munster, josh brown ceo of rid holtz wealth management and mike murphy, also with us today, is tony dwyer chief strategist at cancord genuity. stocks off their worst week in more than two years and the market making investors more jittery they've been in an awfully long time. our question today, are things about to get a whole lot sfwhors the drop in oil, cyclicals, small caps would seem to suggest they might. so would a spike in volatility. what's the best way to navigate all this. josh, i think the most important chart to watch today is the one we're going to put up and that's the russell that has concerned me the most for the longest period of times because the russell since july has been rolling over. >> yeah. >> small caps today in the face of uncertainty all over the place in the market, are. >> there is an argument between -- >> i'm not trying to do that. if it sounds that way it's not my intention. stability in the small caps you stem the tide. if you don't you have problems. >> i think it's possible. i wouldn't argue against it. way too many other factors to say that's the one an

we'll talk to tony dwyer about his playbook right now.g this dip or is he running for the hills? why top tech investor paul meeks says the sell off in chips could get worse. earnings season again, big bank names on deck. we'll talk to a topped ranked analyst who will reveal the three fwhanames to buy before t reports come out. see you in a bit. >> thank you. >>> the news of an ebay paypal split applauded by many including paypal co-founder peter thiel he joined "squawk on the street" and here's what he had to say. >> it makes a lot of sense. when ebay acquired paypal in 2002, 75% of the payment volume was on ebay. went down to 50% by '08, down to 25% today. the companies have naturally diverged. it makes sense for them to spin it out again and for paypal to be able to focus 100% on building good payment system. >> it may be apple pay launches this weekend, we thought it would be two or three week's time. it's getting a more competitive environment. what happens to paypal within that? i mean it is a product of the merger you did with x.com