axel merk, thank you very much. up in the next 20 minutes, despite the global market turmoil, the ceo of airbus has never been so healthy. we will bring you his comments. saidast week, janet yellen negative interest rates are not off the table if the economy continues to slide. gold is one of the few beneficiaries. saudi arabia and russia have agreed to freeze oil output to battle the record low prices. will i ran follow suit? ♪ alix: welcome back. at this time we have stocks trading higher in the u.s.. lead by up more than 1% the tech heavy nasdaq. they're being boosted on a point basis the most. apple and amazon are trading higher after the company is working on the fifth bond deal. amazon is trading higher after learning they have acquired -- to enhance payments. they each are down more than 25% from their perspective takes last year. it'll be interesting to see how the tension plays out. today's top percentage employers, viacom, shares are sharply higher and citigroup has upgraded them. the risk to reward prof

,avid: that was axel merk speaking earlier today on bloomberg television. coming up, following the selloff and headed to break, session lows for the major indexes, 3% down. the s&p 500 down 2.5%. 45 points. the dow at about 2.25%, 336 points. more markets after the break. ♪ david: stocks are selling off and gateway and the nasdaq is leading, down three point 1%. abby doolittle's live in the marketplace. that's a big selloff, the nasdaq is less than 1% away from entering of their market, feels like a waiting game at this point. following garishly in the biotech sector, they've entered thethird bear market from july 2015 record peak earlier this year. be aown near 40%, it could signal of what's to come for the nasdaq. .eading it down today, facebook down the hardest on the news that the company will not be able to offer its site in india under a free basic plan that they had been pushing for. this is somewhat of a stunning reversal last week. they had been up year to date, now down as a sitting duck for investors to sell short. now the stock appears to be h