis points. the only one that is giving you a clue is the dollar index and its weakness speaks volumes about the market not being ready for any type of rate increase. even if we

but now without further ado, let's get to jon fortt in san francisco. >> reporter: mandy, this is an incredibly important event not just because apple is the most valuable company in the world, not just because the iphone which we expect to see a refresh here today is the most popular product in the world, but because the combination of those two things, and all the companies that are trying to compete with apple from samsung to microsoft to others, all of those futures hinge on what apple announces today. can they continue their momentum in the iphone as they've been stealing share from android. or have they just gotten too big to grow further here. we expect to hear not just about the iphone but also about apple tv and the ipad. right now i can tell you, apple's ceo, tim cook, has taken the stage to cheers and is kicking off this event, mandy and tyler. >> jon, quick question. iphone is obviously product one for the company. but my guessing is that the i mad is an area of particular focus to the extent that its sales have sort of leveled off a little bit. that the new bigger iphone

- i will take it. >> he's a giver. >> i'm tyler mathisen along with mandy drury.dal has claimed its first victim. the ceo stepping down but this scandal is having a far-reaching impact far beyond the board room and the c suite especially in the auto supplier stocks. >> stocks in general are under pressure. the major averages are down 2.5% in the past one week. the mega cap names weighing down this market right now, we've got them for you.

sorry, mandy. something's stuck in my throat!> we had not had a recession in australia since 1991, i will have you know! >> not since they discovered iron ore has australia had a problem. >> i like a weak aussie dollar. below 70? it's a bargain. >> i think jamie owes you lunch. >> i think the growth is between flat and 3%. >>> ron and brian, stick around. joining us now, jeff, you are ron insana's new best friend because you agree with him and saying this is just a market retest. >> yeah. i absolutely agree with that. i think it happened too soon. retest and gene can correct me on this. retest usually take two to three weeks, not two to three days. if you look at some of the market internals like the invaluable lowery's supply and demand line, the sellers had a higher high than it was last week. i think we are in a bottoming process but i don't think it is complete. >> gene, agree or disagree zp. >> i agree entirely with jeff and with ron. i think that we are in a correction. i think there is probably a bit more to go but we've s

back to you guys, ty and mandy. >> thank you very much. let's take a look at the gold prices right now which are currently closing. brick sitting there up by 1.5%. $1,119. we saw earlier the gold miners are rising nicely on the back of that move. silver, copper, pa laid yum, and platinum are all moving higher as well and the dollar is on the back foot which helps. tyler, over to you. >> the dow up about 95 points right now. stocks higher generally on this fed day. let's get today's trading action from bob pisani at the floor of the new york stock exchange. >> we're about to break out of an interesting range we've been in recently. august 24, 25 lows, we are now on the verge of breaking past thoughs l those lows. right now the s&p 500 up a little more than 0.5%. that's right in track for the regular rally we see ahead of the fomc meeting. the s&p is up an average 0.49%. we'll see that move likely happen today again once again. so big discussion here about how much influence the fed has, and, guys, the important thing is 80% of annual excess

let's check in with cnbc's mandy drury.mandy, is this because of this? >> well, you know, it is kind of like everyone's in wait-and-see mode. aren't there? there is hot anticipation for tomorrow as to what the fed is going to do but this is after yesterday's gain as well. just to put that in context, there is a tendency of stocks to rise in the 24-hour period before an fomc announcement. but nonetheless, the majority of forecasters at this stage are not expecting a hike tomorrow which would be the first in nearly a decade. in which case the market reaction tomorrow has it maybe more perhaps on the forward guidance. if there is no hike, it will be all focused on forward guidance, like will it be several meetings before the first hike, or whether it is imminent. regardless, some just want the fed to move and do it to get rid of this uncertainty. but today we got an inflation number and it didn't really give the fed any reason to move. it was u.s. consumer prices, and they actually edged down in august, the first decline in se

. >> and stocks are coming back again mandy, the dow was up just under triple digits incredibly we are nearly positive for the month. >> expect the undetected e. expected because there is confusion and anger and it's boiling over in europe. migrants many escaping war in syria, iraq, afghanistan trying to move into europe, this has become a very serious crisis. >>> you can see the stocks are higher, up about 90 points on the dow, they are giving up some of the earlier gains. earlier today we were up as much as 198 points and that's when we were positive for the month of september. albeit briefly. bob pass annie joining us from the floor of the new york stock exchange. >> we had a rally but we are offer of the highs, the s&p 500 we started strong, as you see we have come off of those highs. that has largely happened since the european close, some were speculating a lot of buying interest out of europe once that stopped the buying interest here somewhat evaporated. volume is knots particularly strong today, about an average day. let's take a look at why the rally that we had earlier. i ta

i'm mandy drury with brian sullivan standing in for tyler mathisen today. there is a huge call on oil from goldman sachs. >> we have the man behind it. if it happens it could be a nightmare for the entire oil industry from north dakota to texas to venezuela to russia. one year ago, by the way, that's when oil's descent began. crude down 50% in just a year. >>> what are you going to be doing with your money on thursday next week at 2:01 p.m. eastern? we'll help you make some decisions whether the make makes a move or not. >>> doctors are likely to change their procedures after hearing this major news on blood pressure. everybody needs to pay attention. >>> a lot to do today. we'll start with a check on oil trading because oil is down by 3%. one reason might be a note from goldman sachs that came out this morning suggesting that oil could -- not will, but could fall as low as $20 per barrel saying, "the oil market is even more oversupplied than we had expected and the potential for oil prices to fall to such levels which we estimate near $20 a barrel is becom

. >> mandy, we'll see you then. about 15 minutes away. let's do our trader blitz.our trades on four stocks making news today. first up, goldman sachs. steph, this is yours. goingen him reit rates its buy. >> i'm going to jump on this one. goingen him -- today. it's bank of america. >> double-check before i go to you. >> you never know. >> i'll take it. >> twitter. twitter is up today, and they're teaming up with square. >> how did that happen? >> yeah. that must have been a tough negotiation. it is actually really interesting. what they're going to let you do, if you are a campaign manager, you're able to tweet out a donate now tweet and people can respond to it. they get sent to a page where ultimately they're uploading their debit card explanation, making a political campaign, which is no different than they did with e-mail and telephone calls before that. this is just the evolution of campaigning these days. why i think it's relevant to twitter shareholders. not that it's going to be wildly profitable thing, but it does show that there are synergies between squa

let's head to mandy drury at cnbc headquarters with the latest.ng. >> you're right, it's a big drop this morning. the dow opened in negative territory and the nasdaq is also negative year to date. the s&p not back to correction level. the numbers to watch there are 1921. the news is the energy sector being hardest hit here. remember, china is the world's biggest energy consumer, and financials are really low because they've been banking on higher rates down the line. when the chinese pmi data came out this morning with a three-year low, even though it was in line with expectations, i guess the situation is that it was just underscoring the fact that it's slowing down. mind you, and here's the mind you that is very important to note, jose, a lot of factories in and around beijing has been closed for weeks now in order to make the air cleaner ahead of this week's military parade. so remember, that could be something to do with it as well. but nonetheless, it's still putting a big fat red line under the fact that the slowdown in the china economy is

mandy? >> very interesting. >> yeah, very good. >> i learned a lochlt okay, a rally on the street aheads of the intensely watched and debated fed meeting that does kick off tomorrow. what do you do if the fed moves? morgan brennan has smart plays. hi, morgan. >> so today we're digging into consumer staples. based on historical performance, we have winners and losers. so stay tuned. you're watching cnbc, first in business worldwide. lease the 2015 rc 350 for $429 a month for 36 months. see your lexus dealer. want bladder leak underwear that try always discreet underwear and wiggle, giggle, swerve and curve. with soft dual leak guard barriers and a discreet fit that hugs your curves. so bladder leaks can feel like no big deal. get your free pair and valuable coupons at always discreet.com at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. my here at c.k. mondavi.on, the vice president of operations to make this fine wine it takes a lot o

. >> also snubbed is nick of parks and recreation and mandy of homeland. >> that's a mistake. >> sons of anarchy wrapped up its final seventh season didn't get a nod let alone a sympathy nod and many fans say it wasn't fair for the affair to be left behind. ♪ >> the actual max factor studio where lou sill ballgame a red head. >> sean always a red head. >> went ginger and won four emmys. >> maybe i should go red. >> it will take a little bill more than that. >> orange is the new black. >> i don't know if they were tricking us or what. >> thank you so much for appearing with us this morning. >> they had a whole other list of names that we read in rehearsal. so i was -- that's what i thought i was going to read again. so when, upping, it was time to do it for real, what he said -- >> what he said orange is the new black if i had been sitting in the chair i would have fallen out of it. >> i had this dance about six months ago. >> you did. >> with selma. that knocked some of the edges i was. looks, it's amazing that this tiny tiny little film we made we didn't expect anything like this. >>

. >> sounds good, mandy. looking forward to it. the highly anticipated fed meeting kicks off in two days, you might have heard. goldman sachs put out a note on how to trade it with three names to avoid if rates rise. it is our call of the day. all right. so, they look at this -- where am i going here? look at johnson & johnson, colgate-palmolive and rockwell clins, saying these companies have floating rate debt, not a lot of debt but the debt that they have is particularly sensitive to the short end of the curve. thoughts. >> the financing costs will go up. >> exactly. >> it's possible, but is that already in the stocks, a, and, b, will that be offset by some of the other benefits that come along? you know, i think it's too soon to tell. >> to be clear, first they went to everything that was already on the sell list, right, and said this is what's on the sell list. now these are the guys with the most floating rate debt. >> what's interesting to see is if they do raise, does value continue to outperform growth in general, right, be

along with mandy drury from the new york stock exchange, i'm tyler mathisen.tion, china. now, does the fed have a new focus, a new thing to pay attention to? gold hitting two-week highs as the fed stays on hold. is this a good time to go mining in this sector? and check the so-called fang stocks in the past month. what are they? that would be facebook, amazon, netflix, and google, all down, but they're all up this week, folks. have the fangs got their bite back? we'll take a look at at

hi, diana. >> reporter: hi, mandy. i was getting all these alerts this morning that rates could rise on the jobs number and the stock sell-off. but things settled out since then. lenders don't move rates as quickly as the stock market moves, not by far in any case. the average rate on the popular 30-year fixed has been hovering around 4%. still historically low but we did see the huge spike in mortgage refinance applications last week when rates moved just .8% lower. we're not far from it but that could change this afternoon simply due to the timing. lenders put out their rate sheets mid morning which was right as bond markets were selling off. that would have resulted in their rates being a bit higher than yesterday. but since then, bond markets have bounced back. some lenders in just the last hour have started making rate adjustments lower. so on that note, borrowers though are much more keyed in to these very tiny rate moves. why? because a lot more people now have a lot more home equity to tap in to using a re-fi.

tv ad makers mandy grunwald and jim margolis. campaign chairman john podesta. campaign manager robbie much. pollster joe bennyson. communications director jennifer palmieri and close adviser houma abedin. plus husband bill. fund-raising next week but so far not campaigning. >> but you know, she is who she is. and she can't transform her personality overnight. she shouldn't try. >> reporter: looming ahead, whether joe biden jumps into the race. the fbi investigation into her e-mail system and her testimony to congress next month. andrea mitchell, nbc news, washington. >> reporter: this is hallie jackson with the ben carson campaign in san francisco. he's not the loudest voice in the republican race, but carson's making plenty of noise. standing alone as the only republican candidate who could win over front-runner donald trump in a head-to-head match-up. second place nationally and in iowa. a close third in new hampshire. >> what makes you unique? how do you separate yourself from the pack? >> i'm not going to be a traditional politician. i'm not going to do thi

mandy drury from cnbc is here. mandy, good morning. >> hello, jose.rying to make up a little of that ground today so far with the sop working out of the territory. instead of always having to latch on to overseas developments, it's good for us to focus on the fundamentals at home. let me run you through what we got. we got u.s. factory orders rising, orders rising in the spring faster than in 2014. it does suggest the wages are not rising even as unemployment declines. we'll get another reading on unemployment this friday. but regardless, it did have an impact on yields on the upside. they feel the market does add to hide rates. another one was mortgage applications to buying a home last week, and why? you've got the average 30-year mortgage rate holding at a low. that's a good thing. we also have high sector jobs crazy in august, but it's still an okay number. as you can imagine, a lot of energy companies in particular are shedding their work. lots and lots of data today, jose. >> mandy, great seeing you. thank you very much for being with me this mo

[applause] william chalcoff eli chalouh charles lawrence chan mandy chang mark lawrence charette pedro francisco checo douglas macmillan cherry stephen patrick cherry vernon paul cherry nester julio chevalier swede chevalier alexander h. chiang dorothy j. chiarchiaro luis alfonso chimbo robert chin eddie nicholas paul chiofalo john chipura peter a. chirchirillo catherine chirls kyung hee cho abul k. chowdhury mohammad salahuddin chowdhury kirsten l. christophe pamela chu steven chucknick wai chung christopher ciafardini alex f. ciccone frances ann cilente elaine cillo edna cintron nestor andre cintron iii robert dominick cirri juan pablo cisneros-alvarez benjamin keefe clark eugene clark >> and my uncle, uncle bill, 14 years later and not a day goes by that i don't think if you. you are always in my heart, the hearts of all your friends and family. we think of you with every note of music would you. especially when look at your gorgeous daughter. you will never be forgotten. >> and my husband, i know you would do the same for me. you are a loving, caring person that took away from your

mandy evacuations and state of merge -- mandatory evacuations and state of emergency. >>> one person of interest is in custody a desperate search torched who is responsible for the 11 shootings allong the arizona highways. >>> clothing retail is billion dollar market. we'll tell you how one family made hundreds. >>> victoria beckham i talked to the spice girl fashion mogul what she told me about her fashion empire raising her four kids with her husband david beckham and giving back. i was exhausted listening. >> how does she do it? >> reporter: hopefully our drivers are not exhausted. hopefully everybody got sleep this weekend, and ready for sunshine. sun glare a factor on i-95 in delco. delays are not too bad just yet. on the southbound side coming out of the northeast that's another story, jammed from past academy to cottman into girard. no delays on the ben franklin bridge. helps to have the 4th westbound lane back, mass transit is on time so far this morning. my twitter follower in katie in drexel hill reports 55 degrees, that's par for the course as we have chilly numbers throug

i am joined by mandy. and also briannea who completed one of these treks. thank you for joining us. lot of people think it is for sunday out of high school -- somebody out of high school. a gap year, what so great about this experience? >> yeah. we loosely define what a gap year is. a lot of people say is for high schoolers. it could be for anyone switching careers, learning something different. could be a year, 5 months, 5 years. it is the best place to do it. >> reporter: one experience right now, australia is making it easy and working with you to make it cheap to get a work visa. what does it to for the country? >> they reached out a few months ago and wanted to advocate -- [ indiscernible ] >> they asked us to advertise -- [ indiscernible ] >> anyone between 18-30 can go to australia, work, travel, for up to a year, it is a great way to help the economy out and provide all these jobs for someone coming over and learning about the country and working on the farms, or wherever they want. >> reporter: sounds fabulous. [ talking at the same time ] >> reporter: you did this. you did

cnbc's mandy drury has more. >> a record of 10 million units. from pre-orders because they're not going on sale until september 25th. at this stage is really is just still pre-orders. but they say the customer response to the new phones, the iphone 6s and s plus have been extremely positive and pre-orders this weekend were very strong. not just here in the united states but also globally. talking of which, china in particular of course is a big market for apple. apparently the wait time for the big screen, the 6s plus there is around three to four weeks and two to three weeks for the 6s. as for shares today, they are higher today. but still off their record high of $130 a share. as for the rest of the market, it is a bit soggy this morning. we're moving lower, as you would imagine, there's quite a lot of nervousness and a number of people just sitting on the sideline and waiting to see what happens until thursday which is the big fed decision. you probably know there is really no street consensus on this so the uncertainty is still hanging over

you get to watch how that mandy stroyed the -- how that man destroyed the country. >> you are so stupidagical thinking. >> his iran deal was the worst. >> the second worst. >> worser. >> i have a question about trump. can he not turn his head? he does a full upper body turn. he is always doing this. >> i feel like trump is what slimer from "ghostbusters" looked like before he game a ghost. >> that's fair. jeb bush smoked pot. tom, you said you think this humanized jeb. >> yes. >> i think it would humanize him if he were for legalizing. he smoked it, a lot, by the way, and he doesn't want to legalize it. >> that's a whole other issue. i think it makes him a regular guy. it is not based on policy. >> just a regular guy who broke the law and now wants to be president. rob you said you don't care if jeb smoked weed an hour before the debate. that might have been ben carson. that dude is way too chill. >> he was a little chill. i don't want to name names, but i do buy my weed from ben carson. >> that makes it medical marijuana. >> that is the other thing. he is a doctor so he can write a scr

cnbc's mandy drury is here with an explanation of what we can expect today. >> good morning, jose.r fall in the chinese market overnight. but we have a big day of economic data here at home. it was generally mixed so all in all, pretty hard to get a very clear reading of what it means for this thursday's rate decision. but let me quickly run you through some of the economic data headlines here, jose. one, we got retail sales which were better than expected but after a steep fall in august, the september new york manufacturing saw no bounce back and that's a sign that perhaps some manufacturers are struggling with the strong dollar. we also saw automakers in particular they cut back sharply on their production in the month of august. bottom line, as i say, it is a mixed picture. we'll have to wait for tomorrow's cpi. that's going to be keenly watched by the fed for signs of inflationary pressure. as for stocks, the dow is still about 10% below its record high. the s&p and nasdaq are roughly 8% below their record highs. we're not far from those lofty heights. we're sort of in that wa

i'm joined by mandy schmidt. and briana para. thank you for joining us. i want to first ask you, this might be for something right out of high school. it may be mid career. a gap year. what is so great about this? what does it do for you? >> we tend to loosely define what a gap year is. it can be for anyone trying to switch careers or learn something different. it can be up to a year, five years. going overseas is the best place to do it. >> why are they reaching out? what does it do for the country? >> we wanted to advocate the working visa say among the americans and the canadians. americans don't take as much advantage of the gap year as we should compared to europeans so they asked us to advertise their working holiday visa. so anyone between 18 and 30 can go to australia, work, travel, hang out at the beach if they want to up to a year. it is a great way to help the economy out and provide all of these short term jobs for someone coming over and learning about the country and working on some of the farms or whatever they want. >> sounds fabulous. i w

along with mandy drury, i'm tyler mathisen.ott just pointed tout a very bearish month and a very bearish quarter. the average is posting their biggest gains today in three weeks though they are, as scott mentioned, a little off the high, but it is nice on this last day of september to see some green numbers in the column. the dow, s&p, and nasdaq all down more than 7% in the third quarter. there you see the graphic. look at that. is there a fourth quarter rebound ahead for equities? we'll ask mo