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COOLING TEMPERATURES FOR THE
WEEKEND.
>> WE ARE WATCHING WALL
STREET WITH OUR FINANCIAL
EXPERT ROB BLACK.
>> ROB, WE'RE SEEING THINGS
GETTING BAD.
>> WE'RE SEEING THE
DISAPPOINTING QUARTERLY
REPORTS BY DOW HOPE. THEY
HAVE NOT HAD VERY GOOD
QUARTER.
>> NOW WHO IS STRUGGLING.
FACEBOOK AND GOOGLE ARE
DOING WELL. THEY ARE HAVING
A REALLY TOUGH TIME KEEPING
UP. IT IS WANT TO GET TOUGH
FOR THEM. THEY HAVE DONE
SOME REALLY NICE THINGS WITH
THE THINGS SUCH A BROAD
BAND. THAT BROUGHT IN KATIE
COURIC BUT THEY ARE STILL
LACKING. THIS HONEYMOON IS
OFFICIALLY OVER. PROBABLY
THE BIGGER COMPANY.
>> DO YOU THINK THIS IS
SOMETHING THAT SHE CAN TURN
AROUND.
>> -THE ACQUISITIONS, THEY
NEED SOMEONE LIKE A
MICROSOFT OR APPLE HAS DEEP
POCKETS. SOMEONE WHO CAN
COMPETE WITH THE FACEBOOK.
THEY ARE JUST NOT THAT BIG
ENOUGH.
>> WE'VE SEEN ALL THESE
TANKS IN SOUTH AFRICA.
PEOPLE GETTING UPSET ABOUT
THE INTEREST RATE BE RAISED
THEM. TURKEY RAISED THEIR
RATES. UP TO 12%.
>> YOU ARE SEEING THAT
EMERGING MARKETS COLLAPSE. I
TALKED TO ONE OF THE
ANALYSTS YESTERDAY. THERE
STATING TO GO ETF. IT IS
SHOWING YOU THE PROBLEMS
THAT ARE OUTSIDE OF AMERICA.
THE UNITED STATES WERE
GLORIOUS AT ONE POINT IN
TIME. CHINA, THEY'RE DOING
FINE. BUT THE MARKETS
OUTSIDE ARE REALLY
STRUGGLING.
>> DO YOU GET THE SENSE
THAT THE MARKETS ARE
STARTING TO WIND DOWN?
>> NOT REALLY. THE U.S.
MARKET NEEDS A 10 PERCENT
CORRECTION. WE ARE AT ABOUT
4 1/2%. WE NEED THIS
PULLBACK. IF YOU ARE AFRAID
OF MARKETS. USE TO FOCUS ON
COMPANIES LIKE AT&T THAT DO
NOT NEED GLOBAL MARKETS TO
DO THEIR THING. I DO NOT
THINK GLOBAL MARKETS ARE