A desperate rush to the safety that americas Treasury Bonds offer. How about oil . Wild swings there been no reversal of the big tumble. There is a worldwide glut because america is producing a record amount. This turmoil began from the get go and the trigger seemed to be that second ebola case which was confirmed in dallas. There were traders this morning worried about paralysis in america. People afraid to travel. Charlie gasparino and the wall street journals mary kissel are both here. I did talk to a couple traders this morning who said watch out, the ebola scare, paralysis, people afraid to travel. Is it the black swan event . I dont know if this is the exact black swan. Black swans come out of nowhere. One good thing about varney and company as we told people this was going to be a tradeable had line and it would be much deeper decline. I will say this. The market is trading whether we like it or not. Some of this is irrational fears. A second possible case, bad stuff but it is trading at because traders say if this thing spreads Consumer Confidence goes down. People dont travel, they stay home, dont go to movies theaters and look at it in terms of what impact it has on the economy. Stuart central bankers in general, what are they going to do now . Have a shot all the arrows in their quiver . What are they going to do . Yes they have. There are bigger trends here that are behind these shortterm volatile swings we are seeing in the market over the last couple weeks. I think the biggest one is there is no serious progrowth reform in the world. Traders are starting to understand that. Look at europe. Government spending still there. Almost 50 of gdp versus 37 and then you have got the dollar, a flight to safety here driving down oil prices because oil is priced in dollars. That is another change in the market. I would not discount q e 4. The shortterm for the fourth time we start to mix delineate. It will be useless for the economy. It wont be useless for the market. We should point out one other thing. Arbitrage, traders like you were talking to are getting killed on the shrine deal because of the fall through and theyre selling and going into bonds so theres a technical factors that decoupled from the economy. Stuart lets wrap it up. I think ebola was the trigger first thing this morning, then you look at world wide growth which is not looking real good. The dollar straight up because hot money comes here, flows into Treasury Bonds, down go Interest Rates, down go Interest Rates, the bottom line is there is a future feeling of anxiety. I thought there was near panic in this marketplace this one when it dropped to 369. Lets look at the stock groups that are in the news these days, starting with airlines. What is happening there . They were hit with the ebola affair. Now they are next. Theres not Much Movement in Airline Stocks this morning. Intel, jpmorgan, disney, microsoft, these are the big names and they are down in percentage terms. You know you have a big move when we say microsoft is down 1. 5 . How about oil stocks . The price of crude at 81 a barrel, down again. Exxon, chevron, conoco phillips, all of them down big time again. Dont forget the tech stand outs, amazon, ebay, netflix, google, not a winner in the whole lot. A rollercoaster ride, certainly a rollercoaster ride for ebola related stocks. Tell us about it. Nicole we are looking at everything related to ebola including hazmat suits, i wear, masks, the goggles that protect you from all of this. Out of from makes goggles and masks up 20 . Lakeland make the hazmat suits, ordered 160,000 of those. That is up 13 . Newlink genetics is working on a vaccine and has patients testing that now, that is up 11 and sarepta as a drug to treat ebola. We always a these are very volatile, small caps, in some cases 100 million so be careful. Youre the new lows, boeing and chevron hit new lows, g e in the green. Stuart look at mcdonalds is down, pfizer down, virtually every big names that i have seen across the board is down today. Nicole we had 490 names lower but those are the lows. Stuart that is the stock market. A huge action there. How about oil . We are down a middle bit. 81. 80. At one stage we were barely holding 80 a barrel. Come on in, tres knippa who trades various commodities out of chicago. Item number one, do you think oil is going to drop below 80 a barrel . For me, our president better be nervous. Lets look at the facts. In the United States since january of 2008 we have created 700,000 jobs, yet 1 million jobs have been created in texas because it has been built around a crude oil and natural gas and fracking so the rest of the United States has lost 300,000 jobs. Where is all this growth the Federal Reserve is supposedly spurring on here . If the dollar continues to firm why what our dollar firmed . Obviously you mentioned it a little bit ago but the world is awash in all the Central Bank Money and so as you get this, quote, flight to quality on the ideas janet yellen might be raising rates next year the dollar firms up. That pressures oil and here we go. You mentioned it in your previous segment of the have to take credit or Charlie Gasparino has to take credit that notice the tone of the conversation. Two weeks ago we were talking about janet yellen was going to raise rates, now were talking about q e 4 and for he is dead on the money. With all you have as a hammer everything looks like a nail, more q e from janet yellen. Stuart thank you very much. You are seeing this volatility in large part because governments tried to d risk risktaking, tried to stimulate the economy, Interest Rates at historic lows, and said 2 traders we dont know what theyre going to do next, you need risktaking in the economy to have sustainable, normal growth and continued to see this volatility. Some of the deals that blew up. They fly to quality. It is a huge deal and why did deals like that blow up . Because of u it speaks to a bigger issue. Stuart and certainty, lack of leadership from the top. Easing is all we got. My point is theres risk in this economy because government is trying to take risks out by propping everybody up, dropping the market up, dropping the economy up. They got to pull up and we need less government, lower taxes, more certainty. Bernard when you get a big round of applause on sat one. I want to get to ebola. The trigger that got things going to the downside earlier this morning. A second case in dallas, talk that ebola could go airborne. Listen to is this. Published with our collaborators demonstrates ebola has the inherent capacity to enter lung tissue, a human lung tissue from the air wayside just as influenza does. Of the one that is dr. David sanders on the Fox News Channel earlier this morning. Come in kevin campbell, dr. Kevin campbell. You heard what he had to say. He is implying that if somebody with ebola sneezes and you breeze in the ecs you can get ebola. That is a form of airborne that acts to the anxiety. Would you make of what the doctor just said . Adds to the anxiety but i want to emphasize as of now it is not airborne. What the doctor from perdue is saying is true. He has seen the ability of this virus to mutate and it can you take quickly and ultimately as this continues to breed in west africa and now in america and we have more cases the chances of mutation are greater and i think this is a possibility down the line. Stuart that is why the public is spooked because there is a possibility of this happening. There is no certainty that it can be contained. That is the problem, isnt it . It absolutely is. Theres a paper already published in science that shows within the first 20 days of the outbreak there were 400 different mutations in 70 patients with ebola. Imagines those numbers now and when we have 1 million cases, how much they could be. Stuart are we going to get a vaccine . Of vaccine is coming, it has been shown 100 effective in primates. Is tested in humans today. And canada has said they will provide a thousand doses to test further in west africa which i applaud. Stuart that is december, of course, many weeks away. Next one, should we impose a travel ban . I have been saying as have you and many others we should have imposed a travel ban months ago. We need to quarantine everyone who flies out of west africa prior to leaving. We need to steal our southern border. If not we are going to see more and more cases and i believe the director of the cdc should step down because he has bungled this thing time and time again. Stuart thanks very much for appearing with us today. We appreciate it. You never know which way this market is going to go. Wild swings up and down. We are down 175. Please remember we are down 360 earlier. Look at that. When was the last time you saw the ten year treasury yields go down 12 basis points. I dont think i have ever seen action like that. It was 185. I have seen action in the 2008 financial crisis and that was a massive flight to quality. What we have right now when you talk about the fed and uncertainty the fed created since the in the market for many years by printing money. Here is the problem. When the fed is at odds, janet yellen, fisher, the market will trade off of these headlines every day. Stuart to oil, we are watching for a seven handle the few can believe it, we are 81. 66, we got close to 80 even earlier. We will be watching that. Lets see. Much more on ebola and how it is affecting your money right now. For example, who can sue . The affected nurse, who can she sue . Anybody else . The judge is here on that in just one moment. The father of american fracking, a true energy pioneer, harold ham, is here to talk about the drop in oil prices which he is partly responsible for. He is on the show today. Are the largest targets in the world, for every hacker, crook and nuisance in the world. But systems policed by hps Cyber Security team are constantly monitored for threats. Outside and in. Thats why hp reports and helps neutralize more intrusions than anyone. In the world. If Hp Security Solutions can help keep the Worlds Largest organizations safe, they can keep yours safe, too. Make it matter. Suddenly youre a mouthbreather. Well, put on a breathe right strip and instantly open your nose up to 38 more than cold medicines alone. So you can breathe and sleep. Shut your mouth and sleep right. Breathe right stuart where are we now . This market is all over the place. We are down 180 points. That is about half the loss of about an hour ago. The price of gold not doing much. It is up 7 bucks. The real action is in stocks and the will and Interest Rates. Look at oil, 81. 51. No rebound from yesterdays huge tumble. But that time warner, a lot of bigname stocks, is up slightly. 3 . It is a. Hbo is launching its own standalone streaming service. Look at netflix down big on the news from hbo, netflix is down 15 bucks. You cant get away from ebola. I shouldnt say that but you cant get away from the ebola story. Thomas duncans family may sue the dallas hospital where he was treated. 26y nurse nina m. Infected when treating duncan, does she have a right to sue the hospital, her employer . Judge Andrew Napolitano will sort out the lawsuits for us. Can she sue the hospital . Judge napolitano no. You cannot sue your employer for a workrelated injury less the employer intentionally harmed you because the legislature has coopted that by workers comp. Stuart she says i didnt get proper training with hazmat since then you didnt train me right and now i have the ball. Judge napolitano the keys will be dismissed. In workers comp she will be compensated theoretically, i dont approve of this but it is the law, she will be compensated for any permanent injury and loss of work unless she can show that her employer intentionally harmed her probably inconceivable here. Could duncan sues the hospital . Yes. Obviously duncans the state. This hospital acknowledged it was unprepared to treat ebola. It should have not turned him away but sent into a place where they were prepared to treat him so they may well have a case that there damages are limited to their Economic Loss, not their pain and suffering their father, brother or son is deceased, their Economic Loss is a consequence of his early death. Stuart who else can sue . Any nick as a general rule with respect to diseases the cause of action comes about when a person is reckless in exposing themselves to someone else for intentionally exposes themselves to someone else. For example there are cases of people who have aids being arrested intentionally biting the police that arrest them in an effort to transmit the aids to the cops. Obviously that is an intentional behavior that could be the basis stuart dont you think a good lawyer could get ahold of the jury and say look at my client, suffering from ebola because of this group of people didnt train her right, the equipment wasnt right. Is their fault, hagar. A lawyer could do that. Judge napolitano if the judge allowed a lawyer to do that the purpose of workers comp, i dont defend this, theres a system in all 50 states, the purpose of workers comp is to remove from juries the consequences of workplace injury. Whether i slip and fall in a wire in the studio or whether i am a nurse or doctor and hospital and i get sick because i work there i cannot sue the employer unless the employer has set out to track or harm me. Stuart i am sitting on a plane, someone gets sick, we have to stay on the plane, in come the guys with hazmat suits, i say i am terrified by this and need therapy for the rest of my life, pay me. Judge napolitano you cant sue anybody for your fears. Years are not compensatory. Fears were stuart when if i suffered mental damage because of my extreme fear . Judge napolitano very difficult case. Most judges would throw it out because the courts of virtually all states said you cannot sue for fear alone. Stuart how about the airline . Judge napolitano kantor fitzgeralds to the airline after losing a lot of employees during 9 11. As 7 million settlement. The airline here is the problem with the airline. In my world, in my free market world in my free market world after all these years the airlines which dont and operate their own property would decide who gets on but that has been coopted by the government that the government tells them who to put on or keep off. They should decide that. Stuart breaking news from the cdc, the second Healthcare Worker who was tested positive for ebola flew on a plane on october 13th, two days ago. That is the day before she started showing symptoms. This cdcs reaching out to the 132 passengers who flew on that flight, Frontier Airlines flight 1143 from cleveland to dallasfort worth october 13th. Judge napolitano there is no way that airline could be liable for putting her on their if she had zero symptoms. There is no way she is not typhoid mary walking through the streets with typhoid spitting and people and biting them and try to infect others. She is a normal passenger who has no idea what is going to happen to her in two days, she cant be held liable. If the one that stories for the general anxiety level. Cant you see the cdc for not being prepared to . Judge napolitano the government has enacted laws that make it immune from mitigation. A private hospital can do things and be sued that a Government Hospital could get away with. Stuart the dow is going down 204 points. Judge napolitano in two days we will be talking about the gdp impact of this disease. When you contact 135 people and you may be on a plane everybody hears about it, they dont want to fly or go to movies theaters. This is a fallacy and paralysis. In the dallasfort Worth Airport on thursday during your show. Because i am passing through on my way to speaking at a Major University in texas. I will call you from that airport into the studio and let you know if it is alive and vibrant or a ghost town. I heard newark was dead. Nobody was there. Stuart were talking fear of flying, fear of being exposed even though that may be an irrational fear, doesnt matter. It is the fear there of which will cut down on travel and raise the a anxiety level. The dow is down 0. 2 . The sox are selling off all day. We are down 210. We have been down 369. Market bear harry dent has been saying the big correction is coming. Is this the selloff the was talking about . Is you with us now . We will go to a break, harry will be with us in a moment. Go ahead and put your bag right here. Have a nice flight traveling can feel like one big mystery. Youre never quite sure what is coming your way. But when youve got an entire company who knows that the most ontime flights are nothing if we cant get your things there too. Its no wonder more People Choose delta than any other airline. Sometimes they just drop in. Always obvious. 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. You never jim jam shabriver flab dry ris. O is, bliss pounds hazy dray . Drywall shboop leaver murray. Hey, big bog panorama corn salabaty . Dude, squibble bits. Mareyayzee. Mormal snap jebby rolban jebby deetle flosh. [laughter] eh. Nows the time to get in the loop. Just look for our fall tv picks with xfinity on demand. Huh. Quickly find the seasons hottest shows, huh. Quickly find the seasons hottest shows, with a handpicked collection all in one place. Only from xfinity. Stuart i have to go back to that breaking news that was reported moments ago. The second Healthcare Worker that tested positive for ebola flew on a plane monday night. The cdc is now reaching out to the 132 passengers that were also on the flight. The fear, people will not fly. It started tanking again. Stuart we are down to 26. This is the ultimate payer. Harry is predicting a huge the client for the stock market. He joins us now on the phone. Is this the start of the big selloff that you forecasted on this program several times . I think about we are getting close. We went just above that. You do not really know it is the top until you break some critical levels. We have been looking for 1850, give or take, on the s p. That is about w