Rates and when rates go up, stock investors get nervous. Some will take their money off the table. Cash in profits and head for safety. Also, this has been such an explosive rally since the election of donald trump that some kind of pause is inevitable. It goes without saying that no market goes straight up forever. Call it what you like. Pause, correction, pull back, as of right now the sellers appear to be running this show. How far down do we go . Dont know. Buy this dip . How strong is your stomach. And rush for the door . Thats your call, and its a tough call. Previous dips, remember, have bounced right back. Throughout the program, well be following the ups and downs of what will be a nailbiting day. Stay there, please. Varney company is about to begin. And for the Philadelphia Eagles, the long drought is over. Last championship 1950, presuper bowl era. The dreamers finally come through. Neil there you had it. Final four of a thrilling and bowl. Beat the patriots 4133. Nick foals throwing the goahead touchdown to zack with just over two minutes remaining in the game. Then the big defensive play. Tom brady sacked. He fumbles. Eagles recovery. That set up a field goal to put them up eight. Bradys final desperation toss fell incomplete and the celebration was underway. What a celebration it was. They went really wild in philadelphia. Ashley yeah, i was just looking at the latest numbers in city hall. They said three arrested. Tens of thousands of people poured into the streets last night. Theyre blaming a few bad actors. A car was overturned. About six traffic lights pulled down in the city center. A macys got attack. A verizon store. But, again, only three arrests. You know they actually greased the light poles before the game so that they could get ahead. But some people managed to beat on the poles. Neil . Stuart is that a constitutional a wrong constitutional move to deny the freedom of speech to people to climb the lamp pole . I dont think thats right stuart did you stay up until the end . Ashley i did. Liz i went to bed. Stuart did you stay up to the end . I did but i was motivated. Stuart all right. Well get to the judge shortly. Did you stay up all the way to the end . I was motivated that the same thing the judge was motivated for. Stuart get to the market, please. This is an important day. We are going to be down today. This monday morning. Were opening down about 170, 180 on the dow. Down 11 on the s p. Maybe 31, 30 on the nasdaq. Charles payne is with us. All right. Charles, obvious question. This is a dip. I will be an aggressive buyer at some point this week stuart why . Charles because the overall thing that moves the market are the sellings and earnings. And the thing that was overshadowed last week particularly on friday is were perhaps one of the best he didnt seasons ive seen in my life. 50 of the s p 500 companies have reported. 80 beat on sales. 75 beat on earnings. And were seeing much better guidance. Go to 5 gdp growth. They are in remarkable economic recovery and they havent seen in a long time. And i think the fed will take care not to snuff it out. Yeah, they want to be ahead of the curve. But they understand whats at stake here because a lot of americans have given up on hope of true growth ever happening again. Were in the midst of it. I think. Stuart you have to say after a 40 runup of the dow. No market goes straight up. Ashley like the department has these things called prescribed burns. They blow out the cobwebs and then the forest comes back stronger. I think thats what were seeing here. Let the people take the profits, move on put. But the economy points that the earnings, the expansion is going on. I think it will come back strong. So the question is when do you buy back in . And people like charles said maybe this week. Has it reached the bottom . Maybe well see. Stuart what about today . Charles today could be a good time. As a matter of fact, i have some key numbers. I put them on my website but that most important thing is were almost at the 5 pull back. It has been 410 trading days since a 5 pull back. If its not today, its very, very soon. The thing of investors should make a list of things i want to own. Again, 50 of companies have reported. So ive seen Companies Report numbers and their actions on the stock. Stocks have surged and guidance pulling back for the rest of the market for me are easy pickings. Stuart ive done a prelist of premarket stock prices. Apple has dropped below 160. So that means semidown 10 or 11 . Liz in correction territory. Stuart when it drops below a certain level, you can see maybe thats interesting. Microsoft is close to dropping below 90 a share. Its almost down there. Amazon is close to dropping below 1400. I think weve got it on the screen at 1406 and facebook is below is 190. When it drops below those key levels, is it a signal for you. Ashley yeah, but you have to check the fundamental. Google and alphabet is not the one i would not buy right now. But i would say amazon obviously the easiest one to buy there. In fact, they got another target upgrade this morning. My target is 1800. Amazon, facebook, in order what i would buy. Stuart well discuss this later. Now im going to turn to politics. This has no impact on the market. I dont think it does. The memo has been released. It alleges abuse by the fbi and the Justice Department when requesting that surveillance warrant on the Trump Campaign. One president ial campaign spied on another president ial campaign. Got it . Democrats and the media responding furiously. They say its an attempt to undermine the fbi and the mueller investigation. So now what . Axeios, thats a news website says five more memos are coming. Devon nunez suggests another memo about the state department. Judge napolitano is here. Carry it forward. Where to from here . Well, the democratic memo, which has already been prepared and which reports to examine the same intelligence as the republican memo but comes dramatically different conclusions will be voted on by the committee today. The speaker of the house, republican paul ryan is in favor of it. Four republican members of the Committee Said theyre in favor of it. They need one more. So the need the majority of the committee. Then it has to go to the white house. If the president does nothing, it comes in five days. If the president modifies it, whites things out, redacts things, says forget about it, he is the ultimate decider on declassifying, so he can stop it from coming out. I think there would be a political firestorm there. Stuart so its memo week. Exactly right. Congressman nunez denies that theres any more memos coming out about this. There are memos coming out about other things that the state department did in the obama era that the Justice Department did in the obama era. And there may be a memo coming out from this is almost inconceivable. The fbi, which will defy the committee that is its regulator and defy the president. But from the committee, theres only one more memo coming out. What have we learned . Weve learned that the cavalier attitude about spying on american citizens, which youve heard me complain about for years now, in fact, is prevalent. Not only in the fbi and in the Justice Department, but on the part of the judges who authorize these things. Stuart, it is inconceivable that one court grants 99. 9 of all warrants requested of it. This is the court. Because it lowers the constitutional standard and makes it very easy for the judges to grant with these warrants. Stuart question about the memo that may or may not come out about the state department. Nothing to do with the surveillance warrant but about the state department. The secretary of state during that time was Hillary Clinton. Yes. So this is very tantalizing that congress nunez said this. He just said it ten minutes ago. The state department and Hillary Clinton. Not john kerry. Stuart but totally separate from the surveillance warrant and russia, russia, russia, this is separate. Yes. I do think that congressman gowdy is correct. All the ruckus that was caused on friday, this does not affect bob muellers investigation one bit. As much as i like the president and want him to succeed, i do think he is a little incorrect or putting a trumpian spin on it when he says im vindicated. I dont think this slows down mueller or impedes him at all stuart im waiting for that state department memo. When it comes, youll have it. Stuart thank you, judge. Quick check of futures again. This is going to be a down day. The dows been really all over the place. At one point this morning, it was down about 300 points. Now its down 180. We will be lower at the opening bell. Look at the tenyear treasury yield currently at 2. 84 . Now, the big tech names. Get back to them because theres serious losses there. Theyre all way down from their highs and this morning, facebook, amazon, microsoft, alphabet, and apple will all open lower. The chip maker broadcom is making its best and final offer to buy its rival qualcomm for 82 per share. I believe this adds up to about 100 billiondollar deal if im not mistaken. Liz 121 billion. Yeah, isnt that . Stuart thats money. Back to sports for a second. Joe name on it says Justin Timberlake is right to not let his son play football. What we know about brain injuries, the visc too great. Legend reacts to that one. And despite a very political season of anthem protest, every Single Player stood for the anthem during the super bowl. Heres the question. Has football redeemed itself of the kneeling controversy . Were dealing with that after this break think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp neil no sign of any players kneeling during the super bowl. Super bowl 52. What youre looking at is members of the eagles. This after the event. Members of the eagles, they praised god after beating the patriots. Roll that tape. I can only give the praise to my lord in savior jesus christ. Unbelievable. All glory to god, my teammates, this city. Were very blessed. Stuart very overt display of religion bringing super bowl 15 champion and liberalism author burgess owens. Has football by last nights performance kind of redeemed itself . Good morning, stuart. Well, first of all, i what a great experience it was. Not only to watch a great game but watch the true pro american and, unfortunately, has nothing to do with leadership. It has the focus to do with two teams and all the things about the players. Theres players on the teams that are very pro american flag. And to get to the big game, you have to put all of that aside. And then do nfl leadership. And the leadership, the commissioner, they would have had those great war heroes on the field and the kneeling team kneeling at the same time. So it was great to see it, and i hope a good lesson comes out of this. Stuart but do you think were going to pull together next season . I mean, this is going to be behind us. Improving its ratings and the game and all the rest of it . Ill say this. Weve been here before. Abc at the end of 9 11 decided were going to look at a neutralizing their brand by not having flag. I think the nfl is doing the same thing. Theyre looking at the global market. So when it comes to nfl leadership, i dont trust them, to be honest with you. I think the players have a chance to get their act together. Focus on whats right and come back and win the game. Of course, America Needs to help these young people understand this country is the greatest in the history of mankind and help them understand this process. Stuart okay. On this subject, to listen espns hills latest attack. Low hanging fruit is what i like to call racial pornography because its a way to stoke his base. I think its kind of weirdly brilliant because he has been able to hijack the entire conversation and to make this about patriotism. Stuart i caught that, burgess. Racial pornography. What do you say . This is what happens with socialists and marxists. They dont have the intellectual honesty to talk about policies. They take cheap shots. They call white conservatives races, and they call black conservatives uncle toms. Where was this lady when 75 black boys in the state of california not passing reading and writing tests. Where was she when 80 of black teen boys could not get jobs the last ten years . What about the black babies aborted by white abortionists . Is what we right now is pro jobs, pro education, pro flag, and it scares the left to death. So im very excited about whats happening in our country and america ought to feel good about it. These races, these black races and elitists like this young lady will be shown she doesnt know what shes talking about. Were going to move forward because thats what we do as a country. We move Forward Together and to get all of this division stuff. Stuart burgess owen be good to see you again. Im glad you enjoyed the game last night. I stayed up for the first ten minutes. Judge, youre all right. Well see you again soon. Lets get to your money. Were down this morning. We are going to open this market lower in about 12 minutes time. The dow should be down close to 200 points. And an amtrak train involved in a deadly collision over the weekend. The third fatal amtrak accident since december. 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Were going to be challenging 25,000. Okay . Down across the board. Amtrak. It is the second deadly crash in less than a week. Liz, what have you got to say about this . Liz well, this is about the government culture of safety and the private sector culture of safety. And the federal Train Administration is now run by richard anderson. He ran delta, and he ran northwest. Hes saying it has to be about the private sector approach to safety. Two average derailments a month on a amtrak train. Thats in recent years. So how do you if you want to do infrastructure, its safety first and how does the private sector approach safety . Ashley so what happens saturday in South Carolina the signal had the amtrak train go straight down the track occupied by another train. How does that happen . Well, the head of amtrak says it was completely csxs fault but also the federal government by not putting this public system in place which is supposed to be across the country by the end of this year. Liz and now csx, the private freight operator saying, no, we did everything correctly. We did everything right. And so, you know, same culture of safety in animals new head of the stuart its worth pointing out that Amtrak Service is run by the government. Freight lines are run by private enterprise and theres a huge difference in performance. Liz yes, there is. Stuart quick look at the market. Were going to open in a couple of minutes, and we will be down over 200 points. 1600 on the s p and down on the nasdaq. How far down . Well find out in a couple of minutes. Shes nationally recognized for her compassion and care. He spent decades fighting to give families a second chance. But to help others, they first had to protect themselves. I have afib. Even for a nurse, its complicated. And it puts me at higher risk of stroke. That would be devastating. I had to learn all i could to help protect myself. Once i got the facts, my doctor and i chose xarelto®. Xarelto®. To help keep me protected. Oncedaily xarelto®, a latestgeneration blood thinner. Significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. It has similar effectiveness to warfarin. Xarelto® works differently. Warfarin interferes with at least 6 bloodclotting factors. Xarelto® is selective, targeting just one critical factor interacting with less of your bodys natural bloodclotting function. For afib patients wellmanaged on warfarin, there is limited information on how xarelto® compares in reducing the risk of stroke. Stuart right. This is going to be a very important monday morning because last week in the previous friday in total the dow dropped over a thousand points. That was a 4 drop. That was the biggest drop that weve seen since the election of donald trump back in november of 2016. The obvious question is, its monday morning, are we going to continue that heavyduty selling . Ashley yes. Stuart if you look at the futures market as ashley just said, the answer is question. Rightbottomhand corner. After ten consecutive months of jobs. [laughter] ashley thank you very much. Charles its been my experience that the futures were the lowest point of the morning. We may test that. Whatever the worst we were down 300, we test that. If we hold it and come back, thats when you start to sit up. I want to put one thing in perspective. 3 yield to push the market down, the last time we corrected yield 4 and a half percent, the before time 6 percent and 9 and 12 . Stuart 15 seconds to go and we will open the market. You can see them applauding and we will hear it any second now. There you go. When the bell starts ringing, the trading session will begin. We will find out whether or not we will get a continuation of very heavy selling we saw last week. Here we go. First reading in the dow we are down 250 points right from the getgo, 260, 263, 277 we are down. 25,248, down 268. Thats where we are at this moment in time. Thats over 1 . That means the total loss since a week ago friday is now over 5 and we are pretty close to a 300point drop for the dow industrials. We havent seen since brexit. That is true. We are down less than 1 on the s p 500. Ashley i dont want to get technical. The 50day moving average, 2017 on s p, that will be a tes