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alongside kelly evans, i'm dominic chu, and we have a mixed market today, kelly. >> i was going to say the big board, and that's old-fashioned new york stock exchange. >> you can still say that, though. >> only for the dow? >> we know what you're saying when you say the big board. >> let's check, it is -- or the dow is down 153 points and a third of 1% and it's giving up earlier gains trying to rebound from the week's losses. the s&p down just four points right now and the nasdaq, dom, is up half a percent. >> if you take a look at that, the yields and the situation there, they're falling this morning with the economic data that we saw adp private payroll's number whil short of the estimate and the smallest job gains in three and a half years and worries about what that might mean for tomorrow's government jobs report and the big non-farm payrolls number. >> indeed. and as we're just showing you the two year and the ten-year, we are 373 and the curve remains somewhat inverted. >> it's essentially flat and we're talking two to three basis points. >> we're looking for the signal

amm am i amid the noise. >> and how much noise even with the yield curve. >> 100%, but just to put the curve aside for the moment just look at the sheer level of the ten-year 3.73 and canada went beyond 3%. and there's talk among the community about whether our yield could go below 3%. >> and it's where people are moving money within sovereign bond markets around the world. >> absolutely. so that's the macro side of things and let's turn to the chip sector which has had a bad week so far. the smh semiconductor etf is down more than 7% and goldman sachs is out with a note this morning on artificial intelligence saying that the tech sector is not in a bubble and will continue to dominate returns. nvidia shares are slightly higher today. you can see they're up by about a percent and still up 10% so far this week, but bank of

america says buy the dip, saying recent headwinds provide an attractive opportunity to get into nvidia and finally, broadcom is reporting its results after the closing bell today. about two hours from now, for more on what to watch from broadcom and all of the other chip choppiness out there, let's bring in ben wright. the head of technology research. ben, this is a scenario where nvidia is rightfully in many people's minds, the stock that is driving the entire market right now. how scared or optimistic should we be about the chip sector? >> hey, dom. well, look, seasonally, this is a time where a lot of folks digest big first-half expectations and the chip stocks, just like actually last year ran ahead of a lot of ai hype and now it's time to deliver, and we're see something cracks in terms of pc demand and a few of maybe the applications that investors wanted to see take off such as microsoft

co-pilot and a few other things be slower on the uptick, but i feel like we are in the early innings still of this and feel the sector will find its legs and get going as a lot more applications come out next year. >> okay. so let's assume and let's just say for argument's sake that you're right and this is a longer term story that's playing out that we're in the early innings for. how much volatility could we expect for people playing this particular trade? are we going to say hey, it's a long-term uptrend and we can see a 30% drawdown hypothetically? >> i don't know if anybody's smart enough to think that something that draconian will happen, but i do think there will be a ton of volatility and it's a little bit like the '90s. we have a paradigm shift and a lot of learning on the fly. i think it's a lot like the '9 s

wh where this is a new market and people are figuring things out and there's technology out there. i do think we are in a multi-year shift where market cap are shifting toward semis and some of the hardware names and i don't think that's going to stop. however, in times like this where there's just a few pockets of air, maybe you would say, folks get a little worried, but i think long term we're on a freight train, and i would be buyers on dips on the leaders like nvidia and broadcom. >> as you know and a lot of the community is questioning whether this year or next year can be the peak investment year on ai and some of those returns and i don't want to say they don't play out, but they have to think about whether it's enough to justify the massive spend if it moves the needle enough or if there are smarter ways in investing with the technology. what's at stake and what do you want to hear from them one way or the other? >> i think people would be laser focused on the ai revenue. last quarter it was 3.1 billion. we want to see that the company

has a lot of momentum there not only in the custom, but in the ai networking space and they last said that it would be 11 billion plus and if that goes belond 10 billion plus investors will be happy and the other thing we want is to see upside in ai and not have to cut other numbers like more in the slower growing parts of the traditional business. so broadcom, though, seems to be executing very well and they also have the vmware acquisition where they're executing and it does a really good job over there. so we feel like this is one that should be bought on dips because they're a long-term winner. >> you've got buy ratings on both broadcom and nvidia, two names we talk about the most arguably in semiconductors right now. are they the top picks in the business or are there other places that might be a better catch-up trade at this point? >> we've said amd could be a

better catch-up trade in the back half and so far, it hasn't worked and there has been concern about the pc business and competing in nvidia. i think amd is a more volatile name and if you can say such a thing, obviously, nvidia with the big sell-off on the other day, people may laugh at that kind of comment, but i think amd might be more volatility in the year end and that could be a catch-up raid, and i think lisa suh is doing a great job there and there is room for a number two, but broadcom and nvidia really are the dominant plays because broadcom's got this beachhead in customs and in networking which has soared next year and nvidia is the market leader and really driving the entire ai revolution. >> ben rice with the outlook on computer chips. >> he said it could also benefit the networking partner arista

networks. >> the ripple effects. >> coming up, deal or no deal. whether it's mergers, breakups or deal disputes we're seeing lots of headlines in the m and a space and we'll discuss with herb greenberg next on "power lunch." the dow is down. stay with us. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment and benefit choices so you can reach today's financial goals. that one!

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welcome back to "power lunch." let's talk deals and broken deals, a few making headlines including top golf callaway brands. we've got a lot to say about

that one. verizon is finally to have acquired it in an ongoing deal and the saga where they could block nippon steel's acquisition of u.s. steel. let's bring in herb, sub -- i think i messed that up, or they did. >> it's okay. >> where do you want to the start? which is more consequential or telling? >> the one i find most interesting because i've been writing about it since 2023 is top golf because it's a trend that's fascinating in the sense that it is indicating deals that shouldn't have been done in the first place and the heady days of 2021 that are now unwinding and coming undone. i red flagged this company in may of 2023 in my red flag alert which is is part of my sub stack and look, it was heavy in debt. the glory days didn't go, and it was a poorly conceived deal and now they'll break it apart and now you have to look and see if you'll see more situations like

that which is very different than, say, a verizon and frontier where, you know, frontier had an activist investor in there that was looking for them to do something over time. verizon is looking to build out bandwidth and fiber. so, you know, that was a specific situation and then you have a political aspect of something like u.s. steel which is just a one off in that regard, but could be very interesting because as we go forward from an election standpoint, what really matters? the ftc matters and the antitrust matters and if you wonder whether this market would be a bigger deal, i would suspect that is the one thing people will be watching along with interest rates which obviously if they went lower would bring in private equity which would be stuck in the mud. >> that's true. >> that would be a key catalyst on the sideline and the regulatory environment would be a buzz kill in many of the deals. let's dwell on my favorite of

these, the top golf, callaway situation. what do we take from this? what do we learn from this, herb? >> i think you learn from a company again, in the go go days and i come back to 2021 when rates were low and lots of debt was spent on the steel. it literally did not bring this company into -- i mean, i never understood the deal. when i wrote about it and i red flagged it, i saw cash flow and the net income really falling off and if you go back and start watching, the company was actually starting to come up with what i call made up metrics and it was telling the street to look at and as you saw these things happen it was under increasingly a lot of pressure and as the stock continued to fall, they had no choice but to, you know, try to now split themselves apart. obviously, it isn't a buyer and it split themselves apart and you find out that these deals that shouldn't have been done are now coming under fire especially in a market like this

which is what i would call a much more jittery mark. >> herb, i mean, maybe your focus on this is because you live in the right part of the country to focus on this. they're not that far from where they are residing. >> no, they're just up the road. >> here's my question. my question is this is now going to become more of a company pure play for golf equipment and apparel and one that will be focused on the golf entertainment side of things and how much do you think a cushnet's outperformance during the span of 2021 until now played into the decision because then people say, hey, you is evaluate pure play golf equipment and apparel business more than top golf callaway? >> i think that's key to it because you obfuscated what the real business was. top golf. you talk to people something like a top golf and it's a great experience and it's very expensive and top golf was a post-covid play and these are, you know, just like bowling or anything else.

these are things that did exceedingly well at that point in time, but it's not inexpensive to use and go to and it's something that did really well during the pandemic and again, they've built an enormous facility here in san diego so it's not going away, but you have to separate the two. otherwise, you're not going to get the pure play. being look, i follow callaway since it was public and it was a controversial name all of the way from big bertha on. it was an up and down type name and this, from my perspective, i never understood this deal. i do think the people who buy the stock and loved the stock as it was with top golf, but i think you need to separate the two. >> in the quick remaining time we have because it's a developing story whether they block the tickover of u.s. steal, i don't know which hat you want, is it the shareholder?

the politics of it. >> the national security. >> the national security and yet, fred kemp last hour told us it could sour relations with japan which is a key ally, what do you think? >> i'm not an expert on international relations. i think it would be a shame if anything soured relations with japan. i think it's a situation where, look, u.s. steel did a great job building this up and rebounding what it was, but i don't think it can get beyond right now the populist issue and the isolationist issue and you have to get past this election to see how this evolves and calling it a security issue, i don't know, this is an odd time for any of these issues right now and i think things can change once we get past this. >> so we just wait and see? >> yes. >> would you buy u.s. steel on this potential block deal? >> i often -- i don't get into recommendations, kelly. i just know that u.s. steel is a

company i looked at when i was looking at a letter that was biassed as a company that looked very attractive, but that was two years ago. can't speak to it today. >> thank you. always great to check with you. herb greenberg. reflecting on the nvidia trade. rk nigors mi up next.

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>> welcome back to quote"power lunch." let's get a check on the markets. the dow is down 150 points and that's a good thing because if you looked at the depths of the session, we were off the session lows which happened around the noon to 12:30 hour so keep an eye on what's going on there, the s&p down 0.1 and the nasdaq composite up one-half of 1% and the 10-year yield as kelly pointed out at the top of the showdown 6.7% and part of the government bonds. >> the head of the much-anticipated nfl kuckoff, cnbc is releasing team valuations and the numbers they're staggering in the billions and we'll speak to nbc sports legend mike tirico coming up after the break. ept ghhe.ke irit re

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welcome back to "power lunch." the market navigator viewers out there will remember last week one of our traders proposed a protected options play ahead of nvidia results. you can see it here it turned out to be a correct and profitable trade and they risk managed that trade. tony zheng is back, the chief strategist at options play and he's ready to explain what happened with that nvidia play and what to do right now. what can you tell us? >> yeah, dom, we bought in september a put spread and earlier this morning it was trade at 9.75 and that represents a 150% return on the spread. i think it makes sense to adjust this strike price now, bafksly rolling down the spread to a lower strike price and advocating it moving down to the same expiration and moving it to the 92-put spread and very

similar to the trade structure we put on last week and we are based on the current price because nvidia is trading around the 107 level versus the 125 and 126 that was trading a week ago before the earnings report. ? so how much is this trade going to cost? you realized a nice gain on the value of the last put spread. you have money to play with. how much are we taking out of that profit to take this new protection in place? >> yeah. so we've gained about $6 and this one will cost us $3. we will take $3 off table and still getting further downside exposure going into the jobs numbers tomorrow which is why i'm putting on this trade. we saw the job numbers last month cause quite a bit of volatility in the semiconductor space. i think that we could potentially see softness going into the jobs numbers tomorrow especially if you look at what came out earlier this week and you look at the fed survey number for august and showing a

fair amount of contraction in manufacturing and services. i think we could see another disappointment tomorrow, and i think the semis getting hit will likely be a trade that will play out with that type of theme which is why i'm playing this and moving the strikes lower here and trying to get further protection for nvidia especially if you're in this particular stock and this would be a good way to protect further downside. >> again thshgs is what traders like yourself call a debit spread and you pay out for it. it means the most that you can lose is the amount of money that you pay for the options strategy and what is the upside, can you tell us, from there? >> yeah. so in this particular case we have a $12 widespread that we're paying $3 for and that means you have $9 of potential profits or $900 of potential profits versus $300 worth of risk. you have a three to one risk/reward ratio before the

expiration which is 15 days or so. >> tony zhang with nvidia, thank you very much. we'll talk to you soon. ? thank you, dom. that's the navigator and let's get over to bertha coombs for a cnbc news update. hi, dom. the 14-year-old suspect of the shooting in oapalachee, georgia will make his first appearance at 8:30 eastern. authorities say the teen who used an ar-style weapon killed two fellow students and two teachers yesterday before surrendering immediately. justice department prosecutors are opposing hunter biden's surprise offer to enter a plea in his federal tax evasion trial. it's a legal maneuver that would allow him to plead guilty, but avoid admitting anything wrongdoing. it's not clear this afternoon whether the judge will accept the offer or move ahead with his trial. and two-time women's world cup champion alex morgan

announced her retirement from soccer today. the 35-year-old forward also shared that she is expecting her second child. she will play her final game with the san diego wave football club on sunday before hanging up her cleats. good luck to her, kelly? >> i'm always curious that they'll unretire about a year, you know what? maybe soccer. >> the tom brady effect? >> bertha coombs, we appreciate it. join cnbc in boardroom's game plan conference on september 10th in los angeles. it's a high-powered event bringing at leets, owners, investors and innovators bringing the worlds together of business and entertainment. visit cnbc.com/gameplan to register and "power lunch" will be right back. >> crypto watch is sponsored by grayscale.

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welcome back. the nfl season kicks off tonight on nbc and peacock at 7:00 p.m. eastern with the defending champ kansas city chiefs hosting the baltimore ravens. the nfl itself is coming off a strong season with the highest viewership in eight years. mike tirico is host and play-by-play announcer for nbc hosts and he'll be calling it for nbc. mike, thank you for making time for us today. it's good see you. welcome. >> good to see you. happy nfl season. here we go. >> so many different things. i want to start with something to clarify that i heard. are they changing the kickoff rules tonight? yeah. >> so what's it going to look like with the first opening play? >> yeah. we saw it in the preseason. they wanted to do two things. kickoffs were at the low of the point ever in terms of return kick offs in the history of the league last year and the kickoff has been a play that indecked higher in terms of injuries than any other play and they wanted to address both. if you didn't see in the

preseason. teams will still kick off through the 35 yard line, but all of the guys covering kick will be a lot closer to where the ball has to land and essentially they want the ball to land in an area between the 20 yard line and the goal line. if it lans you have to return it. if it goes out of the back of the end zone it's a touchback and instead of the 35 it's at the 30 yard line. i'm getting the sense early on, you will see a lot of touchbacks early on until people get a grasp of this rule and it will look different if you haven't watched the nfl in the preseason. >> a big change. >> it is a big change. >> it's dom here. >> yeah. >> you've been covering football and no reflection on your age. >> you're just a veteran. >> thanks, dom. >> how much have you seen over your sport cs career. a lot of the changes have been made to make the game more entertaining and the game has evolved over the course of the last 20, 30, 40 years. >> sure. >> i wonder if your life span covering football, is it more

entertaining for you now given what you see today or wases it more entertaining for you watching as it was as a kid during that span? >> i think it's evolved from a rough physical where the collisions were almost celebrated to a game that is, one, a little more understanding of player health and safety down the line as we've learned more. litigation is probably factoreded into that somewhat, but i see the nfl on a very regular basis. they use a lot of data, a lot of studies and look at a lot of plays and when they see behavior leading to injuries they want to change that. when you see the quarterbacks play with a different set of rules than the rest of the players on the field because you want to see passing. when you talk them they are pro-passing and anti-defense. this is an entertainment vehicle

and i think we've seen more of that. scoring came down a little bit over the last year or so. so i think you'll watch closely to see if the games are scored because that keeps fantasy football players involved. >> true. >> just an exciting up and down game on the field. we are a society that has taken a long time to warm to soccer because everyone said a 2-1 game is boring. now it's more exciting. more of us played and we understand it. more than the gladiator, physical-type days back in the dark ijes that you pointed out when i was a kid. >> we'll talk to contessa a little bit later about the betting angle and all of of that and to your point, tom brady has been outspoken about how he thinks this has dumb down the quarterbacks. they're not getting the kind of training. is that all of us kind of being to follow the joke, a little bit old and pining for the days of yore or do you have to respect a

guy like this saying you're not going to end up with the same quality and he was suggesting mental acuteness of some of these players that he kind of implies he was. >> tom's got a microphone on fox now so he can say whatever he want, and i think he'll be great, by the way, as a lead analyst working with my friend kevin burkhart. i think tom has an interesting point. college football, if you watch a college football game you'll see placards and you'll see players looking at coaches and get hand signals. college football is 20 hours a week with the players and they want to make it as dynamic and exciting as possible. a lot of it is hand signals. what does that mean? the quarterback at the line of scrimmage doesn't handle the way tom brady or peyton manning did or tom brees so the quarterbacks are coming in and having to learn. put that, multiplied by the reality that these players when they come in they grab someone in the first round like daniels in washington and caleb williams

in chicago this year, they're expected to come in and play and they have to make a really quick jump and sometimes if that jump isn't a good one you're looking for another quarterback in two years. so brady's point is a multitude of things and i still think the quarterback position's play at an extraordinary level and the most important position. it's like hiring the wrong ceo. if you hire the wrong ceo your company will be talked about on power lunch. and the ceo will be on and talking to you guys, right? it will be a big story. you have the right quarterback and you get a chance to win in this, and it's that simple and we'll see it with lamar jackson and patrick mahomes and they're two of the best in the league and baltimore is the best in the season. >> the nfl is undoubtedly a tour du force in america and it's only grown stronger in the last 20 to 30 years. it wasn't that long ago when it was mired controversy around the kneeling around the national anthem and colin kaepernick.

it seems to have shaken that off and stronger than ever. can you speak to just how much football is part of our american fabric and why we keep tuning in every single week? >> yeah. dom, i think part of it fits our lives. you have an ardent fan of the 32 team. you can have a fantasy football league where you're rooting for the charges quarterback and you live in charlotte, north carolina. that's just the reality. it happens on a sunday when people have time off and it happens by a fire in the northeast or the midwest and it fits a busy, chaotic schedule. there was a time when baseball was the perfect fit and a daily companion on the radio. nobody has time -- i shouldn't say nobody, a lot of people don't have time for your baseball team seven days a week anymore because you have your

kids at soccer practice and your job and traveling and all of that stuff. football, you find out a way to carve out those three and a half hours, half hour to take care of your fantasy football team. 45 minutes to watch a pre-game show and something else and all of a sudden five hours of your week you're an ardent fan and know about the backup left guard and live all of the way across the country. this is the one true national sport because of the infrequency of the games and only 17 of the year in the regular season. you feel if i miss one i'm missing a lot and that's just urgency on top of fantasy football. people feel like they're invested. wagering, people feel like they're invested and then you get taylor swift dropping in the middy of the thing with the biggest nfl in the nfl or the hottest team and it's become one of the biggest teams in the league. taylor is supposed to be there, and old announcers using bad dag jokes trying to use taylor

swift's lyrics. >> whatever you're doing, highest viewership since 2015, and the valuations on average are $6.5 billion, $11 billion for the cowboys. >> kell, just to put a point on this. my wife wishes it was only five to six hours a week. >> i heard 30 minutes on fantasy football. >> that was the minimum. you can and we encourage you to exceed the five hours, by the what. it helps the bottom line and especially now with private equity involved who knows where the valuations of the teams will go. we're entering a new era and it's a hot property and hot product and they keep growing and every time we say no, it does. let's see what the next few years bring to the nfl. >> thank you for your time and we look forward to hearing from you tonight. >> my mrpleasure, thanks. >> live coverage begin at 7:00 p.m. eastern. roger goodell will be on squat box tomorrow and we look forward to that as well.

>> one reason why football is america's favorite sport is gambling. 35 billion is expected to be w wagered. 35 billion with a "b." contessa brewer just spoke with the gambling correspondent with draft kings. >> chief gambling correspondent. the expectations total addressable market are expanding, draft kings projects online sports betting which accounts for 95% of the total coming through on mobile. it will be a $30 billion market in 2028 based on the existing states alone. i just asked jason robbins about the growing opportunities. >> we put out a number in the last investor day and we're seeing signs that maybe it's even bigger than that. obviously, more new states will expand and we don't have quite as many this year and it's an election year and that's always

tougher. >> we've seen that even in established states there continues to be growth. i want to ask you, you came up with valuations from the nfl team and the dallas cowboys blows everybody else away and it's $11 billion. does -- is there acorrelation between the valuation of an nfl team and how much action you're getting through the sports book? >> absolutely. cowboys are one of the most popular to bet on even though we don't have legal sports betting in texas and there are multiple moving parts if it is not good they will offset some of that because people aren't as likely to bet on them. arc sumassuming all things bein equal. >> touchdown-related offers and their website and what keeps hem up at night in the hiking states in the sports books. >> the amount of money that

we'll see transacted over the course of the season will be massive and record breaking. how much, then is the game, do you think going to be effective from a viewership standpoint because there is so much active involvement in gambling across all of these games? >> it's circular, right? it's circular. what you see is if you put money on the game you're more likely to watch the game. if you're watching the game you're likely to hear the play-by-play announcers or those on social media about the bets they've made and it's one way why the total addressable market is expanding in this case. when the games are exciting and to mike tirico's point, the higher scoring they are, what we see is more bets come in and people are more engageded in it and so the sports books also want games that are lively, active and where there are player narratives that are really driving action on the sports books, too. >> big action for sure. contessa, thank you very much for the report. we appreciate it. >> sure. >> remember you can always hear us on our power lunch podcast.

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rising home prices are a problem across america, but in montana, specifically, they've risen so much that housing prices have become a key issue in a hotly contested election race. our emily wilkins is in missoula, montana, with a look at this senate race which could have a major impact nationally. emily? >> hey, dom. well, yeah, if you love the view you're seeing here you can buy the house behind me for about 3 million and that might be higher than you'd expect for montana and the state has seen a 66% increase over the past three years well below the national average of 50%. that's a combination of more people moving into the state and a labor shortage. housing has become a key issue in montana's senate race which could ultimately decide which party controls the chamber.

a home builder said he's had to pivot away from building homes at at lower price points because the market just isn't there right now. >> the young professionals weren't able to afford it. we've seen those houses in our existing inventory remain in our inhave not or for longer than we would like to see. >> democrat john tester who is facing the toughest reelection of any senate incumbent is campaigning on housing affordability. he's preparing a co-op or non-profit to expand and repair affordable housing. republican tim sheehy has blamed higher prices and the trade jobs to help increase the supply of homes. race is currently rated as a toss-up and a new aarp poll out today fines that sheehy has an eight-point lead in the matchup and it is in the poll's margin

of error. guys, a very close race and a very important issue and whoever wins the race will have control when it comes to the tax package. >> emily, i know it's wyoming, but liz cheney did come out and say she's going to vote for harris. >> and to be honest, when you kind of see liz cheney's evolution here, i mean, the fact that she was on the january 6th committee definitely shows her a lot of concerns that she has had with trump. i think it was the new step coming out and actually going ahead and backing harris at this point. but look, i mean, there's certainly folks who are in the states of montana and wyoming who do kind of subscribe to a little bit of the democratic philosophies. they enjoy, you know, certain things like you've seen democrat talking points on abortion, do really well in states out west like kansas, so there are messages that candidates and lawmakers are putting forward to invigorate voters in the state, but i think really, for montana, this isn't a competitive seat when it comes to the presidential race, but the fact

that jon tester, who is a democrat, is currently holding one of those seats, that's what really makes this competitive, and honestly, democrats looking at the map, there are so many places where they could potentially just lose one person and lose control of the senate, but this race in montana, it is definitely the hardest on the map when you look at just the difference between how folks voted for trump and how they voted for the senate candidates. >> super interesting. did you say how much that house is behind you again? >> $3 million. >> and there's one -- $3 million, and the one i'm standing on is $2.8 million. it does come with a wine fridge, though. >> we unplugged our wine fridge. the kids just opened it and throw the bottles everywhere. and they cost like a hundred dollars on amazon. $2.8 million on a house. >> or costco. >> emily, thanks. still to come, fantasy picks to power your portfolio. we drafted our own teams to drive big games this season. we'll bring you our special lineup when "power lunch" returns.

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welcome back the with the football season just hours away, everyone's drafting their fantasy -- i'm not actually in one. we're going to do one too, lean into the buy what you know theme here. dom and i are drafting our starting lineup. that's not what we love to have, just kind of what we have to have in our lives, products and services we can't live without, and we said no mag 7 names because everything i use is basically for big ten. >> they're off the board. >> my quarterback is costco. dom, i'm sorry i had to grab this one. we're going to get their august sales after the bell. >> my quarterback is an easy one, the company that pays the business. i'm going with comcast, as much as we talk about mag 7 kind of jokingly, it's the only stock i

care about. >> the catchall for our house is carters, no explanation needed. thank you to any mother-in-law. >> with a costco trade off the board, for me, it's target, narrowly edging out walmart. g geographically, it's closer to our house. >> for rubinning backs, i went with honda motor. >> our house doesn't have any evs,so we run on exxonmobil. >> verizon, dependable, they do my tv, my mobile, my everything. >> for me too but it's off the board so i'm going with colgate p palmolive. our dogs consume a lot of hills pet food products, which is a colgate brand. >> on defense, which is necessary to win championships, pse&g. they keep the lights on in our household. >> defense for me is literally going with defense, progressive insurance, literally defending against a lot of things in my

life. >> that's doing very well right now as well. utilities and insurance on the up. for the kicker, stretching a little bit here, but comme on, dom, can i pick coffee and chocolate? >> you can do that. my kicker, also went with two, which will soon be three. it's titleist's parent company and top golf callaway brands. you know how much i love golf and how much of those stocks get my disposable income. >> these are our teams. >> comcast, target, exxonmobil, colgate palmolive, progressive, and by the way, tune in tonight, 6:00 p.m. eastern tonight, jim cramer is going to give you his fantasy team. >> when tyler gets back next week he has his picks as well. >> let's bring in the draft grader. we asked our traders to check our teams. with our trades is boris, managing director of fx strategy. wide receiver pick, target for us. what's your trade on target?

>> love target. target, i think, is back. it's the preeminent merchandiser, the only place in the world where you can go for a half gallon of milk and come out with three outfits and a pair of slip-ons that you didn't know you needed. they have improved their logistics. they've improved their digital commerce quite a lot. the app is working really well. i bought like five button-down shirts, love them. i think target has a bright future ahead of it. they're back in business. love the trade. >> so, of our whole list, you like target. you like exxonmobil, boris. why this one? energy has not always been the best trade. >> yeah. i think this is an -- a widows and orphans stock. i think i.c.e. is here for quite a long time, and exxonmobil is actually pretty dominant sector leader in the energy space. they've done really, really well. they're doing $1.3 billion out of the permian basin right now. the market is very excited by

their guyana development, which has 11 billion possible recoverable barrels going on. all of this is really good relative to the fact that we have all this tension in the middle east and russia. so, i think they're in a very strong shape. >> finally, it's my kicker, top golf callaway brands. what's your trade? >> dom, it's catching a knife. top golf is a disaster. they're facing a lot of macro headwinds. a lot of people buying it because i think all the bad news is in it. i don't think so. you need to wait a little bit. golf also has a lot of competition now. pickleball on the up end and extreme sports and video games on the lower end, so it's hard to get motivated on the macro side for golf. so, i think, you know, they have a lot of problems ahead of them. i'd rather wait and see until they recover. >> i hope you're right, boris, because i got to take dom down and this is the only fantasy team i've got this year, and you know -- >> did we notice that kelly is

in a raiders jersey? charles woodson raiders jersey. >> this is the only one we have in the household. woodson. come on. let's talk. >> raiders black. it's the best. >> the husband's from los angeles so we're the raiders. that's how we get to the fandom. >> boris slosburg, thank you very much. go 49ers. that's all i'm saying. >> dom, thank you for being here. "closing bell" starts right now. welcome to "closing bell," i'm scott wapner live from post nine at the new york stock exchange. this make or break hour begins with high anxiety over tomorrow's jobs report and what it could mean to this market. we'll ask our experts over this final stretch. take a look at the scorecard with 60 minutes to go in regulation. pretty tough day throughout. i mean, mostly red, though. there's some buying on the nasdaq as we come on with you right now. that's following a weaker than expected adp employment report, not always a preview of the official jobs print but nonetheless, adding to concerns over the strength of the economy. most sectors