This weekend. What does it mean for apple shares . And cell phone towers are sprouting up all over the d. C. Area and other parts of the country. Amine javers reports they are not routing cars at all. They are collecting data. Why and who is behind it . Down to sue at the New York Stock Exchange where it is a tough day to be on the bull side. If you bought into short etf you are on a roll today. The rwm is the inverse of the russell 2000 index. It is up almost 1. 5 today. Psq is inverse of nasdaq 100. Sh on the other side of the s p. All of those indexes including dug, doug and myy is inverse of mid cap and sbb inverse of small cap all up today. We start with bertha coombs. The shorts are finally having their day and very tough to be long. Both big caps and small cap. Yahoo is the biggest cap and the biggest decliner of the day. If you take a look at the last week big enthusiasm into the alibaba ipo. Now what . What are you going to do with all of that cash that you are going to get even as yahoo retains 22 stakes. A couple of down grades putting pressure on that stock. The real study is the break down in small caps. Take a look at the russell 2000. The yahoo, apple, big caps here on the nasdaq. They are still a lot better than 12 on the year. The russell 2000 continues to drive lower as we see a number of investors sell out. A lot of folks thought it was a source of funds going into the ipo. This appears to be something really technical. Some of the technicians are noting that about 63 of the russell 22000 stocks are tradin below the average. Apple, the biggest shiner of the day apart from cigna. The big halo from the record sale not extending to all cup exponents. Quaalcomm is one of the winners today. The plant, none of them seems to be reaping the benefits of that apple halo being in the iphone 6 and iphone 6 plus. Thank you very much. Bob is here and it is an interesting day down 80 points now. Im calling it a lousy day for Global Growth. Outside of the weakness that we are seeing in the internet stocks and some of the momentum names there is your Global Growth slow down concern. Here you look at gasoline down 2 , texas crude, nickel, copper all down right across the board. When you get that you get shipping companies, big shipping companies, front lines and eagle bulk shipping. They add a shipping. These guys ship dry goods around the world and liquid goods around the world. You get iron ore stocks and steel stocks down 3 or 4 . All on the weak side and of course emerging markets. We can buy south africa today. There it is. Australia, brazil, china and there is the emerging market, the biggest one of them all. Finally i want to note here we see weakness in the chinese internet and s p 500 Holding Around the 2,000. Chinese talks about the idea that perhaps we are not going to do stimulus programs. Finance minister and the market sold off largely on those comments. I will see you again in a little bit. I will have more thoughts on what is coming up. Down to washington with breaking news. Thats right. The s. E. C. Is announcing it is making its largest ever whistle blower payout to a person they say living overseas. This payout is going to get to the key issue with the s. E. C. Whistle blower program which does it pay enough money to reward financial executives to come in from the cold with tips about financial fraud if they face the prospect of losing the rest of their careers in exchange for cooperating with the United States government into an investigation into a financial firm. So the s. E. C. Now saying this is the largest ever at 30 million. They say this fraud which they are not detailing in any way would have been very difficult to detect without information provided by this whistle blower. Back up with the market flash. Lets follow up on comments about the stocks all moving lower not increase stimulus measures. You look at aluminum china, pet row china. A lot of these depository stocks showing sharp losses. You can see from 2. 5 to 5 of the down side. The iphone 6 went on sale friday. People lining up across the country and around the world to get their hands on one. Looks like the new iphones are paying off for apple in a big way setting a new sales record. Take a look at how the stock is performing. Apple is basically flat but the stock is up 26 . Josh has details for us. Apple sold 10 million iphone 6s and iphone 6 plus phones. That is a record Opening Weekend topping last years launch by more than 10 . That is 1 million more than apple sold last year during the launch of the 5 s and 5 c. Every year apple managing to best its weekend sales. 10 million doubling what it did. The demand we saw wasnt too surprising since we know preorders set a record and lines at Retail Locations were way longer than in the past. Annalests pointing out that apple managed to break records despite dealing with supply constraints. Their research indicating that the iphone 6 plus had completely sold out by sunday night at the u. S. Stores they surveyed. This figure doesnt even include china which wasnt part of the launch. The stock not doing much today. Gene munster blames it on a generally poor tape but investors want more. The stock has enjoyed a nice run this year up over 25 . One question is who exactly is buying all of these new iphones in a survey conducted 26 of people who intend to buy the new iphones are new to apple and the majority of them are coming from android. Back to you. Thank you. Yahoo a big stock to watch today. Shares of the Online Search giant continue to plunge for a second day following a downgr e downgrade. The alibaba driven thesis is played out. The upside for yahoo from here is uncertain. Yahoo has more than 20 stake in alibaba. Speaking of alibaba investors are in a selling mood today. The stock down more than 3 off its opening price of 92. 70. It is the biggest ipo ever, a huge valuation. Putting it into context for us and its size in market value dwarfed. It is huge. It is bigger than the vast majority of the s p 500. Just to put it in perspective lets look at the numbers erhoo. At 90 a share it is worth 230 billion. It is massive. Just to put it in perspective. That is worth 11 macys. And a very well known brand name. Take a look at other comparisons. Look at chevron at 93 per share it was a 240 billion company. It is the same size as chevron on the first day of trading. You go through another comparison at 95 per share at one point it got there. That puts it at the same level as walmart, the worlds biggest retailer period. And jack ma saying he wanted to be bigger than walmart. Maybe he will be. One more to put it in perspective. There are a number of companies that are still bigger than alibaba at curtain levs. Ge 264 billion. Google 406. Apple at 605 billion that takes the cake. Just for fun we extrapolated what alibaba would have to get to. 235 a share just to get to where apple is. Hypothetically in that world apple is still very much the king of the hill in our world today. Thank you very much. Sue, down to you. Bank of america is another stock we are watching. Could climb 50 over the next three years saying while legal costs relate today the Global Financial crisis have impacted the banks earnings it should start to become more profitable. B of a expected to raise dividends. The stock is up 0. 75 today. Is it a good stock to own today. Jack abln chief executive officer joins us, as well. You like bank of america, correct . I think it is a wonderful stock. It has headline risks associated with it. They havent been able to raise dividends just yet. I think in time people will start to warm up to this name and start to feel more comfortable about owning bank of america. I think that is a lot of what you are seeing here, people trying to gauge where it stands with regard to all of this litigation. Breaking news to julia. Mgm making a big move into television with the Big Television series acquiring 55 interest in light workers media. That includes interest in shows such as survivor, voice, this is Just Announced by mgm. Sue, back to you. Thank you very much. Back to the markets. That is an interesting story to follow. What would you buy or do you own b of a . I dont own them and i dont own them for my clients. I have nothing against it. Maybe looking forward i would say the future is certainly brighter than its past. As bob said they have written a lot of checks to the government. Most of that is behind them. They have simplified their business and so now if we look at the environment i do think if we can get a little cooperation from the economy, if the feds prediction for the economy does come true we will start to see a much more favorable environment for making money as a bank. As bank of america primarily focused on the u. S. It would be the sweet spot of that kind of scenario. What about the overall market . I think short term it is a little bit tired here. You are seeing a market hovering around the 2,000 mark. I think people got a little bit interested in the market after the Federal Reserve statement saying we are going to keep the wording along in there and keep Interest Rates down for a certain amount of time. I think the tiredness is weighed on it. I think that is why we are having a bit of a down day. I think as you take a look at the real details of the economy, the economy is improving. We had a gdp report later this week. We are expecting 4. 6 gdp. In the past you wouldnt have expected that kind of growth number. If you are looking outgoing forward you expect to see that economy continue to move ahead. Last word, how do you feel about the market at this point . Would you commit new cash or are we overvalued . We would commit to certain markets, maybe u. S. Large caps and frontier market. Even though the russell 2000 is off a lot today it has a lot farther to go to the the down side in my view. And im just looking for bargains and there just arent that many great bargains for cash. Appreciate it, bob. Always good to see you. Over to you. Thank you. New fears about a sluggish u. S. Housing market. We are joined from washington with more. Reporter blame it on the investors in the first years of this decade they swooped in and bought up distressed property and put Prices Higher but helped clean up the mess of the housing crash and created a new Single Family rental market. Now they are pulling back on their purchases. Total existing home sales disappointed to the down side down 1. 8 month to month in august and down over 5 from a year ago. But the headline is the drop in that share of veinvestor purchas down 12 . That is why the all cap share is down as well. This does not mean investors are selling the homes. This should make it less competitive for first time home buyers to not have to compete against investors. First time home buyers realtors say are not picking up slack. Realtors are blaming tight credit. When you talk to millennials they say they dont have the confidence in the market yet or the down payment but more importantly the stigma attached to the rental home is gone. Thank you so much. Right outside these doors hundreds of people protesting very close to the nyse today. Organizers saying they want to spot light the contribution to Climate Change coming on the heels of sundays protest that brought some 300,000 people to the streets of new york city. We will be monitoring the situation throughout the afternoon here from the nyse. Trouble. An overstatement of profit leading to an accounting investigation. Executives under suspension now. The stock taking a hit. American businesses have been the envy of the world but how do people overseas really view American Companies and how do americans view American Companies . We will get their unique takes after this short break. D techn, you can do just that. With our visionary cloud infrastructure, Global Broadband network and Custom Communications solutions, your business is more reliable secure agile. And with responsive, dedicated support, we help you shine every day of the week. Centurylink your link to whats next. What if we finally had that would be amazing. Hey, what if we took down this wall . What if this was my art studio . What if we were preapproved . Shut up from finding to financing, howd you do that . Zillow. Whenwork with equity experts who work with regional experts thats when expertise happens. Mfs. Because there is no expertise without collaboration. Welcome back to power lunch. Momentum stocks taking a hit. Price line, tesla, netflix moving lower on the trade. Jp morgan issuing a caution note on tesla. A tough day for some of the larger Cap Technology and momentum names. Thank you. Shares of tesco taking a hit overstating the profit forecast and suspending a number of executives. The company is launching an investigation on that. Seema mody is live in london with the latest. The situation does not look good for tesco. The worlds Third Largest retailer admitted it overstated the profit and found an accounting error which involved moving up sales and pushing back expen expenses. Four executives at tesco have been suspended. The current auditor declined to comment. Accounting firm has been called in for a comprehensive review as well as freshfield which is an exturnal legal adviser. This warning comes as another setback the struggling retailer is dealing with slowing growth, disappointing earnings, price cuts and not to mention rising competition from discount retailers. It also comes three weeks after david lewis came in as the new chief executive. Lewis said it was too early to make a call on whether the accounting issue involves fraud. The Accounting Company delayed results to october 23 when we could get more details around this overstatement. So we havent seen the end of the story just yet. Back to you. Thank you very much. Another side of retail, of course, the black market. On the economy the black marketing of iphones going on sale in china. This video just came in from our chinese bureau. Those are iphones in china. The product isnt up for sale there. The black market is hopping. Reports say they are going for double what the phone costs here in the u. S. Guess we shouldnt be surprised. Alibabas ceo jack ma reflecting on his perception of america. 15 years ago when i came to america and came to Silicon Valley i saw the road full of cars and the buildings with lights. That is the passion. There are a lot of American Companies i would like to learn from. A new survey from cnbc revealing that 88 of chinese have a positive perception of american corporations higher than americans own perception of u. S. Companies. Why is corporate perception of the u. S. Companies so low here in the u. S. And how do people overseas really view American Companies . Chairman president and ceo of ethan allen. Welcome to both of you. Welcome back. Why do you think that foreigners have a higher impression of American Companies than we do . Well, i think that it varys. China, yes. China and emerging markets have a much stronger perception of American Brands. We have 70 locations in china at leth ethan allen. 30 under construction. I think the Brand Perception reflects quality, reflects i would say affordable luxury. Lets say in our industry european luxury is much more expensive. And europeans may be more inclined to favor their own im just guessing here that because some American Brands would be newer in china there may be the shock of the new or the appeal of the new. Fair point . We opened up about a year back two Ethan Allen Design Centers in belgium. Two different experiences. Western europe people are much more conservative and much more aware of their own brands. Eastern europe is like an emerging market. Do american businesses have an image problem . Have we become contemptuous of them because we are suspicious of bigness and suspicious of corporate misbehavior of which there has been plenty . Yes and yes. There is also another thing. Lets reverse it. How about the lack of context of americans . One thing that should be talked about within this study is how few americans have left america. And so when you dont have a global context the brand of america and american corporations is under rated because we lack the context of the rest of the world. We are so insular into america. I think that has as much as any other variable. Americans mostly speak one language, maybe two. Most europeans speak four or five, right . Absolutely. I think that it is also a question about how brands reflect to some degree the attitude of American Leadership and business. I think if you think longer term longer term is required to build a brand. It is a difference between having a brand that is perceived as something that is desired. Ethan allen i have always said that our brand should be known and desired to make your brand desired and talking about america you have to work at it. It doesnt happen on its own. I think in the last 25 to 30 years American Brands used to be the brands that were preferred in the world. What has happened . Nothing. I completely think they are most desired. Walk around the world and understand where American Brands stand. The only thing that happened here is we surveyed americans that lack the global context. Overall, how is business . Business has been for us i would tell you two perspectives. Profitability has been very, very strong. We are a vertcally integrated company. We had really great earnings. Sales have been somewhat of a challenge but we are doing well. Thanks very much, gentlemen. Good to see you again. Gary is going to stick around for another segment. For more on the corporate Perception Index and the survey you can find that information at cnbc. Com corporatesurvey. Alibaba is the biggest ipo ever. Will it be as big as the amazons and googles of the world . The nfl fumbles, should sponsors ditch the league or s