we look at the official beta that some tape with salt. that.nnot hide >> that is true. six-year low with aluminum and nickel. that is the underlying demand chineseer in the economy is the climbing. exactly. it is across the board and we are waiting on the demand to with export and import to manned. it likely to get worse? what are the people telling you about that? overshoot? to think a lot of people say that the fundamentals do not improve. they say that he is still .aiting for that complex ande the we're checking on some of the other stories and china is pushing for more with the imports. producers exited the it is heard in the u.s., mexico, and canada. in china because of the growth. cuttingrve take is interest rates. they say that the inflation is under control. this is from the finance minister and they say they need for for the targets set january. tanks tot profile of ensure state lenders has dropped, right seeing at a record high. the lenders account for 70%. , stock turmoil in china. at economy and let's look that with su keenan and the summary of the action on

officials tell us they are in the beta testing phase. comcast is the parent company of nbc 10. >>> good news here. amtrak passengers will soon have more options to earn and redeem points in a guest rewards program. starting in july, blackout dates are going away. members will receive bonus points for traveling business class on the acela train. points won't expire as quickly and redeeming them will be easi easier. >>> from the nbc 10 jersey shore bureau, paving the way to a better airport. the federal aviation administration dedicated its new center. the egg harbor township building allows engineers to research environmentally friendly airport pavement materials. >> it allows sort of all types of weather conditions, friction, tire conditions and so it allows us to be able to do that effectively so that we can apply the appropriate technology as we invest in our infrastructure. >> the goal is to help airports save money by lowering costs and extending pavement life. >>> out of china, a sinkhole suddenly opens up at a bus stop, swallowing

officially in a bear market. apping is 2.1% from its high. apple in a bear market. i can understand lower quality, high beta, high pe names being sold off.re you can. what do you make when a company like apple is getting whacked? >> sure. the nature of corrective phases like this is you sell your high beta stuff first, low quality stuff first. as you get through a pullback, you are finally left to the core holdings in a portfolio. surprise. the bigger losses are coming from the best names. home depot, apple, facebook. schwab. these are names you want to see come in here as kind of the last names to go on the down side. and now you're done. >> i'm assuming based on your comments, you are going to be buying stocks. this is a multiyear thing and things are just discounted now four. >> it really is. give this time. it's going to take several weeks to work out. we think the fed is completely out for september. >> are you buying? >> yes. the names i've given you. >> a volatile few days for social media stocks. twitter shares rebounding today. up fractionally after losing about 9% yesterday to close below the ipo price of $26 for the first time