Well show you how this thing works. She, lets put it this way, she lights up when there are germs in the room. The market is a big story. The dow and s p 500, there they are, heading lower right now a lot of head funds. Though, sue, given the record of some of these hedge funds this year, im not sure im paying a lot of attention to them. Its the complexity of their holdings, ty, that has everybody concerned. Specifically the worry is over the drop in the junk bond market. Many big names in the Hedge Fund World are saying watch for an imminent spillover into the stock market. We might start to be seeing it now. Theres a lot of talk about this on on the floor of the new york stock exchange, and those highyield bond etfs kate kelly, tell us what you know. Sue, junk bonds of seen by many as sort of a frontier investment. But theyve been pleaing the junk bon etfs, the jnc has dropped more than 3 . Amplifying results and also let alone other things. The pressure continues to be on. Including ellington, and max capital are shorting the junk bond indexes, have for a little while, steps appear to have helped generate returns of about 7 , 120 and 9 respectively so far this summer granted, the to hedge even they and others of the ilk are skeptical of the stock market, too. Thinking we could be in the middle of a substantial leg down, even if it doesnt materialize right away. Managers use the world be able to describe certain sectors earlier this year. Elliott management has called the stock market frost frothy, even the likes of steve cone late this summer, which would be right around now. Absolutely it would. To dominic chu. A group of bondholders is suing the casino operator, accusing the company of transferring money between entities to quote unquote protect its got assets. No comment from caesars ago of yesterday. Were down about 80 points on the dow. You cant blame europe. Were seeing not today anyway. Weakness in the crude markets. A lot of big shale names are getting hit and all have many momentum behind them. Those two are bakken plays, so keep an eye on that. Retail target lowered its outlook, i think its more than a hit from the data breach. Walmart, costco, tjx only down a little bit, but weve seen target down rather notably today. Lets move on. You wouldnt think theres a lot of worry in the restaurant business. Bloominbrands, they lowered the numbers greatly, but look at the rest. They dont seem very worried about it. They specifically talk about business being down despite general weather. Everyone seems to be giving everyone is pass here. Very interesting story, we just had about whats going on in the highyield funds. Theres avis, by the way. Renting a car this summer . Youre going to be paying a lot more. These highyield funds, here as the problem with them. During times of high volatility, highyield bond funds tend to act like symptom funds. Thats one of the reasons we saw they funds hit. When you get that volatility, they tend to act like stock funds. Depending on which one youre in. Its not necessarily bond yield funds that cause the stock market the stock market drop dramatically causes high depending on which etfs, some are highly leveraged as well. There are a couple you can actually sit there and they are actively managed. Some are actually performing a bit better. Theyre not all the same. Okay. Thank you, bob. Ill see you in a few minutes up uptown to seema. When you look at the stocks that are getting hit on the nasdaq 100, aside from expedi expediters, its the stock that has had a pretty good run over the past couple months. Intel, broadcom, have benefited from the rotation into Large Cap Value tech plays. You take a look at our tech giants that have had such a big weight okay the in a nasdaq, ive spoken to analysts this morning. There isnt seem to be a specific reason, and of course a certainly level of nervousness in this market around the prospect. Lastly its been earnings that have in some ways kept the market going. Bloominbrands reported disappointing earnings. The focus now on groupen, tonight reporting earnings followed by act vision, blizzard tomorrow. Thank you, seema. Robert and darren, gentlemen, welcome to you both. Mr. Richards, let me begin with you. I assume you heard about the report about the possible pillover to the equity market. You own or have owned a fair amount of highyield bonds over the years mo recently. What do you think . Yeah, well, theres definitely a correlation between highyield bonds and stocks. Youre seeing that play right now. Yields are very, very low in highyield bonds on a relative basis, but what makes it attractive to us is the default rates are low. So i think that attractiveness, even though yields are lower than norm article. Do you lie International Foreign high yields better right now . We have a global mix with a bite toward international. Bob, lets talk to you about what you see in the market for the remainder of the summer, in ominous kind of warnings from some of the big hedgies. What is your i think you take a step back and understand what was going on with the market last week. There was some concerns that the Federal Reserve is going to start moving on Interest Rates, especially when you had this loan dissenter, and then the employment cost index going up. I think people were starting to pear back, from a longterm investors perspective, you have to push this off as noise. The economy is actually moving forward at a pretty good clip. We saw 4 . I dont expect to see 4 going forward. I do expect around 3 for the entire year. Thats a Pretty Healthy rate. You look at manufacturing, i sm manufacturing, the Chicago Purchasing Managers index, durable goods orders, the service sector, these are all very positives. A higher Interest Rate environment isnt something that should scare the longterm investor out of the market. Actually it should be drawing them in, because it brings back inflation to the economy. The fed is all about putting liquid into the economy to try to increase inflation. We mentioned some of stocks that you like this. But 67 and then youre going to have to you right, but at the time you have to get out. Lets go to darren. Your favorite sectors. Toward the technology, primarily to valuation reasons, and we think cap ex will pick up. I agree, utilities and some of the other sectors bob mentioned that were attractive earlier, i think are coming around, you think people are starting to say its kind of run its course. Gentlemen, thank you very much. Bob, darren, put them together youve got bobby darin. Sue . I cant leave you alone up there, ty. You never know whats going to happen. The chief economist at the s p saying the growing wealth gap specifically is slowing down economic growth. Larry kudlow joins us. Hes here at post 9, along with the former chief Economic Policy adviser to Vice President joe biden. That would be jared bernstein. Welcome, guys. Go to cnbc. Com vote and let us know if you think the wealth gap is hurting american growth. Set the table for me, jared. You think near term or short term it is hurting growth, but its a little less clear longer term . Right. I commend this s p study to anyone viewing this, very well done. Ill put a link to it on my blog later. Were at a near 70 consumption economy, and right now income and equality or wealth inequality is working as a wedge, funneling or channeling gdp growth to the top of the scale quite narrowly. We know for example the medians Household Income is down in real terms a few percent over this recovery, while at the top income has been growing gangbusters. Since the propensity to consume, the marginal amount that you buy over your last dollar is a lot higher in the middle thain at the top, that will slow growth down. Over the longer term there are good issues that we can get into. Theyre fuzzier, but i think they probably hold as well. Larry, i know before the show you and i were talking about this, and you made some interest points about the way capitalism works, so tell me, do you take issue with what jared said or not really . Im a big fan of jared, but he should stick with the long term. He got the story partially right. Short term im afraid hes got it wrong. Hes got it backwards. Look, grout Growth Growth in a capitalist system does create a certain amount of inequality, though i dont think individual inequality is changing, its households, but growth creates inequality. I agree with that. Go to north dakota, look at the boom in oil and shale oil shale fracking. Youre creating lots of millionaires, but youre also creating new jobs of 70, 80, 90, 100,000 a year. That makes inequality. It also means a rising tide is lifting all boats. This s p study i think ignores that. It has some positives to it on the need for education reform. We can get to that in a minute, but i do not believe this inequality issue has any bearing on the economy whatsoever. You want to solve the economy . Slash the Corporate Tax rate, deregulate, dodd frank, obama care, things like that are holding back all the ships. Its not zerosum. Hold on, jared, to your point, the psychological impact or the perception of income inequality which is in a lot of headlines these days, tends to slow things back . No, no, i dont agree. I want jared to speak. Do not filibuster. I do in the believe the mainstream has impact on the economic data. I dont need to invoke the media here. I can in fact invoke a fact that larry kudlow makes every time i talk to him, and he happens to be right. He complains about the growth rate of gdp during this recovery. Its intimately connected to the point that i raise. We actually have a very brought middle class that isnt readily getting very much houst economys growth thus far, and of course that damping consumption. Over the longer term, of course we can all embrace but the thing this study points out is the proclivity, the abundance of cheap credit and debt accumulation among middleincome families whose income is stag innocent in order to keep their consumption going, they leverage of excessively. That creates bubbles and hurts growth. I thought that was an interesting channel. But, look, we have had thats a separate issue. Weve had so much deleveraging, in fact deleveraging may be part of the slowdown in the economy. Look at any chart of debt to income, debt to asset. All im saying is if you measure the genie coefficient measures income and inequality. Thats a horrible word, but thats what it is. For individuals it hasnt changed since 1960. Jared, youre a good labor man, you know this. Household inequality has changed. Why . We have too many singleparent households. That goes to the real issue here. Family breakup is a huge factor in the low ser quintile, which i do worry about, and i think education reform is very important, but for heavens sake let the animal spirits rip and youll see a rising tide lift all the boats. The idea that you could that rising tide will lift all boats has really been blown out of the water, to stretch an analogy too far has really been blown out of the water by decades of inequality and Family Structure plays a have i minor role. Cmon, jared. Let me finish. We have a did not an unheralded concentration of wealth in the top of the scale. Its influencing politics in a negative way and i think its hurting growth as well. Ive got to leave it there, guys. You finish it off camera. Thank you very much, both of you. Lets lock in the viewer vote. We asked you whether you think the wealth gap is hurting american growth. 53 say yes, but 47 say no. Thats closer than i thought it would be. Coming up, the second american ebola victim arrives in that the today, as concerns widen over on how to protect our borders from this deadly virus. One weapon in this war is this lady. Its s. A. R. A. , a germzapping robot. Well meet her right after the break. But what if you could see more of what you wanted to know . With fidelitys new active trader pro investing platform, the information thats important to you is all in one place, so finding more insight is easier. Its your idea powered by active trader pro. Another way fidelity gives you a more powerful investing experience. Call our specialists today to get up and running. Yyyup. With xfinity internet soyour family can use all their devices at once. Works anywhere in the house. Even in the garage. Max whats going on . Were doing a tech startup. Were streamlining an algorithm. Were going public [cheering] the fastest inhome wifi for your entire family. The x1 entertainment operating system. Only from xfinity. The dow is off by about 80 points. You can see it there, just a shade below. Leading the way lower for the dow, intel followed by chevron, exxon mobil, and then health care, ibm, all these large caps helping to propel the dow to the lower side of things. A developing story from afghanistan, a gunman dressed in an Afghan Military uniform opened fire at a military Training Facility in kabul. He killed three people, including an american general. Hes believed to be the highest ranking American Military office to be killed in action since the vietnam war. A highranking german officer was also killed along with the gunman and 14 orders were wounded. Sue . Ty, nancy writebol, the american missionary has just arrived at Emory University hospital in atlanta. She joins dr. Content brantly who arrived on saturday. British airways announced it is spanneding flights two and from liberia and sierra leone until august 31st due to the deteriorating Health Situation in both those countries. Very interesting segment coming up, one company hoping to fight in the war and helping already in the war against ebola. Is the disinfection services. It makes a germzapping robots that says can destroy the deadly virus and any organism in five to ten minutes. More than 250 hops sorry i touched you the thing is named s. A. R. A. They now use such robots, including s. A. R. A. They name their robots. The ceo is moreries miller. Good to have you with us. Nice to be here. How does this work . Can we make sara come up and get into her working position . Obviously theres a cooling fan. Inside of sara, as it moves up, you will see a column. Inside the column with a xenon tube in it. It puts out light thats 25,000 times brighter than night. It basically can disable the dna of any kind of virus, pathogen, spore out there. Its uv emissions. Uvc that does the disinfections. Kills viruses, kills bacteria. If you were to bring this into a typical hospital room, how wide is the radius over which she has power . Its going to go somewhere between 2 to 3 meters around the machine. Thats why we recommend running it on the left side of the bed, right side, and ten minutes later the room is disinfected. Ebola isnt in most of the hospitals, thank god, but when it would get rid of middle eastern respiratory system. We did this a few weeks ago in Orlando Health to stop the, meth a cillin, all the things that people are scared of contracting in the hospitals, it does. Do you recommend using these machines only in the rooms that are treating the most highly infectious patients, or is it better to treat every single room . Its better to treat every room. Youre trying to bring now the microbial load in a hospital. Weve been able to demonstrate that. How many hospitals are they machines . How many have you sold . How many does a typical hospital have . A hospital could have anywhere between two for a small hospital, 10 or 12 for a large hospital. Westchester Medical Center has them, in ucla, stanford, harvard, all the leading hospitals have adopted the technology. This is a shift from the old way to the new way. How much does sara cost other her sisters or brothers per unit. I assume if you buy more, you get a discount. The price is about 104,000 for a robot. The key number for anybody thinking about this is that it boils down to about 3 per patient room. So 3 if youre in the hospital, average length of stay its about a dollar a day to keep you safe. You must have numbers that tell you how effective these machines are at reducing the inhospital infections. What is the result . Absolutely. We have peerreviewed published studies, thats the Gold Standard in medical. In general the hospitals are getting greater than a 50 reduction in infection, more importantly for them, theyre able to get a return on investment, the three years of service, all the expense, they pay that back in four months units 50 reduction in those kinds of infections. I could not be in the room if this thing were really emitting. It would automatically shut off, you couldnt be in the room. Thank you for the germfighting robot, sara. Sue . That is fantastic. I wonder if hes planning to go public soon. Well see. Hawaii facing a double whammy, isabel followed by a tropical storm. Thats coming up next. What would you do if a loved ones only hope were an experimental drug an the Companies Making it said no. Outrage often ensues, but who is really to blame . All of that straight ahead on power lunch. If energy could come from anything . Or if power could go anywhere . Or if light could seek out the dark . What would happen if that happens . Anything. Over 20 million kids everyday in oulack access to healthy food. For the first time American Kids are slated to live a shorter life span than their parents. Its a problem that we can turn around and change. Revolution foods is a company we started to provide access to healthy, affordable, kidinspired, chefcrafted food. We looked at what are the aspects of food that will help set up kids for success . Making sure foods are made with high Quality Ingredients and prepared fresh everyday. Our collaboration with citi has helped us really accelerate the expansion of our business in terms of how many communities we can serve. Working with citi has also helped to fuel our innovation process and the speed at which we can bring new products into the grocery stores. We are employing 1,000 people across 27 urban areas and today, serve over 1 million meals a week. Until every kid has built those lifelong eating habits, well keep working. Leading the way lower is names like cablevision. And expediters international, Motorola Solutions on weak earnings and international flavors, now to josh lipton in san jose with some breaking news. Josh, over to you. Hey, dom, some breaking news from ricoh. Reporting that apple has scheduled a big media event for tuesday, september 9th. In the past the september events, of course, the focus of attention is on the nextgen iphone. A lot of speculation about that iphone 6, will it have a larger display . What will apple charge for it . We ahead apples saying the product popline was the best hes seen in 25 years at apple. I spoke to tim cook a couple weeks ago, he reiterated that, apple scheduling a big media event for tuesday, september 9th. I goos, back to you. Paradise is about to be anything butt. Hurricanes iselle has hit the category 4 status in the pacific, but expected to weaken before it sweeps across hawaii thursday or friday. Tropical storm julio will hit two days later. Sue . Ty, lets check the metals market, coppers finished down, lowest level down better than 1 , gold is down about 3. Rick santelli is tracking the Interest Rates for us. Ricky . Well, you know, sue, it isnt a wild session, but a wellvolumed and still very important area that we are trading. As you look at an intraday chart of sos, notice we did try to move up to 252, the think the dow being down, whats less, down 66, is keeping a lid on any type of big soft, but one effect that was felt that probably pushed it higher much earlier before our time zones is the next chart. Remember, theyre about ready to trade 110, the dax tried to make a turnaround today, and it did to some extent. This definitely was a pause in the rather historic look at the europo. For one day finally move below 134. Todays action in the 133 handle comps to september. The last time we saw a euro against the greenback, and of course the mere image comping about to the same period as 57. 6 of the dollar index is they you wero currency. Tyler, sue, back to you. When patients are refused experimental drugs in life or death cases, companies are vilified, but drub makers away they are in a tough spot. Meg tirrell explains why. When we found this new med medicine, pd1, we definitely wanted to participate. Its part of a new class of experimental drugs. Their oncologists have asked the makers for access. Theyve all said no. It was only including people 18 and up. Since im only 15, they wouldnt let me in. We asked for compassionate use, but they die nigh it. Reporter thats a way for company toss provide drugs outside for patients with no other options. Natalie and countless others fit that description, but for companies its a complicated issue. Its an agonizing process to go through. Doug williams leads research and development. Two years ago the company was working on a therapy for lou gehrigs disease, with compassionate use requests pouring in, biogen prepared enough for 500 patients. In an individual situation, while difficult and heart wrenching, it has to be weighed against the backdrop of the ultimate goal, which is to try to bring these drugs to market to treat the broadest crosssection of a population as quickly as we can possibly do it. Reporter there are risk for both patients and drug makers. Natalies doctor worries about the safe of an unproven medicine. These drugs are not benign. I certainly have concerns about using potential using a medication that we have no information on, because the side effects can be very serious, potential lifethreatening. The companies also worry about side effects. Bioethicist kaplan has been advised. The odds of them Getting Better are tiny. It happens, but its rare. Reporter theres a concern that a bad outcome in a patient much sicker could affect a drugs chances of approval. Another factor summer. They might have as much as a tiny them able full of that drug. If they give it to a dying person, they cant complete the trials that the fda wants them to do to get the drug out in the market to anybody who has this disease. Reporter companies also cite not having enough data in forms of cancer, including kids, an issue that has set natalie back. There are also ethical situations. Who do you say yes to . Who do you say no to . Companies say it should deter patients from enrolling in kline cal trials, potential slowing a drugs path to market. Theres also concern that a drug wont work. The com pont for lou gehrigs disease ultimately failed. They arent real drugs yet. We want to take them from a situation where its just hope to being real hope. We want to prove if something is actually false hope. Reporter for a patient like natalie, the proof may not come soon enough. There are no firm data on how many requests Companies Get and deny. As weve shown throughout the day theres pressure building on the system to change. Coming up on closing bell, well explore whats brewing for the future. To read and watch more about this issue, you can check out our extended coverage. Just go to cnbc. Com to hear natalies story in her own words and read indepth about compassionate. How is her health . Its not good. Shes had a lot of radiation, a lot of surgeries, and now they think the cancer is still growing. Nothing has been able to stop it. Terribly sad story. Dominic . Quick mark flash. Tyler, were watching shares of tmobile, Financial Times is say it will reject iliads offer for a stake in the company. Theyre up fractionally by about one tenth of a percent. Back over to you, tyler. All righty, dom. 11,000, 51,000. 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Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Bloomin reported weaker than experted Second Quarter profits on higher expenses and weaker traffic. That stock has kurnly host nearly a quarter of its value just in trading so far today, sue. Back over to you. Lets look at how stocks are faring. The Dow Jones Industrial average last trade down about 86 points on the trading session, s p down 11, nasdaq is down 19, russell 2000 faring decently. Mid cap down about three. The nrk sector the weakest performer in todays trading session. Joining mess is bob pisani and ben willis from princeton security groups. How does the market feel to you today . And the etfs having trouble. Truthfully its very hard to get a feel. Theres so little participation. The volume rates are kind of middle of the road, but nothing dramatic in any sense, so what were seeing to me is a continuation of fear, not panic, but fear in the marketplace, starting with the highyield bond issue thats a few weeks ago. Not to mention greenspan talking about the muchneeded correction. I think the Market Participants had been used to seeing a correction in sector by sector. They were down 1 , 2 , what i find interesting, just coming in, the russell 20 on 00 seems to be a place that money may be going to work right now, while the large indices are continuing to see the pressure in a broad base. I would concentrate on the economic news. Ism Services Numbers were terrific overall, right across the board, hiring, everything on that was good. Yes, the fear is higher Interest Rates. If we get a spike in Interest Rates, that will hurt the market, but the economy is slowly Getting Better. High Interest Rates are an indication of health. Our old friend art cashin will tell you our pricing prosperity. While this happens and Asset Managers have to reset their marks, its the fact of the matter you should be using the selloff of the market thats not really oz properly based. This is an indication of health that things are Getting Better. Weve got to leave it there. Thanks so much, guys. Ty, up to you. Sure, mark keisel is deputy chief officer he oversees the Corporate Bond fund. Hes also bullish on the gaming sector. Here to tell us why and some top picks is our friend mark. Good to see you. Welcome back. A couple years ago you mentioned two companies, wynn and mgm. If you had bought those stocks you would be up respectively 137 and 123 . You still like them both . Mgm out with earnings today. Hi, tyler. Good to see you again. Yes, we like mgm. Whats amazing is the recovery in vegas, and mgm is a pure play. They have theres been no supply added for five years basically. S occupancy is 96 and ebitda was up 12 , so everybody is kicking in right now no mgm. Wynn you still like as well . Its a remarkable story. Ebitda up 18 , 17 of wynns ebitda comes from macau. Theyre gig to spend 4 billion on a new casino. Get this they have the potential to grow 40, 50 ebitda. Theres no kind of growth like that out there. Two more, Las Vegas Sands and a macaubased company mpbl. Las vegas sands 88 is asia, its really a pure play on the mass market. The mass market is growing 31 in macau right now. We thing longer term it grows 15 to 20. Las vegas sands is a great play. Mel core crown is also basically a play on macau. They operate two casinos, opening expansion in studio city in 2016. This is probably the cheapest company. It trades at a multiple of ten times earnings. This company as excellent up side. I think of you basically as a Corporate Bond kind of guy. Do i want to buy the debt or equity or both . Tyler, you want to buy everything you can buy in these companies. The ecity is cheap. These companies are growing double digits for the next several years. The bonds are basically yielding 5, 5. 5 , these companies throw off significant precash flow, organic deleveraging power. You want to own the entire capital structure, and theyre a classic case of putting your money where your mouth is. Mark, great to see you, as always. Great to see you, tyler. We just took out the morning lows. We gapped down. Were down 160 points. When we took out the morning lows now were down 160. So well continue the market. Financial noise financial noise financial noise i make a lot of purchases foand i get ass. Lot in return with ink plus from chase. Like 50,000 bonus points when i spent 5,000 in the first 3 months after i opened my account. And i earn 5 times the rewards on internet, phone services and at Office Supply stores. With ink plus i can choose how to redeem my points. Travel, gift cards, even cash back. And my rewards points wont expire. So you can make owning a business even more rewarding. Ink from chase. So you can. Thank ythank you for defendiyour sacrifice. And thank you for your bravery. Thank you colonel. Thank you daddy. Military families are uniquely thankful for many things, the legacy of usaa Auto Insurance can be one of them. If youre a current or former military member or their family, get an Auto Insurance quote and see why 92 of our members plan to stay for life. Welcome back. We have some news. You can see that sharp move lower in just the last five minutes plummeting in just the last five minutes. Off by about 150 points. Of course some of the big names are dragging this down. Of course, chevron and exxon have a bigger than average impact on the way the dow trades simply because they have higher stock prices than other members. If you look at the overall markets, that sharp leg lower has caught a lot of investors off. Stay with us, dom, because were going to talk about that. Art, you were telling me there was a technical move. Tell me about that. They had a low of about 1926 in the s p, and i think it was 16 of 474 in the dow, they toyed with them for much of the day, and then you didnt get any Double Bottom bounce. So we have in algorithms that trade instantly. The viewers should for 1916 everyone 1916 in the s p was where they hit the low on friday if we get there and break through, it would be a whole new ball game. With so much geopolitical attention around the globe, you would think the fundamentals are having more of an impact. They arent. Our natural instinct is to look for a headline, look for something on the wires that may have triggered a dramatic falloff like the one you have just seen in the s p 500 and in the dow, but as art points out, often its a technical barrier has been breached. As he said, some algorithm and some computerguided trading takes place and opening the trap door. You know, art, what about you know, there seems to be some fear in the market, a little bit of fear that wasnt there previously. Not panic as ben willis pointed out, but theres a tension on the tape that i didnt sense yesterday. Well, there clearly is. Yesterday was more of a reflex rebound you see it from weakness in oil itself. Its taking out some key technical points, and that has people upset. To tylers very apt point we too look for headlines when Something Like that happens, but we looked at the checkoff points. Gold did not move. Oil did not move. If it was something geopolitical, you would have expected that, looked for a sharp move. None of that occurred. I had written a note to friends earlier today, telling them that the morning low was going to be important. It needed to be defended, it was not, and when it broke, we got a sharp selloff. Tom, weigh in on all of this. I think your point about some of the Oil Companies have an inordinate amount of pressure was a good one. The interesting part about this, with a lot of the technical trades. People put profits orders in to buy on dips or sell orders. The real interesting pardon to me, and ive been talking to traders still trying to flush this out. Oftentimes with these sharp moves lower, intraday very quickly, oftentimes it can be because of often that is to buy protection for the down side. If you look at some of the traits to see if theres any kind of movement there. You want to weigh in . First i note were talking about the polish polish representative, mr. Sikorsky, who said according to the wires, that russian units are poised to pressure or invade ukraine. Id like a little more clarification. Id like the comment from the United States, a comment from the Ukrainian Government about how likely any pressure or invasion is. Thats a headline that hit the wires. Thats what were all talking about here. Im not suggesting the man is wrong. I just would like a little more clarification on whats going on. I understand the initial kneejerk reaction and what that is all about, but lets be careful. Weve seen oil down for weeks on end now, and ive been talking about oil stocks coming off their highs. We saw some earnings today from Pioneer Natural Resources that people didnt like, because there wasnt a lot of guidance. Theres fundamental reasons would you were seeing certain sectors notably weak. Weigh in on which is more important . While im sure bob is right about the timing of the headline and the impact, the fact that you didnt see gold pop, and you didnt see an immediate flight to safety, certainly the mans comments are to be noted. They are a concern, but the precipitous move in the market i think was due to the technical internals. Theyre trying to circle the wagons here. Weve been showing the breadth of the decline, only three of the dow constituents are higher today, so thats a 10 1 ratio, and roughly the same in the s p 500. Were only about there you see the dow, only boeing, procter gamble, and home depot are up, they only by small amounts. As you see there, the rest of the dow industrials, as we pointed out earlier, exxon, chevron and intel leading the way. Theres the s p 500. Just about 55 stocks. 55 higher and the rest down. Were going to take a quick break and cover the markets a little bit more. Our story on the technology that can help distracted driver we will hold in light of the news events. This is an unlucky story. We were going to run it on thursday and the market went down. Maybe we wont plan it. Well be right back. E world has, but what if you could see more of what you wanted to know . With fidelitys new active trader pro investing platform, the information thats important to you is all in one place, so finding more insight is easier. Its your idea powered by active trader pro. Another way fidelity gives you a more powerful investing experience. Call our specialists today to get up and running. Weits not justt wed be fabuilding jobs here,. Its helping our community. Siemens location here has just received a major order of wind turbines. It puts a huge smile on my face. Cause im like, this is what we do. the fact that iowa is leading the way in wind energy, im so proud, like, its just amazing. In a we believe outshining the competition tomorrow quires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. So if youre ready to see opportunities and see them through, we say lets get to work. Because the future belongs to those who challenge the present. Coming up at the top of the hour we have street signs. The market is taking a turn for the worst. Lots of headlines and a number of theories floating around. Also, are we ready for ebola here in the United States . Is it or it maybe overhyped . And herb has been talking for a long time about the overblown glutenfree craze. What will new regulations do to all of that . Well ask him. Lots of things coming up. Make sure you join us at 2 00 p. M. Eastern when the world moves, futures move first. Learn futures from experienced pros with dedicated chats and daily live webinars. And trade with paper money to testdrive the market. All on thinkorswim from td ameritrade. Virtually all your important legal matters in just minutes. Now its quicker and easier for you to start your business, protect your family, and launch your dreams. At legalzoom. Com we put the law on your side. First day of my life by bright eyes youre not just looking for a house. Youre looking for a place for your life to happen. The ca illac summer collection is here. During the cadillac summers best event, lease this 2014 ats for around 299 a month and make this the summer of style. Welcome back, theres some mo context on the comments of the foreign minister from russia. We dont have more details about the comments, but over the last several days russian has been conducting war games. There was an uncurse yesterday involving ukrainian troops into russia. Theres a lot of activity on the border. Were not sure exactly whether or not he knows something more that would suggest its escalated to a higher level. And reports this morning, michelle, that some 18 to 20,000 Russian Troops had been moved right to the area of the border. Lets bring back the panel. Art, anything in that news flash that would color your view of the rest of the day . Not really, with all due respect to mr. Sikorsky, i think the plunge we saw was internal and technically related. I think for the rest of the day im going to watch two things, the broken support at 1926 and the s p 500 now becomes resistant and 1916 is key critical support. Id like to see something from the Ukrainian Government whether they think theres an invasion thats imminent. The polls have made comments before that are hawkish. Thank you for joining us, everybody. Here comes street signs. See you tomorrow. Stocks resuming their slide as russia heats up and the ebola scare continues. Hi, everybody. All of a sudden its a busy day. Mandy, let us know where we are and what is going on. Lets look at the