mr. rick santelli. >> twitter shares are gaining ground today as its board meets to discuss the ceo search. julia boorstin has the latest developments. >> twitter's board meeting today, the stakes couldn't be higher. shares are down over 40% over the past 12 months. the board is under pressure to name a new leader that will reassure investors to add new users without alienating its core but stagnating user base. after so much management upheaval, the board is evaluating external and internal candidates to make sure they make the right choice. jack dorsey is the top contender. the board is grappling with his running another company square. adam bain had great success. outside twitter, sources tell me the company's recruiting firm spencer stewart has been reaching out to a wide range of executives. the board does remain cautious, doesn't want to make the wrong call. there is no doubt they are under pressure because the clock is ticking. >> are we expecting to hear within this next couple of hours what happens out of this board meeting? >> no. i mean i wouldn't really thi

mr. rick santelli. stocks are struggling this hour. the dow and the s&p trying to avoid their fourth loss in five sessions. if we take a look at the numbers here, the dow is down by about half a percent. a little less so for the s&p 500 and the nasdaq percentagewise but nonetheless we're still in the red. let's get more with bob pisani from the floor of the stock exchange. you've been talking about your concern with the lack of buying and maybe or not the whole ethic of buying on dips might be dead. >> well, it's in a little bit of danger right now and it's not just today. it's been ever since august 24th when we had that big drop down, the dow about 1,000 points. let's look at the s&p 500. we, of course, have a holiday. it's the yom kippur holiday so the volume is on the light side. we've been moving down throughout most of the day just off of the lows. in terms of what's going on look at the markets midday. let's call it a slow drift downward. we've had problems since the fed meeting. i made comments and i was on the wrong side of th

mr. mcadam in the next hour. actually, "kwaul alley" coming up. >> meantime, let's go to rick santelli exchange live from chicago.ay with the fed pending. rick. >> thanks, simon. i like to welcome my special guest. mark, it's always a pleasure on fed day to have you as a guest. thank you. >> thank you, rick. thank you for inviting me. >> listen, you know, there are pundits that get paid to talk about markets. i personally am just passionate about markets. since 1979 i totally am preoccupied with every facet of free markets. obviously your history dictates you're an expert. i tried to look towards somebody maybe a little more removed who is intelligent, and what i found was today a veteran by dan henninger, a deputy editor of the "wall street journal", not really a business guy, but generally a smart guy, and he wrote something that he called the joy of man and said i want to read you a couple of sentences, sir. >> mark, comment on that. you think he is on base, off base, on point from just a general population observation? is he wrong or right? >> the best thing he has said is that janet yell sin a nice person. h