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Transcripts For CNBC Closing Bell 20140124

Important for every company that exports to that country. If they slow down exports to that country will slow down. Thats why its so important right now. And underlying a lot of this is this debate about liquidity versus fundamentals. Here is how we stand in the markets. The dow is near session lows off 256 points at this juncture. I believe the lows today were 262. And were heading back to that right now. Look at that. Decisively below 16,000. Speaking of at least round numbers, the s p 500, 1797. So we are below 1800 having given up about 31 points today or 1. 7 . We cannot emphasize too much that 1800 number what that means to traders. Its very important. Theyre watching that very carefully on the close today. And finally a look at the nasdaq which interestingly enough is the laggard today. Despite juniper doing a little better. We have the composite down 71 points. Lets talk about this selloff and put it in perspective with our guests today. Weve got Quincy Crosby from prudential f

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