Is always about money. Melissa start with a look at the markets. The dow in a free fall, down more than 200 points on the day, look at that, 223. Looks like were sitting at the low of the session. All three Major Industries april, nasdaq even more than that. We have very own Charlie Gasparino and wall street journal spencer ante. What do you think of the selloff. Much overdue. We need a break. We need a correction. Im still, if youre asking me, i dont give people investing advice, if the fed keeps basically easing on its schedule, taper schedule as it is without raising interest rates, not a lot of placeses to put your money. Has to be in stocks. Melissa spencer . The stock market is going up on upper trajectory. It was due for minor correction. There was more major correction in the spring. Is this longer term play . Hard to determine. Melissa we had tendency to ignore bad news. What changed . Israelipalestinian issue is getting worse. Could threaten Global Oil Supplies if it gets worse. Melissa greg, what do you think . I think it goes further down, maybe not right away, if you look, we talked about this on the show before. There is no jobs recovery. Without a jobs recovery, you cant have housing recovery. If you look leading the market down, global issues are there, housing stocks, for example there, is no recovery going on there. That is because there is no job recovery. There is a political story we should talk about. The obama, the stock market can in the rely on the obama economy. I dont care what anybody says. Melissa it is about the fed. It is all about it. Every time president obama takes credit for this market he is crazy. Zero to do with him. This economy just does not give confidence to traders. Melissa meanwhile were watching this. Apple also feeling a sting today, product delays, smartphone slowdown, threaten to upset the applecart. This stock is getting hammered. No apple tv set this year is what has leaked out. Ceo of best buy saying penetration has gone as far and fast as it can in terms of tablets. Sales are crashing. A lot of bad news for the company . Idc, major tech firm, came out with smartphone numbers for recent quarter and it showed the Chinese Companies huawei, lenovo are grow faster than anybody in the market and getting trouble to apple and samsung. Samsungs mobile ceo on the hot seat. Apple coming out with new phones. That is one reason apple is not selling more than they think they should. Chinese guys hitting them on lowened and that is the crunch. That is the key. Price point. Growth in emerging markets is 300dollar price point and lower. That is not where apple chosen to play in the market. Melissa i want to move on to story you will love. Bill ackman starting to regret his illfated attack on herbalife, calling his own presentation a quote, pr failure. Sometimes im my own worst enemy. We all are. He is not only one. I will say this about bill. Bill is a very good investor. This showed his weak underbelly. He gets emotionally attached to these stocks. I think, listen, he might be right about this company not being a great company, but going so far out on a limb to say its a fraud, he put himself in bad position. Now he is paying for it emotionally. You never get emotional. Ace greenberg, recently passed away, great investor, will always tell you, this isnt emotion. How do you win, how do you lose. Minimize losses because you make gains down the road. Melissa greg, if it is pr failure, it is pr victory to go out back into the media to say i just had a pr failure, im my own worst enemy or do you be quiet and go to the sidelines for a while . Especially on earnings and herbalife missed earnings and stock in free fall, but it is not recovering. He could have just said nothing. Right. All the way around, today would be a great day for bill. Underscores, just, the problem with bill ackman. This may not be a great company. Weve all melissa they have a lot of problems. Despite lebrons decision, came out with big hullabaloo, he overpromised and underdeliverred and now with the mea culpa. What is says about bill, he is wait out there. Threehour presentation. Melissa goes allin. That is way you play it. That is not how you play it with the investor. This might be a crappy company. Melissa gopro looking camera ready trading in the green ahead of its first Earnings Report as public company. Look at that, battling back in what is a Terrible Market right now. One of the only stocks out there winning, up about 100 . Camera, small camera company. Melissa small camera company, and a lot of people raising flags warning folks, among them jpmorgan, saying that theyre facing declining camcorder market, lack of available products. Competition on the horizon. Increasingly encourage people to go out there to take huge risks to jump off things with this camera on. If somebody really gets hurt there will be backlash against this product. At the same time watching stock soar. Where do you come down. Zero percent interest rates, the market is selling off you have to put your money. Melissa this is spencer ante in the video by the way. [laughing] janet yellen talking about these tech stocks being overvalued, she was right but she is the reason why. Melissa thats true. Spencer what do you think. Great product. Promising company. Kids love it because of extreme sports connection. Melissa right. Trading 65 pricetoearnings ratio. You remember flip cam . Melissa i loved it. I had it. I still have one. My kids love to play with them. Smartphones got better and disrupted it. Let me finish my point. Melissa he is right. Wearable computers coming on in different form factors and new technologies could disrupt gopro like flip cam. One of the good things not being techsavvy like myself, these products come and go you dont even notice it. Theyre gone. Melissa on that note, tech bnb Offering Services during natural disasters. This is smart. Cities everywhere trying to get rid of airbnb. What do they do . Make themselves integral in emergencies. Well find people to play. Is this genius right, ceo genius. Absolutely genius. Shows power i think of combination and business and social media. What you can do with it. There are a lot of great things you can do with it. There are few Companies Taking advantage of it. Gopro is another one taking advantage social media. Someone who lived in new york city, most of my life, new york city, westchester, county, you name it, there are rent regulations. I dont understand how this company survives in new york. Melissa by cozying up to the government and working out a deal where they can continue to exist. Cozying up to the federal government. They have to cozy up to the state government. Melissa this is San Francisco talking with doing it. They want to work with the government in portland, oregon genius. Uber is challenging taxi regulations. A little different. Not saying same thing. They will challenge government regulations because they will work out a way people will love this thing. Rent control, new york city has survived decades. Melissa really entrenched. This is one of my favorite stories of the day. Resorting to drastic measures to get college kid in the door, busing students in from College Campuses calling it a shopping party. Put all the kids on buses. They send them to the store. Theyre having lip sync contests on board but cleverly giving away free food. You offer college kids free food you can could probably drag them anywhere. Free beer would work. Free beer always works. Free food doesnt work. Melissa worried about liability. Forces to retweet it . For free food to a College Student could get them to retweet anything. Lundgren is one of the best ceos in the space. Think how anachronistic a Department Store is with millenials. How they grow up shopping and online. I think is very smart thing. If you do it well, ive been in other industries where we bused people in events. You control the message from moment they get on the bus. Control the entire brand experience. It is very sharp. Melissa is it sharp . Does it show how desperate they are . As former ceo of hostess a major company, desperate or really smart. Brickandmortar is desperate in some sense. They are trying to build the bridge and stay in thes space. Macys done exceptional job with Department Store space. Not all with other players in the space. Melissa thank you very much. Coming up the droid youre looking for. They might have taken over your job. Plus all eyes on tesla. The automaker set to report after the bell. Will iron man make wall street swoon . More money coming up. Melissa markets are deep in selloff mode right now. Lets go straight to Nicole Petallides on floor of New York Stock Exchange with more on this one. Nicole what is the chatter down there . Into a few things people are focused on the argentine debt. That is certainly one. Second time weve seen argentina default in 13 years. That becomes worrisome. Despite the fact we heard yesterday and today there were possible fixes and last minute negotiations that didnt really help the market. Geopolitical concerns. Israel, gaza, you had a guest talked about oil. That could be something as well, russia. We do have all the things sort of looming. Then you have tomorrow, the monly jobs report. Concerns about a housing recovery that may or may not really be in full force. So just uncertainty and runup that weve seen gives an opportunity to pull back. There are people who really look for opportunities to sell. Some of the losers. Energy has been under pressure, exings exxon and verizon. Vix is jumping today, volatility and fear gauge. Back to you. Melissa nicole thank you. Tesla down a few hours before quarterly release, the electric car Company Confirming a partnership with panasonic. A new planned model 3 car targeting mass market. How will this change the company and investors . We have jared levy from profitable trading. Com. And simon constable back with us. Scott, what is your biggest question going into earnings and the call today . Well it is really the gigafactory and how utilized it will be once it is up and running. That could be a real gamechanger i think for tesla. Melissa what do you mean how utilized it will be . Well the whole point of when the patents were released a couple of months ago was to get more people to need and want to use these lithiumion battery packses. Less la right now is switching over to the tesla is switching over to the model x, which is crossover model s, nobody expects huge sale numbers. The real Sales Numbers are going to come in 2017 when this model 3 arrives. Melissa jared, what are you listening for . It is not not about what is happening now. It is quantifying what the gigafactory will be about. By the way there could be interesting angle. As they spin lithiumion batteries into home power storage and make making our grids more efficient. I want to hear some talk on that specifically, when, where, how the factory will be produced an that are participation. I like tesla. This is not the actual numbers and about the vision and keeping that vision and excitement up. Morgan stanley has good notes. I would agree with them on tesla. I would be owner for long term here. Melissa simon, you talk about vision, how do they make their way into the mass market, not just highend what were talking about. What do you think the odds are there and listen to on the front. I think odds are low. Unless they get battery faster charging. A faster charging battery would be useful. Fill up gas tank, half a minute and done. How long the battery lasts will be important factor. Third thing is, can they survive without government subsidies . Melissa jared, what do you think about that . Well, okay the charging thing, first of all, i was a big, there is lot of contention nobody will sit there to charge their car for eight hours or hour. Now down to half an hour. Reality were socially adapting to do this. A lot of people i know bought teslas changed their lifestyle. Melissa how many people do you know bought teslas. I have 30 friend that own teslas. Ive driven them. I was going to buy them. Melissa really. Dallas theyre popular. There is centralization of populations. Melissa in dallas, youre in dallas and people are buying electric cars in first of all gigantic place. You have to be able to go far. Second of all, this is the oil and gas capital of the world you have 30 friend . I got at love friend with bicycles. Melissa right. Thanks, guys, good stuff. Internet uses its powers for good. 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Call and for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch to Liberty Mutual insurance and you could save up to 423 dollars. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Melissa lets get a look at markets right now. You see the selloff continues. Were down 1 1 3 . 225 points on the dow. Zap trading lower by almost 1 1 2 . On percentage basis. Melissa nasdaq is getting hit the hardest. It is down 1 and 2 3 . Telecom getting hammered. Really everything. The standout is health care as well. Trading lower on the day. We told you how the deadly ebola virus could be a plane ride from the u. S. It turns out it almost was. One man who died of the virus flying from liberia to nigeria, had plans to travel to the United States in the next few weeks. Quarantine officers placed at 20 International Airports across the country. Should we be worried about all of this . Fox news medical ateams dr. Manny is with us now. This is the fear, one plane ride away. Plans to come here in august. Look, out of nigeria you have thousands of flights every year that go either to europe or to the u. S. You know, and the problem is, that you know, theoretically it could happen. Incubation period of ebola is two days to 21 days. So you could argue that, you know, you may have ebola virus in you, it is incubating. Get on a flight, come to america, then of course within three or days develop full symptoms. Melissa yeah. So right now theyre taking precations in air precautions in airports. Looking at people an signs and symptoms of flulike illness. Melissa level 2 alert for travelers. Jfk a alert is out. Quarantine officers, standing by looking for symptoms of the disease. Look this is something weve been saying all along when the story broke. This is epidemic out of control. It was anecdotal group of cases here and there. Now you have thousands of people infected and there is no control. Liberia shut the borders. Health workers are leaving. They dont want to work there anymore. Top scientists in the area have ebola disease. Theyre perhaps flown to america or germany. Melissa let me ask you about that. The e. U. Is saying on high alert. Germany agreed to accept ebola patients. Welcoming in the u. S. As well . These are top scientists. Three scientists in particular, two americans an one from i think liberia who are, basically people thatve been working on the research and controlling this. Now theyre affected. They are getting treatment in that area but it is not working because ebola is very dangerous virus. Now theyre, sort of like a humanitarian effort to save the lives of these scientists. They might be flown to germany or here to the u. S. For experimental treatment. Melissa should people in the u. S. Or germany be worried about that, fearful . The transmission of these people will be almost like a military operation, a special plane, special hospitals, special equipment. You know this is, this is a level four what they call a level four infectious agent. So therefore, it is maximum security to the end. So it is going to be, just that. You know, but it has to be done. Do you think u. S. Would accept them and do this. I think so. They have to. I mean they have to. Absolutely. They have to. The question is, the other side, were talking to a scientist this afternoon this afternoon developing vaccines for ebola. I want to see how far and quick well see a vaccine. Melissa i want to turn to happier note before we let you go. First comes love, then comes marriage, then comes the baby thanks to the government furlough . Nine months after the 16day shutdown, hospitals in d. C. Seen 33 up tick in bundles of joy. Im up, 33 this year in numbers of babies registering at Hackensack University medical center. Every time i deliver one melissa they want to continue to be productive of . Theyre not at work but want to be product they have. Anybody with time off, they think of couple things, including you know what. Melissa dr. Manny. Thank you so much. Call to hike the minimum wage getting louder but at what cost . Plus, got a parking ticket. Theres an app for that. The new fix that will fight your parking tickets for you. Piles of money coming up. When folks think about what they get from alaska, they think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence.