we want to go to seema mody with the latest on when to expect the opening trade. ose. >> reporter: we're getting close. the goal is to maintain a line of communication with jpmorgan, key syndicate and a number of brokers on the street to try to pair trends. 5.1 million paired shares, at $86, the indicative price lyft could open at. jeff thomas, head of west coast operations for nasdaq, help us understand where we're at in the process. >> jay is talking to jpmorgan and the rest of the street, letting them know the time line and how many shares we have, asking if they want to get involved, time to put in orders. >> about 5 million paired shares, that's good. >> usually see 10 to 15% of ipo volume in the opening cross. we had 32.5 million shares last night. 3 to 5 million range is what we expect, but looks like it is going higher >> $2.4 billion has been raised, biggest ipo since facebook listed in 2012 how has the ipo process evolved? >> we work closely with banks to build out this technology, we put all of the data in terms of orders for buy and sell on their deskto

seema mody joins us now with today's action seema?tt, here's a look at how european stocks are closing out. a mixed session for the major averages the german dax underperforming the major averages, you can see down just about a third of 1%. the autoparts maker scheffler said it would cut #00 jobs and reduce its product range following its weak results last year and that stock is down about 7.5% but on the flip side, tech is among the best-performing groups in european, following an upbeat outlook from uk chip maker, dialogue semiconductor that stock up about 2% there's still these economic warning signs out of europe that continue to escalate the oecd forecasting italy will see a 0.2% contraction in 2019, which would be the country's worst yearly performance since 2013 and that news sending italy's ten-year yield to its lowest level in over a month. it comes ahead of tomorrow's ebc policy meeting where rates are expected to be kept on hold. the question is whether the council will make changes to the forward guidance and mention the u

our >> seema mody.t can platforms like facebook and twitter do to combat election interference and the viral spread of fake news? let's ask former facebook insider alex stamos, the company's chief security officer from 2015 to 2018. also a cyber security analyst for nbc news alex, thanks for joining me. >> thank you >> in india specifically, is this a preview of what we could be talking about here? huge reliance on messaging apps, private communications, in a way, there's no way to police or is there >> there's two complications in india that did not apply to what the social media companies have done to protect the united states election in the 2018 midterms the first is that what's app is encrypted. made the decision to put the content of people's discussions outside of the reach of facebook and governments. which makes it very difficult to know what people are talking about, what they're passing along. and the second complication is the people who are posting this information are legitimately indian c

this is my tell for the day that they're doing quite well with this one >>> dom chu, seema mody and billths >>> jamie dimon will be right here live on "the exchange." we'll get his take on the fed, the economy, so much more. don't go anywhere. >>> welcome back to "the exchange." here are some of the movers this hour viacom is warning of at&t's directv that they may lose their channels if the two sides can't agree to a new contract by friday viacom shares are struggling down more than 5% today and on pace for their worst pace this year >>> jeffreys is citing concerns about peak game profit and sony's bility to enter the smartphone business. >>> the company received fda approval for its first drug specifically designed to treat women with post-partum depression ceo jeff jonas will join jim cramer on "mad money" at 6:00 p.m. tonight. >>> time for a cnbc news update. hi, sue. >> hello here's what's happening at this hour relatives of those killed in last week's shooting at two mosques in new zealand have begun to bury their dead hundreds of mourners gathered at a grave dessing i name t idesi

well, seema mody got an clusive loo behind the curtain as the buyers were paired with th sellers. with such a high-profile offering with a lot at ste, it played out like a hollywood suspense fil >> reportean it is allds on deck here at the nasdaq. still awaiting lyft to open for trade. often times you'll see 10 to 15% of the ipo shares turned over in the first tras so i really organizing all those buy an sell orders. this will take a good long time given the number of orders in the book so we'll keep working with the underwriters and the street to figure out when the stock will open. >> reporter: once thatrocess kicks off, how long will it take to align the buy and sell orders? it couldake anywhere from 30 minutes to two hours. we'll work through the process and keep you posted. >> reporter: two hours? that would be 12:30. >> we're settling in a range of 85 to 90er thare about 2.9 million shares. we'll keep buildg and take our time. >> reporter: this is a large ipo and therefore it takes time to ge all those shares onto t ma and again the buy and sell orders. holdup?the >> i'm jus

let's get over to seema mody at the nasdaq, check in with her in terms of what is going on over theredavid, markets may be open. we still have some time before lyft officially trades as a public company here at the nasdaq behind me is nasdaq's capital markets team, gearing up for this ipo one that has generated a lot of attention, this will in fact be the biggest ipo for the nasdaq since facebook went public in 2012 of course, it did receive a lot of attention duringing i ints r show as well this ipo was oversubscribed this week we saw lyft increase its price range from 62 to $68, to $70 to $72 to price at the high end of the range at $72. now the task at hand here is for the nasdaq's capital markets team and their chief ipo officer, which you can see back there jay heller, who we'll speak to throughout the morning is to work in coordination with ipo, the syndicate trading partner to ensthure this process is transparent that is always a challenge for big ipos like lyft the quoting proc 10:35 a.m 10:45 a.m. is when shares are eligible to trade. but from what we understand, this company

♪ >>> welcome back to the halftime report i'm seema mody this is futures now.r treasury yield falling today and hitting a new 14-month low after expected fed board nominee steven moore called for rate cuts bob, does the drop continue in the ten-year yield >> in the short term, i don't think so i think we're a little out over our skis people forget we were close to 2% as recently as the middle of 2016 so it's not out of the realm of possibility, but i think we've got a little parabollic for yields the auctions went well in germany from a demand perspective. that's going to slow down. i see a pullback around 2.42 on the 10-year and probably a move lower in yields. >> the data from china not helping. antho anthony, what levels are you watching >> i've got 2.32 and 2.25 below that when you have negative yields in most of europe right now that the 2.35% looks very attractive to investors so i would continue to think that this yield is going to slide. >> all right anthony and bob, thank you for more futures now, check out futuresnow.cnbc.com. alime po" "hftrertwill r

seema mody is at the nasdaq market site where shares opened for trading before noon eastern. idre bows is de de and we seema, so let's kick it off with you >> it was a crucial day for nasdaq and gets shares of lyft to the market in a timely manner lyft opening for trade at around 11:45 a.m. eastern at $87. though as you can see, off the highs. trading around the $80 handle. with the gains, lyft has a market cap over $23 billion, making it larger than her i have, discovery and motorola among others a number of silicon valley unicorns are in line to go public in the coming months. the question is can lyft continue to generate strong investor demand through its first earnings report? we spoke to a number of invest today that said a key test for lyft to show investors while it's loss making it is continuing to expand its footprint and user base and that it is working towards becoming a profitable company >> thank you very much for that. >> let's go to deidre bosa with a look at competition between lyft and uber. >> lift's first day pop is good news for uber, because though the two

ylan mui, thank you for bringing that european markets, meantime, set to close momentarily seema mody today's action. >> hello, morgan a mixed session for european averages, germany and france in green, auto stocks in the worst performing groups. china slashed growth to a 30 year low better than expected economic data from the eurozone manufacturing numbers surprising to the up side in february italy services sector returned to growth last month but trade tensions are front and center today the trump administration latest targeting india and turkey he notified congress of intent to end both countries' preferential trade status. turkey was the fifth largest with $1.7 billion. steven cook says it will likely impact turkey but impact will be limited. turkey is the 32nd largest trading partner. cook says if the actions are seen as punitive in turkey, may help will ruling justice and development party of he derdogat the end of the month, assailing the united states is political gold in turkey carl, back to you. >> thank you >>> let's get a news update, let's get to sue herera at hq. >> goo

seema mody joins us with today's action overseas. good morning >> major averages are closing mostly higher, well off best levels of the session. this comes amid more weak economic data out of the uk. in february, britain's construction industry posted the worst monthly performance in a year, amid brexit uncertainty. look at the equity performance, reports of a u.s. china dealing moving closer, boosting shares of miners. major european oil firms moving to the up side on the back of a bullish report from lukoil they saw profits jump nearly 50% in 2018, bolstered by higher oil prices and weaker ruble. so the currency a major factor in play. finally, switch to shares of ted baker, the british retailer ceo ray calvin resigning amid allegations of inappropriate conduct with employees he reportedly maintained a hug zone in the office near his desk allegations first surfaced in december shares higher by 5% on today's announcement, up 3.5%. jon, back to you >> all right thanks i think i see sue herera hibehid you. >> indeed you do right acros

. >>> welcome back to the halftime report i'm seema mody this is futures now.ude oil falling around 1% as domestic oversupply fears have grown. crude now moving into negative territory for the week and testing a support level of $55 is there a rebound in sight? >> i believe there is. this consolidation pattern has been fairly well defined it's been that way three weeks the down side around 55. we tested it a couple times but haven't been able to go through it i personally think that holds. i'm not going to participate to the up side until it takes out that 57.88 level which is the high from a couple days ago. that will signal a breakout in my opinion >> anthony, what levels are you keeping an eye on? >> well, that 55.20 area is around a 21-day moving average i'm looking at that number, but looking at the supply numbers today, you had a huge amount of import comes in. over a million barrels a day and down 500,000 barrels in exports. that's the supply side there let's not forget the white house plans to sanction iran for their oil supplies tusnor more check out f

. >>> we begin with the market comeback seema mody here with the numbers. >> notable reversal for thes for the dow and we are currently up 82

oil prices hovering the near the highest levels of the year seema mody following that with the "futures" team >> oil inching closer to breaking $60 for the first time since november let's bring in brian sutland what do you think takes crude higher from here >> i think when you look at some of the fundamentals, we had opec meet this last sunday, have discussions about needing to cut more in order to get this price above $60 and stay there and we've seen other analysts come out today and talk about just that. so i think we're going to see more effort in cutting supplies to see it keep going now we're seeing the stock market sort of trade off its highs, oil being so correlated to the stock market, if the stock market starts to sell off, i expect oil to do the same. but if we continue to move higher with stocks, then i think $60 is in the cards. >> and the market is losing some steam right now. jim iuorio, what are the charts telling you? >> well, $60 was my target for several weeks. it's right at an upward trend line right at resistance we kind of hit it. right now it's coming off a little

after the bell what, you, the investor need to know, all this when "power lunch" continues >>> i'm seema mody your cnbc news update at this hour house speaker nancy pelosi renewing her call for attorney general william barr to make the full mueller report public she does not trust barr's interpretation of the information in the report. >> we have to see the facts. we have to see what the report is, and we do not need an attorney general whose job interview was that the president is above the law, doesn't think a president can be indicted to be our interpreter of something he should just show us >> cuba and google finding a deal moving the island one step closer to a state-of-the-art connection to the modern internet they agreed to create a seamless connection between their two networks once cuba is able to physically connect to a new fiberoptic cable >>> in florida, the palm beach international boat show kiblgck off this morning featuring $1.2 billion worth of yachts and accessories that's the cnbc news update at this hour. kelly, back to you are you a yacht girl >> you caught tyler's attenti

. >>> we begin with the market comeback seema mody here with the numbers. >> notable reversal for the market we were down 242 points for the dow and we are currently up 82 for the dow jones industrial s&p 500 up 32. and the nasdaq higher by 127 in fact, speaking of the nasdaq, it is really the outperformance in technology that's helping this market rebound with s&p technology sector. the best performing sector helping the nasdaq 100 and the qqqs but boeing performing under pressure it was down 12% at the lows. it's come back only down 7%. still for boeing the worst day since january of 2016. and a number of its sum pliers like spirit aerosystems and hexcel under pressure. >> thank you i'm kelly evans. >>> president trump unveiling his budget today calling for big cuts to the departments of state, transportation and epa. overseas china with a sharp drop in investing last month. retail sales dropped in january. markets are shrugging it off for now. bob pisani with more on the global slowdown and how stocks react. bob? >> hi, kelly there's two teems today. after a five-day losing streak

be lyft the shares losing steam with two hours left in the debut day of trading for that company seema mody tracks the action from nasdaq. deirdre bosa in san francisco taking a look at the next battle front between lyft and uber and dominic chu at the new york stock exchange looking at what today means for the next round of ipos and the next catalyst for this incredible bull run seema, kick it off. >> tyler, an active day here at the nasdaq with lyft shares opening for trade at 11:45 a.m. eastern above $87, currently holding on to the $80 handle it is the biggest ipo of the year and sets the tone as a number of silicon valley unicorns prep their offerings. strong volumes, over 60 million shares exchanged hands and it is already with a market cap of $23 billion which makes it larger than hershey, discover, and motorola. >> seema, thanks deirdre bosa now in san francisco at the airport for more on lyft's road to becoming a $20 billion company and a look at what's next, deirdre? >> reporter: kelly, we are a long way from the company's first iteration of the time called zim rights back in 25 m

. >>> welcome back lulu soaring after its earnings report seema mody has more. >> strong growth in asia helped offset an operating loss in europe specifically china e-commerce continues to be particularly robust, generating an increase of over 140% in the fourth quarter. and ceo calvin mcdonald says demand is going to stay strong going forward. >> china is an area of focus and significant opportunity for us we are seeing strong success across this market and are pleased to see more and more people living the sweat life an ep ga engaging with our brand. we will accelerate new store openings >> lulu opened its first store in osaka and plans to unveil 25 to 30 stores internationally as the retailer tries to extend its brand awareness outside of the u.s. in terms of new categories, management says men's pants has been one of the fastest-growing products for the company the company recently did sign nfl quarterback anybody folesnin ambassador it did launch a new line back in fall of 2018 as well as a new partnership with soul cycle. scott, the stock is up after hours, back to you. >> pete, t

. >>> welcome back to the halftime report i'm seema mody and this is futures now.de oil bouncing off its session lows after president trump tweeted opec should be producing more oil and prices are getting too high let's bring in our traders jim, this is not the first time trump has tweeted about oil prices what do you make of today's move >> i make nothing of it at all when trump tweets about it i think it's just like he's having an open conversation. and the market more and more is learning to ignore it. yes, they had a move on it when it first started but then they reversed that move which messed up the technicals. i still believe that it's hugging this upward sloping trend line and i think a pullback to 57.50 is still in the cards. >> trading around $59. scott, what levels are you watching >> seema, since it came back from the trump tweet, i think all the important or interesting levels tor the up side the first one i'd be looking at is $60 that's halfway back from the october high to the december low. and above that, 60/80 is the 200-day moving average now that

we've got an earnings alert on micron the stock is up about 3% seema mody is back at headquarters >> micron jumping higher despite weak revenue guidance. the ceo acknowledged the short-term challenges the company is facing but remained optimistic about longer term growth, specifically in the auto sector with the adoption of autonomous vehiclesover the next decade and 5g reigniting smartphone sales in 2020 he did kroit tcite the challengg macroeconomic environment. >> we believe macroeconomic uncertainty is contributing to hesitation in buying behavior of some customers however, as we discussed on our last earnings call, we still expect it to begin increasing in q3 with demand growth strengthening in the second half of 2019 and likely to normalize by midyear. >> shares of micron have had a strong year, up over 30% in 2019, outperforming most of its peers in the semi conductor index. >> thanks, seema guy adami. >> if you told me last night this is what they're going to say, they're going to say revenue down 18% sequentially for nan pricing, margins are light, the guide for the third qu

let's get to seema mody for all the details. >> bill mcglatchen is being let go after being charged inthe alleged college cheating scandal. he has been terminated for cause for his positions with tpg after reviewing the allegations of personal misconduct in the criminal complaint, we believe the behavior to be inexcusable to the values of our entire organization as we stated in the previous announcement of mr. mcglashan's administrative leave, jim colter will take over managerial responsibilities for tpg growth. again, mcglashan terminated for cause by tfg. >> the ramifications of this continue remember, we had manuel henriquez who stepped down as head of hercules capital, a bdc company. i don't even know where to go with this. it's rippling throughout the business world do you think it's just a salacious headline and it really gets your goat i mean it gets mine, this whole thing. but it really is impacting our world here. >> yeah, look, there's a public outcry when we hear stuff like this and the reality is that a lot of these folks are very privileged and they come from positions of

. >> i'm going to join you today we had no seema mody to find out what she's having for lunch today. >> i know. >> so we have to soldier on. >> but what is on the menu >> well, as you know, president trump was very busy with twitter over the weekend 50 different tweets over the weekend. two caught our attention, criticism of gm for closing the lordstown plant, and they got an interesting response from gm and the uaw, which we'll get to. and then accusing google of aiding the chinese military at the expense of the united states, which google has come out and denied, but we'll get to both those stories and i do hope we have time for "check, please," today, because dna has struck again. >> oh, no. >> and they have solved -- >> oh, to help solve a case? >> another cold case. >> oh, that's great! >> with the help of a genealogy website, something very near and dear to my heart. >> i've got something on fortnight, so i'm also hoping we'll have time. >> that alone is worth sticking around for on "power lunch" coming up at the top of the hour. >> we'll see you then. >> thanks. >> now to dom

to seema mody with an alert on marriott >> tyler, marriott says it is evaluating activist investor jonathan's nomination to the board and the founder of hedge fund lands and building investments with less than 1% state in marriott and said data security privacy is a top priority and that it's evaluating the nomination to the corporate governance committee process. it does come after marriott unveiled one of the biggest data breaches in history ahead of its investor day which takes place in monday in new york city we're looking at shares where they're up as much as 4% at the highs of the day currently up 2%. back to you. >> thanks. it's not just stocks this week but commodities too. both pushing higher with incredible gains this year up 25% and goldman now seeing brent at $70 at the same time, the international energy agency warning is venezuela's power crisis could disrupt the global oil market a partner at again capital and cnbc contributor first of all, how much impact does venezuela have right now and how much oil are they producing? >> the numbers range between 700 and almost a million ba

it's time for rapid fire here with their takes are dom chu, seema mody and robert frank. and let's talk about lyft which is now boosting its target price range for tomorrow's ipo to $70 to $72 a share it would be valued at more than $120 billion at that price originally it was $62 to $68 a share and jim cramer was saying earlier this would go to 100 depending on what the retail interest and participation is. here's the quote in particular if retail comes in big, as i think it will, you'll see 100 bucks for lyft which lost almost a billion dollars last year. >> we often talk about, every time there's an ipo and every time there's a hypothetical surge, i'm not saying lyft is going to be that way, but every time there is, people always talk about, these ipo companies didn't price effectively their bankers should have told them to price at a higher range. they are right now what's interesting is it's just a notch below where tom white and davidson came out with his price target he made waves by saying it's worth 75 bucks a share only 6% away from there at the midpoint >> we s

seema mody has that. seema?ed much higher than $1.74 estimated. $1.67 billion xwebeating consen of $1.15 billion on the back of strong holiday sales. the company announcing a $500 million buyback. comp sales are in line with estimates up 16% you're seeing the stock up nearly 9% in extended trade. analysts were cautious about whether the company could beat expectations just given the big run-up we've seen in shares of lulu lemon, outpacing the s&p 500 and the broader retail sector conference call starts at 4:30 p.m. eastern we'll be on it, try to get more details around this loyalty program. growth in traditional sportswear after signing quarterback nick foles as its first men's ambassador, seeing the stock up now 8.5%. >> it's amazing. they set the bar so high, continuing to raise guidance it's been a winning stock. let's bring in oppe oppenheimr & company's brian total comps up 18% what is driving this kind of strength >> look, first off, those numbers are absolutely fantastic. and i follow a large number of re

seema mody stocks hovering near highs of the day, a rebound in tech stocks outweighed boeing sharp losses are one of the biggest leaders in early trade, lifted by comments from the saudi oil minister that said an end to opec led supply cuts was unlikely before june among individual names moving higher in the energy space, valero, marathon petroleum, all up around 2% and look at the most closely watched etfs now up more than 13% this year guys, back down to you carl >> thank you very much, seema. impressive rebound from opening bell >> yes you almost wonder how much it would have taken off about the boeing effect now, about 1% on the s&p 500, including banks, and of course apple, doesn't hurt to get that jupgrade stock up. >> that's a big move. >> yeah. kind of shows i think after i said 3% dip in one week in the s&p, people were maybe itching to buy it. >> boeing the only dow component in the red, down 7% versus 12 in premarket. "squawk alley" is next we talk to the head of nvidia as the company makes the largest acquisition ever the dow is up 60 cal: we saved our money and now, we get to

. ♪ >>> let's send it over to seema mody for a quick market flash. >> u.s.or the worst week of the year and notable underperformance of steel stocks in the week including u.s. steel on pace for a 11th consecutive day of losses, the longest losing streak on record down nearly 20% in the time. some analysts sayit's the tariff and trade uncertainty and the global economic data you're looking at shares down another 4% in today's trade. wilf and sara, back to you. >> thank you. >>> let's check in on some other individual market movers at this hour netflix got a downgrade today to neutral from buy citing increasing competition to member growth. disney plus was one of the competitors cited. netflix shares down 1% and rebounded strongly 50% or so from the low back at the end of last year it was a downgrade but price target stayed the same in the 380s. >> impressive the downgrade didn't have more of an affect. >> i don't think it's new to talk about competitor threats like a disney plus and out there. it was also interesting that the note mentioned netflix's cmo depa

seema mody tracking that story. >> tesla entering an agreement with lenders in china for $2.42 billion factory in shanghai. now china is seen as an untapped growth opportunity for tesla which ceo elon musk did reference in the company's latest earnings call back in january seeing shares up fractionally after hours back to you. >> all right thank you. >>> movie star, rapper, entrepreneur ice cube is on our radar today because he soon may be adding tv sports mogul to the resume. >>> disney with an annual shareholder meeting and the pay package of iger was a big debate that story coming up bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied. it is the people that is really the only asset that you have. put your employees on a path to financial wellness with prudential. bring your challenges. weveryone, looknk isn'tat your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. wh

market s are about that as well >> micron and seema mody. >> micron bottom line versus the estimate of for micron on its bottom line revenue at $5.84 billion that came in a bit higher than expected it compares with the 7.35 billion brought in for the same period last year the company did cite a challenging market environment the stock is up fractionally in extended trade analysts had been referencing the fact that selling prices had been weak but may bottom out in the second half of this year that will be a key question that analysts will look for an answer to in the conference call which begins 4:30 p.m. to see if investors can bet on that second half rebound looking at memory chips. micron shares up .6%, sara it's had a strong year, up 30% in 2019. >> seema, thank you. micron ceo will be joining us tomorrow morning, 9:00 a.m. eastern time strong backdrop and managed to -- >> yeah. little bit inclusive within semi conductors, micron has had a tougher time, off its highs. it doesn't seem as if the market is ready to say it's an all clear for this segment of semis. >> your takeaway spec

markets etf seen a rebound up nearly 10% this year and outperforming today but can the rally continue seema mody more from hq. >> hi, wilfred it's all about china that's the key driver, up 21% this year thanks to the pros suspect of a trade deal and beijing's commitment to stabilizing growth with accommodative policies this is ahead of the national congress that takes place over the course of the next two weeks where investors are expecting an update to china's growth forecast, foreign investment rules and potentially new stimulative measures and betting on further tax cuts to aids the manufacturing and infrastructure sectors but if they come up short experts say sentiment may cool down as valuations no longer look outright attractive. other factors to derail the rally, the prospect of india, thailand electing leaders not pro business and a stronger dollar but, guys, for now those concerns seem to have eased back a bit. back to you. >> seema, thank you very much for that. >>> still ahead on the show, tesla shares lower today as musk teases another new product announcement details on that. what i

we have a market flash that relates to apple's credit card announcement seema mody's got the details hat seema. >> hello, wilfred. green dot jumping on the apple card announcements an analyst is maintaining their buy rating saying this new apple card announced today could be a potential $100 million a year revenue opportunity for green dot over time. now, g dot, as it's known, powers a peer-to-peer function within the apple pay app and you can see the stock is moving just off its highs, but still up about 3.5% back to you >> seema, thanks very much for that we've also just seen an internal memo that solomon sent out to his employees. he was at cupertino in the event and was partnering with apple on that credit card he said, we're excited to partner with apple on the card, which is designed to be truly on the side of the customer this partnership is a major step in the growth of our franchise, furthering our vision to create the leading digital platform the one thing that jumped out to me, sara, when they were announcing that part of today's announcement and moved on to, if you don't p

. >>> heading back toward the lows dow down 434 over to seema mody at headquarters with stocks in thethat's right. dissecting the notable losers in the trade. look at tapestry, newell brands and biogen it is down 34% in biogen hal halting a late stage alzheimer's trial drug down another 4% today. bio tech is an underperformer for today and the week best performing sector in 2018, worst performing sector in 2019. back the you. >> thank you. >>> let's go to bertha coombs at the nasdaq with the big movers there. bertha >> that's right. it's a small cap drag today as people worry about potential slowdown and overall all of the major indices and nasdaq, nasdaq 100 as down. for the week the nasdaq 100 is holding on to a fractional gain for the week which would make it its 12th week out of 13 it's positive if it holds on to that and we are accelerating into the close. today, syntax, revenue light and outlook light stoking the fears of a slowing economy for demand there. back over to you wilf >> bertha, thank you very much two minutes left of trade. we are touching the lows of the session. ho