moody's and s&p have indicated a credit rating of junk may not be far off.has investors concerned. are under 52,000 points right now. that would be fair value. let's talk about a bid price. >> you have some analysts vets saying we could see a knee-jerk reaction. going to do is something and get rid of her finance minister and we learned she's going to appoint the new minister in a few days' time. that gives people hope there's more of an emphasis on ideas that are concerned about. bengals in european equities. let's bring it up. the dax is up by almost 1%. gains across much of the eurozone. still up 0.6 percent. ftse 100 up 0.5%. stress testthe results out yesterday. the biggest dan a loser right now is monte. look at that move, down. a capital shortfall. 50% of the existing marketing doubtful so where does the money come from? but a wave of consolidation in the italian banking sector. failed,lian banks plenty to discuss. we are back in 2. ♪ >> welcome back. i am jonathan ferro. this is "on the move." the move.on novartis is selling its flu for $275usiness m

for the week, the dow jones and s&do 1%, the nasdaq posng fractional wekly losses for ourth week in arow. here with herewithhehe outlook for the market and our ecnomy moody'sief economist, john loki and are analysts. same toda as you d i hav discusd, the fear factor sociated with ebola appears more significant than in past inances of pande concns. the obama administration ntinuing tolaim that ebola is uder contr in thisount in thearket oday responded, up 263oints. whisright? >> you k we haven't hadny additional tbreaks peop beming fflicte with ebol maybthat is helpng senmen sowh. in terms of econic fundamentals, the u.. econom looks if it doing quite we we expect the onomy is going to grow from rcssion and flion wi be well coained, the fed sd that they will do everything they can to keep interest rates lo. lou: the folw-up from goma sachs talking about more significancnce, which i think tfully exprees. the fact is thatthistuff is scary becae our institutions are reacting as weould think d thirede is reacting as w would expect. >> i can't help bt recal if we go bacto , manytise were told b hgh-ranking governmentficials, don't worrabuthe subprim we have it c

week, the dow jones and s&p down 1%, the nasdaq posting fractional weekly losses for a fourth week in a row. here with herewith the outlook for the market and our economy, moody'sst, john lonski and are analysts. same today as you and i have discussed, the fear factor associated with ebola appears more significant than in past instances of pandemic concerns. the obama administration continuing to claim that ebola is under control in this country in the market today responded, up 263 points. who is right? >> you know, we haven't had any additional outbreaks of people becoming afflicted with ebola. maybe that is helping sentiment somewhat. in terms of economic fundamentals, the u.s. economy looks as if it's doing quite well. we expect the economy is going to grow from recession and inflation will be well contained, the fed said that they will do everything they can to keep interest rates low. lou: the follow-up from goldman sachs talking about more significance, which i think artfully expresses. the fact is that this stuff is scary because our institutions are reacting as we would think. and this president is reacting as we would expect. >> i can't help but recal

moody's downgraded russia. that's not a big surprise considering the sanctions. just watch, it may affect tte markets. dow industrials ending the session up 263 points. sfinally a decent gain. for the week almost ended breakeven, not quite, but back looking a lot better. the nasdaq at one point today did make it into positive territory, struggling by the end but moving higher by 41 points. >> the russia story is also an oil story. oil goes down, russia's portions decrease. what's coming up? >> "the willis report." gerri: hello, everybody. i'm gerri willis. welcome to a special edition of "the willis report." over the next hour, we're taking an in-depth look at ebola and how you and your family can stay safe. get you caught up on the latest headlines first. the caribbean cruise ship carrying a dallas health care worker is headed back to texas after being turned away in mexico. the passenger has not shown symptoms for 19 days and voluntarily self-quarantined on the ship. no way to know when the second texas nurse truly began illness. after word from the cdc that she felt funny during weekend in ohio. they can't rule out possibility she's been

s&p down 41 and the nasdaq down 90 points. volume on the big board 4.3 billion shares. for more on the day's sell-off and causes and the prospects for us all, moody's capital markets chief economist john lonski and fox business contributor anthony scaramucci. good to have you both here. welcome to the network, by the way. >> thrilled to be here. lou: delighted to have. >> you appreciate it. lou: super to have you with us tonight. john, turn to you first. this is all about the fundamentals and the market the last few days, triple digit moves. >> i don't think so. i mean the volatility itself is a giveaway, perhaps there is profit taking going on on. that being said, i wouldn't be surprised if investors have concluded that the upside is quite limited and that they're going to be proceeding cautiously going forward. lou: looks like a good time for caution. so bearish, john? >> no, i'm not bearish, i think we're going to finish up 5% for the year overall. up now at about 3%. might be bobbing up and down for a while. i wouldn't say my view is bearish. the economy is going to continue to grow. more importantly profits continue to expand, and as long as i

moody and emotional market. but we think it's not the time to be panicky. but it's time to review your portfolio holdings. europe, asia, all real concerns. bull is a big one. srly ape tr iped in last five years and didn't take that much to look smart but you want to look back at this time and have something to show for it so what we're saying is take some profit and hold some cash and be positioned to invest in times of weakness in these little mini corrections we are seeing. >> a question for people this weekend again, maybe reviewing the portfolios where should they be shopping? >> we still like the story of tech long term. we think if you're time horizon is long, you should be buying on weakness. see the corrections as an opportunity to build. >> i would agree with that. i think cyclicals in general, assuming the economy and earnings are doing better and i think there are lots of evidence to say that's the case and come up and out when the noise is over. remember january, down 8%. august 4st. >> comments of microchip seriously to the extent of saying, look, we think the industry cycle here is ending? >> ending, i think that's really strong. maybe some of