stocks cutting their losses through the session though the NASDAQ is still

under heavy pressure after snaps and shock waves across the market.

The most important hour of trading starts right now.

Welcome to Closing Bella, Mike Santoli, Sarah Eisen is on assignment

in Davos. Here's where things stand in the markets, as you said, came back from the

lows about down 2.5 percent on the S&P 500 at the lows. The Dow had been down over 500 points.

It's ground its way back. You know, for the last nine sessions the S&P has kind of stabbed below

the 3900 levels. It, never closed below there, it's never closed down

20%. So so far that remains intact. Check out the biggest decliners right now in the NASDAQ 100,

though, still kind of the epicenter of the selling

see decks calm down 12.5% docuicide a lot of those pandemic cloud favorites

data dog pinned dodo and splunk all them down more than 9% on the day. We have a great

lineup to help you navigate this wild market including Nancy Tengler

from Laffer Tengler Investments, Sandy Pomeroy from Newberger Berman, Chris Harvey from Wells Fargo,

High Tower Stephanie Link, and tech analyst Rojibro-Cokarney.

We will start with that profit warning from Snap that sent those shares into free fall

CEO Evan Spiegel said the company will miss its own target for revenue and

adjusted earnings saying the macro environment has deteriorated further and

faster than anticipated.

Joining us now via phone is Michael Nathanson, Moffitt Nathanson, founding partner

and senior research analyst Michael.

Appreciate your calling in.

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