i'm simon hobbs in for melissa. good evening. our traders on the desk are tim, dan nathan, brian kelly and pete najarian. tonight on "fast," classic bear market behavior. find out what has the top technician on wall street drawing parallels now to 1932. >>> plus netflix soaring on a big subscriber beat. the call getting underway right now. we have live coverage through the hour with julia boorstin and from sun trust, bob peck, who is managing the infamous red phone. and later somebody is about to be wrong on apple. analysts or traders. we'll explain who and what it could mean for your money. but first, stocks surging. at one point the dow was higher by 184 points, only then to crash negative later in the day. the s&p trading below the august flash crash low. and then we reverse ending in positive territory. so the big question, is this a convincing bounce. dan nathan, is the bottom in? >> no. it is not in. but you will get bounce and counter trend rallies. the first bounce from 1950. i can't tell you from where. didn't hold the e

guys, back to you. >> simon hobbs, thank you very much for that.ccording to walt mossberg, apple and google should win the coming battle over the car dashboard. walt will join us to explain why in just a moment. dow down 43. >> good morning. i'm sue herrera. here's your cnbc news update this hour. lots of news coming out of the jp morgan health care conference in san francisco, but none more remarkable than this. that's athena's health ceo john than bush helping to give cpr and revive aing stricken man on the street. bush saying he just did what everybody should be prepared to do. hillary clinton releasing her latest tv ad highlighting her commitment for reducing gun violence in the u.s. it centers on her supporting president obama in fighting the gun lobby. an oklahoma county sheriff was taken on a dramatic chase. the chase reached speeds of over 100 miles an hour. then at one point the truck started on the wrong way on the interstate. officers pushed him to the side of the road before apprehending him. >> always good to see you, walt. on the dash

a litany of data for you to dgt, simon hobbs. >> we start in north korea.ry claiming that it successfully tested a hydrogen bomb. eunice yoon is live in hong kong. >> reporter: thank you very much. north koreaen state media been describing this event as a special achievement of the country's 5,000 years of history. the country state media has said this test was an act of self-defense against the united states. so far the test has met with international condemnation from countries like japan, even china has says it resolutely opposes the test, that it wasn't aware of the test before it happened. and it says that it plans to call in senior north koreaen officials to lodge a formal protest. so far there's no independent confirmation of north korea's claims. however the pentagon said it is investigating the matter. u.s. officials have said this could take weeks before we reach any conclusion. south korean intelligence officials have also weighed in saying they're not convinced that north korea has a technology to carry out this type of test with what pong young

i'm simon hobbs. catch "fast money" again at 5:00 eastern. "mad money" with jim cramer, thankfully, begins now. >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to mad money, welcome to cramerica. my job is not just to entertain but to teach, coach and put it in context. call me at 1-800-747-cnbc or tweet me @jimcramer. how do you dip your toe in? how do you go against the selling grain and get involved without fear taking over when you have a roller coaster market with the dow opening up 182 points and dipped down 98 points before rebounding to finish up 28. advancing and nasdaq declining. it's important to take note that stocks finally traded down to the august 24 lows that i've been telling you we would test although not enough to make people feel better after last week especially when we opened up so high and so many people chase that opening and as always they got h

let's get to simon hobbs and count down the close in europe.ghs, but still up about 1%. >> yes. throughout the day the gains in europe, bounced back from the losses of the first few weeks. greater for europe than they were here. we've eroded that upcoming close as you can see. just keeping an eye on sterling on the u.k. pound which may be a significant move moving forward. already over the last three months tracking substantially lower. there was a time when we thought the bank of england would follow the fed in raising rates. that is looking less and less likely, which is why sterling is under pressure as you can see. today the bank of england governor pushed the idea the wait and see idea even further in a speech that he gave. for much of last we're he was saying when the year turns, we'll get sharper relief on whether interest rates should rise. now he says now is not yet the time to raise those rates. many people don't think the bank of england will move possibly for this year at all. meantime, there's still a major problem on the banks in

let's bring in simon hobbs here. countdown to the close in the uk and europe.t less than 60 seconds. >> a decent bounce after last week's fall but that's been erased as we worked our way through to the end of the session. volkswagen, we're looking closely at what happens in detroit, partly because at the motor show they're expected to announce they're extending the good will and also reports they may have come up with a new catalytic convertor that may appease regulators in this country. volkswagen is up 2%. worth pointing out against the backdrop of the big deals, shire and baxalta, $32 billion. the premium it's paying. a lot other bio techs within europe are also down. partly because of some downgrades we've had come through today. partly because we've had, for example, a big genetic drug tester came through with disappointing results last night, so that sector is moving to the downside. also on the downside, you've had a conviction cell by goldman because of the amount of debt they have. they believe the dividend may be in some question. you're adding to tha

simon hobbs is back at post nine as europe's trading day mercifully comes to an end. >> don't forget european stocks gains 6.8% last year. a lot of people would say the overweight going into 2016. but the screen says it all. germany's off its lows but it was down 4.5%. clearly china is weighing, the middle east is weighing. the manufacturing data ticking slightly hire. showing you've got a expansion in manufacturing at a rate you haven't had in months. it's interesting, stocks, mining stocks, that are low those german heavyweights really right from the off were clunking down. germany of course shut up earlier, had one less day at the end of trade last year so there's an element of catch up. the german inflation data that came through today was actually negative. you can have a whole conversation about the ecb and whether that will fall out of the series when the energy effect kind of dries up, if you like. but nonetheless, it was a fairly depressing picture overall. the biggest loser today in europe is fiat chrysler. you'll be aware that yesterday officially as the books tell the sto

carl is off today, but with me for the hour, john fort, simon hobbs. guys, what a market we are dealing with today. let's get more on the markets. dom is live on the floor. >> kayla, as we talk about this down day, yes, we are approaching now back towards the lows we've seen in trading early on at least. if we take a look at a bit of a deeper dive into what's driving the action here, perhaps no surprise that the sector that's performing the worst in today's trading is the energy sector. again, as oil prices continue to slide down by about 4%. technology and financials, financials very much a focus because of earnings from the likes of big banks. also, black rock. the as the managers. technology, a big one here. technology financial. always good to point out that they're the two biggest sectors in the s&p 500. industrials down by 2% as well. as you take a look at the ten-year yield, certainly a lot of talk about that today as at one point below that 2% mark, we are now slightly above a 202. 2.02% the last trade for the ten-year yield, and that, of cours

. >> all right, simon hobbs. thanks. >>> the nasdaq is currently in positive territory.only by a fraction of 1%. that's despite the fact that recent tech ipo's have been struggling to trade above their initial price. fitbit, gopro, etsy, twitter, all trading below their ipo prices, and in some cases losing the majority of their value. here with more on the struggle is mike santoli, senior markets commentator. these companies cut across so many sectors. enterprise, retail, tech, social media. what's the common thread for why they're trading like this? >> this hasn't been a market that has wanted to reward the underdog and the upstart. if you look at the kinds of stocks that perform through last year, fang and the other kind of big dominant platform stocks, they're the ones that are the incumbents that are going to swallow up the upstarts. if you look at all those companies that you mentioned, whether it's fitbit, etsy, gopro, twitter, almost from day one, the story on wall street became who is going to eat them? who is going to edge them out? can they basically stay as a

. >> jerome, simon hobbs again in new york. nice to meet you. thank you for coming on the show. at the stock chart, you lowered the guidance in may of last year. you have been bumping along, and the shorts have moved in, similar in some senses to gamestop, a rising short interest. what do you say to them? what is your defense against, i guess, the argument as to what tumi does that means it will always survive and it will always prosper in a more competitive environment really every year as we move forward? >> our growth prospects in front of us still look good, even with big macro economic changes coming against us. we have a lot of opportunities in the digital space, a lot of opportunities even in the home market to open up stores, while many people are cutting back on store count. the thing that will get us past the current economic changes is our product and our product development. women make up about 60% of spending out there. they make up about 50% of our consumers today. women's accessories has been the fastest growing product categories over the past few years and we se

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs and david fabert the new york stock exchange. this premarket rally on the jobs number, better than expected. trying to hold here. dow up 100 points. watching oil closely, which has gone into the red. let's get to rick santelli in chicago. some breaking news on wholesale trade. rick? >> yes. on the wholesale inventory side -- these are november -- down 0.3. this is interesting. last month revised from down 0.1 to down 0.3. down 0.3 was the low of the year from july. now we have to go back to may of 2013 to find a smaller number at minus 0.6. that number pushed us back on the comps. let's look at november wholesale trade sales, down 1%. we expected a number unchanged. last month down 0.2%. down 1%. how does that comp? you have go back to the first month of the year at minus 3.6. how this figures in, you want to see how the fourth quarter trade numbers and gdp ultimately become affected. suffice to say, interest rates are highly unchanged on the day. lower on the week despite what was perceived to be a

good monday morning, welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbsdavid faber at post nine of the new york stock exchange. big selloff in place with data on the way. for that we go to rick santelli. >> we're looking at a november read on construction. it's down 0.4. this is the lowest read since june of 2014. it's the first minus sign since november of 2014. not a good data point there. let's look at the december ism read. 48.2. it's about 0.8% less than expected. get this. the last month of 48.6 was the lowest read since june of '09. so, 48.2, we'll have to really go back a little bit. it's still the lowest read since june of '09. that read was 45.08. on the ism, the new orders component was 49.2. that's actually up from 48.9. maybe this week in particular, carl, the ism employment index should be important. 48.1. it dropped from 51.3. so the first two data points of 2016 certainly are not welcoming in any significant strength, which goes hat in hand with the type of trade we're seeing globally, especially in the equity markets. back to you. >> you

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, david faber, and simon hobbs focus, down 2% below 32.50. >> here's our road map this monday morning. with the markets after the worst start to the year, stocks are marginally higher. china's market slipping again. more analysis on that throughout the show. >> apple music hitting 10 million subscribers, taking 6 months to hit that key milestone. >> and the detroit auto show kicking off. elon musk making news with new tesla features. >> amazon the big winner from the golden globes last night, as streamers take center stage, but netflix striking out. >> coming up later, the co of eli lilly, john lechleiter for an exclusive interview. >>> in the meantime, another weak session for the chinese stock market to start the week. shares in shanghai down about 50%. eunice yoon is in beijing with more. >> reporter: rumors in the mark today that the government wasn't intervening and that was the reason for the fall. we saw inflation data that wasn't encouraging and that didn't ease the anxiety about the economy here. the main

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs and david fabert the new york stock exchange. stocks trying to get stability after that inaugural drubbing to kick off 2016 yesterday. dow down 11 points. >> here's our road map for the next 60 minutes. stocks strugging to recover from yesterday's selloff, but worries about global markets persist. what you should be doing now with your money. >> and u.s. auto sales are expected to hit an all-time high in 2015. will it happen? we'll break down the numbers. >> and is it the time to buy bank stocks? >> coming up later, former dallas fed president richard fisher will join us live, he'll tell us why yesterday's selloff was not as simple as concerns about china or the middle east. >> a roller coaster session in asian markets. stocks ending the day mixed after huge losses and panic selling in china. cnbc's eunice yune yoon has more. >> the central bank injected 20 billion dollars in the banking system, and there was stalk that state funds were in on the action buying up shares. the chinese media had big hea

simon hobbs is off today. the moment, whether it's facebook results, oil higher on rumors about an opec meeting, even caterpillar guidance has the dow up 109 points. you can see 4.40% gain on crude. >> let's get to diana olick. >>> pending home sales up just 0.1% in december, but that's from a downwardly revised november reading. it basically comes out to flat in the wash. that is a miss. the street was expecting a bigger gain than that. sales up 4.2% year over year. pending home sales are the measure of signed contracts in december not closings. it's a forward-looking indicator of closing. why the flat pending home sales? realtors say it is no homes for sale. the ability to find homes in affordable price ranges is difficult for buyers in many job-creating areas. home building is grossly inadequate. again, sounds like a broken record, but lack of supply hurting home sales. we heard it from pulte group ceo this morning in their quarterly earnings release which was better than expected. he said builders are bene

. >>> good tuesday morning, i'm carl quintanilla with sara eisen, i'm i'm a simon hobbs an faber.ing news on home builder sentiment. diana olick has that. >> the street was looking for 62, the sentiment came in at 60. we're down from a reading high of 65 in october. we should be seeing sentiment improve given that mortgage rates are low and we're coming into the spring market, though you couldn't tell today. home builders are using words like gradual and modest to describe the recovery. of the three components of this monthly index, current sales conditions were up two points to 67. that was the only increase. sales expectations over the next six months, down three points, to 63. current buyer traffic down two points to 44. that up with still mired in negative territory. 50 is the line on this index between positive and negative territory. all regions were down. northeast, midwest, west down. southbound two points, the west is still showing the highest in home builder confidence at 75. >> bit disappointing there. china's gdp slowing to a 25-year low, that's raising hopes for more

simon hobbs is off today.re down largely on guidance out of boeing and apple on a week when guidance from the big large caps has been okay that seems to be changing today. oil is one to watch as we wiwil get inventories in a half hour. apple earnings miss pushing the stocks down sharply. hear what tim cook had to say about the quarter. plus we are counting down until today's fed decision. richard fischer will be joining us to weigh in. >>> and boeing the biggest loser on the dow after a disappointing 2016 outlook. it's 10:00 a.m., so we have breaking nick news. let's get over to chicago and rick santelli. breaking new home sales, rick? >> yes, sarah. 544,000, that's seasonably adjusted. annualized in terms of new home sales. we missed making a new high for the year by that much. 545,000 was our february read. this is february 15th, and that was the highest level since february of '08. so base clip third best going back to february of '08. last months was dinged 1,000 on a revision, that actually was ding dinge

simon hobbs, back to you. >> it moved us down 350. thank you very much.le falling once again below $100 a share. we'll get to the nasdaq to see what else is moving next. >>> we're rapidly cutting our early losses down here. the big board down. over 300 in the red. the nasdaq in negative territory. >> i'm thinking i should have worn a different color for contrast. chinese stock coming up pressure. investors finding no trouble selling here. jd.com off the lows this morning is down about 10% already this week. that's the worst week it's seen since last august. the big problem and the big grab for the nasdaq is apple hitting five-month lows. lows we haven't seen. take a look at the lows it's hitting them on strong volume all week. this morning the stock dropped below $99. already trading half a days share. the fundamentals on apple, the concern is there may be slowing iphone sales. that's weighing on the sector that's down. microsoft were end of the year winners. they are getting sold. also weighed heavily on the nasdaq. netflix is the big exception. take a l

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs, david faberstock exchange. another selloff to the tune of 310 points, oil remains problematic and the s&p is a stone's throw away from the ebola panic lows of 2014. >> markets deep in the red. global equities on track for the worst month since 2009. how do you position now for the opportunity? >> and netflix seeing a huge beat for q4, but the stock now in the red. >> and goldman sachs reporting quarterly results. the company hit hard by legal cost. details on those numbers. >> coming up later on, an exclusive interview with jamie dimon, live from the world economic forum in davos, that's about a half hour away. >> let's get to the markets, dow down 324 points and oil is falling again. ray daleo was on cnbc earlier this morning from davos. >> i think that the risks are a symmetric on the down side. that's why i said before the next major move in fed policy will be towards quantitative easing, not towards tightening. the problem last year is that almost all assets in the world went down in value. t

i'm simon hobbs in for melissa. good evening.raders on the desk are tim, dan nathan, brian kelly and pete najarian. tonight on "fast," classic bear market behavior. find out what has the top technician on wall street drawing parallels now to 1932. >>> plus netflix soaring on a big subscriber beat. the call getting underway right now. we have live coverage through the hour with julia boorstin and from sun trust, bob peck, who is managing the infamous