take a check on the markets with stocks at session highs right now and for that, let's go back to bob pisanitrying to snap a three-week losing streak and we're up 3.7% for the week the lowest print was right at the open on tuesday. we were below 3900 at one point and basically it's been a slow climb up ever since then one thing helping lower china inflation data this morning, and that helped all of the european and asian markets on top of that we had some decent tech earnings today. so we had docusign, zscaler came in and that gave a nice lift to the speculative stocks that are out there, and speculative tech stocks and block, zoom video and tw tw twilio and the kathie woods stocks they were all basically straight down for two or three weeks as oil kind of collapsed, but oil's been a little bit stronger the last day or so so halliburton, shaychlumbergera come back. metals are doing very well right now so freeport was way down there and the one point that was $4 and that was 31 or 32 and that's a nice run for freeport for the week and don't kid yourself, if you want to look at the leaderboard

now the dow jones off 237 points let's get right to bob pisani at the new york stock exchange. talk to me about what sparked the sell-off >> well, was there no big macro news and gazprom was saying that the nord stream pipeline was shut down 37 and keeping disruption alive and to keep people guessing what was going on with the natural gas situation. natural gas did rise a little bit and we were just off a 14-year high on that gas that's been moderating in the last couple of weeks and a little blip up in the middle of the day. i want to show you the s&p 500 because contessa has that and essentially, and actually 70 points and we were up 40 now down 30. oil's trying to get some of its mojo back and it didn't move on the headlines and oil is in a bit of a downtrend and it is up $87 and energy stocks are holding up well overall. they've been on the downtrend because there are perceptions that global demand will be lower, but today they've been bouncing back and really haven't moved down that much despite this news in the middle of the day. earlier on were bank stocks and banks were

>> bob pisani looking at stocks, thank you very much. appreciate it. >>> stocks continuing overall to move lower after posting a big loss yesterday, in response, probably, to the fed's latest rate hike. but your next guest sees a window of opportunity for investors in the medium term, saying that another big market plunge is not likely this year joining this year is barry bannister, chief market strategist at stifel you have to calm our nerves a little bit nouriel roubini says maybe a 40% headline is coming you don't think we're going to get a big plush, do you? >> no, no. when you think about what happened, and if you inflation adjust the s&p 500 index, which is what you have to do to look at any long period, if we had a 23.7% decline in the first half, bounced up through august and got jackson hole we're now back in real terms, inflation adjusted, to that june low. 36.66, if you inflation adjust so the request is, do we break down to new lows and for that to happen, the fed doesn't have to just stay where it is, it actually has to get

that's pressuring the energy stocks that is the worst-performing sector today and let's get to bob pisani who is tracking today's sell off. >> we are off of the lows but just barely. i want to show you the s&p 500 and tyler is right, 3666 he's got the number right in his head we did violate that. that's the close we have to go below that to close at a new low the intraday low was 3636. that was on june 17th. we did not drop below 3636 on an intraday basis today it's energy and commodity stocks that are low today look at that, very rarely see a double-digit decline in halliburton on an intraday basis. that's very, very unusual. oil stocks, oil proxies for global growth. the same with the metals and mining company london was a disaster today because a lot of the big metal mining companies, glen core, that trades over in europe and that closed down 6%. you see these, again, proxies for global growth to the downside big cap tech, a lot of new lows today. not apple, but microsoft new low, amd new low, nvidia, that's a new low. it should salesforce too new low right there. we're starting to see

stocks, bonds, commodities, the european energy crisis let's get to bob pisani. we have the dow now at session lows what pay way to go into the weekend. >> yeah, but i say that an awful lot, you and i, don't we, in the middle of the day, new lows. but we'll see. it's not as bad as it possibly could be 3,000 to 3600 is where a lot of people are we're down 4% for the quarter, folks. down 8% for the month. this is the worst month of the s&p since 2008 that was the financial crisis. nike's at a two-year low here, but i'm encouraged by the fact that the retailers have bounced. they had an awful open a lot were at new lows chico's was terrible this month but went positive. these are pretty washed out sectors. a lot of comments about the currency issues in europe, how that might translate have you noticed consumer staples stocks what happened to defensive stocks they've been terrible performers most are down as much as the tech stocks are. once again today, philip morris, mccormick, kimberly-clark, these are new 52-week lows these are supposedly defensive groups not hol

bonds, which suddenly look attractive, after hitting their lowest levels in more than a decade and bob pisanie bonds are really starting to look very attractive you know, for years, the mantra was tina, you know, tina, there is no alternative to stocks. that's not the case anymore. prices for large corporate bond etfs, look at this, lqd, it's at the lowest level since 2010, essentially. many are now starting to take notice of the steadily rising yields of large-cap koermss with, particularly in the two to five-year maturity range yesterday, for example, apple's five-year bonds at a 4.3% yield. and when you get into the high-yield territory, that would be ford and macy these are five-year bonds. i spoke with trade web they're an electronic trading platform they told me they have seen a pickup in retail interest in corporate bonds recently investors are saying, these are yields i haven't seen since before 2008. this might be interesting to put in my investment portfolio and while treasury yields are also up, you can get a 3.9% yield on a five-year treasury note, the corporate yield curve is not

let bring in the panel, bob pisani from the new york stock exchange, rick santelli also joining us, and, rick, let's start with you, and the movers seeing in the bond market and stocks which are reversing early gains. the s&p 500 now trading in negative territory, a 75-basis point rate hike. >> yes, you know i'm watching all the different maturities on the yield curve. one thing i can tell you is right before the fed announcement rates were virtually unchanged. we're now up 13, 14 basis points on the session on a two-year the high yield on a two-year now, 4.11. 4.11, like when we used to call information, and on the ten-year, the high yield thus far on this move, 3.62%. fed fund futures, there's so many contracts i'm looking at the january it dropped like a rock down towards 9566 when its prices go down the fed presence goes up but it's bouncing a little bit and you're seeing yields very volatile, and i described the way they move, but they are easing back just a bit. of course, waiting for q&a ultimately another dynamic was prevalent right before the announcement 30-year and ten-year y

bob pisani as we go to break, let's watch bonds. the dow is down about 475.4.2% ten-year just below 3.8% yesterday, the biggest one-day decline since 2009 we're back after a break i traded my taxicab for a food truck and a dream. i'm larry villalobos, owner of cachapas y mas, bringing venezuelan flavors to new york. people love our yoyos and cachapas. we've become a foodie destination. larry doesn't just create mouthwatering dishes; he creates opportunities. small businesses like larry's open doors for neighborhoods to thrive. support your community. support small business. - yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market inv

let's get to bob pisani. morning, bob. >> industrials, too, finally bouncing they've been terrible recently so, two to one advancing the declining stocks, not bad at all but fomc days have tended to be up in the last few sessions so look at the sectors like carl said energy's having a good time. oil's stabilized a little around $84 or $85 industrials had a terrible couple of weeks. they're looking a little bit better today and consumer staples, carl mentioned on general mills up about 2% they raised their full-year '23 outlook. that's certainly a very good sign overall consumer staples tech's been lagging. cathy wood's arc fund to the downside there's the ita. that's the aerospace and defense etf, one of only about two or three aerospace defense etfs that are out there it's down about 1% for the year, believe it or not, that's pretty good considering you're dealing with the s&p 500 down, depending on what week, 15% to 20% on the year so, defense stocks have done very well and they had that big move up in febr

let's get over to bob pisani for more on the broader markets. bob?hange, but it's defensive in nature if you look at what's moving, people don't get terribly excited about utilities but they've been a stalwart recently consumer staples moving to the upside tech is holding in pretty well energy is in a notable downtrend. metals and mining, which were having a great day yesterday, to the downside today remember those coal stocks yesterday, all moving up no notably? they're among the biggest decliners today. so you don't get any real trend at least in the metals and mining section energy is in a very notable downtrend now. it doesn't matter if you're looking at services like baiger hughes or halliburton or some of the exploits in production companies that are out there or broader companies like them. they're null in a downtrend in the last couple weeks. elsewhere, everybody cares about what's going on in tech land it's pretty ugly nasdaq opened on the upside. we were down seven days in a row before that. intel at a new low, nvidia yesterday at a new low

overall, as sara says, sort of a risk-on day 30 points on the s&p utilities went green let's get to bob pisanib. >> hey, carl, good to see you. 2% gains for the week, 2.8% for the s&p 500. take a look at the sectors all 11 sectors up at the open. china's cpi, by the way, was weaker than expected that helped all the asian stocks here ark is up today. energy is flat, down for the week, but it's up today. banks are doing well consumer staples are sort of underperforming. general mills, campbell soup, the usual names underperforming on a generally up day. take a look for the week, this is what you see when you get choppy markets they call this hammering out a bottom here. it's kind of strange here. ark had a good week. health care has had a good week. yet semiconductors, 3.2%, sort of underperforming some of the growthier parts of the market. energy essentially flat, that's very good news, everybody watches that as a proxy for inflation. where are we for markets for the week i would say tilting on the bullish side right now the dollar index down three days in a row, two-year yield, that's a proxy

we'll give you the details and how to play it we'll get to that, but we begin with the markets bob pisani has the details we saw the moves dow now negative. >> yeah, we lost about 40 points the dow was positive, industrials were doing well. we lost about 300 points, so tech is a little weaker. now it's flat. s&p dropped about 40 points. we were at 4010 or so about 45 minutes ago. the nasdaq was also nicely positive it too went negative the volume is extraordinarily thing right flow you see gas prices moved up. that's been on a real tear of 14-year highs. it's off of that, but you see that small move up it doesn't move energy stocks that much, though, so this has been a very strong day to energy in general they've been on a downtrend. oil and oil stocks have been on a downtrend all this week, but this is one of the stronger dales than we've seen in a long time yields are down, but curiously bank stocks are among the biggest movers today these are all off their highs, still up for the day elsewhere moving in the overall names, they were all positive on the day, nicely, nvidia. amd, apple, m

bob pisani. >> it's one of my favorite books, absolutely. 6%, i think, is right.a piece talking about whether this new garlic steak limited offer is going to impact numbers. but then pulls back and says, stop trying to judge this company on the limited offers and just accept the fact that this is still the premiere i agree with that. this is the premiere quick serve restaurant to go to. and i stand by the idea, as does this analyst, that this is an opportunity to buy a company like this in a difficult environment. >> you've long said it's all about through-put. >> they know how to do it and they know how to manage their finances with brian nichols, a genius, and jack hartung is fantastic. i'm standing by my long-standing thinking, and i just want to buy companies that are good. you like that? >> that's smart. >> buy companies that are good no, no >> jim, have a good weekend. we'll see you tonight. "mad money" 6:00 p.m. eastern time. >> just quoting you. >> dow's gone green. we're back after a break (woman vo) sailing a great river past extraordinary landscapes int

let's get to bob pisani. >> 34% starts to get a little panicky. 35% is really the level where we weren the june 16th low so keep an eye on the vicks there two to one advancing the declining stocks but it has a tentative feel that bank of england announcement moved futures about 50 point up in the preopen but all feels tentative. let me show you the sectors. energy's moving. we've got a slight bounce in oil, bouncing off the lowest level since january. remember that. and i'll tell you what concerns me the stuff that should have a notable bounce, ark is doing okay, there's a risk on. semis aren't, probably because of pressure from apple right now. metals and mining up are fractionally so a little bit of a bounce overall but not terribly enthusiastic, given the fact that we're down six days in a row in the s&p 500 carl was talking about apple just take a look at apple and apple's suppliers. you're going to go a long time before you see apple is the worst performing stock on the s&p 500, and most of the suppliers are also, like, taiwan semi, also on that list of worst-performing on the s&

that's bob pisani at the new york stock exchange. we had this horrible week last year there was some thought we would go ahead a rebound we know it's rosh hashanah, so the volume is probably thinner >> the volume is instead thinner than usual we did try to rally modestly, but the buying power wasn't there. there's the dow jones industrial average which was positive earlier today, but unitedhealth weighed on there goldman sachs, to a lesser extent some of the oil stocks. the s&p 500 was briefly below 3666 that's the only june low we have bounced a little bit from there, but the nasdaq was positive until just about noon eastern time now, what is we started move up rather aggressively take a look at big-cap tech. all of them were in positive territory. microsoft was positive briefly, and so was apple, but cisco is still fractionally positive, but some of the other ones like nvidia are on the negative side. transports, even before we moved up in the middle of the day, we saw new lows. i would point out among the lows are reits. they comp

the market, stocks, bonds and commodities and the plunge in natural gas prices let's begin with bob pisani at the new york stock exchange where stocks remain under pressure. >> we were doing fine until about noon and that's when the ten-year yield, all the treasury yields started moving to the upside 20 basis points today in the ten-year that's enough to really hurt stocks here. two sectors are hitting new lows here expansion of new lows like we saw on friday. financials and technology, citigroup had a new low, regional -- super regionals like u.s. bank corp and credit cards, mastercard, visa visa is about to crack 180 visa was 206 about two weeks ago. we're talking 12 or 13% down in visa in just the last 12, 13 days the other big group is big cap tech hitting new lows. intel is almost every day. advance micro, service now, meta, adobe, oracle. the list is getting longer here, similar to what happened on friday one group that's been sitting in the new low list for weeks now is the transports on the fedex news a couple of weeks ago u.p.s., southwest, norfolk southern, csx at 52-week lows. a

begin with bob pisani at the new york stock exchange where stocks are rebounding off the 2020 lows hiu know, contessa, this is a strong rally, holding at the highs. no attempt to sell-off 10 to 1 advancing the declining stocks haven't seen that a while. the s&p is about to break a six-day losing streak. so that's a good sign. oil is back above $80 and this is a proxy for growth, if you remember, so having a nice bounce in what i call high beta energy names, hess, philip 66, refiners bouncing, apa, high beta names, move more thanthe energy market. the stocks up. elsewhere when you getlower yields that means the potential for lower mortgage rates and it's nice to see a bounce in home builders which have been collapsing nice moves about 5% moves are significant, he nar, horton and pulte group. i say it looks pretty strong and yet i follow baskets of most oversold stocks and the amount is modest here intel collapsed a new low in the last two weeks, that's all you can muster, 0.3% coca-cola was down 7 days in a row, the biggest losing streak since 2018, that's all 0.8%. mcdonald's eh visa

bob pisani quick reminder as we go to break, you can always get in on the cnbc investing club with cramersign up, find out more at cnbc.com/jointheclub or, of course, we provide the qr code on your screen it takes you right there as we go to break, it's going to be hard to take your eyes off yields today two-year, 4.11% and the t ten-year, 3.65%. dow is down 125. don't go away. (vo) with their verizon private 5g network, associated british ports can now precisely orchestrate nearly 600,000 vehicles passing through their uk port every year. don't just connect your business. (dock worker) right on time. (vo) make it even smarter. we call this enterprise intelligence. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from so

but not dramatically carl, back to you. >> bob, thank you for that, bob pisani dow shaving its losses we go to break watch bonds today. two-year got to 396. ten-year gets almost to 352. both of those, of course, multi-year highs german boonz, by the way, on a ten hch year basis, break above the june high. even got oil off the lows to 83.50. back in a moment what if you were a major transit system with billions of passengers taking millions of trips every year? you aren't about to let any cyberattacks slow you down. so you partner with ibm to build a security architecture to keep your data, network, and applications protected. now you can tackle threats so they don't bring you to a grinding halt. and everyone's going places, including you. let's create cybersecurity that keeps your business on track. ibm. let's create >>> take a look at some of the biggest laggards on ndx. moderna hasn't traded too bad this month but we're getting to the lower part for the month of september. w wncontinues to shave losses. nodo only 50 points. back in a moment ♪♪ ♪♪ ♪♪ be ready for any market with a li

stock, bond, commodities and a bank ceo will tell us what he's seeing from his perch on main street bob pisaniocks continue to slide following yesterday's rate decision bob. >> tyler, the s&p is underperforming the dow because tech stocks heavy-weighting in the dow are down 1.3%, bank stocks down 1.5%, the s&p 500, i bring it up because we're less than 90 points away from the june 16th low, remember that number, 3666 that's the benchmark everybody is usingy we break through that or not what we are definitely doing is seeing a dramatic expansion of new low, more than 600 on the nyse almost 30% of the nyse maybe 700 or so on the nasdaq. pretty significant considering big names here, look at this alphabet, meta, microsoft, intel. all them had 52-week lows and on the dow we see big dow name, nontech, 3m, nike ahead of its earnings next week, visa, 3m 52-week lows even the transports, obviously nike, excuse me, obviously fedex has been a new low for awhile bouncing today budgetblue, southwest air, matteson and some logistic companies so keep an eye on all that. this is what people are concerned wit

stocks, that will be bonds, commodities, and airline competition put to the test let's begin with bob pisani magically appears in the screen over my shoulder hi, bob. >> isn't that amazing? higher in the morning, lower in the afternoon. we saw this yesterday. yields up, dollar up only sector that's really up is energy you remember these comments about the leaks in the nord stream 1 and 2 pipelines in europe a little disconcerting there's talk it could be sabotage we really don't know what's going on but remember it's highlighting that energy insecurity over in europe you see these energy stocks moving up. phillips 66. some of the refiners are also moving up on this news we're watching that hurricane in -- that is forming just outside of florida and believe it or not, there's exchange traded funds for that look at that fema, the procured disaster recovery etf actually exists it's a basket of stocks that might benefit from disaster relief programs. what would be in this basket well, obviously, like a home depot, for example a lowe's are in it cummings is in it. floor and decor companies. compa

markets, stocks, bonds, commodities and what would happen next with oil, and let's first start with bob pisaniw york stock exchange. the dow has turned positive, hallelujah. >> we are not far from the s&p 500 either, contessa, and you can thank basically consumer names that have moved up so let me show you some that are in positive territory. home depot has had a nice run. i can't see the number here, but we moved up $2 or $3 on home depot and we were 289. that was a nice move up. mcdonald's moved up into positive territory and johnson & johnson and consumer names that helped us out in the dow nvidia is impacting and that's the biggest decliner in the dow about the restrictions on the china ai chip from the u.s. government there that's bringing that stock down to new low land and amd. micron has gone on positive and that's negative most of the day. a lot of people have been trying to go short the semis and go long software and that's been a big play here and that's not working today and the earnings there coming zscaler and crowd strike so that trade is not going very well and there's a lot of

and the case here for small caps let's bibegin with bob pisani >> contessa, we're just off the lows but it doesn't matter, we're down 100 points. just look at the two days here, we've given up all the gains that we had yesterday. more importantly, we're essentially at two year lows on the s&p 500. got about 750 stocks at new lows here at the new york stock exchange that is about maybe not quite a third of the nyse, but it is getting there. important thing is, we had some not very good earnings commentary this morning from car max. all the autos are down right now. higher rates they are talking about, higher prices so that means affordable problems. gm and ford down, all the parts markers at a new low for once big cap tech eks speculative tech, doesn't matter, large, small, everything is down 3%, 5%, even 6%. amd down 7%, that is a new low nvidia, 120, a new low waiting for micron earnings to come on. apple just 176 a few weeks ago, is so already seeing a significant decline in apple on top of everything else and i've been talking about new lows, a lot of them down there, but mortgage ra

we'll give you the details and how to play it we'll get to that, but we begin with the markets bob pisani details

let's begin with bob pisani at the new york stock exchange. not moving a lot i was saying, you're there, if i'm wrong, say sully, i love you, i know you do, but you're wrong. is anybody going to take a massive position ahead of the federal reserve in the next couple of days. >> no, but we have decent volume the low print was at the open. everybody who wanted to sell sold right at the open, and we lifted after the open. 3869, we're basically flat on the day. we hit the lowest level since friday right at the open, so we held the recent low levels people watching technical, we're at the lowest level since mid july at this point i think it's important that we held in terms of movers, it's a hodgepodge of different groups the key one to watch is fedex here, the two-year low, transports at an 18-month low, that's bouncing, only modestly, and some of the other transports are bouncing the airlines are doing better. some of the materials, free port is having a good day, mosaic, and we mentioned earlier, an upgrade at keybanc seema was mentioning pharma

cliff we'll check back in with him as he is managing the changes we begin with today's markets and bob pisani at the new york stock exchange what i've seen from your notes is we're kind of in the middle of a nearly historic losing streak for the nasdaq. >> it's a tough situation. hoped we had more energy coming back, more interest. it's just not there. let's take a look at the major indexes. the s&p 500, six of seven sessions time-out downside nasdaq lower for the seventh session. down about 9%. you have to go back to november 2016 to get a bigger losing streak that would be nine days, nothing 2016 so we're in a serious downturn on tech stocks there has been moments of leadership today, but it's been very defensive take a look at some of the stocks on the upside mostly utilities like next energy and reits and some pharma stocks doing well. lilly and abbvie another group that's doing well, metals, mining stocks. peabody, arch. a lot of talk about europe's approaching winter over the weekend getting traction there big cap tech down 1 to 2%. we're off of the lows, but again, these are all in dow

what happens to some of the more niche areas things that we're ready to see outflows, like esg bob pisani is with the ceo of activist investing firm engine number one in a very rare interview live out in huntington beach, california. bob, take it away. >> reporter: and brian, i am here at huntington beach, california, here for this futureproof conference an all outdoor conference that's making an attempt to attract a younger crowd to an outdoor conference joining me is jennifer granholm, the ceo of engine number one last year, they wanted or exploited a successful etf seeking to promote companies the market is down today on concerns of an economic slowdown if we enter a recession, is it going to affect the willingness of firms to engage with you on socially responsible investing are they going to say, we can't afford to do this now! we're in a recession >> we built into number one as a performance-oriented investment firm we think a lot of people are looking too short-term and a lot of the portfolio is very long-term. so we may well be in a recession and if you think about inflation, we s

i want to bring in bob pisani. last couple of hikes, three quarters of a percentage point each. a lot. the biggest jumps we've seen in something like 30 years. talk about the expectations for the fed tomorrow and what you're hearing as you're there on wall street. >> you're right. it is an awful lot. the problem is inflation is as high as it's been in 40 years. that's why the fed's doing extraordinary things. probably we're going to raise rates another three quarters of a point. short-term interest rate the federal reserve uses as a gauge will probably go to 3%. there are signs inflation is peaking. here's the bad news. peaking is not good enough. it's got to come down. that's what the fed wants and there's no signs it is really coming down so the fed is doing the only thing they can do. they only have one instrument. keep raising interest rates. the problem is this. this is a blunt instrument. it takes months and months to see the effects of highest interest rates and in the past when the fed has done this aggressively, they usually induce a recession. they don't want that to h

let's get to bob pisani this morning. hey, bob >> good morning, guys.&p is positive and the dow is negative now, the good news is tech's really helping, so salesforce, for example, microsoft, apple, they're really helping the dow out, what's really weighing the dow is united healthcare, down about $8 and that by itself is almost enough to put the dow in the negative territory, so that's why the dow is not in positive territory right now so, take a look at the sectors right now. ark on days when the market tries to bounce, you usually see ark, that's a very good indication, when ark opens up 2%, now 3%, that's a sign the market's trying to bounce. banks, a little stronger tech, microsoft, apple, salesforce helping the dow energy down fractionally and male metals and mining, more stable today. that has been a disaster, energy and metals for the last couple weeks. we know how dramatically oversold things are. every indicator over the weekend, when people were evaluating, was a mess momentum, rsi, relative strength indicators,52-week lows, almost a thousand

. >> yeah, that's what people are thinking about come tomorrow we'll see, bob pisani. let's get to jim and stop trading this morning. >> if we were in a specialized area, retail for people who are not -- of little means, there's no stopping your stock five below had a quarter that i thought was subpar there it is. five below, dollar general, dollar tree, the market is fixated on that. that's where we're all going to go it should be fixed on sam's and costco, which is doing incredibly well. dollar tree, dollar general -- >> costco comps up ten, news about the sam's club membership fee yesterday. >> that was very positive. i search for positives among a sea of negatives, but it is true i field wounded with nvidia. you should never love a stock. never name your dog after a stock. >> speaking of consumer, and focusing on the low end, what is the signet message whether you talk to them >> i think the signet message is basically she's doing fine people seems to remember when the company was a sort of -- they're going to have a great holiday season, and the stock is inexpensi

. >> thank you very much, bob pisani. >>> as we go to break, let's check out the bond report and seeies are faring. two-year continues to flirt with 4. overall, dow is down a percent all s&p sectors are red. vix near 27. only 20 or so names on the s&p are in the green at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. what's it going to take for the world to reach net-zero emissions? it's going to take investing in some things you've heard of and some you'd never expect. it's going to take funding innovation in renewable energy, helping reduce carbon footprints, and big bets on environmentally conscious construction. citi has committed 1 trillion dollars in sustainable financing to help build a better future. because to reach net zero, it's going to take everything. ♪ ♪ power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with

. >>> let's bring in bob pisani for his reaction. >> not a surprise with powell. he reiterated that history strongly cautions against premature loosening of monetary policy take a look at the market here what happened is the growthier parts of the market were weaker at the open. you sea semiconductor, cathyie wood's ark fund surprisingly bent positive. energy went positive, as oil moved up a bit and was a pretty weak day yesterday overall, but we've seen several business movers near 52-week lows, including some dow components. verizon at a new low, dow inc. a new low, mccormick interesting comments about cutting sales profit outlook that goes to the whole issues of margins. as for the markets, where we are now here, the debate it peak inflation, peak inflation likely, but certainly we heard powell we're not at peak hawkishness, reiterating that history strongly cautions against premature loosening of monetary policy. the retail investors are not there, either. bearishness is extraordinarily high among retail investors the aaii weekly survey, look at this bearish l

. >> thank you >>> dow's now looking at the lowest levels since november 2020 let's get to bob pisanig is 3666. that was the old june 16th low and we're maybe 30 points away from that. dow's, already, of course broken below that i think energy is really significant. brent -- excuse me, west texas crude, 78.87 it's been dropping all morning here we have to go back to january, even before that, to get lows like that. you see the energy sector getting clobbered. metals and mining are also weak. these are proxies for global growth in general. you see health care, consumer staples holding up tech down 1.3% that's about 1% -- that's about 1% from a new low there. transports have already broken through the new lows speaking of new lows, i want to show you how we opened on the market today a 10 to 1 declining advancing stocks that's very unusual. you put together a couple of those 10 to 1 declining advancing days often signals some short-term bottom 565 new lows i saw at the open that's about 25% of the new york stock exchange listed. that's a pretty high number. a similar number for nasdaq a

. >> thank you >> i want to mention that on today's cnbc pro, bob pisani has an interview with mr.place on cnbc pro. >> what doesn't kill you makes you stronger >> maybe >> are you talking about the pce? >> no. all three averages are in agreement. >> yeah. yeah >> after the pce it's been a wild ride just like every day. you were talking negative territory and you do have the extreme pressure from nike shares which was a dow component and it's a strong fight to even out what nike has done >> you just saw it right there down, down, down >> it's early and we've got until 4:00, but, you know. >> we still have 45 minutes to go until the opening bell and it is friday and the last september month of the quarter, so look out. anything can happen. when we come back, we have jim cramer's first take on the brand-new inflation data and first, throughout hispanic heritage month and we are celebrating the cnbc teammates and contributors and here's cnbc contributor, maria bowden. >> being a hispanic immigrant has shaped nearly everything i've done to get to where i am now. my parents boarded a pl