jonathan: back with us are james keenan, winifred cisar, and peter tchir. ere was an appetite to go abroad, get outside the united states, and then china happened. what do you make of that trade at the moment? peter: you still want to do it. there will be some things that go on. obviously, a lot of em has been hit hard, what is going on with oil prices. we were already starting to see people pull supply chains out of china and look to move elsewhere. that will accelerate. there will be emerging-market countries that benefit from that. at the same time, we would avoid the middle eastern debt and turkey. one of the generals that we talk to -- our thought was that iran would not retaliate right away. we are starting to hit that window. we think we could see something in the cyber front in the coming weeks. as a whole, i like the asia-pacific. i don't know when the right time will be but local currency will be interesting after that big selloff. jonathan: are you part of the v-shaped crew? peter: i think it will take much longer. everyone is talking about the su

. >> peter tchir, thank you for your thoughts. >> thanks a lot, rick. >> carl quintanilla, back to youeel take i >> i'll take it, rick. one stock that is a great beneficiary of what's going on is alpha pro tech. a very small company, but they do make proprietary facemasks. the stock is responding. >> they probably can't get them anymore. >> probably not. they do make them all in the united states. sourced domestically >> probably having supplies problems >> sara, obviously the market is going to be the key as you're following on "the closing bell." we follow all day into that key hour >> the most important hour of trade. boy, has it been dramatic in recent sessions. we'll be all over the sell-off for you. we have a great lineup guest to help you navigate including blackrock managing districter to rick rieder. we'll ask him about the moves and what the level of fear is in this market. >> see you later on. we should mention s&p is some 40-some-odd points off the session lows good morning it is 8:00 a.m. at microsoft headquarters in seattle, 11:00 a.m. on wall street, and "squawk alley" i