This is. Is continue arab springlike movement under way . How hard will china crack down . The white house also weighing in. We are on the ground live in hong kong with the latest on this tense and developing story. Most stocks are down recently. Not this one. Look at that. From 626, up. Gopro shares on fire. All time high today 260 since i mentioned it went public back this june. The Company Unveiling its latest camera. We will have some of them here. Will it help fuel sales higher. Gopro in join us live. Its a volatile day. Stocks off their lows not by all that much, though. We started the day with a triple digit loss. Clawing our way back. We moved up to about negative 42 and now down 80 again. So volatility definitely intact today. Down 80 1 2 on the dow jones. Nasdaq up almost 12. S p 500 off 7. 75. So an interesting way to start the week. Bob pisani joins me now. We had a lot of weakness in some emerging markets. You heard about the demonstrations in hong kong. But look at the s p 500, looked like we wanted to go positive. But as you can see, we weakened a lot and started moving sideways in the last half hour. Emerging markets are the weak link whether china or hong kong. Brazil here, there are elections this weekend, concern the incumbent might win. Shes unpopular with the stock market people. Why are we talking about brazilian real . Its down 10 against the u. S. Dollar. And if youre a u. S. Company doing business there, this is a real problem. Look at whirlpool. Whirlpool gets 25 of its revenues in latin america. Mostly in brazil. That stock is clearly being affected by what is going on over there. Energy stocks, a bit weak again today, but huge volume. Iye, big, big volume. 1,000 of normal volume today. What i think is going on is that oil has begun to stabilize. Take a look here. Were in the low 90s and i think there are people trying to pick on the bottom. So not changing the prices a lot, but you can buy into that, not change the prices. And sort of bet a little bit on the market bottoming out. All right. Thank you. See you in a little bit. Stocks continue i dont like to say roller coaster ride, but its been a roller coaster ride as we begin the new week and head into the final two days of trading in september. The dow making triple digit moves in eight of the past ten trading sessions. Morgan brennan tracking the wild moves. Maybe time for a neck brace. But well see here. Because we have volatility criming bacrime creeping back into the market. Certainly something to watch as we go through the rest of the trading session. Vix up about 8 after gaining 23 last week. We have the protests in hong kong adding to investor concerns. Russia, Economic Growth globally and of course the fed anticipated rate hike s next year. Take a look at the dollar Index Trading about flat today, but still near four year highs. As the next earning season start, an lis will be watching sales for multinationals. But meantime, take a look at the mid caps, as well, the s p 400 falling this month. Mid caps could be most at risk to currency headwinds because theyre more volatile than the large caps and they do have the exposure abroad. So that down about 4 withis month. Small caps down about 7 , 8 from july highs. These are sensitive to rising rates. Russell 2,000 hit the technical death cross last monday and since trended lower. So strategists warn that the selloff in small caps could be a warning sign for the broader market. Something to keep an eye on. Lastly, high yield bonds, hyg, jnk, those are all tumbled this month, as well. Down more than 3 a piece. Junk bonds have a more positive correlation to equities than other bonds. So that is certainly something to watch closely, as well. Sue, back to you. Thank you so much. So where is the opportunity . Thoughts from our market guest, sam wardwell joining us are boston. And here on the floor, john bennett. Welcome on both of you. Im going to start with you, john, if i could. How does the market lookjunctju . Volatility seems on have increased dramatically. Does this pore tetend the same pattern for october some will. I think were coming off low volatility, so we have to expect back up in volatility. And i think its a safe assumption that october is always a tricky month. Get through. Just get through it. Where do you see opportunity right now . I think were in the late stages of a bull market. And i think we just had a look at some of the charts on the russell for example this side of the water. I think that continues. I think the leadership is very much with large to mid cap so sectors such as health care. Secular bull market. Let me turn to you, sam. We were talking a lot about hong kong and the situation there. And it has always been the stable Financial Center in asia. And it brings china into play in a big way. How unsettling could this be if at all to the u. S. Market . If it escalate, its definitely going to be unsettling. If on the other hand this is just a tempest in the teapot, i think people will move past it pretty quickly. But it is the first thing were seeing and clearly it has peoples attention right now. A lot of headline risk out there. So sam, where are you putting money to work in this environment . To johns point, we came from very low volatility, but nonetheless, weve had triple digit swings in each direction for the last four or five days. The end of september can be si cyclically volatile. So im not surprised to see volatility pick up. I would agree we think that the stock market represents better value than the bond market look board for, say, 12 months. And within the stock market large cap, defensive stocks seem to be i dont want to say safest, but pretty attractively valued if you look forward 12 months. The u. S. Economy looks fine to us here. Do you agree that the economy looks good . We get mixed reports certainly and were looking at a fed that might be tightening up sooner than expected by some measures. Others disagree with that. I can only look with envy as a european. You had a trend here 4. Something gdp growth. I think the u. S. Economy looks fine. Maybe a bit lopsided. Europe we pray for anything beginning with a 1. 0. What about europey headed ba recession . There is chatter going on because of the statistics you just brought up. I think that europe is recessive right now. I dont know that it really came out of recession. You get the official figure but i think you should 150uassume i in some form of recession. Not necessarily a bad thing for the stock market. All right. Well leave it on an optimistic note. Back to you. A developing story contributing to came da todaysg sell soef, protesters flooding the streets of hong kong. The worst unrest since china took control of the former colony back by agreement in 1997. The white house urges hong kong authorities to show restraint. Austin ramsey is there live on the ground where it is now very early to us morning. Austin, welcome. What if anything is going on now in central or other parts of the city and what took place last evening monday might . Reporter im in central right now and theres still tens of thousands of protesters on the street. Its quite peaceful. The Police Presence has largely disappeared. So its basically a bunch of young people hanging out on the busiest thoroughfare in town which has been shut down. Some tear gas being deployed . Were seeing video, im not sure exactly when it is from, but was some tear gas deployed . Has been the Police Response even though it seems to be receding some now you say . Reporter yes, there was tear gas and pepper spray used 24 hours ago, the previous night. It was highly ineffective in the sense that it didnt really manage to disperse the protests or force the protesters to leave. And also triggered a broader response and a lot of people in hong kong saw young people being pepper sprayed and hit with tear gas and were upset by it. And so how the numbers have swollen on the streets over the court of the day. Austin, it seems to me that the problem is in essence that beijing is indifferent to the protests, but hong kong, the local government in hopping congress, needs support. Otherwise its just being undermined and this could become a much longer confrontation and threaten hong kongs reputation as a center for commerce and finance . Reporter yes. That is the issue. The issue is that the grievances that ultimately lie with beijing and the likelihood of beijing compromising are quite slim. And so what you may he said up s oig up seeing is a compromise on the local level. So hard to predict, but its possible the current leader might step down. If we see any movement, i think it will be on the hong kong level as opposed to from beijing. Austin, what was the predicate for these demonstrations . Does it have to do with beijings approach to new elections for the leader or mayor in our parlance of hong kong . What was the precipitating event . Reporter yes, thats exactly it. What beijing did, they agreed currently the leader of hopping congress is chosen by a group of about 1200 people that are select president various industries. The chief executive always a pro beijing man but they said in the future in 2017, the people of hong kong can elect their leader. But the key is that that 1200 member group will control the nomination. So while the people of hong kong can vote, they dont really get to pick the candidate. So its ultimately a rigged election. All right. Austin, thank you very much. We appreciate you staying up with us late into the evening and Early Morning tuesday in hong kong. We hope we can come back to you as events warrant. New for our market flash. Shares of several brazilian state run companies plunging today. Petrabras more than 10 and electrobas over 5 . This is ahead of sundays election, investors have criticized policies for hurting minority shareholder interests. Bovespa falling 4 today. Mostly a sea of red today, but there is one stock bucking todays down day and is that gopro. Shares hitting new alltime highs. Up 250 since going public in june. Josh lipton is in san jose. We are going to be talking to gopro founder and Ceo Nick Woodman about the new cameras, competition in the space and, yes, that skyrocketing stock rice. Thats coming up next. Energy the worst performing sector today down almost 1 . Oil Services Stocks weighing on the sector. Offshore drilling down almost 3 . Transocean more than 2 . Noble also down 2 . Diana olick joins us now from washington. Hi, diana. A disappoint on pending home sales. These are signed contracts to buy existing homes. So an indicator of fall close sales. Pending sales fell 1 in august, just over 2 from a year ago. It doesnt sound like a lot, but the price gains are easing and were still seeing the sales come down. Home prices were up 5. 1 nationally in july, thats according to a new report from black knight financial services. That, though, is the smallest am gain since november of 2012. Now, we do get the case shiller report out tomorrow which has shown bigger price gains, but that report goes back to sales last spring. So realtors are blaming the drop on an exodus of investor, but there is also a drop in overall supply. New listings in august were down over 9 . Listings usually come down in the fall, but that drop is about three times the normal rate. So what does all this tell us . There may be pent up demand, but first im buyers are still lagging and sellers arent willing to take the risk. Were standing this one of the most expensive suburbs of d. C. I could throw a rock to the d. C. Line right now. This home went on the market, the buyer just told us that she got it for rest than asking. She was the only offer. More aonline, of course. Interesting. Gopro unveiling its new camera. Youre looking right through one of the cameras. There is brian over there, hes a big jets fan, hes in mourning today. Morgan, wave to the look at that. That is really good quality. Im talking about the camera and you, too. Here we go. Im going to put one of these on my cat at home tonight. It will be fun. This is really i love this. There is chris. Hi, hes our steady cam guy. Brian is over there, hes a red sox fan. Hes had a bad year. Gopro stock hitting its all time high soaring 260 since it went public on june 26. Market cap of 10 billion. Thats bigger than about a quarter of the companies in the s p 500. So where does gopro go from here some josh lipton is here with gopro ceo. This is really cool. Lets welcome their founder and Ceo Nick Woodman coming to us from the nasdaq. Youre here to talk about your new cameras. Lets talk first about the hero 4 black. Youre saying this is the ultimate gopro. Walk us through the features. Hawaii, josh. Good to be talking with you. Today is a big day for gopro. In my hand is the hero 4 black which is the most advanced gopro that weve ever made. Culmination of the last couple years development. And this little match box size gopro can capture 4 k video at 30 frames a second. Which is a real engineering feat. And that camera will sell for 500. So who is your tar get audience for that camera . Well, all of our customers and anybody that wants toget au for that camera . Well, all of our customers and anybody that wants to capture their life in stunning professional quality kept and share those experiences with others in apa an engaging way. And frankly anybody that wants to look at good as people we see on film and television. That is what the hero 4 is capable of. Our 399 product was our best seller. And we expect the black edition to do the same well, have similar success even at the 500 price point. And on the other end, you have the entry level camera called hero for 129. Thats correct. Weve come out with three new cameras. At the entry level is hero, which is 129 camera which is the perfect entry level gopro. And then we have in the mid level at 399, we have the hero 4 silver which has an integrated lcd. And then at the top, we have the flagship hero 4 black at 499. And these cameras are available october 5. I think some of your investors mi might want to know what does does it mean for the holiday season. Well, holiday is always an important period for gopro for sure. Were excited because this is the best executed Product Launch that weve had at the company. In past years, we were understaffed and this year were now over 800 employees strong. So were better positioned than ever before for global launch of our hero product line. Time will tell. The product hasnt even hit shelves yet. It goes on sale next monday october 5. So team will tell. But we expect people will still be very excited about gopro and hero 4 gives them even more to be excited about than ever before. And you you hinted at my next question a little bit there. There has been supply constraints before during the holiday season. How will yyou address that this year . In th in. Thats a high class problem. You always hope for high demand. As i mentioned in previous years, we were growing the company very quickly. We still are adding staff quickly, but were better positioned this year than ever before to get our product out to our Global Supply chain to meet demand as best we can. And you heard sue talk about the stock rice. Up 250 since the june ipo. As the ceo when you see a move like that, does it concern you . No. Its important to have a long term view. And as ceo, im comforted by the fact that we have a very big long term vision for the business and at the end of the day, as long as we continue to execute on our vision, everything will be okay. And thats really everybodys focus at gopro. Think long term. And frankly, i think that in terms of stock price, there is a lot of people that believe in what were working on at gopro, they believe in the overall size of the opportunity and were excited to work extremely hard and passionately to realize that expectation. Were talking about cameras here today. But wall street still thinks making money on the content is part of the long term story here. Youve got go procegopro on you x box. How to you sdo you see it . We recognized can gopro was succeeding because of the sharing. So were as much in the keconte enables business as much as consumer products. So if we make it easy to capture and share compelling professional quantity content at scale, then we have a real growing media opportunity. Because most people when you ask them what do you think of when you think of gopro, their answer is, oh, i think of all the incredible videos that i see online. Thats the definition of a media company. Engaging content that people want to watch, that they tune in for, and that gives the brand responsible for that content the opportunity to potentially monetize that engagement. The beauty of it is that as we develop our media strategy, all the while the growing proliferation of gopro content is growing the brand and helping sell product. So in some sense we already have generating media revenue in the sense of that its our commercials, our content are selling the products that we make. All right. Neck woodman, thank you for your time. Thank you very much. Sue, back to you. Ieck woodma your time. Thank you very much. Sue, back to you. Ck woodman,r time. Thank you very much. Sue, back to you. That will be on every kids wish list for this christmas. Its been a volatile september. Wall street socalled theory 35 . So what to investors do in a market like this . Well give you smart ways to play the volatility. Plus jessica alba turned her small startup business into a billion dollar business. Is an ipo on the way . Shell join us live. Take a closer look at your fidelity green line and youll see just how much it has to offer, especially if youre thinking of moving an old 401 k to a fidelity ira. It gives you a wide range of investment options. 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First of all, you have to decide what you think is going to happen from here. And i think a week and a half ago when we had that week where it was ali baba, apples new product, the fed reminding us that theyre still dovish, it led me to believe that there will be a little problem in the stock market and increased volat