teva recently won prl approval to market in the united states. the shares rose to 16.49. shares of amgen fell more than 1% to 188.98. the. >>> the volatility in the equity markets is causing some totay on sidelines when it comes to making other large investmts. namely real estate. and there is no place that trend is more pronounce than in new york city right now with the market coming off the worst year in a decade. >>> robert frank reports. >> reporter: manhattan is going through two big corrections. the stock market r and thel estate market. the fourth quarter saw sales of manhattan real estate fall 14%. it was the fifth straight decline.f and made 2018 the worst year for manhattan apartments since the housing crash a decade ago. volatile markets are one cause. but buyers have been staying on the sidelines for over a year due mainl to oversupply of new kondos especially at the high end, a lack of foreign buyers and the new tax law estate in high tax states like new york less attractive. >> it was a w blanket that has essentially laid over the market. consumers when they

let's talk more about that gold trade with joanie tevas as we talk about what's happening with macro,s there a place trend-wise that you have seen this real flight to safety? has it opiniit been the yen, go, treasuries, or all of it >> i think gold's move over the last couple of months has been interesting. one of the biggest disappointments with gold last year was that it wasn't acting as a safe haven. but as we headed towards the end of 2018, this started to change. i think certainly the rally that we've seen the last couple of months does indicate that gold is starting to reassert its safe haven status against the backdrop of a pause in the dollar strength, the backdrop of weaker equities, and lower rates. >> as we talk about the gold trade, like you mentioned, last year it was not a beneficiary of some safe haven buying has gold become or is gold remaining one of the best precious metals to be in are there other opportunities outside of gold? >> from a macro perspective, i think gold is attractive, especially as investors start to consider the cycle continuing to mature and the pr