Streak. That would be the longest one of the year. The major averages are now on pace for a fourth straight weekly drop. A lot of wild swings in the market, but its continue to go raise questions about the Federal Reserves next move. Comments from st. Louis fed president jim bullard, who we talk to regularly on this program, suggesting the Central Banks should consider its taper. Thats been fueling some stock buying. I heard a guy say that on this show the other day. His initials are j. K. , i think. What about liesman . Liesman would be balder today. But he hes not real slick, but he did not take he was smart enough not to he was thinks like six months from now, a year. Next day. Next day. I wasnt going to say this because weve got headlines to get to, but in the old days, there was this funny cartoon that said the market sold off early in the morning when it was noted that an asteroid would destroy the earth on saturday, but rallied at 10 after the money supply came in lower than spen expected. So now ebola is the same, but qe might continue that is sick, andrew, isnt it . The Market Reaction is whats sick. I dont think its im just sort of making a point. But for some reason, i read about nigeria and sen gegal, an in both places did epidemiological detective work, they circled it, they on monday, nigeria hi, meg. Hi. Youre here. You know more about this. Nigeria monday is the day if no one gets it, then theyre ebola free, right . A country of how many Million People and senegal, too. Nigeria had 20 cases, i believe, and eight deaths. It did spread in nigeria more widely than weve seen in the United States. If they can do it, cant we do it . Thats the hope. Im not seeming superior to them, but hopefully theres a chance for us. And thats great about the work weve done to this point to do that. Weve been awfully sloppy with did you see the president yesterday we have a whole segment we have to do on this. We will. But the president said im not philosophically opposed to first time ive ever seen him, you know, consider the other side of something and say, you know what . Maybe i have to put something that we need to consider. Im talking about a travel ban. Here we go. Oops. Taken all the wind out of the sails of the im sorry. Of this piece. I was the one that said qe was coming. I was trying to give smu credit and then you well, i also know this stuff. President obama said he might appoint an ebola czar. Were going to talk about that in just a moment. The comments come amid criticism which becky mentioned about the governments handling of the deadly ebola virus. Is there anything that you would like to add . Lets talk about the news that came out overnight and the news that came out last night about all of the places that people who were involved in treating Thomas Eric Duncan or handling his specimens have traveled. Were talking about the second nurse, amber vincent. We learned last night that the cdc is looking at the flight she took out of dallas to cleveland saying that due to more information theyve gleaned from their investigation, potentially theres reason to contact all of those patients on that flight. She she wasnt feeling well, even though she didnt have the 100. 4 threshold. She was 99. 5 when she traveled. So im blaming her now again. No, im not blaming her yet. When you listen to the cdc, they said there were no problems. You were not symptomatic until you had this threshold temperature. It doesnt take into account the fact that different people react differently. Which passenger would have been in contact with bodily fluids . If theyre telling us the truth about the threat of an airborne transition being low or nonexistent, i just dont see how it would have been easily transmittable. Right. The communications are confusing right now. And lets talk about the other piece of news that just came out overnight, which is that somebody involved in handling specimen from eric duncan, it was handling samples, then got on a cruise ship that left the United States and is now in isolation on that cruise ship in a cabin. Its important to note that its been 19 days since that person came into contact with the specimen. And hasnt shown any symptoms. Were almost to that 21day window when that would be how did they find out that that person had touched the specimen and then thats like being in jail because its going to be a small, little confined space on the ship. Yeah. How long are they on the ship for . Right now, according to reports were seeing, its parked off the coast of belize. Belize wont let the cruise ship. This sounds like a core legislature of murphys law. It almost sounds like a joke. What do you get when you cross ebola with a cruise ship . Seriously . Ebola found its way to a cruise ship . Weve been so lax and now we but you know what im saying. Because the way you think of noravirus and youre on a confined space and all the water is being recirculated. And now the possibility of ebola. That almost sounds like a bad joke. Right. We should note this person its been 19 days since the contact, so its very, very unlikely this person is going to come down in the next two days with ebola. Joe mentioned the piece out, i suspect you read that piece on the cover of drudge about nigeria and some of these other places, sierra leone, closing the boarders, and by next week eradicating you think i Read Everything on drudge everything day . No, no. I hope you stau entire Huffington Post today. I breathed it in. Well, you wrote most of those pieces. The question that i have for you is have they really eradicated it . Because i would imagine they could have somebody come in on tuesday morning. Thats always the worry. If its still existing in the world and in those west african concerns, it could travel anywhere. The way they deed an outbreak is over is two periods of the incubation period. So 42 days. So past 21 days and 21 days again since anybody has shown any symptoms. It doesnt seem like you know everything thats happening in countries with and nigeria is now letting planes back in. Im not sure about that. Yesterday dr. Frieden was asked about nigeria closing the boarders and somebody was sayingny gear ya had closed the boarders and he was saying he didnt think that was they had closed the boarders initially to get a handle on everything and reopened them with aggressive temperature taking and other types of sort of tracking. I dont know enough about lets talk quickly just about what happened in washington yesterday. There was a lot of news. We were at this hearing and there were repeated call force a travel ban or travel restrictions coming in from west africa. Dr. Frieden getting grilled about why hes not thinking about this. He timely said well consider anything to keep americans safe and, of course, president obama saying hes not philosophically opposed to that and now talking about whether it is prudent to appoint an ebola czar. Some people are saying, isnt that what the cdc is supposed to do . I also have to say, watching a lot of that congressional testimony yesterday, were any of them even listening to the answers . Some eem them would make points, not lisp to a single point that any of these guys said back. There were some wacky questions, too. Any sort of congressional hearing, those kinds of questions come out. One last piece, nina pham, the nurse who we saw the video of her earlier. You watch her interacting. Shes been transferred now to the nih in ba they had these da for treatment because there are still 50 people that theyre monitoring in dallas. Health care workers lent her thomas duncans room. If any of them show up, they have to handle them. There arent a lot of beds in all of these Containment Centers to treat all these patients. Just the event. And care givers. Its somebody who is in there because she has is compassion. I dont know whether they got on a plane or not. I know who had the early call on this is levecster. When they started out, protocol, most have been protocol my they had no that was ridiculous. Blaming the nurses. Operator error is what you heard. Blaming the nurses when you start when they had no idea how to deal with this situation. That was bad of frieden right there. Frieden was covering his own [ expletive ] right there. We had the right thing and these nurses must have done it a little bit. They didnt. They didnt have any can equipment. And were hearing communication from the hospital. Theyve engaged a pr firm. Theyre sending out videos. And a lot of disagreements now and different kind of messaging coming out from the cdc and from the hospital. You would, in texas you would treat yourself i guess is what you were saying . Nope. Do you remember boris said they dont have that i in europe. And, meg, even watching i dont know who was supposed to be in charge. Theyre invited in. But i dont know who should have been responsible for tracking everybody who went into that hospital room, making sure that they were kind of under at least some sort of selfimposed quarantine. Thats where i feel like we fell down on the job. It was patient zero. There had been no previous patients, so theres no reason to think for two days, they didnt know he had ebola, did they . Theyre saying thats when he but even when he came back the first few days he was in the hospital, so youre talking four days from the time he first went into the emergency room. And that Hospital System apologized for that yesterday in the shaerhearing. It was explicit. In the meantime, the dow closing down for the sixth consecutive session, marking its worst volatility of the year. That is a question kwk kwk had for Lloyd Blankfein. A few weeks ago, people were bemoaning the lack of risk premiums, the inability to sprayed the good from the bd because theres not a lot of premium attached to things. Its kinds of like the wish from the bottle. Were a little bit beyond what heem are looking for. Allison dean, a cnbc contrinter, kevin gettes a r a raymond james. Is this volatility here safe for a while . I think the volatility is here to stay. The markets in fair val territory which means the chance for the u. S. Growth rate to accelerate diminished somewhat. I think there will be more winners than losers when the comes to corporate profit. That could create a lot of volatility in the market. Kevin, would you agree with that . Yeah, i would. Starting with the fed weighing in on Global Growth and the drop in oil prices and ebola and a number of things that have brought more questions to the market which is increasing the volatility. So from a bond market perspective, theyre watching the stock market. The stock market is trying to figure out, you know, is this the time to buy or are we going to see more volatility take us down . Without a doubt, its going to be here probably until the end of the calendar year or until the fed weighs in further. Weve been thinking about the fed speak, thinking about what bullard had to say. And maybe were interpreting this wrong, but wondering if theres going to be a qe4. Kevin, do you think thats the case . I really dont think so. And im not sure its actually needed. The thing about the qes, is you do them until they stop working. I think qe3 in particular has stopped working for a while now. Im not sure that theres a whole lot to gaim gain by continuing to keep buying mortgages and treasuries from the feds perspective. The u. S. Economy is going along pretty well. Its not great. Its choppy and lumpy. But its not at a point where were seeing whats going on in europe. From that perspective, i dont think qe4 makes much sense. What makes sense is the fed hold pat for a while based on the Inflation Numbers alone. Do you really want to focus on how will the economy is doing, but the lack of inflation sister better story. Theres been no evidence to say that you do it until it stops working. It stops working when did the fed ever say that, kevin . Well, i think its he depend in the marketplace, joe, that when but theyve been doing it for a wheel year. Theyve been doing it for a whole year after it stops. Most people think only e1 had poch effect. And so hes had qe3 the. I think one of my points was that what was the taper tantrum . That was like 700 points. These guys are doing qe15. Do you remember last sternum, joe, when the fed started hinting it might stop qe . It might not be helping, but it might be providing support to make them a little nervous in the face of other things going on. Definitely. You know, im like everybody else. Im glad the market is stabilizing a little. Nobody likes volatility when the market is headed down 400 points on the open. But i dont i feel guilty saying, ghee, the fed is back helping us again. You know . I dont i wish we could do it on our own, some day. Alison, i guess ill ask you quickly, what do you think happens from here . Were a little calmed down. Does that give people a chance to collect themselves and rethink before we get into massive swings one direction or the other . Well, you know, the Positive Side of volatility is it gives you opportunities to buy Good Companies at good prices. You have to be patient and not when the market is pulling back, decide everything is going to continue to go down. If the overall market, in my opinion, is valued around 2000 or a little higher, youre going to see opportunities through some of the better growers and Healthy Companies being served in the market selldown. Okay. Yes. You pick your stocks and be patient, usually have opportunities to buy Good Companies at good price necessary a volatile environment. Alison, kevin, thank you both for joining us approximated. When we return, the chinese going wild for the iphone 6. We have that next. Plus, a swing and a miss for google. What has investors worried about the tech giant . We have that after the break. And the table set for the fall classic, the giants beating the st. Louis cardinals in the League Championship series. They will now face the kansas royals in the world series. Game one, tuesday night. A single ember that escapes from a wildfire can travel more than a mile. That single ember can ignite and destroy your home or even your community you cant control where that ember will land only what happens when it does get fire adapted now at fireadapted. Org sdwloo the iphone 6 is officially on sale in china. Eunice yoon joins us from beijing. Andrew had one, but you got it legally. 6 plus, yeah. You got the 6 plus. In the United States. Legal. Oh, you guys got it legally . Now we can actually get it legally, as well. The lines today at the apple store were very orderly, very calm. People were just really excited to get their iphone 6s. Like you said, our launch was about a month later than yours because of olympicsing issues. But that was worked out. So people now dont have to go to the black market and buy the iphone 6 for 3,000 or so. Instead, they can get et legally, officially at the apple stoors or at the telecom shops. This is what tim cook had to say earlier today about the launch here in china. Weve had a lot of customers wanting to buy. We are launching as soon as we can. The it takes time to the through the process. Were happy to be doing it. And a lot of people were very happy that they were able to see the iphone 6 is here because they really like the big screens. That was the comment that we got over and over from a lot of people because they say now you can watch movies even better on these big screens. Some of the numbers, we had an unofficial number, preorders going to 20 million. Ive been warned over and over again by various analysts that the reason why that number is there and sounds very inflated is because they said a lot of people go online and they register over and over again. So that is probably not going to be a big issue. There is one other thing i wanted to tell you guys. Weve been reporting about how the iphone 6 is the death of the and in china, they have an answer. There is one phone shop that actually is now offering free tailoring services for anybody who has a pair of pants and wants to have wiser pockets so you can stick your iphone 6 neatly into your pockets. Eunice, there is what we were just talking about, asking andrew where he puts that thing. Ive seen him putting it in his pocket. Thats not a phone in your pocket. He could wear his skinny jeans, get one big pocket at the back. You cant sit with an iphone in your pocket, right . Right. If im wearing a suit coat or a blazer with, thats great. Thats how they bend. I got a pair like two weeks ago, right . Finally. Joe has a you know, i think its stretched that he hell be fine. No, i like the way they feel. I hate to admit that. I do. They feel better than all cotton. You guys are behind the times. Women knew this about 0 years ago. The death of them was two weeks after i got them, which is like everything for me. Where is your iphone 6 plus now . Oh, you dont have it in your no. Wherever my coat is. All right. Okay. Were going to talk about google. Eunice got a lot in there. She did. Well done, eunice. Thank you. Google shares sliding after the companys chief earnings reporting a miss on both the top and the bottom line. The big issue, slowing growth in the companys core, advertising business. Here to break down the results and the road ahead is daniel ernston, daniel, what do you make of this . Its not that they are not theyre not theyre not growing as fast as we thought. What does that really portend . Yeah. Theres always so many moving parts with google. So its a little bit hard to call it. But their core business, actually, was googles sight for that fuel surge, ad mob, a detective correct, that is up 24 year to year. What occurred to them was par neither sites. So if youre not searching google with your iphone plus, that hurts google. Theyre over the core bes of 24 . Earnings were up 18 yeefr other year. They generated 6 billion in cash flow from prigzs. Its indigital advertising. If its 17 times earnings compared to a 35 for 140 for a twitter. So its a good business. But, you know, its one core trend. Im not getting too worried about it. Daniel, what do you make of how much theyre spending in terms of hiring. They seem to be on a hiring tear. It does worry me. My point there is no that its growth, but there is a spending. A couple of years ago, when we were upgrading, it was thats the future, though. Is this longterm thinking . Right. So the difference between understanding the software and the Machine Learning and the Information Processing going into that is actually bold. But one of the things that they said on the call eight last night was tha