region. one day after a deadly bomb blast at a hotel in neighboring somalia. the president also speaking out against republican presidential candidates who attacked his policies over the weekend. we have the latest in this war of words. hey, china's markets are set to open in less than 6 1/2 hours. so let's start the "countdown." . liz: breaking news. china chewing up wall street after demonstrating a week of stabilization thanks to massive government intervention. last night a freefall so severe, it is affecting our markets negatively right now. spin it forward, 6 1/2 hours away from the hang seng in hong kong and the shanghai and shen gin indexes opening again. what can u.s. inspectors expect the day after the huge fall. how will it impact your money. we take it to the traders watching and waiting at trading floors around the nation and gerri willis. scott, to you first. what do you think happens when china opens for business? >> three hours ago, they said they're going to put measures back in because they didn't have them last night when it dropped 8.5%. they're going to try and stabilize it off the bat. if they can't hold the markets and the shanghai breaks that 3700 area and makes lower lose for the week. our markets will notice. parallels from nasdaq 5,000 and 2,000, what's going on in the shanghai. china trying to figure out how extreme it gets? watch and see if the shanghai gets to lower lows. liz: the first hour will be crucial. that's about 9:20 or 9:30 eastern time. phil flynn, how closely will be you be watching this? a situation where this is a highly manipulated government by the market right now? >> well, it is, and actually, probably the best thing they could do is get out of the way. what the market needs to do is duck. it needs to get cleaned out. we saw that last night and saw our markets react negatively but worth having the cancer overhanging the market. we're seeing because of the uncertainty, because we don't know how bad this is. people are pulling their horns in at other markets. not just impacting china anymore, it is going to impact europe, the united states, and it's impacting us already. we're already hearing in this country possible layoffs because of the sell-off in oil. a lot of that is because what's happening in china. liz: gerri, you've been following this all day and looking at the government's intervention behavior. it intervened the last couple of weeks, 16% rally over the last six to eight trading days in the china market. there was the government rushing in buying stock every time the market opened. what happened last night? did they take a step back and see if you could kick one leg out of a three-legged stool? >> the intervention is running out of steam. everyone is wondering what's going to happen next? we saw information coming out from the chinese government that says they were going to do more. liz, you've got to ask yourself after you pump this market full of $480 billion buying the stocks as they fall, what can they do next? how much will it take? can they go on forever? liz: peter, i think this point is made, and phil made it. watch out, we have oil falling precipitously, and you see we're below $48 a barrel. two sessions we started to see that behavior. we've shown the clock, 6 1/2 hours. what happens in china when the markets open? >> well, it's putting a lot of fear in equities markets around the world. the one positive that can be from this is lower energy prices and better news for the consumer. liz: listen, we appreciate all of you weighing in here, we're watching the clocks closely. 9:20 p.m. eastern time when the hang seng opens. watch australia. watch australia and new zealand markets as well. great to see you. should you, the investor, care about what's happening in the chinese markets? a drop of 146 points. is that really a big deal for the dow, or is china so distant that it doesn't matter? that's the debate we have on our hands. derek scissors says don't worry, it's not mountain we're making it out to be. he's joining us from washington, d.c., with the american enterprise institute. and jim frischling of new oak saying are you kidding me? china totally matters! bring them both in. derek, to you first, why does china matter, make our viewer understand that there could be a worse leg down on this issue? >> china matters, it's just the chinese stock market doesn't matter, and the evidence i'll offer is when chinese stock markets soar at 150% over a 12-month period, did anyone really notice? the commodity prices rallied. did the chinese economy get better? the answer is no, and no. china does matter and you're in the chinese stock market, you're getting creamed today. for the rest of the world, the chinese stock market doesn't matter. liz: jim is chomping at the bit. go ahead, jim. >> we can't say there's nothing to see when the world's second largest economy, their market is in a freefall. liz: derek is saying the economy is separate from the stock. >> the fact is, you may not own a chinese stock directly, but indirectly, you do. our companies are sell abroad. a lot of earnings season is marred by complaints about the strong dollar and concern about a slowdown in china. if the investors in china, and a lot of the uptick has been driven by a retail oriented group. they bought in last are and getting hammered on margin calls and what not. if they're not buyers of u.s. goods, u.s. companies will feel it and you'll see it in the stock market. liz: we showed the chinex, a lot of technology names. that got crushed. you see the big divet down. derek, if people are saying i don't own chinese stocks, effectively it matters. what if they own walmart? walmart in a way is a chinese stock. starbucks has chinese operations, yum brands has chinese operations. >> giving the stock market way too much credit. the chinese economy does matter, what consumers want to do does matter. no link between the chinese stock market and the chinese economy. the stock market goes up, the stock market goes downing the economy does whatever it wants. the chinese stock market was stagnant for years when the economy was soaring. we agree the economy matters indirectly or directly to americans, not the stock market. >> the stock market is priced almost to perfection. we are at a high level. closer to the top than the bottom. and for us to drive the tide of earnings and justify the levels, we need things to operate. europe is a head wind. the strong u.s. dollar is blamed for the head wind and the slowdown in china. i mean the middle class is losing money. and they will be less of a buyer in chinese goods. when the chinese stock market was booming, the u.s. did have a good run, and our market continues to believe that we need to export goods to china and around the world for the u.s. companies to continue to benefit or earn the stock valuations. liz: derek, i'm looking at this and thinking general motors has a plant in china. they've got a buick plant. when you have a consumer very involved in the stock market over the past year, look, it was definitely a beijing bubble, definitely. you start to say are they going buy a buick? a $7 latte? and that will affect the stocks. >> when you say the chinese consumer is heavily involved in the stock market. 90% of consumers don't have involvement in the stock market. it's not a large market in terms of free flow and in terms of the proportion of chinese people involved. we're acting as if the stock market impacts chinese consumption, but during that soaring pension fund the chinese stock market, chinese consumption didn't rise, it didn't budge. the chinese company is weakening and imports weakening throughout this time. why if the stock market soaring doesn't do anything should the stock market plunging be so important? liz: derek, you have a doctorate of political economics from stanford. i'm going listen, we are watching. we are 6 1/2 hours away from the markets opening. thank you for joining us derek, and jim is going to stay with us. closing bell 50 minutes away, you can equate attempts to diplomacy to the gas chambers in nazi germany? the dust is not settled from presidential candidate mike huckabee's accusation that president obama is doing just that, by pushing the iran nuclear deal is. huckabee trying to outtrump trump? our political panel ready to duke it out. two years ago i donned a hard hat to take a construction elevator to the top of the tallest skyscraper in the western hemisphere. coming up, my how things have changed at one world trade. i'm going to revisit the very steps i took in the hard hat as we hit almost amazing milestones. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com . liz: barely off the lows of the session with 45 minutes to go. take a look at freeport mac moran, hitting a 6 1/2-year low, following a really bad route here over just the last four sessions, clipped by nearly 27%, down another 6% today. why? they're a big copper producer. china is the biggest user of copper. china dead in the water for the moment. not buying a lot of copper. that's killing freeport mcmoran. big pharmatoday, teva agreeing to buy allergan's generics unit for 40 billion dollars in cash and stock. the deal would rocket the israeli drug manufacturer to among the 10 top pharmaceutical companies in the world. allergan gets the cash to focus on brand names like botox. the bid was abandoned. that is a stock falling today. coming up in the next hour, melissa francis and ashley webster are speaking with brent saunders what brent plans to do with the money? 40 billion, good stuff. international politics here, president obama is in ethiopia in the first part of the trip by a sitting u.s. president. fox news correspondent peter barnes watching every step of this historic visit. what's the latest? >> ethiopia is a poor country but one of the fastest growing economies in africa. right now the president's talks with the ethiopian prime minister have focused on security and the threat of islamic terrorism. his visit came a day after a suicide bomber rammed a truck full of explosives into one of the most secure hotels in somalia. severely damaging the hotel and reportedly killing about a dozen people. >> yesterday, bombing in mogadishu reminds us that terrorist groups like al-shabaab offer nothing but death and destruction and need to be stopped. we've got more work to do. >> reporter: the president is trying improve business and economic ties on his tour of africa, rich in natural resources, as you know. china has become the world's leading investor in the continent cutting billions in deals and commodities in infrastructure and at a conference in kenya this weekend, the president pitched the u.s., and u.s. interests in doing the same thing, saying, quote, africa is on the move. liz? liz: peter, thank you. u.s. politics absolutely found their way all the way to ethiopia as president obama ended up being asked a question and then condemning mike huckabee's controversial comments on the iran nuclear deal. here's what the former arkansas governor first said during a radio interview about it. >> he's so naive, he would trust the iranians and he would take the israelis and basically march them to the door of the oven. >> the particular comments of mr. huckabee are, i think, part of just a general pattern that we've seen that is -- would be considered ridiculous if it weren't so sad. maybe this is just an effort to push mr. trump out of the headlines. liz: so is huckabee trying to outtrump trump? trump has fired back at president taking it up at the writing. and i quote from mike huckabee that president obama does not take iran's repeated threats seriously. for decades iranian leaders have pledged to destroy, annihilate and wipe israel off the map with a big holocaust. donald trump continues to climb in republican polls. let's talk about this. i'm joined exclusively now. a great team to be discussing this, republican strategist ron christy, former special assistant to george w. bush and joe trippi, he's a democratic strategy and a fox news contributor. they're both smiling but it's really quite serious. you have to begin with you, ron, from the republican side right now. are all these personal attacks distracting from the real issues that americans should be caring about? >> no question about it, if you look at fact we have so many people in this country underemployed, looking for a job. the high threat of terrorism is as high now since 9/11. we're talking about donald trump. this is a sideshow. makes the gop look bad. you have one republican candidate trying to outdo the other to invoke trump's name and get in the newspaper. no. if they want to run and win, talk about the issues and not donald trump. liz: and suddenly mike huckabee jumps in and now we're all talking about mike huckabee. but joe, in what world should pursuing a diplomatic strategy, at least an effort, whether misguided, according to people, be equated with a nazi leader, gassing six million jews? that suddenly becomes very, very much a hot button discussion. >> no, there's no reason to do that. actually there is one reason, and that's part of what we're talking about. the reality is in, look, in a field this size, talking with a lot of decorum and not bringing attention to yourself doesn't work. you've got to somehow, particularly with trump now, stand out. and one of the ways to stand out is to say something inflammatory unfortunately. the problem with that is the more you have candidates out there saying inflammatory things or things that are sparked to get attention, as ron points out, it starts to hurt the entire group of 16 candidates. liz: joe, brings the oxygen out of room for the democrats, too. let me tell you something, i was in new hampshire, camp visiting day, the kid's camp. i took the local paper. new hampshire sunday news. i applaud this newspaper because there is a reporter who went ahead and interviewed a whole bunch of the candidates, particularly rick santorum, and he asked rick santorum everything from raising minimum wage, who knew that rick santorum, a republican, is for raising the minimum wage? there are so many issues, ron, right now, whether it's a highway plan or the gas tax or how to fix welfare, that the new hampshire reporters are asking about, but the national media are not. they're jumping all over trump and huckabee saying really hypersensitive issue thing. >> they don't want to talk about the serious issues. they want to cover what's popular. what's sexy, popping. what's popping as you pointed out, we need to know where the candidates stand on the critical issues and turning into a popularity contest trying to get attention. liz: i did see in the "new york times," joe, a profile on bernie sanders. bernie sanders is very progressive and it was a historical how he grew up, in the same high school as judge judy, and i believe chuck schumer. it was a really interesting piece. that's the way he's going to get attention certainly, but it makes you wonder when the democrats jump in and start doing the same thing that the republicans are just to get media focus. >> well, the reality is not a whole lot of the american people are really paying any attention right now. they're just not. only people like me and ron -- [ laughter ] >> the diehards out there. >> yeah, right? >> hanging on every word. and so the problem for rick santorum, for bernie sanders, for all these candidates is, you've got to -- it's about getting attention. later on when you've emerged as one of the two main challengers, or those kinds of things happen, and the entire planet pays attention a month out of iowa. then decorum and the other things matter. but right now the problem is how do you get attention, and you can't do it by setting your hair on fire because the american people don't want a president who sets their hair on fire. that's where this is starting to affect the brand, you know, the entire, when you have -- it's the size of the field, not just trump, but the size of the field driving this. how do you stand out in 16 people? and it's not for saying i'm a little higher this or little more of that. it's by -- santorum, if he says $20 minimum wage, that would be headlines, right? it's a crazy conundrum, i think the candidates are in right now. liz: that's how i found out that rick santorum is for higher minimum wage, from the new hampshire newspaper. props to them for hitting the issues. very interesting stuff. we started with the republican, we'll end with the democrat, fair and balanced. joe trippi, ron christy, thank you so much. >> always a pleasure, thank you. liz: in the next hour of fox business, fighting isis one song at a time? kurdish pop star has been called the lady gaga of iraq, releasing an anti-isis song called risk it all. millions of views on youtube. she speaks with melissa francis after the bell, 4:00 p.m. eastern, 1:00 p.m. pacific. a great news meets business story. closing bell, 36 minutes away. how dare you? how dare you count out pandoria, spotify because apple is joining the streaming race. why you can't say jay-z's baby is out of the music game because apple showed up late. and if you build the high-speed elevator and show them that you can't keep america down, they will come. i'm taking you along for the ride as a milestone is reached post-9/11. wait until you see how this ride ends. it's only the beginning. . . liz: we need to get you to breaking news. appears boston has blown it at least according to some people. the local media is reporting that boston had to withdraw its bid to host the 2024 olympics. now the bid, which was cobbled together by a bunch of really gunning who business people who thought it would be amazing to olympics in boston has been slightly controversial since it was announced in january. it has lower public support, in fact they had a group put together called, no boston olympics.com. the mayor was asked to sign a contract without getting a chance to analyze the how the games would affect costs to taxpayers. here what he said in the half hour. >> i refused to put boston at hook for overruns and refuse to commit to signing a guarranty that uses taxpayer dollars to pay for the olympics. liz: so the decision throws the bid process into a state of flux. there are only seven weeks left for the u.s. to nominate a city. if it does, los angeles says, you know, bring it our way, they had it already. i went to them. it was great. it was great for the city. let's not be myopic, people, olympics should be in the u.s. at least once in a blue moon. fiat chrysler is hit with a record $105 million fine, for failing to alert car owners to recalls in timely manner. let's look at shares of if i chrysler following the settlement. they're down nearly 5%. something happened this weekend. something that should make you realize that despite the very real fears from isis and al qaeda and how hard the terrorists try to keep america scared and paralyzed they can't. yesterday, the new world trade center and it is 102nd floor observatory welcomed its 500,000th visitor. exactly two years ago i went to one world trade as it was being constructed to go up in the service elevator to get a feel from the developers what it might be some day. so we thought we should take you back now, two years after that video was shot, to show you that some day is now here. ♪ it is a little hard to envision but this is what will become the lobby of one world trade center. here we are again but this time it is not a service elevator. it's a elevator all the way to the top. ♪ we're joined by scott rechler, the vice-chair of port authority and ceo of xr realty. >> great to have you back. liz: we'll go up in the fastest elevator in the world. ♪ popped my ears. >> welcome to one world observatory. >> liz, we're on the 102nd floor. liz: okay, we're here. >> one world observatory. last time we were here this was just a construction site. liz: here we are in the observatory two years later. what is this like for you, scott? >> it's one of the most gratifying, i guess validating experiences. we always say you would built it and people will come. legends built this observatory, opened it up in the end of may. since it has had 10,000 people per day, almost 500,000 people now this week. liz: like the empire state building which makes a ton of revenue by letting people go to the top to see this incredible view had projections making $850 million over 15 years for the port authority from just this experience. are you trending? >> we're pacing ahead of that. they made a something must come place for anyone coming to new york. liz: after the first big anchor tenant arrived, conde nast magazine and media giant others are starting to follow. >> we recently announced moody's might be coming to the building. liz: that is your first high finance organization. >> first high finance. world trade center development site has become a magnet for media and technology companies from across the time, inc. has come, different world trade center and different downtown than our parents and grandparents knew where it was frankly financial services. news of 21st century fox moving to two world trait center. that will add a whole new dynamic. liz: is that happening? a lot of us will have to rework our commutes. >> i hope so. liz: former world trade center towers, but have any former 10 at tenant come back to the building? >> the response the team at port authority was uplifting t was motivating to them. it gave them the sense of relief that we lived through this horrific event and we came back to something that was so inspiring. liz: you're looking at ceiling filled with these architectural ribs as they call them. this is transportation hub. and here are those same architectural ribs only now, there are people here. this is where the westfield mall and retail space is going to be. two years ago, nobody. >> no one. liz: now? >> these stores are all going to be filled, 500,000 square feet of retail. from what we've heard, from westfield they have over 90% leased already of, world class tenants. liz: i'm hearing bobby brown, is a fora, michael kors. i hear apple will open a storm. >> i can't confirm who is who is not but they have tremendous demand from greatest retailers as well as food venues. this will be experience, not only shopping experience but living experience. look at all the people coming through here. when you and i were here last time, just two of us down here. liz: it was cavern news, it was a complete construction zone. it represents the spirit of american real estate and entrepreneurial spirit. >> so much of the site, we said we would do it. it was hard. there was a lot of controversy but ultimately we got it done. liz: has it in retrospect been worth the battle? >> absolutely. the final product speaks for it all. the reit about of lower manhattan. by battleing through the challenges this is the foundation of that rebirth. liz: two years ago we promised we would come back and dot update. that is what we decided to do. if you're completely claustrophobic and couldn't go into the sears tower elevator. the walls are led screens and show the history of the new york. before you know it, you're already there. no complaining. 32 bucks to take up the elevator. hope you try it. closing bell, 24 minutes away. remember when the country had cash controls. we'll have latest coming up for you. activist investor nelson peltz has had his eye on one company's earnings as a perfect platform to push for changes at that company. charlie gasparino on the latest episode of this soap opera next. ♪ new york state is reinventing by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business liz: creditors heading back to athens this week. getting back into their hotel rooms. what are they growing to do? they will start discussions about greece's third multibillion euro bailout deal. senior negotiating staff will arrive later this week. greece's stock market still remains closed until a new decree is released a lot of banks when they stopped trading three weeks ago were at six or 10 penny as share. let's get to chemical giant dupont. it is getting ready to report its earnings tomorrow. it will be a big deal. why? because activist investor nelson peltz is whoeverrerring. will he -- hovering. will he gear up for another proxy war. we have senior correspondent charles gasparino. charles? >> i don't know he will do what he did last time. i'm not an expert on proxy battles, you have to wait a while before he fileds the last one. it was rejected by investors. he has to wait another year. he has his eyes clearly on dupont and behind the scenes and agitating. what we hear from people closest to mr. peltz, if the earnings come out tomorrow from dupont and they underperform you will see him reignite so of his attacks. announcing second-quarter earnings before the bell. we could do everything from pushing for more board seat at some point to possibly getting rid of the current ceo. replacing the current ceo with somebody else. we do know that mr. peltz has approached board members, mr. breen and what is the other board member's name, galgi. approached both of them to see if they're interested in taking over for miss coleman, ellen coleman. both have said no at least so far. but he may go back at it. liz: what is at stake in this company. >> listen, none of these guys have huge stakes. it is something like a 3% stake. they have enough -- liz: big enough to make a difference. >> big enough to make a difference. like carl eye can's stake in apple. didn't have the biggest stake in the world but he could advocate for a stock buyback. it is kind of interesting if he comes back at dupont if he wants to get rid of ceo. hillary clinton came out and said this type of activism is barred what she called short -termism and activists are hurding long-term performance of companies. if he comes back at it he would be thumbing his nose at potential president of the united states. liz: i will is still fascinating to watch activist investors get involved. this is one of those believers that this the company could be better off with him. >> he wants better management at the top. he mass never outright called for miss coleman to sit down, ellen coleman. liz: why not? >> not outright but behind the scenes he has agitated. i'll tell you if she misses earnings, if there is a big miss, and something that looks really gnarly in tomorrow's earnings, from what i hear from people close to him, that is when he rubber meets the road and may come out publicly that we need a change at top. he approached mr. breen and mr. galgy, that they have no interest in taking over that job. if he pushes her out and shows the market she is incapable of doing the job he will go back at it. we should point out since he has been out of stock, well, not out of the stock, since he lost his proxy battle, the stock has gone down. the stock has not performed very well. liz: charlie, thank you very much. charlie gasparino. the numbers come out tomorrow, maria bartiromo's show. we'll have the numbers second they come out. have to see that. closing bell 15 minutes away. cue the battle music. who has the sharper sword to win the streaming music fight? whose sword can slice apple into ribbons. we battle it out coming up. ♪ that's a sensor. using ge software, the light can react to its environment- getting brighter only when it's needed. in a night, it saves a little energy. but, in a year it saves a lot. and the other street? 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[ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. liz: clearly apple wants its cake and to eat it too. the federal trade commission is hoping to stop apple mid bite. hold off on the fork here. ftc launchance investigation into apple's dealings with competing streaming services in its app store, particularly here ask where it gets weird, apple's 30% fee charged to subscription services, re, competitors, who sign up new services through apple's app store. we have billboard editor jim oswald. the celebrity reporter is here sitting here because jay-z has a huge investment, personal, emotional in one of the competitors and that is title. >> yes. liz: are you counting title out because apple joined the streaming party here? >> i'm not counting them out. if you look what they have done, despite negative publicity since january, they have gone from 500,000 to one million subscribers. and i think the end game for this company is probably a liquidity event. the fact is, they don't have to overtake apple or spotify or pandora. all they have to do is get to a point where they're attractive acquisition target and all the 18 owners that own the company will see -- liz: including kanye and madonna. >> right. >> jim, spotify and pandora have been around a lot longer than apple streaming. apple jumps in charging all organizations and these companies a lot more to be on the website, to the app site, correct. >> right. liz: do you think the federal trade commission has a case here? >> they could. apple lost its case when it came to ebooks a while back. liz: that's right. >> what they have to prove they have to prove apple monopolizes this market which you can't really saw because of droid and other services and they also have to prove that they're monopolistic and -- blending in the word, you know that they're a violations there. so it is a long way to go. liz: lee, is it anti-competitive to charge them so much apple knows in turntide dal and spotify will have to charge their people more and therefore apple becomes more attractive? here are the prices here. 9.99 for apple, right? >> i think they're set up the way they're set up. it is very, very convenient for them to possibly do this but they have not shown results yet. so if they become dominant in the streaming industry potentially anti-competitive but not yet. liz: what do you use? >> spotify. liz: spotify, so do i. my kids love spotify. it is so easy. >> they're all the same to a degree. when you get to the streaming services down to it they're not that much different. what apple is doing to stand out, radio service, beats one. it is splashy and sexy with lots of exclusives. i think that is the way they make themselves stand out as well as converting people who don't really know what people is at. apple is very good forcing people -- liz: what is jay-z looking at? >> jay-z is looking at value of live concerts he is streaming and sporting events and he is saying we'll have a chance to own that content eventually which makes us more valuable as an acquisition target. that is where artists make money, not on royalties but selling this company. liz: linking it into a okay kulis rift virtual reality. jim you say don't count the other guys out? >> no. i don't think so. there is enough room for everybody now. liz: we'll watch the federal trade commission investigation. thanks to "wall street journal's" lee hawkins and billboard's jim oswald. we're seven minutes away. you see the lower band. markets are still under pressure head of the close. we have 171 s&p 500 companies reporting through friday. which names should you be watching that you may not own but actually set the tone for the whole market? the answer, next! ♪ iran keeps their nuclear facilities. military sites can go uninspected. restrictions end after 10 years. then iran could build a nuclear weapon in two months. iran has violated 20 international agreements and is the leading state sponsor of terrorism. the has unlimited access is thatto information,tion no matter where they are. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good. to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ liz: the earnings flood. one of the busiest weeks for earnings. with 150 s&p companies reporting which names do you watch? jim frischling is back. which names of the 170 you are watching? >> it is fun week for internet. facebook, twitter. we came off amazon's shocking performance. i'm interested to see how the companies will fare. 75% of the companies beat their earnings estimates. yet it has been challenges on revenue side. headwinds from europe and china we talked about. liz: strong dollar. >> one of your earlier guests said lower energy prices are good for consumers. that will help them spend. energy sector weighs heavily on u.s. companies and might outweigh the consumers. i interested in how the internet companies are doing, there will be headwinds on export side that will hit non-internet companies. liz: we're five hours away from china and hong kong markets open tonight. what happens they tanked yesterday because that colored our markets red? >> they're throwing everything at this thing. limiting large sales. going after shorts. limiting, putting a ban on somewhat questionable ipos yet the market is still in somewhat after free fall. i don't think they can support it this thing. think thing needs a find its natural place. i think we see further selloff from last night's action in china. liz: jim, we're looking at oil four-month lows. commodities shouldn't that really matter to our viewer investors? >> i think it does matter. the question cheap gas is more money in the consumer pocket. liz: what happened to that? >> truly great thing. benefit side, highest paying jobs particularly areas like north dakota and certainly texas come from the energy sector. with oil, what solves oil prices is low oil prices f it is low they leave it in the ground and curtail the supply. the fact is, falling oil prices is a tough hit for stocks. liz: he is watching twitter and linkedin. a lost internet names. thanks, jim frischling of new oak that does it for us with "countdown to the closing bell." melissa and ashley webster in for david. take it away. melissa: all right. donald trump surging at top of the poll in new hampshire, neck and net with scott walker. first debate is only 10 days. >> 10 days, wow. massive merger in allergan 40 billion-dollar deal for it is generic business. melissa: enduring death threats from isis and condemnation from her own family but will not back down from her fight. we have helly love. >> interesting story. the 2020 olympic games nobody wants to host as boston says no, thank you very much. at spending or taxpayer money. melissa: as closing bell sound on wall street, here is where major averages end the day. dow, s&p, nasdaq all down for the fifth straight day. [closing bell ringing] this is the longest losing streak in six months for the major averages. a tough day. >> tough day. we knew it would be after what we saw happen in china on this monday morning as liz alluded to. reopening later on tonight. interesting to see whether which can stop the bleeding in china. markets of course, bells ring. they're all happy. they're all smiles. will be that way regardless what the market has done because it is exciting to be down there at new york stock exchange, starting the session or ending the session. there you go. take a look at those numbers. the dow off about 125 points. china is the culprit for today's decline. shares of beijing dropped more than eight years. lori rothman on floor of new york stock exchange. been following it all day. lori. >> investor in the u.s. took thr