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

jeff mills, you saw the charts and the first one, i did not fully understand. but what did you make for what he had to say? >> i tend to agree. i think you articulating what we were talking about that these are not the rallies in the downtrend and you mentioned with it being high data and i think that's what you don't want in the market especially after the rally. you could look at a lot of the other risky parts of the market and i'm not putting semis in the bucket but i think you have pricing tied in growth as we see the 10 year fall to where it is today. going forward you will see a divergence between really quality stops versus stuff that is more speculative with earnings further out and semis may get caught up in the downward trajectory. >> a lot of negatives to open the show. i think guy would call it a block nasty. >>> the gaming companies speaking and posted a revenue missed along with $.76 per share with the stocks are down but not a whole lot. more on the numbers. >> the stock was down way worse and here's what's going on now. first of all, the loss of

. >> hey, peter, jeff mills here. based on the environment that we are describing, how would you tell our viewers to be positioning right now? are you looking to play the momentum of what we have seen lately? is it more on the value side? where do you think the opportunity is? >> it is more on the value side. i am still pretty bullish on commodities, generally. acknowledging the pullback, but still very bullish on the supply side challenges. i think that is still going to outperform growth. the valuations in gross stuff, even with these declines, are still expensive where there is a lot of forgotten value from lower expectations already embedded in them. >> peter, great to hear from you, thanks. dan? >> i love peter's work and i have followed it for a very long time. if we are done going down -- let's say we have another 3600, 3700 or whatever, and everything olds, right? the same stuff that held us in the last leg of the bull market is what is going to lead. i want to perceive value. i think it is the stuff that is d

. >> nancy, it's jeff mills. just two questions. was asking this yesterday of our research team yesterday and pondering, how much does it matter at that point if we are recession bound already? has what the fed already done -- is the writing on the wall? and does that, then, seal the market fate here? and in the same breath, where you want to go in the market in that environment? >> the rates market is definitely pricing in this recession. slow growth, you can see that with a massively inverted yield curve. the level of five your break evens is just barely above the 2% target. so even though the fed might have retired that dirty were transitory, the rates market has not. it's tracing the dictionary flowing inflationary growth. actually, low growth, even recession prices checked in. but the markets are still -- even though we've had a little bit of a pullback right now, they are still doing pretty well. so i think the question is, which market is going to be right? because we really have two different stories whether you are looking

can they show strong trading volumes despite the drop kay rooney has the story jeff mill has our tradenbc contributor welcome to both of you what are you watching? >> it's interesting, coinbase has a lot of their data sort of out there. it's kind of a foregone conclusion when it comes to the second quarter because you can look at trading data and analysts say they already know what trading volume looked like a couple estimates out there saying that it's likely down 30%, but the expectation is that trading slowed down with some of the crypto prices coming down as well coinbase warned about this and told investors to expect a slower second quarter. trading volume down, account growth likely taking a hit as crypto prices come down and that all affects transaction beat revenue which is the bulk of coinbase's bottom line that is the bad news and what people are expecting the thing that investors don't know and they will be looking for within that print is something called the mix that's the makeup of the retail versus the institutional side of the business retail tends to bring higher fees

jeff mills, you were largely bearish on the panels last night and here we are, celebrating this winning streak and huge run into the close. >> i am definitely a battered bear at the moment but i'm not ready to change my tune just yet, and i will tell you why. obviously, we are talking about this 50% retracement level. there is that in the downward sloping 200 moving day average .there is plenty of resistance right above us so i think the next days are going to be really telling. you can point to some important names for the market as well approaching that downward slope on the 200 moving average. it is still concerning that it is the speculative stuff that is leading the way. when did the tenure top? it was on june 14th. when did arc bottom? it was on june 14th along with everything else. i don't think it is a coincidence. i think we are in this relief rally driven by rates and i think that is what has me cautious right now. if you look at the tenure, it is higher that right now than it was. i think i was looking at coin today. looking at the last four days down 10%, up 7%, down 10%, up

enterprise segment where it's seen trip revenue growth kristina partsinevelos has the story and jeff millstor. kristina, you first. >> amd did update their numbers, but the consumer client business, we saw weakness with several other chip makers, too the second point, like you mentioned, enterprise. data centers across the board will -- with intel you saw drop 16% year over year they said it had to do with equipment manufacturers, higher inventory levels, mentioned lower pricing. the third point was competition, and who is intel's biggest comp competitor amd, and then the third point is just gp units, graphic processing units that are used in gaming. yes, prices have gone down, so from a gamer's perspective, that's good news, maybe not good news for margins, but on the enterprise level, you buy it as a mixed package, so it may have less of an impact. wall street is relatively bullish on this company, no doubt. >> kristina, makes sense jeff, how high are the expectations for amd, particularly when it comes to the guide, as we're heading closer to q4. >> listen, the as toic has moved 30%. yo

. >> what did ryan kelly text you, dan, about jeff mills's office? texted me saying is mills that staples picking out office furniture. >> i have an artist to get you some paintings. i got somebody. i can help you with the decor just a little. >> send it my way. >> were making fun of you, jeff, because we love you. for more options actions turn into the full show tomorrow. coming up, on pace for the worst year since 2008. >>> football season right around the corner so we are rolling the dice on gambling stocks. how to play those games when fast and he returns. >> options action is sponsored by thinkorswim by td ameritrade. finding the perfect developer isn't easy. but, at upwork, we found her. she's in prague, between the perfect cup of coffee and her museum of personal computers. and you can find her, and millions of other talented pros, right now on upwork.com only at vanguard you're more than just an investor you're an owner. that means that your priorities are ours too. our interactive tools and advice can help you build a future for the ones you

diana olick joins me and jeff mills, cio of writtenmar trust, has the trades today. >> diana >> while stock may not have been doing so well, toll was fairing better in earnings than its peers because it's at the luxury price point and buyers weren't as dependent on mortgage rates an the rate moves we've seen that may be about to change because we've seen in the home sales categories at top price tiers are actually falling just as the lower price tiers were. we got new home sales out report this morning showing a steep drop in july especially we'll be looking at toll brothers for their inventory numbers. inventories up near an 11 month supply, four to six month supply is healthy we're looking at prices for toll brothers the high price point, over $800,000 will it fall a little bit? we did see some price movement a little bit, but overall home builders up only 8% year over year in july where prices had been up over 20% in provide months year over year. we're going to be watching cancellation rates on toll brothers because that is the big picture for the builders we've seen cancellation