and finally, josh brown. >> ieo, buying energy dips >> all right you and many others.i'll see you in a few hours if "overtime. see what the markets, if they can hang on to positive territory following the fed chair. we'll discuss it then. "the exchange" begins now. >>> yes, it does, scott. thank you and welcome to "the exchange." i am brian sullivan in for kelly once again here is what's coming up fed chair jay powell promising to fight inflation until the job is done. meantime treasury secretary janet yellen is in michigan promoting the economic agenda. so are monetary and fiscal policies pulling in two very different directions electric cars, yellen is at a ford facility. today gm is pushing its lower priced electric equinox. with the electricity grid in shambles is the country ready r

rob, josh brown with me jenny harrington and jim lebenthal let's take a look at the friday trade. we're green across the board 350 for the dow, we're above 32,000 s&p is above 4000, that's 1.25% and yields hold at 3.23. 50, maybe more likely in september than 75 and thus as i said at the top those soft landing hopes alive. this has to be pleasing to you and your point of view. >> it is i'm going to take the bait i think it is a goldilocks report but a week ago we were here and listening to jay powell's reports we were dissecting it and i need to see the totality of data before making anything for september. i think we need to do 50 in september, 25 in november, 25 in december this report helps that thesis. for me the most important thing is the cpi report coming out september 13th we do know the fed concentrates on the pce, but the september cpi is the first -- excuse me, the august cpi is the first of the inflation reports that we will get i think that's the one that will move the needle even more than this report. just to be more specific, i'm happy we got jobs growth i think we

josh brown, what do you have for us >> shy is the one to three year treasury bond.ing for six months your choices are not limited to cash or stocks. this is short-term bonds now yielding north of 3% if you are unsure whether the retest of the june lows will be successful this is the type of place you can easily hide out in with a portion of your money until, in fact, we have a little bit more confirmation if that will hold. >> back to you, weiss. >> psq for the reasons i mentioned. >> good stuff. good to see everybody. i'll see you all in a few. "the exchange" is now. >>> thank you, scott, and welcome to "the exchange." i'm deirdre bosa in for kelly evans. stocks are down for the fifth straight day, the nasdaq down. now the worries are piling up. china and covid shutdown, new chips hit -- chips stocks hit by new government restriction we haven't even mentioned jobs yet. the employment report is out tomorrow as you probably know. so will the labor market continue to be strong and what does that mean for the market? plus, we have chips, cyber security and

i mentioned we have a lot to get to on our program today particularly at the top because josh brown, who some of you may recall over the last few days, was looking for a big rally into and out of the fed meeting it remains to be seen whether we get it, but at least in the near-term it's -- you know, it's not looking great. and josh owned it yesterday in overtime when he came on with me however, today he's buying netflix. that's number one -- number one. let's do that first, okay? why netflix now? why here and now for this name you used to own, that you sold in the early part of august? >> well, i'm buying more than netflix. so the idea is a bar bell approach when you've done that the whole time the market's in a down trend now all of a sudden people are waking up to the risk and getting more bearish, now is when you can say, okay, that's what's going to happen where are the opportunities? in the bar bell you're looking for two things on the one end what has already absolutely been killed and on the other end is what's holding up really well like what refuses to go down netflix is in

its seventh consecutive loss the investment committee joining me this hour, kari firestone and josh brown what the markets are doing at 12:00 noon in the east we've had another reversal we're positive for the majors. the ten-year note yield, one to watch today. we're at 334 steph, i feel like this whole this is a great debate soft landing hopes verses overly aggressive fed it seems to me like playing simple that's it. >> yeah. it is kind of plain and simple >> you got to decide which one you're betting onto figure out where you believe the market is going, right >> you're right. look, we're definitely slowing in the states. we're slow around the world. i thought the data over this weekend was pretty negative. gas problem, the news, they're shooting off gas supplies to europe indefinitely. china cuts their lending rate by 200 basis points and they're seeing more closures because of covid. and the fed got the green light on friday from the nonfarm payroll numbers because wages are still high >> ism was -- more green light. >> yes >> therein lies the problem. >> therein lies the problem. and

josh brown, jason snipe, heaarrington is wi me on site and steve liesman we're going to get to the marketsr to shepard smith for th

josh brown the owner of nvidia on the show today. need a mover here?t moves this needle >> i've never traded invid you always been an investor, and i remain an investor and the new gaming chip is great, but this stock has been locked in a pretty substantial down trend, and there's nothing telling me -- this is stock trading back to where it was in september 2020, so all of the benefit of stay at home, of more gaming, of crypto, all of things that were fueling invid you share price including the bubble in growth stocks is gone so you're like basically reset but what hasn't gone is the fact this company's fundamentals have only gotten better so it's a cheaper stock than it was the last time it was at these levels two years ago, exactly two years ago. and so i think if you're a long-term investor, yeah, it would have been great if you killed some off at the top, and a lot of people did. i sold a little bit. if you're looking at this as like a short-term trade, we're not there yet. >> aren't there so many other semiconductor stocks so much cheaper? >> they

100 we've highlighted it has been a monster of late, shan, and a real turning point some say like josh brownom our delivering alpha conference the other day in over time, noting the big move the stock has had off the bottom >> so as you know, scott, i've owned the stock for a long time, and we actually grew it to a full position this quarter the fact is netflix decided to grow up and mature its business model at the right time, and it's really from a sustainability perspective shifted its approach and focus to being able to grow revenue on their base rather than just focus i think with a lot of the others because they're earlier in their life cycle on theinable of subs. so from my perspective this is an opportunity to see this company in a different light i continue to think there's going to be winners and losers but i also think there's going to be interelastticity in terms of demand we're seeing right now. this is not a place where consumers right now are looking to cut back spendingch for me this pivot came at the right time for them. investor interest is going to be focused on the right

. >> okay, josh brown? >> warren buffett is still sitting on $106 billion in cash.arning a whole bunch of money but if there is a situation that develops in the market, he will pounce he's been buying all year. i like this play defensively and offensively. >> michael farr? >> i'm buying it for the long-term and i'm just adding the positions in johnson and johnson, safe place to be, aaa balance sheet, 16 times earnings, 2.7% dividend. i'm way overwaited in health care the benchmark with cbs, abbott, bdx, stryker, med tronick. i like this area to ride out this storm >> farmer jim. deere, really? >> so cliche >> i actually didn't think of the connection, but you're always on top of things. >> really? you didn't >> here's why i picked it. >> that's all i thought. >> i'm aware that it's a treacherous market out there when do these final trades, i want to pick something that has a good cushion to the downside with the fundamentals for agriculture, i feel like this is a very safe place to be. >> the best in the space right now? >> among the best. i like it. it's my final p

full-year revenue guidance for this year, looking for 17th% growth we think it's worth a look >> josh brown the overall market took out the july -- the june and july lows this last downturn, but oil and gas stocks did not and the buyers came in exactly where they should have so ieo is my final trade >> okay, we haven't even talked nike, weiss, today what are your expectations we have 20 seconds left in the program. >> retail environment is soft, and so i think that there's a chance to say, hey, you know what, we're going on sale, a lot of items and get back to where they should be in inventory. >> you've got china, obviously, a big part of that story we'll get some more information on, too. i'll see everybody a few hours in overtime. the exchange begins right now. >>> stocks are tanking once again as the s&p 500 gets set to do something that it has not done since the financial crisis. welcome to "the exchange," everybody. markets are down big as global risks and runaway inflations spook investors. what is the real contagion risk right now? jobless claims falling to the lowest level in five

josh brown owns it we're going to talk about it and discuss how the mmitcouny is viewing the drop we'reack after this on the half (vo) hi. we're visible. a different kind of wireless company... ...running on a big impressive wireless network. how are we different? we exist only on your phone. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visible dot com. 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 ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? (woman vo) sailing a great river past extraordinary landscapes into the heart of iconic cities is a journey for the curious traveler, one that many have yet to discover. expl

you're the adviser because if your timeline is 5 to 10 years out, as josh brown has pointed out many times, the s&p 500 almost always doubles off of a recession low within five years. so maybe if you're thinking long-term, it's scary, but you want to buy low. >> and i'm with you. i agree with that. i think that's a great conversation to have we have those conversations with our clients, too if you have the ability to look out to some horizon that's three to five years out, you've got to be liking this opportunity no one's going to hit the bottom if they tell you that they can pick the bottom, they're just lying to you they have to be realistic and know that the game that you're playing is seven out of every ten years, you're going to make money. but in three of those years, out of the ten, you're going to lose money. and it's going to be painful and you've got to protect yourself and the worst thing you can do is sell out of all your stocks and try to hide under the mattress especially with raging inflation. >> yep disney, crowd strike, verizon. those are the three picks you brought

its seventh consecutive loss the investment committee joining me this hour, kari firestone and josh brownin the east we've had another reversal we're positive for the majors. the ten-year note yield, one to watch today. we're at

and finally, josh brown. >> ieo, buying energy dips >> all right you and many others. all right, that does it for us i'll see you in a few hours if "overtime. see what the markets, if they can hang on to positive territory following the fed chair. we'll discuss it then. "the exchange" begins now. >>> yes, it does, scott. thank you and welcome to "the exchange." i am brian sullivan in for kelly once again here is what's coming up fed chair jay powell promising to fight inflation until the job is done. meantime treasury secretary janet yellen is in michigan promoting the economic agenda. so are monetary and fiscal policies pulling in two very different directions electric cars, yellen is at a ford facility. today gm is pushing its lower priced electric equinox. with the electricity grid in shambles is the country ready for an electric revolution and the big earnings reports on deck that is all ahead. but we begin this hour and a much more somber note. a story that the entire world is watching, the health of queen elizabeth and what may be her final days shepard smith is

we've got overtime a few hours from now we'll be live again from delivering alpha today we have josh brownget his take on what it means for the stock. tina williams founded a $17 billion hedge fund talk to her about the current environment, where she is trying to deliver alpha these days. and we'll have highlights from my conversation with citadel's ken griffin. i'll sit down with him in just about an hour's time and we'll br bring you some of the highlights from what he has to say as well. >> let's stick with lowe's one of the things you're going to see is a lot of demand, unfortunately, over the next couple of weeks, just with the hurricane. and where earnings have been a little bit zpred, you'll have that back. it will kind of help the stock >> you even think if obviously home prices are coming down, mortgage rates are going up. a lot of people did the work on their houses during the pandemic you still think there's a cycle to go with that? >> you always have continual cycles to do in terms of repair maintenance of the houses as well and i think as materials, and we've seen lumber come

rob, josh brown with me jenny harrington and jim lebenthal let's take a look at the friday trade. across the board 350 for the dow, we're above 32,000 s&p is above 4000, that's

industrials before certainly within industrials, you could own a name like northrop grummen >> josh brown. >> on really bad days like last thursday and friday, i look for what's not going down. uber is on that list the stock's got great relative strength to it >> thank you see you in ot. the change is now. >>> hello, everybody i'm brian sullivan in for kelly evans for a while. she is on maternity leave and here's what's on deck today. could europe's energy crisis fuel a financial crisis or banking crisis it could and we're going to tell you why and who might be the most exposed and why it might be good news for american companies. zbl plus, just 24 hours away from apple's big event. a look at what to expect and how to position your trade and from out of stock to overstock. we first spoke with the ceo during the pandemic when they could barely keep up with demand fast forward two years, it's dropping off a 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

surgical. 2% of surgeries are done via robotics now also to the health care industry >> finally, josh brownck came down with housing, but 70% of their business is replacement. it's wrong i think the stock's way too cheap. >> you own it? >> i hope all of you will join me in overtime in a few hours' time "the exchange" is now. >> yes, it is, scott welcome to "the exchange," everybody. i'm brian sullivan in for kelly once again here's what'd ahead, back on track. the rail strike averted, at least for now. a tentative deal reached after 20 hours of negotiating. oil and gas prices down as the risk premium comes out we'll get more on the energy impact plus, we are a week away from the next fed meeting and the markets seem to be split on what they want and what the economy needs. some are saying, we need a big 1% rate hike others say, the economy is already slowing on its own, leave it alone so who's right, who's going to win, and of co

josh. your research has shown that some of the racist policies, like redlining, people of color, black and brown folks, living closer to areas deemed the talks us, may sit dumping grounds, ports and other industrial facilities, have led to these outcomes we are seeing. can you connect the dots of how policies from literally decades ago are affecting the quality of air we are breathing today. >> structural racism is nothing new in our country. it has been around for hundreds of years. the infrastructure we have in our country is also old. it is freaky. if we think about our freeways. the road core doors -- corridors, the way our cities are laid out, the patterns have been built up for the past 100 years. hundreds of different cities, the result is consistent. areas that were historically redlined, people of color were concentrated in these redlined zones, typically where the dumping grounds for pollution. even today, hundred years after some of these racist redlining maps drawn around the country, we found people of color are exposed to high levels of multiple different air pollutants. it's not s