let's find out from courtney garcia senior adviser with payne capital management always good to have you with us. >> president mester says inflation is not tamed do you agree or have we seen the worst of it at the very least? >> i think we're continuing to see signs that inflation likely has peaked just most recently we did get the pce numbers out and it is showing that inflation is starting to come down if you look at the total number or the core pce and we're seeing the figures come down as the cpe over the previous months the question is is it coming down enough that the fed will reduce interest rates and that's what the markets are so focused on right now we had a nice month where the fed was fantastic and now that's coming back into focus again and the every little data point when we get the jobs report out is what the markets will be looking for and every detail indicating what they'll be doing later this month and the rest of the year and we'll see choppy trading between now and then >> i asked a guest yesterday, and i'd like to ask you, if i might, immediately it would seem t

this is fast money and always live from the nasdaq market site we've got courtney garcia, welcome. steve grasso guy adami. >> we start with the latest warning from big tech. dropping more than 6% and cutting more than 30 billion of the market cap after slashing sales, expectations and everything else. the chip giant stated it's gained a division down by more than 40%. the ripple effects were felt through the future and universal display, a indy falling in sympathy down 2% and some down more while the broader market tried to shake it off and the nasdaq and s&p ended three day win streaks and the nasdaq a racino 200 point gain. let's talk more about this because it's an important company and the chip leader and i wonder if anybody expected it to grow because given there was a lockdown and everybody bought their kids and teenagers computers and i wonder if it's the canary in the chip mine or a unique situation. >> welcome. i won't get into the anchorman with the san diego stands. i will say this, the good news if there's good news is the data center, they don't seem to be concerned ab

tim seymour, courtney garcia, and guy adami. we start out with clouds hanging over the markets. tensions between beijing and taiwan escalating again, news of that seem to send markets in the u.s. sharply lower. then, there are the looming energy crisis in europe. the region has turned to an unlikely lifeline, china. and of course, the fed. expectations for continued rate hikes sending markets down for a third straight day. the s&p has retraced more than half its gains since the june low. it is down nearly 8% from its august highs. take a look at some of the big tech stocks that have had big losses. apple down 10% from its august peak. microsoft dropping 11%. amazon, more than 12%. as we head into september, that is, historically, the worst month for stocks. does this give you pause for even more concern? >> we were warned, folks, about potential metaphors and analogies. anyways, be careful. as much as i am concerned about china and taiwan, that is not what the markets were worried about today. the markets were worried about a combination of the message from friday. how about thi

>>> our next guest says don't bet against the consumer and she has additional ways to play it courtney garciaa cnbc contributor. >> do you want to pick sides on the walmart versus target debate >> i like the walmart conversation here specifically the point that was brought up first, the idea that they have a lot less discretionary product so target takes up, i think, it's 60% to 70% of their goods are non-discretionary, and those are goods and electronics and the bigger picture is we want to see how walmart and target are reporting and what that will mean to the consumer there was a lot of concern on the initial report that came out and i would argue that a lot of that was from the consumer going from goods to services i don't think it means a lot for the consumer overall and tldz be interesting to see what they're seeing for the consumer overall. >> the drop is underappreciated in terms of the relief that's probably had on the con cymer. i have to imagine, we've seen prices drop by over a dollar a gallon straight down over the past two months and that is a huge gift for these companies, isn'

let's ask courtney garcia, senior wealth advisor and cnbc contributor right here with me at

courtney garcia is here. we start off with a big comeback for walmart, shares jumped nearly 5 1/2% today the biggest gain since september of 2020. the move coming after the stock post better-than-expected earnings and maintain guidance for the back half of the year. the stock has now climbed almost 19% above the may low. it is just 5% away from recouping all of the losses since the hugely disappointing earnings report three months ago. so the report proved that the worst is behind us. what is walmart worth? has it gone to a point now given where the economy is in the consumer, where it might be expensive? >> well, i think is it environment where despite the inventory issues and the challenges they patted that they have announced and that we hear about in more detail with our next guest, are things that are not unique to walmart, and they are the most sophisticated real tailor in the world. will you pay for walmart 18 or 19 times above market premium? i think you do. one of the things that they point out, whic

ken, courtney garcia and jeff mills. we will get to those moves in paypal and amd in a moment. we start with a latest developments, from house speaker nancy pelosi's highly controversial visit to taiwan. we are seeing the first response in china with one battery maker putting plans for multibillion-dollar north american plans on pause. let's get to philip for the details here. fill. >> melissa, the battery maker is see atl. the largest battery cell supplier in the world and there's a report this afternoon out of china that the company which is in the process of looking at possible location for a $5 billion ev battery cell plant either in the u.s. or in mexico. that they are putting that announcement on hold. at least that's the report from reuters out of china. keep in mind the importance here is that that plant would supply tesla and ford here in the u.s. if you take a look at shares of ford, keep in mind the see atl battery plant, once it's online, would supply lithium, phosphate batteries to ford. those of the lower cost batteries starting next year for the marquee as well a