the s&p 500 pulled back to the 100-day moving average.ame day the s&p many crossed and a day or two would pass and the vix would stall out for a couple days and the s&p would rebound like crazy but this time the s&p 500 broke down below it's 100-day moving average and instead of peaking, the vix kept climbing. wow. s&p continued to get pounded including today. in other words, the s&p's support at the 100-day moving average failed and that's not the only thing that's different. sebastian says this spike in the vix coincides with the break down in world markets, precious metals, bond yields and panic everywhere not just the u.s. stock market and it is panic. seems quiet but panic. sebastian doesn't thing you can count on the market to have a sustainable rallies because the vix spiked above 20. the pattern looks different, that's not good. what else is different? t typically a bottom will be followed by the s&p 500 but check out these parts and the volatility index in the last six months. sebastian says while the vix bottomed in june, here w

the second camer for esd to s chief medic editor, dr. snyder start showi sympts the day and as a precau, c order dr. nancy and her to fly back to the u.s. on a p plane. e spo on the phone with bec the crew's tv b steri the rest of my team, very av bn extra t we are obvio very of this virus. dr. nancy and her team have sympto, but will remain in n f three weeks to mi the chanc of exposg else. many exper belie the most experl drug zmapp. treat is zmapp is an experl drug a proble e pro is, it's t e right now. p uses genet injur o pla and animal cells. e compod appea promi fight aga ebola. th serum was ud to treat the e u.s for ebola treatm t the limit suppls ran out august. l off are worki pharml compa to produc. we're trackg every angle of outbre and invite you to with nbc washin for even send you push alerts your cell phones> at 4:30, we'e white for a by senior offic ebola. with us for that live co > a devg right now, m team 4 is trackg rain our way. ready. s go to storm team 4 t amelia segal in e storm center with your first sho are going

>> historically, because the russell has underperformed the s&p 1,000 basis points over the past six months, that's usually the end of a correction, not the saturday of a sellup. i think it confirms we'll have a big move in the s&p over the next six months. >> before this correction, we really saw a declining breath on the smaller cap side, but the large caps. it's been a smaller amount of companies doing a lot of the heavy lifting to me, and the s&p really was not able to make a substantial run above 2,000 so i think with the qe ending next month, it's kind of what i was saying about the skepticism of the continuation of the rally here, i don't see the revenue growth coupled with this global growth concern that we're seeing in europe and also in the emerging markets. >> i mean, it's a fair point. i think the market has been a little choppy, weak, it's gotten investors nervous. but on the other hand i think it's setting up for what will be say seasonally strong fourth quarter. i know earnings are going to be a big question mark. i think the key here is that u.s. investment spending i

and 60's. theven-day forecast shows triple digits possible inland with low-to-mid 90's around the bay and mid-80's at the coast. cooling hits the coast on saturday and harder on sunday and back and the 70 and still, 90, hanging on and by monday, tuesday, and weapons back to average with morning clouds moderating our pattern. >>> it does not look too terrible pushing to the maze from berkeley westbound 80 the tail lates over to the bay bridge with traffic flowing and it continues to flow through oakland coming in from oakland toward berkeley from emeryville the drive is clear. however, it is changing because we have an accident that just cleared in san francisco and this is along westbound 80 off of the 10th street off-ramp where we had a four car crash and you can see the red hype it so -- behind it so you can see red conditions behind it. >> we have breaking news from the supreme court, the court has passed the first opportunity for re-enter the national debate on same-sex marriage. it is delayed.

the park. a l goi on, a lot. last check, a couple of s befe 11:00, they had a bit ls than 20 of those only ticke availa if you're in the immed , immed area, you still y hav a shot at getti a to today's game. a lot of excitt and here , megan. > f 4's traffi a conti our covere a look at the best way to t to natio park today. as you c are going to be headed to e ballpk today. is going to be your best on metro, though, people e being asked to kind of fan e nav stati is goinge really bu. u mig want to consir the statio a short walk and you can d some of those crowd som other tips. t transr linesf you t have to. pash will be very . d eh money for your trip on your smart trip . drivi to the ballpk t advise you do leave early, expect delay. to pay 10 bucks to $50 r parkin e oth option, ride the boat natio harbor. to you. balti celeb the s game. e front page of "the sun" re p ball. e o's crush the tiger 12-3. e oriol and tigers will meet n at camdes at 12:07 team 4 meteoro he segal. good mornin at camdeyards. e g in about an hour. at nats park, th

economy and the s&p will lead us higher. in the interim you have to come to grips with your i view on rates. i think rates go up sooner rather than later. and that is why we see emerging markets down and small caps down. if you realize that is not a bad thing for the economy, those will lift. >> you have a storm cloud on either side of you. do. >> i do. i don't disagree with what joe and steven have said. and i'll throw just for good measure, germany, italy, united states, ebola. freddy and fanny. all that at the market here on the first trading day of the new quarter. how much are we down? how much are we down? 1%. so if you are looking for. >> what do you want a 5% down day in one day to confirming? >> yes. that's what i want in reaction to that much bad news. that is a heck of a lot of bad news to throw at the market. if you had that much good news thrown at the market we'd be up a lot more than 1%, judge. so in other words, we've been trading with 17,000 in the dow. back and forth across 2,000 in the s&p. we don't hang th

so when the s&p was there, i look at the december quarterly, march quarterly put spread. that basically corresponds with that one 1900 level in the s&p 500. what i really want to do is if you agree with tom and you think the s&p is going to inch up, you want to sell the december and sell the other, if you get to year end and the etn i etf is a that, you look. maybe it will turn into a vertical put spread. >> you have a number of holidays coming up. i think that's a positive. i don't see anyone holding those things. they're going to keep those things on their sheets. i'm a little more interesting about the parts that have been underperforming and i'm a little unconvinced. >> coming up head, a big dive for gopro shares. we'll skurs th-- discuss that wn "options action" returns. g?góéjç >>> welcome back. after a scare on thursday the stock is up another 6% on the week and that's very good news for our friend mike and here's why. on "options action" it's how we trade to the max. risk less to make more and that's just what khouw and carter did. to spend less risk he bought the

look at the s&p futures chart. spike around 11:30 or so, add an hour if you are on the east coast. what is interesting about the chart is we are well below that first established bank of japan rally. we want to watch that high. it will be significant. look at the 24 hour chart of tens you can see the move there, as well. we are up three basis points on the day and up six on the week. let's look at a month to date chart and see it is a steady comeback after the route on the 15th where yields plummeted. if we look at the dollar-yen 24-hour chart big deal there. all the way back to christmas of 2007 to find a higher level of the greenback against the yen. back to you, sue. >> have a great weekend. thanks. >>> markets in rally mode today. our next guest says this will not end well. where a bear is putting his money straight ahead. check out the xlk which tracks the tech sector. it is the biggest gainer today up 1.3%. there is a look at some of the components. >>> welcome back to "power lunch." check out shares of sony b

we have a chart of the s&p 500, the 200-day moving average, the s&p has not been below it for two years. i think that will set up for q1 disappointment. the higher we go in q4, i think we give it back. remember late january, early february sell-off we had this year, after the s&p rose 30%, i think we set up to do that. and i think you want to use heightened index prices to set up for this trade. so today, when the s&p was 196.65, i looked at the december quarterly, march quarterly, 190 put spread. that basically corresponds with that one 1,900 level in the s&p 500. and what i really want to do is if you agree with tom and you think the s&p will inch up, you want to sell the december 1.90 put at $3.40 and sell for $6.40. if you get to the year-end and the etf is above 190, you have financed half the purchase price of that longer dated put. and you'll look to do something with it to further finance it and maybe turn it into a vertical put spread. >> off number of holidays coming up. that probably is going to depress volatility. so i think that's a positive. the other thing is, that the na

from that bottom, the s&p 500 has now rallied 9%. at these levels, fitzpatrick believes it is overbought. at least in the short term. and you can see how trading volume has been declining, indicating that the big boys are not accumulating stock with any particular fervor here. meanwhile, the s&p has a ceiling resistance at 2020. okay? 2020. that's roughly 30 points above where we are right now. fitz doesn't believe we'll be able to breakthrough that ceiling without first seeing some kind of pullback, so this argues that we're going to retrace a little bit here. at the same time, he also thinks any decent sized pullback will be worth buying. when the s&p broke down earlier this month, it fell, but the s&p only stayed below its 200-day moving average for seven days before breaking back out. there's the seven fabled days above this key level. that's why fitzpatrick believes the s&p 500 should be bought any pullback for the two-day average, which is slightly above 1,900 right now. how about a weekly chart of the dow jones industrial avera

although i do think the s&p wants to test. where do we go on a rally? if 2020, you know, we talk about where support and resistance, the old high on the s&p, if we rally, if the statement from the fed today talks about -- many my opinion talks about lower rates for longer. >> if it remains dovish. >> what is stopping the s&p from taking out 2020? and if we do we have a lot of smart people who have price targets higher than that. so that is something to talk about. but for sure to dock's point you can see the market selling off on. so buying some protection. you see the vix up in a flat market i think a lot of people are doing that. >> brasso. what about to murph's point? >> if you compare this to the 2012 test of the 200 day. we are going to wind up around this number. 2100 in the s&ps. i could make a case for 2080 in the s&p cash. but what is going to run are your energy names. that is where portfolio managers are going to look for the beta. so you want to be buying energy names. >> suny, it is interesting you in terms of the places you put money to wor

we will cool quickly and inland we are in the 40's and 50's and talking about jumping into the 80's with a quick warming by noon and low 90 by 4:00 and some areas will warm 40 to 50 and 81 with no breeze at 7:00 and the coast has total sunshine and mid-80's at 4:00, and

the last one standing is the s&p. rge caps and that is what's extremely vulnerable. >> let's come back to that in a second. i want to bring walt zimmerman into the conversation. you have heard michael lay out concerns. tom says maybe it's a buying opportunity. what are you doing right now? >> we think this bear is just starting to wake up. this week, the russell 2000 and the dax both gave a major sell signal from the confirmation of a huge head and shoulders top. the target's 22% loss from the high for the russell. actually, 28% loss for the russell and a 22% loss for the dax. we have the s&p sitting on its up trend line from 2011. and i think you have the market putting way too much hope in the fed's concern over a strong u.s. dollar. because when's driving u.s. dollar strength is euro fx weakness and japanese yen weakness. both of which are completely beyond the reach of the fed to have an impact. >> so let me ask then because we're going to have to go in a second. michael, what do you think ends this? if you want to

. >>> going, going, gone, the dow turns nev s negative for the ye s&p 500 logs its worst week in two years, what is the best way to protect your portfolio now? >>> searching for stability in the uncertain market. our guest says he has a list of stocks that can help you find it. >>> all that and more on "nightly business report" for friday, october 10th. >>> good evening, everyone, another brutal day of selling on wall street. not only did the dow turn negative for the year and suffer its third triple digit loss of this week, the nasdaq also had a rare triple digit decline. the main reason here? semiconductor stocks, microchip technology fell after warnings in the industry, featuring a selloff like intel and texas instruments, stocks sold off into the closing bell after another up and down session, the dow lost 115 points, the nasdaq fell 102 points posting its first back-to-back 2% decline in three years and the s&p down 22 points. so far this month the dow has moved more than 2,000 points just in the last eight trading days. and for the week, the major averages ended for the third lo

back to the mid-60's so grab a coat. inland the fog is to the north and mostly sunny and nearly 80 at noon and mid-70's and breezy around the dole that in in -- around the delta in the evening. upper 50's at the coast and minority 60's if the afternoon. not so much sun at yesterday. >>> good morning, everyone, bart is recovering from the ten or 15-minute delay in downtown oakland and millbrae and east bay direction because of an equipment problem. the bay bridge toll plaza shows metering lights have been turned open and when you get beyond the meter lights, we have an overheated bus that will block lanes until further notice. c.h.p. is headed out there and hopefully it can be towed. we had an early crash that canceled northbound 880 and a serious crash. we are down to 16 miles per hour, a slow improvement with best alternate so far 580. take that while the traffic continues to dissipate. >>> this morning, berkeley police are looking for the man who assaulted an 85-year-old woman. it is all caught on video that police want

the s&p 500 today. over to you. >> thank you, dom. you heard our guest top of the hour say he thinks it's a buying opportunity. we are seeing the nasdaq crushed worst than most averages. morgan brennan taking a look at what's working and not in tech, morgan. >> hey, kelly. i'd say a choppy market in the nasdaq composite but it is a roller coaster ride. down .9%. though still off the lows of this morning down about 9% this morning. the story is economy conductor stocks. the semiconductor index and the stocks down about 1%. and this is after last week's steep selloff on microchips revenue warning. the index trading in correction territory from the recent september high of porl focus. intel that's in the red ahead of earnings after the bell tomorrow. but we're also seeing the selloff in so-called momentum stocks. gopro walloped today down about 8.5% that a company camera involved a ski accident. other momentum names of tesla, priceline, netflix all moving to the downside today and we are seeing this as inv

ban could keep people from getting back to the u-s. others say banning travel to and from these countries would be safer. but officials say it wouldn't help in controlling the deadly outbreak. the travel scare comes after a man traveling from liberia to dallas was diagnosed. the hospital caring for thomas eric duncan says he is in critical condition. he traveled back two weeks ago and began feeling symptoms. five days later he was named the first case of ebola in the u-s. ten others who came into contact with duncan are also quarantined. the c-d-c are also monitoring almost fourty others. a golden eagle is recovering after it was found injured in morgan hill. the wildlife education and rehab center found the eagle a week ago. after an examination they found it had a neck wound. and heavily infested with lice. the center says they believe the eagle could have been shot or hit with a pole. the wound tore it's air sac. something it needs to fly. they named the eagle morgan. and she'll be in intensive care for two more weeks. when she's bet

through the holiday week we have 90 inland and 80's around the bay and 60's to 70's at the coast and maybe one or two areas could get near 80 on sunday which is the warmest and brightest day. oktoberfest in san ramon, food, dancing, and music at 8:00, and comfortable 73 and in the home 80's during the afternoon hours. injury -- enjoy. >> if san jose traffic is quiet. we had convey it -- had quiet conditions. people could be taking a four day holiday because of the holiday. 101 at 27 miles per hour approaching alum rock. top speed through 280 and cupertino is clear. we have big closure in san francisco with howard street shut down last night between 3rd and 4th and the closing will last up physical october 18 on saturday until 3:00 p.m. detours are in place. 580 is 32 minutes real estates address not too bad and highway 4 and 101, under 20 minutes from senator ralph to san francisco. >>> thanks, snapchat hacked? possible cyber attack threatening to being suppose users' private and personal photos. >> the international mystery surrounding kim jong-un and what is adding to the expectati

about 75% of the companies in the s&p 500 will be reporting between now and the end of october. several banks report this week. for big nationwide banks like bank of america and citigroup traders will be looking to see if trading volumes for bonds and stocks have bounced back, but for the average bank, the key to this quarter is loan growth. there's been some concerns that loan growth is slowing down particularly commercial and industrial loans, the positive comments from bank manager last quarter. interest rates still are not moving up. higher rates would help banks because they'd be able to charge more for their loans but that isn't happening yet. the second thing to watch is signs of weakness or stability in europe where the economic data has been poor recently. we'll get industrial production numbers in the eurozone tomorrow. if europe continues to get weaker there's little doubt the european central bank will step in with an aggressive stimulus program. >>> finally, and this is the biggest wildcard of all, further outbreaks of ebola could affect trading. the cdc says they'r

temperatures in the 70's will fall into the 60's during the afternoon and it will be breezy. sunday we wake up to an autumn chill. the coolest air of the season and by the afternoon only rebounding into the 60's but that cold snap is not going to last long, either, because by

the s&p 500 dropped to its lowest level since april. lie hyman is watching the and lisa isket tracking the moves in the bond market. thank you so much. we are trying to find a name or a description for what's going on today. what is happening to the markets? >> we are seeing an acceleration of the selling we had over the past few weeks. it is a number of different concerns that seem to be hitting all at once. this morning come you had the headlines that a second patient who had contact with the texas been patient has now diagnosed with the ball appeared that is hitting early in the morning. -- has now been diagnosed with ebola. that is hitting early in the morning. the result was the selloff. so, we past half hour or have been at the lowest of the session. down thend s&p both most we have seen since november of 2011. all three major averages erasing their gains for the year. itn you see this selling, causes concern and people want to bailout of the market. we will see if the floor gets set in the market overall. the selling is broad-base

the s&p 500 was up on the day, but the small cap turned negative in mid-day. the russell out-performed the s&p all week so it is likely the s&p is just playing catch-up. for "nightly business report," i'm bob pasani at the new york stock exchange. >>> and this week, investors witnessed a sort of david and goliath scenario with small caps easily out-performing larger companies and the overall market, as well. could this signal the opportunity for investors to make a big move into small caps? morgan brennan has a look. it has been a rough month, with the cap down 10% from the july high. investors have watched the group closely because they are seen as an indicator for the broader market. but this week, the index saw something of a rally, out-performing the dow jones and the s&p 500 in what was a very difficult week for stocks, some experts say this could be the start of a new trend, for small caps, possibly for the markets. >> we've seen the bottom in that we're going to have a pretty good fourth quarter in terms of performance. the goal is to get back to at lea

everyone else in the mid-to-upper 40's. temperatures today are starting off up to nine degrees cooler than yesterday. we will have temperatures running in the 40's and 50's through 7:00 and we will jump into the 60's, low-to-mid upper 60's at the coast and by 4:00 a lot of sunshine, maybe a pass high clouds and 66 and low 70's for bay and inland and you need a coat in the evening, and slow climb tomorrow a couple of degrees warmer and the warmest day is wednesday at the coast and upper 70 and near 80's for the rest of us and cooler weather and rain on thursday. friday's forecast is. coming up. >> maybe late sell politicians last night are making for early empty morning commute. the golden gate bridge shows from marin, into san francisco, as you head into the north bay traffic is minimal at this hour as we head over to the san mateo bridge the driver across the water from hayward to foster city is move look with no problems and top speed. we have one problem and this is going to be on highway 4, eastbound side, at hillcrest,

the s&p futures are closing about a minute. let's head back to phil streible in the pits of the cme. looks like it was trading down, the s&p futures. >> yeah, right now we're back at 1900 level here. some headlines i was reading the dow just erased all its gains for the year. if i'm an investor i will take that holiday we have and reassessing my portfolio. maybe some rebalancing might need to be happening. david: by the way, phil, i should just mention that 19805 was the -- 1905 was the 200-day moving average for the s&p. it has broken down below the 200-day moving average. that is technically significant, is it not. >> absolutely. that is bellwether on a market having problems. think problems might be around. we might push back down to 1887 tested back a few months ago. keep an eye out for that. look out for that on monday. like i said, no economic data on monday due to the holiday. there is not a lot. it will be headline and emotion-driven. david: phil, thanks a lot. won't be a restful weekend. he will watch all the futures. l

the energy is building. s such a great day for a game. wet to know what the will be like fo pitch goes off at 3:07. les che with tom curran for a check of the weather. go morning, tom. >> good morning. grt to you there at s park. it cool now, but by first h time, partly sunny. bel in the mid to upper 70s at first pitch time. la in the game, a lot of cl. wel have a bright, high ov. may play a role in the pos and high balls. th may get lost in the cloud co

the e the st:iof t g means s. we c see tt the figure or rur who wohaeesittg ersitting s a e ad -- wing him, sacd e himn waabo doe. val c relion canck eedays. to reinforcehage ax pacte, sacd e himn waabo doe. val c rdtoarh.s rhs pl ngopanryli relion canck eedays. to reinforcehage what see is maarmony th theors of nure, aaltstrx lastsc. emen he nobibomics. and when lkat rear you e maspatel maningelntoro watwee alseatas, a pfuliryllacks a goggle-eyed tlal warrior watwadisplaye sever a pof the lascopan ngs. aeists areilreconsng ulptnts aast vediffers lat n on heay r ces,he tloc go enor rethean, e inllloc isheelveir comrs. ts apal exoc deits thatioevte yatu 0 beopelthe romastatwaingr mightyire was pushed toaking point by forei inv and civil wars. otic poro'scoteories, atted er-lrllgsfrersia, isrom ni otic e cht woped heanwould ilbe a mys iforne s clue carvn e chioasy.ncsa heanatopheseare columns.rkmen wn reas the mar ofhi r, an antersi tistianss the mans persecuted thearly chstians beca wou n ter thits ptheo e te of th

down 51 on the dow. s&p down. joining me here is chief market strategist as banyon partners and jeff knight joins us. certainly a very scary situation in canada. everybody down here is watching it. the stock market is very jittery. >> absolutely. the world is on edge. any kind of news like this will put a little bit of worry and concern in the overall market. we don't know what is going on. hopefully no one else is going to be hurt and hopefully they get this resolved and it turns out it is just somebody that has sort of a mental issue. >> right. how do you feel about the market overall? we had wild swings in the marketism in many cases we have recovered everything we have lost in the previous week. >> in a short amount of time we have done it. i think the selling we started to see back in september wasn't related to issues going on in the world, ebola, the worries about europe. they have all sort of come into play at the same time along with the fact that everybody was looking for a correction issue. we have been

the s&p is down just a little bit more than 0.10%. ins in the green, not by much, but it's good enough for the bulls looking for a recovery in the nasdaq. transports are up about 0.5%. that's pleasing some who follow the dow theory which means when the transports go up, the dow jones industrial average gets support. the ten-year note, the yield is still holding at 2.41% on the trading session. a lot of parts of the market did get hit very hard because of oil this morning. there's the russell. it has turned positive and actually of the major indices, it is leading the way. it is up almost a full percent on the trading session. the oil market going in the opposite direction with both brent and west texas intermediate kind of mixed on the day. west texas just moved positive, ty, but we still have brent down on the day. >> and we still have that jobs report coming out tomorrow. >> that's right. zl >> it will be interesting to see how stocks react over the next two hours because that will be the last chance to position ahead of that report.

we will be in the 60 and 70's at noon and most us in the 60's at 4:00 until inland in the 70's and grab a coat this evening with temperatures in the 50's. height rain is possible in the north bay tomorrow and the rest of the us have a chance of showers friday night into saturday morning and saturday afternoon and sunday looking brighter and sightly warmer. if you are making it from hayward, there are no problems but a brand new crash involving an overturn vehicle. we do not have rain so we do not have slick roads. eastbound 80, that is where the car flipped and we had two occupants in the vehicle crawl out of the car. all lanes are blocked. eastbound 80 at carlson boulevard and drive time traffic 680 southbound from check correct to dublin is 15 minutes. 101 southbound to santa rosa is 50 minutes and highway 17 is looking good. eric and kristen? >> should there be a fast lane and a slow lane for the internet? what california regulators are manning to do on internet speed equality. >> a video shows how unsafe some of the roadway safety devices are. >> a solicit in who voters want to see

the agency its s-2-t's... the type of e that crashed. the agency wants to make sure the restf the fleet is safe. let's check in with liz for check on our morning commut let's get a look at weather. here's meteorologist lawren karnow. happening today .. the navy returns to the bay area for big show. ships and planes are here f fleet week. the big event returns to thy area after missing last year because of budget cuts. kpix five's anne makovec isn the water front in san francisco. :18:45:14--:22 "we were just talking about it, how the airplanes on the back, how awesome it is that the navy carriers have guys that fly those planes." lank rowland fleet week festivities incle navy ship tours today.. the parade of ships tomorro saturday night -- fireworkst pier 39. and on saturday and sunday, the blue angelsl bring their daring air showo the bay. we have developing news abo the ebola threat... warning signs have gone up n east bay hospital..warning people about the disease. s painted with bold red lette warn of ebola risk factors. sign is at j

down into the 60's and all these arrows signifying cold air. is going to be a little bit of a shock come sunday morning when we take a look at those morning lows. by the afternoon only in the 60's. the good news is the cooldown is not going to last that long. here's a look at the timing of this rain. before 4:00 a.m. and 6:00 a.m. rain arrives west to east. between 9:00 a.m. the heaviest rain false. gusty winds expected. between 11:00 a.m. and 1:00 p.m. the rain moves off shore and it will be ending and the sun will be coming out. this is the cool air that moves in in some locations come sunday morning it will be down right cold. we're not used to this weather. it will be the coolest air of the season. morning lows on sunday, little bit of a shock to the system in the poconos waking up to temperatures in the 30's. the lehigh valley, reading, berks county, all of the philadelphia area in the 40's. and only along the immediate shore in central and southern delaware talking about morning lows on sunday in the 50's. overnight tonight, the low 57 wi

s. minneapolis in the 50's and a piece of this colder air is going to be pushing down toward us right inr the weekend. so, enjoy the next couple of days while we still have the 70's. we will watch a cold front move through the region tomorrow, possibly bringing a few additional showers into the region and some clouds. temperatures in the 70's. not quite as warm as it was today. thursday a little bit of a break in the action with temperatures in the 70's and sunshine. and then waiting for this next front to move through. this is the one that is going to change everything quickly. the front moves through friday night with rain. so, friday is rain free. and that rain could linger into saturday morning. the big changes come on sunday. so, overnight a passing shower, fog will develop late, the low temperature 60. we'll wake up to temperatures mainly in the 50's with the exception of philadelphia, dover and even atlantic city, little bit milder and during wednesday afternoon, some clouds and sun, more clouds than anything else, the chance of a shower, the high temperature 74 degrees. on the ex

the vix breaking 30 for the first time since 2011. s 500 briefly flirted with an official correction. before mounting an impressive comeback. so our question tonight, is this all the bears will get? let's get into the money and find out. so dan, do you think that was it? >> well, here's the thing. it could have been for the near term. when you think about the volatility, you think about the panic, it wasn't manifested in the equity markets. it was in commodities. the move in bonds this week was astronomical. that morning on wednesday when they couldn't buy it fast enough. so to me, so that showed a little bit of panic. in the equity market, it was pretty orderly. i know it sounded worse than it was. we had a down 2.5% morning. just because we haven't had that in so long, and i think that's a big part of it. >> valuations haven't changed that much. nobody has enough precision to forecast earnings to say are we at 17 1/2 times forward earnings, 17? he's right, though. take a look at credit spreads. those things blew out massively. if you

the nasdaq off by 1.7%, the s&p off by 1.8%. 'll keep on watching. >> as we pointed out earlier, vernado and equity residential, reits, they're winners today. one sector that appears to be doing well are residential investment trusts, the reits. dollar ten-year gold, the dollar index up a little bit. the ten-year yield, 2.33%. who's happier than a real estate agent right now? the only people happier than realtors right now, because mortgage rates will go down again are probably bankers that want to refi your mortgage. >> that's right. >> gold prices up 19 bucks to 1225.1. oil, lowest price since december of 2012. boone pickens said he thinks oil could go back below 80 bucks. he didn't necessarily see 70. >> i want to add one statistic to what you were saying about gold. gold is up for the fourth consecutive day or fourth consecutive session. that would be its longest winning streak in seven months which does illustrate how bearish the sentiment has been towards this precious metal. >>> time for "street talk." i just wanted to men

the two best sectors in the s and p 500. kelly, scott, as you look toward what's happening with the markets, where traders are finding opportunities are in the stocks that have the most action in this care the ones beaten down the most, the russell 2000 small caps along with energy and material stocks, guys. >> we would be remiss not to put apple in there, too still the biggest story drawing viewers was about i think, either theism phone or ipad, we got another product launch today. bertha coombs, that's why i want to toss it over to you. with that said, apple is under some pressure today. >> apple is under some pressure, you know, kelly, i have an ipad air and already, it feels old, dowdy and fat, now that the new someone 18% thinner. the interesting thing is donald -- dom is talking about the small caps and midcaps. you take a look at the russell and s and p midcap 400, they peaked and hit highs july 1st. the first to see a kind of violent pullback and this week, they are both on track for gains. part of it is that a lot o

the energy is building. s such a great day for a game. wet to know what the will be like fo pitch goes off at 3:07. les che with tom curran for a check of the weather. go morning, tom. >> good morning. grt to you there at s park. it cool now, but by first h time, partly sunny. bel in the mid to upper 70s at first pitch time. la in the game, a lot of cl. wel have a bright, high ov. may play a role in the pos and high balls. th may get lost in the cloud co 74 and near 70 for the last out ball game. to, i be dry but br and cool. fit pitch 5:37 tomorrow af l be in the low to mid-60s. th drog into the 50s. the rest of the game under clear sk t p time, that wind diminh by the time we get to saturday evening late. it relativy cool this mo be you head out the door yo need a light jacket, sllt wee hov at 60 degrees. wee we do have other pr with our traffic this mo br news now with melissa. >> jonesburg road at connect av in chevy chase, just d w down there. peo n even out there at the sce yet. ap that intersen down right now. al in laurel, 198. wee

temperatures falling through the 50's right now. philadelphia 59, in the poconos only 48 degrees going down into the 30's tomorrow morning. take a look. future weather shows by 8:00 a.m. tomorrow 40, in the poconos with morning lows in the 30's. philadelphia 54. allentown 46 and only 48 degrees in trenton. we will watch tomorrow morning at 8:00 a.m. the clouds really thickening moving from the south and you can see the line right here through parts of montgomery county and moving northward over the course of the day and as it does, we are going to keep an eye on this. an edge of rain that will be moving toward the north and east after the 3 o'clock hour. so, that means for the evening rush, we will have some rain and a bit of a slowdown as everyone tries to get ready for the start of the weekend. so, coming up we'll talk about the coolest afternoon that we have seen in months. that's coming up tomorrow. rain to start the weekend and how slow we will be warming back up to more seasonable levels. i'll see you later in the broadcast wi

the next million dollar gate would occur in the 1970's. -- $5 million gates in the 1920's. you had patterson coming in from chicago founding the daily news on a shoestring. by 1927, it barely survives. it is the largest selling newspaper in the world by 1927. there he is, a truant from the baltimore docks. it place called pig town. he transformed his sport as fundamentally as jack dempsey transformed boxing. he turned it from small ball, into long ball. like dempsey, he was a big hit her. new yorkers seem to like that. the guys who could put it on the canvas and put people in the seats. when i tried to do in the book, just a second on methodology. i tried to reimagine the city as it was back then. to go back there in my mind, and to describe the lives of my characters not as i see them from the present, and as they live them. to try to get behind their eyes. everyone tells you history gives you perspective, because you have hindsight. but hindsight to be a killer. -- can be a killer. if you know the great depression is coming, you organize your book so that it leads to that.

mid-to-upper 80's in the east bay shore and low 90's inland east bay. res are going to rub in the 50's and 60's and the cloud cover and drizzle that will develop along the cost and do not be surprised if you fine the wet weather during the morning commute. offshore flow in, clouds come back tonight, and scattered light showers will get the game in, i am not worried it started at 1:00 o'clock, it will not be heavy enough to slow the game down if this is a light rain. steady rain in the north bay at 10:00 or 11 o'clock and through the heart of the bay and exiting the south bay to the end of the morning commute. we could get quarter inch of a rain and the rest of us .1" or less. look at the temperatures, by wednesday, we are at least 10- or 15-degrees cooler than today and we will be stuck in the 60's and 70's wednesday through sunday. after tomorrow, the 80's go away. >> still ahead, do you miss we candlestick already? if you do, the clock is ticking to bring home a piece of it. we will explain. >> at 3:00 people, on rachel ray, co-host reveals halloween r

the s&p 500 breaking that key technical level. ve got to say, the nasdaq hosts a lot of tech names. yet again, we are seeing tech sell-off. one of those momentum stocks, progo, netflix trading below their double digit highs. >> all eyes will be on the u.s. earnings season with a trio of banks reporting results before the opening bell. jpmorgan is first up at 7:00 a.m. eastern. investors will want to hear more about the recent data breach and jamie dimon's health. then wells fargo and citigroup are expected to come out. intel comes out after the market closes. on wednesday, we hear from blackrock as well as ebay and netflix. thursday, goldman sachs and google are set to steal the show. >> christine, thanks for joining us. ahead of a slew of earnings reports, that will give us a better indication of how some of these companies are faring on the back of better than expected economic data out of the u.s. but a lot of concern about the resilience in the greenback. the u.s. dollar, how big of a concern or headwind do you recognize the u.

we start off in the 50 and 60's but the north bay is in the 40's. that is where the microclimates are overnight. we will have temperatures at 80 by noon inland and hotter at 4:00. 90's inland and mid-to-upper 80 around the coast and, also, around the bay. the good thing is with the sunsetting earlier and earlier and the air so dry we have temperatures in the 70's to low 80's by 7:00. you will notice the heat peaks tomorrow and we could have triple digits and we have a more dramatic drop at the coast. are you ready for it? it is coming. >> as we look at bay bridge toll plaza we have a few stacks up in the left hand lane for cashpayers. traffic is running smooth elsewhere and northbound along 101 at lawrence express way and sow traffic as you leave 237 and head right interest downtown san jose, the life is move smoothly. here is a look at construction in the east bay, eastbound 80 ten powell and buchanan, that roth is going to wrap up as 5:00 this morning. >>> despite a strong housing market, some homeowners are in mortgage trouble. next, the controver

this is the s&p that all the traders watch.low for the day as mandy and i were coming on the air at 3:00 eastern time and it's since come back but still a decline of 1.1%. coming back to that in a moment. when's done well lately is the volatility index which is up 44% just in the last month. today up 2% although much higher than that earlier so as the stock market was coming back, volatility was coming lower here, as well. one more thing to keep an eye on. 10-year yield that's dropped now below 2.4%. look at that. 2.39% so there's been a rush to safety i guess to some degree for the 10-year here. >> well, it is interesting with the 10-year. you know, it's been baffling investors and me at the beginning of the year as yields head down but i looked at the bond gurus and they're right. it's a european bond market acting as an anchor for our yields here. the good news of the chart of earlier is at least we held the line in the sand today and talking about it before around 1940. >> that's the level we hit today and bounced off of bu