Members have been since that last meeting and why the market is certainly so much trouble making sense of it all. Netflix has been sweeping the emmys lately. Now it may be ieng the oscars, the company out with its first feature film, it opens nationwide tonight. We have details on that and we will talk to a shareholder who is not real thrilled about that. Silicon valley darling being called into question. We have the wall street journal reporter behind the controversial articles on blood testing startup pharanos. Lets start with this story about china and the problems for billionaire steve wynn and his casino empire. Jane wells has that story for us right now. Guys, you know what happened with earnings yesterday, they were not good, they continue to be bad. If you told me a year ago that steve wynn would criticize the Chinese Government the same week he hosted Bernie Sanders and Hillary Clinton in las vegas, i would have lost that bet. Wynn has long been a china fan. Here he is one year ago. Its much harder to do business than it is here in china. The Regulatory Burden in china is inn fan tess mall compared to the crap we get in america. It is the most less say fair place on the planet at the moment. One year later wynn is bewildered by the lack of uncertainty and he lashed out with a 4 billion property opening in macaw law spring and no idea how many gaming tables the government will let him have. We cannot train people and maintain Service Levels in the noncasino and casino areas when we dont have the time to train our people. So the notion of finding out how many tables you are going to get three weeks before your opening is outrageous and ridiculous. Here in america we would never have a las vegas of the diversity weve had if the if the city had told us how many tables we could spread. The table cap is the single most counterintuitive and irrational decision that was ever made. We asked for comment about what appears to be a 180. Spokesman Michael Weaver said of wynns statements, i think they stand for themselves and should not be regard as comparative. As for coming the same week he is hosting the democrats given his disdain for president obama weaver said the debate had, quote, zero to do with the earnings call. Guys. The word that stuck out to me from his Conference Call was weird. He just said the quarter was weird, mainly because of the intervention by the Chinese Government, right . Over the months he has grown more and more cautious, in fact, last may he told our unis yoon that he understood why jinping was doing this crack down and he would have to wait it out. The cap on casino tables which he calls the damn Cash Register and not being able to know how many tables any of them can have he is frustrated in expressing things you have not heard her express before about china. Its too important for them as a business to leave all together, but what other options do you really have . They have done. They have none. They have to wait it out. This 4 billion wynn palace he is committed to, thats not going away, thats going to happen. The matter is how much money he is going to make on it. Thats real uncertainty. Jane wells, appreciate it with the latest on wynns struggles in china. On monday the latest gdp and production numbers will be out from china. For a preview lets check in with seema mody back at global hq. China has been a source of concern for not only investors, but the fed. Commodity traders and multinationals that rely heavily on china, thats why this gdp number is so important. It will tell us whether china continues to slow down or if the economy is starting to stabilize. The buy is to the down side, economists estimating growth of 6. 8 which would mark the slowest pace of expansion since the depths of the financial crisis. A slide in commodities, slowing global trade and volatility in the chinese stock market are expected to contribute to the decline in growth. Infrastructure investment has also slowed this year and those numbers will be watched to see whether chinas fiscal and monetary efforts are working or if more stimulus is needed. Remember now stocks were rocked when Chinas Central Bank devalued its currency in calling. Economists i speak to say we could see more intervention on the currency front if these numbers disappoint. Thats going to be big sunday night. Seema, thank you very much. Lets talk about all of this in our closing bell exchange. For this friday joining us Jpmorgan Funds anastasia amarosa is here, along with peter cost can a, Rick Santelli is with us from chicago as well. An shash is that, do you blame the public for the confusion they feel about the markets . After the volatility of august and then the fed not raising rates in september, mainly because of this slow down in china. Whats going on here . There is so much confusion, so much inaction i think on behalf of the invest urs ers because its difkt to see where no tourn. The fed has cause this had confusion. In september they told us the u. S. Economy is fine, but maybe we are not fine because there is a slow down in china. Yes, bill, i agree, there is a lot of uncertainty that has picked up. I think this week maybe has given us a little clarity on both of those two things, the fed and china. First of all, on the fed front, we have gotten retail sales that were somewhat disappointing, fine for the quarter. Inflation thats at sfwloe, its not moving anywhere. So you couple that with the comments from the fmoc members and what theyre basically saying, its not enough for us to implicitly think we are going to get inflation we want to see that. For investors what clarity this has provided is that the fed actually wants to see the whites of the eyes of inflation before they hike those rates. Right. And then on the china front i think what we got is better loan datd at that. Gdp is important come monday, but loan data is important bau that you say forward looking. We saw this market breach the 2020 level. We are at 2028. Does that technically speaking give you confidence here . You would think so but like we have been talking about the confusion why would the market be at this level . If you are confused one thing you dont want to be is have your money invested in a place so bad news is good news again . Thats usually the case. To me i think that i would have to wait for more clarity. More importantly from the fed. As far as u. S. Equities i would think that you would want to see the fed come out and say, look, its not happening this year, we are not getting the data we need, we are probably going to go into the First Quarter of next year and rethinking it then as well. Go ahead. I think investors are maybe getting somewhat unconfused. If you look at the fund flows in the last couple of weeks we have seen this chasing behavior. We see it every time the market pops and investors start to step in. All the valuations, whether its high yield, whether u. S. Stocks, whether International Stocks they have been so beaten up a lot of value has been created. Investors are looking there now. Speaking of the fed, meanwhile, rick, more analysts are saying theyre getting all these questions from clients about negative rates which we saw materialize in one of the dots in the feds last meeting, its probably from lacota but talk about negative rates and what are people saying about the prospect of it . Well, people are saying that the fed has two alternatives, normalization window has closed, missed opportunities to buy insurance on the next recession or of course the Business Cycle winding down and in lieu of that theres two options, option one is more qe, option two is negative rates. Seriously, i dont know where else they can go. In terms of investors being confused, i dont know if its confusion. Its faulty guidance. And faulty guidance from micromanagers and central planners. We dont bet on the economy anymore, we bet on how micromanagers view the economy through the lens of their policy which is completely different. Just imagine a world where no central planners and no u. S. Central Bank Governors said a word for the next six months, what would investors do . Well, maybe they would look at the data and wet on the data the way it used to be. I dont see it as confusion. I see it as we have now conditioned the market to not look at fundamentals, to look at people that are trying to control the outcome and avoiding fundamentals or trying to change them. Thats john lennon singing ma in, ladies and gentlemen. So what do you do . How do you make money in all this . I think the tactical rally does continue. Investors have fleed all the Asset Classes that are now actually bouncing right back. If you look at the spreads in high yield, for example, they are the widest levels that we have seen in 2012. If you look at valuations they are the cheapest levels that we have seen in about a year. I think you absolutely can find the opportunities there. Now, when we talk about the earnings season, if you will think about this week theres so much dichotomy and bifurcation. Anything tied to the strength of the u. S. Consumer is doing great. Anything tied to the commodity sector is going the other way around. You have to focus on the strength which is the u. S. Consumer. Peter. Im just keeping the money in the mattress. You are keeping that powder dry. Good for you, peter. I stand by my convictions. I might miss a 2 move on the upside, but id rather take advantage of a 10 move on the down side. I still think we are going to see it and the s p is going to hit 1865, in that level, at that point i will back up the truck peter, there are a lot of people who have the same view and it showed up in your survey. The problem is if you keep waiting for that to happen time passes and time costs you money, too. It doesnt cost you money if nothing is moving. If you are not missing anything, you are not missing put your money in t bills. You dont make any money there and you dont make any money in your savings accounts. I mean but the perfect example of wakt, right, you did have a 10 correction at one point. Do you wait for the next one . Why not buy the within you just had. Blink and you missed t peter. Thanks, everybody, for being here. 50 minutes to go in the market. Seeing the dow up 32, s p up 35 points today, the nasdaq trying to hold in there, its only up 2 points looking to close out a volatile week. This has been the narrow west trading ban for dow and s p since july. A not so volatile week. Im sorry. Yes. I wasnt trying to contradict her. You got the facts. Up next, fair we will u. S. Airways, hello travel headaches . The air carrier starts flying under the American Airlines flag tomorrow. We will tell you what the Merger Integration issues could impact your travel coming up next. Also ahead. This is what happens when you work to change things and first they think youre crazy. That was the founder and ceo of theranos creating reacting to an article raising questions about the efficacy of the companys new blood testing technology. We will speak with the report who are wrote that these and is following the story coming up. Im here at the Td Ameritrade trader offices. Ahh. Steve, other than making me move stuff, what are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place that lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim . For all the confidence you need. Td ameritrade. You got this. Or the freedom to choose what doctor you want to see. So if you have medicare parts a and b, consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, these let you choose any doctor who accepts medicare patients. Youre not stuck in a network, because there arent any. Plus, these plans help cover some of the part b medical expenses medicare doesnt pay. So why wait . Call now to request your free decision guide and find the aarp Medicare Supplement plan that works for you. Like all Medicare Supplement plans, youll be able to stay with the doctor or specialist you trust, or look for someone new as long as they accept medicare patients. But unlike other plans, these are the only ones of their kind endorsed by aarp. Rates are competitive. So call today. And learn more about choosing the doctors youd like to see. Go long. And i am a certified arborist for pg e. Ughes i oversee the patrolling of trees near power lines and roots near pipes and underground infrastructure. At pg e wherever we work, we work hard to protect the environment. Getting the job done safely so we can keep the lights on for everybody. Because i live here i have a deeper connection to the community. And i want to see the Community Grow and thrive. Every year we work with cities and schools to plant trees in our communities. The environment is there for my kids and future generations. Together, were building a better california. Markets trying to hold on to positive territory today after a stronger session in europe and even asia a little bit in the green overnight. The dow is up about. 2 . Interestingly the nasdaq earned 31 toints to the dow, nasdaq barely positive, a stronger session yesterday on the strengths of biotechs and talk about an accommodative fed. Some discussion about pinning to levels that are necessary for options expiration, but also a pretty even split between gainers and decliners across the broad index. We are up 4 points on the s p but very evenly split between the green and the red in the heat map so far today. Lets tell you about a couple movers we are watching right now. Alibaba has offered 26. 60 a share to buy the chinese ecommerce joint that already owns 18 of the youtube like service. The all cash deal is valued at 5. 2 billion. They say they get about 500 million users each month. General electric has hit a 52week high after the companys earnings per share topped street estimates helped in large part by gains in their aviation and transportation divisions however revenue fell shorter of projections on their oil and gas unit. Ge has not closed above 29 since august of 2008. United continental stock falling on yus its new ceo suffered a heart attack. Phil lebeau has the latest with the shares down 3 . At this point we know there is confirmation from United Airlines that oscar munoz was hospitalized yesterday. The airline confirming what had been earlier report that he had been hospitalized but not talking about whether or not he suffered a heart attack. Dow jones reported earlier today that oscar munoz suffered a heart attack. One, how long will he be hospitalized, the severity of what sent him to the hospital, in other words, is he incapacitated for an extended period of time . Will will have to be somebody, maybe the coo or somebody else who takes over his duties or is he going to be back in the job relatively quickly . A lot of unknowns at this point and thats why we are seeing so much pressure on shares of united in afternoon. Im reminded when Lloyd Blankfein received his diagnosis, they had to get it out to the Investment Community right away. Dow jones broke the story first and im just wondering what clarity investors will need at this point. They are going to need a lot. Thats the difference between this and what came out with Lloyd Blankfein. Almost immediately Goldman Sachs came out and said here is what happened, here is the diagnosis at least our projection in terms of how long we can it will take him to deal with his particular medical issue and i remember i was in new york that day and i remember hearing a couple of people on the floor at the nyse say, okay, i get a pretty good Comfort Level in terms of whats going on at Goldman Sachs. At this point theres more questions than answers from united regarding os nar munoz and his condition. We certainly wish him well. Im sure thats their big concern is making sure that he is okay. Lets move on, the other story we were talk gg to talk about American Airlines lower as it gears up to unify its systems with those of u. S. Airways as they make their final flat tonight. Do you see integration issues here . We had that with United Continental as they merged and their reservation systems werent as sim pat co as what might have been hoped for. I dont think we are ago gg to see a whole lot of issues. What were seeing today and tontd is more symbolic than anything else. The back office, the guts of the integration of these two airlines, much of that has already taken place. We were at the american headquarters at the new Operation Center a month ago and talked with doug parker at that time. They have been working diligently on this over the last year in terms of integrating the two airlines. In fact, they have been drawing down the reservation system from u. S. Airways. There is only a small percentage of their flights that are going through that system. What were going to see tonight, guys, the final flight, in fact, its already begun, went from philly to charlotte to phoenix and ends in San Francisco tonight. The final flight and then signage. If you go to an airport tomorrow or this weekend you will not see u. S. Airways sign, the only thing thats left a few planes that still need to be repainted. End of an era, again, yet another era coming to an end in the airline industry. Phil lebeau, thank you. See you later. We will take a break with about 40 minutes left in the trading session here. The dow up 42 points. S p up 5, the nasdaq up 6, capping off pretty good week despite some of the bad news on the economy and some mixed earnings reports