Stay with us as we follow the stories here. Down day for oil prices. Now Goldman Sachs is predicting 75 a barrel. Sometime next year. Consumers win, of course, if that happens but who loses . The list might be longer than you would imagine. Coming up. Speaking of earnings, twitter is out with the results of one hour from now. The stock down nearly 25 this year but its done better in the last couple of months and the ceo is here exclusively to talk earnings and why investors are down on the company this year. Looking for that very much. More developments on the ebola front. Now a 5yearold in new york city is being tested as a nurse in new jersey is shifted from hospital quarantine to home quarantine in maine. Are the latest government actions more about containing the virus or containing the fear that the virus may cause . Well break down how the ebola fear factor could cost state economies. Not so spooky looking across the indexes and going into the final hour, the dow off the five points. Hugging the line at 16,800. S p off by a quarter of a percent and broadly speaking the day is worse on the dow. Every index has you can see there is down about 5 points and certainly oil got the attention today. Before the week is over, more volatility. A great strong week last week. See what happens this week. Talk about it in the closing bell exchange. Anthony chan with us today, winny sun, joe durand, kenny pulcari better known as telly sulva sulvalis. There is a lot to come this week. It is interesting this morning and saw the weakness and the market come down and find support. 1950ish level and found that support, kind of bounced off of it. Testing it. Feels like it wants to be a level where it wants to build a foundation. Talking about that now for a week and a half and rallied back up and through and until it feels like it wants to stay there. 150 earnings this week. The fed on wednesday. Everyones going to be waiting patiently to see whether or not they change their tune. Certainly they withdraw but are they going to leave the door open in the event that the data turns worst . Joe, what about yesterdays stress test results in europe . What did that do for confidence . Whether in europe and the Banking Systems more broadly or the way people will allocate money especially at the end of the month here . I think what you will find is people very relieved that no one is used the weakness in the dollar, the change in oil to adjust future earnings outlook and seeing a relief rally because lots of excuses for that to happen and also seeing in europe is that things while weak, the banks appear to be the federal, the central banks, more aggressive and trying to emulate the u. S. Model and what i think you will see most people doing is actually thinking about reallocating to europe Going Forward and underperformed and about 18 months behind us. I think what you will see is continued increases but a lot more volatility. Anthony, a lot of people were repeating that mantra saying europe 18 months behind or what have you. A cheaper place, a place to be and then wham european stock this is year and now gotten through the stress test results and largely anticipated, did you expect that people expect to look at europe again or no . I think europe is an interesting place but at the same time be realistic. I have to say theres a possibility that europe slips into a recession. I would put it no more than 20 or 25 and 75 chance that were straight ahead. When you say that europe is a year, year and a half behind, in terms of the central bank, i think theyre several years behind and took as encouraging today saw the german index a little bit weaker than expectations because where are you getting the most resistance . Bundes banks. And as for the u. S. , the oil price of 80 seems to be a price of traders sell first and then ask questions about supply or demand driven. Only below 80 for a consistent period of time will they focus on supply or demand. Winny, occurs three fs of the market right now. Fear, ebola or Something Else going on overseas. The fed on fundamentals. Prioritize for me. Whens most important to you right now . I think most important thing is how people feel now. The market is a lot like like the end of a halloween movie. So scary and people are its certainly unpredictable and makes investors really jumpy but we also saw last week having the biggest rally since january of 2013, right . So ebolas a big fear. Geopolitical risk. European central bank big, big deal and the fed talking about at the end of the week. Yep. So fear is a big factor. Thats for sure. What about oil . Crude oil testing 80 a barrel again today. Lets get over to the n ymex hee in new york city. I understand you took money from dom chu on the golf course yesterday. I did, actually. But you know, windy in the back half and were even. For now. But lets stick to oil prices not my golf game for a moment. Another roller coaster by all accounts and an intraday low of before we bounced back up. We closed at 81 even and down just one penny. Goldman is saying that we could see oil prices down to 75 in 2015 and traders saying this is possible but were going to trade the tight ranges based on the technicals until we get there. Of course, this close under 80 is really paramount. We couldnt do it today. Technically thats important. We havent closed under 80 in 2 years or so. Our bob is down to fouryear lows and looking at 3. 08 a gallon is the National Average. Losing 18 cents in 2 weeks. Traders saying they think the prices will go lower and the National Average to probably under 3 and means that people are saving 50 at the pump a month. May take the money and choose to spend it elsewhere. Thank you. In new jersey alone, the average for gasoline, 2. 86. Wait. But shes a golfer . Yes. She is. Thats amazing. Thats impressive. Are you surprised . I am. Whos a golfer these days . Well, with the exception of my venerable cocoast, the worlds best golfer with joe duran, im sure. Oil prices here and try to settle out whether this is going to take some wind out of the u. S. Economy or ultimately the holiday gift here for the consumer. Well, i think its a holiday bift gauze like a reduction in taxes. However, our economy is really shifted to an Oil Producing economy and going to have offsetting impact that wont be as positive, so and where does the money go matters most. Apple getting all of that free money, 600 bucks a year to save, it quoewont be as spread out a think. Youre watching something. How much are you watching oil and the 80 a barrel level . Theres a perception of a weaker oil is negative but i have to tell you. I think its much more of a supply side issue than a demand side. I dont think its weak demand at all. You said it. The other guests said it. The u. S. Is a major oil producer. Its a boom for certainly the u. S. Consumer as well as in my opinion for global consumers. Im looking for cheaper oil to benefit in the long term. Anthony chan ive seen some numbers and some saying 1 trillion tax break if you will by the consumer in the drop. Morgan stanley saying 129 billion in additional Discretionary Income this Holiday Season. How big of an impact are we talking as you see it here . I see it as a very big impact with the average person out there a little over 2,500 of gasoline and from june prices are down close to 25 . It is a big boom. The big fear is that demand and agree with kenny. Welcome the the breakdown. I would say close to 90 is supply and 10 demand and im n encouraged by the two steps of saudi arabia. Reducing supply with kuwait and then over the weekend, over the last couple of days hearing some information out there that they have cut back some of the oil that theyre actually supplying even though they havent cut production and got the big meeting on november. If these prices continue to remain soft, i continue to hope they cut a little supply. I was just going to add some of this is in the increasing dollar. You have to remember its denominated this dollars. We have a big run in the dollar. Half the move is currency translation. A lot of commodities suffered as a result of that. Winnie, how does the individual investor play the oil patch right now . Does that mean you dont want to invest in Oil Companies themselves . You know, thats a good question. The volatility wont improve any time soon. Oil is a big factor. Probably get weaker before its better. Despite how uncomfortable this feels, i think corrections are healthy and we should be telling investors to be expected for longterm growth. This is healthy and necessary. Fair enough. Some names brown 20 , 30 , 40 , in other words, people looking to go tread carefully in the areas of deep value looking at the energy space here. Kelly, thiss the perfect example. Its like a sale on wall street. Right . Yeah. Stocks down 20 , 30 , 40 . You dont want to buy up 50 . What if goldman is right and go to 70 in q2 . Plug it in the model and the last thing is not running away from them when theres an opportunity to buy the stocks at much cheaper prices. Right. Buy big. I would suggest you buy the bigger companies. Right. Buy big. Not the small ones. Okay. We got this. Thank you. See you later. 50 minutes to go. This is such a classic kind of a wait and see day. You can tell theres a fed meeting coming. Cant you . Almost feel it in the air. Like a hurricane system approaching. The vix is up. All eyes on twitter, as well. The microblogging giant if thats not an oxymoron, they give the numbers tonight and see if they turn around the stock which has a pretty rough year. YuJulia Boorstin will be talking to dick costolo. Find out what pushes bio tech thirm sarepata to free fall. Down right now 31 . That story when we come back. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. When diet and exercise arent enough, adding crestor lowers bad cholesterol up to 55 . Yeah crestor is not for people with Liver Disease or women who are nursing, pregnant, or may become pregnant. Tell your doctor all medicines you take. Call your doctor if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine, or yellowing of skin or eyes. These could be signs of serious side effects. Are you down with crestor . Ask your doctor about crestor. E financial noise financial noise financial noise financial noise extremely unchanged today. Is how you can put that for the dow right now. Down a fraction at this hour. As the market obviously waiting for something, probably the Federal Reserve meeting starting tomorrow. Ends on wednesday and hearing the plans for quantitative easing. Supposed to end this month. To look for areas of the Global Markets unchanged, look at brazil. That market hit after winning reelection. You can look at italy down 20 after it notably didnt quite meet the Capital Requirements the stress test was looking for. Movers overseas and here today. Dom . So kelly, bill, big theme of the day of oil stocks. Taking a huge hit as investors of Goldman Sachs lowered the oil price industry. The worst performer on the day in terms of sectors. Halliburton, Qep Resources and newfield exploration. On the positive side, shares of big Telecom Services on the rise. Up by around a percent. Led by verizon, centurylink and at t. On the food front, you have withindys down near session lows. Thats after the fast casual restaurant chain with the price target lowered from 10. Analysts cite among other things the lack of success of pulled pork sandwich and stiffer camp tigs of value menus and ending with sarepta therapeutics. This after the Biopharma Company said they want more detail of a treatment before approving it for use so a big 30plus percent drop on the days session. Wow. Certainly is. Tough act to follow for the nasdaq logged the best week in almost three years and kate rogers is looking at the techheavy nasdaq and the russell for us. Thats right. Nasdaq barely in the red right now. The russell 2000 in the red today under a half a percentage. Semi conductors are leading with sandisk, Texas Instruments and broadcom seeing gains. Now, novavax news to begin a phase one Clinical Trial in december for an ebola drug. The biggest loser on the nasdaq by far today is tesla down around 5 after announcing the leasing policy for the model s allowing buyers to return the car within three months and also reports the automakers september sales dropping year over year and unconfirmed rumors. Back to you. Thank you very much. Its all anecdotal and we were discussing in the commercial break, ive heard two references from people, one on twitter and told me about this how they had to wait in line to buy gasoline over the weekend as prices came down. In one case, fellow bought it for 3. 03 and 2. 99. Seeing gas lines again. This is interesting. This is in some cases in california and northern california. So it reminds me of the mortgage refi boom. Below 4 , everybody refid and then nobody really scared anymore and i wonder if thats whats going on. 3 is a magic number. Do you think thats what people waiting in line for, the fact they couldnt believe they fill up for 2. 99 . I think so. Whatever. Youre getting stocks cheaper right now. The dow although moved a bit higher up ten points, oh, the s p down 3. The nasdaq virtually unchanged as the fed gets ready to meet tomorrow. Get ready for the gusher of earnings reports of major corporations this week. I mentioned the vix higher. Its a mathematical effect of options pricing. It is. A hat tip to ross for quiting many to explain that. Well have the numbers of twitter and dick costolo speaking with Julia Boorstin all ahead. With the focus on the politics ofll ebola, were shifting it to the economics of the virus, specifically the fear of ebola and how it could spread far faster than the virus. The fear itself could spread faster than the virus and do damage economically and financially. Well discuss that when we come back. Ameriprise asked people a simple question in retirement, will you have enough money to live life on your terms . I sure hope so. With healthcare costs, who knows. Umm. Everyone has retirement questions. So ameriprise created the exclusive confident retirement approach. Now you and your ameripise advisor. Can get the real answers you need. Start building your confident retirement today. What are you guys doing . Yoga, its supposed to make us more productive. Better mind and body keeps us efficient. You guys have misread the memo. This is the new lenovo yoga with the intel core i5 vpro processor. It combines the productivity of an ultra book with the touch benefits of a tablet. And its custom configured by cdw. So we can stop doing this . My head hurts. [painful grunts] another day of dramatic developments when it comes to ebola in america. Our pharmaceutical bio tech reporter meg terrell has the latest. Meg . Reporter hi, bill. Thats right. Dr. Craig spencer is being treated here for ebola in isolation at bellevue in serious but stable condition and no more updates on him and still only patient in new york city to have tested positive for ebola and a child transported to bellevue last night. This morning developed a fever because he had returned from one of the affected countries in west africa and being tested for ebola. Mayor deblasio saying they expect the results this afternoon and bringing you updates when we get them. The debate is growing about the quarantine measures of Health Care Workers returning from the countries. Mayor deblasio is calling the treatment of casey hickocks unacceptable. She is discharged from the hospital. The cdc is expected to update the guidelines today, a News Conference beginning in a few minutes and any updates from that. Bill an kelly, back the you guys. All right. Meg, thank you very much. Curious what they have to say, what a mess of washington and new york and new jersey specifically. Speaking of individual states taking action, heat in the fight of ebola, its not only new york and new jersey, also illinois and maryland with guidelines for anyone returning from west africa who may have had contact with patients. Critics are lining up saying its about politics but are the actions about economics . Demonstrating theyre on top of the ebola situation to stem any panic that could hurt these local economies . Talk about it. We have rick newman and our own Steve Liesman joining us. Rick, as clumsy as the tactics have been by various states, it is clear. Theyre trying to reassure the public that theyre on the case. But if the fear continues to spread, that can have an impact economically, cant it . Right. And if it appears as if the leaders dont know what theyre doing and appears like here. You know, the public is very fickle. We see that in Consumer Confidence coming to the economy all the time. What will it take for consumers just basically to stay home . What does it take for them to say, you know, this is too scary for me, im going to stay home whenever i can. And could be a situation similar to the bad weather we had for a couple of months last winter and led to minus 2 growth in gdp. Do you agree, steve . I do. This is an enormous Public Policy challenge. You want people to take it seriously and not so seriously to do things like rick was talking about and perhaps crimp ing economic outcomes and no disagreement of economy and what is best from a health perspective. You want people not to get the disease. You dont want it to be contagious. There are potential conflicts here. The best possible Health Outcome to not get the disease is stay home and never go out. That would be the worst outcome for the economy and so what Public Policy people have to do here is to really thread that needle in terms of taking it seriously and some criticism early on that saying this is not a contagious disease and may have led to earlier contagious. Steve, do you agree with rick about the seriousness to push the u. S. Into, for example, a negative gdp quarter . Not yet. It coul