we look at facebook, netflix, google as hypergrowth companies when their hypergrowth is behind them.hey are still growing quickly. what is happening now is the hypergrowth in private companies is being bought out by private investors, right? i do not know that uber will accelerate their growth. in their growth rates are probably going to decline. stephanie: and early investors cannot get out. mark: they are stuck. stephanie: when you think about all of your businesses, when you think about what you are most concerned about, what is it? especially being from detroit. dan: the biggest concern is the overreaching power of the federal government and the kinds of things they are doing today that we have never seen before, at least not in my lifetime. it is very disconcerting to businesses. i get calls every day from ceo's, public companies, private companies just with stories that are not even out there of stuff going on. so that to me of the biggest concern. also this belief that companies and corporations are evil across the board. shareholders of public companies -- shares are owned by

facebook, amazon, netflix, google. you mentioned facebook and google selling into the advertisers. selling into the consumer. as is amazon. is there anything that unites them/? ? can we look at that acronym as a useful lens to analyze the sector? it is confusing but i think those companies you saw a lot of investors gravitate to last year. high concentration of investments into those companies. they accounted for -- the performance of the tech sector last year with just those for companies. story.mazing success netflix, the focus on the international business and investing. somebody i used to talk to years ago around netflix used to shout at the television about the low barriers to entry in that business model. it has not seem to have stopped them yet. is that something that could haunt netflix? w the cost of content is going up. if you do not have unique content, it is hard to get traction. the barriers to entry are pretty high. anna: twitter. we mentioned that you think they are risking being heading for the internet graveyard. why? walter: i think twitter has about 300 million us

facebook, amazon, netflix, alpha pet -- google's parent company -- all falling especially hard in today'sh selloff. these momentum darlings were huge winners last year, but today they're getting beaten up. oil, meantime, settling at $30.89, down 2.6% on the day, off about 83 cents. not great, but as you can see, u.s. oil companies also going right along with the price of oil, all moving lower. look at conocophillips, down 7%, devon energy also off 8%. so what's the play in all of this? grab your money and run for the hills? let's get right to the floor show. we've got traders at the new york stock exchange, the cme and the nymex, also joining us is tom gimble at lasalle, we'll talk about the jobs report with teddy. god bless you. why do you keep doing this? you should retire to your mansion in the hamptons and let someone else try and figure out this market. what the heck's going on? >> if i have to retire to the hamptons, i'll be cutting your grass. [laughter] you know, it is, it is breathtakingly disturbing, what's going on in the tech sector. it's like they decided to take certain sect

half dozen names on a fundamental basis remain book, amazon, netflix, google, expedia and price line. we continue to like the stocks and we think a few of them are either extra attractive right here and probably at the top of the list is amazon. >> so you believe mark that what has happened so far this year is just a resetting of valuations. not some sort of broader speecur shift in the spending habits or advertising budgets for a lot of these companies. >> we had very consistent secular growth trends. google gave us accelerating revenue growth in it's 16th straight quarter of revenue growth. amazon gave you the th straight quarter of 20% retail revenue growth and price line gave you it's 40th consecutive quarter plus bookings growth. i don't see any change in the fundamental trends and we had results out of facebook and that's why the stock out performed the market. and google, i was actually surprised that google isn't more outperforming the market. >> correct me if i'm getting some of your thesis wrong here but if i recall you dropped facebook from the bagel because you viewed the

i'm waiting for a short cover move in f.a.n.g., that's facebook, apple, amazon, netflix, google.et. i thought apple hung well yesterday. some people took a shot at it. >> f.a.n.g. is down 17% for the year. after rising 70% last year. >> right. >> nasdaq, even though we're on the cusp of this bear market for the naz, trades at a 24% premium to the s&p. >> that's crazy. dow jones is surprisingly strong. well above -- >> what's the multiple disparity? i would assume it has higher growth rate. >> yeah. >> higher growth rate but no one cares. i was going over some of these nasdaq companies doing so well, like adobe and it's like, you know, no thank you. they're doing so well. but the tableau software, linkedin changovhang over remai do you pay for a company 50 times earnings? do you keep it there? there's been no takeovers no rationalizations. by the way, in terms of the ipos that want to come public what does this say? >> i know. when you look at facebook and the quart their company had -- the acceleration of the top line and its incredible ebita margins, you look at it and you're in

we look at facebook, netflix, google as hypergrowth companies when their hypergrowth is behind them. still growing quickly. what is happening now is the hypergrowth in private companies is being bought out by private investors, right? i do not know that uber will accelerate their growth. in their growth rates are probably going to decline. stephanie: and early investors cannot get out. mark: they are stuck. stephanie: when you think about all of your businesses, when you think about what you are most concerned about, what is it? especially being from detroit. ert: the biggest concern is the overreaching power of the federal government and the kinds of things they are doing today that we have never seen before, at least not in my lifetime. it is very disconcerting to businesses. ceo'scalls every day from , public companies, private companies just with stories that are not even out there of stuff going on. so that's a me of the biggest concern. that companiesf and corporations are evil across the board. shareholders of public companies -- shares are owned by pension unions, this is ame

looking at what we saw friday, the free fall for names, especially winners of last year, facebook, netflix, googleave taken a turn for the worse. does it say something absentment or hedge fund activity? >> i think two things. one, people think about technology, it's highly dependent on economic growth. it's clearly an area that we can weaken earnings. but i think people have become worried about the high multiple stock. if luke at performance over the last year or two, we've found a narrower nifty 50. with values delivering growth. some of those multiples are coming down a bit. people are becoming more concerned with their outlook. more concerned about the overall market outlook. >> can we quickly touch on banks as well. we've already mentioned during the conversation of the show that the european banks have suffered over the last week. what about u.s. banks? with the relatively low levels we're seeing with the u.s. banks? >> i look at the bank, sorlts of one, a trend long-term. in my view, so much regulate tore oversight, the fact that one of the democratic candidates is beginning to get a lot of

apple, netflix, google, what used to be alphabet, comcast, gilead.fastest growing sectors of society. they don't pay attention. they are sector allocation. what most people don't know, qs, nasdaq 100 are growing revenues, earnings, dividends, more than double rate of s&p 500. if i give you two-ways to play qs as broad-based play, qqq is one. one our products would have downside protection. both use same basic broad-based index. pay attention to broad markets and focus on individual companies names within the indexes. liz: closing bell is coming up in a second. ward says no recession. we'll put sean's picks up on facebook.com/liz claman. "countdown to the closing bell," we're down. i hand it to david and cheryl for final lap. >> this is it, liz, thank you so much. david: bring it on. ted cruz is urging donald trump to file what cruz is call act frivolous lawsuit. we'll explain. >> new polls ahead of crucial voting in south carolina and nevada three days from now. find out who is on top and who may be in trouble. david: privacy versus national security

now we look at facebook, netflix, google as hypergrowth companies when their hypergrowth is behind themrowing quickly. what is happening now is the hypergrowth in private companies is being bought out by private investors, right? i do not know that uber will accelerate their growth. their growth rates are probably going to decline. stephanie: and early investors cannot get out. mark: they are stuck. stephanie: across all of your businesses, when you think about all of your businesses, when you think about what you are most concerned about, what you are worried about what is it? , especially being from detroit. you are in a relatively depressed environment. dan: the biggest concern is the overreaching power of the federal government and the kinds of things they are doing today that we have never seen before, at least not in my lifetime. and, you know it is very , disconcerting to businesses. you know i get calls every day , from ceo's, public companies, private companies just with stories that are not even out there of stuff going on. that to me is the biggest concern. also this belief t

gains and facebook, tha netflix, and google. the turning point came at 1:00 p.m.stanley fischer made comments, saying that the moves are not predetermined because it needs to assess the impact of the recent market turmoil, and they can't say what it is. alix: they already committed to a predetermined amount. overall, google have a pretty blowout quarter. profit and sales beat top and bottom line, ads up, q4 revenue, if you back out sales, up 19%. someone pointed out earlier that 90%, whichds were up made up for the fact that they made less. scarlet: continuing that trend we have been seeing. alix: although i should point out that it's paring a little bit of gains in after-hours trading. scarlet: hopeful you did not miss our recession where we askweek, the guests as they were fearful of the u.s. recession. one of the focuses was on credit, especially high-yield. a senior market strategist at morgan stanley does not believe the u.s. will fall into a recession, and that high-yield is currently offering attractive risk reward profile. was my mind. wha-- blows my mind.

so now we look at facebook, netflix, google as hyper growth companies, when there are growth is behind happening now, the hyper growth in private companies is being bought out by private investors. i do not know that uber is going to accelerate their growth. stephanie: and early investors can't get out. mark: they are stuck. now with reggae plus, there are different versions -- i am working with different banking groups to say, let's go out and find companies that have $30 million in revenue, 100%-plus annual growth, 10 percent net profit after tax, and find ways to go public, because that accomplishes several things. liquid wayvestors a to invest in hyper growth companies, which i think is great for the market and does not exist right now. it's great for the company going public because the visibility, the liquidity, the cash for trade, the liquidity for their employees, it makes it easier to raise capital, and being the old -- beholden to the market is nonsense. what is worse? crushed likestock linkedin, not meeting the expectations of private investors, having multiple down rounds w

line wer, t long term monthly charts interpreted by bob lange suggest that facebook, amazon, netflix and google have up trends which means ones this market wide selloff ends, fang but shor but short termnge cebook and going wl have nt prospect, netflix is hit so hard, it may be due for an oversold bounce. but amazon's crt, it just plain broken. much more "mad money" ahead. under ar under armourays he's the s of all his training. and i got the ceo of one othe budoes that maket worth buying? why don't you stick with cramer? here in e city, parking is hard to find. ems like eveone drives. d those o do should switch to geico cause you could ve hundreds ocar insurance. ahperfect. valet rking. heo! here the ks. and, uh, go easy on ride, mate. hm, wouldn't mind some of that ef wellington... to see how mh you could save on car insurance, go to ge!arlarmnd it's ok! ugh! heartburn! no one bur on my wat tralka-seltzereaburn relichews. they work fast and don't taste chalky. mmm...amazing. i have heartburn. alka-sel heartburn reefews. ,, n (sternly): whe do you think you're going? mr. mucus: to work, with y

scarlet: some other positions were , amazon, netflix, and google. became crowded trades contributed to the underperformance this year, but hedge funds are actually doing ok now in 2016. >> the macro funds are doing well. there has been a rotation that has taken place between january and february as companies were .ow back buying shares we think about the individual companies the fund managers are looking at. there has been a rotation in the stocks and will likely continue to do well. amazon,s is an example, google, alphabet, those companies have some common characteristics, that is to say they are expanding their margins , a key issue we look for. stronger balance sheets. those of the two attributes that as much ally not focus of fund managers as they should be, and those of the reasons we look at this group of stocks, what characteristics do we find a common among them and are likely to outperform in 2016. scarlet: thank you so much for joining us. alix: coming up my interview with cheniere energy, the new venture, bullish outlook on natural gas, a

weaker than expected is dragging on all kinds of technology stocks such as facebook, amazon, netflix, google so across the board it is shedding negative tone here across the board. it was the number one stock people are talking about. the stock was down $82 at $109.90. neil: you're amazing, nicole. you don't sleep. >> reporter: thank you. neil: on fbn-am, not just business and markets, but the whole enchilada, out the door and away you go. nicole, thank you very much. nicole petallides. >>> the big dustup of hillary clinton and bernie sanders is who is more progressive and the argument that clinton isn't, she gets a lot of cash from big investment banks and the like, and bernie sanders would not let go of that. wouldn't you know that is a key theme behind bernie sanders supporters, he doesn't take money from big banks and further more. 27 bucks at a time, which is why sanders keeps pounding it, which is why sanders is on "saturday night live" this weekend, which is why larry david, i'm suspecting, to be on "saturday night live" to trump the popular bernie sanders. sort this out. we will afte

facebook, amazon, netflix and google. these companies can do things that we can only just imagine today. just think ten years back. amazon used to only sell books and netflix mailed dvds. these four companies are changing the world. now, the g in fang is google or more properly called alphabet these days. it reports its profits this afternoon. we care for two reasons. first, tens of thousands of our friends and neighbors work for this company, right? secondly, alphabet will be for the first time breaking out to give us the profts and losses. this does two things. first, we'll know what these cookie companies do and how much they cost. robot cars and that's the search for ever lasting youth. we'll know the cost of all this. we'll know how much money google, the search engine actually makes because it won't be weighed down by these ventures. uber never misses an opportunity to self-mote and using the super bowl in its latest push. tomorrow uber will offer touch football games with former 49ers quarterback joe montana and tre

however, the long term monthly charts interpreted by bob lange suggest that facebook, amazon, netflix and googlep trends which means ones this market wide selloff ends, fang can get the groove back. but short term, lange thinks facebook and going will have decent prospect, netflix is hit so hard, it may be due for an oversold bounce. but amazon's chart, it's just plain broken. much more "mad money" ahead. under armour says he's the sum of all his training. and i got the ceo of one of the very few stocks in the black for the year. but does that make it worth buying? why don't you stick with cramer? >>> sometimes you have to define the direction of the market in an apples to apples and oranges to oranges way. that's how can you understand what's really going on. what are the real fears of investors? not just the ones expressed by the generic vix, put-call ratios. take for example the extreme valuations in nashgt and when i say extreme, i am talking about genuinely out of control evaluation that's i've not seen since the 1980s. just consider that american airlines, united, couldn't nent attal, gene

however, the long term monthly charts interpreted by bob lange suggest that facebook, amazon, netflix and google have up trends which means ones this market wide selloff ends, fang can get the groove back. but short term, lange thinks facebook and going will have decent prospect, netflix is hit so hard, it may be due for an oversold bounce. but amazon's chart, it's just much more "mad money" ahead. under armour says he's the sum of all his training. and i got the ceo of one of the very few stocks in the black for the year. but does that make it worth buying? why don't you stick with cramer? here in the city, parking is hard to find. seems like everyone drives. and those who do should switch to geico because you could save hundreds on car insurance. ah, perfect. valet parking. hello! here's the keys. and, uh, go easy on my ride, mate. hm, wouldn't mind some of that beef wellington... to see how much you could save on car insurance, go to geico.com. ah! (car alarm sounds) it's ok! ugh! heartburn! no one burns on my watch! try alka-seltzer heartburn reliefchews. they work fast and don't taste chalk

facebook, amazon, netflix, and google, the so-called f.a.n.g.toc stocks, are getting crushed, bringing down the overall markets. this morning, economists questioning those big names. do stay tuned. you're watching "worldwide exchange" on cnbc. friends coming over? yeah, so? it stinks in here. you've got to wash this whole room are you kidding? wash it? let's wash it with febreze. for all the things you can't wash, use... ...febreze fabric refresher whoa hey mrs. webber inhales hey, it smells nice in here and try pluggable febreze... ...to continuously eliminate odors for... ...up to 45 days of freshness pluggable febreze and fabric refresher... ...[inhale + exhale mnemonic]... ...two more ways to breathe happy on the floor! everybody down! hey, do something!e floor! oh, i'm not a security guard. i'm a security monitor. i only notify people if there's a robbery. there's a robbery! why monitor a problem if you don't fix it? that's why lifelock does more than free credit monitoring to protect you from identity theft. we not only use proprietary tec

>> host: at this point are cable companies, broadcast companies, netflix, apple tv, google tv and crumb tv are they regulated different or unregulated? >> guest: i would think they would say that they are. it depends on what base you are talking about in the cable market. cable and satellite companies are subject to different regulations and then also compared to providers. when you get into things like google fiber that is the cable company so it seems like there's a little bit of redrawing of how these different companies are regulated as more and more combined. >> host: cory bennett another topic? >> guest: think the u.s. and china the cyber relations between the two countries will continue to be interesting. it has fallen out of the headline somewhat in the last few months following in september president obama and president xi agreed to this deal to incorporate taxing up the kind of cyber espionage we saw with the opm hack but the kind of hacking were a country steals another company's intellectual property and perhaps gives it to it domestic competitor. all analysts have said that

the growth for facebook, amazon, netflix and google, which has become alphabet. it turns out to be much cheaper because the earningsest -- estimates are too low. alphabet's conference call who has brought investment bank like disciplined to this outrageously times accessibly profited execution gave every growth stock manager goose bumps because the economy accelerated revenue growth at the same time that it's been ratcheting back expenses, kind of breathtaking. that enabled them to blow away the estimates. revealing the stock was cheap this is an incredibly important lesson for you. the great growth stocks always look very expensive, if not ridiculously slow because we see earnings in the out years most people look at it in the short term and any commentator is scorn because you're supposed to be bound by the rules of not recommending pie in the sky expensive stocks as if somehow alphabet will be 3 d systems at $97 two years ago, it's at seven or another go pro. as someone that professed love for growth stocks when i think growth seems sustainable, i glad ly acce

stuart: facebook, amazon, netflix, google. how much of it last? >> 156 billion. stuart: this year?> this year. liz: they had a massive run-up this last year. stuart: gold, we said earlier it had surged. it's not even $1200 an ounce. ashley: it is up 14% since december 3rd, by far the best class. the question is how far can it go? analysts are saying there is no inflation. it is a safe haven like the treasury. can it go higher? maybe. the long-term on this is not -- stuart: if you are looking for safety, it is not so much gold. with the yield on the 10 year is 171. liz: now they are talking to the u.s. banks to get ready for negative fields. stuart: 171 on your screen. you don't see that very often. >> ready but your money? you invest in a higher risk assets last, which would be equity. stuart: well, maybe you do. i want safety, boys. goldman sachs says there is a risk that the price of oil drops below $20 a barrel. todd, come on in, please. if you drop below 20 bucks a barrel, that is a real bias, isn't it? >> it is, but i don't think goldman sachs really means it. this is part of

there are momentum favorites, netflix, google amazon trading at this hour on varney right after this. been a, quote, extraordinary success. let me see if i got this right. they take in years and sells out of your body, they genetically engineered those white blood cells, stick them back into your body and where they attack cancer cells successfully. >> it allows your immune system to attack cancer. very little success in forever in doing that. 94% of those patients with acute leukemia, no symptoms. 80% of those with non hodgkin's lymphoma responded positively and half of those were symptom free. that is incredible. stuart: i want to get more on this story. in july, vermont will be the first state to label foods it genetically modified organisms in them. my next guest says gm o labeling is useless. a food policy writer, if i want to know if there is gm no material, and i don't have to buy and a legitimate reason for labeling. >> that is not the purpose, the organic industry and environmental group, to eliminate genetically modified foods from the food supply and that is the end game. a

forgotten fang, may not have the remarkable returns of netflix or amazon, but googles

one of the big selloffs of the day were the facebooks, the amazons, the netflix and google, but apple on the day, and and i think the reason is the valuations are so reasonable on apple. you know, to get a marquee brand like apple selling at ten times earnings, that's just a wonderful bargain, and that's something you should be adding to your portfolio. liz: okay. because people are looking at this and saying i'm going straight to treasuries. i'd rather get a measly 1.75% yield on the ten-year -- >> yeah, but, liz, i'd rather get 2.2 on apple. apple's yield is over 2%, right? iphone sales perhaps are slowing, but they're not going negative, it's not going off a cliff. you're still making good money. apple's still earning a very healthy profit. liz: and the brilliant people who created the iphone which created so much shareholder value are still there and creating things. we guarantee you that. but to john lonski, looking at the data that we're getting this week, really i would say that it's retail sales we're waiting for on friday. what are you expecting here going boo a long weekend?

certainly i think there were a lot of people hetting in on this traitde, t facebook, amazon, netflix, google- stephanie: it is interesting because not everyone is on the same page. you see chass omen going and i'vd david einhorn cutting. doesn't say something to you when major investors start to pull out of these banks? simone: not necessarily, not after the incredible rallies we had last year. gina: energy was a clear market laggard, so naturally in december-january, you see a lot of transitions, shading transitions. the extent of the outperformance and underperformance of energy last year was the big surprise, and that might be a region why you he such -- a reason why you see such volatile trading. stephanie: people forget that fund existed's before. he was a million-dollar fund. then when subprime came, clearly his name -- you would have thought he got gold wrong here. matt: are you calling him a one-hit wonder? he did have one big hit. stephanie: a really big hit. paulson'san see john holding in the etf, the world's largest etf, and another reduction here right before it takes off. funct

average consumer as well. >> host: at this point are cable companies, broadcast companies, netflix, amazon, apple tv, google tv, chrome tv, are they all regulated differently or unregulated at some point? >> guest: i think they would say that they are. it sort of depends on which space you're talking about. but in the cable market, cable companies and satellite companies are subject to very different regulations just between themselves and then also with, compared to edge providers. when you get into things like google fiber, that is a cable company, so it seems like there's a little bit of redrawing of how all these different companies are regulated as more and more combine. >> host: cory bennett, another topic. >> guest: well, i think u.s. and china, the cyber relations between the two countries, is going to continue to be interesting. it has fallen out of the headlines somewhat in the last few months following in september president obama and chinese president xi agreed to this deal to end corporate hacking. not the kind of cyber espionage that we saw with the opm hack, but the kind of hacking where a co

facebook, google, amazon, netflix. the earnings prospects taking out of them.hether or not we are really on the borderline of a recession, we are quite a wave from that. average hourly earnings. we are actually positive. clearly, the market is starting the week where we finished on friday. that is to the downside. trish: thank you so much, tim. 376 on the dow. we are live here. new hampshire. the sight of the big debate. new hampshire was. the last republican debate. on an effort to stop marco rubio's memorandum. governor christie really going after rubio. what he calls scripted talking points. watch this, everyone. >> that is what washington, d.c. does. and then they memorize 252nd speech. >> this notion that barack obama does not know what he is doing. >> does chris christie have a point. does this hurt voters? howie kurtz. welcome. [laughter] what do you think? you saw all the candidates pylon to marco. what did it tell you? >> clearly, it was a rough night for marco rubio. in part because it plays into a media narrative. it produced all these apocalyptic he

facebook, amazon, netflix and alphabet, formerly known as google, all got hammered today as the tech sector fell 3 percent. amazon stock fell 6.3 percent and alphabet dropped almost 4 percent. but it was linked in that took the biggest hit among tech favorites. the business social media job connector fell as much as 40 percent after an earnings report that lowered guidance for 2016. linked in hit a new 52 week low, 102 dollars and 81 cents at the end of trading it was down 43 percent but investors helped themselves to healthy portions of tyson 95 cents a share. the u.s. meat and poultry giant reported higher than expected first-quarter earnings and raised its financial forecasts for 2016 even though sales of chicken beef and pork declined in the last quarter. tyson closed up 10 percent. next week investors will focus on federal reserve chief janet yellen as she testifies before congress on the economy and central bank monetary policy. on the floor of the new york stock exchange, adam shapiro, fox business. there's still much more to come in the next half-hour... just ahead -- zika ou

google? hulu, netflix? >> many types of devices that you want to see. you want to look at and access your content on. i think the question is, why do we have -- it's not just the cable guys that are under assault. it includes 20th century fox, abc, cbs, motion picture association of america, basically everybody who's in the existing closed sphere looks at this and says, this sort of tips it over for us. why would we want to do that. i think you have to ask the question, what's in it for me? i'm not sure what's in it for either the distributors or programmers to see this happen. there are things google could do to make it more appealing, or the fcc could do to make it more appealing. it's about breaking the sort of closed system. >> john, got to leave it there. thank you. >> thank you. >> does this change the way you look at the landscape? >> the landscape is changed. so it doesn't change the way i look at it. we've had this discussion before, like comcast now trades at 14 times earnings. disney got ratcheted all the way down to 14. i think the entire sp

forgotten fang, may not have the remarkable returns of netflix or amazon, but google is taking off fornvestors. we begin with the first trading day of february. here's where we stand. the dow has made a triple digit move for the ninth straight day. volatility continues way off the lows of the day. down by more than 100 early on. but that's where we sit. dow is down 50, 16,416. and go far right of your screen there, the look at crude oil, which is getting crushed today. it is down 5%, just shy of $32 a barrel. tom barrett, good to see you again. >> hi. >> the backdrop doesn't look good. >> it's bumpy, everything you have been talking about the last couple weeks, very little transparency, tremendous nervousness, a rush to liquid y liquidity. china, qe, japan, europe, all things that we knew and were priced in all of a sudden cause even a more sudden return to liquidity. and that heads the hedge funds. so redemptions are increasing at an exponential pace, and that has an effect on everything. it's a great time for us. it's a moment to look at really illiquid alternatives in a meaningful w

netflix, 4%. alphabet, formerly google, 3%. >> you're looking for something to extend the rally for you.hat's what you're getting now. that's why we're rallying towards those levels. is it long-lasting, remains to be seen. that was the necessary component of extending the rally. >> pete, the same question. is it enough? and if i back it up by saying, well, okay, it's great. energy doing well. >> i think it's less about the fang stocks. more about -- >> financials are the worst performing sector of the month. >> that should be concerning. >> so the fly in the ointment of this rally. >> i'll give the positive. the fact that the volatility index dropped 20% in the last week. when you look at the oil volatility index, another 20%. that was 81. and here we are in the low 60s. you look at the ovx. volatility has come out. oil moved from 26 over to $30 a barrel. we continue to be strapped to where is oil going. it's been energy and materials that have been leading this rally to the up side with a few others actually participating. but it's not the financials, scott, to your point. we're seeing

google is up. netflix is up. alphabet which i still call google which is just me.d pick a bunch random ones. all 10 sectors are up. energy materials, outpacing rest. look at gains today for oil up by more than 7%. more than $2 a barrel. anxiety level, market is going down today, vix under 20. neil will be right back. neil: all right, let's look at the dow real quickly. up 262 1/2 points. higher oil prices are the big reason. you know that score. they go up. stocks go up. jetblue founder is here on airline industry whether they're low or high, the industry is doing very, very well. he has proven that with his airlines with flights to brazil, now with flights daily to portugal, beginning like when, now? >> 10th, 11th of june, austin non-stop daily and jfk for the peak season july 1st. >> why portugal all of a sudden? a lot of people are saying, saying good things bit, but not immediate destination. >> happens all in brazil. portugal serves 11 cities from lisbon to brazil. there are a lot of synergies there. i looked at service you hardly have anything in the united s

look at a company like amazon who is already growing in this space, acquiring netflix would give them a huge boost. google would be another potential option. david: thank you so much. mike olson joining us from minnesota. coming up, china's central bank pumping another $15 billion into the country's lending system. is it the right move? we will look at the latest data. rough seas for royal caribbean. the strong u.s. dollar and rising interest rates take a serious bite out of profit. oil getting crushed today as traders free with crude --ckpiles rose ♪ david: welcome back to bloomberg markets. time for your bloomberg business flash. a judge's order and yahoo! to hand over documents detailing her some liar's firing of her -- marissa mayer's firing of her former secondha in command. the judges said her conduct is worthy of investigation. shares of exxon mobil falling today. the world's biggest oil store cutting its budget to a 30 or low. -- 30 year low. takatside panel finds that ta had no program in place to -- theality problems airbags have been blamed for 11 deaths. that is your bloomberg business slash u

amazon, google, having a mixed session. netflixing even as the other large cap technology shares showed weakness. corey: that was bloombergs julie hyman in new york. coming up, watch out fedex and ups. bloomberg got hold of an interesting internal document that showed plans to grow amazon into a global shipping sector. and we will hear from goldman sachs president and another ceo later at this hour. ♪ ♪ corey: the latest revolving door. -- the benefits -- zene fits executive out. value written down as much as 22%. executive shakeups, paypal has a new technology officer. papal shares ending today more than 2.5%. andon quietly working expansion of its fulfillment by amazon service. according to documents uncovered by bloomberg news. andill turn into a fedex ups rival, and they are also thinking of alibaba as a competitor. ryan peterson and an author on a book of amazon join us next. glad to have you both here. ?rad, what is the specifics to get a planning document out of the very secretive amazon, what spencer came up with was a docu