s. mcdonald distinguished university professor. >> distinguished. oh, my goodness. >> congratulations. >> wow. >> he is on set with joe? >> political writer for "the new york times" nick confessore and yamish el sandor. we will get to the ritchie rich story in just a moment. there's checks here, fred trump's transfers to his kids and it all indicates that donald trump didn't get a million dollar loan from his daddy, which is a lot, but millions. >> yeah. >> many, many, many millions. >> you know, mika -- >> ritchie rich was worth $8 million.

saw yesterday. >> look, i mean a lot of big names are coming the lauren hear from caterpillar mcdonald's and sown 40 and quarter nasdaq is town 124. red in europe as well with stocks there down 2. % looking at the german market 1.7% look at the french market. in asia today is a big gain we talk about this yesterday but now all of these markets are sharply lower. big turn arngd in hong kong stocks down more than 3% shanghai lost two and quarter percent. fbn:am continues right now. >> 5:32 a.m. here in new york it is tuesday october 23 rtd good morning i'm cheryl casone. >> good morning everybody i'm lauren simonetti. >> well we're with looking right now to live pictures that we're monitoring out of turkey the president is now releasing details on the immigration into the murder of jamal khashoggi. here's a few thing he's said so far as we monitor live pictures saudi team of people live in istanbul and saudi team visited a forest in istanbul he says audi consulate cameras were removed. bring many military expert daniel davis good morning, sir. >> good morning. let talk about this we're getting m

. >> not all mcdonald's locations are going to offer the s hdwich so yave to look for it if you want.i'm hungry. >> me too. >> still ahead, decades aer hisdeath, an honor and final resting place for matthew shepard. >> thanksgiving may be weeks away but if you're planning on traveling, there's things you should be doing rig now. we have the tips you need to get your holiday travel plans off on the right foot. news 4 continues next. stay with us. copd makes it hard to breathe. so, to eathe better, i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way, witanoro." ♪go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. an not for asthma. it contains a type of medicine that increases risk of death in pwith asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor ionyou have a heart condi high blood pressure, glaucoma, prostate, bladder or urary prob

♪ en la tienda o en tu puerta. de mcdonald♪s hoy mismo! target. rápido y listo. ayÚdame. >> no tienes que ver nada. >> aquÍ tengo un dado si, okay, vamos a taparlo con este papel querido hÉctor, quiero que lo sostengan, ahora vamos a poner cinta ¿quÉ tal? si lo sueltan, vamos a amarrarlo, tenerlo bien fijo. >> eso es peor de lo que te hice ayer. >> estÁn conscientes que nadie sabe donde estÁ el celular de rashel. >> no le ba las a caer a batazos. >> vamos a hacer magia, hay que divertirnos. >> agita tu mano y di quÉ nÚmero sale. >> el tres. >> ¿dÓnde estÁ el tres. >> vamos a jugar ruleta rusa este es el tres. >> johan! >> este es el tres. >> el de rashel es un modelo nuevo de celular. >> es en serio. >> es el modelo nuevo del celular otro, otro aquÍ va el dos. >> dios mÍo este es el dos por eso no lo hago seguido porque luego falla he. >> otro, vamos el uno el 6. >> donde estÁ el 5 o cuatro. >> saliÓ de Él. >> espÉrate. >> saliÓ de Él. >> el que salga salga. >> saliÓ. >> y ahora vamos a ver quÉ es lo que sale de este lado, vamos a ver, vamos a ver. >> eso no es e

also sin s&pthe outperformer include mcdonald's.berg. ♪ ♪ david: from new york, i am david westin. welcome to "balance of power power." -- "balance of now too back right riyadh. what is going right now with the conference? first stage is finished. people are living. the first day was reasonably busy. but i would say that it was on a much lower level than plant, certainly compared to last year's. it was a much more regional event. of seniore a couple ceos

mcdonald's on the top a great uptrend. and yet, it's relative performance to the s&p peaked in 2011 now, that's a long time to underperform since 2011, mcdonald's is up 60%. the market is up about 120 i think that is the opportunity. mcdonald's having underperformed looks like it will catch up and start to come to life. because it's defensive p and day-to-day action proves that a lot of tension in the wedge. i'm going to play for the breakout to to upside. how high let's zero in on this. and study this more closely. here's the here and now chart. let's put in our lines what we have is this tension you can see it it's very precise. you have what is called a series of lower highs and higher lows as you work into the apex. it's the decision moment i'm going to make the bet that we're going to break out and we'll get back to about 181. that would be an all-time high i think mcdonald's is a good play here, offensively and defensively. >> mike, how do you play that? >> the tension he's referring to appears that the options market is expecting a little bit of that the earnings and the implied move at just under 5% is higher than

mcdonald's on the top, a great uptrend. and yet it's relative performance to the s&p peaked in 2011 now, that's a long time to underperform since 2011, mcdonald's is up 60%, the market's up about 120, half the performance it has underperformed and looks like it's going to catch up and come to life because it is defensive and day to day price action suggests that here's the long term chart without relative and i think the lines draw themselves this way a lot of tension in this wedge and i'm going play for the breakout to the upside how high let's zero in on this and study this more closely. here's the here and now chart. let's put in our lines and what we have is this tension. nd you c and you can see it, it's very precise. you have a series of lower highs and higher lows. it's the decision moment i'm going to make the bet that we'll break out and get back to about 181, that would be an all-time high. i think mcdonald's is a good play offensively and defensively. >> mike, how do you play that? >> that tension that he's referring to, it would appear that the options market is expecting a little bit of that, not just because it's

mcdonald's on the top, a great uptrend. and yet it's relative perform to the s&p peaked in 2011 now, that's a long time to underperform in fact since 2011 mcdonald's is up 60% the market up 120. that's the performance mcdonald's having underperformed is looking at though it's catching up and coming to life both because it is defensive and day to day price action technically you goes that here the long-term chart without relative the they draw themselves this way. a lot of tension in the wedge. i play for the breakout to the upside how high let's zero in on this and study this closely here is the here and now chart let's put in our lines and what we have is this tension. and you can see it it's very precise. you have what's called a series of lower highs and higher lows as you work in the apex. it's the decision moment i'm making the bet we are going to break out and we will get back to about 181. that would be an all-time high i think mcdonald's is a good play offensively and defensively. >> mike how do you play that. >> yeah, you know, that tension that he refe

school's parking lot towing a farmer sitting in crop data from the field or from the closest mcdonald's. in the 1930's reworked to bring you electricity and telephone service to every home in america. today we need to put the same effort into expanding broadband. thank you very much. really quick, at a time when both parties tend to run to the corners, i want to thank you for opening statement. for world america and indian country and want to associate myself with your remarks. >> we have distinct this panel as you mentioned. is fromur panels today new mexico. the center for new mexico, senator udall: to make an introduction. also like to associate myself with your opening comment. i think you right on also and with senator -- the centers talks which i thought were very good. thank you for the latitude to allow me to introduce my friend. represent a national tribal totem indications association. -- representing the national tribal telecommunications association. chairman of the national telik medications cooperative associations tribal affairs committee and designated participant on the federal indica

. >> everyone from walmart to mcdonald's are all switching to cage free eggs. 's josh is from the humane society, the group that's pushing prop 12. he -- they pretend to be a shelter organization but secretly pushes a national agenda. >> you say what they really want is to make people stop eating meat altogether. >> milk -- meat, milk and eggs. >> your critics say you are not an animal shelter organization and what you are trying to do is turn people into vegetarians. what do you say? >> vegans to mediators can agree that animals should not be confined in cages. >> cages too small to even move an inch. douglas kennedy, fox news. >>> we have full coverage starting at 7:00 and we will stream covered live on "ktvu.com." >>> the fourth world series title in the last 15 season. celebrations following last night's big win by the boston red sox. >>> the bay area brings a mix of sun, clouds and wind and parts of the bay area under a red flag warning. meteorologist rosemary barroso has another look at your bay area forecast. four years ago, we rejected marshall tuck and hi

s. mcdonald distinguished university professor. >> distinguished.dness. >> congratulations. >> wow. >> he is on set with joe? >> political writer for "the new york times" nick confessore and yamish el sandor. we will get to the ritchie rich story in just a moment. there's checks here, fred trump's transfers to his kids and it all indicates that donald trump didn't get a million dollar loan from his daddy, which is a lot, but millions. >> yeah. >> many, many, many millions. >> you know, mika -- >> ritchie rich was worth $8 million. ritchie rich was worth $8 million when he was eight years old and then a half a million almost -- half a billion almost transferred to the kids and donald took his to atlantic city. got $8 billion in debt and now apparently some really shady tax schemes in there. who would have ever seen that coming? >> i don't know. >> willie, really quickly about the kavanaugh investigation. first of all, i have to say it's got to warm the cockles of your heart that eddie glaude is in your old chair at princeton now. >> he is. >> that's

that is what wiest are starting to see happening, whether it is uber, wetherspoon ‘s, mcdonald's. ——eliveroo drivers, for about two and a half yea rs, drivers, for about two and a half years, and most of these workers are organising themselves on whats app, not going to a monthly meeting, not submitting a motion about something, they are finding ways that they can ta ke they are finding ways that they can take power themselves, that they can make decisions. what's exciting about today is seeing new unions and the energy and the passion they bring starting to connect up with some of the larger unions. they need to ta ke some of the larger unions. they need to take notice. this is what trade unionism looks like today. still a lot of cloud out and about. wet weather here over the next few hours, remaining heavy at times, if you patch is getting into northern england, north wales, otherwise, dry for england and wales, brights bells. weather front pushing south, taking the heaviest rain across into north wales. —— bright spells. in the south, mild, a lot of cloud, mist and fog patches and

mcdonald's. in the making \30{l1}s{l0}\'30{l1}s{l0} we worked to bring to electricity and telephone service to every home in america. today, we need to put the same effort into expanding broadband. thank you very much. >> thank you, senator klobuchar. >> mr. chairman, just really quick. at a time when both parties tend to run to the course of what he thank you for your opening statement. it was spot on with world america and indian country i want to associate myself with your remarks. thank you. >> thank you, senator tester. we have a distinguished panel as a mention. one of our panel survey is from new mexico, and so the senate from new mexico, senator udall, we should to make an introduction. >> thank you. and i would also like to associate myself with your opening comments. i think they were right on. also i and with senator klobuchar as comets which i thought were very good. thank you for the latitude to allow me to introduce my friend, godfrey enjady represent the national tribal telecommunications association as its current president. his resume castillo and includes general manager of mescale

permite que la genteistentes y s portátiles y a que funcionan en algunas tiendas, estarán disponibles en el país después del día de acción de gracias de la empresa mcdonald'sdad de experimentar de cerca la carrera que les interesa dentro o fuera de la, los empleados deben mandar un vídeo donde describan cómo las habilidades adquiridas en mcdonald's les ayuda a adquirir el trabajo de sus sueños >>> para encontrar una relación duradera prepare su bolsillo porque recuerdo uno estudio los solteros gastan un promedio de ciento por seis dólares al mes en citas románticas, las personas casadas dice que solo gastan 50 y cuatro dólares al mes. la encuesta dice que mientras más gasta en salidas con su pareja la relaciones más satisfactorias y tiene más probabilidades que dure. >>> los civiles que rescata la fuerza aérea puede venir de aquel lugar del mundo, le contamos en otro reportaje especial emergencia en el aire >>> un hombre manipula una sierra eléctrica en un vagón. le contamos todo así las temperaturas en este momento, 71° para sacose, hablaremos de lo que nos espera en los próximos días. después de la pausa. sfx: chillido de juguete de peluche sfx:crujir de

mcdonald, "the evening edit" starts right now. the dow falling 180 points. it about wiped out a week's worth of gains. yes the s & p posting its worst week in nearly a month. stocks taking hits as treasury yields rose to the latest high. there are fears the fed will raise interest rates more rapidly as the jobless rate of 3.7% is hitting lows not seen since the u.s. first put a man on the moon. tech shares really taking hits from worried over the u.s.-china trade fight. but trading volume has been pretty heavy there. let's get right to christina for a report on the big boards. reporter: the jobs report came out. you had weaker numbers for september. but the revised numbers for august and july shows the economy is still going strong. you had investors move out of bonds. for the 10-year you saw that climb higher. we'll bring that up on the screen shortly. but there is an overwhelming fear there will be tightening by the fed and interest rates climbing higher. that means it's more expensive for businesses, hence the sell-off. but the day ended on an indifficult ease a little bit higher. investors are saying this i

a third of the dow, a third of the s&p set to report between now and friday what to expect from names like amazon, alphetab, mcdonald'sreak. dow down 145 hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. these are affordable, all-in-one plans that help pay for doctor visits, hospital stays and emergency care. but they also include prescription drug coverage. in fact, last year humana medicare advantage prescription drug plan members saved an estimated $6,900 on average on their prescription costs. call a licensed humana sales agent or go online to find out if you could save on your prescription drugs. this plan delivers coverage for the three things you may care most about; prescription drug coverage, doctor visits, and hospital stays. plus, potential cost savings on your plan premium. humana has a large network of doctors and hospitals. so call us, or go online to find out if your doctor is part of the humana network. ready to learn more? call the number o

750-dollars which is 250 dollars less than the i-phone x-s that was released earlier this year. ( james ) for your money this morning... mcdonald's mcrib is back but for a limited time. and what will americans spend on holiday travel this year? jane king is live at the nasdaq with those stories and more. ( jane )good morning three-fourths of americans whose holiday travel plans include flights and hotel stays will charge some of those expenses to a credit card.a nerdwallet-harris poll study that found those consumers will charge an average of $14-hundred dollars for travel-related expenses to their credit cards, for a total of 136 billion.one in four travelers say they won't use credit cards at all to finance their trip.the elusive mcdonald's mcrib sandwich is back for a limited time at more than 9-thousand u.s. restaurants.it was last on the menus in november 2017.the mcrib will also be available for delivery - or mcdelivery - via uber eats.alphabet, the parent of google, paid a manager 90 million dollars in an exit package even though he was accused of sexual harassment.the new york times says they paid andy rubin, who was know

mcdonald's going the other way happy meals, baby. best day in three years there following its earnings more on those three stocks ahead and the s&p 500. lowest level in about five months nasdaq lowest level in about six. having its worst month since november of 2008 that tells you how rough it has been the russell 2000 small caps, dow transports, they are in correction territory and three out of four of the s&p stocks are in correction territory. norfolk southern, united continental, they are leading the declines in the transports at this hour dom. >> tyler, thank you very much. let's get straight to the market action this hour we have every angle covered you can imagine. bob pisani on the floor of the new york stock exchange. kate rogers at the nasdaq tracking the tech wreck. seema mody at hq following the fallout from the slide in china and the rest of asia eamon javers in our nation's capital with the very latest on this possible meeting between president trump and china's president xi jinping let's go to bob pisani at the exchange to kick things off. bob. >> let's take a look at the s&p 500. i don't want to sound like pollyanna b

if you look at the s&p 1500 up.aurant index, it is --was up as much as 2% at 1% one point. and starburst -- ,tart box -- starbucks mcdonald's, rising and giving a boost to this sector. the seams of to be a lot of bullish sector. it's just a better custom of the -- customer deliver -- customer experience overall. >> tech stocks have taken a beating. in the russell 2000, the tech sector is down 11% -- more than 11%. it is really leading the drop in the russell since august. there are theories about why small caps have an underperforming, but one of the most interesting is that not a lot of companies in the russell 2000 are profitable. more than 25% of the companies are unprofitable. bank of america says that is more than you see leading into a recession. tech is the poster child of this which is why it has been the worst-performing group. only half of the tech stocks in the russell 2000 are profitable. abigail: not just on the day but over the last four days. take a look at this four-day chart of the s&p 500. four down days in a row. losing about 1.5% over this time period. it has been such a bullish tim eper -- time period.

a third actually, in the dow 30 reporting i am going through, 3i6789m mcdonald's uniteed intelligence caterpillar verizon as far as snames microsoft on wednesday amazon google on thursday, just to let you know the earnings scorecard so far we have seen 17% of the s&p 500 companies, report results, close to 80% have exceeded expectancies so far so good we have heard from varying industries, one stock watching with particular interest this morning, halliburton following this story we saw past 10 sessions price of oil coming down even with increased tensions with saudi arabia, so halliburton focal point this morning. >> thanks could see a rally of about 100 out of the gate will follow that group of americans on bachelor party killed in costa rica. cheryl: this happened over weekend a rafting accident, killed four american tourists costa rican guide in central american country victims carried downstream after raft flipped over. other people in other rafts managed to inclining to the raft or rocks some rescued by another guy in a kayak as well the four americans visiting costa rica as you said for bachelor party all from

s however there is no such part of them taking their seats in the door island dublin or in the european parliament city earlier this year to alex she'd been leader made aliya mcdonald explain their stance an abstention isn't westminster either push to ireland in europe it's a new leadership in theory and when you look at the the strong influence the decisive position of the democratic unionist reformer one hundred full of m.p.'s not having the house of commons are you tempted to profess to abstentions policy and make up a forty into the parcel westminster and upset the back so awful can't know we don't take our seats we continue in that transition because for us irish political decisions are to be made rightfully in our in and for irish people thirty years of troubles twenty years of peace but of course a but it's a process which some people believe is a fundamental danger to the peace process. how do you evaluate. bragg's and the good friday agreement are mutually incompatible you cannot have brags that you cannot have a forcing of the north of ireland of the european union on the one hand and still claim to honor in word and spares and lesser the good friday agre

mcdonald's and verizon before the bell. dow jones is down 290 down emply implied open the nasdaq down 110. sthese official telling a group of american business leaders that the country does not fear a trade war with the u.s for the latest on the trade tensions and the state of the chinese economy and the telloff we' selloff we've seen overnight, let's welcome dan rosen. let's talk about this selloff. you may say you're not concerned about the trade war. chinese stocks down sharply today. that's pulling stocks down around the globe what's happening here? how big of a concern is this >> we have long-term geopolitical things going on this will not just be about short-term moves in the market there are powerful forces sweeping through there's not enough liquidity now sustain china's market where it has been, even in this year beaten down as it has been on top of that you have additional risks so we'll have volatility for some time now. it will take a while to reestablish -- >> let's talk about the lick yes, i did.i liquidity first. >> it's a war of choice. beijing has been deleveraging trying to

moment, that is pretty much session lows stroers t of course the nasdaq and s&p down lower still but there are the winners. mcdonald's -- no, excuse me, coca-cola at 1.5%. p&g leading the pack pup. >> and consumer staples definitely an outperformer for the day and month. a massive miss for new home sales injecting fresh worries into the housing market. diana olick has more what do we make of all this weakness >> reporter: this number was particularly weak and we weren't even expecting anything great. sales of newly built homes fell 5.5%, slowest pace in two years. this number is so critical because it measures signed contracts. which means buyers out shopping in september when mortgage rates jumped those buyers were making the calculation asking can i afford this home with these new rates and clearly a growing number are were saying no scott and natasha put a ghos on on -- deposit on a new home in austin but construction is taking longer than expected and their rate lock expired. >> there is a lot of uncertainty as to what we will be able to afford by the time we lock in an interest rate. >> we thought we had a plan,

s&p down 1.7%. nasdaq is down 2%. there were winners amid the carnage this week. mcdonald'sll lead the dow this week there were obviously much more losers this is a fourth down week for stocks fourth in a row for nasdaq >> and sectors all sharply low >> yeah. >> no hiding in general. >> yeah. and they are leading the way down to ones that wouldn't prefer you had today. it leaves on a stock by stock basis. >> this market has a way of trading one thing against the other. today it was a lot of laggards that did get picked up >> time now for a cnbc news update >> hi everybody. here is what's happening at this hour former vice president biden says it is time to end the deviciveness that lead to the bombscares >> he says he was worried he might be interrogated or pressured to return home when he entered the saudi consolate. she also said he was treated well during his first visit which was on september 28th. >>> and 20 years ago matthew shepherd was brutally murdered because he was gay today his remains were laid to rest and interred in the washington national cathedral. they fear

happened today, names like mcdonald's and starbucks and some of the consumer discretionary but into the fast dining fast casual, i totally agree with pete. the osx underperformed the s&p for 10% of the last month. while i'll oil provides go hire. one of the reasons rates is higher is oil prices are higher. there is a high correlation. i believe the energy sector is well positioned i think people underown. >> what's defensive in juror environment. >> going back to the rates between 2 and 10, the fact that winds out lab is why you saw the outperformance in the bank stocks but it gave up a little bit. so the spread is at 31 bips op it leads me to believe. >> you're ready to rain on the banks. >> i am. it leads me to believe -- i think it's important to remember a couple months ago we had q 3 out of sitdy group and jp morgan and they are not higher from point. we had a quick spike and now lower. the yield curve increasingly gets to that inverted point. tony is going to have at it with us on that pretty soon but i think that's the thing that keeps banks underperforming in the broad market. >> he introed the guest. it's almost worst than buy. >> they pro mowed him in the

mcdonald. many people said that would be the end of it like other cases. today that officer found guilty of second-degree murder. very unusual. we are back in just third seconds. s. >>> the other top stories, a verdict in one of the highest profile police shootings in the nation. convicted. the officer convicted there, jason van dyke, second-degree murder and 16 counts of aggravated battery one for each shot fired in the shooting. this was caught on dash cam video. city officials caught it and fought to keep it secret. the jury used this video that you are watching to determine in their view that this was a murder by police. mcdonald running down the street seeming to move away and posing no lethal threat only to be executed by 16 shots. the jury saw it, but we can't show you. the ousting of the police chief and the first murder charges for the first officer in three decades. the jury completed a process of convicting on those charges. >> we the jury find the defendant jason van dyke guilty of second-degree murder. we the jury find the defendant jason van dyke guilty of aggravated battery with a firearm. we the jury find the jury, jason van dyke guilty of aggrav

stocks in the s&p 500 are in bear market territory, but what about the dow jones industrial average that have reported so far during this earnings season so american express, verizon, mcdonald's, united technologies, johnson & johnson, jpmorgan, united health all reported sharply better than expected earnings ♪ hallelujah 3m and ibm were abysmal, although the latter seems to have bottomed here just as predicted last night what have we got nine good, oneok kay, -- one okay, two bad. i find that encouraging. how about you? because the tape acts so terribly nobody is willing to deal with the facts except for me because i'm bound by them not by the emotions. what else? i love it when a stock gets downgraded the semiconductor group rebounded dramatically after being hit with a downgrade now texas instruments after the close gave us tepid guidance, but let's see if the group doesn't bounce tomorrow. watch nvidia they need to hold say 214, 2 is a. i told you to sell it higher, but geez, it's getting interesting. all right, let's get to the heart of the matter. what continues to go on is a vicious pincher movement the feds are running a hard-line against the economy totally undeserve

s. . and the color was all you need care more hidden camera have millions to my own love of kitchen let alone with the house. and then this look at the mcdonald's look i'm a little bit well actually well a little lower had the story and it's funny. susan was taught that. as we mustn't let them say i'll never go with them who must on the. nice side the so when we decide that we're. in there i would be and i mean say or do such but i'm not at all or wasn't wasn't close enough for me was all times where the. composer was the end and i was in how do you know of adultery and generally go it was the out how this will go you know my goal is to build also saw about was how to construct a dinner there for the new edition to put out about the really bad thing you get and why isn't the. other sort of day. going to. the full senate or the horse fell and i love you never thought of war boy i mean was it a history. that's once of the sort of i guess that there was the year i made one and then you really want to show it there are those samples matter in the but a few. left with that mean in muffled annoyed me a familiar mission seven or you hear all that stuf

anout 7.s before convicting jason dyke of second degree murder and 16 charges of aggravateery, one count for each of the shots the former chicago police officer fired into 17-year-old laquan mcdonaldfour years ago this month. van dyke sat stone faced while the verdict was read, and a short time later was led out in handcuffs. outside the courthouse on chicago's south side, there was jubilation. jediah brown is a community activist. >> this is the best moment as a chicagoan i've experienced in my li. this is my first experience as a black man, as a chicagoan, as an illinoisian, and as a man in the united states of america. we never get justice. today we got justice, sir. >> yang: the case of a black teenager killed at the hands of a white policefficer gained national attention and inflamed long-simmering tensionbetween chicago police and the city's minority residents. van dyke's trial marked the first time in more than three decades a chicago officer faced murder charges for a killing while on duty. the prosecution's case centeredg phic dash cam video that showed mcdonald seemingly moving away from officers as van dyke opened fire seconds after arriving. van dyke testified he acted

s&p pacing for its longest losing streak in two years. >>> plus is jay powell's fed too aggressive and is the president right when he says they should slow down? >>> and mcdonald'sshares are a rare green spot today. one analyst says now's the time to buy we've made it our call of the day and it's all coming up at noon meantime at the nasdaq with an update on this sell-off in tech. bertha >> reporter: it's very much tece small caps pulling things lower. it's a large cap sell-off. and the largest of the large caps are the big drag here if you combine amazon, microsoft, and apple, that's about 40% of the decline in the nasdaq 100 in terms of point impact. in spite of a lot of potentially bullish news or one would think was bullish news with amazon signing $1 billion in deals, transactions with s.a.p. and symantec on top of its partnership with travellers. microsoft lower as well. we've seen that rotation out of the big cap names particularly in the chip sector that's the biggest drag right now, the philadelphia semiconductor index down for the fifth straight day we're seeing the biggest decline here it looks like since last summer on june 26th. among the stocks tha

mcdonald's. he's a different breed. >>> also a different breed, sell-off going on here. the dow jones industrials, s&p 500, nasdaq here, much has been made of this and in and out of 400 points. it's amazing what you get used to because every time we get under 400 points, whoa, whoa, we are through the worst but that's pretty bad, down 1.5%. about 700 points off our highs that were established little more than a few weeks ago. perspective is everything, but the perspective right now is that anything that was looking to take advantage of low interest rates is now falling off on the prospect they are going higher. only thing the markets are trying to grapple with is how much higher. they don't know, we don't know. into that abyss selling ensues. neil: well, interest rates backing up and stocks falling down has been the rule of thumb this week but it's taken on special urgency today. the "the new york post" pulitzer price winning columnist michael goodwin making sense of what's going on here. i'm wondering if this ends up being a bigger factor than we appreciated going into the midterms, with less than

mcdonald's yesterday, boeing earlier today, but it's not enough to get the whole market going. look at the nasdaq. it's down almost 4% today. that's double what the dow is down. double what the s down. i don't know if microsoft is going to be enough to catch a bid for us tomorrow either. liz: phil flynn, oil did a complete reversal. it had been higher by 1.6% when i looked at it around noon. now what do we see in the after market session? crude is vislightly lower and ts after we saw a significant draw-down in gasoline which was helping crude even though we saw bigger crude inventories. what's going on there? >> it's fear. that's exactly what it is. the market is fearful that what's happening in the stock market is going to affect the demand for oil. people, you know, are fearful of what might happen as opposed to what's actually happening. if you look at the demand numbers, for example, in today's report, when we talk about demand for jet fuel, gasoline, running through the factories, it's actually been the best it's been since 2006. so demand for oil is not the problem. but when you look at the stock market, it's down 500, you had a big correction yesterday because saudi ara

mcdonald's in a qsr. but we also love recovery stories. so that would be chipotle and potbelly then we make reference today we upgraded b.j.'s.that whole segment is doing better. >> one of the stocks you mentioned of the idea that straunts could be good is a mid-scale play darden restaurants has hit a 52-week or better high just recently yet it's one of the biggest laggards in the past two weeks or so. is there anything we should read into with that with regard to whether the consumer is still healthy or not >> i think that was a sell on a new situation. i think we should read two things into it number one, the restaurant space is poised to go higher so the fact is we have fewer restaurant stocks creating scarcity value or a valuation floor in terms of premiums or multiples. and the second thing is we have balanced supply and demand so sales performance has gone from negative to positive. again, darden slowed on the news and other casual diners are also starting to do well. sometimes when that gap closes between outperformance, you'll have stocks the way darden did >> i'm slightly uncomfortable with the idea that all stocks a

mcdonald's surged the most in four years after total same-store sales rose 4%. u.s. performance slightly missed growth forecasts. >> there is more on earnings just ahead. we look at the impact of tariff sher companies looking to shift supply chains out of china. a lot of these companies are looking increasingly to their plan b's if this trade war is here to stay. this is bloomberg. ♪ >> you are looking at live pictures of japan right now. nikkei futures up 1%. breaking numbers out of tokyo with the nikkei japan pmi manufacturing data to come out any time. machine tool orders year on year gained ground, 2.9%. let's get to the first word news with jessica summers first. jessica: saudi arabia opened its investment forum in riyadh with smiles and applies, that despite the outrage of the killing of jamal khashoggi. the kingdom tried to restrict the widening fallout. turkish president erdogan has publicly rejected the shifting saudi narrative, saying the murder was premeditated with links to the highest level. one of the up was hearst -- their cover-up was one of the worst in history's of coverups. somebody really must up. they had the worstsd cover-up it should have stopped where they thoug

companies in the s&p 500 reporting earnings next week so what's that 30% of the index monday kicks off with hal burton, hasbr on td ameritrade tuesday results from 3 mp caterpillar. jet blue, mcdonald'se get home sales, beige book for september on wednesday as well as earnings from at&t, boeing visa ups also on deck nasdaq is a biggy for quarterly results. american airlines. comcast, southwest, twitter reporting before the bell. and then here on the "closing bell," alf bet, amazon chipotle and intel will be out with results. which one do you want to watch closest evan. >> it's weird. i'm much more interested as opposed to the results -- i'm more interested in the what happens to the stock afterwards, because like -- what you saw this week with netflix and adobe is so interesting. because to me that means that earnings don't really matter. >> the market. >> especially with the macrodrivers. >> on to next week that does it for "closing bell." >> "fast money" begins right now. >>> "fast money" starts right now. live from the nasdaq market site overlooking times square mels aye looer tim seymour, brian kelly and dan nathan tonight on fast, the fate of the tech trade hangs in the balance

s, oroffering pasta, wing medium five topping pizza for five dollars when companies order at least two pieces. it comes to a discount of dominoes. burger king has one dollar chicken nuggets. mcdonald'sd dollar menu. thea hut is launching strategy after u.s. store sales declined in the last quarter. shery: apple supplier, taiwan semiconductor is out. the numbers from taipei's largest stock by market cap could be affected by new products. bloomberg opinion technology columnist keene copan joining us now -- kim goldman joining us now. they had a rough year, how important is the earnings report? there is probably no other company in the world that has its finger on the pulse and is so closely related to every chipmaker out there. big names like nvidia. makesntioned apple, tsmc the chips for them. qualcomm. even smaller companies, those doing bitcoin mining machines. they are all customers of tsmc. when you aggregate that together, they really have their finger on the pulse. people look at it closely. it has been a rough year for the chip industry. people are going to be looking at this for signs of how well it will go for the next couple of months. shery: what are the key numbers we sho

mcdonald's got an upgrade from guggenheim this morning, so it's also a winner. let's take a check on the sader measure of the market, just off fractionally this morning. the big, big question is nasdaq. it's been getting hammered, and the question is what do these investors do when they take money out of tech stocks, they have not been putting it in other areas. >>> all right, the journal reporting that retail icon sears will file for bankruptcy protection. that stock off 31% to 41 cents a share. joining us now, keith fitz gerald, liz macdonald and ashley webster. we've got to start with sears. it's an american icon, of course. the company goes back to 886 -- 1886, actually started selling watch of all things. keith, is it a cautionary tale for retail, a cautionary tale that you don't need antitrust legislation, that hedge fund managers shouldn't try to run retail scores? [laughter] >> do i get, d, all of the above, charles? [laughter] this, to me, is modern day piracy. eddie lampert has stripped the company, this is right out of gordon gekko's playbook, and i think it's a crying shame bec

the s&p 500 right now and nasdaq haven't traded higher on consecutive days all month let's look at some of the stocks making new highs today you got mcdonald'st went public in 1965 it has never traded higher than it has today merck at the highest level since 2001 retail, nordstrom the best level in three years one of the best performing stocks in october. only two s&p 500 stocks are hitting new lows today ibm at its exist level since 2009 and baxter at a 52-week low as well. over to contessa brewer, she has a cnbc news update. >> here's what's happening right now. robert bowers, the suspect in the mass shooting at a pittsburgh synagogue that killed 11 worshippers, has been indicted on a total of 44 counts, including hate crimes. that's up from 29 counts previously he is due to appear at a second hearing in federal court in pittsburgh thursday. federal prosecutors are calling the bail bombs a domestic terror attack cesar sayoc faces five preliminary federal charges in connection with the pipe bombs sent to 15 people. investigators claim sayoc started planning the attack in july a former federal investigator tells the ap a mafia hitman is a su

s&p and the nasdaq as well. records say.fast food chains cannot find workers. why not raise wages? we will ask why not to the former head of mcdonald's but he will respond. and the fbi kavanaugh investigation, they can wrap up as soon as today. and senate can hold a confirmation vote 71 appeared we have a timeframe. and reports that the president was involved in tax schemes. napolitano is next. stuart: let's take a look at alibaba open today, and goldman sachs says if alibaba goes to 247 on the screen now, 163. goldman says the company will thrive as it dominates new markets in china. of three dollars that is two percent. headline for the new york times, trump engaged and suspect tax schemes as he reaped riches from his father. president trump has already responded. he sent this out. the feeling new york times did something i'd never seen done before. these the concept of time, value of money and doing a very old, boring and often told hit piece on me. add that up and it means that 97 percent of the stories on me are bad. never recovered from a bad election call. judge napolitano is here. is there anything illegal what the president