adam shapiro is on floor of nyse for us.dam, we've seen a lot of trepidation here in this market over the last several weeks. it seems to me as though a correction is here and it is not going anywhere. what are you hearing down there. >> they're not talking necessarily correction not going anywhere but is a lot of concern, a lot of fear. the vix is up today. look what is happening with the 10-year treasury. people are selling off risk assets and going into treasurys. the yields has fallen. price is going up. we're hovering 2.1% on the 10-year. also look at some other issues driving all of this. we talked about 15 minutes ago we hit session lows, nearly 300 off on the dow. nasdaq is on track for its biggest loss since august 24th. the dow, s&p 500, are poised for the biggest drop since september 1st. one stock to pay attention to. only last year when alibaba debuted, closed $89. down 44%. hit a new all-time low. $57.95. not a good day for a loot off stocks. one stocks trading in the green, intel. go figure. trish: here we are

walking the nyse floor. a live demo coming up. the dow is down 239. two streetlights.nly difference: that little blue thingy. you see it? that's a sensor. using ge software, the light can react to its environment- getting brighter only when it's needed. in a night, it saves a little energy. but, in a year it saves a lot. and the other street? it's been burning energy all night. for frank. frank's a cat. now, two things that are exactly the same, have never been more different. ge software. get connected. get insights. get optimized. want bladder leak underwear that try always discreet underwear and wiggle, giggle, swerve and curve. with soft dual leak guard barriers and a discreet fit that hugs your curves. so bladder leaks can feel like no big deal. get your free pair and valuable coupons at always discreet.com >>> hello once again, everybody, i'm sue herera with your cnbc news update. great britain announcing it will take in 1,000 more refugees fleeing conflicts in syria. the prime minister david cameron speaking in portugal wants to provide those migrants with a saf

lori rothman has all numbers from the floor of the nyse. lori? >> trish, we're just about at session lows with the dow down 440 points. vouch the vix. we watch the volatility index to see uncertainty and concern. it is up about 12% today but look where we've been. that is off the lows of last five days. i don't have to tell you how volatile it has been for the stock market. five day average for the vix about 36. for the year-to-date average is 19. that gives you perspective where investor sentiment lies. we have risk-off today. very classic money flows rotating into gold, for example. gold today is about $9 higher per ounce. that puts it at is 41. a bid into treasures -- 1141. fixed income at 2.18% right now. with that, i send it back to you. trish: lori what are you seeing in volume? >> volume is high today. oh, gosh, i can't actually pinpoint it right now, but i do know a lot of buzz on the floor. a lot of shares trading hands. i can't pinpoint average where we are. trish: we'll check back in with you, thank you very much. >> you got it. >> ada

managing director nyse operations for execution services.ra: coming up in politics, jeb bush fires back at donald trump with an internet video using his own words against him. >> hillary clinton is a terrific woman. i'm a little biased because i've known her for years. sandra: we will tell you what else is in the videos we are focused on wild ride in stock market. stock prices and lower for a third day of the u.s. stock futures are up right now signaling a higher open this morning. we will keep watching them for you. dow futures up 52 points. james led by the tech heavy nasdaq up 310th of 1%. you are watching "fbn:am." this is your first look at morning market and breaking news. we will be right back. ♪ sandra: breaking news this morning. china and in stock trading for the week with more losses as beijing prepares a massive military parade. we'll have a live report. i am sandra smith. lauren: hey, sandra. i am transfixed. despite the slight in china, u.s. stock futures point to wind up wall street looking good this morning. dow futures indic

i was a clerk on the floor of the nyse.loor, richard night, andunday ounces that he is going off the gold standard. i walk on the floor of the nyse and it is up a lot. ,nd i learned that every time but you have is it stimulates and makes everything cheaper and causes things to go up. when you have a zero interest rate,? what will you do? brendan: you have an economic model, central banks around the the u.s. and ease secular stagnation, you are optimistic about china but they will be slow. for investors. the secular think stagnation, i shouldn't even interrupter question. -- your question. brendan: what kind of returns, and the next 10 years, can investors expect? is it going to be different? ray: you know it. you will have returns that are probably going to average somewhere in the vicinity of 3% or 4%. this is a major pension fund problem because the way assets work is when there is quantitative easing for these purchases and prices go up, that is producing a present value effect. it is like a bond. as your bond price goes

david: connell, thanks very much doing yemen's work at the nyse. stocks were about 100 points down than they were before now. it is still a bad day. gerri: terrible day. stocks plunging 400 points. dipping below 16,000 a moment ago. a notoriously negative month for august, worst month in several years. dow down 500 points at its low. we have today's winners and losers. david: not just stocks. [closing bell ringing] oil reversing course after-hours. it is down 8.8%. gold, if you have a little gold, there is a little bright spot. gerri: a little bright spot. how do you keep investments in your 401(k) safe on day like today? david: good question. gerri: we have panel to give you market plunge protection. david: meanwhile a major selloff. gaining momentum in the final hour of trading as the closing bells sound on wall street. let's look where we're ending the day. gerri: take a look at these numbers. the dow down 468 points. s&p down 58. almost 3%. has down 138 points. >> oh. gerri: oil as you said down too after that major run. gold,

connell is taking you into the close on the nyse. connell: a lot of fun in our never boring world in the stock market. another triple digit move, 200 points to the upside. we'll take that following yesterday's dramatic move lower. the dow jones industrial average selling off in the final hour of the trading session of yesterday, briefly dropping below that 16,000 level, 470-point loss, we were here for that. the third worst sell-off of the year, 3% to the downside. all three of the sell-offs by the way coming in the last eight trading days, that's the stretch we've had. worst start to the month of september in 13 years, cost u.s. equity markets $675 million in value according to the wilshire 5,000. today, thank goodness, despite the rally, the dow solidly in correction mode off more than 12% from record-high close on the 19th of may. rising over 200 points at the market open and we have been higher all day long. could we see a major move in the last hour? we have seen that before. that's why you're here, that's why i'm here. less tha

exxon mobil the worse following on the back of the oil conversation and here's what's moving at the nyse right now. bank of america, very widely owned name and getting sold off as well. a little less widely owned. that stock down about 4%. we're going to head to break, but don't you go anywhere. we're back right after this. >>> here is this hour's power points. august anxiety carrying over into september. we begin this month with a huge selloff and stocks have their worst quarter since the first quarter of 2011. tiffany, jp hunt, transport, plum creek timber and duke energy and bright spots out there if you know where to look. sun edison up about 10% and retailer cabella's is up about 2% as well. if you missed any of the big stories in the past hour go visit our site at powerlunch.cnbc.com. brian? >> crude oil continuing its recent series of wild swings. take a look at these moves over the past week, or listen to me tell you them. yesterday we were up nearly 9%. friday we were up about 6.25%. thursday, a big day, up more than 10% and today down 7%. where do we go from here? well, we go t

i'm mandy drury at the nyse. it's time for power pitch where entrepreneurs get only 60 seconds to make their pitch and then a panel of experts decides whether the company has what it takes to become the next big thing. >> hi, i'm dr. laura oboler. >> i'm marjorie goldner. we have a simple mission. to make it easy for women to have babies. millions of babies are born each year but not every one who wants a baby are so lucky. couples are currently spending $5 billion annually on fertility and there are no affordable options. our solution preg prep. developed for any woman ready to have a baby. >> as sperm swim to the egg it can be slowed down by cervical mu cass. this thins cervical mucus so the sperm has a better chance of reaching the eggs and it really works. and it's been so successful that it's currently being carried into 2,300 cvs stores nationwide. come join our megs and get preg prep into the hands of every woman ready to have a baby. >> we just saw the pitch for pre g prep now let's meet the panel. joinin

. >>> welcome back, as we take a look at the open on the nyse this morning. markets mildly higher. the dow industrials barely moved this morning, up about 70 points now. so there was a real surprise on wednesday ace big announcement. steve's jobs famous out said using a stylus is a failure. jobs also probably wouldn't have liked some of that bigger ipad action. he said specifically he thought the original ipad was the right size and the new menus are accessed by force touch. all that said, apple is not run by steve jobs. what we saw wednesday was the company continuing to move on, as we expect it should. we've just learned in the last few minutes ellen powe says she cannot pay to keep fighting. glen powe when the firm hired her. kari hall is out there, justin herman plaza. there's a palo alto company calledsh it would tell you when a game gets exciting. that's way when you're watching packers/bears, your phone or tablet can tell you so. it says the computers are watching is the games, deciding what's most interesting. >> basically we are using computers, but it's all based on the i

that's a live shot of the post over at post five at the nyse.an imagine what people are speculating about right now. there are literally no headlines that we can see that would justify this sudden move. any details, we'll get them to you. >> it's halted again? >> yes. >> when we come back, netflix and amazon walking away winners at last night's emmys. added to your brushing routine... listerine(r) kills up to 99.9% of germs... and helps reverse early gum disease in just two weeks. listerine(r). power to your mouth™! also try listerine(r) floss... formerly reach(r) floss. want bladder leak underwear that try always discreet underwear and wiggle, giggle, swerve and curve. with soft dual leak guard barriers and a discreet fit that hugs your curves. so bladder leaks can feel like no big deal. get your free pair and valuable coupons at always discreet.com >>> take another look at the post where pandora is traded at the nyse. reopened for a second time after two halts. 21.95 the latest price. it's a 10% plus gain. we'll keep an eye on why this is happ

now he is here at the nyse to tell us why health care is the future of tech. plus, facebook launching 360 video and big partners like star wars, gopro and vice. can it compete with youtube? pebble with a new smart watch. we'll hear what the ceo has to say about taking on competitors like apple and samsung. in a moment. >> take a look at the markets. major averages down close to 1.5%. the dow losing 140 points. caterpillar, the largest contributor to that. that's despite durables, unchanged month over month, new home sales coming in better than expected, and jobless claims a bit below expectations. you can see how the markets are trading today. >> certainly. it letsz doctors check heart beak and continue to track it on the go. let's take a look at what's next for mobilized health care. >> quite a presentation with the apple watch in september, earlier this month. tell me what is the response and where are we going to be a couple of years from now with this type of technology where doctors can use a watch to monitor how a pregnant woman's baby's heart rate is do

you see a live look at the nyse big board. the dow is down 408 points and accelerating there. we'll continue to monitor it. the u.s. department of state has released another catch of hillary clinton's e-mails, more than 4,000. the biggest release we've seen so far. several e-mails sent to and from clinton's personal e-mail server show clinton and her staff were careful not to talk about classified material over e-mail, but other e-mails did talk about secret information but before that information was considered classified. we have in the past been talking about how little mrs. clinton seemed to understand about her own technology. in one of the recently released e-mails, clinton refers to her home's internet connection saying, i don't know if i have wifi. how do i find out? take a look at this, it's google's new logo. they announced the new look this morning saying the cleaner look looks better on smaller mobil screens. this logo shows you google is really working for you. the old logo appently is not. it's leaving to spend more time with family. apple thought about buying th

you're looking at a live picture of the big board on the nyse. china, the current scapegoat, but honestly there's an overall nervousness now. >>> there's a case of measles at uc berkeley. a student there is in isolation but he's taken a bus, ac transit bus 25-a. it is contagious if you've not been vaccinated. 130 people got the measles at disneyland last winter. we'll take a look at weather and traffic after the break. atk= ckam 8 -ubl (5) spsor >>> good morning. looking towards a late slowdown. what's going on. not a great picture. this is behind a sign but that's westbound 580. it's over on the shoulder but just enough to cause that slowing. then it lets up. look at the map. that's the slow drive continuing through livermore. the dublin interchange, just fine. clear in hayward. the peninsula showing the slowing there. northbound 101 finally recovering past the airport. and a slow drive down towards milpitas. slow for oakland. the sweepers have kicked in on the southbound side. the northbound commute just starting to clear up but the dust kickin

adam shapiro live from the nyse with answers.n you looked at brazilian real, it is clear they have tough times in brazil. what does that mean for u.s. investors and our economy? >> it depends what kind of investor you are, for those thinking they can outsmart currency markets or play the trades, it's a highly speculative market. currency trading is 4 trillion daily. i asked the question you posed to an expert who is managing director, very well respected in this regard, here's what he told me. i'm comfortable with europe, i like the dollar against asia and like the dollar emerging markets. here's what's happening for currency traders and those who invest in currencies in the past couple of months and year to date. here's a look at the charts. in brazil, the real is down dramatically, the canadian dollar down 15.3% against the dollar, mexican peso down 15.8%. when you look at brazil and canada those are commodity driven currencies, with the global slowdown, you see what's happened there. the other chart, china, the yuan down 2.6%.

live from post 9 at the nyse. >> you recommend the stocks and you come back and see that on the street. the guy doesn't say you idiot, you put me in j&j. i'm not doing that. that's a win in this market. >> it all starts at 9:00 a.m. eastern. you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. >>> last night i devoted the top of the show to explaining why this market so hated and i went there again today. in particular there are five groups of formerly beloved stocks that are loathed. these groups are like open wounds that keep bleeding red ink all over the market and pushing the averages lower. except for rare days like today, we got a brief respite from the selling. one of the most open wounds, a vicious cut that feels like it hit an artery is the oil and gas complex. versus where they were a year ago has caused immense carnage in all things related to energy. from the hideous drillers to solid pipeline players that are being pun

live from post nine at the nyse. >> i can tell you when stocks go down there are some buyers and they are not just hedge funds. >> it all starts at 9:00 a.m. eastern. >>> i always say, if you want to get a real read on the state of the hiring in the country, especially going into friday's payroll report, check in with paycheck. specializing in small, medium sized business and i count myself as a client which has a growing benefits outsourcing business. this morning they reported strong quarter. delivering a $0.07 earning beat off $0.71 got people to take notice. 8% year-over-year. this is much better than i expected since they are still rating for a pay rate hike. they collect interest in the money while they are waiting for you to cash your paychex. the stock jumps $1.62 today. and so let's look at the president and ceo of paychex and welcome back to "mad money." >> thanks, jim, great to be here. >> marty, it seems like two things went for you. first business formation definitely better. but second, per customer, you're getting more out of them, why? >> well we're selling a lot more

bob pisani joins us from the nyse floor. not just what's happening with biotechs but a plethora of fed speak to digest here for the market, largely hawkish as well. >> and i think that is impacting as well. let's take a look at the s&p 500. 3 to 2 advancing to declining stocks at the new york stock exchange but it was a lot bet irthan that earlier. the volume is on the moderate side after friday's titanic volume, second biggest volume day of the year. put up the s&p 500. we started turning south a bit right around the european close around 11:30 but i think 3457ndy has it right. all that talk from fed officials about maybe raising rates combined with hillary clinton's comments weakened the market a bit. if you look at the sectors, energy has held up pretty well as we had oil up about 3%. there's always a big mover. financials doing better after getting clocked a little bit last week. consumer staples strong, but there you see health care down noticeably, and while bertha highlighted the biotechs rightly so, it's not just tha

we have four new highs, 337 new lows at the nyse.out 2,500 stocks that matter. 3 to 1 declining to advancing. volume is not heavy. buyers strike, not sellers' panic. the global slowdown story. what happened is caterpillar announced layoffs and they're down noticeably, but every day these big industrials are down 1%. you know what the cumulative effect of that is? look at what the big names have looked like on the quarter. eaton down 24%. everything these big names, all down 20%. these are huge global industrial companies. this has been a really difficult almost devastating quarter and going down 1% doesn't describe it. you have to look at the quarter to see what's going on. we've been in a down trend since the fed meeting. janet yellen will be speaking tonight. people are hopeful she might say something. the s&p down 3%. copper and oil also in a down trend as well. brian, just in the last five days we're talking about. back to you. >> yeah, big market day could be a big market night with the fed chair speaking later this evening. bob

. >>> stocks at session highs, mary thompson at the nyse, bertha coombs over at nasdaq. mary, let's start with you. are you prepared for the whoopen my uva cavaliers are going to put on the irish on saturday in charlottesville? >> they're shaking in their boots in south bend, tyler. yeah, should be an interesting game. my irish looked pretty good last saturday against texas. the texas team wasn't looking so good. >> not so much. >> we'll be watching of course on saturday. right now the dow is very close to actually at its highs of the session just crossing that 16,400 mark. we've seen about a 30, 40-point rally in just the past ten minutes or so. we've seen today a kind of continuation of light volume trading and today on slightly narrower range, about 180 points or so for the dow jones industrial average. markets are little shaky at the start. then they picked up steam. broad-based valley that we are seeing today in the markets as concerns about what the fed is going to do and what's happening in china continue to overshadow trading today. quick check of the sectors. we

live from post 9 at the nyse. >> i lick this. i can take this deal. anybody can take it.an take this deal. there isn't anyone in the countries that couldn't do this. >> it all starts at 9:00 a.m. eastern. . >>> in this difficult environment, it's very hard to find new stocks. ones you don't even know that seem unstopably higher. tonight we're going off the carts with a charter market technician, the professor of world college, as well as my colleague. he spotted a stock on fire. he thinks if you keep rocketing into the stratosphere, i know i was intrigued. the statistic, it's a company you probably never heard of called tyler technologies and the symbol is tyl. tyler is the largest provider of integrated software and information technology systems used exclusively by the public sector. in short, they help city, states, counties, school districts and local government entities thems run more efficiently. got you on the list. right? i didn't know it. the story here really starts with the technic also. not the fundamental also. last week they looked at tyler technologies, all

david: lori rothman at nyse. melissa. melissa: for more on markets we have financial times editor. and raymond james chief financial strategist, jeff saut. and ira epstein of the lynn group. thanks for all of you joining us. jillian, start with you. another wild day in the markets. >> big theme at the moment. melissa: absolutely. jeff what do you make of that? how long do you think this will continue? is it all reaction to what may or may not happen with the fed? >> yeah, i think it has a lot to do with it. news over weekend was obviously constructive. we told accounts that you probably get a move like you saw on august 26th and 27th coming out of compression oversold low. looks to me you will get peekaboo above two thousand. we'll come back down and test lows again. -- 2,000. >> ira, what do you think about the news out of the world bank, liz claman told to us? world bank piling on tellings the ned not to raise rates? >> they will do waver they can to shore it up, what they're asking for, the imf, world bank, let them do their job. you don't have to throw higher rates out in front

let's get back down to the nyse. >> the clouds thwarted my viewing of that but i'm glad you got to check it out. moving on. apple's iphone success launched on friday. after the weekend sales, the numbers are in. 13 million of those new phones have been sold in the past three days. can we expect that mo mementum continue going forward? chris sullivan is the ceo of gazelle. gazelle specializes in trade-ins and used phones. it's hard to compare apples to apples on these iphone numbers. it's interesting, if you see more people trading in iphone 6s than the trend would have been comparably last year. because that gives a sense of people trading those in, they're probably upgrading. what are you seeing over the past few days? >> we are seeing the same thing. we're seeing that trend. for the last few days, actually for most of this month, the iphone 6s have been over 40% of our total trade-in. in prior years, one generation old phones, are between 30% and 35%. we are seeing a noticeable uptick in the percentage of one generation's old phones being traded in. >> do you have any sense of whether

connell is taking you into the close on the nyse.lot of fun in our never boring world in the stock market. another triple digit move, 200 points to the upside. we'll take that following yesterday's dramatic move lower. the dow jones industrial average selling off in the final hour of the trading session of yesterday, briefly dropping below that 16,000 level, 470-point loss, we were here for that. the third worst sell-off of the year, 3% to the downside. all three of the sell-offs by the way coming in the last eight trading days, that's the stretch we've had. worst start to the month of september in 13 years, cost

the nyse betting has begun and we'll know whether the federal reserve has decided to tighten interest rates. arguably for anybody who's watched the market and people who are young the last time we saw rates get tightened 9+ years ago, this is fascinating and matters to your money. the first time the fed moves to the upside on rates. traders here on the floor of the new york stock exchange and around the nation are betting right and left up and down as to what might happen and pointing to strange behavior in the bond market specifically the short end of the so-called yield curve. that's the two year bond market, the two-year yield. it hit highest level in 4 1/2 years. and starting i would have to say about yesterday, this behavior grabbed traders' attention. we're moving higher by 113 points for the dow jones industrials, the s&p up a nice gain solidly higher by about 14 points. however, if fed chief janet yellen use global market drama as a reason or some say an excuse to hold off on tightening rates, there are people saying how can she ever tighten rates? always going to be a problem

interesting report out of our friend jim rickards, ashley webster and liz claman from the floor of the nyse interesting point making the case, the fed's work has already been done. the effectiveness of a tightening cycle is already happening, becauses a look around the world and look at brazil's real which may be devalued. the south african currency which may be facing a devaluation. that's effectively putting us higher which acts as a break on the economy. there by acting as a tightening measure. liz claman, what are folks telling you whether or not we're going to get a hike? >> that is the moment by moment question here, trish. i say on the floor it's about 50-50, as we take informal polls every time we come down here. they're not sure, that's because the fed has telegraphed it is not sure, it is not ready to announce that anything is going to happen. we have about six days, right? watching a market that is very sensitive and not moving on emotion, only on technicals. that's all they have to go on. trish: ashley, it puts investors to a certain extent in a bad spot. >> it does. trish: we'r

in a way to insure that they and we always remember, the nyse observed a moment of silence today, 9:25 a.m. this morning, right before the opening bell rang to mark the anniversary of the deadliest terror attack on american soil. the exchange and the nation commemorating the horrific events of september 11th, 2001. look, the numbers are stunning and staggering, but we should always repeat them. nearly 3,000 people were killed here in new york in the heart of the financial district and at the pentagon. and not to mention, we must never forget what happened in shanksville, pennsylvania, where the fourth hijacked plane eventually crashed because of the bravery of the passengers onboard who wanted to insure that that plane didn't crash somewhere into another building to take even more lives. it is, of course, never business as usual on this anniversary here on the floor of the new york stock exchange, but it is still, of course, a business day. and in order to honor those people, we show the terrorists they cannot stop the business and, of course, all that we've become here in america, the

teddy weisberg on floor of nyse and steve holland with me as well. teddy, this is a market we said all along is very dependent on the federal reserve. effectively that suggest bar high they kept going. they basically indicated they will keep it going for the foreseeable future. yet you have a market that's nervous, that's selling off. what is really troubling people here? >> think one of the problems, and it is not new news to anybody, that the fed still appears to be trapped between a rock and hard place. i'm not sure they know what to do. one things markets do not like is uncertainty. i think a lot of folks were primed to see the fed bump rates up at the last meeting. i think there was a lot of disappointment when they didn't do it no matter what the reasons. now we have a whole new set of pa rammers it. they're worried about china, they're worried about this and they're worried about that you know what? they can all worry about things until they're in never-never land. trish: the market keeps going down and the fed worries and everybody else worri

the nyse and nasdaq will recognize the day.ederal open markets committee meets next week to discuss interest rates. nobody is quite sure what's going to happen. it's been an odd year so far for tech stocks, fewer tech companies have gone public in year, in fact, the fewest since 2008 and the ones that do have met mixed success. we've been talking a lot about sun run. if you got in on the ipo, if you were one of those wheelers and dealers that got in early you can get that stock for $14 or you can buy it today for $11. yesterday sun run said it most its first profit and investors still yaund, but no tech stock has been more disappointing than alibaba. it's down 40% for the year. this was not the biggest tech ipo, it was the biggest ipo in history, period and the smartest thing you could have done at the time was not buy this stock. so those are the things that go down, let's talk about things that go up and especially spaceships. spacex has released new pictures inside its dragon crew capsule, this is what it would loo look like

nyse is cheering. everybody is happy about what happened to the market today. hoping that it won't be one shot or even two-shot deal. that this will be a sustained rally. let's hope for the best, where it was earlier in the day. it was shootings up early in the morning. it came down to about 100 points, even a little below 100 points. almost 300-point rally. gerri: let's go. i love this. the first green on the screen, dow up over 270 points. s&p 500 and nasdaq in positive territory too. nasdaq on fire as closing bell sounds on wall street. david: here is a look where we're ending the day. as you can see all the green except for gold, gold taking it on the chin. but even oil, healthy rise in oil despite what we heard from the saudis suggesting they will continue to pump. phil strebo in the pits of cme in chicago watching oil's wild ride. first adam shapiro on floor of the new york stock exchange. adam, looks like we ended the day just about the high. >> just about the highs, that would be accurate and there was concern at some point, david, we were actually fall

nyse this morning it was men's warehouse, they have an executive office in fremont, they are look allpiffy, the dow the second worst week of the year last week, doing much better this morning up 311 points. over at times square, san francisco's new story on the electronic bell, new story builds home for the displaced all over the world, nasdaq gaining 99 points in morning. we're watching what will happen to jobs at good technology a company in sunnyvale, it's been purchased by blackberry. $425 million. significantly thes than early investors hoped for but they got an exit. >>> apple has its next iphone event tomorrow in san francisco. the first iphone was released it was nothing short of a miracle. totally changed the way we live. tomorrow we're expecting they will have it in pink. >>> the record for lining up is 18 days, that came last time in the iphone 6. i realize these people are mostly generating publicity. this company represent add company called video medicine. we have not heard of reports of lining up just yet. it's possible, remember the watch, there will be no lines, they

apparently nyse on any of the am phones it retypes it as nude.o any type they say can you fill in at the nyse, it's nude. >> it was so far. anyway let's get a check on the markets this morning. the futures are under pressure this morning and this comes after green ar rows for the markets yesterday. the dow futures are down by almost 200 points. we'll keep an eye on this. s&p futures down by 25 and the nasdaq down by 27. take a look at what's happening. it's a similar reflection there. the cac is down by 3%. the ftse is down by 2.25%. also check out asia. you'll see at this point, in the closes overnight, the nikkei was closed because japan has a public holiday today but the shanghai composite was up by 1%. in korea kospi was up and hang sang was higher as well. wti giving up a little bit of ground down to 45.63. let's check out the bond market and see where the ten year note stands yielding 2.158%. also take a look at currency. at this point dollar is up against the euro at 11170. it's down against the yen at 11978. a final look at gold prices sh

. >> today i think i would ignore t let's take you out live to the big board at the nyse. dow industrials down 268 points, a little bit better than 1.5%, that's actually much better than we expected. we were looking for dow down as much as 400 points, but we didn't get that. some good news this morning about car sales, fords in particular doing very well, that helped sort of slow the dow and the fall there. rule 48 is in effect, i won't get into it, but it definitely slowed the amount of volatility and there are no circuit breakers in effect. circuit breakers you will recall were installed -- not literal circuit breakers, but the idea of circuit breakers back in 2012, we would have to have a much worse day to have that happen. yahoo's ceo marissa myers says she's pregnant with twins. she said she will spend as much time in the office as possible. she had a little boy three years ago after which she extended yahoo's parental lead. myers points outs the odds of her having twins was 1 in 300. >>> reports say apple thought about buying top gear, you will recall top gear the mo

billion to sell on the close has now just doubled to $2 billion to sell on the close down here at the nyse minutes to go on the session. dan heckman, it's just a single day. let's not get overhyped up about something like that, but what are you doing for your clients' money with very unclear picture regarding the federal reserve in the future? >> well, liz, we're disappointed with lack of action out of the fed. we felt like they should have raised rates all the way back in june. they had a much better opportunity, and now they're in a box, in a corner. we're advising clients to go to risk off type assets, have ample cash and, frankly, make sure you have plenty of bonds with equity prices. we differ a little bit with your previous guest in the sense that we think volatility is going to actually ramp back up here, unfortunately, in the near term. liz: okay. now, what's interesting is joe durant, you're saying right now the place to go is emerging markets and europe. why? >> you don't invest yet in emerging markets. we think there's an interesting opportunity. i agree with your prior guest. t

teddy weisberg on floor of nyse and steve holland with me as well.is is a market we said all along is very dependent on

coming to nyse. rosanna: they had to go through major security and that will happen in new york city, they're not going to take any chance, the holy father has a lot of guardian angels but he will have 6,000 more in blue uniform around him. greg: he needs the protection, hard to believe but the pope is the target. they tried to assassinate john paul ii, pull a gun on him, shot him in the middle of st. peter's square. rosanna: a lot of the transferss going through central park will be closed in the next several days. is scheduled through the park has everybody wondering is going to get out of a popemobile, shake hands or will he do a drive by? greg: teresa priolo is where he will be saying on the upper east side. what street? >> reporter: 72 street. good morning. residentss behind me being blocked this morning, dispersing up the place of little bit, doesn't need much help but they are taking some planters out of this truck and putting them it looks to be right in front of the people residents with a l

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biggest commodity trader to take aggressive action and we'll take a look at most active stocks in the nyse. free fort mcmoran is up 4%, but stay tuned to find out more. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. stay tuned to find out more. ort stay tuned to find out more. por stay tuned to find out more. e >>> billed as one of the biggest commodity traders and collapsing prices in oil, gold, copper, and other key commodities has forced glencore to scrap its dividends and take other decisive steps. kate kelly is here. what have they have been doing? >> glencore the most beaten down stock in the mining industry surprised the market yesterday with an aggressive plan to stabilize its balance sheet all in a bid to stop its nearly 65% market slide which has made it the worst performer in the london ftse. the plan involves suspending dividend until further notice. at least six months, selling at least $1 billion worth of assets, including certain precious metal and agricultural holdings and raising $1.5 billion as part of a new equity share issuance to be comp

as we head to break, look at the most active stocks on the nyse.u more on this market selloff with the dow down more than 200. we thought we'd be ready. but demand for our cocktail bitters was huge. i could feel our deadlines racing towards us. we didn't need a loan. we needed short-term funding. fast. our amex helped us fill the orders. just like that. you can't predict it, but you can be ready. another step on the journey. will you be ready when growth presents itself. realize your buying power at open.com. selling 18 homes? easy. building them all in four and a half months? now that was a leap. i was calling in every favor i could, to track down enough lumber to get the job done. and i knew i could rely on american express to help me buy those building materials. there are always going to be unknowns. you just have to be ready for them. another step on the journey... will you be ready when growth presents itself? realize your buying power at open.com >>> we're off the session lows. still firmly in the red. take a look at the dow. down 247 points

let's get back to today's trading action with mary thompson at the nyse and bertha combs. >> as you said, we have come off a recent decline. the dow jones industrial average right now just about 40 point gain for the dow today. the biotech, rebound we're seeing in biotech stocks certainly supporting shares today. we want to note that russell 2000 is not participating in today's rally. also despite some steadiness we're seeing in the markets, despite a couple rocky days, traders are still expecting the s&p 500 to retest the august lows of 1867. as for today, i just got off the phone with a trader who said he is watching the ratio which he believes is signalling movement higher for stocks. the put-call ratio is typically 80. that means lots of people are buying puts. he think that's is a contrary indicator. the energy sector was higher. it is lower now. it is trading to the up side along with material stocks. today although the stocks within the energy sector, they're a mixed bag. we're seeing weakness in the pipeline stocks. we're seeing some strength in some of the drillers today. back t

. >> of the nyse, an electronic platform. chief executive said that the process, the rule 48 process they invoke down here is, quote, broken, that major changes need to be made. and nobody on the planet operates that way and no one should operate that way saying he sees very limited value in the use of humans on the trading floor. >> yeah. look. this is to be expected. this is fun to watch from the outside, right? it's like pepsi and coke battling it out. >> regulatory concern? >> it's just what i said about 48. put in place at the time they were changing the market structure here. and one of the big problems, we put in a rule that went into effect in 2007 that mandated high-frequency trading. and we never went back to study the market quality and never decided, were these decisions appropriate? does rule 48 that was associated with this market structure apply? does it make sense as something we should work with to change. >> back down to steve liesman who just sat down to treasury secretary jack lew. what can you tell us? >>

bob pisani, thank you at the nyse. >>> in the bond market we were tracking this closely.esterday we didn't see the action correlate with the stock market in that we saw the stock market selling off, we didn't see much action at all in the bond market. today we are seeing the tlt lower by .5%. a couple reasons here that people are pointing to, first off. that china's potentially been selling treasuries and also those risk parody funds out there. risk parody, basically a lot of assets in the market are allocated to these funds. essentially when market volatility goes a little haywire, there's some forced selling and wepeople were sayin that's the reason for the lid on the treasury market. >>> look at some of the most weedily held stocks. google higher by 2%. apple 3%. microsoft up almost 3%. jpmorgan leading the banking sector by 1.4% gain at this hour. "power lunch" is back in two. no student's ever photographed mean ms. colegrove. but your dell 2-in-1 laptop gives you the spunk for an unsanctioned selfie. that's that new gear feeling. all laptops on sale, save $230 on thi

bertha coombs is at the nasdaq and bob pisani is on the floor of the nyse. >> it's about as steady a state as you could possibly imagine and generally the minority opinion is the fed will hike. i have been in that minority group for a while. look at the s&p 500. about an 8 point trading range, that's half of the normal day's trading range. we're essentially sitting at the highs. but this is a very narrow range. the market this is the middle of the day, you don't get a market any more steady than this one. the breadth is dead even. the volume is light to moderate. there's nothing blowing up. the volatility is essentially flat. this is a steady state market right now. in terms of the sectors, nothing is up more than a half a point or down more than a half a point. there is your health care, moderate gain this is health care and energy and financials. materials, energies, industries are on the downside at this point. fairly steady state. take a look at the vix, the volatility index. we are at 50 on august 25th and we've been trending downward since then. let's call it sideways in the la

we'll talk about what that might mean for q3 when "squawk on the street" continues from the nyse in a moment. (vo) what does the world run on? it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. ahh... steve, other than making me move stuff, ces. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this. >>> the south lawn of the white house hasn't seen this much activity in a long time. you've got the pope of course earlier in the week. and right now it is president obama and chinese presiden

yesterday how has new york stock exchange handled this, hft-- >> the issue i don't think can be handled by nyse the 60 market centers in the country. i think it will got to be handled by regulators the sec fed treasury those who compose the market committee oversight committee have got to bring our regulations in line with the trespassed and strategies you see in the market. maria: you trust them to be able to do that though. >>. sandra: do you trust them -- >> sandra, what they have at their i think beck and call are people in the community who would be happy to lend their time and talent to an overhaul, to bring the regulations in line with current technologies and strategies. >> i just want to say one thing to that i hope mary joe white of sec watches wall street week on sunday to understand from dick exactly what are the issue is why they should bring him in, to sit down with them, and explain what they need to know. maria: it is a different market right now how from being aired ahow fractured right now. >> ibm a bellwether each can relate to trades 60 different venues can anyone tell me la

this is a live look at the nyse. dow industrials losing 400.nd the peninsula, 80 degrees in san francisco. a nice comfortable 73 degrees and a mixture of sun and clouds in the north bay. sunny with a high of 86. let's see how the traffic is rolling with mike. >> it's flowing slowly, kari. the bay bridge getting a little better, though. the crash affecting folks at the off-ramp from the bay bridge and the skyway. still recovering speeds over the last few minutes. a crash in northbound 880 right past the coliseum. slows you down through downtown. slow drive across the san mateo and dumbarton bridge. a heavy volume around the bay. look at the south bay. we're southbound 880 jamming up into the northbound directions. your commute slow for 85. the earlier crash at saratoga avenue cleared, but then in the backup at 17. back to you. >> thanks. >> another local news update in half an hour. we'll see you then. my name is phil zietlow, and i've been an engineer on the cheerios team for 51 years. about five years ago, i found out that if my daughter-in-la