Bomb for stocks. Hell tell you what it is and why this hour. West texas crude crossing below the 50 mark for a short time. Right now just a nip above it. This is a massive cold snap about to cover much of the united states. Snow, too. Already hitting some parts of the country. Its going to be a rough week for weather. Snow ice and freezing cold. The forecast is ahead. We give it all to you, including sue at the nyse. Hi ty. And stocks have been spiraling lower this hour. A big triple digit loss on the dow jones. But we want to take a look at the dow and markets through the prism of ets. You can see down almost 1. 3 . Qqq, nasdaq 100 and the iwm is the russell. Now, the Health Care Sector is traveling with a break even line today. Some people were calling that a safe haven earlier. Not so much now. The hardest hit sectors of the day, energy. Financials materials, also down considerably on the trading session. Now, the transports and ten year transportation average is now down almost 2.
It involves panty hose, all sorts of things, including even secret elevators. We will talk about that. Plus a physical attack on the wealthy. One affluent town in california has been hit hard. Speaking of wealth, the wealthiest neighborhood in the u. S. Not by zip code or by county. We will go street by street. Tyler is out today. Simon is at the nyse and we will get downtown in just a second. First, that big news on housing. Diana olick is in the house and she has been talking to the biggest name in the business, ivy zelman. The noted analyst famous for calling the top and bottom of the latest housing cycle, last spring she said here on cnbc that we were in housing nirvana. By fall she revised her outlooks down. Today she explained why. I think nirvana took a pause, during that time house prices home prices were surging and we had very attractive affordability and a few months after i was on, we had rates spike about 100 plus basis points and we saw a pause. The consumer was rationall