seen the nasdaq.now lower by 7% that is for the month of november the nasdaq has gone negative for the year it has punished a number of companies. one that i follow very closely is down notably on the day it is only fractionally on the dow. it is the worst performing stock. they are still higher for the month although they are trading down touday. >> thank you >>> dow down 643 points. it is only getting worse with ten minutes to go before the closing bell all of them are down in the overall s&p right now. we are back in a couple of minutes. [leaf blower] you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. don't get mad. ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiek

down 40 points at close nasdaq down 40 points in a bear market.utures down 130 president trump signs partisan farm bill democrats already vowing to fight, like this one. >> able-bodied adults without dependency have to work look for work in order to receive food stamps today's action will help, americans transition from welfare to gainful employment. >> democrats push back on plan would help americans and save taxpayers billions of dollars. and today might see shortest day of the year winter solstice has a lot more in store for us tonight, beautiful. beautiful shot, we'll be right back. ♪ ♪ (clock ticking) (bell ringing) it's time. time for a new kind of cloud. the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. a ♪ ♪ when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> good friday morning futures pointing to the downside another rough ride

see if a recovery is happening this morning, well, a small one, dow futures are higher by 2 points, nasdaq adding 7. cheryl: in europe stocks opening lower, concerns across the pond not about brexit but federal reserve hike that we are expecting in the country. lauren: in asia mostly negative dealing higher was hong kong market. cheryl: yeah, and -- >> from a comic book, serial, this isn't about me, not anymore m. cheryl: spider-man, returned and save the holiday box office season, fbn:am starts right now. ♪ ♪ lauren: 5:01 a.m. in new york, monday december 17th, good morning to you, i'm lauren simonetti. cheryl: good morning, i'm cheryl casone. lauren: let's get started because the shutdown clock is ticking, deadline 4 days away and trump administration standing its ground insisting that the president will allow partial shutdown in froth if congress does not provide $5 billion for building wall in border. miller calling fundamental issue. >> stop on going crisis of illegal immigration. it comes to it absolutely. cheryl: but senate minority leader chuck schumer says there's little support i

, down 73 points on the nasdaq right now.sterday, well, they were lows yesterday at the close, the declines we are seeing now put the dow and the s&p 501 on track to erase the gains for the week, yesterday the dow was up 70 points, the s&p was down a fraction and the nasdaq was down about 28 points tat close yesterday. check the markets in europe this morning on the heels of selloff going on wall street, european indices are down across the board, cac quarante in paris, down 41 points, almost 1% lower and the dax index down 1%, 102 points lower on dax index this morning. nikkei average worst performer, down better than 2% in session overnight. we are taking a look at china, talking tough on china, president trump touting trade success in interview with harris

up 4%, a 4% uptick for the nasdaq. we got to check to see the last time we saw a rally of that size. up next, retailers celebrating the best holiday shopping season in six years. but retail expert is here to tell us if they will be toasting to a banner year next year. >>> and leave it to a buffett business to put a new and profitable twist on the ugly christmas sweater trend. we got our hands on the oracle's offering that may send you sprinting toward your new year's resolution. get it? actually, when you see these things. more ahead. amazon prime video is now on xfinity x1. so when you say words like... show me best of prime video into this... you'll see awesome stuff like this. discover prime originals like the emmy-winning the marvelous mrs. maisel... tom clancy's jack ryan... and the man in the high castle. all in the same place as your live tv. its all included with your amazon prime membership. that's how xfinity makes tv... simple. easy. awesome. lauren: this is a rally of sizeable proportion. we are seeing the

the nasdaq losing 3% and the russell 200 down 2.5% making it the worst week for the dow and the nasdaq financial crisis s&p down 7% for the week and the dow is down 7% for the week as well markets earlier getting a boost on the day on remarks from new york fed president john williams think turn sharply lower williams saying that the fed is listening to the market. here is the volatile and would recore plans for the balance sheet. it seems to be what investors wanted to hear it just didn't last. we'll talk about what the central bank has in store and what it means for your money let's get straight to the market action though. >> it is what it wished it heard from williams. it is not reacting to peter. the market is in the sway of this slow motion and relentless liquidation. it is feeding on itself. >> but why why are huge funds -- >> i think it's a combination of yes we are pricing in and props a slower environment we are pricing in a little bit of uncertainty i also think there's a sense that a lot of big money is caught ton wrong side. it is a derisking. i think a lot of that is what

of almost 1% earlier in the nasdaq has now repaired all of its gains. netflix is one of the big winners earlier. the broader picture of what happened in december and the rest of the year with abigail doolittle. it's consistent with what we have going on in the quarter. as we take a look at the major averages on the quarter, these on the quarterly performances for the dow, s&p 500, and the nasdaq going back for more than a decade. we see drastic declines for the fourth quarter for especially the nasdaq down 18%. with the the dow and the s&p 500 down sharply as well. the nasdaq,500 and is the worst orderly performance we have going on the way back to 2008, that fourth-quarter of 2008, with very dark days. that's a degree of the selling pressure with uncertainty around trade. quarter, the outlook for 2019 was shaved and perhaps he will have some sort of decline for earnings in 2019. stocks to trade off of earnings and the corporate profit outlook despite all the noise. we will see huge declines of a sector basis as well. take a look at energy down 25% in t

the nasdaq down 157 points yesterday.morning mixed story, take a look at indices, ftse is down 29 points, cac quarante is down 7 but the dax index in germany higher, 24 points, quarter percent. in asia overnight, declines across the board, worst performer there, japan, nikkei average down almost 2%, we are watching the price of oil this morning, crude oil under pressure, down 2 and 3 quarters percent falling below $50 a barrel yesterday for the first time in over a

nasdaq down 32 in premarket.'s new york offices have been given the all-clear after the building was evacuated last night because of bomb threat, calls came to time warner center around 10:00 p.m. claiming that they were 5 devices in the building, don lemon taken off the air because of evacuation air. back in october suspicious packages addressed to same building and one to headquarters in atlanta. special counsel robert mueller releasing more details regarding russia probe. mueller's office will summit memos of alleged campaign chairman paul manafort violated plea agreement by lie to go investigators. lauren: separate sentencing memo for the president's former personal attorney michael cohen, cut a deal last week after admitting to lying after trump-moscow real estate project. he's been interviewed 7 times by mueller's office. foinlly, elementary school teacher in nebraska has banned candy cane. j-shape of the candy, jesus, red, put on administrative leave. cheryl: you have to be joking. lauren: you can do that

the nasdaq right into bear market territory. and that may be the good new b thatause the broader s&p 500 is moving towards it as well. and as for the dow and nasdaq, it was the worst week since the financial crisis. the dowown nearly 7% this week. since gest weekly drop october of 2008. the nasdaq lost more than its worst since november about a decade ago. and the s&p fell 7%. its most since august of 2011. as for today, the dow fell 414 points to 22445. the nasdaq dropped3% or 195 points. and the s&p gave back 50. bob pisani has more. >>> it was another wild session on wall street. th dow closed down more than 400 points after the50oint swing through the day. the s&p capped off the worst week in seven years. the dow worst in decade. thetr fiving days left in december still on pace tbe the worst for both indices since 1931. today a heavy vume day as futures expire a all at once. a cued ruple switch. the big headlines worth noteding np new york federal reserve john williams took on a friendlier flexible tone than the markets hear

dow 128, nasdaq 31 points.la ceo elon musk has filed motion to dismiss a defamation lawsuit against him claiming his tweets are protected by the first amendment. the lawsuit is from a british diver who helped rescue the soccer team in cave which called pedophile. rough time in 2018, ontario, canada testing giving out money to 4,000 people to cover the commodities of basic needs like food and housing had been shut down and finland's much hype 2017 program was discontinued in 2019. conservative leadership and lack of funding and disruption to existing contribute today basic income rough year. america's oldest military veteran who fought in world war ii has died at the age of 112 year's old. born in 1906, richard credited longevity to smoking cigars, drinking whiskey, praising god, he built in 1945 after returning from the war, he was in his 30's when he volunteered for the army, also believed to be oldest living american, what a story and that's what's happening now. lauren: smoking cigars and drinking whiskey an

we've got more than 5% on the nasdaq, close toss 5% for all the indices. the sector, some massive moves higher, consumer discretionary, tech services, some of the more high beaten names, 6% or more. bob pisani is joining me here. oil prices, we'll just show you that as well, because that's an extraordinary big move and why we're seeing energy up oil prize up over 10%, bob. >> so we obviously had the biggest point gain ever, but that's not what is important back on the phone with my former producer this is the biggest percentage theme in the dow since march of 2009, so it's a big move that we're seeing on the upside, and people are going to ask, why did we real 1,000 points, and the question should be why did we drop 650 points on monday? i've said repeatedly the market has discounted zero earnings growth for 2019, and there's a possibility of a recession which nobody thinks is going to happen, so this is what we call really extreme readings here, and it's about time we had some bit of a bounce. we're not market cheerleaders here, but it was very obvious th

the nasdaq, the tech heavy nasdaq, down 3.8%. 283 points on the nasdaq today. s&p 500 down 90, 3.25%. the concerns are about a deal with china and whether we can reach one in the next 90 days. "your world" starts now. maria in for neil. this is not about mak

nasdaq up 179. in france president emmanuel mccrone said he's considering all options including just clearing a state of emergency following the worst right and over a decade. he is calling for a meeting between the prime minister and leaders of the yellow fast protest. their movement is in protest of the economic policies. those responsible for the violence in the image will pay for their actions. we've a fox news exclusive. satellite images as you can see here shows that they had service to air missiles. this comes as tensions ramp up following russia's seizure of the needle -- naval ships in the black sea. the north dakota man has pleaded guilty to stealing a forklift admitting he intended to flip president trump's limousine with it and in an attempt to assassinate the president. this man could serve up to 20 years in prison for his plan. there had been more than a thousand after shocks in it alaska. most of the shocks were weaker than a magnet to 3.5 fake. look at those images there. and that is

the nasdaq leading us lower, down 2.25% at the moment. and the dow not quite at their lows, but we will keep an eye on it. you are watching bloomberg television. this is bloomberg. ♪ ♪ there's no place like home for the holidays ♪ ♪ 'cause no matter how far away you roam ♪ ♪ if you want to be happy in a million ways ♪ ♪ for the holidays you can't beat home sweet home ♪ jason: you are watching balance of power on bloomberg television. to first word news. >> the mayor of washington, d.c. is urging the president to end the governor shutdown. and its, its residents, businesses will suffer if the stoppage continues. workers are working without pay. authorities detaining nine migrants, including children, on a southeast beach of england. they crossed the english. channel and a small inflatable boat. there has been an increase in small boat. these attempts are putting lives at risk. the u.k. and france are working together to stop it. support of the demand for freedom and democracy. this is the latest in work stoppages calling for omar of a omar

dow futures jumping 69 nasdaq up 29.ocks actually opened higher after yesterday's loss a lot of discourse is hide brexit as you can see the cac and dax 40 in green right now. >> stocks in china they did edge higher after latest round of u.s. and china trade talks got underway. and then there's this. >> the latest move by delta, what is the airline have against your furry best friend? fbn amy continues right now. 5:30 a.m. here in new york and tuesday it is a busy tuesday it is december 11th good morning i'm cheryl casone. >> good morning everybody i'm lauren simonetti. well with another issue for wall street investors this week and today is what happens in washington next week with two things happening federal reserve meeting expected to raise interest rates again and also a potential government shutdown let's bring in jon nays max cofounder fox business contradict tore as well as david with the ceo and investment strategist at irc well gentlemen, good morning. >> good morning. >> david i want to start with you and fed d

let's head up town to bertha coombs at the nasdaq.or the nasdaq although it did outperform the broader market. >> yeah, relatively outperformed. we hit those all-time highs at the beginning of the year, the last one at the start of the quarter and it was just downhill from there. at the end we do see the nasdaq composite outperforming the major indices partly because large cap tech and the nasdaq 100 really was the outperformer not withstanding the problems with faang. the small companies really here that got beaten up especially small cap biotech. that was really the worst part of the health care sector this year. taking a look at those faang names for the last two, three years. these were the names that led us higher. this year among the big losers and big decliners, facebook and apple combined would have been -- if everything else stayed the same, would have left the nasdaq down 100 points for the year. but adding to that alphabet, slightly lower, they were not enough tooffset the other two names that did very well. that's a measur

in the nasdaq two .25.hting to stay in positive territory for the year in the final minutes of trading. we'll do our best to sum it all up. we did make it to friday. melissa: there you go. connell: that is the good news. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." gerri willis on floor of the new york stock

s&p is s&p down 8 nasdaq down 20. there's a storm outside too folks.ousands of people are without power after a brutal snowstorm slammed south janice dean looks at what's next. ♪ hey! yeah!? i switched to geico and got more! more savings on car insurance!? they helped with homeowners, too! ok! plus motorcycle, boat and rv insurance! geico's got you covered! like a blanket! houston? you seeing this? geico. expect great savings and a whole lot more. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >> welcome back let's get you caught up ons what's whatting right now it is a monday here are your futures and they are in the red dow down 70 s&p 500 town 8 nasdaq down 20. we're going to explain why in a few moments also there's this happening. french president emmanuel macron will address his country tonight following a weekend of violent pr

the nasdaq 100 down 21% from its peak.w york faang index down about 4.5%, and some of the individual movers -- amd and tesla, two of the highfliers, they are really down. taylor: and the wrapping up of the tech story we have been talking about, the vix on the 33 handle and the volatility fear gauge of the nasdaq, the highest going back to 2015. if you come into my terminal, the chart we have been showing , it has losses accelerating. google has losses in the red along with facebook and apple, all getting hit really hard here. romaine: the faang index is taking it on the chin. wroughtf the year, it is higher and it is apparently what is dragging a slower. taylor: this is bloomberg. ♪ >> from new york, welcome to a special edition of "boom -- bloombergs businessweek." i'm carol massar along with jason kelly. what a week it has been. we had a selloff on monday. a rally on wednesday. we are selling again. up, markets gogo down. it seems like they go down and up dramatically. 1000 points yesterday. when thousand points. the big

that is helping lead the nasdaq higher. the nasdaq is now in the green and is your top performer. and new york, this is bloomberg. ♪ this is "bloomberg markets." now, of course, holiday season is in full swing. but there is still a little time to buy last-minute gifts. you are really late if you are. here to unwrap spending trends is marissa from austin, texas. year, what, this stuck out to you as a different type of buying that we saw from this time last year? marissa: a few things so are. it has been a -- so far. it has been a really long season. shopping started in october so retailers had to be ready for the long haul of discounts. with e-commerce growing at such a high rate, the shipping wars stuck out. when you look at what amazon was doing and brands and retailers like target and walmart, the shipping rate wars became a thing very early on. the third thing that stuck out of interest is while many people talk about e-commerce growth the store is still alive and well -- growth, the store is still alive and well. millennials look to do shopping in stores. the stores were boomi

and the nasdaq off by 162. the ten-year treasury note yield we're seeing a move below the 2.9% level during the beginning of october we were as high as just at 3.25%. >>> let's get back out to brian sullivan with some final thoughts here from opec hq >> you have to watch the saudi position not only are they the big dog of opec, but we know president trump has been putting pressure on the guest of jamal khashoggi, which looms large here the saudis are under an intense amount of u.s. pressure over his murder the saudis will say we want a smaller cut. president trump wants lower prices maybe others say we want a bigger cut the saudis say we have to listen to the group so we might end up with a bigger cut than what headlines are suggesting, but the saudis want to say it's not us it was opec. we were doing what president trump wanted us to do. there are reports that brian hook, a state department official, the head of the iran sanctions team was here yesterday in vienna maeeeting wt the saudi contingent the saudis i

the nasdaq was down 8.4% last week.he last we looked, the dow jones industrial was down, the futures about 115 points. it had been down about 230 points, with some mixed messages from china. [opening bell ringing] david: there is the bell. once again we only have about three and a half hours of trading today. it should be a lively day before christmas. we see a little movement to the down side. pay no attention to that 414. that was from last week. there we go. it is still down, down significantly more than it was right before the bell rang. down about .7%. translates to 193 points now on the dow. looks like some people may be looking to get out before the long holiday. we will see. check the nasdaq, if we can, and the s&p. both of those stocks -- as a matter of fact, as we move over to the s&p and the nasdaq, we see three stocks in the green for the dow. that's coca-cola, mcdonald's, and verizon. it is not all red, but close to it. there we see the nasdaq is actually down about where the dow is percentage wise. the s&p

the nasdaq down 3% today, it's in a bear market.ng kong, germany, europe's number one economy in bear market. you look at the global arena, what do you do in 2019? >> i think you kind of stay defensive. i think you look to kind of hope that the things that are benefited by strong gdp growth, by the consumer, where you can kind of dip your toes back in there. however, i think the undertold story on the trade fight is how we have said anything in our technological space is now a national security asset and we are putting restrictions on investments, restrictions on exports, so it is no surprise to me that tech has taken a hit, when we're going to regulate it because ultimately there's a lot of investors out there that tell me, ed, tell me what you're talking about because i want to stay away from it because it has too much risk that i can't understand so -- or don't want to figure out, and that's what's going on here. there's areas of the economy that's getting regulated that no one has recent experience with and there's a buyer strik

from the highs in october to the lows in november, the nasdaq plunged 16%.a horrifying period we have been a lot more negative but sure the decline has been brutal, but we have been through previous consolidation periods that were even more volatile and they didn't derail the bull. you can see it when you look at the chart of the nasdaq. but loggered in log rhythmic scale. only a normal chart the spacing on the "y" axis is done on points and the logger rhythmic, it's all about percentages on the scale it would look the same as it moved from 200. it's another 100% gain if you compare the action across the long periods of time, marino points out in 2011 to 2015 there were even wider ranges than the one we're experiencing now from 19% to 25% even though that the nasdaq has lost a lot of points the 16 decline is smaller than 2010, 2011, 2015 and then the market rebounded phenomenally it's something good. this made me think that you don't want to be too bearish in short, the situation may not be as bad as it seems. let's zoom in a bit to the weekly charts of the

to volatility -- nasdaq up 1.6%.s into the haven with monthsth one of its best in a borrow -- in a while. much.oes not move this is bloomberg. ♪ it is time for our global battle of the charts. see them on the bloomberg. noise pushing the markets lower over the last several months, tariffs and trade wars at the top of the list. nasdaq down 22%. a bellwether name of tech, apple has been on the downdraft, down 30% -- 36%. it has broken into the 50 day moving average and the 200 day moving average, the yellow line, that is a bearish signal, not good. impacting apple is the concern over its explosion in china. apple gets about 20% of its revenue from china and more portly it produces and manufactures the majority of its products, including the iphone come in china. -- iphone, in china. rbc estimated a 10% increase in tariffs would impact negatively apple. 25%, the risk could be about 20% in 2019 earnings. its products and have not been caught up in the tariff talk over the last several months. but investors are concerned.

the nasdaq composite is up half a percent.so interesting is how closely the nasdaq was tracking the action in the dow but what the market closed you saw the dow push up and the nasdaq was able to turn into positive territory. it didn't see the same kind of push higher so this morning we're watching it bounce between positive and negative territory and at this point you're seeing it outperform the dow. what's going on here everybody is saying traders are trying to square their books ahead of the new year and this is something that we receive every year but it's more pronounced this year and on these light volume days you see swings take a toll on the market as well but as it stands right now the nasdaq is looking to be up 4% on the week but down 10% on the month so those losses not completely wiped away. still, a lot of green on the board today, amazon shares basically what's holding the index up but there's a strong move in retail on the back of the amazon move as well so we're watching names like amd, nvidia, they're the best

what has gone on at the nasdaq today, jackie is taking a look for us >> nasdaq breathed this one lastath it managed to close positive on this friday. less than one tenth of a percent. it is back and fourth between positive and negative. here is what we are looking at for the week still about a 4% increase for the nasdaq composite until last month about a 10% decline even with the gains that the index managed to recoop during the week. amazon was a big mover today to the upside it was a late turn that we saw that gave the index a little problem. you can see they ended upset up settling the session. amazon was the big one. a company saw a record holiday season he saw streng in the chips facebook up 6% back to you. >> yeah. a little divergence there. apple and amazon both closing higher thank you. >>> joining us now to talk more about the markets nancy is here. chief investment strategist, nice to see you. >> thank you >> first, what did we learn from today which was quieter but also took us in different directions. >> yeah. the fever has broken to some degree at least for the moment you

nasdaq up 50 points.old to the opening bell let's find out what else you will be talking about today. time for the top trending stories. kate rogers is back with those kate. >>> a holdover weekend for the box office warner brothers "aquaman" took home $51.5 billion in its second weekend in north america that's a decline of 25%. >>> a new law goes into effect in california tomorrow that will impact how people get their pets the law requires that all cats, dogs, and rabbits sold by pet stores must come from shelters and rescues. they will be required to keep sufficient records to prove their animals are not from puppy mills and to grant animal control to periodic records to those animals. a bald eagle was supposed to circle the stadium and return back to its handler. but the animal got confused, seemingly lost he took to the stands, landing on two different fans. this is my worst nightmare neither of the fans or the eagle were hurt during that mixup. >> it is pretty good >> i don't like animals that don't c

today's selloff has the nasdaq back let's get up to the nasdaq for more on that >> we are seeing trading off of the lows a broad selloff here one thing that's interesting is that we have the small caps lower. part of that is they are concerned that we didn't really get anything resolved with the china meeting between president trump and xi from china. as a result we don't know how that is going forward. that's part of the reason people are concerned about a slow down in the economy as well they don't know what lies ahead after this 90 day cooling off period am also a drag as well in bare market territory it is off from the recent highs. it is down about that much just this quarter alone also a downgrade with concerns about slowing iphone sales the concerns about a slowdown. it adds to the latest so it's warning about lower demand from major customers. it is actually the better performer today in the midst of the chip meltdown today. if you get a slowdown not just in apple but in autos a lot of chips go into those as well. it could go throughout the sector a few stocks bucking the trend t

live from the nasdaq mechanic site overlooking times square. i'm melissa lee. tim seymour, steve grasso. dan nathan guy adami breaking news on the government shutdown ylan mui has the latest. ylan. >> new reports that there is a deal to perhaps not avert the government shutdown perhaps limit the damage from a government shutdown. this is come from senator bob corker who says that vice president mike pence who was on the hill earlier this afternoon along with mick mulvaney and jared kushner, they met with chuck schumer in his office and agreed to something. we don't know exactly what what we do know is that after that meeting vice president mike pence along with the other represent he was from the white house went over to the house side of the capitol to meet with paul ryan as well as leaders of the servant freed the conservative freedom caucus. that seems to be an indication that the two sides are coming together, the white house brokers the seeds of a longer negotiation here we did get a statement from chuck schumer's office about how the conversation between

this is at the nasdaq. let's start with you >> let's take a look we were weak through the middle of the day paul ryan came out and side the president would not sign the new spending bill. it was an attempt to buy the market we have had maybe pension fund rebalancing. it helped stabilize the market laggards, eight or nine new lows on the new york stock exchange chevron and ibm and united technologies i would say about 30% of dow jones at new lows we had leaders goldman saying banks are at least not dropping as much they are relative outperformers. that is certainly good news. johnson & johnson more stable. this is another little issue it is the two major problems we are facing along with the old issues, the tariffs and the brexit still unresolved. can't put a number on that and that's what is effecting the earnings outlook >> thank you very much the immerging outlooks someone will try to do that as well >> it was a weak dollar. >> and maybe the fed is less than we thought. we'll see. let's see what is happen

nasdaq down 31 s&p down 18.from brighthouse financial allow you to take advantage of growth opportunities with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield℠ annuities from brighthouse financial, established by metlife. from brighthouse financial, we're gonna need the if we'element of surprise. mas, go team. [ snow crunching ] [ load crunching ] [ whispers ] this is the loudest snow ever. ♪ >>> good morning it's going to be a red christmas if the futures are an indication welcome back to "squawk box," we're live from the nasdaq market site in times square. we're watching three big stories. number one, a partial government shutdown weekend talks between the white house and congress failed to yield a spending deal. the white house says the shutdown could last into the new year that's pretty likely when you consider the senate won't be back until thursday. >>> two, steven mnuchin will meet by phone today with the president's wo

the nasdaq close to entering a bear market, 19.5% below its august peak.equities have tumbled this year amid political risks and slower growth in the region. persistent outflows and valuations at a five year low could set the stage for recovery. italyncertainty around and brexit and economic data pointing at weakness, is their appetite to get into european stocks? justina lee, bloomberg's equities reporter. in a back here, how has 2018 treated european stocks? justina: the year started off ok, but ended up being a pretty bad year as foreign investors fled the market. the outflows is the second biggest year on record. we got a lot of political headlines this year from brexit to the italian budget and at the same time, we saw a slowing economic growth in europe, slower earnings growth in europe and it has not helped. nejra: if we look at the outlook for next year i want to ask what it will take for investors to come back to the market? is there any other proposition for european equities other than valuation? you have a chart showing low valuation. justina:

we're live from the nasdaq market site in times square.'m becky quick along with joe kernen and andrew ross sorkin. our guest host this morning is mike santoli good to see you. good to have you here as we talk about what happened yesterday, maybe set things up for this morning. stocks yesterday erased a 500-point drop in the dow to close 34 points higher it was something to watch throughout the course of the session. i asked what happened. what is the answer >> i don't think we missed any key headline, any one specific thing. i think you have to -- in these high stress markets, you have to relieve yourself of the idea that it's pricing in new information. in the morning, the s&p broke through 2600 it touched just about the closing low for the year about 15 points or 18 points lower. it seemed to be just about that. you had to touch the hot stove to see if it was hot and it was then europe closed the news about apple people are itchy to see if this bottom range will hold >> it's been down there four times, right >> just about four times yes

nasdaq was down almost 30 points on the session.s are open for trading this morning, let's take a look at what's happening there where the european markets are taking a cue from wall street, down 73 points on the ftse 100 this morning, down better than 1%, cac quarante is down almost 1% and dax index in germany 3 quarters of

real broad decline 350 new lows only one of them on the nasdaq 100. the russell 2000 for 5% decline this week. it is worse than the major averages chip stocks are one of the big drags here on pace for their worst week since the october lows we are trading below the levels now where we saw reversal yesterday but not getting any help from the big caps where we saw a number of traders pile in in the afternoon apple right now looks like it has given up all of the year's gains. it was last down having a negative year in 2015. that year it fell more than 4.5% it is on pace for its worse quarter in about six years take a look at some that were positive it is hitting an all time high earlier this morning it happens to be listed here tesla i want to point out is actually doing incredibly well for the quarter. very strong quarter. big turn around from the decline that we saw at the end of september. at this point tesla is actually the biggest car maker by market cap in the u.s. at $64 billion quite a rekcovery >> thank you for that. >>> let's drill down the job

the dow and s&p and nasdaq moving higher.seeing alphabet, facebook, amazon, all of the big heavyweight names led this market higher during the bull market. amazon about 7.4%. the main index that tracks them was down on the year prior to today. most of those names still down on the year but at least for today, getting a little bit of a reprieve. the index about 5%. that is a look at the markets. carol: you are up-to-date on the world of business and a look at today's trading session. now let's look into the bond and treasury trade. bloomberg news global up in our editor with us along with our senior u.s. economist from bloomberg economics. kathleen, let's kick it off with you. interesting to watch the market action on monday. tell me about the treasury trade today. >> what is interesting about the treasury trade today is that to a certain extent, it is all about the stock market because now you have stocks roaring back. surprised when you fall off a cliff, you did something to balance on, of course. futures in chicago. we have

the s&p 500 and nasdaq were both down s&p down by half a point nasdaq composite down by 28 points let'sight in asia. stocks selling off after a weak industrial output and retail sales numbers were reported. a li

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nasdaq comp.cal, biggest loser at a 1.7% loss. >> among those that are negative, facebook and privacy concerns continue there. the social media company responding to persistent claims on how they handle user date stock down in the last six months, down 25% for the year. joining us, recode editor and cnbc contributor, kara swisher nice to have you, especially here at post 9 the latest on facebook and data sharing with partners, it seems to me the core issue is facebook has always been about more sharing is good. don't worry about sharing. it makes your life better. now it is clear sharing doesn't always make our lives better, but facebook doesn't seem to have changed its message claims we dealt with the problems before, it is okay now, but more stuff keeps cropping up. >> a lot of it is about sloppy management of the platform some of the things they're doing to integrate with partners is fine, it makes it easier to make everything work with one another, android works with facebook, spotify. there s

the tech sector, which is bringing the nasdaq down. so let's start with the names. some of the major waggers on the tech sector that i checked before. facebook down, amazon down 5.2%. 1,372. another big mover is google. google we saw just within the past 24 hours today down 3%. so below $1,000. it has entered bear market territory as well. so you're seeing that on your screen, red across the board when it comes to tech stocks. let's bring some green out there, talk about the positives. i want to mention nike. nike released their earnings. they saw sales go up 10% for the quarter. they talked about a lot of strength in north america and more strength in china. the fact that trade has not hit them. we're seeing their stock up 7% at $72.42. we got to bring it back to oil. that is on a lot of investor's minds. the fact that it's trending below $50 u.s. a barrel. so the simply glut is bringing down the price for oil. a good time for shoppers. the last i checked for aaa, the last price is $2.35 a gallon. another big mover and because this is something i talked to with my

the dow jones, nasdaq, and s&p 500 are all down. take a look at the nasdaq 100, down over 2%, this is the worst performing sector on the s&p 500. you can see trade uncertainty is back in the dock -- the spotlight is dragging tech stocks lower. if you are looking at the big 2%, soapple is down over our semiconductor stocks like as well asell as -- an apple supplier that has not cut guidance for the next year. we are also looking at ulta 10%,y down almost investors not liking the market pressure and american airlines are falling 7.5% after they were downgraded. look take a step back and at things at a weekly basis, i have a chart showing how the basis, ir have a chart showing how the u.s. major indexes have performed over the last few weeks. the last number of weeks actually. at the end of last week we were looking at the biggest weekly games in seven years. we are now looking at all of the games, -- gains. opec, they have struck a deal and they will cut production by 1.2 million barrels a day, more than was expected. that has at the

the nasdaq up by 21. on the treasury side of things, let's look at ten-year treasury note yields, a bit of action there to the down side 2.89% the last trade there 2.76% for the two-year on the currencies part of this particular day, we do see euros gaining strength against the u.s. dollar. dollar/yen 113.4 and the pound at 1.26. >>> the oil global supply tightening more quickly next year due to output deals with russia and opec and everybody else, that's from the iea. crude prices just slightly higher $51.06 the trade there let's go worldwide in asia, it was generally positive overnight the nikkei up by a percent. the hang seng was up by over a percent. the shanghai over a percent as well on the european trade, we are mixed but generally positive off the best levels of the session. the dax in germany down by a quarter percent. the cac in france, a similar percentage drop. the ftse in the uk down by 0.1%. the global markets continuing to follow every headline on trade eunice yoon is live in beijing with t

nasdaq, complete opposite direction.i willis live on the new york stock exchange floor. gerri, are people still saying they have no idea what is going on? >> no, they're not. you should have been down here oh, ten minutes or so, more like 15, when the market turned around from negative to positive on the dow. there was a big cheer down here. people were pro that move. we're up 159 points. one of traders telling me, gerri, if we close down just 100 points that will be a big win for the day. now we're positive by 165 points on the dow. s&p up half a point. nasdaq still in negative territory for the day. what are people saying? lots of confusion. maybe short-covering. they say pensions are coming in here at the end of the year and buying. that might be a positive as well, for these stocks. take a look at dow leaders. proctor & gamble not a surprise. ibm higher. merck higher. merck a member of health care sector. that is the only health care sector on the s&p is positive as well. look at negative dow stocks. utx. apple conti

nasdaq down better than 1%, 73 points lower on the nasdaq.ed story yesterday that dow industrials were up 70 points but s&p down a fraction and nasdaq gave up about 28 points on the session yesterday at the close. in europe this morning, the indices are lower. ftse 100 down 56 points, cac quarante down 50, better than 1% and dax index down 112, also down 1%, asian markets down across the board, worst performer was japan as you can see. breaking news this morning, china set to halt punitive tariffs on u.s. autos and car parts beginning january 1st, plus texting scandal in department justice reporter: technical glitch caused texts between exfbi officials peter strzok and lisa page to go missing, details coming up. drivers on new jersey highway scrambling to get as much as they can as armored truck spilled money during rush hour on the road. incredible pictures. plus heading to final frontier, new milestone in space travel. all the stories coming up this morning, but first, top story right now and that's markets in focus, futures indicating a se

the nasdaq up 29. the losses starting as uk prime minister theresa may scrapped a planned vote on her brexit deal tomorrow, sending markets plummeting to lows around midday. in the last hour, french president emanuel macron made his case to the french people hoping to calm the violent protests in his country over taxes and spending with a speech to his nation. has it worked? we will get you the latest breaking news. >>> meanwhile, the u.s./china trade truce close to coming unglued as china's government protests the arrests huawei chief financial officer meng wanzhou while her bail hearing continues. look at this guy. a reporter tweets the picture of a chinese media bigwig brandishing an iphone while urging his leaders to keep them flowing because he can't figure out huawei phones. former deputy secretary of state terry miller is here exclusively to tell us if he thinks meng wanzhou is just a pawn in a game of international trade chess and whether the new money class, the guy in the picture in china, is

the dow, nasdaq, s&p, the nasdaq is officially in that bear market. when you see names like apple down, double digits for the year and strongly down for the year, it is tough to know where the leadership will come, if not from technology from where? that is same question we've been literally asking since early october. susan: maybe sentiments were in a bear market but technically we avoided that for now ending this bull market run. >> in the nasdaq. susan: in nasdaq we are down, but s&p and that is what these technology companies do. they set the bar really low for the numbers. come out and beat them. i guarranty you amazon looks food in the first quarter. >> i don't think they will look all that great. i don't think they will look all that great. markets don't look that great to begin with. as jonathan pointed out, there are more stocks going down than going up. i would expect to see this continue. i think it has a chance to get really ugly when we come back from the break here, sometime. i don't see a reason why all of sudden we should start to get

right now, the nasdaq only down about 18% over the year, the nasdaq down 15% -- excuse me from theirar. the dow is only down about 14%, so we are well away from bear market tell atari -- territory. taking a look at the vix, we close below the 30 level, which is significant. on julystarted the year 2, the vix opened at 11 and close below 10. we averaged around 15 for most of the year. has month alone, the vix averaged a reading of about 24. volatility is relatively elevated heading toward the end of the year, even with the rally we see in stocks. folksday, the bear market have been predicting has been pushed off for a little bit longer. at the markets today. from new york, this is bloomberg. ♪ bloomberg. ♪ jason: you are watching and listening to bloomberg businessweek on this busy thursday afternoon along carol massar and joe weisenthal. we will and the show with really interesting conversation with a guy we have gotten to know little bit. that is steve rosenberg, the ceo of greystone working in the area of affordable housing. great to have you back with us. --ordable housing has als

nasdaq 151 point selloff.ll back in negative territory for 2018, investors rattled by the arrest of chief financial officer in canada. news sparking fear about trade truce between the u.s. and china and the relationship getting