liz: we ask if the selloff if twitter's stock is overdone. dan said no. growth coming from ad revenue it will hit equalibrium and i don't think twitter will come up with another stream of financial revenue. number two thing to watch tomorrow, is linkedin. it is following q4 earnings report. linkedin projected revenue for the current quarter is delow analyst estimates. david: about a 7% loss. number one thing to watch, of course, 8:30 a.m., here on fbn. january's jobs reports. economists expecting non-farm payrolls to rise by 185,000. you had a guy on your show a whisper number is growing, maybe 300,000. mites be a blowout tomorrow. who knows. liz: have to watch fox biz. melissa is next. melissa: we're starting with a wall street smackdown. big twitter troubles. the stock, a huge market loser, plunging more than 20%. analysts downgrading the company and lowering the price target. we're going head-to-head. even when they say it's not it is always about money. melissa: in case you were wondering that deafening thud you heard today was twitter crash landing o

with the dow's nearly 324-point selloff today, its seventh triple digit drumming this young year, it's now up 7%. the technical definition of a correction is 10%. japan is already there courtesy of another tumble in its average overnight. let's like our dow, which hasn't seen such a thing in years. some experts say we're due. long overdue, and some investors say we're doomed, very doomed, and a chill in manufacturing didn't do much to help. all ten main sectors in the s&p 500 in the red today, which prompted no less than industry legend jack mogul to do a little investor hand-holding, his best advice, sit tight, ride this out, and don't do something, just stand there. a lot easier said than done, i suspect. >> this was the second 300-plus point selloff for the dow jones industrial average so far this year, and we're only in the first day of february. so, there's a popular belief on wall street right now that the record runup in stock prices in 2013 was directly the result of the feds' money-printing policies, and now that the fed is unwindses its stimulus program, down goes the market.

let's talk about how the key asian markets have opened after the big selloff. matthew taylor is joining us live from sydney, australia. the nikkei just opened. 8% on japan. pushing that market further into correction territory. of course, over the month of january we saw that japanese markets sink by more than 8%. we're down 2% yesterday and it looks as though we're going to have another drop for the japanese market of 2% today. well below that 15,000 level. 14,348 is where we sit on that main index. we're likely to see the selling in japan exacerbated. we have a stronger japanese yen. below the 101 level against the u.s. dollar, the strongest level for the yen since the middle of last year. the move is likely going to prompt a sell-down in those japanese exporter stocks which are well on the overall index. the australian market that has been running for more than an hour, we've been pressured by the big mining stocks like rio tinto. copper prices, of course, the ninth executive drop that we've seen bringing about the worst losing streak for copper in 18 years t

people are also questioning whether what is going on in the world. selloffntly based on emerging market concerns, what were you sending the options market? how are people looking ahead? >> i looked at two things. the futures were people can go a long and short. we saw hedge funds and the s&p 500 futures, for the first time since 2012. that was a major sentiment shift as well that happened actually as the market came back. they were short in the s&p 500. we look at the vix, which is options. that does not really come back to where we were in january before the selloff. we were 12.14 in january before the self started. the emerging market fears created havoc in the market. will not came back to that level. we are around 14-ish. people are still buying options. that is what is going on. fact we hadiven the is quiet, unexpected record today where people may be quick to go bearish when all of that was happening or do we see some bloodshed happening in the market today as you were talking to traders? part of what happened was the decisions we saw in the s&p future

some people kind of matter of fact about the selloff yesterday and others very concerned. what are you telling individual investors about how to look at the situation that we're in? >> well, compared to previous cycles, this one is very moderate at this point. and the fundamentals are actually quite good at this point. one comment from that package you just had a second ago that jumped out at me was the woman who said people just don't feel secure ever since the crash of 2008. and i think that's the backdrop to a lot of what's going on in the markets right now. in a very short period of time domin domin dominic chu was talking about how some stocks are down 10%. the stock market was up 30% last year. you didn't have a lot of people cheering with new highs in the dow. now the market is off 7 to 9% overall people are quite concerned. there's a lot more fear than greed. that's not a bad thing. it keeps prices relatively low. i have to say that compared to previous market cycles, we're out of recession. it doesn't feel like it because psychology is so bad. but companies are doi

the top headlines. they say this selloff could continue. chairman oversees more than $50 billion in his $50 billion. toma was found guilty on insider trading. he faces as many as 20 years in prison on the most serious count. dismantled ag kong world war ii bomb containing 1000 pounds of explosives. the u.s. oned by the japanese army occupying the city. people were evacuated after it was found on a old insight -- a building site. welcome back to countdown. >> i am mark barton. discuss fourthto quarter earnings is helge lund. oil and gas production fell and prices weakened. you better sum it up. you will do a better job than me. tell us about the company and how things went in the fourth quarter. >> 2013 was a good year for us. operations were very stable. safety improved. -- projectsproduct on time and schedule. were loweral results than 2012, driven by the fact that we have sold assets and made choices. >> you have been making some tough choices. delaying various projects. d.c. a change in these dynamics of lower production and prices in th

the selloff is easy to find, utilities a safe haven. down 2.2%. also we see denny's down 5.5%. when you check the analyst rankings on these, all three of these all have 50% of the analyst with a hold or more, some cases 53%. slightly out of favor because often you check out a stock and ratings at 60, 70, 80% as a buy. not on these three restaurant chains we follow. you do see them selling off pretty good today. jack-in-the-box down 3%. we have actually outpaced the market, so you could see some people taking money off the table, for example chipotle mexican grill hit record highs almost 76% in the last 52 weeks, also jack-in-the-box up over 70% in the past 52 weeks for this group has done really well over the past 12 months. liz: i am looking at all sectors, casual dining should not feel like they are all alone out there. interestingly enough, charles schwab taking a 4% hit perhaps on the belief there may be less volume, interesting to see td ameritrade. similar, not a surprise. big technology already. same with consumer staples. nicole: that what had a nice analyst call. liz: t

cooperman agreed that the selloff was to be expected and that it was probably healthy for the market.he market, will markets do not i've from old age, they die from excessive recession. there is no recession in the cards of 2014, best as we can see. i should remind you that the wall street consensus ended around 1965, so certainly as of now that forecast that we are going to see is for the full year. talking about u.s. stocks around the world, it has been such an influence on trading in the u.s., recently. the emerging market index has fallen more than eight percent this year, making it the worst start since 2010. one example here, taiwan, moving the most in 10 months, trade resuming following the new year's holiday. for more on what is going on in the emerging markets, adam johnson joins me with insight and action. >> the fed has spoken, emerging markets do not like it. let me show you what we have heard over the past 24 hours. two fed presidents, two words. high hurdle. probably a high hurdle to deviate from the tape or pace. from jeffrey lacker, the hurdles ought to remain high. in

it was from the selloff of 5.8%. one, it was incredible the way the markets were recovering. it is one of the fastest recoveries in the market. we have come back in three weeks. the average time for a rebound in the market is nine weeks. it is a lot thicker. >> all of these bears are arguing. what is their case for where the market is now? intellectually it is much more healing. they say that corporate earnings are stretched. we just went through the u.s. earnings event. companies are getting negative restrictions and valuations. the most important central bank in the world, it is a sense that moment or the u.s. economy. it did not meet expectations. >> not only are traders ending on the benchmarks, they are betting specifically on tesla. >> exactly. it is very interesting. we spoke about them a stocks wrong. this is one of the shortest stocks. the shares are so short. it just he's rallying. there is evidence from the market overhaul that the stock is up for the four percent. >> wow. incredible. thank you so much. it

the storm. was monday's selloff the worst shifting from the market, temporary blip from the radar? or was it a sign of more selling to come? some economists say just relax, it has been 2.5 years since the market correction. honestly we need one. this phenomenal run-up in stocks we saw last year, that was more shocking than the selloff we are seeing this year. the selloff is completely global. some markets are officially in correction mode. japan's nikkei dropping another 4% today and the hong kong market down nearly 3%. closing relatively flat with mixed results there. back in the u.s., with the recent economic data yesterday we told you the trailer manufacturing closed sharply last month but the cold weather largely to blame. today the government echoed similar concerns saying factories fell by the most since july and tomorrow state in for a report on job creation as a private sector ahead of the government jobs numbers due out friday. in the backdrop of all of this is the fed reducing its monetary stimulus. a top special banker says he expects the fed to continue cutting the bond

and the stock at 100 right now is at the midpoint in the selloff so i think it's a good value. he economy's looking better--i think that the stock goes down because more people have more money to buy the alternatives which are more expensive and healthier. if you think the economy's poor,i think the stock rallies. alan: have you just invented the peanut butter indicator? scott: the stock will rally like mcdonalds will when the economy goes down. i think the economy is gonna go down. because i don't think things are doing th a deadly disease. i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i needed. obesity is a second leading cause of preventable death in the united states. but it's a treatable disease, and there's effective treatment options available. now is time to get help. please join the obesi

. >>> are the so-called emerging markets really the reason for the 2014 selloff? person of the world emerging markets is about to explain what is going on. >>> and speaking of emerging, "the kudlow report" curling team is a contender. cnbc is going to sochi starting next week. we're going to be your curling headquarters. so we're preparing. there it is. who is that guy? it almost hick the mark. we'll be right back on "kudlow." ♪ ♪ turn around ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing really good around ♪ ♪ turn around ♪ every now and then i get a little bit tired ♪ ♪ of living off the taste of the air ♪ ♪ turn around, barry ♪ finally, i have a manly chocolatey snack ♪ ♪ and fiber so my wife won't give me any more flack ♪ ♪ i finally found the right snack ♪ ♪ open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates mor

when we look at the selloff through the land of our risk models, you do not see any reason to panic.all means a low volatility year, may and june were more volatile than the last couple of weeks again, so we are not talking about extraordinary volatility here, and when we look down below that as active strategies, for example, they have not seen any traditionalrisk, so contrarian strategies, momentum strategies, value, all of those things have been very, very steady, so the active managers, the rose themselves are not acting. in some ways, this is a healthy correction, but it does not single a change in a trend about a long-term bear market. >> the start of the new year, everyone is talking about this flight out of emerging markets. i am getting a sense there has been a bit of a turnaround in that sense, and people are looking closely again. selectively, at emerging markets. what is your view? >> yes, that is the key. the selective this -- selectiveness is the key. ever since tapering came on last juno, the smart money and you saw a, very wide spread out across the emerging markets.

what due think about the selloff? it is getting serious. >> federal government getting out of the way is part of the problem. melissa: you're saying them getting in the way the is first place. getting in too deep with no clear exit. i hear what you're saying. emerging markets are thinking because they're reacting what is going on. >> that is the official reason. the real reason, emerging markets are falling apart. 10 of hundreds of billions of dollars gone into these markets last 10 years because wall street sold decoupling. america was in decline. these stocks will do better and their economies will grow and our currency will collapse. the exact decoupling happened over last two years. our stock market was hot, up 32% last year. their markets are going this way and looking at a chart. people are reassessing this, changes from pimco all the way on down where they're getting out of emerging markets, fund investors pulling 10 billion a week, five billion a week over and over. that will lead the markets to collapse far to

a lot of people said the selloff was overdone. now it is time to get back in and pick up some bargains, but you say, not so fast. >> i am not sure about it. the view is almost always happy. we are in the minority that believe asia and emerging markets are highly likely to deliver either flat or negative returns this year, and the reasons are pretty straightforward. when the federal reserve changes its monetary stance and we are tapering by the end of the year, normally emerging markets tend to have trouble. we have already seen some weak links with the ukraine, argentina, venezuela already beginning to break. i think that might spread to other countries that have debt,t deficits, external and i think in latin america and also in korea the earnings expectations are massively high. i don't know why, so i am expecting some downgrades from those two. of globalecause recovery. >> i think global recovery is good, but emerging markets have two ways to deal with the issues. one is to let markets devalue it and to raise interest rates. mone

the selloff in equities definitely impacting the nasdaq.nderperforming the major indexes down over 1%. when you look at the nasdaq 100 there are only ten stocks that are trading in the green. one of them actually happens to be apple. apple is bucking the downward trend in the market. that stock showing some relief. social media one of the bright spots in today's trade. we have facebook trading at a record high, pandora shares higher by around 4% after its price target was raised at cowen and co. and of course our eyes on twitter. twitter reporting earnings later on this week. now, in terms of where we're seeing the weakness in today's trade, it's really across the board. some consumer names like green mountain coffee and then there's amazon, one of the worst performing stocks. that stock continues to move down into negative territory after its disappointing earnings report last week. back over to you guys. >> seema, thanks so much for that. the vix at the highest lev since i think late last year back above 20. >> psychologically -- >> the d

. >> yellen is getting her first today as the new head of the nation's central bank with the selloff all street. here's a look at how the markets stand right now. the dow jones industrial average traded down 326 points. the s&p was down almost 41. and the biggest percentage loser was the nasdaq down 106, almost 107 points. that's it for cnbc. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some financial folks who will talk to them about preparing early for retirement and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. and five simple whole grains, new multigrain cheerios dark chocolate crunch is breakfast... with benefits. start your day with a delicious new crunch. healthy never tasted so good. anybody have occasional constipation, dia

and the initial selloff on the news quickly changed directions. the dow is up now. others believe the fed right consider pulling back on its stimulus plan. >>> in florida there was a bailing hearing for a shooting that happened in a theater. the 71-year-old shooter, and the 43-year-old victim have military backgrounds. the defendant is pleading self-defense. >>> the former new orleans mayor is back in court today. he is accuseded of taking bribes and kickbacks in exchange for valuable city contracts. prosecuteders confronting him with evidence from city contractors who admitted that he bribed them. >>> still ahead, escaping holmes. some trapped syrians are finally getting out. >>> the president of the united states of america, barack obama. [ cheers and applause ] >> and you are looking live right now at east lancing, michigan. the president has just been introduced. the man doing the introductions, a cherry, apple, and plum farmer. the president there to sign off on that $1 trillion farm bill. it has been popular and controversial at the same time. it is cutting $8

. >> mark mobius says the selloff in emerging markets could continue. airman oversees $50 billion in developing nations. his outlook differs from jim o'neil who says this week that the selloff has created a buying opportunity. atu.s. jobs data comes out 1:30 uk time. they expect employers to have added twice as many workers in january than in december. they expect the unemployment rate to have held at 6.7%. manager wasc fund found guilty in the largest insider trading case ever. this is the seventh conviction one by u.s. prosecutors in their probe of sac and its founder steve cohen. martoma faces 20 years in prison. atare other big stories bloomberg today. bank of england staff may have condoned practices at the heart of a currency manipulation investigations. said to have are told currency traders that it was not improper to share them pending customer orders with counterparts at other firms with poor trading. susie joins us now for more on the story. more bad news for the boe. >> it is. yeah. they face the threat of them being dragged into another scan

when we look at the selloff, it pales in comparison to what is happening overseas. ning for the exits. $2.9 trillion with the global equities markets. so you're seeing investors very much scared right now to . neil: i've heard that figure before. i'm wondering where is that money going if they are pullng it out of global markets, stock markets. it has to be on something. it has to go somewhere. money tapers and emerging markets those down. it's as simple as that money is coming out of the market and it appears to be going to the sidelines at this point. neil: so it is off to this up to 14%. okay, soplay this out. moore gets caught up? >> yes. wn 9% this year. look at what happened in interest rates, raising it substantially to try to stop the downward spiral in their currency and it did not work. neil: it never dies. the knee-jerk reaction is raising the interest rates. >> not in this environment. where global markets got used o the federal reserv pumping $85 million or whatever into the system and now they are taking th away. global markets are looking at possibly h

stuart: the selloff is because the only signed up 9 million new subscribers. that. let's see what happens. we are following it for you. a new google glass app allows users identify the people around them just by looking at them. users can see other people's names, their occupation, their age, and all other kinds of personal information. you just look at them and up pops this information right in front of you. does that raise privacy concerns? judge andrew napolitano. are you worried about this? >> i would be worried if the government was doing it. the fourth amendment has the guarantees of privacy, protects us against the government, does not protect us against each other. does not protect us against private invasions of privacy. but as i understand it, and i may be weakening my understanding, but when this thing comes on, i see you in a restaurant and all of a sudden your image is in my google glass, it will send to my handheld information that you have made available to various social media outlets. it is not going to give me something that you have kept sec

for many the selloff isn't surprising. here's why. stocks can't go up forever. after last year's huge rally, many call this an expected correction. >> i don't think this correction is over. the last time around i talked about a correction it was sort of like waiting for gudo. >> second there's a new leader at federal reserve. janet yellen is picking up where bernanke left off and has to pull billions out of the economy without derailing. turkey, south africa and others are in shaky conditions. dozens of companies have put out weak earning forecasts. translation, lack of confidence. for those reasons, selling may continue. how much? many predict the markets need a staggering 10% decline from recent highs. they say lows will be brief and stocks could rise in 2014. for now, buckle up and get ready for a bumpy ride. >> just how strong is the u.s. economy? it's going to be hard to tell carol. this terrible weather is going to make the economic data look crazy. here's perspective for you. if you like at the dow jones industrial or s&p 500 back to march 9, 2009, look at

sixth reason for the selloff, the government, it just pancaked us. now there's no doubt about it, the government should be apologetic for what it did, just apologetic. it's good that washington basically declared war against business with the consumer -- well, let's say both, consumer and business just crushed by the shut down which turned out worse than we thought. obamacare has seriously sapped the confidence of the business community. in the meantime, the pullback in food stamps, well that was poorly timed. just awful. now we're hearing talk about the debt ceiling and worrying that the government's going to run out of money. i doubt washington cares. i know from my research for "get rich carefully," it's cost 5%. let's not forget the cutoff of extended unemployment benefits while the sequester cuts remain in place. i don't know how our government could be more out of touch with its people. a new fed chief has come in precisely the moment we need the steadiest and most experienced hand. and the fed is no longer as good of a friend as it was. janet

if you take the measured move, distance of the selloff, add it on to the highs 1950 is the target in s&p. we still have seven more% on upside. nasdaq has completed recovery. who says how much higher we can go from here. things like still very supportive. not just equities. way they came back was very impressive. it was a lot of other marke looking a gold, looking a oil, and looking at bonds. we see asset reflation as people feel better than they did last week. liz: you call reflation with natural gas, listen, i don't tend to want to focus at that much on commodities. this is major jump, 8%. silver continuing to move up nearly a full%. >> remember the metals have been absolutely beat own down. this bump is only natural. natural gas is affected by weather. i'm from upper peninsula of michigan where we get 300 inches of snow. this is winter to me. if you look midpoint last 10 years. midpoint is $7. we're not at midpoint t feels like pain because we're at such historic low levels. david: if you're upper peninsula of michigan, this must be like summer to you. joe, i want to talk about the

the selloff in january, i started thinking that i wonder if the tax law changes have anything to do witht is good to be here. and you have to think back 13 months. thirteen months ago the capital gains went from 15% to 23.8% for high earners. and investors sold in droves. huge volumes. the april of 2013 tax receipts skyrocketed based upon the final tax payments. during 2013 investors had relatively fewer long-term gains to sell and they were locked into short-term gains in the tax rate on those was 43.4%. no one wants to pay that kind of a tax. gerri: no, that's true or not lassoing pressure in 2013 and the market goes through the roof and then you hit the beginning of january with a huge water from the summer of 2012. the long-term plummets. >> let me stop you there. as he will do what is going to happen in 2014, is there more effective seller by because of the tax laws? >> the only effective for short-term gains will convert the long-term and investors will be more readily willing to sell. gerri: if the market goes down. >> that is is volatility. i mean, if the fundamentals they to buy

just three weeks ago the league struggled to selloff the playoff games and that is affecting the gates here. with the super bowl approaching, the most popular sport is at a cross roads with technology and money. >> you are spending a lot of money. >> over a hundred dollars before thinking of going there. >> according to the analysts, the ampverage cost for a familyf four is $450. even this past year, ten teams played at home stadiums under 95% capacity through the middle of the season, so how are the nfl franchises continue to attract the fans? >> it starts when they buy the ticket and enhancing the wifi experience been the building. >> the eagles added the wifi and improving the ingame experience with the app. >> the eagles app is a one stop shot from the red zone to access to the live feeds and seeing the replays and fantasy stats, you have that at your fingertips live in the stadium. >> in a league where the revenues and ticket prices are continuing to rise the fan experience can never be taken for granted. >> the competition for the dollars is strong. you have to find ways to get t

though there is plenty of uncertainty in the world markets the recent selloff is an opportunity to get into certain asset classes. usaa investment solutions, bernie leads a team that heads a $16 billion investment. what should i make out of this selloff? >> it started i think with the extremely cold weather that has really hampered retailers and led to some poor results. that should right itself, obviously. but with some of the concern over the emerging markets caused by the taper i think that's washed over a little bit over the u.s. but i think this correction should probe'probably be short -- probably be short-lived as this economy is improving. >> let me ask you this. you have looked at this as many smart investors do on the opportunity side. you think this turmoil on emerging markets and driving the u.s. investors is an opportunity for some of my viewers. >> yeah, absolutely. first, we invest assets globally. so we look across the world for equity assets, and we measure them on a relative valuation basis. the u.s. looks a little overvalued to us and as you know has done quite well.

we saw the biggest selloff in ukrainian bonds. billion dollars of notes due in june. >> june 2014. >> that is correct. thatdid not remember during the events of greece. this is extraordinary. there are contrary is out there who are, as of the end of last year, buying ukrainian bonds. billion and they have increased their holdings by a quarter billion in the fourth quarter to give them a $6 billion worth in ukrainian debt. they are the single biggest holder of ukrainian bonds. >> is fascinating. >> yeah. the fund manager has averaged 8.2% over the last 10 years. -- bloomberg businessweek said that he was the best performing fund manager. >> fascinating. we'll see later for more on what is happening in ukraine. notnext guest says it is policy updates, but the impact leibovitz joins us after this. >> is time for company news. in as muchuld bring as $500 million for the biggest mining company. divesting assets as oil prices decline. introducing the fourth supercar. the debut at the geneva auto show next month. is looking to compete wit

adam: the selloff on wall street, the stock market's losses accelerating. to start week. i'm lori rothman. we're hitting pullback territory on the s&p 500 right thousand. the index notching a 5% drop off recent highs. we haven't seen a decline like this since june of last year when the fed first hinted at reeling this its bond buying. adam: the internet is about to look a whole lot different. you know dot.com or even dot.edu or what about dot.shoes or dot.new york? it's biggest land rush in the history of the internet. we're going the hear from the organization in charge of it all. lori: and it is probably an image the denver broncos and their fans would like to get out of their heads, but it's our guest's job to capture it all. jonathan klein with the best images from the seattle sea huge's historic super bowl win and how the photo agency is repping for the to limb -- prepping for the olympics. let's get to the markets. stocks extending their multiweek rout today. nicole petallides, kicking off a new month, but we are seeing the same old selling. >> report

♪ >>> investors seem to be buying back in after the big selloff on wall street. all to $514 billion this morning. that's the lowest in five years. a new report shows silicon valley is blooming again adding nearly 37,000 jobs in 2014 and 25% of households own mare than $100,000. the dow is up 61. nasdaq is up 40. s&p up 14. >>> hewlett-packard's ceo meg whitman is getting didn't 1.5 million pay raise. since she joined the company she's been earning $1 a year. now the hp board is authorizing the pay increase because whitman has helped turn the company around. hewlett-packard reported $5 billion in earnings last year after losing 12 billion the year before. >>> hundreds of disney workers could lose their jobs in the next few days. the wall street journal reports disney will lay off several hundred workers from its interactive media unit after the company announced its quarterly earns tomorrow. the division includes game products. but disney is likely to continue investing in the video game and toy line known as infiniti. >>> practice rounds are underway this noontime

the dow is up 51 points right now. yesterday's selloff being prompted by weak manufacturing data. w orders fell 1.5% in december. that is the largest decline in some five months, but beat expectations and when you strip out the volatile transportation sector orders rose. jcpenney reporting a 2% increase in sales. this is the first quarterly sales gain for that company since 2011. jcpenney's rival wal-mart is adding stores north of the border. it will build 35 [ technical difficulties ] >> reporter: from his dining table in elk horn, iowa, rick burns has been formulating a plan for helping the afghan people help themselves. >> these are not people that i was -- that i was just interacting with. these are people that i consider to be friends. >> reporter: he spent nearly three decades in the army as a civil affairs officer. he said he has seen the problems of waste, fraud, and abuse firsthand. >> we have not gotten it right when it comes to the develop piece of this thing. we tend to think if we spend a enough money we'll fix the problem. >> reporter: as of september of last year, th

. >> the selloff we have seen in 2014, everybody has been saying don't you think that's correlated with the fact the fed announced a tapering and now we'll get an inclining the might slow it down and then a rally. >> they want their fix. special guest next week is saying that. that aforementioned guest, one of the most powerful businessmen in the world, but carl icon had something he wants to get off his chest and it's so important he is coming here to do it. live. we go long with one of the richest people on the planet because forget about the cover of time magazine, this corporate raider wants to make it clear oregon this show he is fed up and not going to take it anymore. he i angry at everybody, and you're a billionaire you say and do whatever you want. but he wants to say it here, and you will not believe who he is setting his sights on. republicansed, you better hide. democrats, better hide. fat cat ceos, hide. other at national news networks? better hide. >> from the butt of jokes -- >> the worst thing about losing this job? i'm no longer covered by nbc. i have to sign up for oba

that is the sense in the market. more selloff expected. outflows are showing no signs of abating. we saw stocks, currencies from developing nations rise this month. that is probably just hariri. here is a look at the fallout so far. $4.5 billion withdrawn from funds last week. that brings the total for the billion. shy of $30 for all of 2013, the amount was $29.2 billion. take a look at the msci emerging markets index, down 4.5% this year so far. short sellers increasing bets, em stocks will extend their decline. retail investors led the exit. they are joined by the more visible institutional type investors. larry think of blackrock says emerging-market assets are looking pretty cheap right now. they are still concerned. slowing china, trade deficit in turkey, the fed tapering also weighing on investors sentiment. >> we talk about emerging markets, we have got uncertainty in thailand. out.h numbers are >> to a large extent, expect a slowdown, says the world bank. the prolonged political unrest will impact investment and tourism and disrupt

unrest has shaken ukrainian bonds, the worst selloff on record. the nation's currency weakened against the u.s. dollar. detroit and silicon valley are locking horns. we will explain why after the break. ebay and paypal, stronger together, or are part? we will speak to john donahoe, and we will talk about carl icahn's attempt to split the company. ♪ >> this is "lunch money" on bloomberg television. you can also watch us streaming on your tablet, phone, and on bloomberg.com. icahn hasnvestor carl been pushing ebay to spin off its paypal unit. he said he said separately companies would boost value. this whole business about the divorce between business and , i think, is hurting us greatly. in the big picture, not , we have done a lot of work on ebay and believe without question it is a no-brainer that paypal should be spun off. >> he may have work to do convincing the ceo, john donahoe. this every year, how ebay and paypal can be most successful. the board and i continue to believe that the best way would be together. ebay makes paypal stronger by mak

>> it was the genesis of the nasty emerging markets selloff we had going back. e s&p. people obviously have this knee-jerk reaction to going back to the late 1990's. that is not going to play out unless there really is a serious type of contagion, which i don't see happening, although i will say that ukraine is definitely an interesting area to focus on. obviously causing a lot of volatility in eastern europe. existing home sales will be due out in a few minutes. what is your take on the housing market overall? you say utterly bad. >> i don't know about utterly bad, but schools are closing in chicago not because there is snow but because it is 20 below zero and they have to. i don't think it is going to be very robust number. i don't think that is hiding anything right now from the u.s. economy. isll the bias in the economy probably to the upside and the fed will confirm that in the next meeting in march. >> the housing recovery is still on track or losing momentum? >> probably losing a little bit of momentum, but not materially in the sense that it will affect a

part of that is linked to the selloff on wall street. part of it is linked to that weak ism data today. silver also has a gain of 1.5% but copper, platinum and palladium are basically on the downside fractionally. let's go back to the floor of the new york stock exchange and bob, we broke that 2.6 point on the ten-year but the transports are really getting killed today as well. >> the lowest level in awhile on the ten-year breaking 2.60. we are at the lows for the day. important thing is take a look at the s&p 500. once we broke the ism number, it came in disappointing 51, they just sold off immediately on that. it's full of references to the poor weather. one guy responded, said we experienced a lot of late deliveries during the past week due to the weather shutting down truck lines. that was a plastics guy. same thing with car and auto sales. gm, ford, toyota, all said severe weather was hurting sales. you see they are to the downside. here's what's interesting. look at the major indices. normally, you will see a relationship between th

i don't think the selloff is over. we probably have to test below 1700 on the s&p 500 to get any buying back with any real volume. >> do you agree, edward? >> actually, i respect craig but i think that we are kind of getting close to this correction. the reason i say that is because if you take a look at history, you typically don't go from a bear market, a bull market, i should say, an extended one, into a full-fledged bear market in the span of one month. you typically see a topping process either in the form of a narrowing participation or we haven't seen those bread crumbs of late. as you get closer to 1700 on the s&p, it becomes a fairly good level to be more aggressive with equities. >> what would you be -- where would you be allocating cash right now? i ask that because it seems as though the bond market is also trying to tell us something, breaking the 2.6% level on the ten-year, then we moved back up. the trade for 2014 was supposed to be higher interest rates. it's not. we are getting lower interest rates. >>

. >> i know, decidedly more positive to counter the selloff we had just days before. e cap sectors higher to close out the trading week. health care led the way, up nearly 2%, followed by industrials, technology and materials. shares of athena health surging on their better-than-expected fourth-quarter earnings and revenue saying its network of physicians also expanded by 28%. expedia shares hitting a record high on the heels of strong quarterly earnings, up more than 14%, subsequently leading the s&p 500. other airline travel agencies rose. they're all up. just yesterday, twitter investors were so concerned about slowing user growth that shares sold off 24%. but today was a brand-new day, shares closing up 7%. but it's a social split with linkedin plummeting on news that they're projections are falling below wall street forecasts. >> i tweeted three times today. >> that's something. >> thanks, courtney reagan. >>> after monday's plunge, the index closed higher for the week. the world is not coming to an end. in fact, i suspect buying on the dips may be a very good str

the company is taking advantage of buying after the selloff. a criminal leak of information. they are speaking with regulators and customers. customers files were taken. barclays says that the bank is taking all necessary steps to contact clients. will deliver her first testimony as the fed chief and we will get the bank of england inflation report on wednesday. that will take center stage. we are live now. >> thank you. andard guidance is dead long-lived forward guidance. this is going to give you, me, the businesses, a sense of what the rates will be in the future. you have not seen them hitting the unemployment fresh -- threshold. 0.1% from the respective threshold. has turned out to be nothing but dead wrong. if you say that rates are going to stay lower for longer, this is really not the way to do it. repeat after me, it is a threshold and not a trigger. do what you say you are going to do. uses to assess rate policy. there has been talk about doing this for quite a long time. this raises a credibility question. is beyond thetion headline

>> for the past four days we have been running in the morning for a selloff. row we have failed on that record. there is this wall right around between the bulls who are saying that we will get a combination on the economic data and, later on, we just need to keep pushing stocks higher and other people saying not to push the stocks so fast, that we are going to go much lower, that this is just a part of the process. >> you say the bears are getting hammered right now. back in january, six percent, at that point hedge funds were at their highest levels since 2012, now they are getting bruises? >> exactly. they piled in when the s&p 500 was not selling off. they kind of got the timing wrong on that. in february the market had already recovered. 5.8%, whichwas at was amazing, if you spoke to anyone out there. it was an incredible speed with which the market recovered. one of the fastest market when you look at the 19 selloffs of the bull market. rebounding in the market by nine weeks. >> that is a lot quicker. >> much quicker than nine weeks. >> it bears arguing,

. >>> the big selloff with the stock market today. the dow fell another 326 points.sts point to a disappointing forecast from the manufacturing industry. >>> a major winter storm is dumping snow on the east coast. >>> details from the will of nelson mandela have been released. 4.1 million usd will be divided. his widow is expected to wave her right to the money, and his wife of 38 years is not listed. >>> talking cars could soon be required by the government. vehicle to vehicle communication should be in all new cars by 2017. it would allow cars to exchange speed and position to avoid crashes. those are the headlines. i'm richelle carey i'll see you back here at 11:00 pm eastern, "america tonight" with joie chen is up next. check out our website at aljazeera.com. >> on america tonight, our in depth look at crime and punishment takes us inside america's biggest and stuffest yale. is justice being served here? >> his highs were black and blue and shut closed for a month and his ankle was broken in four different places. >> that's not punishment. >> that's brutality. a

that is likely to keep the selloff a little bit under wraps .e going to see lower yields over a longer period time. it will be gradual and we will not get up to precrisis levels. what is your outlook? how do you interpret the noise at the moment? we call it the new normal. it is a different kind of cycle. financial conditions are different to read 2008. there is a lot of bank of england talk. they have accepted the forward rates and have given up on the forward guidance period. now is towant to do try to say, we are not going to march all the way up to 4.5% as in the old normal. the neutral rate to be much lower. if you start with low levels of you can adapt to lower levels of interest rates. to thing you can march up to a theer rate is possible, but baseline is that they would want to go slower. see how it goes. chatter,of all of this excepting the forward rate, it is trying to guide down expectations of where they might stop. they do not want a big rise in guilt yields. think looks ok. the market is pricing in a high buyback in march of next y

. >>> we are also watching shares of weight watchers because it started last night, the selloff.e getting slammed. they are down 26%, losing a quarter of their value today. why, you ask? josh lipton is looking at one red-hot area of tech that interestingly enough is having a major impact on that stock. josh? >> reporter: yeah, sue, it's wearables. why attend a weight loss meeting if you can download a free app or get all the information you need right on your wrist. we will have that story coming up next. i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. instead of paying too much for an ipad, i got the surface 2. first of all, it comes with office and outlook. then, with free skype calls to phones in over 60 countries, i can talk

i think in the general emerging markets, with the selloff you're seeing some really great buys in placesvenezuela, two year duration, one year duration, paper north of 20%. >> thanks for coming in. >> no problem. >>> back after this. let me talk to you about retirement. a 401(k) is the most sound way to go. let's talk asset allocation. sure. you seem knowledgeable, professional. would you trust me as your financial advisor? i would. i would indeed. well, let's be clear here. i'm actually a dj. [ dance music plays ] [laughs] no way! i have no financial experience at all. that really is you? if they're not a cfp pro, you just don't know. find a certified financial planner professional who's thoroughly vetted at letsmakeaplan.org. cfp -- work with the highest standard. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shi