The crash of a ups cargo plane in alabama. New information coming out throughout the day. The very latest, plus fire sweeping through parts of iota including around several bigname ski areas. They are being threatened right now. Well tell you about that, but, first, to sue at the new york Stock Exchange. Good to see you, ty. Well start with the markets right now. A down day right here on the floor of the nyse. The Dow Jones Industrial average is off 93 points, twothirds of a percent. The s p is off a third of a percent or about 6. 33 point. The nasdaq is down 7. 33 points and the russell 2000 is off two points on the trading session. The tenyear yield is right now up above the 2. 70 range. Were now at 1. 71 . The gold market, after a little bit of a selloff yesterday bouncing back, up number 13 bucks on the day and brent crude is up 17 cents. Apple above 500 bucks in todays trading session. 502 cant 45 to be exact. More on that in just a second. First though to bob pins on the floor for this down day of stocks. We have a depressingly similar trading pattern. Very much stuck. More days than not dow just moves right down and bottoms somewhere in the late morning, sometimes around europe and then stabilized in the middle of the day and sometimes comes back and sometimes meanders. This has happened more days than not in the last two weeks so a lot of people think this is because they are selling the u. S. To buy europe. Now, there is some indication to put up the european etf and you can see here theres clearly been money going into that in the last several weeks. Money inflows in etf Funds Associated with europe and heres one of them, the vgk and there may be something behind all of that. Let me put up some sectors. Tough day for housing. Last week fannie mae and freddie mac concerns, more concerns here, came out with earnings below expectations and new orders was a real problem for taylor morrison. These stocks out of favor, the itv, a new low for the year 2013. Finally, sue, be careful about momentum stocks. Cree was a darling. Everybody loved cree, and when you have a situation where you have four great quarters and all of a sudden you get inline results and slightly lower guidance this is what happens. Down 20 . Look at that stock straight up. Of course, they make l. E. D. Chips, Everybody Loves them but thats the problem with momentum stocks. Thanks very much, bob pisani. Lets speak more about this with our guests. Good to see you guys. Ladies first, ben, okay, how does the market look to you technically at this point . The market looks as though its lyse losing steam. This has been the case for probably a few weeks here. We had a por pollic move out of july. Now we need to see something positive that will carry it higher. Europe actually had a positive economic report. 3 growth in gdp. However, that sort of growth does not a recoverymakers and so i think that investors need to be careful before throwing u. S. Equity money into European Equity money at this time. What about our market here . Its august and the volume light and weve been stuck in this. Its a yawner out there . A yawner without a doubt. No Trading Volume whatsoever so trying to read the tea leaves is difficult because there arent any tea leaves. Money slowly finds its way into the market. The trading pattern that bob alluded to earlier, very common. Seeing the draw drown early in the day and hopefully a ushaped pattern but its a muchneeded correction after the parapublic move last month, of course. Its hard to remember that when you have a downside. Everybody trader in the world has been looking for the correction that never came so it appears were getting in these very small steps on the way down and the moves, any plus side move has been minimal, and i think thats going to be thematic until september. Let me bring in sound in from jim cramer because bob mentioned europe a little earlier and the eurozone did exit its year and a half long recession, according to some. Cnbcs jim cramer has been getting bullish on listen. Take a listen to what he said last night. The strongest markets in the world of late have been spain, greece, italy, france, netherlands, ireland, portugal. Buying an outsized position in the etf that invests in the largest european equities. Ubs and barclays, to me they are off to the races. All righty. Abigail, you said earlier that one report does not a recovery make . Correct, and i would be a bit cautious here. Investors want to see follow through and when i look at daxx it looks as overheated as the u. S. Equity markets. Ben is talking about this correction everybody is expecting the technical side. Weakness in the transports and industrials showing it may come. One bright spot for both europe and my mind, the energy sector. Crude is above 100 per barrel, and i think that its actually going to climb higher. If this is a fact it could flow right to the bottom line of the Major Oil Companies so i really like totale, Royal Dutch Shell and will even throw in bp there. I think you can see those stocks higher within two or three months. Do you feel better given what people have been talking about the last two or three weeks . If our an investor looking long term you need those indications where there may be a bottom in place. The financial stocks obviously very speculative, but if you did that in the United States of america four or five years ago, a very healthy portfolio to take a risk on the european banks that jim cramer just alluded to. Albert fried, money continuing in the more traditional stocks you see out of a recovery. Like the tech names and s. A. P. Names, and youre seeing the Building Blocks of whether its in the tech, the software or semis or the construction like the crh and the cement companies. Youre seeing Building Blocks suggesting the infrastructure is in place. Cap x spending increasing from the European Base companies. Were seeing that benefiting from the commitment from the chinese suggesting they want to see cap x going into i. T. , so its all its all hand in glove sort of investment. Good ideas for our viewers. Thank you both so much. Really appreciate it. Seema mody is taking a deeper dive on how thats impacting u. S. Companies that had exposure to europe. What are you fink out . Europes rising groep growth seems to be helping companies with a significant amount of exposure to ufrpt these Companies Make a High Percentage of sales in europe. On average so far they have seen secondquarter revenues grow by 1. 9 and Earnings Growth of 4. 8 year over year. That data according to thompson reuters. This is still lower than the average growth rate of the s p 500. Edward yardini says this data is encouraging. He says better than expected economic data, including todays read on gdp, is improving sentiment towards the eurozone. He points out that valuation multiples of european stocks have been depressed which may present a good buying opportunity. Looking forward, the rest of the year may also be strong, b of a riding today that 80 of European Fund managers anticipate the regions strengthening ahead, twice the level reported last month so this comeback in Europe Clearly an merging trend to watch. Thanks very much, seema mody on the europe adrs. Were tracking a developing story in alabama. A ups cargo plane crashed earlier this morning. You may have heard about this. This is video taken shortly after the crash not far from the birmingham airport. The bite and copilot were the only ones on board, and they were both killed. Phil lebeau covers the Airline Industry and aviation more broadly and is live with us in chicago. What do we know . Reporter investigators in ntsb are now on the scene just outside of the birmingham, alabama airport. Its a grassy area not far from the airport. This is what they are seeing. They are in the process of retrieving the black box, the flight data recorder. They will review the cargo list. As you mentioned the pilot and copilot were killed in the crash. The plane involved is an airbus a300, ten years old, has 11,000 flight hours, according to airbus. Ups says this flight was making an approach to the landing as it came in. Thats when the crash happened. We saw smoke and debris, like it was shredded across the field, so it was quite scary. I heard this fluttering over the house, but i heard the loud boom. I guess thats when the plane crashed or hit the ground, but it was it was terrifying. Reporter for ups they have 235 planes that they own and another 293 that they charter. They make more than 1,900 daily flights, and according to the aviation safety data network this is the sixth accident for ups going back to 1985. Tyler and sue, its very early in the investigation. No indication as to what causes this crash but they will focus on two things, was there something mechanical that went or, b, come other factor in terms of cargo on board that might have led to this crash . Were tracking it as we get back down to the scene. Thank you very much. Another developing story were watching very closely. Deadly clashes in egypt. Dozens have been killed and hundreds injured as the military clash with promorsi supporters. Yousef gamal el din is live from cairo with the very latest. Good evening. Reporter good evening, sue. Its been a very bleed day in downtown cairo and the back gound, quiet in most parts of the city. Remember, Security Forces taking the decision to make up protest states or supporters of ousted president emmirsy have been kept out for six weeks. The two squares have now been cleared after 12 hours of an operation that saw the exchange of gunfire, tear gas, rocks and bottles and much more. Now, some shocking tallies are emerging. We have two account of how many people have die. On the one hand you have the ministry of Health Account which says 149 people have died in todays violence across the country, and over 700 injured, and then you are looking at a different account from the Muslim Brotherhood and supporters of the ousted president. They claim that the tally has far exceeded 600 with many thousands injured, but keep in mind that there is a state of emergency. There is a curfew. The shipping traffic in the suez has not been affected. Banks will remain closed tomorrow and so will the Stock Exchange as a precaution. Were monitoring the situation. For now its back to you, tyler. Thank you very much for that report from cairo. The Great American stock activist has been louder than usual. Last night carl icahn on apple and Lyon Cooperman adding to his position. Apple really taking off as i hope you say. Earlier this year the battle over herbal life. Bill ackman on the short side and the longs seemingly to up this one. You dont want to be short on a stock going up 100 , do you . Jc penney has also been targeted by ackman and target was for what its worth. That stock, penny, not doing particularly well in the past year. Hes long on that one. Now, dan loeb went offer sony. Shares up 71 in a year and down 9 over the past month so the question for the jury here, folks, is should the average investor follow the big guys like carl icahn or ackman or loeb and others, and also are there concerns when an activist investors like icahn goes on twitter to rereal their position. Welcome to you both. Bethany, what do you say here . Is it fair play for a big investor whether its ackman or icahn or somebody else to go and tweet that hes just opened a big position in a company . Well, look, it is turning the stock market into the wild west by the prevalence of people being out there and sort of talking their bok and touting their positions but where i come out, if you follow him blindl blindly, you hope that mr. Icahn tells us when he sells . Absolutely. Just the whole try of following what a companys announcements, speed desk that put up information seconds or so before the information could be traded on, very lucrative to traders if they have the slightest edge. For the time being its troubling because anyone who heard that tweet or saw that tweet, even milliseconds before anyone else, had a major edge. Bethany, lets talk about the performance of some of these activist investors. Its not always great. They dont hit home runs every time out. Even mr. Icahn took a real beating in blockbuster some years ago. Right. Thats what i mean by dont follow blindly because, yes, these guys are smart and, yes, they work hard and have more access to information than you can ever have but that doesnt mean you are always right. Theres any number of examples where the big guys havent gotten it right. In addition, they may have a deal you cant get. Look at Warren Buffetts investments in bank of america and goldman sachs. He cut deals that the average investor cant ripley kate so just because he buys doesnt mean you should. Lets get back to that other sort of issue here whether the use of twitter or social media is fair way, and im not saying that thats when is going on all, at all, so let me be clear of it. But the use of social media is sort of a very viable conspiracy theory, isnt it . As long as the nvgs if the information is distributed equally to all investors that just makes the market more first. That should not be freed. People dont understand when the chairman may be tweeting or nonpublic, yes, yes, regarding links that move the market such as the one icahn made or a mergy announcement. Reall know when the earnings announ announcements come out because they are posted on the website. This is an everyone tirely new channel for distributing information, and, therefore, it may give traders information we tonight have and push out spreads and make it more expensive for mutual fund that were invested in to buy their stocks after the the big traders get in and the tweeters benefit. Nice to see you again. You too. Thank you very much. To josh lipton now for a market fresh. Its a down day for the markets. Movers to highlight gug two big names in the yesterday. The make of had quarterly profits of 6 and some analysts think thirdquarter results mark the peak and expect farmers to cut capital spending. Another one investors are selling, macys posted Quarterly Sales in profit that minutes missed what retailers wanted to see. On the other hand,boro cade well in the green. Networking Technology Company posted thirdquarter results that bested estimates and told us demand for its storage products picking up. Finally a nice debut for envision health care holdings, provider of ambulance services, debuted on the nyse. The ipo twiced at 23 per share. That stock up more than 10 right now. Sue, back to you. Thank you very much. The show says im sorry after following an executive in public. See what two experts have to say about that. And wildfires pushing outside two very popular ski resorts. Well take you there next on power lunch. Clients are always learning more to make their money do more. ann to help me plan my next move, i take scottrades free, inbranch seminars. Plus, their live webinars. I use daily market commentary to improve my strategy. And my local scottrade Office Guides my learning every step of the way. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Ranked highest in Customer Loyalty for brokerage and investment companies. Welcome back to power lunch. Im josh lipton. Tesla down some 4 right now and down 12 since hitting its record high of 158. 88 on august 8th. Talk to some analysts saying nothing is really changed regarding the companys ability of estimates to meet in the near term so maybe basic profit taking. That stock, of course, has been a monster, up some 100 this year and again down today though on light volume. Tyler, back to you. Josh, thank you very much. Parts of utah under attack by wildfires. Several communities are being threatened by the fast moving flames. Already several buildings have been destroyed and hundreds of acres scorched out there. This fire is just east of Salt Lake City and is quite near to several of utahs very popular ski resorts. Sue . Those are terrible pictures, ty. Thank you very much, its the story of the shory ceo. Frayeds aols Tim Armstrong calling doing a won fence call to take a picture. Be a mel, put that camera down right now. It he make the right move by saying sorry or not . Joining us is Marcus Lemonis and welcome, gentlemen, nice to have you here. Marcus, im going to start with you. Youre a tough guy. Youve run a big company. Bills run a big company. Did dr. Armstrong want to do the right thing by saying hes sorry . Ineernd why thats interested. In other words, why the employee felt entiretled to do that . When the leader of the business kind of reaction the way he does, especially in other people, sets a bad example, and i dont know that hes sorry hes going to do it. What do you think . We all make mistakes and dont want to do it on an open mike in front of 10,000 people, and i think he gets that, appreciate to the individual involved and put out an open letter lake he did. Back in our medtronic days, within the facing reality and were just making the deck chairs around the titanic. Later my boss was called, in tears. We all make mistakes and today in this 24 7 media world will activist investors ready to jump in at a moments notice you have to admit your vulnerabilities and mistakes and then move on. We all do make them and were under close scrutiny and none of us are perfect. I think your point is the culture of the company starts in the corner office. If the tape hadnt gone out, would the apology still have gone out . Thats an interesting question, i dont know. Perhaps it would have not. I thinky should apology. That made it more difficult and i agree the culture starts. Its very difficult to bring a company back, just hike marisa mayer, and shes made mistakes, too. Hes under a lot of pressure and naturally to get sens when you have to get difficult things. Ive certainly felt those kinds of pressures. Id like to sigh im perfect but i havent been. If ahead, mar