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

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 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

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>> 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

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

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

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

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

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

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

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 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

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

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 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

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

. >>> 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

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.

's but today, we are in the low 80's, not the low 70's. e clear skies. temperatures are mild. fairfield and antioch are in the 60. napa is 53. 60 in san francisco. vine >>> good news if you were facing delays on the train, it has cleared. southbound highway 242 at 680 because of the crash that is blocking one lane that is gumming up open highway 4. to the south, through the santa cruz mountains we have a stalled beg rig blocking lanes southbound highway 17 it is fought slowing things down yet but south of there near the reservoir that is are we have low and go traffic northbound but still managing well to the summit. >>> thanks, leyla gulen, you can see the pink logo? on the screen? we are wearing pink, too. with a nationwide put bringing more attention to breast cancer >>> covering novato, oakland oakland, sunnyvale and all the bay area, this is abc7 news. >>> hopes of a babe bridge series are over after the disappoint loss in kansas city. >> i didn't see that sigh in the script. >> but giants still have hope alive. matt? >>> all the a's f

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

temperatures today will be getting in the 60's, the very low 60's, bright, beautiful day, i think you'llhe the day-to-day because it looks like we will keep sunshine right up until that eagles game, and, well past that. we will check out the eyewitness weather seven day forecast coming up, todd. >> carol, thank you. >>> a violent night in the city of philadelphia, five people shot in the two separate shootings. "eyewitness news" reporter syma chowdhry is live at police headquarters with the details, syma? >> reporter: that is right, todd, 30 lease are investigating these separate shootings, that leave five people injured. now the first shooting happened just after midnight, on the 5200 block of delancey street and the the cobbs creek section. now, three people were shot, one is in critical condition. two of the victims are in their 20's, and another victim is 47 years old. two of the men were taken to hup, and one walked to mercy hospital. now the the second shooting, took place in north philadelphia, leaving two men injured. that happened around midnight on the the 1800 block of east se

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

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

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

we are in the 40's to start. in the upper 50's by lunchtime.igh temperature today should be around 65 degrees. that is a nice forecast. we will check out seven day coming up. right now traffic time and caitlin, no septa strike this morning. >> we really luck out. prepared for it but thankfully no septa strike at least in the just yet. if you are taking public transportation this morning you are good to go. we will start off in montgomery county where we have had a couple issues this monday morning. taking to the roads you will want to watch out on 422 westbound approaching route 29, so just south of collegeville but north of phoenixville we had an accident there with the left lane block. also lets go to blackwood new jersey black horse pike at marshall avenue we have an accident there use caution. it is not bringing any delays to us at this hour but we will keep you posted on. that finally pennsylvania turnpike northeast extension southbound this is just past quakertown area of construction there with the right lane block, chris. >> lets get to

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 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 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

temperature in the 50's. now we dipped in the the 50's earlier this month but this will be the first time that we will see, more than one or two days that cool. jet stream is taking a big dip saturday night and that will start the trend sunday into at least mid period of next week of a major cool down. switching gears to the tropics, even they it will be cooler we are still experiencing hurricane season. this is hurricane gonzalo that has its eye on the island of bermuda 145 miles an hour sustained wind, moving north/north east at nine, a major hurricane, category four and forecast to pass very close to or over bermuda tomorrow have afternoon as a major category three storm and accelerate towards the north east. for the second time within two months we have another tropical storm heading towards hawaii, this is anna just to the south, we will kick up surf and hopefully that is all it will be doing this weekend long the big island and island chain. overnight patchy clouds, low of 54. during the day tomorrow, 71

and temperatures generally in the 60's. we're going to be in the 60's for our highs throughout the upcoming weekend. but it's pretty breezy as well and really just a wet and breezy evening. winds are out of the southeast now anywhere between 10 and 15 miles an hour. but after this cold front slides through, winds are actually going to shift more to the northwest. that's going to usher in some much cooler air. you can see that southwest to northeast movement of the rain. the cold front itself is still just off to our west. so it won't slide through until early tomorrow morning. and then the cooler and drier air starts to filter in behind it. as far as the rain, we'll see those showers through the overnight hours. temperatures generally in the 60's. we may fall into the upper 50's in our far northwest suburbs. but after a few morning clouds i think we will be in for a partly cloudy and cool day, 64-69. winds could gust up to 29 miles an hour and heading out to nats park for the game two, temperatures around 63. at first pitch,

this one was found here in coastal south carolina in the late 1920's. rathertion to its square than turn structural elements, the chair features an open back frame that was designed to be used with a title and back cushion, another french detail we almost never -- almost never .ee in britain from the georgia piedmont, consider this chair, one of a very large group springing from a highly focused chair making tradition. as shown with their arched and closed back slaps and turnings, they closely resemble contemporary examples from continental europe. is one of the earliest known versions of the pattern, and one that was widely produced in the georgia piedmont from the 1780's through the early 20th century, and the design, so unlike that on most early american letter back chairs, probably owes its presence in georgia to the establishment of french and german settlements along the south carolina side of the savanna river during the 18th century. over time, these cultures moved southwest into the georgia piedmont and simply took their craft traditions with th

the fed keeping interest rates low. >> gary bee. viewers sitting at home, a lot of us have 401(k)s, a lot of that is in the s&p 500. and just to keep in perspective, the s&p is up 2% so far this year even though it's been all

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.

>> i see the s&p going higher. we think adding another 2% to 3% above the year's total is a possibility. i think it's a wonderful time in the market. >> it's all coming up roses, rick santelli. >> listen. i never want to deny improvement. talking about improvement, you have to have a baseline and i try to pay attention to historic baselines. there's a lot of underperformance in the economy. countries underperforming by momo more. not a lot changed since that drubing. all things considered, we have a big week and we're going to see if janet yellen is as dovish, see what she has to say about europe. because it amazed me how europe showed up in the minutes aggressively and the last meeting in my opinion didn't have a lot of concentration on that. and it should be concentrated on it. and i think the fed ought to be vigilant. will the housing market in china, the state of just chaos in my opinion on the japanese economy, especially considering the ready to pull the trigger on another tax hike and, of course, when's going

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

is it the 200 day at 1905, 1906 in the s&p cash. if we close above that for a couple consecutive closes will you change your gears? >> really we'd have to see a move almost over1940. if anything the near term will be very choppy. we can rally to above the 200-day and still pull back. i need to see more signs of stabilization. i want to see extreme fear, trend readings of over 2, and see if anything shows signs of the counter trends. >> bottom line for those people at home who don't follow all that. closes above 1940 on the s&p 500 is what you're looking for. yes? okay. mark, thank you. >> thank you very much. >> mark newton of gray wolf. those are pretty scary levels. you're looking at the 200-day moving average. >> i'm looking at the 200-day moving average. i'm also looking to the downside. i had 1765 flagged. he said 1760 and change. we're still on the same page there but it's crucial for the next couple days for this market to really rally back because if it doesn't, it opens up the door to a lot more selling. you remember we have

this is the last day to see 90's in the forecast for a long time. 80's away the bay. 70's along the coast. >>> we will look at the accident in brentwood that is eastbound along highway 4 with a vehicle that is possible blocking one lane and maybe blocking two lanes but along the westbound direction we are not seeing any problems approaching brentwood so this is close to discovery bay. we have heavy conditions along the altamont pass and i will look at that and drive time traffic in the next report. >>> new this morning, one of the leading candidates in the race if oakland mayor gives back money from a big named contributor and the reason he is saying "thanks, but no thanks." >> and more on the f.a.a. control center fire that crippled flights in and out of chicago. >>> a small town in the national spotlight after a sex hazing scandal involving the high school football team and what the crowd is calling for this ♪ i thought it'd be bigger. ♪ ♪ (dad) there's nothing i can't reach in my subaru. (vo) introducing the all-new subaru outback. love. it's what makes a subaru,a subaru. >>> covering

the vix breaking 30 for the first time since 2011. s&p 500 briefly flirted with an official correction. 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. you p 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 that panic. in the equity market, it was pretty orderly. i know it sounded worse than it was. we had a down 2.5% morning. >> 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. option adjusted spreads on high yield, what you you saw was decent blow out to 500 basis points. so what that tells me, either it's a great time to buy high yield or there is still a lot of conce

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

on the right is the s&p 500. where qe is ending this month this is the chart to look at. this is probably what makes the fed nervous, this tight correlation. and their balance sheet isn't necessarily going fall off any time soon but that is what the real information is loaded on that chart. back to you. >> all right thanks rick. seems like the fed is hard to understand whether they communicate a little or a lot. up next we've been asking you which internet of things company you would fund. a personal beacon system that respond when you walk in the room or a smart button that does everything from send e-mails to start your coffee maker? the results are in this week's winner is coming up next on squawk alley. how much money do you have in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement chall

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

s around the bay and 80's inland and 50's at the coast and 60's away the bay, you may need a coat. >>yla gulen? >>> as you make it across to san francisco from the east by, it is packed. when you make it pass the metering lights, it is like molasses to treasure island. it will take 20 minutes from the maze to san francisco. we have an accident still blocking one lane that is clearing. the southbound side of the nimitz at industrial parkway at 32 miles per hour is the top sped and things are starting to clear. in san jose, this drive is slow down along 101 especially between 280/680 and 880 and the other freeways and highways are moving along without any problem. >>> we will start with the latest on the ebola epidemic. a deputy sheriff who served a quarantine order on the apartment where thomas eric duncan is saying is whattened -- is being examineed. duncan's remains will be cremated and hospitals are taking recallings to keep the ebola virus from take hold. amy hollyfield is at the medical center in walnut creek with the story. >>> you know how the patient in dallas was sent home fro