join us is steven stanley. great to have you with us. you're one who is sticking by his forecast in terms of fed rate cuts but the consumer is on the cusp of a slowdown. anything in this report in particular that adds to this thesis? >> certainly the data were weaker. i think in particular, one of the things that steve pointed to, the fact that restaurant receipts were down. that to me is the ultimate discretionary category. and we have seen declines in the last four to six months at restaurants. that is one signal. i think in general, we need to also pay much attention to the consumer spending data at the end of the month. most of the action for the consumer lately has been on the services side. so goods, weakness alone is probably not enough to really move the needle for the fed. >> yeah. the restaurant line item, steve liesman, stood out to me, as well. especially given the consumer had a little bit of relief from lower gas prices overall, lower fuel prices, yet they still felt the need to pair back on what they are spending out. it w

e*trade from morgan stanley >>> all right. we are in the "closing bell" market zone.to break down the crucial moments of the trading day, plus pippa stevens, kate rooney on the selloff in bitcoin and crypto you first, first day of the week, pce this week, nvidia in a correction of some kind. >> pretty significant stakes given we are closing out the quarter in the first half. you know, i mentioned all last week that the week after the june options expiration which is this week opened up a window perhaps for some greater index level volatility, maybe some sloshing around. it's not really happening at this point you basically have a well-behaved market, reacting to the pull back in the semis as well as you might expect obviously as everybody is saying, market breadth in general is positive, niagra groups are being picked up whether that is the mechanical after effects of this very, very persistent dispersion trade where people are betting on index com and diverges below the surface as an active trade, not just an observed pattern, that keeps paying off also when you cons

pippa stevens on the sell-off in solar stocks today.s capital after the bell today. leslie picker is following the money for us as well. mike, we're going to pull the curtain down on the first half of the year. pretty good one for stocks at the index level. >> very good one. i think if you extrapolate, you say what tends to happen next, after you have the first half like this. it almost all tilts to a positive bias, we can say that for sure. you can also say the end of the first quarter, i'm very mindful of the experience at the end of the first quarter is very celebratory. that's a little more overbought. we were all in, we had had the momentum break, you know, nvidia peaked a few weeks earlier. we were heading into an earnings season that was going to be good and it was good. and you still had a little bit of chop along the way because of where expectations had been, and because of what treasury yields did. and they broke up toward higher end of the range, toward 4.5%, you flagged it earlier, but the bond market reaction today wasn't

e*trade from morgan stanley >> announcer: the market zone is sponsored by e-trade from morgan stanleyy with no account minimums. >>> now in the "closing bell" market zone, kate rooney is tracking what's driving gamestop shares lower into the close. plus, pippa stevens with a look at the selloff in solar stocks today and diana has the set-up after the bell. gamestop got their hopes up and had them dashed again. >> it was uneventful for the reddit crowd. it was actually gamestop's second attempt at an annual meeting. it was scheduled for last week and got bumped today after the website crashed due to unprecedented demand from online participants. today, relatively uneventful. ceo ryan cohen said gamestop plans to operate the smaller network of stores and talked about a strong balance sheet. company has been capitalizing on this meme stock rally. there were no specific new updatesaround the turnaround plan there, the stock down more than 12% today after that meeting. it's been on this wild ride since, of course, the return of keith gill, roaring kitty, to social media. ryan cohen, in his