brian nagle of oppenheimer with best buy down. a wild day for the market. been trading in a 600-point range. we're way down from the highs, lower by 200 points. l t you set up for the close after this >>> we've had a lot to digest the last couple of days. >> certainly have. if you thought it was all about interest rates and the fed, today was a wake-up call certainly the fed was pointing to trade tensions as one of the reasons it did what it did yesterday. i suppose if there's a silver lining there, the trade tensions are still there, it might mean more rate cuts are on the way. >> by the way, the jobs report tomorrow morning thanks for watching. >> "closing bell" right now. >>> good afternoon welcome to "the closing bell." stocks plunging interday this brings consumer stocks into the bargain. nike down, near the bottom of the dow, seeing a 600-point swing. >> welcome, everyone, to the final hour of trade. what is driving the action stocks plunging after president trump set a new 10% tariff will be placed on the remaining $300 billion worth of goods that co

joining us is brian nagle, senior analyst at oppenheimer and company.imes when we talk tariffs, it's about the future anything in this report about tariffs? >> what i thought was really interesting was i looked closely at the report. if i'm reading this correctly, they're not saying that tariffs are having an impact on their business what they're saying is they're worried that tariffs could have an impact on the consumers. >> although i think that's accurate, but aren't the lower lumber prices the result of old tariffs coming off >> i don't really -- i don't really know. we've been talking about lumber prices being a problem for home depot and lowe's for a while i don't know how tariff related that is. >> why are lumber prices still up i thought it was because we were fighting with canada. >> i really thought it was just more of a demand type issue, but i don't know the issue with lumber prices, and i think this is interesting in this report, too. the one thing i want to say is there's going to be a lot of talk about home depot cutting its guidance the