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tv   Countdown to the Closing Bell With Liz Claman  FOX Business  October 15, 2014 3:00pm-4:01pm EDT

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live coverage of netflix earnings on "after the bell" straight after this. that is all we have for now. i hope you are somehow make money today. the market is down 279. much worse earlier. liz claman and "countdown" starts right now. liz: lower 460 points, melissa. a slight comeback, breaking news, sell-offs the past few days but nothing like this. the dow jones industrial average at the moment down 274. this, as we receive word of another u.s. ebola case coupled with lousy economic data and a global slowdown. at session lows, the dow precipitously fell 460 points early in the day when the session opened. down 370, came back and started to fall worse. worst intra-day drop in more than three years. all of the major averages are shedding percentage points. about half a percent for the russell, but everybody else
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down more than 1%. the dow industrials hammered the hardest down 1.75%. and the market turmoil sending the volatility index surging, going the complete opposite direction. up at 27.4. remember the days of 14? that is a three-year high. investors are fleeing to safety, not in the ways that you think. gold up a mere $5.60? this is a number that on many other days if the dollar weren't as strong as it is, it would spike about $30. where do you see the spike? treasury prices, the 10-year note dow, now standing at 2.09%. u earlier in the session, it fell below 2%, as low as 1.858. the first time in 16 months we've seen that element of don't blink because what you're
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seeing on the screen is the intra-day movement of the dow. you can see how right off the bat, this was in the morning, it started to fall precipitously. there it goes, down about 370 points and turns around, came back just a bit, in the last couple of hours, it fell more than 460 points. barely touching it, and coming back, there are several important headlines impact the markets right now. ebola, economic data and, of course, we mustn't forget europe. what you should do right now is duck and cover, hold on for dear life or take advantage of cheaper prices. traders at the stock exchange, cme group and nymex, joining us jo ling kent from the nasdaq, jeff flock at fidelity in chicago on michigan avenue getting great advice for what to do with the long term. john corpena, what do you think happens in the last 58 minutes.
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i've heard different things on both sides of the phone. >> i think no one is convinced this is a panic sell-off everyone is waiting for. i think when we see something like this occur, buying opportunities come into the market, we can see the market bouncing off lose right now, and i haven't sensed that panic when we started trading at the lows, trading at around 400. i think this market does rebound a bit today. the question is what happens tomorrow and friday, everyone is going to be watching headlines about ebola and the effects there and how can this move and spread, and clearly the fed, does the fed use this market reaction? keep the bullets in chamber. postpone tape on the end of tapering on the interest rate talks and where does that come into play sning the fed is in a good spot to watch this unfold right in front of their eyes. liz: whoever is singing, right
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this second, i need to get to elliott warren, people are blaming oil prices, i need to know what's happening here. we're at $81.56 for crude, this should be a positive for the markets. >> absolutely a positive. people, you know, it makes no sense for anybody to wish energy was higher, unless you own the oil fields. this is lower, better for everybody. have you more spending power. you don't want to spend more money on heating oil and gasoline. this is time to take the money and buy more stock, sounds like. liz: to put everything in perspective, by the way, trent to the cme and the floor there which has been rock and rolled. we were watching the futures closed. it went much lower, how bad could it possibly be? really bad at the open today? >> yeah, it did. this morning, you had a perfect cocktail for a risk-off day. with the aforementioned issues
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in europe and china, the geopolitical issues and a bad retail number this morning. i think the sell-off was a little overdone. we're finally got, i think we're four points off of the co talking about for months. the biggest thing is when you look at last 10% corrections in 2011, from a fundamental standpoint, things were a lot worse then than now and we bounced off of those. i don't think this is going to be different. i agree with jonathan, when it's said and done, this is going to be looked at as a buying opportunity. liz: you're 1,000% right, right now it is very hard, jason, for people to be watching, and i bring in jeff flock to this, too. if you're in for the long term, jeff to you first, you're on michigan avenue outside the fidelity. what are they advising people to do right now? what are you seeing on the
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ground there? >> we've been here for the last hour or so listening to investment counselors talk to people. people come in, they're not panicked, what do you think here? and what they're saying is this is a correction that was expected, we may hit 10% before it's over. ebola was a great xhus to have this happen today, the way it has in the massive kind of fashion, but it is buying opportunity, maybe sometime between now and january when they expect things to get better, and to reiterate the same point, fundamentals aren't bad, fundamentals are not bad. you should not be panicking right now. liz: jason, you are out there in california, i know everybody out there gets nervous about germs because i'm a californian, the ebola situation, that second person, that second health care worker out of texas presbyterian who has come down ill, is this something a guy like you makes attention when he's making stock picks and choices on day-to-day basis or forget it,
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turn your back and move on? >> the former, i don't think you can forget it. back in days at good old princeton, i was a psychology major believe it or not. the main way ebola is affecting the market is not from a practical standpoint of how ebola affects the u.s. economy, it's literally 100% fewer psychology. it's injecting a lot of fear into the marketplace. people are pulling back investments. liz: we're showing the frontier plane that the second worker was on, first they got to cleveland. they went from dallas to cleveland. does cleveland not already have enough problems? i used to live there, too. leave cleveland alone, and exposed more than 130 people coming back, not knowing, but had the fever. now you got that group of people who are concerned and it's a risk-off atmosphere, isn't it, jason? >> right, i'm no medical doctor but not close to being proven that ebola can be transported
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airborne, you have to touch something to get ebola. main reason for the market sell-off is the psychological fear of ebola. greece is crumbling right now, the bond yields are skyrocketing, there is the perfect storm, and i think today's capitulation from a pure trading standpoint. i look at buying volume and selling volume, there was heavy buying off the lows today. liz: they were when it came to treasuries that touched that 1.98 and 1.89 and it came back. jo ling kent, at one point the nasdaq fell 111 points. what was hit the hardest? intel, the ceo coming up in just a few minutes. first on fox business, jo? >> one of the biggest stocks taking a hit was intel, it is losing right now. vodafone down significantly, microsoft, expedia, apple, big expensive tech stocks taking a
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hit. if you think there is an opportunity to buy, it is 2-5% cheaper. just to point out silver lining. the chinese stock up 1% not too long ago. the nasdaq 100 overall still positive along with dow transports. there is a little better action. right now the nasdaq only down about 1%, liz. liz: thank you very much, jo ling kent, breaking news on the second health care worker i mentioned diagnosed with the ebola virus, we're learning that amber vinson, the affected patient who was the second nurse, she flew on the frontier airline plane with more than 130 other passengers, just one day before she reported symptoms of the virus. she did, in fact, have a fever of 99.5 when she flew from cleveland to dallas. adam shapiro, what more do you know? >> she's being transferred, amber vinson, the health care
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worker second to test positive for ebola taken to the facilities, the cdc facilities at emory university in atlanta. what's important is the timeline of her exposure. according to dr. tom frieden, the director of the cdc, she had extensive contact with the patient, that would be thomas duncan, the man who died from ebola when he was having substantial amounts of vomiting and diarrhea. but the cdc says amber vinson, despite having extensive contact at his most explosive period that she wasn't part of the active monitoring of the people who had contact with him. then during this press conference, frieden went onto say, she had no business being on a commercial aircraft. listen to him in his own words. >> the health care worker number two, who traveled from ohio on the 13th of october, monday, should not have
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traveled, should not have been allowed to travel by plane or any other transport by virtue of the fact that she was in an exposed group. >> simply being one of the caretakers of thomas duncan, according to dr. frieden, meant she should not have been traveling publicly. the cdc has guidelines for people are supposed to travel. cdc guidance, called control movement. you can go in a chartered plane or a car, you don't have to be ill. if you've had exposure to someone who is ill like mr. duncan, you should avoid public transportation, amber vinson did not do that. and begs the question what did the cdc advise the staff at the hospital in dallas about the travel guidelines. liz? liz: okay, all important questions definitely. and throughout the hour we're tackling the ebola situation. we are 49 1/2 minutes away from the closing bell. looks like we're making a
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comeback. the lower right hand of the screen, we'll keep the intra-day numbers up and the chart. very helpful to see where we're going, the ebola virus scare does take on a new twist for the person with the virus. is the centers for disease control bungling the ebola outbreak or are we in new territory too hard to maneuver? we're speaking to a former cdc official who designed an app that's designed to track ebola in realtime and maybe even solve it. intel jumps into the already crowded smartphone market, it's a two-for-one brand new pad phone x mini. what this phone is capable of doing. i guarantee it does more than your current iphone. we'll find out how it factors in intel's quest for domination in the chip business. brian krzanich, we'll talk to
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him about that, the sell-off, and so much more, first on fox business, he's standing by right now. ♪ [ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades --
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boeing are shedding 60 points from the dow, responsible for a quarter of the dow's decline. again tough day from the markets, we are coming back, we were below 16,000 earlier. down about 460 points on the dow. now down 294. talk about a dow component here. powering personal computers is intel's claim to fame over the past three decades. the world's leading semiconductor company is stepping out of comfort zone and in a world characterized by dwindling pc sales, the chip powerhouse making a push into mobile. we've been waiting for the next big thing. today the company announced it along with asus and at&t, a brand-new pad phone x mini powered by intel's processor and available exclusively to at&t. you don't need a contract and
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it's prepaid. will it make waves in the market dominated by apple and samsung. joining me from california, brian krzanich. right off the bat, i need to ask you about the market sell-off, intel being a dow component is very much a part of what we see here. you guys do a huge amount of business globally. do you think any nervousness we're seeing today and in the past couple of days might affect your current quarter? >> well, it's a good question, liz, we'll be careful as we watch the quarter play out. remember, we forecasted a seasonal quarter, we didn't expect anything out of the ordinary, and we watch these, we're in a broad set of markets globally across the world. as the issues arise, we're able to adjust sales, move around the world and have operations everywhere that are able to keep the engine running around the clock no matter what's
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going on in one location. liz: i agree with you, you have operations all over the world, and ebola comes to mind off the bat. i've been talking to silicon valley ceo's concerned about this and say we've got to get a plan at our own operations, have you looked at something like that where you at least have a plan? >> absolutely. we always have a plan around infectious disease issues. you know, back to the czars' days when there were concerns and travel restrictions and we have protocols about increasing with restrictions on international travel, how we move around the sites. how we talk to people about their own health and not coming in if you're sick, down to screenings and things like that. back from those days we have a plan we've started to reinvigorate and talk about internally within the company.
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liz: last question on the subject, have you restricted travel to the three african nations? . >> we don't have much travel into there already, but we are going to be very conscience. we don't have offices or operations per se, we have sales that go in and out of there. we are careful how we send people in and whether we send people in and out. we're starting to look at restrictions or limitations. liz: all right, to the pad phone x mini. you have one, i want you to hold it up and show it. lure all the people away from whatever phone they're using now to buy that. >> what's unique about this device, i'm holding what looks like a 7" tablet. if you look on the back with just a quick flip i'm pulling out my phone, i have my phone and my tablet all in one device, and they're interconnected and share data across there.
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so a lot of the problems people talk about, about having two data plans for tablet and phone, wanting a big screen at times with tablet but have the comfort and portability of a phone, a lot of the problems are solved with this device. this is -- we wanted to not just enter the phone business in the u.s. with just another phone, we wanted to innovate with one of our partners, and with asuswe brought a new form factor and share their data. what's nice is the phone is charged off the tablet, you have a longer battery life and capability, and data plan and data sharing is across both devices. it solves a lot of problems people face. liz: it's interesting, it is a crowded mark, everybody is worried about switching over.
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it seems like a very innovative product which leads me to the pc world, surprised on recent earnings, sales up 15%. that doesn't exactly square with the data we've seen globally. is this sustainable? why are you seeing something different where everybody is seeing pc's go down, did that factor tablts into it? >> no, we separate tablets from pc's, for the year on average if you look at the overall market it's flat to slightly up. if you look at third parties against that forecast and there are things like where do you put the slates in tablets between the two of us, especially some of the specific products. i think our numbers average out. what you're seeing here is some of it is share gain from our competitors, some of it is inventory as people build, what
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we think is a seasonally normal inventory as we go into the holidays. they can make it look like it's a bigger gain than what it was and there is growth over last year as well. liz: i see that, last question here, one of your partners made news, hewlett-packard splitting into two. your server business has done so well, do you think about moving that separate from the tablet and mobile pc business to focus on both of those parts separatelyause our business model is built off sharing intellectual property across these. they use the same silicon mores law advantage, they use the same core architecture, the servers use a lot more memory, io capability, we think there is an efficiency gained by having a single architecture, single silicon design and r&d team that goes across that breadth from server to the
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internet of things and the smaller products. they all share a lot of intellectual property. liz: it's working your strategy, up 35, 30 to 35% year-over-year. thank you for joining us, and we want to hear when you hit that 40 million tablets over the year mark. >> i'll give you a call. liz: even if it's 2:00 in the morning, i want to hear. brian krzanich, intel ceo. today is a wild ride and anything could happen during this last 35 minutes of trading. we're going to look what's causing the sell-off and where you can still make money? charlie gasparino working sources and one of the first to identify what may have triggered the sell-off as usual. charlie ahead of the pack, stay tuned. much more ahead. opportunities aren't always obvious.
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markets. at the moment, the dow has cut losses in more than half. at one point down 460 points. down about 228. nice move! nice picture. we'll take it, as ugly as it looks. perspective here. one of the many reasons for the sell-off, a potential collapse what could have been the biggest merger of the year. charlie gasparino with the latest on the markets and the news that drugmaker made of the proposed takeover. >> this is the reason why you get in the wild swings in the market today. by the way, tons of volume. charlie grady, our expert stat guy says the highest trading volume of the year is today. this is a wild market and one of the reasons why is because you have a lot of traders like the big hedge funds that control bazillion of dollars, the merger between abbvie and
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schreyer would go through. you buy the company being acquired, you sell or short the acquiring company. what we have -- liz: because usually the acquirey will go higher and the acquirer goes down. >> the reason is it's buying stock or buying the company. so that's the logic. the illogic is when the deals don't happen, what we have is the deals not happening, and as it's not happening, big trading companies like paulson, the big hedge fund and many others are watching their arbitrage that it will blow up. what are they doing? selling stocks, going into bonds. that is one of the main reasons you had a huge sell-off this morning. there are other headlines, ebola weighing on the market's mind. as i'm talking, the markets are coming down, down less than 200 right now. it could be for all i know people are looking at this deal
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and saying okay, we sell everything based on this one deal. remember, there's a lot of factors that go into a trade and where the market is. for the average guy at home. don't do anything, be paralyzed right now. liz: unless you have to because the hedge funds have to sell. >> why should we be paralyzed right now? watch what the fed is going to do. richard fisher told david asman, he'll have more in the 4:00 hour, it's not going to be another qe. he didn't talk about whether rates will go up, short-term rates. you got to watch the fed. liz: whether they will hold off on the final 10 billion they were going to eliminate from quantitative reasoning. it's supposed to end. >> you'll say they will do it. liz: they may. >> as we said, coming back, the market erased those gains. this is the same market, i tell
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people, unless you have to, you know, sit on your hands today. liz: sit on your hands, watch charlie, watch fox business. >> we'll tell when you it's time to really get scared. i wouldn't be adding positions, but right now, i don't think you sell into this just yet. liz: 28 minutes to go here, anything could happen, right? >> listen, if you tell me we were flat today based on the volume you. >> wouldn't be surprised. >> immense volume. my producer has been calling wealth management firms, people are not bugging their broker to sell. this is a trader's market. liz: and we had jeff flock outside of fidelity on michigan avenue a wealthy neighborhood and people are asking questions but not necessarily panicking. and john corpina said no panic on the floor. >> there's only two people left on the floor. liz: oh. >> i can't help myself! >> we love our traders. it's john and nicole down there.
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27 1/2 minutes before the closing bell rings. the dow jones industrial average on track for fifth consecutive day of losses. there are some traders! what's worrying investors. >> there might be 14. liz: should you hit the sell button or the buy button? asking a panel of market insiders about the best strategy for your money right now. and concerns over the widespread ebola outbreak because it's stretching all the way to the u.s., surging after the second health care worker in texas tested positive for the virus, but not before getting on a plane and hurting cleveland people maybe. that's the question. who else could be at risk? is the cdc doing enough to keep ebola at bay? a former cdc official will break down the best way to take on the virus all with the help of your smartphone. already worked with other major diseases. stay tuned. so ally bank really has no hidden fees on savings accounts?
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yeah... i do... try a new way to bank, where no branches equals great rates. . liz: we're going to call it a comeback, while we are having a sell-off with 22 minutes to go. look at comeback the dow is starting to show. down 182 points. at the low of the session, down 460. a nice move, closer to the flat line and the dow industrials trading back above 16,000 at 16,135. i need to go to nicole to find out what is bringing us back, is there a sector helping or hurting? >> what a busy day on wall street. materials are starting to show a little green. i wanted to tell you, this is jeffrey frankel of stuart frankel and company. they are in at 6:00 in the morning, one of the things he said to me a short time ago, what do you do? are you worried? he said you know what i'm
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advising clients, you pick up some. you are never going to time the bottom of the market. you pick up some, you know it is oversold. down 900 points since last week, of course, that's off the lose. we're seeing financials as the worst performing sector. nine of the ten sectors are lower. financials are weak, and despite the fact you saw some of the financials with numbers over the latest quarter that were pretty good, pretty decent and good outlook overall, that group is still very, very weak, jpmorgan a huge laggard on the dow jones industrial average and weighing heavily. wouldn't it be nice for the bulls and 401(k)s if you close down 164 points rather than 460 points. liz: the russell up a percentage point, the transports have turned positive, and the nasdaq which had been down 111 points, the
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nasdaq is looking a lot better at the moment. it is now down just four, could very well go positive, we're not sure. but at the moment, we're seeing absolutely that. a much better picture than what we saw either this afternoon or this morning. thank you so much. back to confirmation earlier that the second texas health care worker tested positive for ebola. that's raising questions whether the hospital and federal health officials have a handle on containing the virus. bringing in now in a fox business exclusive interview, we need his analysis, former cdc epidemiologist dr. joel thelanikio. we want to know what magpie is. there is belief it could help solve the ebola crisis, you created it. >> magpie is very simple, helps to automate the processes in the news like contact tracing. i think most americans before
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dallas didn't know anything about patients needing to be traced, they know patients needed to be treated in the hospital. all the potential people on the plane, on the cleveland plane need to be monitored, isolated and tracked. we need to collect information every day about symptoms, we need to collect information about whether they're running a fever. all that information needs to be processed efficiently. in the united states, there's a fair chance the cdc and health officials are doing that using tools. in west africa, the source of all this problem, most of the information processing is done on paper. liz: i'm sure. i'm sure. >> we need to be concerned about this just as if we heard people in west africa were using postal mail to communicate their concerns about this problem rather than e-mail or text or phones. liz: mobile data collection that can very much be realtime, would it have -- this is a tough question, try and answer
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-- would francis p. maglio & co. -- magpi have stopped the worker from going from dallas to cleveland. >> it would make it the option to not travel as opposed to make it mandatory to not travel. liz: now you're getting into the cdc and local hospitals and you're a former cdc guy, what are we not doing that we should be doing at this minute? >> one thing is restricting the patients from traveling, now i understand they will be restricted from traveling. keep context here, we have two people in the united states who contracted ebola in the united states. two out of 300 million people as opposed to the 30,000 people that die each year from car accidents. i'm not worried of a widespread outbreak of this very difficult to contract disease. i'm not worried.
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health care workers have a right to be worried, they're at high risk and health care workers in africa are at higher risk. we need to track, trace and treat more effectively. liz: definitely mention when you talk about the worries and the concerns, that goes straight to dallas and all that's happened there. the mayor says things will get worse before better, and prospective 3,000 people die of the flu every year let alone 2 from ebola. this seems to be so misunderstood at the moment, isn't it? >> liz, you know the guys in the nba play great basketball because they're talented and practice every day. cdc can't do ebola every day because it only happens sporadically, it's difficult to be constantly prepared for a -- for an event that's only going to happen every five or six years if it happens at all. given the context of it being difficult to prepare for something like that.
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they're doing a good job. liz: doctor, as we leave you have the cdc or national institutes of health asked to use magpi, i know it worked tracking a polio outbreak in kenya? >> sure, we haven't talked to cdc but other federal agencies, particularly ones that are doing a lot of activities in west africa and ngo's and agencies in west africa. magpi is used for contact tracking. liz: the former cdc epidemiologist and magpi ceo. thank you for joining us. >> thanks, liz. liz: 15 minutes away from the closing bell. the comeback continues, down but definitely not out. in fact, back in, could it get ugly in the final minutes. tracking the market's every single move but the russell, the nasdaq and the transports have now turned positive. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops, tdd# 1-800-345-2550 even on the go.
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. liz: technically we're nay market sell-off, take a look at shares of time warner, up about 2.5%. this after the company said it will now offer hbo offering as a streaming broadband service, making popular hits such as game of thrones available to all you hysterical fans who don't currently subscribe to cable. time warner's move is good news for hbo fans everywhere, not so much for netflix shareholders, shares of the streaming video company since recovering, back into the green but up about 45 cents at the moment, a fraction to the upside. netflix reporting after the bell along with ebay and dow
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component american express, axp, we will bring you the names and numbers when they cross the wires. at the moment, we have red on the screen for a second, the nasdaq tried to make a go of it. it's dipped into negative. the russell holding onto green as well as the transports. is today the day that breaks the bulls back. joining me jim bianco along with david rainey hennessy focus fund manager, wonderful to have you both. jim, the word capitulation has come up maybe earlier today, is what we're seeing that market giveup? the straw that breaks the bulls' back? >> not the stock market. you might have had it in the bond market today. you had one of the more extraordinary moves in the history of the bond market, i've been in the business 30 years and today is one of the top two or three wildest days in the bond market. liz: tell us why, we did dip
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below 2%, you can see we are at 1.89 or so, 88? >> 1.86. one of the largest moves that the bond market has made, and we've been trading them for 200 years is what we saw in the bond market. you probably had a capitulation in the bond market. among the bond bears, bond bears are calling for stronger growth, higher rates all year and a lot of them could not take the pain of a yearlong rally in bonds and got out of the trade this morning in a very painful way. the bond market has been driving this whole thing today for the last week or so with its relentless falling in yields, and today we've kept it off with one doozy of a day. liz: indeed, today or more long-term, that's david rainey's level. and in ten years your fund returned about 10%. have you done very well through serious crises. everything from long-term capital management to the
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explosion in the housing market. on a day like today, what does a guy like you do with a fund of about one billion? >> we've come into the market with 10% cash or so. bright red days, we're looking to put money to work. liz: what were you buying? >> actually, i can't say that specifically, but i would say that we've got names on a watch list that we often add during times of market volatility. names that we've studied and researched for a long period of time, we're waiting for the rice price. on days like today and over the course of the last month, we're quite active. liz: american tower, reilly automotive, carmax, i'm talking long-term. would you add to positions around this time, not necessarily today. >> american tower, o'reilly, carmax are favorite positions, if we're willing to go to bed with them overnight, we're willing to reinvest the next
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morning. you know, our average holding period is about 6 1/2 or 7 years. we think these businesses have fabulous earnings runways ahead of them. liz: remember, a year from now, maybe ebola won't be a story, jim. as you a researcher look at different metrics, what, aside from the bond market, jumped out at you? >> as far as today, it has to be the volatility in the market. right now we're starting to see the same volatility we saw when the u.s. got downgraded in 2011, volatility is a sign of uncertainty. even though the markets bounce back today, it's one of the worst days of the year. liz: as an investor what would you say to people? sit tight? >> as an investor, you've made no money this year, you've lost a lot of money in small-cap stocks. you see commodities going down, crude oil going down, and interest rates going down. is there a story there? a story of weak growth.
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that fits all of that. that has been the story we've been in denial of all year and i would be in no hurry to jump back in the market because the earnings are not great. they're not terrible but not that great. the growth story is not there either. liz: david who is jumping in precisely with the laser focus. >> absolutely. liz: as we finish up here, looking at what you're going to do for the next couple of months, do you stay away from europe when the u.s. looks like the best thing going. we had jim mccormack of fitch ratings saying the u.s. is the best thing going? >> it is. the forecast for gdp growth rate to accelerate from 2% to 3%. that's a large change. we think companies undergoing industry-specific changes can take advantage of this improving macroeconomy. liz: david rainey of the hennessy focus funds and jim bianco, wonderful to have you, jim is with jim bianco
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research. thank you so much. calm, cool, collected. right now. the closing bell five minutes away. what we're going to do is plan to go inside the sell-off. the dow initially tanked 370 points in just a matter of minutes. that was hours ago. and then of course came back and fell 460 points. david asman had an exclusive conversation with dallas fed president richard fisher, a voting member, he makes market moving comments you need to hear. matters in the big picture. "after the bell" after the break with the loss of earnings. stay tuned.
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dierdre: we are just hearing now. volume on big board is heaviest
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>> back and forth action. trader said we did 15,000 points, up down, up down. you're right, our lowest point we were down 460 points. the people who were long, they're pretty happy we made some of that up. david: look what is happening, in the comeback. we'll still end down. no way to get around that. russell 2000, small and mid-sized caps, that show us what will happen of future of bigger stocks. look at that. up over a percent. >> they're beaten down still. making a come back today. dow not able to do so. still another 30 seconds. we cross ad bill share mark here. 5.5 billion on the composite. that is the most we've seen in 16 months. liz: 16 months indeed. perhaps one of the mostinteresty to the slight comeback of the
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10-year yield. [closing bell ringing] the transports which had gotten hammered. as bells ring, the transports see a gain of about 21 points. let's see how your stocks and money finished up. dow jones industrials coming off a very deep cave of a floor. down as much as 460 points. down not nearly as bad, down 172. russell, one point of green, up about 11 points. a big comeback there. look at nasdaq. david: exact mirror. 1.06 for the dow. up 1.06 for the russell up. liz: nasdaq had another 100 added to that earlier. so much more to discuss with netflix earnings coming. "after the bell" starts right now. david: what a day to have you with us and it ain't over yet.

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