scott wapner and the half. bl . >>> all right, guys, thanks so much. welcome to the halftime show. let's meet our starting line-up. steve weiss is here along with jim levinthal, josh brown, and a special guest for the hour, achb capital's mark lassry, who specializes in distressed investing. our game plan looks like this. opportunity of a lifetime. that's what mark lasry calls a big investment idea. we'll have those stories straight ahead. portfolios with purpose. how you can trade alongside some of the biggest names on wall street. and it's all for charity. we begin, though, with this rough week for the markets. in fact, the worst start ever to a year. stocks have given back their early gains from that strong jobs report. the real question, josh, is where in the world do we go from sneer how disappointing do you think it is that we don't have a meaningful bounce to talk about off of a great jobs report and maybe some stabilization in china if you want to call it that? >> so the s&p's off 9 1/2% from its all-time high. the russell, though, is down 19. which is something we've point

live from the nasdaq market site overlooking times square, i'm scott wapner in tonight for melissa lee. our traders on the desk, tim, steve, brian and guy adami. tonight on "fast," the best week of the year for stocks is in the books and there is something in the charts that could lead to more gains. and we'll tell you what it is. and plus apple is back above $100. if you are worried about earnings next week and a we have a way to protect your shares for free. >>> and later, a blizzard bearing down on the east coast which means you could be stuck inside this weekend. the four stocks you might want to chill with. >>> but first we start with the market. stocks closing higher. the first positive week of the year. the s&p now back above 1,900 and the dow up 643 points from the lows of just this week. this is crude oil -- as crude oil soared 9%, up 15% from its lows and the best week since august. will the rally last? is it safe, tim seymour, to buy stocks? >> the question is why did we rally, scott. and this is a case where we came from oversold conditions to, i think we introduced the cen

i'm scott wapner in for melissa lee. tonight, is the world's biggest bull about to wave the white flag? tom lee is here and says he knows the one thing the bears are missing about stocks. he'll explain. >> plus starbucks falling on weak guidance despite an earnings beat. we'll hear from ceo howard schultz and his take on the expansion plans in china. >> deutsche bank hitting a new all-time low. what's behind that turmoil and what it could mean for the broader rallies, as well. >>> we start with the markets. stocks ending the day higher, closing well off the best levels of the day. oil staging a furious rebound. in the past two days, the doi rallied nearly 440 points off of its lowest levels. the s&p rallying 3% from yesterday's lows. is this a sustainable bounce or the kind of rally that needs to be sold? grasso, i go to you first. you are on the 50-yard line on the floor. >> oil, you said in the opening. oil had a constructive day. the market needed a constructive day. we've been taking the lead from crude. we got a con

scott wapner and the half. bl . >>> all right, guys, thanks so much. welcome to the halftime show.et's meet our starting line-up. steve weiss is here along with jim levinthal, josh brown, and a special guest for the hour, achb capital's mark lassry, who specializes in distressed investing. our game plan looks like this. opportunity of a lifetime. that's what mark lasry calls a big investment idea. we'll have those stories straight ahead. portfolios with purpose. how you can trade alongside some of the biggest names on wall street. and it's all for charity. we begin, though, with this rough week for the

. >> it's been very tough times listening to scott wapner and the "halftime" show and scott wapner was talking about how average stock in the s&p is down 20% from the high. >> and a lot of them are really in bear market territory. >> definitely. i think only been a handful of stocks up last year that made it so the market is even. i think we are in an emotional bear market, high anxiety moment where people feel like it's much worse than it really is. >> it's fear. it really is fear. it's not fundamentals so much. >> my top is -- from "mad money" is we have nothing to fear but fear itself but fear is really bad in the market. >> fear is real. it's not imagined. >> no, it's not. >> let's go to china because the market certainly today and yesterday and really all week have been in the thrall of china's market, also responding to the chinese economy. the two are very different. >> yes, they are. >> right? let's talk a little bit about that, and, second, are we paying too much attention? are we too much enthralled with china? >> these are great questions. the first is that i think there's g

in the meantime, let's get over to headquarters, scott wapner and the half. >>> welcome to "the halftime show." joe terranova is here along with jim laventhal. our game plan looks like this. pharma bosses. live and exclusive today on drug prices. their mega deal. and what could happen next in the health care world. call of the day. why morgan stanley throwing some big-time shade on under armor today and what it means to your money and that stock's future. we begin with the market. stocks trying to reverse this year's dreadful start. not finding much traction however at this hour. the dow is up 50 points. s&p is positive. nasdaq has gone negative. oil is a big story, dropping below 32 bucks a barrel. down 4% for both brent and crude for wti or for brent and wti. wti now lowest level in ten years. wonder weathering crude or china fears could lead to an even deeper pullback. pete what do you think? china dominated headlines last week. >> china dominated headlines last week. started on monday through the rest of the week. then the price of oil last week as well. the complete plummeting each

. >> when scott wapner starts speaking in yiddish, that's the bottom. you can buy it here. >> the colonel clink impersonation. >> we'll see what transpires next week. "power lunch" picks up the story right now. >>> that is the number that everybody is watching. it is the dow jones industrial average, and it is currently down by 454 points, but at the low of the day it was down by 537 points. >> it has been, as you probably know, a very wild day right from the get-go. you see the swings there. those are the dow industrials. beyond the dow, the s&p 500 off 52 points, closing in on a 3% slide. touching lows not seen since really late 2014. >> as for the nasdaq, ty, it is really getting slammed. it's off by 3.5%, and solidly in correction territory. as for oil which, of course, is the

in the meantime, let's get over to headquarters, scott wapner and the half. >>> welcome to "the halftimeterranova is here along with jim laventhal. our game plan looks like this. pharma bosses. live and exclusive today on drug prices. their mega deal. and what could happen next in the health care world. call of the day. why morgan stanley throwing some big-time shade on under armor today and what it means to your money and that stock's future. we begin with the market. stocks trying to reverse this year's dreadful start. not finding much traction however at this hour. the dow is

scott wapner and the half. >> all right, guys, thanks so much. welcome. let's meet our starting lineup. joe terranova is here along with jim laventhal. calls of the day. what those downgrades for netflix and amazon mean to your money. these top performing fang stops topped out. and the winner is our trader of the year shares his strategy. what worked, what didn't and what you can learn from our portfolio challenge. we do begin with the global sell-off. stocks falling in asia all across europe and, now, here at home, on this, the first trading day of

joining me from cnbc is scott wapner.'s talk about the drop and what people are saying, the market analysts, about why this is happening as we close out this week. >> you mentioned the dow was down by more than 500 points already today. adding to what has been just a dreadful start to 2016. you look at the dow, the s&p and the nasdaq, you are down at least 9% now year to date on the major averages and you can blame a number of factors. today, again, concerns about what's taking place within the china economy, that it's slowing to the point where it's going to harm the global economy and perhaps cause a recession here in the united states. there's also been some currency moves within china that have become quite concerning and appear to be having some ripple effects throughout the asian markets and some of the other emerging markets, but now you are starting to hear a drumbeat of concern rachet up about what's really happening here at home. so far, the economy has been okay, not great. manufacturing has not been good. the

scott wapner and the half. >> all right, guys, thanks so much. welcome. let's meet our starting lineup. joe terranova is here along with jim laventhal. calls of the day. what those downgrades for netflix and amazon mean to your money. these top performing fang stops topped out. and the winner is our trader of the year shares his strategy. what worked, what didn't and what you can learn from our portfolio challenge. we do begin with the global sell-off. stocks falling in asia all across europe and, now, here at home, on this, the first trading day of the new year. after chinese economic data disappoints. that market sinking a stunning 7% in today's trade. oil, a big story as well at this hour. it is moving all over the place. as tensions flair up in the middle east. we do begin with equities. josh, happy new year to all of you guys. a reality check, right? new year, same old problems and they start with china and global growth concerns. >> sure, so today it's china. but i think, and i've been saying this for a while now, this is a continuation of what we'v

. >>> "the halftime report" with scott wapner is the place for interviews. >> i see really bright spots. >> real money. >> there is no question, home building stocks have the most up side. >> real debate. >> the s&p 500 is whistling through the graveyard. >> the most profitable hour of the trading day. >> i'm holding on, because i do believe there is a growth scare rather than a bare market. >> "the halftime report" weekdays at noon eastern. >>> hi, everybody. coming up at the top of the hour on "power lunch," if you believe we have hit a relative bottom in the market, and it might be a good time to buy stocks, wall street has some names they think you should take a look at, and we will name them. >>> smart beta is the hot buzz word right now in investing. but what exactly is smart beta, and how can it help you? we will explore that one. >>> and a $2 trillion industry. etfs, a bigger part in many individuals' portfolios, but regulators now ask, whether some funds should be banned. we'll explore the dark side of investing in certain efts. "power lunch," top of the hour. >> thank you. >>>

. >> scott, thank you so much, or scott wapner having gotten comment from jeff gundlach there. you're talking about jeff looking at a very different time frame, than the federal officials that's correct kind of backward-looking. is it possible in the past that markets can keep pounding this thing under they demand more of a response? >> i think to even ask that question shows how much things have changed. markets are important, i understand that, and federal reserve and central banker don't want undue market volatility, but this was you have their own making. whether it was a better outcome than if they had doing nothing is for history to decide. all's i can say is they're kind of like in the landscaping business, and they're never going to pray for a drought. >> let's get a couple quick comments from gerard and steven on this. do you green. the second thing is the forward look fundamentals. we think that's better, so cheaper valuations. i think that would point towards the market moving as it has in the past toward a higher chance of a fed hike. i think the fed will hike in ma

>> scott wapner did tweet today, carl icon told me he owns nothing gtx. >> he owns nothing.l, he could own it on swap. the fact is, at some point he may have owned some and may have gotten rid of it. which is why we told you about the squad chatter. i wanted to point it out. these stories tend to build into become stories when they're not. before they had an opportunity to actually become a story. >> how does that happen? >> i don't know. >> like the talks with checkpoint, two companies that in israel that the marker, the jerusalem paper at one time had an investment is is reporting they could be in talks? cyber software, hot business, cyber are a good company. both israel defense force started. our producer will be coming out with a fabulous book i'm reading about the israeli defense force the companies including checkpoint. it's a natural tie. it's hard to refuse. that's why that stock is up so much much. that's another press report. >> you got to be careful. that's oum. we'll certainly tell you written there is anything substantive that occurs. >> that stock is worth abou

live from the nasdaq market site overlooking times square, i'm scott wapner in tonight for melissa lee tim, steve, brian and guy adami. tonight on "fast," the best week of the year for stocks is in the books and there is something in the charts that could lead to more gains. and we'll tell you what it is. and plus apple is back above $100. if you are worried about earnings next week and a we have a way to protect your shares for free. >>> and later, a blizzard bearing down on the east coast which means you could be stuck inside this weekend. the four stocks you might want to chill with. >>> but first we start with the market. stocks c

. >> i'm so angry at scott wapner and the halftime team for coining the deng stocks. it. >> something to be proud of. >> you know the news, let's get down to the important stuff. what to do. bill gross, portfolio manager at janis global. not the first rate hike fed of 9 1/2 years like we had had on our last fed show. but, you know, kind of a modest statement. we're seeing gold on the move. your take on what the fed did or maybe did not say. >> i think it is a little confusing, brian, like a male driver, myself included, that refuses to ask for directions and winds up, you know, at a gas station after five or ten needless miles down the road. they basically said they can't assess the direction of the future economy and, you know, to me that is not only disheartening, but confusing and suggests that it is beginning to lose its benchmarks as opposed to a fed that is confident in terms of where we're going. >> what do you make of the move in the market. now that we had a few minutes to digest, we see the stock markets are lower. we see people buying treasuries, the yield

i'm scott wapner in for melissa lee.t, is the world's biggest bull about to wave the white flag? tom lee is here and says he knows the one thing the bears are missing about stocks. he'll explain. >> plus starbucks falling on weak guidance despite an earnings beat. we'll hear from ceo howard schultz and his take on the expansion plans in china. >> deutsche bank hitting a new all-time low. what'seh

. >> when scott wapner starts speaking in yiddish, that's the bottom. you can buy it here. >> the colonel clink impersonation. >> we'll see what transpires next week. "power lunch" picks up the story right now. >>> that is the number that everybody is watching. it is the dow jones industrial average, and it is currently down by 454 points, but at the low of the day it was down by 537 points. >> it has been, as you probably know, a very wild day right from the get-go. you see the swings there. those are the dow industrials. beyond the dow, the s&p 500 off 52 points, closing in on a 3% slide. touching lows not seen since really late 2014. >> as for the nasdaq, ty, it is really getting slammed. it's off by 3.5%, and solidly in correction territory. as for oil which, of course, is the central story behind the markets, crude is currently below $30 a barrel for wti. off by nearly 6% as we speak. i believe the last time it settled below $30 was december of 2003. >> and there is gold up $16 an ounce or 1.5% moving the other way as you might well expect today an