Our road map begins with a 13 million merger. Well bring you the latest, rubbermade buying jarden. And loeb versus dow, what does the cope have to say . We have the story. And an apple bombshell the first ever decline in iphone sales. Futures volatile here, oil prices as we said fell below 35 for the First Time Since february of 2009. In the mean thyme, cheniere replacing their ceo. And in another management shake up, david barce is out at third avenue management after the collapse of their junk bond firm. A story that is likely to repeat. I wont over their portfolio last night. There is two issues. One is it is a mutual fund, youre supposed to get your money back. That is what jarred people. Second, i think i may have found the worlds worst investor. I looked at 55 issues they had. There was four that i would think are of some value. How does that happen . Youre an idiot. You know energy names and its not just energy. Other than health care, they really just decided if you set out to
the nasdaq down 1 2/3%, but it is gold. as you see right there, that is really getting whacked. oil falling on fears regarding europe s economy. and check your mail. bank of america giving away money to customers who are holding mortgages. there s outrage from coast to coast, but we ll focus on one guy s thoughts in chicago. but first let s get down to sue herera. sue? it s a very tough day down here, ty. thank you very much. if you re long the markets, a dark ugly day. tyler showed you the scoreboard. let s get the details on what s behind those numbers. michelle caruso-cabrera is talking about the thorn in the market s side known as greece. sharon epperson on the big sell-off in gold. but bob pisani s with me. it s debt. the debt worry is back. greece is not necessarily the problem as much as the symptom of a much larger situation. and it s boorish to say this but what happened in 2008? excessive debt create aid deflationary spiral and that s when all these q.e. program