No idea how the nurse treating the now deceased dallas ebola patient contracted the virus herself. Does the government have a handle on this outbreak . Were live in dallas with the latest. In the markets heres how the major indexes stand w. The new look today. Off about 34 points. At the moment, you are looking there on the screen at the percentages. Red for the majors. Russell, surprisingly, though, up half a percent today. A little bit of a leading gauge for everybody else. Speaking of new looks, russell 2000, thiss a new look. Up. Thats right. Been on a steady decline since july. A real point of concern for people who watch the market closely and a bounce today back positive by it was up more than 1 and now a half percent. Absolutely. All right. Joining the closing bell exchange, sam stovel, anthony chance and, guys, welcome. I was looking at the notes here. I see renee says market showing signs of being tired. Sam says end of the year. Lucky to have a singledigit gain. Anthony says bad for the s p 500. You havent been negative consistently on this. Still not negative. I actually looked at the relationship of stronger dollar and what it does to the s p 500 and the russell 2000. Conventional view would tell you because the small caps dont have a lot of exposure internationally theyll do better. Yet looking at it historically you dont see that. You see the s p 500 continuing to outperform the russell 2000. Do you think then investors fade the russell bounce . There arent that many Energy Companies in the russell 2000 and the s p has a lot of Energy Companies in it so the energy index off almost 1 . The dow not down nearly that. Following down the energy index for the time being and looks like the russell broke off and a positive sign. Renee, whats changed in the market over the last couple of weeks or even just last week . Is it sentiment itself . Is the it the fundamentals of where our economy is and the stock market to go from here . Well, actually, i think the u. S. Is the best place in the world to invest your money right now. But i do think is that the markets tired. We have seen ady vur intelligence back to the beginning of this year. Russell 2000 officially in correction territory. Down about 13 . The vix is high. Its been the highest level since 2012. Might i remind everyone that october has been historically the most volatile month . Finally, weve also had situation where we havent had a correction since 2011. Since 1932, theres been a correction once on average every two years and we are way overdue. Sam, that being the case, is this the right time for investors to back away from this market . Can people afford to do so if this is another one of the kind of mini selloffs . Hi, kelly. Actually, no. I dont think youre wise to be selling in this kind of a situation. Youre probably better off thinking about where you want to buy rather than where you want to bail. Looking back to world war ii, whenever we have had declines of 10 to 20 pgs, the s p has been able to get back to break even in an average of four months so by the time you spend convincing your adviser or yourselves to sell out the market is probably gone its way back to break even and small cap stocks are quicker taking only three months on an average to get back to break even. Anthony excuse me. Real quick, sam. What would be tell you its a potentially bigger, deeper pullback event . I would have to be really be convinced theres cracks in the fundamentals globally. We are looking at the u. S. Earnings and expecting to see close to 7 increase in Third Quarter operating results and if this quarters anything like last quarter we are going to be surprised to the upside by 2 to 4 so i need to see a lot more cracks in the foundation of our fundamental outlook. Well get a good look this week. Earnings this week. Huge flames reporting. Including general electric, google, the banks and other big names. Dominic chu saying investors might want to Pay Attention to the names of big movers. Dom, with the list we need to know about. Looking for where the action is going to be this earnings season this time around, what you want to do is look at the companies that move the most after the earnings come out, the day after they come out or the morning, the trading session after they come out. So we took a look at s p 500 companies for most the activity upside and downside in earnings reports. So among the best performing stocks on average over the past eight quarters, check out chipotle mexican grill. Up 6 in the 8 times reporting earnings. Up 6 on average and then netflix shares up 7 on average over that same time span so every time they report earnings on average they go up by about 7 . Facebook is also intriguing. Up by almost 10 after reporting the numbers and another report you may want to Pay Attention to looking for an upside move, possibly. The single biggest move on earnings days in the s p 500 comes from Keurig Green Mountain and over eight quarters up 12 . Now, that was helped along by one big report earlier this year when cocacola announced it was taking a 10 stake in the company here and thats that. Downside here, take a look at whats happening here. Alterra down 5 in that time. Best buy down 5 , as well, staples down 6 and the worst performing stocks, staples and whole foods, both falling by an average of 6 during their earnings reports over past 8 quarters. Guys, it is very interesting where the action is when it comes to earnings in the s p 500. Back over to you guys. Dom, you are sticking around. Anthony, talking a lot about earnings here. The stronger dollar is a late in the last quarter story. It may not have a dramatic impact on the numbers we get now. However, if the dollars continue to strengthen through the Fourth Quarter that shows up big time in the current quarters numbers. You may see that in the guidance but if you look at what the rhetoric is from many of the central bankers around the world probably going to deal with this fact already at the Federal Reserve here in the United States. Youre hearing stuff from fisher, the vice chairman, hearing things from dudley, the president of the new york fed and the fact that they may alter the path of Monetary Policy to offset feels like dovish around the world with carney today and steve liesman. Very friendly for earnings if you all of a sudden see the central bankers offsetting the strength of the currency. If i may hone in on the airlines and try to show delta, for example, off 8 on the session. United getting hit here, too. Airlines you might expect maybe to benefit of lower fuel prices but thats clearly not the case. Is it because the Lower Energy Prices reflect demand concerns or the ebola threat potentially and what do you do with the Airline Space . I think the ebola threat is what its all about. Clearly Lower Oil Prices are good for the airlines. This should be a rallying point. I was in jfk coming back from San Francisco yesterday. I can report firsthand, not affected the amount of travel. It was a mad house yesterday in 3 00 in the afternoon. There have been a lot of momentum in the stocks. Now the wind is coming out of the bag but i dont think the fundamentals changed for the Airline Stocks and good time to be buying right now. If airlines or something else, are you a buyer of anything in the current market . I would. And actually, i think that the small caps is a great place to be. Especially given the fact that we are looking at a stronger u. S. Dollar. Those companies are generally insulated against a strong u. S. Dollar so i like small caps and rebalancing in there, i like banks, health care and still technology. Just do go back, anthony, the point of more dovish tilt lately to central bank rhetoric, today we dont have the fixed income market to look at. Its closed for columbus day and dont have the reliability but the 10year Interest Rate is dropping. Inflation expectations is dropping and hasnt there been a policy response . I think there has and well justified and followup on the oil situation. Opec production, its been increasing. Thats why owl eyes on opec for the late november meeting to see if they cut back supply. I think the Lower Oil Prices, reflection of increased supply rather than diminished idea. The saudis floated the idea they dont want to take the brunt of cutting production and want other countries to join in and said theyd let it fall to 80 a barrel hoping the kind of shut down production here or slow down production in north dakota but thats not really the case. That was to me a game of cards. Think need to get the rest of the opec countries to cut production with them. Yeah. Im sorry, dom. You want to weigh in quickly before we go on which report or reports youre going to be watching closely . I mean, scott, we have talked about this all day. This week is going to be all about the banks and all about technology. Theres about 50 i want to say 13 Companies Reporting earnings. Everyone is paying attention to the likes of the bank of americas and the goldmans and morley stanleys, citigroups and jpmorgans and the reason why is because between tech and financials, about 35 , 36 of the overall s p 500. Thats not all of them reporting this week but bellweather names to come to market and give you a sense of the rest of the earnings season to go. Energy is important, guys, but still just about 10 of the overall s p. Yes, important. Maybe more as an indicator than anything else. Back over to you. Cant wait to hear from intel, especially after the microchip comments last week. Thank you so much for being here. With 50 minutes to go and the dow now moving again to the downside off about 60 points. S p giving up 11. Nasdaq off 19, scott. Coming up, germanys s. A. P. On the acquisition trail. A 8 billion deal in the back pocket. Are they done . The ceo speaks us next exclusively. Leon panetta warned c eed h could take down the financial system. Well ask if were tough enough on china. Well ask you that very same question at cnbc. Com vote. Get ready. N, then the bad news on email. Good newsfedex has flat rate shipping. Its called fedex one rate ®. And its affordable. Sounds great. cell phone typing typing continues woosh cell phones buzz, chirp and we have to work the weekend. Great. More good newsits friday woo ship a pak via Fedex Express saver® for as low as 7. 50. So if you get a trade idea about, say, organic food stocks, schwab can help. With a trading specialist just a tap away. Whats on your mind, lisa . Id like to talk about a trade idea. Lets hear it. [ male announcer ] see how schwab can help light a way forward. So you can make your move, wherever you are. And start working on your next big idea. And start working on your next big idea. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Welcome back. I would say the market is all over the place today but that would be an understatement. Dow jones industrials at least for the moment with 45 minutes to go are down. 3 . The s p is back below its 200day moving average yet again down. 5 . Nasdaq which was seeing the biggest decline rebounded and now lower, as well, by a bit more than. 3 and the russell 2000 up 1 earlier is now backing off that, too. Who knows what will happen in the last 45 minutes . It is anybodys guess based on how things traded today. I feel like the russell is the one to watch for 45 minutes. The chinese cant book that room for the waldorf just yet. The u. S. Officials reviewing the purchase. Theyre concerned about possible security risks and chinese sniper snooping because this is where the president stays during any visit to new york. I asked leon panetta about his concerns of the growing number of Cyber Attacks in the u. S. They have the capability to take down our grid system, our power grid, our financial systems, our Government Systems and virtually cripple this country. We have got to be working together, both the government and the private sector, in order to effectively confront the threat from Cyber Attacks. I think this is this is the battlefield of the future. Well, we want the know if you think the u. S. Is tough enough or champion thats hacking. Cnbc. Com vote. Lets also get i was going to say go ahead. Ladies first. Reaction with larry kudlow and contributor and former congressman barney frank. The battlefield of the future, barney frank. Do you agree with the concern here . Absolutely. I have a great deal of confidence in his judgment and it is obviously the problem. You know, much of the violence in the world is deplorable and regrettable. But its not a direct threat to the United States because of our physical might, because of our geographic position. But obviously, when you talk about this cyberspace, you know, those oceans dont mean anything. None of the traditional and a physical might is not enough. And so i would very much agree with former secretary panetta. I would add that one way we deal with this stop spending money on threats that dont exist. We still spend a lot of money keeping three ways and dropping thermal Nuclear Weapons on the russians. We can free up some money and some energy on this. So i very much agree that this is the threat and one of the ways we deal with it is to say, okay, we have spent too much and are spending too much on some of the past threats. Lets redirect the energy and resources. Larry, the question is, are the chinese at the forefront of that threat . Of course. If you listen to the fbi director james comey he said theres two kinds of Big Companies in the United States. Those who have been hacked by the chinese and those that dont know theyve been hacked by the chinese s. That the root of the problem . Of course, of course. I liked what kelly said. Lets get right to the waldorf. Im near it. We have to do something. You know . We know theyre hacking into our economic and commercial enterprises. We know theyre hacking into the defense. We theyre hacking into the homeland security. I dont agree with barney frank. This has nothing to do with the Nuclear Defense. This is an entirely different problem. We just indicted five chinese cyber hackers. Gootd for the justice department. For a change i defend mr. Holder. Now, what do we with that . Probably never get them in the court. We should take some economic sanctions here, keep their tell comes out of the United States. Stop them from buying up hotels and real estate. Whatever. Are you calling for a trade war, larry . Ill take economic sanctions. Thats what i call it. Until the chinese fess up. Until they come to the you know, they walked away from the noeshtding table. They walked away from president obama. At california in the meeting last june. So we need to take some actions. All right . Theyre not our best friend. So you both sound like you see the need for aggressive action on this. And barney frank, then, what separates your view of what larry kudlow is saying . Mainly larrys apparent desire to pick a fight over nothing. I dont understand when he said that he disagrees with me that this is not a nuclear threat. Thats my point. Resources are not infinite. One of the things i want to do is take resources we have been spending unwisely and unnecessarily on past threats unrelated to the current one and focus more on this. I very much think we should do that and one of the questions people raise sometimes, well, but arent we constrained by the fact that china has the debt . They dont buy it as a favor to us. Its the best place to put their money and theyre not doing anything about that without damaging themselves. I agree with larry. We should a lot tougher. I would disagree larrys suggestion is tough economic sanctions. You are saying more or less spend money on the problem. Are they mutually exclusive . Is everybody in a mood to pick a fight . Money is part of it. Im going. No. You need the public sector. All right. Ill put that aside. You need them together. I agree. Sanctions, yes. We have been tougher but the way to be tough is to go after chinese exports to america. I disagree that we should say if they want to buy the waldorf atore yeah and put money in the economy, say no. The president can find another hotel. I am for sanctions of prevent them and punish them for the ability to make money. If they want to assets in america and not strategic, assets, go for it. I usually do. Im a free trader. I would let donald trump buy the waldorf and not the chinese. Larry, theyre not doing larry . I want to take some actions and agree with barney frank about the debt. They buy our debt because its good for their own financial situation. And theyre not going to dump our debt because then the prices would collapse and theyd lose their family jewels. Barney, the only point i was making is i dont see a tradeoff here between our Nuclear Defense and this Cyber Security issue. I want a fence in between the two and i want to say to you, we need to have better self defense here at home on top of that. In other words yes. Our u. S. Government is not doing enough and the private companies are not doing enough to defend. But the tradeoff is that one of the things we do i agree we should penalize the chinese. I do think we penalize them being tougher on the goods. By the way, on pure economic reasons theres reason for that. They have a onesided view of trade. American companies are victimized and penalized and pirated. So we should be tougher on them on economic grounds alone. My only point is among the things you have to do is to spend more money to upgrade our Cyber Security and one way that you do that is stop spending money we dont need on threat that is have passed. All right. Ill agree to disagree with this. Barney, do you think yeah . Do you think that chinese really want the waldorf for what it is, for the real estate space . Do you think they want smithfield or for whatever port to get