the nasdaq is the underperformer. this is what we have seen year to date, with the nasdaq down 26% in 2016. many big cap technology scherzer weeks. media stocks are falling. energy shares are falling -- health -- there is plenty of pain to spread around. the s&p 500 has continued to make lower lows as the day has gone on. with one hour left, if there is more deterioration, we could have an ugly close. is fanningtainly oil the flames. oil was not doing as poorly. we have seen it take a leg lower. interestingly enough, earlier today, we got the latest baker hughes oil-rig count. we will get to that in a minute. oil futures down 3%, fanning the flames because energy shares have taken a leg lower. let's look at the big cap energy stocks -- actually, no, let's look at the bloomberg terminal. here is the rig count i was referring to. even though we saw a decrease by 31 last week -- more rigs idle, in theory meaning less supply -- that did not help oil prices at all. phillipss -- conoco down sharply after announcing the divi

i wanted to look at oil versus the nasdaq. here is this chart, the correlation between the nasdaq and oil prices. this year, we saw a climb and that it has come back down a little bit. a correlation around 0.6, moving in tandem 60% of the time. it is a little bit lower than it is for the s&p. with stocks falling, oil, the nasdaq into the green first. vonnie: mark crumpton is at the news desk. mark: the washington post is beingrian sandoval vetted for the supreme court vacancy. governor sandoval is the former federal judge in nevada and served as the state's attorney general. josh earnest was asked about the possible nomination. >> i suspect it is only the first of many. stories that speculate on potential supreme court nominees. don't think it will be helpful for me to get into a rhythm of responding to each one as it appears. the nevada republican party says last night's caucuses made history. more than 75,000 voters attended the event, setting a new record. democrats had seen stronger turnout numbers. the u.s. senate has conf

the nasdaq has been the laggard of the day down 30%. here is the nasdaq 100, down more than 3%. it has been accelerating and deepening its declines throughout the day. in terms of worst performers in that index, tesla is leading declines. cut its price target to the lowest on the street, $160. it is right around that level now. the analysts pointing out there are rising costs for the company for things like labor as well as r&d. also lower gasoline prices make it less attractive for customers to buy an electric vehicle. netflix also tumbling today. it is reflective of the performers from last year, underperforming this year. adobes systems down as well. we had negative results from a smaller software company putting pressure on those across the industry. tesla has been underperforming. there was an interesting chart posted today. this is tesla versus volkswagen adr's, that is shares traded in the u.s. going back to september 18 when we first heard about the emissions scandal at the company, tesla shares have done even worse than vw since that time. they are down more than 30%. ar

the dow ending lower by 254 points, the nasdaq in the red. the s&p making both the new closing low and a new interday low. finishing at levels not seen since april of 2014. so, new lows, now what? guy? >> as it turns out, the headline comes out just as it's making new lows, gets the market up 25 handles before we close at 1829. now what is this? i wouldn't save tomorrow's move. it's either going to be sub-1800 or north of 1850. i wouldn't fade either one of them, because people will chase into what will be a long weekend. i still think the bond market is trying to tell you something. i think the headlines in oil were gazy, for lack of a better word. tomorrow is not a day to fade. >> not real. >> thank you. >> here's the deal. listen, i said earlier in the week, i really do think we're in a market that it's one step forward, two steps back. it felt kind of bad, the lows today. it was fairly orderly. you get the short covering rally when there's news out of opec. i'm of the camp that if we get a supply cut, and that's good for oil, i don't thin

the nasdaq,m abigail doolittle has the latest live from the nasdaq. she is from midtown, manhattan. ory is the nasdaq is less than 2% away from entering an official bear market. apparentlyock trade is going sour. investors are starting to worry about valuation. the big point drop all year long. microsoft, amazon, facebook. you could make the case that started in biotech. high valuation, this last year was trading at a tripled digit price to earnings multiple. very high and expensive. investors running -- wondering, how long is this sustainable gekko twice this year it has been in a bear market. it appears that could be what is ahead for the nasdaq. brendan: platinum prices plummet, the world's largest producer of the metal said production will fall sharply as low prices are crippling the ability to replace crippling minds. amtrak is cutting costs where it can. thee does this leave producers gekko ryan chilcote standing by. n: anglo-american platinum having a great day. the ceo of the company, the joinss largest producer, us now. a little bit further south of us. today you announced y

abigail doolittle has more from the nasdaq. ws asot of the index continues to flirt with the possibility of a bear market. we reached out to a managing director who is in the flow of things to see what he thinks about the possibility. he says we are in a bear market. people are going to have to come to terms with the fact the long bull run is over. distinct to 2016, we have seen the disappearance of the tip buyer, the pension funds who would step in and by the dip . in the absence of that, it is likely we will see a lot of volatility to the downside for some time to come. specific to the nasdaq, he said high multiple stocks -- we take a look at the momentum stocks. netflix, amazon, big multiples, all of those are some of the worst performers. where is an investor to hide in this environment? one relative winner could be apple. thank you so much. that is exactly what we want to talk about with our guest. staying with the nasdaq, almost in a bear territory as abigail talked about. it is down nearly 18% from the summer high in july

the nasdaq leading declines here, almost 3%. one of the top nasdaq losers, biotech. down about 25%, so we asked the question, is this the time to get into biotech. jerry castellini, he's bearish. you haven't been exactly a screaming bull on the sector going to 2016, expressed concerns about head winds, about the political environment. i think the last time we talked to you probably a few week ago on "power lunch." has anything changed? the declines are sharper. huge moves in a lot of the big large cap biotech stocks. are we experiencing a rerating that makes you more bearish than the last time we talked to you? >> i'm certainly reined in a lot. it would be difficult for anyone to be a screaming bull given the overall equity environment. and earnings season was a little bit tepid for the biotech names. i don't think while anyone is trying to call a specific bottom here, i think that when you look forward and look at some of the fundamentals in valuations on pes and discounted cash flows, we're getting more of a value scenario for some of the large cap biotechs. not tr

the nasdaq is down about 2%. trong that it reversed the multi-day winner facebook into the negative. this is true of alpha that, cutting into his gains. alphabet had been up to 5% earlier. all of this intraday volatility is shown very well by the facebook one-day chart. when you start to see strong phenomenal stopped by a very risk-off sentiment, sometimes it suggests selling may just continue. the ghost sentiment is not helped by the biotech bear market. index is downtech about 35% from its record peak on truly extreme intraday volatility. 14 out of the last 22 trading sessions in this new year have produced moves up or down by 3% or more. big intraday swings there. is itg question remains et al. of what is to come for the nasdaq overall? tell of what is to come for the nasdaq overall? one of the losers is tesla. shares are off after pacific crest said there could be a demand problem for tesla. estimates were lowered right through 2012 so he feels strongly about this, especially ahead of the earnings report next

we see the nasdaq leaving is on the way down. if you like the market, do you go back into what was working, or are there new areas of the market people should be putting their money into? we wrote about this at the end of last year. if you look at the really strong net momentum versus value, it was a 20-year extreme. i think this year, if you look at what would make classic value, you would have done a lot better in these beaten-down groups that actually outperformed this year. believe it or not, it's industrials that are outperforming. from low gains, right? tom: underperforming for several years. that's important to keep in mind. number one, manufacturers see something new. i think investors, as we get through this maelstrom, have to think about where are you going to get good relative value. the things that i point to as stocks yielding more dividend yield and many companies funding on their own bondage sites. sites.heir own bond forbiggest headwind earnings in 2015 was the dollar. i might want to say it is the oil. the reason

abigail doolittle at the nasdaq. discussed earlier, the fed released minutes from the january meeting. while there were no huge red flags, policymakers expressed concern over falling commodity prices and bode miller's said they could not assess -- voting members said they cannot assess the economy. we will bring in the pine bridge economist -- chief economist markus schomer and joe weisenthal. a couple of participants questioned whether some fully dissipated that monetary policy is data dependent, and a number of persistent emphasize the importance of continuing to can indicate this aspect of monetary policy. this is amazing that you have people in the fomc sitting around saying i wonder if anyone in the markets thinks we are not data dependent and they need to be told that -- is that just too hard to believe? mr. schomer: the confusion is they say they are data dependent and they ask themselves the question, but at the end of the day they give us a path. they do not tell us they might be doing something or will not d

the nasdaq is the laggard here among the averages. part of ato do in cutting thehey are pc estimates for all of 2016. they said there would be a contraction year. they were revising that. some of the impact is happening here. hp down the most by 2.2%. new products, in convertible products, notebooks really getting buyers to open up their pocketbooks. let's take a look over comcast. going the other way. this is the u.s. largest cable provider. they added more video subscribers in the fourth quarter than in the last eight years. since octobermost 22. a quick checket of the headlines in the bloomberg first review this afternoon. mark: the field of presidential candidates is getting smaller. rick santorum says his schedule is on hold. cnn reports he will drop out tonight. kentucky senator rand paul is suspending his campaign. this up for reelection year. ohio governor john kasich says he is ready to drop out if he d inhis words, gets smoke the hampshire primary. >> it is a band of minstrels that can't beg people to come to our shows. we w

thank you, abigail doolittle at the nasdaq. let's focus on banking shares. so far this year the banking sector has fallen twice as much as the overall s&p. earlier today we spoke with michael scholl about the state of banking. michael: i have no concerns around the general banking crisis. betty: exactly. michael: if your money is in bank of america stock, perhaps

the nasdaq is the only index for far in the red -- so far in the red for the week.n the day it is the performer, gaining 12 points. time for the bloomberg business flash for some of the biggest business stories in the news right now. next weekend be he will replace advertising on some of its programs with content. for by american express. on shows have spots like the voice, blends both, and late night with some buyers -- with seth meyers. more difficult quarters ahead. the auctioneer today reported a fourth-quarter loss of lauren and $11 million -- more than $11 million. y are undergoing a management shakeup. and a credit suisse, the bank has begun to sell distressed debt holdings that triggered losses last year. this is part of the overhaul by the new ceo. that is according to people with knowledge of the matter. the bank has been marketing small wha blocks. that is your business flash update. it is a must read for your weekend. warren buffett will be releasing his annual letter to berkshire hathaway shareholders, it is not likely to bring much cheer. berkshire hat

the s&p and the nasdaq holding better today. if you look at the course of the day, there was a little bit of bouncing around, but it has been positive throughout the day. even if there was some level of volatility. nasdaq leading today, we have been watching to see if it will enter a bear market. the nasdaq not really getting to that level today as we see this bounce. avoiding entering a bear market. group,t performing bouncing back. a financials bouncing back. you are looking at hardware and equipment. financials also doing well after weakness recently. betty: what about the testimony on interest rate expectation? days, over the last few we have seen a decrease in expectations built into interest rate futures on wirp on bloomberg here. the trajectory is expectations for the november meeting as priced into the interest rate shooters. we saw a big drop in those expectations. and a little bit of an uptick today. that stands, for november, 22%. you're not seeing 50% anywhere on the screen. there is a broad execution we will not see

similar moves for the downside for the nasdaq and s&p as well. e big driver today, european trade, again, we're seeing most of the europeans down 2%. this morning, the same story really for last week as well where europe was the main story. look at those declines. germany down 7% over the last week including today's declines. ftse down 5. france down 7. italy, where many question marks remain about banks, down 9%. europe in fact opened flat. quickly declined, that's when u.s. futures went lower as well. >> to all of this economic doom and gloom. it's time for today's must read stories. the ones that caught our attention. "the wall street journal," not an op-ed, actually a news story about how hedge funds are betting on risks in blue chips. that's a read. the debt nor significance, if the funds are right it would send a worrisome signal about the health of the economy. wider bond spreads make it more difficult for companies to issue debt, directly crimping the supply of credit and economic growth." new york's perry capital, with the safest corporat

the nasdaq is still lower on the 500 is any on s&p to gains. a lot of the gains have to do with united technology. we saw surges, on news that discussion toin buy. that is not yet confirmed. that stock is holding onto a gain of 6%. other big gains, a pretty diverse group -- boeing, chevron, united health gaining with the new medicare advantage rates on friday. also want to look at the best .ut performers on the year verizon gaining on the year, walmart, kind of surprising on this list. it had been gaining on his perception as a more defensive stock. oil is down for the year to date. it has that big rebound, vonnie. much,: thank you so julie. we will check in with you before the close. mark crumpton is manning the news desk. mark? mark: thanks so much. 45-year-old jason dalton has been arraigned on charges in connection with the shooting kalamazoo, michigan. he invoked his right to remain silent and ask to be represented by a court-appointed attorney. saturday's shootings took place while dalton was on his shift as a driver for uber. british pri

we are seeing the nasdaq extended gains. out what has been a very strong albeit low-volume week. if you look at the weekly performance, we have seen the best week thus far this year. especially when you take into account a holiday shortened week and that makes it interesting here. down 2.6%. this doesn't seem to be the laggard this year. so it's been driving here? iran ran the numbers for the groups on the week. all of them are. last friday.ed the balance from the bottom for stocks. as yieldsiscretionary have gone higher. in terms of the index points, they are being contributed by individual movers. it is big cap tech. also, exxon mobil up during that time. a lot of it has to do with big cap technology coming back and financials being the other piece of it. i also want to point out what oil has done. there have been all of these questions being asked. has oil put in a bottom. if you look at 14%, that is a pretty substantial thing. >> thank you so much. as we head to the close, the strongest weekly advance this year. here to t

the nasdaq is the underperformer of the day. some of those stocks are notably selling off. if you look at the s&p over the course of the day, it has in a it has been for all major averages. -- 1/10dow, right down of 1%. there has been little bit of ounce the around. we have got the sectors on the move to the interest rate groups are doing better today. telecom, the groups that tend to rise when interest rates are going down. energy shares are the worst financials selloff. if the last three days were a flip-flop of the script we had seen this year thus far, we are now flipping back to what we're -- where we have been for most of the year. and the impression on energy stocks, it is still positive. big -- downward. inventories actually trading at the highest for the inventory numbers. we have seen oil has, the highs sharply. gold prices talking about this year now on the rise. up by 2%. and finally, looking at rates doing well today, we see rates .all 1.7% after a three-day lift, it is a reversion from what we have seen for most of 2016. thank you. let's get a look at the head

the nasdaq has -- is the one we are watching in particular.r from entering a bear market. doesn't look like we are going to get there today, but nonetheless it could reach that level in the coming days. i want to focus on the dow for a minute as we have this now 325 point drop. the two day drop of amounts to more than 500 points. two sessions, as we are looking at friday and today. looking at the bloomberg you can see the movers and what's contributing the most of the losses. for stocks alone contributing to the decline in the dow. goldman sachs, home depot, boeing. there is something specific about these stocks that reflect growing concern over economic growth not just in the u.s., but globally of course and -- of course and the interrelated nature of it all. talking about headlines not making sense, we learned oil ministerzuelan met with his saudi arabian counterparts and you would think it would have helped oil prices, but that wasn't the case. julie: nothing came out of those talks. alix: a couple of weeks ago we would have seen a huge ral

the nasdaq gaining over two. t five minutes left in the session and we will see if they can indeed hang onto those gains. we have seen a lot of bouncing around, even in a tight range today. the s&p, you see that volatility even if it is in a tight range. multiple times throughout the day, above and below the line. the nasdaq remains the laggard. there you have the s&p chart. if you look at the major averages, you have got a pullback of 10% in the nasdaq, whereas the losses in the dow are now only about half that. we have seen weakness in big cap technology. some of the best-performing stocks, a mixture of reasons why. some of them came out with earnings and many more of them are commodities related. metals, oilg with prices have been bouncing around as well today. stocks have been resilient. on the losing side today, it has something to do with earnings. ice, all of them out with numbers that disappointed in one way or another. i mentioned oil prices, which have also shown a lot of volatility today, although now,

. ♪ david: stocks are selling off and gateway and the nasdaq is leading, down three point 1%. by doolittle's live in the marketplace. that's a big selloff, the nasdaq is less than 1% away from entering of their market, feels like a waiting game at this point. following garishly in the biotech sector, they've entered thethird bear market from july 2015 record peak earlier this year. be aown near 40%, it could signal of what's to come for the nasdaq. .eading it down today, facebook down the hardest on the news that the company will not be able to offer its site in india under a free basic plan that they had been pushing for. this is somewhat of a stunning reversal last week. they had been up year to date, now down as a sitting duck for investors to sell short. now the stock appears to be heading for its moving average for the fourth time in 12 months and it will be interesting to see whether or not that support can hold. almost as much of the story as the potential bear market shares at the nasdaq, apple, getting pummeled and down sharply 20% since the november highs, up more tha

. >> lauren: look at the nasdaq. on top of this the three and a quarter percent decline these are how commodities are trading. you do see oil selling off. gold up $15 to 1 thousands $73 a troy ounce. >> nicole: so you have the japanese yen and the euro stronger against the greenback this morning. >> lauren: and the yield on the ten-year treasury is standing at 1.82%. >> nicole: chipotle fans, look at, this chipotle is closing all of its restaurants in the united states today for four hours. four-hour safety meeting with employees. the move coming after cross-appeal and disease control that the chains of e. coli outbreak is over. one nutritionist finding a word of caug. >> chipotle closing stores and educating employees for a day was it might take longer for a day. might be a push so that you get people's confidence back and get them to eat in the restaurants. >> nicole: company's profit plunged 44% in the last quarter from a year ago. >> lauren: big names in the media world. viacom will post its numbers, earnings a me

that was a huge loser on the nasdaq, the second worst, linn energy. this is trading at $.50. it is under one dollar per share. that is a 59% drop for the day. linn energy has borrowed 100% of its credit line recently in the last two weeks and may have said they are exploring strategic alternatives. you might read that as potential bankruptcies. that low energy price trickling in two companies. this is one of the potential casualties. alix: it is something we will keep an -- scarlet: it is up and we will keep an eye on. let's take a deep type into the bloomberg. at the'm looking services job here. growth the services job we saw in the unemployment report. it wasn't terrible. that was a big decline from what we saw the month before. overall you were looking at the slowest pace of growth since march of 2015. i wouldn't bring up this chart. it is what barclays pointed to when i push back their rate forecast after that good jobs report. the services sector was holding everything up. why would we add less jobs? scarlet: this is something that will keep people puzzling. i'm looking

the nasdaq off now by 1.8%, at one point also down by 3%, but we did see some kind of recovery, but nonetheless, it was a very moving day for stocks, goldman sachs one of the biggest hit, its lowest level since 2014 come the financial stocks within the s&p. can absolutely, and someone look at that selloff and say that was a really ugly day, but compared to where we were around 2:00he day, p.m. in the afternoon, it was much worse than the dow selloff, and even the nasdaq, nowhere near as bad as it was. still though, no basically sea of red. new 52-weekake lows, and only one nasdaq 100 stock is up 10% this year. it speaks to how widespread the selloff has been over the past seven to eight weeks. joe: absolutely, and when will be go into a bear market? for a lot of markets, this the like a bear market even if the headlights have not really reached people's technical definition of it. the nasdaq down about 14.5% this year, the s&p down overnight percent this year, and overall, we are very close to correction territory for the s&p. joe: right. and so up is quite dramatic even if we are technically n

the dow and the s&p and the nasdaq are all down more than 2%. listen, financials are extremely ugly at the moment, but you can also throw tech and energy stocks in there as well. all of them are leading these major indexes lower. this after europe sold off in a big way early this morning when many of you were asleep. the s&p 500 at this moment is looking very weak, down 467 points -- 46 points, that's a 2.5% loss, on track for the lowest close in nearly two years. the nasdaq is getting smashed any way you look at it, trading at its lowest levels since october of not 2015, but 2014. today's selloff follows a hammering last week that culminated in paper losses of some $800 billion for a lot of you out there combined. now, you cannot only blame oil on this, but we should tell you once again it is one of the catalysts for a lot of the negativity here, dipping below $30 a barrel in the aftermarket session. we're till there, six cents below $30 a barrel at the moment, but wait until you see the screaming signals we're about to show you from bank stocks

the nasdaq 100 of the largest caps of stocks on the nasdaq did not manage to eke out that same gain. there were a number of different reports for investors to consider from jobless claims rise into productivity falling by the most in almost two years. that affected trading as well. but if you looked at big cap tech, there was a split over the day. within the nasdaq 100, the stocks that were both contributing and weighing on the average the most were google and facebook on the downside and amazon and cisco on the upside. yahoo shares rebounded after citigroup upgraded though shares to a buy. basically for the reason that the company told us about a couple days ago -- that it was potentially putting itself up for sale or at least considering a very strategic option. finally, nxp semiconductors, though shares also a standout after the company forecast quarterly revenue to rise as much as 55% after takeover of -- semi conductor is complete. back to you. emily: julie hyman. now to someone with a true earnings hangover. nick woodman, the founder of go pro has lost his billionaire status. it

the nasdaq lacks behind. financials are the worst performing sector in the s&p 500 this year. with uncertainty surrounding rate hikes and low inflation, is the row poised to get any worse or could it possibly get any better? can gold continue to keep soaring this year? it is the year's best-performing asset. it just had its best month in two years, and we have got -- both of which have done better than the underlying metal. we are an hour from the close of trading today and the month of february. let's head to the markets desk were julie hyman have the latest as stocks turn around and come down. julie: they have indeed turned and fairly substantially lower. all major averages are losing about as much as they were getting out of the gate this morning. they continue to fall on lower than average volume. turner, we saw stocks higher as oil turned more substantially higher. it does not seem as though they are tracking with each other. so thehave turned lower correlation is not in effect at the moment. oil is having a strong month for the month of february. dot as we have seen stoc

here's a look at the nasdaq leaders, and look what's at the top. gamers uniting around nvidia giving it a big win today, jumping nearly 10%. why? demand for the specific things that nvidia makes, graphic chips that make your video games come to life and personal computers that need this stuff, they are driving the chipmaker shares higher. great day for nvidia, it beat on revenues, so it is jumping at the moment. up next, president obama saying he's headed to havana. a historic visit for a u.s. president, but not everybody thinks meeting with the castro regime is a great idea. it's a cuba controversy. we're on that story. dow is down 14 points but been in the green today. this is going to be one for the books. we got to watch it. stay tuned. donald trump: "people love me..." donald trump. look past the boasting and you'll see right through him. he supported partial-birth abortions. his phony trump university? accused of fraud. he tried to seize private property to line his own pockets. four bankruptcies... and small businesses screwed over. poll aft

the sector. nasdaqtechhe index is down by nearly 1%. the worst drag is on the nasdaq overall after the company said that it would be shutting its restore women's health unit to reduce potential liability after failing to find a buyer and producing full-year revenue guidance to a bit love the strings. they cracked below the support of last year's lows, suggesting they could drop even more. the company said that they received a subpoena in november around its patient assistant program. betty? thank you so much, abigail doolittle at the nasdaq. abigail: all right -- matt: all right, super tuesday is one day away and it looks like donald trump and hillary clinton are showing their don -- dominance. trump got another high-profile endorsement from jeff sessions. clinton slipped to victory over bernie sanders. here to break down the latest is megan murphy. ok, it looks like trump is kind of racking up the republican establishment endorsement. as aig is that going to be help going into super tuesday? >> this is

you're taking a look at the s&p off by 29 points, at 1.5%. nasdaqworst off by far, over by 2%. if you take a look of the dollar they, you can come inside bloomberg terminal and i can point out to you what happened with the dollar as that jobs number came out. the interpretation is this would be good enough for the fed to continue to raise. i should point out that barclays has their interpretation of the jobs report pair of their rate hike cycle from three to two because of the weakness in the services jobs, which did not match up with the rest of the data. everyone wants to look at more data before the draw any conclusions for anything could the sense here is that the labor toket is strong enough sustain the games we have seen. if you come inside the bloomberg terminal, you can see what set fund futures are calculating in terms of a rate increase. it is back to 55% for december. if you go for instance to yesterday before the jobs report, that number was 46%. alix: adjusting. coming up in the next hour of "bloomberg markets," we will talk to armored

the cap technology continuing the selloff with the nasdaq under performance. facebook and amazon are down once again. the banks continue to sell lots of the worst performing far in 2016. 6%. of america declining what is going on here yet so we continue to see the collapse in the bond deal. the two in 10 year notes, we will see .67%. also, as we continue to seek, a compression of the yield curve thought to be bad news for the banks for a variety of different reasons. opec ministers furiously meeting that does not mean they will get a bit. what is that driving? for one.ec prices even though there is not a lot of optimism that there will be a supply agreement, production of among opec producing nations, nonetheless, there is disappointment reflected in oil prices. nonetheless, still sing pressure. we continue to watch chesapeake energy. bloombergeye on the to see if we have any news headlines coming out. shares down 51% in a single day. concern about restructuring, potentially a bankruptcy for this company. the shares are halted. pending some kind of news. twirewi

a lot of the nasdaq names. facebook, google, amazon, netflix. e earnings prospects taking out of them. whether or not we are really on the borderline of a recession, we are quite a wave from that. average hourly earnings. we are actually positive. clearly, the market is starting the week where we finished on friday. that is to the downside. trish: thank you so much, tim. 376 on the dow. we are live here. new hampshire. the sight of the big debate. new hampshire was. the last republican debate. on an effort to stop marco rubio's memorandum. governor christie really going after rubio. what he calls scripted talking points. watch this, everyone. >> that is what washington, d.c. does. and then they memorize 252nd speech. >> this notion that barack obama does not know what he is doing. >> does chris christie have a point. does this hurt voters? howie kurtz. welcome. [laughter] what do you think? you saw all the candidates pylon to marco. what did it tell you? >> clearly, it was a rough night for marco rubio. in part because it plays into a media narra

abigailu, a doolittle at the nasdaq. let's get back to politics. l have a clear idea tonight about who is leading in the presidential campaign. you are looking at a live shot of donald trump at a rally in cedar rapids, iowa. he was introduced by sarah palin. one of the last political events before the caucuses begin later today. the latest des moines register with aows donald trump five point advantage over ted cruz. speaking in waterloo earlier trump accused ted cruz of opposing ethanol, which is a big industry in iowa. destroy your will ethanol business, 100%. betty: he will destroy it. a formers now is republican communications director. do you think of something like that on the part of trump? doug: it speaks to how close the race is and how donald trump has managed to insert every kind of cruz overcan at ted the last few months. ted cruz and his campaign have responded pretty forcefully. you see steve king, pretty influential in iowa, really getting into a back-and-forth with sarah palin. if you had asked most political pundits if steve king an

the nasdaq is down almost 2. 5% as the damage continues through tech and other areas of the nasdaq. g up, how our experts are navigating that sell-off. and we're playing monday morning quarterback on the big game. the two guys on this desk who played in the nfl weigh in next. ♪ today, we're seeing new technologies make healthcare more personal with patient-centric, digital innovations; from self-monitoring devices that can interpret personal data and enable targeted care, to cloud platforms that invite providers to collaborate with the patients they serve. that's why over 90% of the top 25 global pharmaceutical companies are turning to cognizant. our domain experts, technologists, digital and data specialists, clinicians and scientists are transforming the way clinical research sites collaborate with pharmaceutical companies, and enhancing patient engagement with innovative platforms and solutions. our population's growing healthcare needs present growing opportunities for our clients: to advance the future of medicine with digital, and improve the quality of lives. ♪ >>> we're back.

the nasdaq is having its best day of the month on the heels of a strong friday as well.back a little bit mid morning and it is now up more than 2%. many investors may wonder whether this is the real deal and what it means in the context of this year's selloff. the managing director said a big theme on institutional trading desks with the idea markets are cap at 16 times on the s&p, that he was 1900 to 1920. not a lot of upside from brendan 1% or 2%. the idea is also that nobody is arguing for multiple expansions. one of the best percentage performers, groupon, shares are soaring on the news alibaba is taking a 6% stake. this is on the news of the company's strong and bullish report last week. this all has the stock up 90% from a record low just last week. groupon is a penny stock and it reflects the fact it is down more than 85% from its ipo back in november of 2011. another stock is down sharply from its ipo and now is one of the biggest percentage laggards, go-go shares are off after american airlines told the carrier they may look at competition for faster and cheaper

the nasdaq in particular only down a half percent now. earlier comment was down more than 300 points, and take a look at here. i have looked at the s&p versus oil prices today. oils are in yellow and s&p is an white purity see a lot of as theyty in oil prices close at the lowest in 12 years before seeing a big lake upward here that coincide with a big leg upward in stocks. the wall street journal reported the energy minister of the united -- said opec is open which caused some kind of talk on production cuts. also that non-opec nations that will see production there go down by a hundred thousand barrels per day. day.s still lower on the to be clear. it is just the upward like we saw. here is the five-year in oil. i mentioned a 12 year low. in last five years, we have seen an enormous decline in the oil prices. it has been interesting to say the least, the correspondence between oil and stocks. let's get to the imap on bloomberg here, the various sectors on a move. shares are down 1% in the middle of the pack here. it is relatively broad-ba

just as you saw down at the stock exchange we saw here at the nasdaq, losses were halved in the final 30 minutes or so. nasdaq still the weakest of the major indexes closing down more than 1.8% but better than what we had seen earlier in the session, only 40 points from a bear market low we are actually quite a bit past that. as dom was mentioning, a bunch of the cloud computer stocks were sort of the reason that the sell-off began. it actually began a bit on friday when it cut its 2016 revenue forecast. many of the competing stocks also fell but it wasn't just a cloud computing names it was soft name names, they shed significant value in the session even after recovering just a little bit and the nasdaq biotech index, this etf that we check a lot still had a very rough session, down more than 3%. this is again in bear market territory down more than 25% in two months' time. kelly, back to you. >> courtney, thank you. >> we have a news alert on gap to get to. sue herrera joins us. >> the gap stock is moving in afterhours trading because they reported their comparable same store sales

meantime, looking at winners, looking for winners on the nasdaq. e ten out of 100 are in the green. >> doesn't look good, particularly in tech. take a look at this chart of the nasdaq over 12 months. we're down 2.5% today. some of the biggest losers today in tech include linkedin, splunk, work day down. what do they have in common? they sell to businesses. they sell to tech. they have been high growth companies and down the line, net sweep down, sales force down, palo alto networks down. a little bit above where it was 12 months ago, one and a third percent. >> it's not just enterprise spending. it's media, too. news corps reported ening eed e today. they are down 9%. they did see declining ad revenue, the stronger dollar, because they have international assets, hurt that company. >> that's been one to watch. the president is going to be making a statement on today's jobs number at 12:30 at about half an hour. we will keep our eye on that as we work our way into the afternoon. dow looked like it might have had a chance for going positive for the wee

thank you so much, abigail doolittle from the nasdaq. are watching stocks right now, looking at the dow is off by 43 points and s&p down by 15. ♪ alix: welcome back to "bloomberg markets." i am alix steel. scarlet: i'm scarlet fu. china's central bank plans to loosen rules on when foreigners can bring money in and out of the country. grants quotas for money brought into china for investment in domestic stocks and bonds. alix: it signals intent to open tournament -- commitment to financial markets to foreign investors despite recent turmoil in exchange rates. how significant is this move actually? we want to bring an end to current, who joins us now. >> it is producing of again, china signaling to foreign investors that we welcome your capital and you can move into the tope freely because stories capital outflow and they're very concerned that the volume of capital is leaving the country is putting pressure on them to clamp down on money that is leaving. on the foreign side of things, hey, you can move your money a bit more freely, but we

this is the fifth largest weighting of the nasdaq. not be able to offer its sites in india under the free basic services that the company has been pushing. rbc capital is highlighting facebook as one stock that should be thought on the difference between its fundamental and the stock price. an old-fashioned buying opportunity . gilead sciences of more than 5%. the second-biggest point is to the mastec this week as investors continued to digest quarter.nies fourth gilead is down sharply year today. the selling may have further to go. betty: thank you. oil prices got some much needed relief today, rebounding from the lowest levels in more than 12 years. there has been speculation that opec countries might agree to production cuts, but the likelihood of that happening is very low. during his now from houston is edward, the former u.s. ambassador to syria and israel, also the former chairman. before i get to what is going on in the oil market in the given your background and your work in syria, i had as you what you make of this truth betw

the nasdaq is now unchanged. but we have seen stocks bouncing between gains and losses in a pretty narrow range. markets, europe included, have rough he shrugged that off. as you can see, here is the year to date chart. we are seeing the narrowest range this year, about 14 point. this is true for the dow as well. let's take a look at the sectors on the move as well. financials have been leaving some of the gains made during we have lloyd's of london pleading gains in european financials. but aside from financials, a lot of the more defensive groups are doing well and staples, utilities, telecom. and we have energy and materials once again on the bottom end of that aaron oil prices once again lower today. they are bouncing off the lowest to some extent, but still of by one of 5%. scarlet: in the commodities space, oil is not the story. it is really about natural gas. julie: natural gas at its lowest in 17 years. this after we get the weekly inventories report for natural gas. you saw the drop off the cliff when we

right now the dow, the s&p and the nasdaq are hugging the flat line as you can see but three great days of course monday, tuesday, wednesday, begging the question, is the rally sustainable or is it a move that you should now fade? john what's your view. >> i don't know that you fade it simon but you certainly take some profits. i have been talking about that along with other panelists as far as selling call options.

more stocks are down the just the nasdaq itself. the core weight of nasdaq will be suffering or more. , tesla, this economy western digital, those guys have really suffered this year. saw tesla down 36%. western digital down about 29%. that is a lot of pain for companies with prospects of that changed dramatically. the company looks at minor changes as dramatic indeed. one point you have made is that even as tech stocks have been coming down they are still brought the expensive. all three of these stocks actually closed in the green today. is this really going to be a story for the rest of the year? that is a fair question. narratives of the market change from day to day. it is hard to extrapolate what is going to happen by this point in december. make any market predictions. is thing that has changed the valuation. it is not the prospects of these company systematically changed. they are still the copies that we thought they were. changed ishat has the market appetite for risk. the risk is reflected in those high valuations which me

abigail doolittle has more from the nasdaq in midtown manhattan. have a risk on contact. they are of one percent, largely techn i the big cap names like apple. on news the company is planning its fifth multibillion-dollar bond deal since 2013. it will be returned capital -- to return capital to shareholders. the offering looks attractive. it is unclear if this can turn the momentum out of stocks down more than 25 are sent from last july on all the concerns over the possibility of slowing iphone growth. the second-biggest point booth the nasdaq,boost to amazon is requiring advantage to enhance the payment solutions in india. we have a rally in amazon, up for four days in a row, but it is on lear if that is enough to turn the 30% drop from last year's highs at the end of 2015 bottom and 2014 it was a . the selling in amazon has been strong. up, a battle of the charts. mark, it will not the mark versus brendan, it will be mark versus joe weisenthal. mark: lifting prices to the highest level since november. will it last? i have just the chart next. botc

high last year, the nasdaq down 2% right now. the closing bell on wall street. stay with us. >>> 13 minutes before the hour. another rough day on wall street. the dow falling 400-points. recovered a bit, half of that. now it's even better. when you're down 141 and it's better you know it's been a rough day.l!gky the nasdaq is still down two percent. stocks plunged after oil prices fell below $30 a barrel. fox business network's joine kent is live. what a day. >> losses are -- we're up off of the earlier lows but gasoline and price of oil dropping doesn't help the markets. right now a gallon of regular ix now 1.74, plus you have the fact that the s&p 500 all ten sectors are down. the worth performers are energy and financial. those have been very expensive, coming down with the price of oil but the s&p 500 on pace for the worst close in two years, you're see a flight to safety in gold and the ten-year treasury. bold is seeing the biggest gain in a year right now, shep. >> and the tech stocks, on the nasdaq, they're taking a beatin

it's very close to a bear market on the nasdaq. not: that's true but we're seeing the kind of selloff we saw in europe in u.s. markets. a special chart for you this is possibly the greatest chart i have ever seen. markets.ok at we are seeing drops of about 1% on the s&p 500 and a little more on the dow jones. 6/10sdaq is down about of 1% after it closed in the green yesterday. in europe, losses of 4% on the major indexes so this is not as bad as it was over there. the banks with a problem in europe and they are the big weight on the index here as well. if you look at the s&p 500 banks, they are falling. they are all down. oil stocks are down as well. that is waiting on the index. let me off the chart. it is absolutely fascinating. this is an estimate of fed bias that michael mcdonald has together. rules combined the taylor and the bloomberg financial conditions index and made changes for certain events. are -- thesenes gold lines are fed hikes or decreases in the federal funds target rate. the red shading is recession's shading and

big crowd at the nasdaq and the dow is down 1.1%. little more than. 190 points here as we head into the close. s&p 500 down 24 points. the nasdaq down 67. look at crude oil, down two bucks today. remember i said that was a bs story about united arab emirates would cut oil production out of saudi arabia, sure enough -- i mean out of opec. sure enough -- baloney. boo loan any. neil: we both said that. gold bugs out there, it is happy day for them. 27 out of 30 stocks are in the red. let's go straight so lori rothman at new york stock exchange. markets are following oil once again. i wonder when it will stop? >> gosh i need to look into my crystal ball, right, david? no one knows. we had fan at that time tick

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