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tv   MSNBC Live With Thomas Roberts  MSNBC  January 15, 2016 10:00am-12:01pm PST

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good to with you with me. i'm thomas roberts. we want to begin with breaking news. the dow currently down more than 400 points right now. it was down over 500 points earlier today. it has been a really rough friday on wall street since the opening bell. just three hours now until the closing bell. we have team coverage of what's happening from wall street, all the angles covered for you as we watch now that psychological benchmark of going south of 16,000. i want to bring in msnbc business and tech correspondent olivia sterns. i know we were just talking about this and the benchmark but explain why we are seeing such a fluctuation. >> it is ugly out there. there are sort of two things traders appear to be keyed into. one thing, they are very worried about what's happening in the chinese stock market. the other thing they are really worried about is this incredible plunge we have seen in the price of oil. so overnight, we actually saw the chinese stock market, the
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benchmark over there, the shanghai composite, officially enter into bear territory which means that market is down 20% or more from its most recent peak. that stoked a lot of concern. then we continue to see the price of crude fall today. oil is back below $30 a barrel which is also pretty psychologically significant. it's off 5%, 6% today alone. there is also, this is coming at a time when iran any day now is about to put its supply back on to the market which is just going to flood the oil markets even further. there's a lot of factors coming together here that are spooking people taking their money out of risky assets like stocks and putting their money into safety of u.s. treasuries. the yield on the ten-year, this is a little wonky, but is hugely significant. it dipped below 2% for the first time in months today. >> olivia, keep an eye on this. we will be talking about it through our two hours. we will go to our colleague sue herera at cnbc world business headquarters. a lot of people might look at this and say you know what, this
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is a good time to get in the market because there are going to be steals and deals to this unexpected drop. >> i think if you are a long term investor that's probably the attitude you should be taking. part of what is also happening in today's trading session is keep in mind, we don't have trading on monday. if you want to get out of the market and you are an investor that trades the market frequently, not a long-term investor but a trader, this is the day to do it because you won't be able to do it on monday. keep in mind we do have trading in other parts of the world on monday. so that's one factor that's influencing the volume in today's trading session. but if you are a long-term investor and have had your eye on stocks like apple or google or ibm or whatever it is, you can get it a lot cheaper in today's trading session if you have the stomach to step into a market that is notoriously volatile at the beginning of the year. we are now off better than 7% and depending on where the close is, it could be worse than 7% for the beginning part of the
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year. so a lot of people expect this to be kind of the watch word for the first quarter and so i would fasten your seat belts because it doesn't look like it's going to be easy sledding in the first part of this trading year. >> q 1, 2016. we will move on to q 2 and hopefully it will look rosier. thank you, sue. appreciate it. i want to bring in yahoo! finance columnist rick newman. rick, great to see you. not for this news, though, because of the fluctuation of the dow being below 16,000. some might think that it's time to get in but as sue was talking about that, you got to have the stomach for it. that's long-term. >> i'm glad to hear people saying maybe this is the time to get in because that reflects some optimism. we need a few people like that right now. obviously things are very choppy. there are unknowns in china, that has a lot to do with this. how bad is the economy in china because we don't think they will tell us if it gets really bad. we are not sure we will know. that's part of the concern here. cheap oil is not necessarily a
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bad thing in itself. consumers are saving a lot of money here. the question is what is cheap oil tell us is going on in the real economy that we might not know. however, it is really important to keep in mind here that this big sell-off we have seen to start the year in u.s. markets is very disconnected from what's happening in the u.s. economy overall. so the u.s. economy is doing pretty well. there are certainly weak spots in the numbers and pockets of weakness, but job growth has been very strong. we are seeing the housing sector come back. we got bank profits today, they were pretty good, they beat expectations. we do not seem to be headed for any kind of recession here in the united states. so at some point you would hope, we will see a realignment of u.s. markets with the u.s. economy which could bring a snap back. i'm not sure that will happen any time soon but that is the longer term outlook. >> yahoo! finance columnist rick newman. hopefully we will have you back under better circumstances. nbc political anchor steve kornacki joins me now. steve, let's talk about how this could affect what we are seeing on the campaign trail for both the left and the right.
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>> yeah. it's interesting. if you think back to that debate just last night, this was a debate that was held on the fox business channel, so you would think the economy would be a major point of emphasis. the very first question of the night in that debate made reference to president obama saying in his state of the union that the united states has the strongest and most durable economy in the world and asked ted cruz specifically to respond to obama saying that anybody who says the country's economy is in decline doesn't know what they're talking about. the striking thing about that was ted cruz was asked that question to lead off the night, didn't seem to want to answer it. instead he pivoted immediately to talking about iran, about the captured sailors the other day. did not really want to get into the question of the economy. that's illustrated the challenge republicans in particular have faced on the campaign trail these last few months. we have had big, broad statements from people like donald trump saying the economy's a mess but when it gets specific they haven't necessarily wanted to.
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this gives them some ammunition to get specific. >> we shall see how it plays out as we advance and get closer to iowa. msnbc's steve kornacki, thank you, sir. appreciate that. as steve was talk about, we move to the big weekend ahead in politics. msnbc news hosting the next democratic debate on sunday. the fourth and final debate before the iowa caucuses. we will have more on that in a moment. but we want to start with the republican side of the contest which is looking more and more like a two-man race, a matchup between donald trump and ted cruz, headed into iowa. just a short time ago, donald trump taking a victory lap during a stop in the hawkeye state touting last night's debate performance, predicting a bigger win than even the polls say. >> i have a feeling we're leading in all the polls, i have a feeling we will actually do better than the polls are saying. because there is, there's a movement. this is actually a movement. >> so trump is firmly ahead according to the latest national polling from nbc news and the "wall street journal." look at these numbers.
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he's up six and now leads senator cruz by 13 points, okay? so he's at 33%. ted cruz at 20%. he's not very popular with everybody, though. he is talking about how he's trying to win folks over, with his message. he joined the crowd at "morning joe" take. take a look. >> it had to be shocking, the news that your mother was actually born in scotland last night. >> i learned for the first time that i wasn't a citizen. that wasn't very nice, was it, when you think of it. >> here we go. you wonder -- [ chanting ] >> you can't be everybody's cup of tea. there were protesters there this morning. still, last night is being judged as trump's best debate performance yet, in part because he mostly withstood several encounters from his chief opponent, texas senator ted cruz, starting with the topic of cruz's citizenship and eligibility to run for president. >> back in september, my friend
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donald said that he had had his lawyers look at this from every which way and there was no issue there. >> why are you raising this issue now? >> because now he's doing a little bit better. no, i didn't care before. it's true. >> senator cruz, you suggested mr. trump quote, embodies new york values. could you explain what you mean by that? >> i think most people know exactly what new york values are. >> we rebuilt downtown manhattan and everybody in the world watched, and everybody in the world loved new york and loved new yorkers and i have to tell you, that was a very insulting statement that ted made. >> we have team coverage with reports out in the field and here at msnbc headquarters. i want to begin with msnbc's hallie jackson in south carolina. that's where ted cruz is going to hold a rally later today. let's just go further to characterize the statement that ted cruz made last night about new york values. basically, this was about people that are pro-choice, that are
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for social causes like same sex marriage, marriage equality. so he characterized it in a broad stroke as opposed to using any type of disparaging language against 9/11 first responders. >> reporter: that's a great point. you're right, when you go back and look at the transcript of what exactly ted cruz said, he was talking about some of the stances on issues. cruz didn't bring up 9/11, but trump certainly did. you talked about trump getting the better of ted cruz on that particular exchange. it was a real human moment for trump. he seemed almost emotional. it was very poignant for a lot of folks. it connected and i think that it resonated with folks, at least that's what you're seeing the response today as. the other issue, though, this issue of eligibility, this issue of ted cruz's canadian birthplace, there was the perception among political pundits that cruz was the one who came out on top of that particular argument with that jab at donald trump about his own mother being born outside the country. i talked with both trump's son and trump himself about this, and i said hey, the perception that cruz made you look weak,
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did he, and trump kind of looked at me and said i don't even know why you're asking that question. he pointed to the fact that he thought he won last night's debate. i'll tell you when you look at some of the numbers, i want to point out that hypothetical matchup showing cruz leading trump head-to-head, if it were just the two of them in the race. let's be cautious and point out that this is hypothetical, this is if the race were happening in a vacuum which obviously it's not, but that's certainly encouraging to the cruz campaign which believes this is coming down to a two-man race. establishment candidates like marco rubio would have a problem with that characterization. >> hallie jackson, great to see you. thank you so much. want to head to our colleague chris jansing, who is in iowa with donald trump at a rally earlier today. good afternoon. >> reporter: hey, thomas. donald trump wrapping up an event that went three times longer than expected. in fact, wasn't even planned until the last minute after he did "morning joe's" interview this morning. he got a huge crowd, as many as this venue could possibly hold,
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several hundred people. got a chance to ask questions, many of them what he usually gets about things like student debt and the heroin epidemic and about the military, about how he would work with congress. but as you can also imagine, filled with a lot of people who are big fans of donald trump. one of them, unfortunately, calling president obama and hillary clinton criminals. he kind of ignored that in terms of the president but said hillary is going to have a problem. he also rented out a movie theater tonight, 6:00 local time. they are going to show that benghazi movie that a lot of hillary clinton critics have been waiting for. they are paying for the tickets, they are paying for the theater. people just have to sign up and show up. shows you how he's already looking ahead to the general election. i spoke with him briefly before he went on "morning joe." obviously feeling very positive about his debate performance but more than that, looking at the polls and seeing opportunity to potentially win in iowa, a place
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people wouldn't have possibly thought he could be this close a month ago. really tailor-made for ted cruz with that christian evangelical audience, but a lot of folks i talked to after this event, first time caucus goers say they are friends who never caucused before are thinking about it. that's going to be the key for donald trump. how many new voters who have come out to see him in person will be inspired to go out on february 1st. >> nbc's chris jansing, thank you so much. we want to move to the pulse question today focusing on the ted cruz moment, his comments about gop front-runner donald trump. we are asking you, did cruz's new york values attack backfire and really help donald trump out. the pulse is live. cast your vote, want to bring in nbc chief legal correspondent ari melber. one of the big topics at the debate last night was the question of the birthplace of ted cruz and that leads to the eligibility issue for him to be president. take a listen.
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>> there's a big question mark on your head and you can't do that to the party. you really can't. you can't do that to the party. democrats are going to bring a lawsuit and you have to have certainty. you can't have a question. i can agree with you or not but you can't have a question over your head. >> you want to respond? >> well, listen, i have spent my entire life defending the constitution before the u.s. supreme court and i will tell you, i'm not going to be taking legal advice from donald trump. >> the facts are that he has or had dual citizenship and he renounced the canadian part of that dual citizenship, but now there's this issue of a lawsuit in texas about the issue. explain what the legal grounds really are. >> yeah. as i have been reporting today, in legal circles, people don't take this lawsuit that seriously but we did speak to the plaintiff here who filed it. you can look up on behalf of all eligible texans and national u.s. registered eligible and or
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qualified voters, ted cruz is the subject of the suit. i can read to you from it the one part that is true here. the plaintiff saying basically it's undisputed by all legal scholars that there is no u.s. supreme court decision or precedent determinative of the facts of the case in controversy, natural born citizen has never been defined. thomas, that is the issue, the constitution uses that term but there isn't case law, there aren't decisions defining it. that goes to this question of whether there's a loop hole that might exclude ted cruz. this suit, however, unlikely to go very far. indeed, there's a question over whether a random voter citizen could even have standing. obviously the politics of it is even if it's not that serious it's the kind of thing that because it's true that there's no final outcome decided, it allows people who might have an axe to grind against ted cruz to say this is an open question. >> it remains to be seen whether or not it would rise to the level of the u.s. supreme court.
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when donald trump talks about go get a judgment, is that easy? >> look, how can i put it. it's that easy -- >> yes or no. >> no. it's that easy in the sense there are times where parties go to court and they say that absent an active case or controversy, they want a pre-clearance, they want the court to tell them what they can do. but no, it's not that easy. this isn't this serious because at the end of the day, even though there isn't a decision on it, when this has arisen in the past including john mccain being born in the canal zone or romney, it hasn't gone to the courts which tells you a way to think about that is that tells you that when this has similarly arose, the courts didn't even go there. they didn't even get into it. the only other precedent i will throw at you while people analyze this is the ninth circuit, the federal court in california, did hear a birther type challenge to president obama and threw it right out on the door on the standing grounds, basically saying a
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random voter can't even bring a case like this. >> ari melber, thank you. i appreciate it. coming up later this hour, it was a big day for jeb bush as he picked up the endorsement from a former rival. that's senator lindsey graham. we will talk about what this could mean for his bid with the campaign surrogate of the bush camp next. then after the break, we look at the democratic race for the nomination and a key debate coming up on msnbc this weekend that could be the make or break moment in this ever-tightening contest between hillary clinton and bernie sanders. we are also following two breaking stories this hour. we have a briefing currently under way at the pentagon. this as the search is going on off the coast of hawaii as we speak, after military helicopters collided overnight. what went wrong? then the other breaking story that is unfolding in front of all our eyes on wall street. look at that. the dow currently down 450 points. we will get to the latest on both these stories next. all across the state the economy is growing, with creative new business incentives,
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welcome back. now to the democratic race and you're looking at live pictures from sioux city, iowa, where bill clinton is campaigning for secretary hillary clinton today. polls show her lead there is diminished. she is now in this neck and neck race with senator bernie sanders. earlier today she called in to "morning joe" and hit bernie sanders on the topic of the affordable care act. >> basically, he wants to start all over again with a whole new plan and another big national divisive debate, which i just don't agree with. especially with the republicans trying to repeal the gains we have made. >> nbc's kristen welker is joining us now -- are you in south carolina or are you -- >> reporter: south carolina. i made it to south carolina. >> just wanted to make sure. because we are talking about iowa but the big debate coming up on sunday, nbc news moderating. i know andrea mitchell just landed shortly, a little while
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ago. lester is going to be on his way there. talk about what concerns that the clinton camp is expressing about any 2008 issues in iowa. >> reporter: well, it's exactly as you said, thomas. this race has unexpectedly become a dead heat in iowa. bernie sanders leading her in new hampshire and her huge lead in national polls have shrunk as well. so there is some concern, the clinton campaign feeling the heat. they say they always expected the poll toss gs to get tighteru have to imagine this is just too close for comfort. we have seen a strategy shift in recent days. this week alone, she has held or her aides have held three conference calls with reporters slamming bernie sanders on a whole host of issues, guns and then health care, that issue that you brought up. secretary clinton arguing as you just heard that bernie sanders single payer medicare for all plan is unrealistic and he hasn't released details about how he's going to pay for that plan. sanders has been firing back,
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saying look, this would lower costs for all americans and he says he's going to release the details soon. i asked him just yesterday if those details would come before the all important iowa caucuses. he insists that they will. so that's a little bit of a preview of what we are going to see during this all-important debate. this is going to be the final debate before the iowa caucuses. so you can expect to see some real fireworks. secretary clinton, bernie sanders preparing for that debate as we speak. bill clinton, as you mentioned, is out on the trail stumping for his wife in iowa. back to you. >> we luckily had senator sanders on the show wednesday in this hour. he really did not like those characterizations, the words of throw out or rip up the aca. i'm very sorry that i was not better at your travel profile to know exactly where you are. you are moving around a lot. nbc's kristen welker. >> reporter: i can barely keep up with it. don't worry about it. >> i'm sure. kristen welker in charleston, south carolina, thank you. catch sunday night's debate 9:00 p.m. eastern on nbc.
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with humira, control is possible. i'm frances rivera with breaking news ot of hawaii, where a search and rescue operation is under way after two marine helicopters collided during a training mission overnight. a total of 12 people were on board the choppers at the time of the crash. so far, there has been no sign of any survivors. nbc's chief pentagon correspondent jim miklaszewski is following the developments from the pentagon. i understand they have narrowed down a debris field in the search? >> they have, frances. in fact, u.s. military officials tell us that there were actually flashes of light as if there were an explosion that were viewed by some people on shore and it's believed that the two helicopters collided in midair about three miles offshore of the northern part of the island of oahu. now, these two marine corps
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helicopters were with six marines on board each one, a total of 12 marines, were on a nighttime training mission when it appears that they did collide in midair. coast guard rescue helicopters, when they arrived on the scene, saw a burning debris field, one lifeboat that was empty, and there is a debris field that apparently has been located but so far, there are no signs of any survivors and the search and rescue efforts continue. >> that is the key word, search and rescue. jim miklaszewski, thank you very much. as this investigation goes on, hoping to find any form of survivors there given they know where the debris field is and where the choppers went down. >> we will stay abreast of the story. up next, more on the race for 2016. bill clinton back on the campaign trail. we take you live to iowa where he is about to do a meet and greet with voters for hillary this hour. and the "new york daily news" enters the gop fray.
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they got a front page cover with lady liberty for ted cruz and their response to his new york values next. at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night.
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just two aleve can keep pain away all day. back to the news. so we're watching this breaking news on wall street this afternoon. we have got the dow currently down by 474 points. now, it did lose about 500 points throughout earlier today. it really has been a rough few hours on wall street, that is since the opening bell. we now just have under three hours to go until the closing bell. joining me from cnbc is scott wapner. let's talk about the drop and what people are saying, the market analysts, about why this is happening as we close out this week. >> you mentioned the dow was down by more than 500 points already today. adding to what has been just a dreadful start to 2016. you look at the dow, the s&p and the nasdaq, you are down at least 9% now year to date on the major averages and you can blame
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a number of factors. today, again, concerns about what's taking place within the china economy, that it's slowing to the point where it's going to harm the global economy and perhaps cause a recession here in the united states. there's also been some currency moves within china that have become quite concerning and appear to be having some ripple effects throughout the asian markets and some of the other emerging markets, but now you are starting to hear a drumbeat of concern rachet up about what's really happening here at home. so far, the economy has been okay, not great. manufacturing has not been good. the consumer has been the thing that's been holding things up. oil prices are in focus, they keep falling. that's presumed to help the u.s. consumer and confidence, though it remains high, there are some who worry that we are headed certainly in the wrong direction, if not into a recession. we had a gentleman today by the name of larry fink. he runs the largest asset manager in the world, black
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rock, say stocks could even go down another 10% plus from here. certainly sobering words on a day where the dow has already gone down by more than 500 points. >> people are just trying to get to the weekend at this point. we will continue to watch this. it is monday being a holiday for wall street. cnbc's scott wapner, thank you. appreciate your time. want to show you live pictures from the campaign trail, sioux city, iowa, where we expect bill clinton to take that stage there. he's holding an event for his wife, hillary clinton. this comes as the now democratic front-runner and bernie sanders are locked in a super-tight race in the hawkeye state. last night on the rachel maddow show, the future secretary of state went after bernie sanders, hitting him on health care. >> now, the only clue that i can find because he hasn't laid out a plan is to go back and look at the bills that he's introduced nine different times, and it's a bit concerning to me, because it would basically end all the kinds of health care we know,
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medicare, medicaid, the c.h.i.p. program, children's health insurance, tricare for the national guard, military, affordable care act, exchange policies, employer-based policies. >> nbc's john yang is in sioux city iowa where bill clinton will be campaigning for his wife today. explain the former president, is he expected to echo his wife's hits about the aca and bernie sanders? >> reporter: that's a pretty safe bet. this event getting started about a half hour late. but they are really trying to deal with this sort of insurgent power of bernie sanders. i spent the morning calling around to democrats around the state. they say that sanders really is catching on. the polls show him within -- the two candidates in a statistical dead heat. the issue they are talking about, universal health care, is precisely one of the reasons why he is catching on in this state.
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that and income inequality. his strength appears to be in the cities, in the urban areas, in college towns much like this at sioux city. he's here at morningside college here in sioux city. so it's no surprise that bill clinton has got three events today, three events tomorrow in the bigger cities of iowa. also tomorrow, chelsea clinton has three events in some college towns that got sort of a pincer movement, chelsea on the east side, bill on the west side, they will meet in des moines. as one democrat said in iowa, it never hurts to be the most liberal candidate on the ballot in iowa and right now, that's bernie sanders. >> we are also looking at this gathering of youth, it seems like a pretty mixed crowd there behind you of ages. how big's the venue? >> reporter: the seats themselves, there are about 200 set up. i don't know if you can tell, there is a lot of standees, probably about 300 in here.
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it's a pretty good crowd. >> it is. like i said, it's a mix of young and seasoned voters. nbc's john yang, thank you, sir. i appreciate it. want to go back to focus on the right side of this race with the republicans and what was perhaps the most raucus gop debate so far. one of the headlines is the clash between donald trump and ted cruz. things hit a boiling point when cruz was asked to explain what he meant by saying trump has quote, new york values. >> everyone understands that the values in new york city are socially liberal or pro-abortion or pro-gay marriage, focus around money and the media. >> when the world trade center came down, i saw something that no place on earth could have handled more beautifully, more humanely than new york. you had two 100 -- [ applause ] >> you had two 110 story
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buildings come crashing down. i saw them come down. thousands of people killed. and the cleanup started the next day. we rebuilt downtown manhattan and everybody in the world watched, and everybody in the world loved new york and loved new yorkers and i have to tell you, that was a very insulting statement that ted made. >> you see the big applause line for donald trump. steve kornacki is an msnbc anchor and political correspondent. talk about the reaction to how donald trump was able to handle that moment and also, is this a real issue going forward for ted cruz? >> well, we will see if it's a real issue going forward. the interesting thing in terms of ted cruz's strategy last night is that donald trump had already responded to that line of attack on new york values before the debate and he had said the same thing about 9/11. so ted cruz went into that debate knowing donald trump was going to go there in the response and calculating that was okay, there was still something to be gained. in terms much the reaction, a lot of it today but here's the most vivid reaction.
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this is the "new york daily news" one of the famous new york city daily tabloids, one of the biggest papers in the country, drop dead, ted, they are saying to him. this calls become of course to probably the most famous newspaper cover in history when the "new york daily news" said about -- >> it's not really about the words. on this cover. >> it's the words and -- >> might be number one in iowa, but. >> this is the same newspaper that said gerald ford had told the city to drop dead. that was 40 years ago, the most famous cover. they are using the same language now to talk about ted cruz, yes, with also an illustration as well. >> okay. new york congressman peter king had a few words? >> peter king, republican congressman from around here, obviously he's lashing out as well. we have a clip of that. >> then he talks about new york being too focused on money. his wife works for one of the major investment banks, great bank, but he went -- his wife works there. he got a $1 million loan and he comes into new york to raise money from new yorkers including
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from [ inaudible ] and these are stories he was -- when he's behind the scenes fund-raisers and there were gay republicans there and they brought up the issue of gay marriage, he gives them a wink and a nod saying don't worry, he's not going to do anything about it. he doesn't say that in the bible belt. he's a hypocrite. >> wow. >> interesting thing, this is peter king, a republican congressman, but he has defined himself politically in new york in opposition to republicans from the south, religious republicans, very conservative republicans. so in part, this is something we have come to expect from him. the question for ted cruz here is look, before 9/11, there was sort of a long-standing image for new york that was sort of that it was at odds with conservative heartland america. ted krus cruz is calculating th enough time has passed, 15 years basically since 9/11, that the old image has come back and replaced what was there after 9/11. >> we are just learning that speaker ryan at the house retreat in baltimore wasn't specific when asked questions about the eligibility issue for
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senator cruz. we will bring that to everybody coming up. msnbc's steve kornacki, thank you. thank you for the papers. we appreciate it. this was our bing question for all of you today, about that line of attack from ted cruz. the new york values line. did that attack really backfire when it comes to donald trump? so let's take a look. 69% of you think yes. 31% of you say no. so the pulse is going to remain live. check it out. so we move from the politics phenom to the powerball phenom. the frenzy over the three winning tickets sold in wednesday's record-shattering powerball jackpot. tennessee couple john and lisa robinson claim to have one of those tickets and here's what they said this morning in an exclusive on "today." >> came home and i wasn't feeling good and i handed the tickets to her, i said i'm going to go lay down. >> looked again, they're the same. looked again, the third time i went running down the hall way, john, john, you got to check these numbers. >> she woke him up.
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he was asleep on the couch. only tennessee lottery officials can confirm that their ticket is real. people have been coming forward claiming to hold that golden ticket but have been debunked. there have been no confirmed jackpot winners so far. morgan radford is in chino hills, california, at a store where another winning ticket was sold. tell us about the folks that haven't come forward and about this tennessee couple that has and they are not the real winners? i think they are, right? >> reporter: i mean, it appears that way. still, it's unconfirmed but it does look like we have at least one out of the three winners and what i love about the robinsons, they didn't tell anyone that they had won. instead, lisa, the mother who you just heard from, she called her supervisor and said look, i'm not going to make it to work on friday but i will give you a hint. tune in to the "today" show. here's what she said. >> so i checked them actually four times and i said well, i'll believe it when the news comes on in the morning and they say
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hey, there's a winner in munford. >> i was excited and nervous at the same time. >> did you google how much are private jets? >> no. no. i didn't actually know anything really at that point. i went in to work. i worked all day. >> reporter: all right. maybe not a private jet just yet. lisa said she does plan to go back to work at least for a little while. but the robinsons will have to share that $1.6 billion jackpot with at least two other winners. one winner right here who purchased this ticket from the california lottery and the person at this 7-eleven which just got gifted a $1 million bonus yesterday. that california winner still has not come forward, nor has the winner from florida. we are waiting to find out who they are. >> welcome robinsons. we shall see who is next. three lucky winners, one down, two to go. great to see you. thank you. up next, jeb bush picks up support in south carolina. the endorsement of a former rival, senator lindsey graham. we will discuss what that could mean for bush's bid for the white house.
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or visit jeb bush received a new endorsement today from former republican presidential candidate senator lindsey graham. so graham has now put his full support behind jeb bush. this endorsement came this morning and the senator explained the rationale talking to msnbc's kasie hunt. take a listen. >> whit comes to understanding america and what makes us great, i think he's articulated better than mr. trump what makes us great is the attitude that jeb expresses about who we are as a nation, that you don't ban an entire religion. you try to make sure you defeat the enemy. the only way to defeat the enemy is partnerships. >> so there we have kasie hunt talking to senator graham this morning right after that endorsement. morgan ortegas is a surrogate for the bush campaign and joins us from charleston, the site of
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last night's debate. great to have you with me. >> thank you for having me, thomas. >> absolutely. let's talk about this. this is big momentum or hopefully big momentum for the bush campaign, getting this nod from senator graham because as we look at the numbers, jeb bush is in a very tight spot as donald trump continues to excel, ted cruz continues to excel and for only 5%, jeb bush comes in as their first choice for president. then 55% of gop voters say that they could not see themselves supporting him. so what is the feeling within the campaign about bush momentum into iowa and new hampshire? >> well, listen, i think everyone is incredibly excited about the endorsement from senator graham and it means a lot in the state of south carolina, where he has many supporters, he has many donors. this primary race is like a dog fight and you are going state by state, momentum matters. iowa, new hampshire, clearly there's going to be a very crowded field competing.
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i think that the field is going to winnow out by the time it gets to south carolina. having a crucial endorsement from senator graham is important for one big reason. veterans in south carolina. this is a state that really cares about national security, that really cares about veterans and jeb bush has more endorsements from veterans in this state than anyone else running in the republican primary right now. >> so as we talk about, as folks are peaking at the right time, we have politico out with a new article today that is not very doting about donors and the campaign. they say quote, the money pith is shutting off as the donor class believes it's just a matter of time before their candidate they threw so much money behind drops out of this race. you are talking about donors and endorsements within south carolina but is there a loss of faith inside this campaign right now? >> listen, i'm not a part of the campaign but i am a donor, i am a volunteer. i'm doing this on my free time because i grew up in florida and jeb bush was my governor. he was an amazing governor. i really challenge that article.
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i know tons of other doan jonor supporters tho are with me and we are sticking it out with governor bush. why? because we were with him, whenever the state got a aaa rating, he excelled in leadership, taking us through hurricanes, growing jobs. we know how competitive the governor is. i don't care that his last name is bush. he's my home state governor. i saw him for eight years. anyone who is counting him out is doing so at their own peril. >> do you think that because senator graham has come out for bush, do you think that is a slow walk to senator john mccain, which would be huge? >> well, listen, i certainly hope so. i greatly admire senator mccain. he's a war hero despite some of the disgusting things that have been said by our front-runner and i think that would be a huge endorsement. i don't know what senator mccain is going to do but he's a hero of mine. i would love for him to join me on team bush. >> ultimately, if donald trump were to get, you say the gop front-runner. you wouldn't say his name. ultimately, could you support him if he is the nominee for your party?
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>> i don't know. the truth is as i'm not sure. >> morgan, great to have you with me. you are a surrogate for the bush campaign. i really appreciate your time. hope to have you back again. thank you. time. thank you. >> thanks for having me. >> absolutely. coming up next, we talk about the debate over guns and the race for 2016. stay with me. at every turn... when you're engineered to literally to drive circles around the competition. this is lloyd. to prove to you that the better choice for him is aleve. he's agreed to give it up. ok, but i have 30 acres to cover by sundown. we'll be with him all day as he goes back to taking tylenol. yeah, i was ok,
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the first impulse of barack obama and hillary clinton is to take rights away from law-abiding citizens. >> i am convinced that if this president could confiscate every gun in america, he would. i'm convinced this president to get rid of the second amendment he would. >> the president wants to do things without working with his congress, the legislature and without getting the consent of the american people. and the fact is that that's not a democracy. that's a dictatorship. >> republican presidential candidates sharply -- stood less than ten miles from the scene of the massacre of nine having
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bible study at ame church. among the people that died that night, the reverend daniel l. simmons sr. his granddaughter faced the murderer two days later. >> although my grandfather and the other victims died at the hands of hate this is proof everyone's plea for your soul is proof that they, they loived in love and their legacies will live in love. so hate won't win. and i just want to thank the courts for making sure that hate doesn't win. >> alana simmons joins me now. he started an organization titled hate won't win. you shocked the world demonstrating such mercy in the face of unimaginable odds and facts. talk about hate won't win and
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the message that you heard last night as to what you hope to hear this weekend when you attend the democratic debate. >> so, hate won't win movement is a nonprofit organization that i started in on hhonor of my grandfather and the other victims and we have initiatives of education, politics, media, family and religion and basically advocate for unity and encourage people to demonstrate that through diversity initiatives and creating a social equity. >> so this is all about committing an act of love. so and there we see mika brzezinski part of the program. talk about how you're not trying to be overly political trying to teach and basically plant the seeds, reap what you sow. >> well, we want lawmakers to also participate in the challenge. because they're humans, as well. we're basically trying to get
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them 0 take off their politician hat and put on their human hat to pass legislation that's reflective of the times that we live in. >> have you had any luck? >> yes. i have. i've been speaking with a couple lawmakers and i can definitely say that i appreciate their efforts to make sure that we get these things done. >> alana, we'll -- >> we could always use more. >> yeah. we'll follow your story and thank you for making time for us. >> thank you. >> we appreciate you. >> thank you. >> thank you. we're following some major breaking news from wall street today. this afternoon is a pretty rocky one. the entire day, the dow down over 430 points. briefly dropped below 500 points and getting the latest on the turbulent trading next. my man, lemme guess who you're wearing... toenail fungus!? whaaat?!? fight it! with jublia. jublia is a prescription medicine... ...used to treat toenail fungus. use jublia as instructed by your doctor. jublia is workin' it! most common side effects include... ...ingrown toenail, application site redness,... ...itching, swelling, burning...
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it's proven to help relieve pain, stop further joint damage and clear skin in many adults. doctors have been prescribing humira for 10 years. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened, as have blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don't start humira if you have an infection. want more proof? ask your rheumatologist about humira. humira. this is my body of proof! brian williams here in new york with you. the breaking news at the top of this hour continues to be the financial markets. we'll head back to thomas roberts in just a moment. but we wanted to take stock of
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the dow at the top of the hour. right now, down as you see 426, 427. in the last hour, it's been up into the 480s in terms of negative numbers. kind of all over the map, olivia sterns covers business and deck for us. olivia, walk us through the day and what's driving this. >> the two big things investors are concerned about right now is what's happening in china and the plunging price of oil. the market opened up a couple purse points lower because of what happened overnight in china. the benchmark is the shanghai composite and fell into bear territory. so that prompted a lot of concern and then plus there's also a lot of concern that the chinese economy generally isn't going to hit the growth target of 7% and that the chinese government is not actually going to be able to goose the economy to get it to grow to that point and second big thing is price of oil once again fallen 5%, 6%
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today. and that has a lot of investors worried. also, any day now we are waiting for iran to start exporting oil again so that's just going to flood even more supply on to the global market. >> when do we call this a correction? >> when it is off 10% or more from the recent peak and currently is. it's incredit to believe see the dow below 16,000. we're now trading u.s. equities at the lowest level in nearly 15 months. i mean, i remember back in december of 2014 when the dow first broke through 18,000. that's really significant to see it at 16,000. there really has been a pretty significant selloff right now and a great opportunity for long-term value investors. thinking about when's going on in the u.s. economy, i have spoke on the a couple of fund managers today and thinking that the market is overdone because nothing's really changed on main street. the economy is growing at 2.5%. look at the most recent jobs report we had. 292,000 jobs in december and
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sounds good and doesn't justify a dow below 16k. >> olivia, thanks. sue herrera joins us. we heard the president say the state of the union is strong. how would you put the state of the markets? >> a bit of disarray today, rye gra brian. also, keep in mind that for very wealthy invest or the who is may be invested in what's called a hedge fund, there are only a couple of times during the year that they can actually ask for their money back. and a lot of hedge fund managers have had very difficult years so far. so, what we're seeing in the market today is some of those hedge fund managers trying to raise the cash that they will need if their investors ask for their money back. if you can't sell what you want, you sell what you can. and that's what's happening in the market today. most of what we're seeing is institutional selling. and hedge fund selling in the market. add to the fact we don't have trading on monday here in the
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u.s. because of martin luther king's holiday. if you need to get out of the market and raise the cash, you need to do it today if you want it by next week. >> there is that. here we are just after 2:00 p.m. on a friday. here on the east coast. sue herrera, thanks. let's talk to greg yip for "the wall street journal." specifically on china, how much by percentage of this what we're watching, what we have been witnessing past couple of days on the market do you lay at their feet? >> i'd say probably about a third, brian. china's now the second largest economy in the world and even though the united states doesn't export much directly to china, a lot of countries do and the united states is very exposed to those countries where it's brazil or australia. plus, china's the world's largest consumer of come mmodii and companies with big mining equipment very, very leveraged and as commodity prices go down,
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that ripples in many often hidden ways through the industrial complex and through the u.s. oil patch. that's why we are seeing weak manufacturing data here and why the stock market is weak because so many companies are exposed to the stock price and didn't used to be the case before the shale boom. >> when do you think, this calls for an opinion, this will blow itself out. >> well, i don't really know. i mean, if we were heading into a recession then you would typically see quite a bit probably fair bit more pain in the stock market but if you look at the fwal actual data we have have jobless claims still about the lowest we have seen since the end of the recession. we have consumer sentiment and apparently holding up fairly well. the weakness that we have recently in retail sales and industrial production might only be a passing thing related to some of the pressure on the oil patch. at the end of the day, the united states is still a net oil importer. lower gasoline prices ought to be positive for us.
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finally, the federal reserve is not blind and looking at the uncertainty. >> and, greg, so to sum up, not unlike the capitol dome behind you, the scaffolding of the american economy appears sown. it is the structure inside that's shaking and quaking a little bit. greg from washington, thank you very much for being with us. thomas roberts, as we go back to you, as olivia repeated, as you said last hour, if you're lucky enough to be a bargain hunter and buyer's market. good luck with this. >> steals and deals. for the holiday weekend. thank you. we want to focus back to the race for the white house and on the republican side of things, donald trump taking a victory lap in iowa today. many debate watchers thought he had the best performance of the cycle last night. this morning he appeared on "morning joe" and asked if come nated would he consider ted cruz as a running mate? take a listen.
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>> would you consider him to be your vice president? >> he's not doing well in new hampshire and not particularly well in south carolina and not doing that well nationally. what really bothered me last night was when he really lied because he said, well, you know, i have done well in the polls. he hasn't done well in the polls. >> talk about the polling because the latest polling from nbc news and "the wall street journal" shows donald trump pulling away from ted cruz up 6 points and now leading the texas senator by 13. so donald trump floating high at 33%. both men are now vying for the lead in the iowa caucuses which are just over two weeks away. not so koins entally they had some of the biggest one on one battles in last night's debate. take a look. >> if you become the nominee, who the hell knows if you can serve in office? >> back in september, my friend donald said he had his lawyers look at this from every which way and there was no issue there. >> senator cruz, you suggested mr. trump, quote, embodies new york values.
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could you explain what you mean by that? >> yeah. i think most people know exactly what new york values are. >> new york is a great place. great people. it's got loving people. wonderful people. >> so we have three reports covering the state of both party's races and starting with senior white house correspondent chris jansing live in iowa, site of today's trump campaign. chris, you have been watching donald trump work iowa since this morning and arriving from south carolina. what is the mood of the trump campaign after last night? >> reporter: well, i talked to him and he was going in to "morning joe" earlier today an i'm just going to take my ifb off and there's a mix minus problem and i can hear myself back. but back to the point, look, he said he's, you know, he likes what he sees, nobody in his campaign i think felt it was a place to be challenging, where it could be essentially a dead heat and what it is. this is ted cruz country and he
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still i think would have to be called the favorite in that let me just give you two numbers f. you lock at what happened four years ago and who voted in the -- who came to the republican caucus, 52% of them are college graduates. now, most of the new people that trump is bringing in do not have a college education. 56% identify as evangelical christians. it is ted cruz's sweet spot and a sur i don't ro gath is his dad, a minister. you look at that on paper and it should be ted cruz's to lose. but nothing that's been on paper has made very much sense in this campaign so far. today, he went on "morning joe" and then at the very last minute decided that he was going to add an event. it got standing room only crowd and he answered questions. and when i talked to people afterwards, a number of people told me that not only were they first-time caucus goers but
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friends who had never participated in a caucus before and they were planning to do it. so, whether or not those people will turn out, frankly, is, you know, question a lot of people have had but given the trajectory you have to certainly say and donald trump i can tell you talking to him feels like he has momentum with him that he has a real shot right here in iowa, thomas. >> he certainly brought electricity with him. chris jansing from iowa, thank you. ted cruz's campaign is equally confident it got the spark it needs to beat trump and take the nomination. for that story, we go to nbc's hallie jackson in columbia, south carolina. good afternoon. >> reporter: hey there, thomas. ted cruz will be're in south carolina today. over the weekend, heading to new hampshire to start a bus tour there, focusing on the other early states. in addition to iowa, a place that many consider a must win for the senator, a place where he's got to do well, and part of that is picking up momentum from events like last night's debate
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and one more before the iowa caucuses. what was notable last night were first few questions cruz was asked, topics that thrown the senator over the message. the goldman sachs story about a loan he failed to disclose with the fec and then did file the proper personal disclosures and eligibility for the white house. birther issue. cruz clearly prepared to go at donald trump at this and to respond. it's something that he may have been crafting. we heard some different tactics heard when cruz talks about asked by the media at the different events. cruz will be moving forward. the campaign now believes that the debate showed that this is a two-man race and the establishment candidates are still fighting to try to pick up momentum. for example, marco rubio who had moments last night. chris christie did, as well. so perhaps the thinking goes among some campaigns is it's a little early to call it for the top two. thomas? >> down to the wire. hallie jackson in south
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carolina. thank you. the pulse question today focuses on ted cruz, the comments made about the gop front-runner donald trump. so the question, did ted cruz's new york values attack on donald trump backfire? last update, 69% saying, yes. that's a 76% now saying, yes. 24% saying, no. the pulse remains live. check it out. now the democratic race and show you some pictures live in sioux city, iowa. bill clinton is come paining for hillary clinton today. polls show the lead in the state diminished. now a neck and neck race with bernie sanders and earlier today secretary clinton called in to "morning joe" and hit senator sanders once again 0 the topic of the aca. >> he said he wants to start all over again with a whole new plan and another big national divisive debate which i don't go agree with, weps the republicans trying to repeal the gains we
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have. >> carrie dann is in south carolina and nbc news mod ratding this sunday's democratic debate. give us a preview of how this is going to be one of the bigger topics to see these two front-runners spar over on their way into iowa. >> well, thomas, we are prepping here for sunday here in charleston for a real battle for the heart and soul of the democratic party. democratic primary voters are being asked to choose between clinton who's pretty much staying the course of the obama administration. advocating for most of the policies that he put forward including saying that the affordable care act at least a step in the right direction. bernie sanders is offering democrats a revolution to sort of start anew, start fresh. and come up with new policies that push much further than the administration is doing. as you mentioned, you heard hillary clinton on "morning joe" going after bernie sanders and essentially saying, look. we lived through the fight of our lives to get the affordable care act passed. bernie sanders would have to fight that fight again.
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the republicans are already trying to completely gut and repeal the aca. we have to take it as a starting point an move forward. and then guns is going to be a major issue going into sunday, as well. they have been sparring on the topic. cler lie the clinton campaign hopes they have a way to communicate to primary voters on the liberal side with bernie sanders that she is actually the candidate for them. and then, of course, martin o'malley qualifying for the debate here and on stage and somebody who as the governor of maryland passed and signed into law some very stringent anti-gun regulations. he is wanting to weigh in on the conflict, as well. >> nbc's carrie dann in south carolina getting ready for sunday. don't miss out on the democratic candidates sunday. 9:00 p.m. on nbc. up next, the latest from the pentagon on a desperate search and rescue mission for 12 u.s. crew members off the coast of
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numbers look pretty good, how's it on your end dave? oh, the numbers look so good. dave, dave's on it.
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breaking news out of the hawaii. 12 people are missing after two marine helicopters collided during a training exercise overnight. search and rescue operations under way but as of yet there's been no sign of survivors. nbc's jim miklaszewski covering this story since early this morning and joins us from the pentagon. what more do we know about the cause of this crash? >> reporter: well, these two marine corps helicopters, these super stallion helicopters on the nighttime training mission over open waters about three miles off the north show of oahu
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island when suddenly there was a huge fireball in the sky and it appears according to officials that the two helicopters collided in midair. a collision that was so catastrophic apparently that neither of the crews aboard the two helicopters were able to issue any kind of distress calls. now, there are two navy destroyers aircraft, other small boats, is searching, plying the waters where this crash occurred. the immediately after the crash coast guard helicopters saw what they said were burning debris fields and an empty life raft. the marine corps, the u.s. navy, have put out buoys to follow the current and following the debris field. some debris is decided today but so far there are no signs of any survivors, thomas. >> so but mick when we talk about that, and the search and
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rescue operation under way, what have they said about how long anyone could survive out there in these conditions? >> what's made the rescue efforts search and rescue efforts very difficult is now that it's winter, there are high seas off the coast of oahu at this time of the year. wave that is are said to be anywhere from 15 to 25 feet high. well offshore. now, as the debris shifts ashore, they'll have a better idea of the currents to figure out where they should be looking for any possible survivors. but any time you have a midair collision, with helicopters, and explosion like that was seen here, the outlook is not very good. >> yeah. all right, mick. thank you, sir. appreciate it. we have developing news that we are following out of mexico city. this is where we're getting the first look at a very dramatic gas explosion. injuries reported. cal perry joins us now with
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details on that. cal, that's remarkable images coming out of mexico city. >> most dramatic video of the day so far. this explosion this morning 7:30 in the morning. it was a gas leak we understand from the mayor of mexico city. you see the explosion there and so powerful that it destroyed most of a burger king sort of right next door and the mayor asking everyone to stay out of the area. as you said, about a dozen people injured. they have been taken to local hospitals. nobody's died so far and we understand some of those injuries moderate, thomas. >> okay. cal, keep us posted on that but, yeah, just amazing that it wasn't worse for folks. thank you. coming up next, what does sean penn regret about the sit-down interview with now captured drug cartel kingpin el chapo guzman? we'll tell you next. ♪
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welcome back, everybody. look. live images. moments ago, donald trump stopping at a pizza ranch restaurant. these kinds of stops, very important. the retail politics of an up close and personal meeting with the iowa front-runner is pretty rare for donald trump. he's not taking anything for granted right now because of the tightening with ted cruz. if you need more evidence of the bromance of the two being over the evidence is last night and attacks of the birthplace of cruz and eligibility to run. >> back in september, my friend donald said that he his lawyers look at this from every which way and there was no issue there. there was nothing to the birther issue. now -- [ laughter ] since september, the constitution hasn't changed. >> i already know that democrats
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are going to be bringing a suit. you have a big lawsuit over your head. while you're running and if you become the nominee, who the hell knows if you can even serve in office? so you should go out, get a declaratory judgment. let the courts decide. >> why are you saying this now? why now? why are you raising this issue now? >> now he's doing a little bit better. >> katrina pierson for the trump campaign, nice to have you with me. >> hi, thms. >> donald trump said he's bringing it up because cruz is doing better in the polls in iowa. is ted cruz getting under the trump campaign's skin? >> no. not at all. i don't think so. and this is simply because the only thing that has changed between september and today is the fact that a congressman in florida threatened to file a lawsuit. remember, thomas, this is how this whole discussion got started. "the washington post" reporter asked mr. trump about the lawsuit and he said he didn't
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think it was a problem. he had talked to senator cruz. had lawyers look at it. didn't see it. is the lawsuit a problem? that's why this issue is being discussed. >> okay. i just want to get this in from pete williams of long-time reporting on the supreme court. the federal courts are stingy of legal standing in who would get to bring this. there's a florida case an one in texas but there are issues of standing whether or not this would rise to the level of a court even taking it up and we know that -- >> sure. >> luke russert had an opportunity to speak with house speaker paul ryan at the house retreat in baltimore about the eligibility issue and here's how he responded. take a look. >> you think i'm going to comment on that stuff? yeah. i don't know. we're not worried about that. >> senator mccain said there are questions about it possibly. what do you think? >> i haven't given a second's worth of thought. >> all right. he is not thinking about it. so, katrina, this really gets down to the issue of standing.
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so, if donald trump feels he has standing, is it the campaign's position that they'll sue over this issue? >> it's actually hung up. >> katrina, can you -- katrina, i hear we have a tech issue. with your ear piece. we'll work on getting you back. because it's a cliff hanger of a question. yeah. it's a cliff hanger of a question. >> it was. >> you know? trump would have standing to sue ted cruz in a particular case. we'll get a break here and next go back and see what's happening in the marketplace where we're seeing a little fluctuation. down on wall street by 439 points. there was a deeper moment where it went below 500 points and psychological benchmark under 16,000 is big before a holiday week. business correspondent olivia sterns joins me after the break. i've been on my feel all day.
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welcome back, everybody.
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welcome back to katrina pierson, the national spokesperson for the trump campaign. we got the tech issue figured out and left everybody on a cliffhanger. >> good. >> about the standing issue because many -- >> yes. >> in florida and texas many folks say that the two lawsuits won't have the plaintiff standing to move it forward. right? >> well, yes. >> donald trump could have standing if he were to lose to ted cruz. do you think that donald trump would actually bring suit or just trying to gin this up to create controversy? >> oh, absolutely not. mr. trump isn't interested in winning that way, number one. number two, donald trump never brought the issue up to begin with. i think what the question here is -- >> he doesn't shy away from it. he doesn't shy away from the opportunity to bring up lawsuits and being tied up in courts for years. so is one to assume that he would file his own lawsuit because as we have talked about most of these other cases don't have the standing necessary. >> no, not at all.
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he even said that last night, thomas. she is not interested in doing that at all and concerned if senator cruz, somebody at the bottom of his ticket, will hillary clinton file a lawsuit? and that's the question. >> all right. so, let's talk about hillary clinton because she just tweeted support for donald trump. did you know that? >> no, i haven't seen that today. >> just this once, trump's right. new yorkers value hard work, diversity, tolerance, resilience and building better lives for our families. all in response to ted cruz and the attack referring to trump as having new york values. we saw what lady liberty did today on the cover of "the daily news." my mother wrote me not lady like of lay i do liberty. when do you think of the narrative and the fact of bill deblasio an i greeing with donald trump? this is a weird intersection for folks on the left and the right
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to meet. >> well, it is definitely weird but, you know, i'm happy it's happening considering it revolves around patriotism. around love for the country. around everyone coming together for the common good of the nation. i think that's what's really important here and i think senator cruz severely miscalculated the line of attack considering that i don't know if you can get anymore elite liberal manhattan than goldman sac sachs. >> do you think that ted cruz able to explain it away last night or initially that that slick line meant to be a dig in another way? >> no. i think you could tell by the audience response to that that they felt like that senator cruz probably crossed the line and also felt like donald trump handled that question brilliantly and probably in a way that no one else could have. >> i think people felt it was a genuine response not the -- >> yes. >> showman political statesman personality that we have been watching storm the campaign trail.
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>> absolutely. >> katrina, thank you so much. katrina pierson, national spokesperson for the trump campaign. >> thank you. >> we have been asking folks today about that line of attack. did ted cruz's new york values line backfire about donald trump? so take a look. 77% of you say, yes. 23% of you say, no. the pulse will remain live. go check it out. the other big story following today the volatile friday on wall street. is look at this. the dow down 461 points. we have been following this roller coaster fluctuating of 450 and 500 points. been a really rough day since the opening bell and now we are inching ever closer to the closing bell on a holiday weekend. joining me from cnbc world headquarters, tyler matheson and olivia sterns. tyler, let's start with you. not much longer until the closing bell and then the holiday weekend. is there going to be maybe a little uptick of a rally? >> a connection there, thomas.
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i think probably not a favorable one if you'd like to see stocks go up. stocks have gone down as far as more than 500 points today so they're a little bit off the lows and they have not really in the parlance of the street caught a bid. and typically when you're going in to a long weekend, investors, professionals that dominate the market don't like to be stuck holding a lot of stocks, especially over a three-day weekend when they don't know what's going to happen in the markets that can't do anything in the u.s. if markets sell off over the weekend in china or in europe as they have been doing. so, not really a favorable outlook for that last hour of trading. >> okay. so it's going to be one to watch and everybody's going to rock the way into the holiday weekend from wall street. bumpy ride. thank you, sir. with a tonight move on to olivia sterns. talk about what i guess is fueling this because as we think about our own, you know, domestic issues, we near a good spot but china is the bigger
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influence. they're not the best honest broker anyway. >> the u.s. economy growing at 2.5% annually. unemployment down to 5% which is below the historical average. those things sound good and a lot of strategists think that actually with those fundamentals of the economy strong, the dow should be hire than 16,000 where it is right now. but as tyler said we are off session lows. big reasons why, plunging price of oil and concerned concerns over china. i was just speaking to adam parker, the chief equity strategist of morgan stanley and putting the blame of the selling on the price of oil which, thomas, is down another 5%, 6% so far just today meaning the price of oil fallen roughly 20% so far this year. and as much as we love $2 gas, there are a lot of potential negative consequences to having oil and energy be this cheap. primarily the fact that oil and energy companies are a big part of the dow and they're plunging
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because they're going to have to cut spending and also probably going to have to lay off thousands of people. the other big area of the markets is what's happening in treasuries as people sell riskier assets such as stocks and going to safer haven assets. buying u.s. treasuries. the yield below 2% today and also psychologically significant and buying gold as they do when they're afraid. >> $2 gas, i love $2 anything, olivia. >> yes. $2 coffee is what i'm looking for. >> yes. tyler, before you go, for folks out there with i think sue herrera said the stomach for this, this is a good time to get in. you can get a deal. >> well, i think it's certainly not the time to panic and sell because when you do that, basically what you do is you walk away from what your plan has been and turn what would otherwise be paper losses into real losses. if you do have the stomach for it, as prices go down, it's a good time to step in an little
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bit and maybe with companies on the buy list get them at these lower prices today or maybe it's when you want to adjust your acquisitions in your 401(k) and maybe buy more of those stock fund sharyls at today's lower prices but it does take nerve. you need to know what your risk tolerance is because there's no guarantee, obviously, that today is the bottom tick on this. nobody can time that very well so you might have further to fall but obviously shares are a lot cheaper than they were at the start of the year. about 9% so. so that's stocks selling at a 9% discount compared to beginning the yore. >> tyler matheson, thank you. actor sean penn speaking out about the meeting with joaquin el chapo guzman. in an interview he said he met with the cartel leader to begin
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a conversation about the policy on the war on drugs. mexico's attorney general has said penn's visit was, quote, essential to guzman's capture. sean penn disagrees with that assessment. >> we know that the mexican government, they were clearly very humiliated by the notion that someone found him before they did. well, nobody found him before they did. we didn't -- we're not smarter than the dea or the mexican intelligence. we had a contact upon which we were able to facilitate an invitation. >> do you believe that the mexican government released this in part because they wanted to see you blamed and to put you at risk? >> yes. >> whoa. nbc's jacob rascon in mexico and joins us with more on this. jacob, penn said he doesn't really or says he has a terrible regret about this but it's
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really such an accusation to feel like he's being scapegoated. >> right. it's important to note that american law enforcement sources talking to nbc news support sean penn's claim that he and kate del castillo had nothing to do with the raid last friday. that they might have been in the area and they were with el chapo during another raid back in october but as far as the raid last friday that captured el chapo, they had nothing to do with that say american law enforcement. so sean penn is square with them on that. about his regret, about the article, he goes as far to say the article failed and the reason is he went in to the interview with the specific purpose. he wasn't interested so much he says in getting the big get. he wanted to start an important conversation that he says nobody's talking about. take a listen. >> i had only, only that i thought this is somebody who -- upon whose interview could i
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begin a conversation about the policy of the war on drugs. that was my simple idea. >> you wanted to have a conversation about the policy of a war on drugs thigh's right. we're going to put all our focus -- forget about blame. we'll put all our focus, all our energy, all our billions of dollars on the bad guy. >> so sean penn explains in his "rolling stone" article he is upset because el chapo sinaloa cartel is blamed for something ling billions of dollars of drugs in the united states and the target of the drug lords and he says pointless and trying to explain and wanted the start the conversation and in the last week really hardly anybody's talking about that because of that he says the article was a failure. thomas? >> jacob, thank you, sir. appreciate it. the cdc may issue a first of
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its kind travel warning for pregnant women or women hoping to become pregnant because of a virus. the harm it can do and what the cdc is warning it could include, next. miles. and surprise! those seats sometimes cost a ridiculous number of miles, making it really hard to book the flight you want. luckily, there's a better way... with the capital one venture card. with venture, you'll earn unlimited double miles on every purchase, every day. and when you're ready to travel, just book the flight you want, on any airline, then use your miles to cover the cost. now you're getting somewhere. what's in your wallet?
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they don't worry if something's possible. they just do it. at sears optical, we're committed to bringing them eyewear that works as hard as they do. right now, buy one pair and get another free. quality eyewear for doers. sears optical frances rivera updating you with the water crisis in flint, michigan. michigan's top prosecutor launched an investigation. this amid a toxic drinking water scandal. late thursday, michigan governor rick snyder asked president obama to declare the area around flint a federal emergency. that way seeking aid for individuals and agencies involved in the effort to clean up the water supply. moments ago, press secretary josh earnest said the request is considered expeditiously in addition to other measures. >> the epa and the department of justice have indicated that they're taking a close look
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at -- about -- taking a close look at this situation in terms of the science and in terms of the impact that it has had and could have on local populations. and the department of justice obviously taking a look at the decisions that led to this particular situation. >> and also today, u.s. senators debbie stabenow and peters and congressman dan kildee sent a letter to the president urging him to support michigan's request for federal aid and see with this new development, thomas, how this progresses. >> swift moving now that they have finally taken this so serious seriously. thank you very much. just as the world health organization declares an end to the biggest outbreak of 0 bah la, another virus, the zika virus, spreads across latin america and the caribbean and passed mostly by mosquitos and suspected of severe birth defects and no treatment or vaccine.
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i want to bring in dr. cory abar at health sciences centers. doc, good to see you. explain how worried we should be about this virus and why it is being linked to birth defects. >> well, i mean, you should be very worried. we hate to hate to be alarmists but be very clear. it is around for a long time. part of a family and passed by the mosquito. sap type of virus as fever but there's babies born with a small brain and a small head. they saw the increase in one year from 150 babies to 3,500 babies and really at that spoint they sound alarm and start to trace some of the reasons why this was happening and so they did the testing and saw that the virus was actually involved in some of this transmission and
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they think that it's involved and so that has also having transmission down in latin america, the caribbean and these mosquitos that transmit this actually are in the united states. and so, this is very serious. >> doctor -- >> what happens is basically -- >> but if the virus is around for a long time, the cdc considering this travel warning for pregnant women. >> right. >> how come it's been around for a long time, there's not been more productive advance in coming up with a vaccine or treatment? >> right. well, they're working on a vaccine now but the zika virus is self limited that only causes you to have some fever, joint pain, sot headache, maybe pink eye. that's really all it does. so people get this all the time. we don't really know what the link is right now that's causing this to be more like a rubella type virus where you can have birth defects if you get infected at the rong time, meaning if you're pregnant
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especially in the trimester and no real smoking gun right now to say that we know 100% that this is directly linked to the birth defect and no really good test to do quickly and what we do know is that this culprit is something that it looks like that that is the reason and so we're doing a lot of testing to try to figure out why that's the case and really hoping people watching this and they're going to take that trip down to the bahamas or puerto rico or wherever or brazil, especially, they got to think about that before they go, especially if they're pregnant or trying to become preg innocent. >> a few isolated incidents from those folks that have traveled to those places. there's been no transmission within the 50 states and hard to test for, too, correct? >> it is very hard to test more. and we think that there is a correlation and a positive test in puerto rico which is obviously united states territory but not part of the continental united states. but, you know, just like we have had all types of transmission of
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viral disease in the united states, including west nile virus. those things happen. and it's going to come. it is just that how can we get in front of this thing so that we won't have that huge spike in defects in the children? from 150 to 3,500 in 1 year, something's happening and we have to get our arms around this so that we can protect citizens. >> doctor, thank you for joining me today. i appreciate it. >> thank you, thomas. well, nobody knew up to this point. >> right? >> nobody knew he had a ticket. now we have our bodyguards coming around. >> all right. if you live in tennessee, meet the new best friends. just kidding. they're the robinson and one of three lucky winners from powerball.
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all right. so all eyes are on the three states where the winning jackpot powerball tickets sold. tennessee residents john and lisa robinson arrived in
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nashville and soon hold a press conference. the couple has come forward saying they have one of the winning powerball tickets and appeared this morning before heading home to verify the ticket with lottery officials. >> can we see that ticket? you keeping it nice and close to your heart? >> front pocket. >> not going very far. >> sleeping with it under the pillow. >> no, no, no. i'm not going that far. >> no officially confirmed winners announced. some made false claims of holding the golden jackpot ticket. nbc's morgan radford is live in chino hills, california. talk about updates. we see the cameras ready in nashville. we think the robinsons are a lock. >> reporter: it looks like we have a winner. the robinsons as you mentioned have arrived in nashville but they said they understand everyone's skepticism and disbelief because they felt it, too. take a listen. >> looked again. they're the same. looked again and third time i went running down the hallway,
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don, don, you got to check these numbers! >> she said, check these numbers. i said, okay. i looked at them. i said, yeah. they look they can're the numbers. >> reporter: well, thomas, another one of those winning jackpot tickets was sold right here at this 7-eleven behind me and that winner has yet to come forward and the winner in florida. but thomas, the jackpot winners aren't the only ones and there are eight people who won $2 million lottery tickets and 73 people who won the $1 million lottery tickets. all across the country. and one of my favorite stories is there's one woman in kentucky who's a single mom and she won that $1 million ticket and as she went to verify the ticket at the office, she's carrying a big check, walks out, as she is, sees the red cross van there and goes to donate blood because she felt like that blessing had fallen out of the sky and even more important to remember to give back, thomas. >> wow. and we looked at that $1 million
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check. you got to touch the $1 million check yesterday for the owner of the 7-eleven, right? >> reporter: i was up close to the check and only time to see those numbers. so i had to see it for myself and the winner's -- >> what will the owner do? >> reporter: he didn't say. he was thrilled and said that the customers here at the store incredibly loyal, the people here felt like family. so he had his family come out and accept that check with him and everyone here in chino hills is very excited, thomas. >> free slurpee day. morgan -- >> reporter: aagree. >> thank you. have a great weekend. all right. that's going to wrap it up for today's show. you have a great weekend. it is a long holiday weekend so i'm going the see you on tuesday. i have monday off. stick around. kate snow picks up your coverage.
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tell your doctor about all planned medical or dental procedures. eliquis treats dvt & pe blood clots. plus had less major bleeding. both made switching to eliquis right for me. ask your doctor if it's right for you. brian williams here with you before we bring in kate snow. the breaking news here in new york today has to do with money
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and the markets. let's take a live look at where things stand right now. and they've been down worse. over 100 points worse in the last 2 hours. but right now, the dow as you see down 360. it's been going up and down all day. olivia sterns covers tech and business for us. olivia, i heard you last hour say you had gotten off the phone with a big money manager who said this is probably mostly china. >> yeah. if you are a long-term value investor, this might be an opportunity. two big things drive the market. concerns of china, but also, very much what's happening with the falling price of oil and just a few minutes ago the price of oil actually settled below $30 first time in 12 years. that's a big psychological impact for traders and they're worried demand is slowing and also because we're awash in oil globally. we have a glut and any say iran starts to expo


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