. >> a celebration i'm sara eisen let's look at when's driving the action technology leading the charge. nasdaq up almost3 paterson with gains for apple, tesla and intel more on those straight ahead. dr. fauci saying omicron is quote almost certainly not more severe than delta and glaxo said the treatment is effective oil marching higher today with a boost to the energy sector up now more than 3% for the week. >> we will be all over the rally throughout the show and also ahead two retail ceos give us a look into the consumer, supply chain and inflation. we'll speak about what they see in stores and online and given looking forward so much is the pitch is up there, ian bremer will join us with the first take on the meeting between president biden and p putin. >> let's straight into it. strong comeback. mike santoli tracking the action and josh lipton with the rally. >> mike, start us off. led by technology. >> it's very inclusive with a rally it is all hard for the big technology stocks not to participate in there if you take a look we are back on the trend somewhat. raced right back to

sara eisen hosts "your money: 2022." continues tomorrow 6:00 p.m. eastern. the cnbc app. >>> shares of biogen soaring this afternoon following a report the company is in talks to be acquired by samsung in a deal worth $42 billion the stock finishing higher today by 9.5%. he has a buy rating and a $362 price target on the stock, chris. a korean report says that samsung is in deal talks do you think this could happen >> hey, sara yeah, i think, you know, our take on this is we've certainly seen crazier deals and this actually, when you dig a little bit deeper into the details, samsung actually has stated specifically their strategy is to do more deals and specifically in a biopharma space. they have about $100 billion in cash and, so, i know this is just one publication out of korea, but when you do a little bit more digging, it does seem to make sense, especially given the history that these two firms have of having a jv, at least going back to 2011 >> what about the price? is it fair >> yeah. i guess it depends on a fair to who. again, this would value bioge

. >> welcome, everyone i'm sara eisen happy new year, dubai. we have a look at the fireworks display. >> look at this. >> at the tallest building of course in the world. they ring in the new year. just to give you a moment. always a good show in dubai. it is nice to see the celebrations happening again some were paused in the pandemic last year. we are optimistic. happy new year, dubai. ♪ now let's look at three things driving the action leading are real estate, industrials and consumer staples. oil under pressure despite a blockbuster year we have data overseas with china's manufacturing data better than expected. >> i like that i got new zealand and australia earlier today. >> we'll get russia later. >> you will get an extra couple with the late duty tonight i'll be watching from home we are doing our own new year's countdown. five top tickers of the cayear cnbc tweet us the guesses now and reveal number five on the list in just a few minutes. also coming up, will the bulls or bears be in charge of wall street in the new year different takes

i'm wilfred frost along with sara eisen and mike santoli.lth tech plays the head of the jacob internet fund with the names he likes heading into 2022. plus could tesla's recall putt the brakes on the rally? let's bring in nadine to join the conversation i'll come to you first just on your take as we stand one trading day left of the year a little bit of a pullback and a resoundingly strong finish to the year, december up 5% for the dow and s&p. >> you're right. as i wrote in the notes this morning to the crew, if you had an up day today i thought of it as a gift. options attractively priced. we trimmed high beta positions yesterday i was buying treasuries today the was -- russ plus h having defensiveness in the portfolio. >> we don't get people coming on saying they buy treasuries everybody hates treasuries inflation is high. why are you adding >> sure. so what you have to look at is what's happening next year from the macroeconomic perspective. what will happen is growth of gdp to desell rate and we believe the math also shows that the grow

i'm wilfred frost with sara eisen. and mike santoli, senior market commentator.l hear both sides of the debate coming up on the show plus analysis of earnings. that's moments away. stephanie link still with us i'll come to you in terms of as you sit here what you think about the rest of this year. is the rest of the year got a chance of a rally into year end or are you thinking more that next year won'tprovide the gains as this year >> i think if we can get good data in a week and a half on omicron which is -- going to be a big week not only data on it and cpi, ppi. if people get comfortable that we aren't going to close and getting vaccinated, getting the boosters, i think there's pent-up demand on the consumer side we talked about how the excess savings is enormous. people want to spend on experiences. so i see that in american express with spending on goods and services up double digits last quarter getting through onmicron i think we can rally if the fed tapers it is different than tightening so you want to use days like last friday, some of the days this wee

i'm sara eisen mixed session on wall street the nasdaq under pressure heading boo the final hour of trade. >> i'm david faber in for wilfred frost. let's look at what's driving the action tesla, peloton, zoom weighing on the nasdaq 100 we did get positive news on the data front weekless jobless claims at 184,000, the lowest in five decades. crypto is having a rough session. bitcoin trading back below $50,000. >> wow peloton down 12% tesla down 5 three lawmakers at the forefront of global tech regulations talking to senators marsha black burn and richard blumenthal who led the hearing about protecting kids online and hearing from margrethe vestager of the european union. >> mike santoli is tracking the market action and sara has more on the amazon fine mike, let's start with what you are focusing on. >> the market regrouping after going up 3.5% in 3 days to start the week powerful rebound the low of last friday can probably be considered the low for a while but what's the head room here? that remains a question. so again nothing surprising about taking a pause but just a one point above 47

i'm sara eisen a mixed session here on wall street dow outperforming. nasdaq down.&p 500 is hugging the flat line if it closes higher that marks another record closing high. number 70 for 2021. >> you have been keeping count for us i'm wilfred frost. good afternoon lye from the new york stock exchange. utilities and consumer staples among the top performers crypto is selling off sharply. bitcoin below 50k. 59 minutes left of the session, sara. >> coming up on today's show breaking down the cdc's quarantine pivot and the new isolation guidance and whether the science is backing it up plus, venture capitalist bradley tusk with bold predirction of crypto. >> mike santoli is tracking the action and joining us is peter catchici mike, what is happening on the surface and beneath today? >> kind of a well earned pause from the low a week ago monday we were just above 4500 on the s&p 500. coming into today up 5.7% in 6 trading sessions a sprint relatively broad i have been pointing out that there's wear and tear under the surface. that was catch up moves by many stocks out t

i'm sara eisen here at the new york stock exchange. plenty of green on the screen to kick off the trading week. the dow is erasing last week's losses. >> good afternoon. i'm wilfred frost. today investors digesting the latest on the omicron variant and optimistic headlines white house medical analyzing dr. fauci saying the data is encouraging. reopening plays like airlines, cruises and online travel jumping today. oil is getting a pop and we are keeping a close eye on the crypto market after a brutal weekend of trading. 59 minutes left of the session energy in the lead. >> every sector higher coming up david giroux with the outlook for 2022 three names he says are a long term opportunity shares of poshmark higher today. we'll talk to the ceo about the business and what he's seeing in terms of consumer spend. >> first let's focus on the big stories with mike santoli and a closer look at the volatile tech sector mike, the broader market's up 1.3%. >> respectable we responded to what's building up as an oversold market the average stock d

i'm sara eisen consumer discretionary stocks up today as new data showed the strongest pace of holidayales growth in 17 years energy making a move higher. wti crude back above $75 a barrel the nasdaq outperforming big tech stocks leading higher and semis doing the heavy lifting today. 59 minutes left to go in the session. every sector is green. >> quite comfortably we'll speak with the ceo of check point about the vulnerability and how companies protect themselves and supply chain challenges and opportunities with the ceo of fathom making the spac trading debut today. >> first up let's focus on the big stories this hour. mike santoli tracking the market action and leslie joseph with the latest on the headache facing the airline mike, what are you focused looks like energy and technology on top which is unusual. >> somewhat unusual. it's a pretty broad rally. i would say a deferred fomo. november and december were choppy given how strong the market was going into november a property of preselling anybody who had to or wanted to really bring down risk levels they did so and why the avera

. >> i'm sara eisen. let's look at when's driving the action technology leading the declines.ocusign wrecked on the back of weak guidance. didi said it will delist from new york stock exchange and other stocks also sharply lower. tesla is the biggest drag on the nasdaq falling as elon musk unloads more shares. it's been a bumpy week. >> we will be all of the nasdaq sell-off throughout the show with a tech edition of market zone and speak with the ceo of bitfury before testifying next week to congress on crypto regulation. >> let's focus on the big stories of this hour mike santoli tracking the market action steve liesman with a look at the jobs report. mike, what happened? things were looking solid this morning. >> the pressure built throughout the day and emerged from this intense liquidation type growth. docusign is sort of right at the epicenter of that and seemed to create more of a purge in broader nasdaq names now it is destabilizing the overall market s&p 500 held together. it was mega cap and emerging tech specific and now a new low for the week 100-day average right w

i'm courtney reagan in for sara eisen. inflation headlines sending the averages lower today. >> i'm dominic chu wilfred frost will join us in a moment let's look at what's driving the action today ppi jumping 9.6% in september. fastest pace in record fanning the inflation concerns as the fed meeting gets under way today. the world health organization said the omicron variant is spreading at a rate not seen with a previous variant. pfizer said the covid pill is effective against the variant. the tech trade is lagging adding to sizable losses on the week. microsoft, tesla among the biggest decliners. we have about 59 minutes left to go in the regular trading session. >> it is a big show. coming up, another big exclusive interview you cannot afford to miss wilfred will have brian moynihan to talk about inflation and the consumer and much more. >> straight to the market action and a rough session for the tech shares josh lipton is at the nasdaq with a closer look. >> you mentioned tesla lower in today's trade after the ceo sol

i'm sara eisen at the new york stock exchange major averages higher today. the dow tracking for the a best week since march s&p and nasdaq for the best week since july i'm mike santoli in for wilfred frost. price index climbing 6.8% year over year, highest since the 1980s. tracking some big moves on earnings and pops for broadcom and oracle and a new report on the firsthandful of omicron cases in america mostly mild with one hospitalization and no dearths. dow up about 100. >> coming up on today's show brian deese to talk about how the white house aims to tame inflation. plus the ceo of fintech giant klarna tells us how inflation concerns drive kcustomers to a buzzy payment option mike is tracking the market action and steve liesman with a look at the cpi number there what are you looking at? >> i would say a steady performance in the face of the cpi number, perhaps less bad than feared and opening pop in the shall have popped at this familiar point we have lost maybe a third of that opening rally starting to get the look of this real like kind of a ceiling

i'm sara eisen here.e prospects for its new covid antiviral pill >>> stephanie link is here from high tower, and jeremy siegel joins the conversation professor siegel, this has been a strong three days. we go into positive territory for december for the dow how encouraged are you by the recent action? >> i think what we see, the question is we haveinflation and where are you going to go? bonds look terrible, cash looks terrible you want to be in real assets. profits are doing extremely well i think they have to be much more aggressive than what the market is pointing out, i think stocks will be the place to be next year. maybe not as good as this year, maybe 10% gain in s&p plus or minus as they contend with a more aggressive fed, real assets are the place to be. >> you're the second place to say that on this show this hour. john ariel said three rate hikes next year. how many do you expect >> i think we may have to get to 2% on fed funds. how are you going to five a 5%, 6% inflation which i still think i

. >> welcome, everyone i'm sara eisen happy new year, dubai.k at the fireworks display. >> look at this. >> a

i'm sara eisen the major averages on track here for a second straight day of gains.e'll see whether they can hold in this final hour of trade. >>> and i'm mike santoli in for wilfred frost. let's look at what's driving the action today consumer confidence data out this morning showed an improvement from november's reading on the covid front, pfizer getting emergency approval for its antiviral pill. and hospitalizations from omicron are comparatively low. tesla leading the s&p 500 today after elon musk said he sold enough stock by now. sara >> for the s&p 500, tesla right up there coming up on the show, mohamed el-erian is here to weigh in on the market >>> first hand funds, kevin landis will join us with the stocks he thinks could outperform in the new year >>> first off, let's focus on the big stories of the hour. mike santoli is watching the stories of the hour. and meg tirrell will talk about the antiviral pill that received authorization this hour. >> today, unlike yesterday, it's a little more of a top-heavy rally, but definitely probably constructive that we go

. >> a celebration i'm sara eisen let's look at when's driving the action technology leading the chargeins for apple, tesla and intel more on those straight ahead. dr. fauci saying omicron is quote almost certainly not more

. >> i'm sara eisen. let's look at when's driving the action technology leading the declines.eak guidance. didi said it will delist from new york stock exchange and other stocks also sharply lower. tesla is the biggest drag on the nasdaq falling as elon musk unloads more share

i'm sara eisen consumer discretionary stocks up today as new data showed the strongest pace of holiday

i'm courtney reagan in for sara eisen.day. >> i'm dominic chu wilfred frost will join us in a moment let's look at what's driving the action today ppi jumping 9.6% in september. fastest pace in record fanning the inflation concerns as the fed meeting gets under way today. the world health organization said the omicron variant is spreading at a rate not seen

i'm sara eisen mixed session on wall street the nasdaq under pressure heading boo the final hour of trade look at what's driving the action tesla, peloton, zoom weighing on the nasdaq 100 we did get positive news on the data front weekless jobless claims at

i'm sara eisen more green on the screen as we approach the end of 2021 >> why didn't you come here?e let's have a look at what's driving -- crossing a whole n river. nasdaq is out performing today a number of recent laggards seeing strengt

i'm courtney reagan in for sara eisen. wilfred frost will join us in a moment let's look at what's driving the action uk con

i'm sara eisen at the new york stock exchange major averages higher today.ek since july i'm mike santoli in for wilfred frost. price index climbing 6.8% year over year, highest since the 1980s. tracking some big moves on earnings and pops for

day in a row and could notch its first record close since early november >> welcome, everyone i'm sara eisen what is driving the action in this final hour of trade. treasury yields seeing a meaningful move higher today the 10-year yield now comfortably back above that 1.5% level. that is putting pressure on tech stocks chinese technology companies getting hit particularly hard. and shares of biogen rocketing higher on a report this afternoon it's in negotiations to be acquired by samsung of more tha

i'm sara eisen a mixed session here on wall street dow outperforming. nasdaq down.closes higher that marks another record closing high. number 70 for 2021. >> you have been keeping count for us i'm wilfred frost. good afternoon lye from the new york stock exchange. utilities and consumer staples among the to

averages giving up big gains as we head into the final hour of trade >> welcome, everyone, i'm sara eisendriving the action right now officials saying they have identified the first u.s. case of omicron variant in california that news sending stocks lower fed chair jay powell speaking on capitol hill reiterating again that a faster taper is a

i'm sara eisen here at the new york stock exchange. another wild session here on wall street.time the gains are holding at least so far. the dow leading up 2% heading into the final hour of trading. >> good afternoon. i'm wilfred frost. some of the hardest hit reopening plays bouncing today casinos, online travel names boeing is giving a boost to the dow after a step to clear the 737 max to return to the skies apple underperforming. more on that i

. >>> welcome to "closing bell," i'm sara eisen wilfred frost is out today a third day of gains for stocksving the action durable goods rising more than expected personal income and spending both increasing in november. another covid antiviral pill approved for use this one from merck.

i'm sara eisen the major averages on track here for a second straight day of gains.et's look at what's driving the action today consumer confidence data out this morning showed an improvement from november's reading on the covid front, pfizer getting

i'm sara eisen here with david faber, in for wilfred frost today. president biden outlining new measures from the administration to fight the fast-spreading omicron variant here in the united states, which currently makes up 73% of cases according to the cdc, including shipping 500 million tests to americans for free david, something that a lot of countries have done, and many have said is a long time coming, but the administration is going to do that, along with deploying military doctors and nurses and testing sites in places like new york city. we desperately need them here. you have seen the lines all over the streets. >> yeah, interesting, though, he ended up, of course, focuses on build back better and kind of venturing into our world quite a bit with quoting of goldman sachs and that report yesterday in terms of lowering i think the gdp forecast to a certain extent as a result of build back better, not looking like it was going to get passed, given joe manchin's opposition >> no, it was sort of trumpian t tactic he pinned it on the market and

eastern, do not miss the cnbc special with sara eisen, "your money: 2022," tonight right here on cnbctrades." dr. jay, i understand you've been a little busy during the program. i mean, i know you were paying attention to what we were talking about, but apparently you've been doing some trading, too. >> yeah. scott, this is one that you and i have talked about a lot with the committee, and that is paypal paypal, a lot of folks jumped on it right after the last earnings that was too early when it broke down to 179 or whatever, that was a great entry. i didn't get that low, but i did buy it in the low 180s and have been adding to it as it's rallied here, scott. today, they're buying the 200 calls out in january so, gave me another excuse to buy one of the best companies and talk about one that has had tax law selling, i mean, down from plus 300 to 182 or whatever the low was, scott i mean, a fantastic company, i think, that does very well in the first quarter of next year but the "final trade" for the day -- >> quickly with the other one. >> okay, affirm, buy now pay later, upside calls

i'm kayla tausche in for sara eisen.gest winner in the s&p 500 today after announcing very strong guidance. we'll discuss that outlook in an interview with the company's ceo. you will not want to miss that plus, we'll get a read on the consumer, we are joined by the ceo of ebay. all of that coming up. but we have to talk about what just happened in the markets with the dow losing and then regaining about 100 points just in the last ten minutes of the session. josh brown still with us and mark lehman is the ceo a citizens company also joining the conversation, and earlier today during the fed's news conference chair powell was asked if he thought the fed was behind the curve on getting inflation under control. here's how he responded to that question >> i think that the data that we got toward the end of the fall was a really strong signal that inflation is more persistent and higher and that the risk of it remaining higher for longer has grown. and i think we're reacting to that now and we'll continue to adapt our policy

woods spoke exclusively with our sara eisen about it earlier today. >> the new ceo has been there fore like under his leadership what they're doing from a monetization point of view. we also love twitter's positioning as a verification platform, because we think that's going to become huge with nfts the verification is what is going to make nfts valuable, the scarcity factor. so we're pretty excited about what's going to happen at twitter. >> okay. what do you think? i mean jack is out, cathie wood buys it. should we? >> well, if they do what you and i know they must do, which is to clean the stables, this new ceo can take a very hard look at getting rid of all of the assassins on twitter. >> they won't. >> no, why not he has a chance. he can radically take down them down, it is certainly right, and make it so everybody uses their real name and people will come back in droves to twitter. it has become the meanest place on earth, you know this. he can clean the cesspool. >> is that the only way you could buy the stock? >> yes >> because there's a business and then there's - >> right no

i'm sara eisen here at the new york stock exchange.o kick off the trading week. the dow is erasing last week's losses. >> good afternoon. i'm wilfred frost. today investors digesting the latest on the omicron variant and optimistic headlines white house medical analyzing dr. fauci saying the data is encouraging. reopening plays like airlines, cruises and online travel jumping today. oil is getting a pop

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eastern do not miss a cnbc special with sara eisen, "your money: 2022. don't miss it.ere on cnbc >>> let's do final trades. shannon, why don't you kick us off? >> adobe digital content is going to be king look for a pullback in the first quarter to add to this position. >> okay. farmer jim >> my other favorite stock, qualcomm should be up 20% to 230 by june 30th >> all right steve weiss? >> semis my favorite group. i like a lot of them individually, but you can participate by playing the smh >> okay. all right. downtown, lastly to you. >> sticking with amazon. >> all right happy new year, everybody. to all of you, all of you watching wherever you are, we'll see you on the other side. that does it for us. "the exchange" is now. ♪ >>> happy new year, scott. thank you and hi, everybody. here is what is ahead on the final trading day of the year. >>> with everyone expecting major fed hikes next year, what if it doesn't happen why one strategist says rate hikes could be off the table in 2022 here is a hint it has to do with the dollar >>> and we look at what is next in the

cathie wood joined sara eisen for a cnbc pro talk this morning where she explained why she is still bullishthe name. for that full interview head over to cnbc.com/pro here is a sneak peek of what she said >> at the end of the day we do think the stock is settling down it has the best user interface out there for retail investors despite the controversies, we see a lot of evidence that investors on robinhood are not just trading like crazy, high-frequency traders - [announcer] at southern new hampshire university, we never stop celebrating our students. from day one to graduation to your dream job, that's why we're keeping your tuition low for the 10th year in a row. - [student] the affordability and the quality of education, it can be enough to change your life. - [announcer] as a nonprofit university, we believe in making college more affordable for everyone. - southern new hampshire university, it was just amazing experience. - [announcer] find your degree at snhu.edu. ♪ >>> welcome back to "the exchange." markets losing steam with the dow off session lows of 119 points today's gains stil

2% one of the big holders was cathie woods, ark, that bought twitter and hood -- >> that's what sara eisen is going to do. >> sara starts with cathiy wood in about 20 minutes on cnbc pro. >> this is going to be electric. i think sara is going to basically get us to understand cathie woods' under-performance. sara, i can't wait to watch your interview. >> one of woods big -- eight-month low for gas. >> and yell there's jay powell talking about how things have gotten worse. >> dissense any-- did you sense any -- >> it's not the commodity, but getting it to whatever it is the pivot that jay made was poorly timed, i felt a lot of declines are coming down, but no doubt about it, distribution has gotten better. >> a lot of people argued he was mark from "the usual suspects. others said he's trying to put an insurance policy behind his renomination. >> i think he recognizes -- he wanted to be able to say -- remember, he said a couple months he didn't say i'm going to start selling bonds. the reaction was so extreme yesterday. >> thanks to mark dow for that one. adp was strong, not as strong as so

i'm courtney reagan in for sara eisen.e head boo the final hour of trade. >> i'm jon fortt wilfred frost will join us in a moment let's look at what's driving the action uk confirming a person infected with the omicron variant died. it's spreading at a phenomenal rate energy is among the worst performing some of the meme stocks are hit particularly hard. amc and gamestop down sharply. 59 minutes left to go in the session. court? >> it's going to be a big show, jon. in a moment an exclusive interview. wilfred will join us with ceo games gorman we don't hear from him that often. >> bob pisani is tracking the moves at the new york stock exchange josh lipton at the nasdaq. bob, what are you looking at >> jon, again we are dependent on omicron headlines and take a look at the dow decliners all cyclical stocks dependent on the economy. see weakness in financials like american express and goldman sachs and a spattering of consumer names disney affected by omicron headlines. energy is a proxy for global travel essentially and grow

don't miss our special "your money 2022" hosted by sara eisen. that's at 6:00 p.m. eastern time >>> another look at the biggest gainers for 2021, moderna and nvidia battling for the top spot you can see big returns more than doubling. "squawk on the street" will be right back love my gold jacket, but that aflac blue feels so right. when you feel right, you coach right. i know that's right! prime never believed in double coverage, but health insurance and aflac...is money. ♪ must be the money ♪ and i know how coach prime feels about money. -aflaaaac. -♪ aaahhhh ♪ now that is what this jacket needs. ♪ must be the money ♪ get help with the expenses health insurance doesn't cover. at aaflac.com trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim trading™ is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies righ

averages giving up big gains as we head into the final hour of trade >> welcome, everyone, i'm sara eisen. let's look at what is driving the action right now officials saying they have identified the first u.s. case of omicron variant in california that news sending stocks lower fed chair jay powell speaking on capitol hill reiterating again that a faster taper is a possibility. and salesforce down sharply and weighing heavily on the dow after fourth-quarter guidance missed the mark. 59 minutes left to go in this second >> tech investor dan niles will join us to discuss his biggest concern about the market amid this renewed volatility, and the select few ev names that he does invest in right now. >>> plus, the other shoe drops shares of allbirds down. we'll speak exclusively with the company's co-ceo >> meg tirrell with the latest on the first case of the omicron variant being detected in the u.s. council of economic advisers chair is here to discuss the economic impact. and mike santoli tracking all the market action. let's kick it off with you, meg, and this news this afternoon, which d

i'm sara eisen here with scott walker who is in today for wilfred frost.entator. we'll have instant analysis of results for you from gamestop, rh, rent the runway, as soon as they are out >>> plus, kohl's ceo michelle goss speaks for the first time since an activist is urging that company to spin off its e-commerce business. you do not want to miss that exclusive interview coming up this hour. >>> josh brown from ritholtz wealth management is with us mike, i'll turn to you just to summarize the day. third day in a row of buying even went down at one point on the dow during the day and it looked like we finished strong >> yeah. it was obviously no real profit-taking just yet there are going to be people that are going to squint and say, okay, five closes in the last five weeks or so above 4700 and you can't get any distance from it. we still have the seasonal upside bias that some people are still counting on. and i think that the market did have a good enough shakeout in that 5% drop with most of those kind of crowded positions getting blown away that, in

sara eisen will be speaking with cathie wood live in the latest edition of cnbc pro talks.e futures are bouncing back sharply this morning after the major averages suffered big losses to end the month yesterday, mike santoli joins us with more on the market action what goes up comes down. what goes down comes up, it seems like, mike. >> we get intoage tatd periods where volatility interrupts. we seen a little stabilization inside the market. today you wake up you have another day you are not seeing global exponential spread or bad news and have s&p 500 down three-quarters down. we will have a little bounce we never got down to the levels people were looking at, 35, average market high. the market tried to consolidate around that point, sure, we're oversold on a short-term basis market should bounce we are in december i do think a lot of the heavy selling got flushed away in the last few days. like i take a look at the small cap russell 2,000. it shows the interday move here the bounce we were getting yesterday it closed off its morning lows the russell let us down here will