you look beautiful. >> you do. >> wow. mom, what do you think? lways. >> thank you. >> but today with a little -- do you love your little jacket and your whole thing? >> and what about the new backpack? is that cool? >> louis, will you tell us what you did to this already beautiful jalissa. >> she has the most beautiful hair ever, number one. all we did was give her the most simple blow-dry, moved the part from the center to the side which is, again, a little bit more flattering. you're always gorgeous just like hoda said, and we just made a beautiful girl hopefully a little more beautiful. >> are you happy? >> and tell us about her clothes. they're so cute. back to school. >> i stole her last night and we went on a secret girls shopping trip. >> oh, she wants a hug, too. >> at old navy. >> group hug. there you go. everybody's in. you want to get in, too? you want a group hug? >> do you want to hug hoda? hoda gives good hugs. no? what about me? i'm nice. no? >> anyway, i want to thank old navy for letting us come in and go or a major shopping spre

if you look then at the futures curve you see we're still in con tango.il pegged to later delivery dates is a little bit more expensive but not by much. this is a sobering notion. you don't see $60 per barrel wti again, sarah, until 2020. >> wow. that is pretty bearish. kate kelly, thank you very much. especially on top of the goldman sachs note that got a lot of attention. carter, you're looking at one name heavily dependent on oil prices. >> airlines, but singling out delta. there should be inverse relationships. here's the setup that appeals to my eye. this is delta juxtaposed to crude oil. a period of weakness in crude and you have strength in delta. then the reverse. a little bit of strength in crude and weakness in delta. what's happened just of late is we know crude has bounced 25% off its low. this time delta did not react inversely. in fact, it was quite strong. this looks to us to be the setup of something is changing with the dynamic of the past year. let's look at a few charts. for starters, we know that delta, which is a component of the dow

steve, what are you looking at? >> i will tell you what's counterintuitive, that's going to be the word of the day. because if you look at this bar chart that i have right here, if i would have told you this a week ago you would have said i was crazy. utilities have rallied 27%. the year that the fed started to enter into a raising rate cycle. what else? energy. i understand energy because you figure growth is important. you figure the economies are getting going. but what's more important is if you look at this, that's against the backdrop of the s&p being up 11%. that's important. you have here 2 1/2 times what the s&p did. you have three times what the s&p did in energy names. so just to broaden this out a little bit, let's just look at the whole cycle. from 2004 all the way to 2006 this is the fed funds rate in blue. this is utilities right here. all the way up. it tracked it. step for step. you wouldn't have bet on that a couple of weeks ago, couple of months ago. utilities are your safety bet under the radar. >

you look so betil. are you ready to take a look at yourself? turn around. you look beautiful. look at camera 12. kleenex. hit me in the face. sohat do you think, guys? >> nobody can talk. louis, what did we do? >> what i did is, again, she had her hair her natural color. i made it a little bit brighter, lighte this was done with a single process color. it did bring out the natural nuances. they're subtle but definitely there. it works well with the skin color and then a very simple haircut by igor. notice swepto the side bangs which looks sexy on everyone. >> and the dress was made for her and her body and the lor.co how awesome. we want to thank selma inter imates for everything else >> all right, mish, come over and join. a big round of applause. >>> coming up, a couple of cute kids get new looks for backo school and they're ready to suir nts. >> and want to see how the makeover magic happe >> we'll take you behindhe t scenes witour crack team after this. tracfone presents "how to makeour smartphone smart." step one: brg us your 4g lte smartphone and keep your network and ern

you do look amazing. thank you so much. [ cheers and applause ] well, i'd have to say that we've proven that derm exclusive's fill & freeze really does turn back the hands of time and give all of us younger-looking skin in just minutes. and here's the best news. everybody watching -- you at home and all of you here in our studio audience -- is going to get fill & freeze -- this is a $60 value -- for free! [ cheers and applause ] here's how to get yours. >> announcer: that's right. call the number on your screen right now and order to get a free $60 tube of fill & freeze, and see your own amazing instant results like these. >> the fill & freeze is an immediate fix. it's filling up those lines that i have on my forehead and between my eyes. it firms everything up, and it makes those fine lines disappear. >> in 15 minutes, i see a whole new me. fill & freeze makes everything firm. it tightens the pores. it gets rid of the fine lines. [ laughing ] i can start smiling again. >> announcer: you could pay hundreds

in fact, you saw globally. look at london. my gosh. lot of city centers around the world, you have seen some insane property prices. low-inflation is not going away. wish as we want, it is not going anywhere. tom: let's come back and address inflation in the united states in a moment. in our next hour, we need to look at the thinness of the markets. bart chilton is knee-deep in the reality of regulation. our children will join us. stay with us. ♪ great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. tom: it is the dome restoration project. they are taking lead out of the dome. they are going to fix it, fix the cracks, al

why do you talk about the way women look so much? it's not presidential. >> here's another one. >> you said look at that face. you said look at that face. >> i will say nice things about you so he says nice things about people. >> i'll take it. >> the fact is that carly fiorina has had a terrible past. she was fired viciously from hewlett-packard. the -- >> but then you should say that. >> a highly-respected man wrote a paper that was one of the worst papers on ceos. she goes down as one of the worst ever. the company practically -- excuse me, chris, wait. thousands of jobs gone, stock prices that still haven't recovered. it's a total disaster but still hasn't recovered. they are trying hard, but she was a disaster ceo. she had a company before that called luscent in my memory that was worse than hewlett-packard. she then gets fired from hewlett-packard and runs for the senate against somebody that could have been beaten easily, she loses in a landslide and now runs for president. now, when i said that and "the rolling stone" article

he is looking at it from an investment perspective more importantly, when you get 13% of -- 15% of the startups in silicon valley are done by indians, he is looking at this about bringing the same environment india himself. brendan: step one in rolling out a digital india will be putting in the necessary infrastructure in place right if you look right now, 85% of the people in india do not have access to the internet. how can silicon valley help him do that, roll out the very expensive infrastructure? guest: 85% of the population does not have access to the internet. but when you look at what it was three years ago to where it is now, india has 100 million plus users to 300 million to the last three years. i think there is an exponential growth taking place among the user base. the challenge is trying to come up with a technology which does not look at the old form of delivery of broadband to 660,000 villages in india itself. i think we have to be creative. we have to look at some alternative way to reach out to villages. i think is a challenge, it requires a lot of investment, a lot o

if you put the chart back up and look at the bottom, you will see a double bottom. bottom, see a double you have to ask yourself one thing, is there liquidity pressure so much that it will drive the bottom down to a new level low, or will that be the sign that says injury now -- enter now? buy so you are saying stocks now? by halloween this market will turn and goldman may have to take -- joe: i love that he put a date on it, we hear somebody vague productions. you are saying that we can come back on november 1 and ask this. scarlet: we booked you already for october. everyone is obsessing over the fed, whether it will move in october or november, has not really reduced the balance sheet and will not do it before the rate increase. do you think it matters? david: i do not think it matters. i heard about the rise in the balance sheet. bernanke made it clear, we can take the balance sheet up, down, take the duration long or short, and we can change short-term interest rates independent of each other. this is a new policy construction. he also said something else. he s

everywhere you look, it strategy is now business strategy.? p you accelerate down a path created by people, technology and ideas. to move your company from what it is now... to what it needs to become. >>> breaking news tonight, the white house saying it is actively considering arrange i responses to the refugee crisis. thousands of people fleeing syria and across the middle east have been flooding into europe. now a new fear that terrorists could be hiding among those refugees. barbara starr is "outfront." >> reporter: more than 360,000 refugees have crossed the met terraini mediterranean, more thn 10,000 stuck on this greek island, another ship arriving with tales of death and fear. >> we come to small boats. so difficult, it means hundreds about 99.5 is dead. >> reporter: and then another harrowing journey to a final destination. thousands hoping to make it to austr austria, germany, france or the uk on foot, trains and buses. but growing worry about the unintended consequences of opening boaopen ing borders fleeing war and isis. the risk to

you got this. >>> >>> welcome back to "options action." we'll lookwhat's happening with large cap technology stocks because it was the s&p 500 sector that performed the best over the course of the past week. you can see there versus energy, a big disparity and the s&p 500 overall. but technology certainly an outperformer. now, if you take a look at some of the bigger, at least movements within the technology stocks. take a look at some of these names. large cap technology wise. facebook shares up 4%. sales for a huge focus here next week, but we do have what is happening, guys, with dream force coming up next week. that's their big developer conference. apple shares up 4% and oracle, as well. if you talk about large cap technology, we did see some dip buying in a lot of these larger blue chip-type names. interesting trade to watch, especially with what's going on here with the overall market. back to you, sarah. >> a lot of news, especially from apple. thank you. >>> dan, you are looking at an apple trade here. >> apple we know started selling off be

alix: you are looking at technicals. you gave us a chart on the 10 day advance on the decline which shows an oversold condition. we can be oversold for a long time before things snap back. what does the data show when it comes to the time horizon? guest: the 10 day line has gotten polarized. alix: what is the 10 day line? guest: every day you look at the s&p 500. you add up the last 10 days. when you have a very high positive number it means the market has been rallying. it usually refers to the mean. when you have a negative level eventually it reverts to the mean as well. we looked going back to 1990 where we saw oversold levels. what is interesting is what we have seen here, when you look at the extreme level last monday, going forward in the short term you see mixed returns skewed to the negative. it is a big earthquake here. the market is in chaos. over time you have aftershocks. things settled down. look out the next week, slightly negative returns. better than average for compared to all periods. you tend to see bi

you look to china and sea the weakness there. ously there's a lot of reasons and pause for concern. maybe we push it off a little bit longer. >> is it time to look for opportunity? is the market flush or whatever you want to call this volatility over the last few weeks or so. nearing an end? buffett saying in the third quarter they bought more ibm. is this the time 0 to look for deals in the marketplace? >> yes, but with the important qualification, i'm not sounding a bell here that we're off to the races. what i am saying is that this volatility is an opportunity, if you had cash on the sidelines, this is a great time to be buying. and over the last two weeks, this volatility is probably going to continue at least for the next few weeks. if you've got stocks on your watch list, you nibble at them now. you establish a position in them. you can add to them later on. this is going to be a great buying opportunity. >> maybe josh sentiment is starting to get off the schneid. barrons saying stocks could go higher, a note this morning f

when you look back at it, you can hardly see it from the data. with that is that they sometimes come when everything else is resilient. everything else is not resilient now. there is still a lot of financial market uncertainty. still a lot of fragility. we can see that. there is still in enormous concern about what will happen when the fed raises its rate. how, we are also worried about liquidity that a small rise may affect. guy: would you be voting for a rate hike now? would you be saying, let's wait back and see how this develops? kate: i'd might sit back and wait and see. the american economy is pretty strong. there is a good case for rate rising in the u.s. putting it off will not make the tensions easier. guy: you can make the argument that unemployment is at 5%. wages are rising. are very low. we never thought when we cut rates that they would stay low for so long. guy: it is going to be interesting to watch. it depends on what seat you are sitting in. you have had a seat at the mpc. they are very comfortable to go after the fed. what isu

if you take a look, average shipment per workday. how much is actually moved .round the country down by 1% it is showing weakness in energy and when a truck goes up with goods that maybe you and i both purchase they are not filling. that is a sign of the global economy and what is happening in the u.s. joe: oracle earnings are out. let's go to julie hyman with the julie: coming in at $.53 a share, ahead of estimates. like so many we have heard from it sounds like the currency of rp thans more sha anticipated. the $8.53 billion that had been estimated and it looks as though that is indeed a currency issue. the company without its cloud business, that is still a small part of oracle. one that analysts are looking forward to be a growth engine. the company says total club revenues were $611 million, up 38% in constant currency terms. obviously you will have a currency negative affect there. the company does plan to double the cloud margins over the next two service cloud margins. it is also on target for $1.5 billion and $2 billion in ne

if you look at a chart, and you look at china, a six or seven month lead time. down 20% as china was ramping up. that is where i want to see stability. >> freeport macmaran makes the -- >> so you're in the grasso camp. >> yes. i understand what they are saying. i want to go to consumption. but freeport macmaran and mckhan can't get out of the way. and carl ikan announced a stake and immediately trading $12. guess what now. the stock is below $10. he can fix many things but can't get people to buy the stuff they make. i think it goes lower. >> coca-cola going lower today. and could expectations fall flat. we'll break down the trade. >>> and a stagger drop in ratings for one key demographic. a top analyst will explain why some stocks could head for a blood bath. and later, a rare cosmic event that could set us up for a series of lucrative trades. much more "fast money" right after this. ctive management can protect capital long term. active management can tap global insights. active management can take calculated risks. active management can seek to outperform. be

if you look into the future, you make decisions without knowing. think there is a higher power that holds everything together, believer, but not a religious person. religion, theh problem is if you are too extremist, then sometimes religion can divide people. this is something that i think is a danger for our society today. host: what about your mother and grandmother? were they religious? ms. teege: i think both no. they were not. host: your grandfather, i assume. ms. teege: he grew up in a catholic household, but it was not a household where they practiced religion on a daily basis. host: in 1990, you were in paris for a year where you met jewish friends, and in 1991 you went to israel. did you graduate from the university of tel aviv? in what subject? in hebrew it is [speaking hebrew]. host: that is interesting. what is it in english? ms. teege: i have been to africa several times. at nigeria. my father's family comes from the delta, even the heaviest -- embassy said it is maybe not such a good idea to travel there. i will go when it is more qui

you do? going to take a poll now. >> i am reminded of it. i have solar and look at the electricity bill for the sheer joy. >> you may be the exception. a lot of people don't look at electricity. >> we look at phone bills and decide who is using the most data and i used to be the low end now i'm at the top and getting a lot of grief. when it comes to electricity, i get -- >> a lot of consumers don't check it out too much. it depends on how the bill is. if you live in hawaii you check out your bill. it's five or ten times more expensive in hawaii. that's one of the reasons, a lack of attention. we don't have actually an industry figure like elon musk, but i think it's an exciting story. you know, last year if you look at generation of electricity, all of the new generation put in place, 30% of -- a third was solar. it's moved up. this year it will be half. >> also an industry that has a lot of impact from politics. who do you want to be president? >> you know, i won't get into that as much but i can tell you just down at the solar power international, big conferenc

you look dashing. >> thank you very much. >> seth: i love the suit. tions on your new show. not this is a show about a family, but it's sort of an interesting premise how you approacj it each week. >> yeah, it's it's a show about a multigenerational family, the grandparents, the adult kids, their kids, but the story is told through four short stories. so every week will be a short, little film that's told with a beginning, middle, and end about one family member, and the next one and the next one and the next one. it sort of paints a larger picture of this greater family. >> seth: that's fantastic. it's an excellent cast. >> it's an amazing cast, >> seth: really good people. and there are some things in the show they have borrowed from your life. now, for instance, driving home with your daughter? >> yes, before we shot the pilot, we had a little preliminary meeting, and i told this story -- it was just a story about when my wife and i, we drove our first born home from the hospital, we basically cried the entire time. they were tears of joy. >> seth:

if you look at the u.s. and 1% of her gdp is trading with china , it' s hard to believe that that is going to drive how we do. there are a lot of crosscurrents, that creates opportunities. i think focusing on near-term fundamentals, which seem fair to good -- and labor market that continues to add a couple hundred thousand jobs every month. anthony: is a recession on the table for 2016? if so, that will have significant impact on the credit markets. steve: historically, the credit markets have led the equity markets out of recessions and into recessions. right now, the credit markets are genuinely very strong. gary: a bond investors, the saying on wall street is bond investors are smarter than stock investors. is that true? steve: not at all. my guess is that' s from bond investors. anthony: we have to get equity investors on the show too. gary: what is the bond market saying that different from the equity market? steve: i think what the bond market is not as concerned about the direction of earnings. i thin

>> ultimately, if you look at history, they are turning toward profitability. the market wants to see growth. they want to see that you have control. they want to see who will continue to get revenue. emily chang: i want to turn to uber, who are facing a class action lawsuit. that is from drivers in california. this is another twist in the tussle between them. statement from the company, while they say they are are onlyised, they going to satisfy a fraction of the case. indeed, one of the three main plaintiffs will not qualify. they will appeal the decision and there is no typical driver, the key question at issue. how big of an issue is this? they are a multibillion dollar company, they have other problems to overcome. fors probably not great pr them, especially when they're questioning if they should be going public or not. overall, they are growing so fast that it seems like a thing they want to ensure. -- they want to mature. emily chang: when it comes to uber, how does the shakeout play out? for companies that are well funded? >> the big thing is, if you ne

it is one of the minor bright spots as you look across capital markets and look for where positive total returns are being preserved. as you point out, credit markets are under pressure. you can see it in high yield, investment-grade come across the board, credit spreads are wider, bond yields have gone up dramatically, and an increasing number of issuers are having a harder time accessing the market. big numbers would not suggest that, they would take you the market is wide open, on track for another record year of on is humans, but if you look at the underlying components of the market, there is a very clear segmentation of the house and have-nots. if you are a good, healthy company was stable earnings, you can brawl is much as you want. as soon as you show weakness or a credit problem or managerial problem or a rating issue, the markets will push your borrowing costs dramatically so you can't borrow, or they might shut you out altogether. joe: what change? why the credit pressure? >> credit conditions have really tightened, starting to years ago, but since then it has been a slow-movi

why do you talk about the way women look so much? presidential. >> here's another one. >> you said, "look at that face." you said look at that face. >> i will say nice things about you so he says nice things about people. >> i'll take it. >> the fact is that carly fiorina has had a terrible past. she was fired viciously from hewlett-packard. the -- >> but then you should say that. >> from yale business school, a highly respected man, jeffrey sodenfeld, wrote a paper that was one of the worst papers on ceos. she goes down as one of the worst ever. the company practically -- cratered. excuse me, chris, wait. thousands of jobs gone, stock price gone. still hasn't recovered. a total disaster. still hasn't recovered. they are trying hard, but she was a disaster ceo. she had a company before that called lucent, which in my opinion, in my memory was a worse catastrophe than hul hewlett-packard. she then gets fired from hewlett-packard and runs for the senate against somebody that could have been beaten easily, she loses in a landslide and n

ok: it is very confusing, if you look initially at what they were looking at was the theoyment situationn cross index. all of them are getting to a stage where it is time to begin to think about doing something because if you don't it is a week indicator. side, look at the other they keep an i on the inflation rate. the fall of the commodity prices, that continues falling, then the stronger dollar has an impact on inflation. they are not making that's target, but i think the economy is in a far better shape. it is time to begin the journey of normalization. of course, the onset in china and emerging markets is cause for caution. mark: did they need to add on this extra layer of uncertainty by citing china? yes, because you had cause from the imf to be more cautious and think about the second and third round impact. indebtednesst of for the next five years, in europe they headed back into the dollar as effectively. that will cause a lot of increased volatility, and we're talking about constantly emerging markets that will drift down at one of the faster paces. we offer more difficulties f

you look up and you see the sky, you look down and you see the ground. it is crazy. for me, probably nottest best thing -- not the best thing because i get motion sickness. >> you have a weak constitution there. >> yes. but you could norse how this could be huge in the medical field an the sports arena and in a nur of nids it will -- industries it will catch up. >> and mark zuckerburg said this is the next screen or the platform. >> he wanted the world to bond and shrink the world and that is what this will do in every way, shape and form. >> this a reason to buy facebook? >> i think that is it is probably not a reason to buy facebook. there are reasons, but this is not the one reason to buy facebook. but they have a couple of good announcements recently. today they talked about the instant articles. that is incredible. a huge opportunity. that people are giving it little credit for. >> it is a cheap shot by zuck, i think, in terms of the facebook trade, this was a cheap shot. he's done well with the cheap shots, including instagram, that you talked about today. and

and it could be because when you're looking for a job and you go around and you look and you look and you find and you want to work and you want to take care of your family, and then you can't get the job, you know i talk about because you're shaking your head, and you can't get the job, essentially for statistical purposes you are considered employed. so that i read every time it comes out, i hear 5.3% unemployment, that isn't the biggest joke there is in this country. that number is so false. people ask how, trump is doing so well, and carson and others, how come -- you know wipeouts because people are tired of illegal speak. they are tired of the. the worst example of it, one of the worst examples is a phony unemployment rate. the unemployment rate is probably 20% but i will tell you, get some great economist that will tell you it's a 30, 32. the highest i've heard so far is

i mean, you look at the polls in iowa. if you take the people who are at 1% an enthe people at 7%, it's vast majority of the candidates right now. i mean, that just shows how good the field is, not how poor the field is and difficult for everyone. i think in some sense they're all long shots at this point. >> there was a suggestion from shawn spicer in an interview the other day there's not an undercard debate next time and instead just interviews and you can read beneath the surface there and it sounds like an attempt to sort of rush people off the stage and out of the debate. do you think that interpretation is correct and if so what would you do to push back against it? >> i saw the comments and i think that is how a lot of people interpret it. it's a huge mistake at this point to say, okay, two debates, sefrg settled. do you know how many debates there were last time? rick santorum was in 23 debates and the rnc said we're going to narrow it down to 10, is 1 debates. okay, fine. 23 is probably too many. everybody got tha

if you look at consumer, u.s. consumer is the brightest spot and the brightest economy in the world. up until two thursdays ago, they were doing well. when you have the cascading sell-off that is technically driven that they get shellacked as well. those are the two sectors you want to leg into. we could see lower lows in the near-term. >> jack, have you had trouble keeping your head in the last couple of weeks. people admit it is to see you print down 1,000 point us and look up at the board, i know how much that is percentage wise or today it looks weird, down 400. how are we going to close first day of september? is it difficult psychologically or you ignore that kind of noise. >> when we have sell-offs we take a little hit, we can sit back and thoughtfully evaluate where there is opportunity and where there isn't. since we don't have china exposure or exposure to oil or areas suffering from emerging markets, you can sit back and pick out where the technical dislocations are occurring. >> jack, anything to worry

you have to look at does the income pay? you have a situation where an educated population, the single most important factor, is what does it cost to have an educated person? next factor is indebtedness. they have less capacity to -- we have surveys of work attitudes like different cultures have different work attitudes. and alaces live to work places work to live. so there is a cultural -- i am not saying one is better than the other. but you can take surveys about it. tom: so, what is your prescription? we did not even know it was coming. the radel yelp -- ra dalio prescription for a better america? ray: four for a better world. there are various factors, but they are clear and the art in the study. and they arelear in the same study. there is a 50% correlation between corruption and economic growth over a ten-year timeframe. into --e go productivity is going to be the single biggest factor. how are you going to make people productive? the biggest factor for a number of countries is do people feel the consequences of their

you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline, a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. maria: 31 of 32 nfl teams know who their starting quarterback will be, the team that doesn't, the new england patriots whether or not tom brady will be suspended, want to talk about fantasy football and bring in the ceo of can joel, good to see you, thank you for joining us. how do you see this? what impact is this uncertainty around tom brady having? >> it is tough, you don't know if you will play in those games so that makes the problem, you look at a backup quarterback for those games but on daily games it is flying, and going to fly off, you may want to pick him later this season. maria: how do you see this from your

i mean, you look at the polls in iowa. if you take the people who are at 1% an enthe people at 7%, it's vast majority of the candidates right now. i mean, that just shows how good the field is, not how poor the field is and difficult for everyone. i think in some sense they're all long shots at this point. >> there was a suggestion from shawn spicer in an interview the other day there's not an undercard debate next time and instead just interviews and you can read beneath the surface there and it sounds like an attempt to sort of rush people off the stage and out of the debate. do you think that interpretation is correct and if so what would you do to push back against it? >> i saw the comments and i think that is how a lot of people interpret it. it's a huge mistake at this point to say, okay, two debates, sefrg settled. do you know how many debates there were last time? rick santorum was in 23 debates and the rnc said we're going to narrow it down to 10, is 1 debates. okay, fine. 23 is probably too many. everybody got tha

what are the things you look for? vest in high-growth around the consumer story, particular the around insurance. why do you see the opportunity there? does it have to do with mobile phones? there certainly use in the opportunity. jim: that is one of the areas. but the primary area is just the emerging consumer story. so you have these as i mentioned vast numbers of people that are buying insurance for the first time. and we have one absolutely extraordinary business in our portfolio. which uses mobile phones to sell insurance to low-income consumers. it is have absolutely tremendous growth. in the last year, it is now grown to 80 million customers. growing a rate of 750,000 customers among. we are seeing really extraordinary growth and opportunities using mobile technology. anna: colin, is this beyond your risk appetite? colin: we do believe markets like india -- and because of insurance, whether a modest program or a bank defense will make it easier in an interesting market. jim: very much an interesting market. part

you really have to take a look and understand the way these races are. the first thing you have to understand as there is not one primary right now are not one caucus. there are many. different people are running against different people. shannon form is probably running against huckabee to some degree and maybe cruz is running against chris christie. nobody's going to win this race by getting 50% and states. they will win by getting a lot of 15% and 18% so you start running a race that way and it looks different. i've been involved in last four presidential races. i was with rudy giuliani and i can tell you is the strangest experience of my life because we would sit in our war room and see all these places were rudy was up by 15 points and nationally up by 15 points yet we knew he was going to have a lot of trouble because he wouldn't be conservative enough for republican primary voters. everybody has to take a deep breath and understand this is unlike any other election. it's like those races on steroids. john mccain probably came this close to getting

>> this is what innovation looks like. >> scientists reveal cutting-edge technologies... >> you can look beyond the horizon and extend your reach. >> that could avert disaster while helping save the planet. >> i feel like i have a front row seat for some very dramatic changes. >> bank. >>> well if you think a degree in science engineering or maths is not safe. think again. the skills are considered totall totally hot by wall street firms. they are mathematical formulas generating huge profits and controversy. the people that write them are quantitative analysts or quants. some colleges are training the next generation of traders by offering degrees in financial engineering. to better understand this phenomenon, go back to 1984, a colt movie called "revenge of the nerds." >> movie reel: nerds >>> in "revenge of the nerds" maths and science students are pictured as dweeds, tormented by the jocks. back then the nerds under the power of computers that they could leverage to their benefit. >> movie reel: what's your name >>> that was 30 years ago. >> the matter of high frequency trading is a

if you look at yahoo! underlying valuation, we went through this yesterday and you're going to have to do your own work, folks. but if you look and price yahoo! based upon the current share price of baba, yahoo! japan taxed at 39% and the core business trading at 5 1/2 times ebidta you've got a stock worth 22, $23. for a stock that's beaten down by baba and we just heard why i think baba's worth owning i'm long the stock. clearly i'm long both of these names. it's not been a pleasant time. but the valuation of yahoo! looks very interesting. >> coming up next, today may have been all about apple's new upgrades, but we've got five other ways to profit from apple's big day without ever even having to buy a single share of apple. plus what's next when the old adage sell in may and go away works? a look at the sectors that perform best and what to do next with your portfolio. much more "fast money" right after this. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your

when you take a look at the volatility we have seen and you take a look at commodities and currencies, all across the board, the spike in volatility really is what some suggest the fed should or might be paying more attention to into the rate hike. what you see is the to 50.78 on august 24. since then, we have been trending lower for the still above the long-term historical average. alix: now we are joined by an equity and quantitative strategist at bank of america. thank you for joining us. we were just talking about what history has done with the s&p 500 and asians stakes -- stocks. is a little bit different than what we have typically seen heading into a fed rate hike. normally, the market is pretty strong in the three months into the first tightening. this time around, we have had a likehe fed doesn't look -- look at the fed is one other mandates but i think this would be unusual to have this stock market ahead of the first tightening. we also noticed we have never started a tightening cycle with the breakup of 75. volatility in the market could spell worst growth so that might be

lori: all right, steven, some final thoughts from you. >> look, i think you cannot take the third quarteris the only quarter of the year that averages a negative return for stocks. look at recent events and say we know how the entire year will turn out. lori: all right. guys, thanks so much. thank you, todd, thank you, steve. we will catch up with you guys here. oil driving the market these days. a lot of volatility over the last few weeks. how has the low price affected national security and its relationship with saudi arabia? the former ambassador to saudi arabia will join us next. and also make sure to tune into countdown next week after the long weekend. liz claman will be back with the third richest man in the world, warren buffett, and with china and the markets and more. tuesday right here on countdown to the closing bell. coming right back live from the floor of the new york stock twang so,as my personal financial psychic, i'm sure you know what this meeting is about. yes, a raise. i'm letting you go. i knew that. you see, this is my amerives mage.. lances.w that. no. portfolio. a

alix: it is just me, matt, so you will have to stick with me. look bloomberg terminal, you can see the money turning into the 10 year yield. obviously, money goes into muscle there is more demand, and the yield wiser going down in reverse correlation there. what you see moving is gold. it has not been a typical safe haven for a while, but today it is getting a little bit. it is up by about five dollars. the ideas to put your money somewhere instead of stocks and commodities. we can interview this to china manufacturing data that came out overnight, quite disappointing, the lowest level in about three years. selling over there in china. eventually those markets closed and it spread to europe and here. matt: i thought it was ironic on a great day that william bassett junior comes out with a great chart showing us how china does not hold us anymore, they prove .hat they do they can throw the entire global equity markets into a selloff that last three weeks. china is an think issue for the u.s., then you are not long equities because it is really a probl

you see, pete? >> big energy. we're looking at two of the biggest names. 're talking about exxon and conco phillips. we wanted to show you exactly what they looked like. absolutely do not look very good at all. however, last week in exxonmobil we started to see call buying. out in october 13 thoughs. the october 77s. today 17,000. again, october 77.5 calls. very aggressively bought right around in this price range here. about 52 cents to 55 cents. followed by conco phillips. actually, conco was first. conco phillips, huge buying early. september 47s. they were quick. they're going to expire in a couple of days. i decided want to be involved. >> the refiners which i have told you over and over again. would i own. i would begin to pair back holdings there. i would take ownership of refiners right now. i would reduce them significantly, and a lot of that has to to with what's going on with the brent ti spread. you are seeing a tremendous amount of supply overseas. very significantly. gasoline futures under pressure. the time to take profits and refiners is now

it, whenthat is just you look at the market, you see massive run-up that we had last year.ver since then it has been down. pu: i don't think the chinese -asian market is settling down just yet. find a clear price if you prevent people to sell or have a lot of restrictions on that. thateople are afraid investors are pulling out. you have to build the confidence rather than going which hunting. the people make may some mistakes, i think government, yes, this is the right issue. people are abusing markets, but at the same time increase transparency will allow you to tell what should be the right price. rishaad: last question, what would come up most from the clients you have at the moment. these are the uber rich kinds. they think this will be a repeat of the financial crisis. if you look at the magnitude of the following of the stock and it is almost repeating what happened in 2008. naturally, people are asking if it is another financial crisis. at least the global wise, we don't see it. there is no actual bubble, equity prices aren't overly stretched. i don't think a mature

you look at some of these other areas, line-item veto. those are policies that resonate strongly with voters in new hampshire. we look forward to a spirited conversation with governor christie, with governor kasich. as i said speaking should i read that as a threat? spirited conversations a threat to? >> i think what you can get the best most established conservative record on the stage. i think with the sound is policies and we look forward to the conversation. >> what do you think is one of the governor's best moments in the debate last week when he pushed back against trump. one thing i know that my brother is he kept us safe. ever since then you've had liberal columnists and advancing that's untrue and showing photos of the world trade center getting attacked on september 11. what do you think about which back? >> i think what the governor stated is fairly apparent and obvious for any kind of objective person that's looking at what transpired and, you know, very proud of his family as he said repeatedly, his dad and his brother. so the

did you see the life jacket on him. it was adorable it. lookedeve. >> anyway, biotech stock. you do that in nature. biotech hitting hard but the ceo said that is perfectly normal. we'll hear from him later on in the hour. you're watching cnbc, first in business worldwide. here is what is coming up on "fast." >> that is how investors in casino stocks feel. the ceo of one of the largest will explain why it might be time to double down. >>> plus -- king carl has a warning for investors. >> high yields stands for junk bonds. >> but there is a bitter irony even he doesn't understand. we'll explain when "fast money" returns. >>> google chasing online and e mersin veiling a new ad this afternoon. julia boorstin joins us on set with that. >> hi. great to be here. and they justin veiled a shopping app designed to turn into a digital short fund. an ad would appear in the corner, like a little button and when clicked on, the video will drop down. another click will take you to the retailer's website and they are only paid when you go to the retailer's site.