i'm confessa brewer in for kelly evans.ext on that sector. u.s. oil inventories are dangerously low. that's the call from citi's ed morse. we'll talk to him about the decline in crude prices and the biggest risk to supply, but first to tyler and a check on the markets. >> thank you, contessa >> welcome, everyone stocks are

i'm seema mody in for kelly evans.september swoon continues. all three major averages are lower right now. if the nasdaq stays in the red, that would mark seven losing sessions in a row. that is the longest losing streak in six years. is there more downside ahead and risk for stocks? we're going to talk about that. >>> we'll also be joined by a power player tillman fertita will be here to tell us what he's seeing in his businesses, inflation, the labor shortage, consumer spending. we'll cover it all. >> thank you very much welcome to "power lunch," i'm tyler mathisen

i am brian sullivan in once again for kelly evans. stocks are higher today and closinging out a strong week. can the fed get inflation under control without crushing the housing market >>> plus, california in crisis the state is facing energy shortages and is now flip-flopping on nuclear we're going to dig into where the golden state went wrong. >>> and then we're going to get three buys and a bail. focused on each kind of economic recovery we might see, l shaped, v shaped or u shaped feel like i'm doing the ohio state song whatever it is, there's an opportunity there. we are going to get to that. we begin with today's markets. guess what i'm going to do i'm going to toss to myself. let's go down to the market desk here's brian sullivan. the dow, the s&p and the nasdaq are higher right now nasdaq the best performer on a percentage basis did i do that okay, dom? >> that's a good thing. >> i feel like dom chu today i'm only -- i'm a 50% dom. i love you all right. nasdaq up 1.9% right there we are seeing dow, s&p and nasdaq all higher. b

i'm contessa brewer in for kelly evans today.morning rally and wiping out the gains that follow the jobs report and we're tracking the decline and we have a lineup of market pros to help us navigate the volatility and let's get to tyler with more on the sell-off. >> welcome, everybody. the market's earlier gains are all gone the dow had been up as much as 370 points and now down about 280. that's a 650-point

i'm contessa brewer in for kelly evans today.inflation about to collapse that's the call from a longtime market watcher to tell us why he thinks that is the warning of permanent price hikes and why it's wrong signs of a bottom. there are three things investors need to look at to see if the market downtrend is ready to reverse and we'll tell you what they are and what it means for your investments and first to tyler and a check on the markets. hi, ty >> contessa, thank you very much take a look at the dow industrials up 1.19% as you see right there. the s&p and the nasdaq is the big gainer help me look over there behind contessa 2.03% and there it is right in front of me and that's amazing. all 11 s&p 500 sectors and they are higher led by communication services and energy and information technology, you should see contessa trying to sneak in here. big techs seeing strong gains and meta up 4% and netflix, microsoft, alphabet gaining 2% and we'll talk about some of those stocks a little bit later and what they're doing to cut costs

i'm confessa brewer in for kelly evans. sector is feeling the heat from an inventory build and a top analyst for what's next on that sector. u.s. oil inventories are dangerously low. that's the call from citi's ed morse. we'll talk to him about the decline in crude prices and the biggest risk to supply, but first to tyler and a check on the markets. >> thank you, contessa >> welcome, everyone stocks are down for the fifth straight day and that puts the nasdaq on track for its longest losing streak since february the dow, the s&p, the nasdaq there you see it, there you don't, and .75% for the s&p and 1.7% for the laggard and the nasdaq two-year treasury yield topped 3.5% and its highest level since november of 2007 the dollar index nearing a 20-year high on the back of this morning's solid economic reports. there you see it 109.57 on the dollar oil trading around 86 a barrel and our bob hitting its lowest level and that's before the invasion of ukraine. meantime, the semiconductor sector contributing to today's losses as the

. >>> hello, everybody i'm brian sullivan in for kelly evans for a while. 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 o

i'm deirdre bosa in for kelly evans. stocks are down for the fifth straight day, the nasdaq down.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'm contessa brewer in for kelly evans today.are watching this big u-turn on the markets and slamming the brake on the morning rally and wiping out the gains that follow the jobs report and we're tracking the decline and we have a lineup of market pros to help us navigate the volatility and let's get to tyler with more on the sell-off. >> welcome, everybody. the market's earlier gains are all gone the dow had been up as much as 370 points and now down about 280. that's a 650-point turnaround. the s&p 500 also lower today by about 1% and right now the nasdaq is down 1.38% it is a bit of a perplexing day as we head into the weekend. there is news, but there is a lot of uncertainty around that news 3m, dow, intel and the biggest laggards on the blue chip index and the dow transports, they are down as well and the sector led lower by jb hunt, old dominion and csx. contessa >> let's get right to the market panel and keith fitzgerald, bob pisani joins us and mike santoli. let's begin on what may have sparked this big turnaround. >> it

i'm seema mody in for kelly evans. here is what's ahead stocks are falling today as the september swoon continues. all three major averages are lower right now. if the nasdaq stays in the red, that would mark seven losing sessions in a row. that is the longest losing streak in six years. is there more downside ahead and risk for stocks? we're going to talk about that. >>> we'll also be joined by a power player tillman fertita will be here to tell us what he's seeing in his businesses, inflation, the labor shortage, consumer spending. we'll cover it all. >> thank you very much welcome to "power lunch," i'm tyler mathisen stocks have once again turned lower after briefly peaking into the green. as seema mentioned, the nasdaq is the one to watch trying to snap a six-session losing streak down 8% over that time right now as you see, it is off about 3/4 of a point today we're seeing declines in media and entertainment stocks not notably, warner brothers, it's all one company now, among the worst performers on the s&p 500. a

i am brian sullivan in once again for kelly evans. and closinging out a strong week. can the fed get inflation under control without crushing the housing market >>> plus, california in crisis the state is facing energy shortages and is now flip-flopping on nuclear we're going to dig into where the golden state went wrong. >>> and then we're going to get three buys and a bail. focused on each kind of economic recovery we migh

evans, cbs news, tustin, california. >>> and coming up next, breaking news. a verdict in the r. kelly trial. and a powerful storm that could target puerto rico. target puerto rico. the updated forecast just in. welcome to my digestive system. it's pretty calm in here with align probiotic. you see... your gut has good and bad bacteria. and when you get off balance, you may feel it. the bloating, the gas - but align helps me trust my gut again. plus, its recommended by doctors nearly 2x more than any other probiotic brand. just one a day naturally helps promote a balanced gut. and soothe occasional bloating gas and discomfort. align probiotic. lcome to an align gut. facing expensive vitamin c creams with dull results? olay brightens it up with olay vitamin c. align probiotic. gives you two times brighter skin. hydrates better than the $400 cream. here's to real flavors... real meals. real good. all of knorr's high quality pasta and rice sides are now made with no artificial flavors or preservatives. knorr. taste for good. do you struggle with occasional nerve aches in your hands or feet? are n

evans, cbs news, tustin, california. >> o'donnell: coming up next, breaking news: a verdict in the r. kelly trial. powerful storm that could target puerto rico. the updated forecast just in. >> o'donnell: there is breaking news from chicago. a federal jury has just found r&b singer r. kelly guilty of multiple child pornography charges. kelly was also found guilty of luring underaged girls to have sex with him. but the disgraced star was found not guilty of trying to rig a 2008 case that ended with his acquittal. back in june, remember, kelly was sentenced to 30 years in prison on racketeering and sex trafficking charges in new york. tonight, cbs news has confirmed at least seven officers are being investigated over their response to the school massacre in uvalde, texas. two have been suspended without pay, and five are still on duty. the police have been criticized for waiting more than an hour to confront the gunman who killed 19 students and two teachers. all right, still ahead, a possible retrial in a murder case which has drawn worldwide attention. attention. i've always loved building things.

evans punished lattimore to the ground. they were both ejected. >>> 20 years after winning the first "american idol,"" singer kelly clarkson received a star on thealk of fame. she was flanked by simon cowell, randy jackson, and paula abdul as she was honored while speak on reports of receiving criticism. >> my family was listening to my new album telling me what they love, don't love. it's important to have not just yes people but people who love and care about you and give their honest advice, and i've always welcomed that, and i think that is why i'm here today. >> the hollywood chamber of commerce declared the day kelly clarkson day to commemorate the occasion. >>> coming up on "cbs mornings," producer judd apatow stops by the time square studio to talk about his new movie "bros," the first gay romantic comedy from a hollywood studio. [acoustic soul music throughout] [acoustic soul music throughout] [acoustic soul music throughout] [acoustic soul music throughout] ♪ ♪ ♪ ♪ ♪ ♪ when cold symptoms keep you up, try vicks nyquil severe. just one dose starts to relieve 9 of your worst cold and flu symptoms, to help take you fm 9

evan. if no one has any questions? we'll get to that later. coming up next is kelly, an associate professor of law and director of the health law program at creighton university's school of law. where she teaches health care law, bioethic,er to thes and -- torts and health seminars. before attending law school, and this is an interesting part of the case she will discuss, she was a nurse in neurosurgery and transplant i.c.u.'s, critical research and neurosurgeons caring for people with chronic, persistent pain. she's uniquely qualified to talk about prescribing opioids. kelly: all right. thank you, trevor. and thanks to tommy and katie and everybody at the cato institute that put this together and the review. it was my honor to be part of this. i want to start by acknowledging a couple of people. the first is professor jennifer oliva who is the professor at hastings who was my co-author on two of the briefs we wrote on behalf of professors in health law policy in this case. and the other person i would like to thank is dr. jamie henderson who is a functional neurosur

evan. i'm sure no one has any questions. we'll get to that later. coming up next is kellyineen gillespie and associate professor of law and director of the health lawra program at drayton university school of law which he teaches health care law, ethics, fortson seminars. shields a phd distinction in healthcare from st. louis university. before attending law school and this is an interesting part of the case you will discuss, in her article, she wascu a nurse n neurosurgery and trance but i see clinical research as was functional neurosurgeons character people with chronic persistent pain is uniquely qualified to talk about rouen versus united states which involves prescribing opioids. kelly? >> thank you. thank you trevor and thanks to tommy and katie and everybody at the cato institute that put this together and the review. it is my honor to be part of this. i i want to start by acknowledgg a couple of people. the first is professor jennifer who is the purpose of law at uc who, what, why co-author on to briefs wes wrote on behalf of professors in health law and policy in

evan. if no one has any questions? we'll get to that later. coming up next is kellyan associate professor of law and director of the health law program at creighton university's school of law. where she teaches health care law, bioethic,er to thes and -- torts and health seminars. before attending law school, and this is an interesting part of the case she will discuss, she was a nurse in neurosurgery and transplant i.c.u.'s, critical research and neurosurgeons caring for people with chronic, persistent pain. she's uniquely qualified to talk about prescribing opioids. kelly: all right. thank you, trevor. and thanks to tommy and katie and everybody at the cato institute that put this together and the review. it was my honor to be part of this. i want to start by acknowledging a couple of people. the first is professor jennifer oliva who is the professor at hastings who was my co-author on two of the briefs we wrote on behalf of professors in health law policy in this case. and the other person i would like to thank is dr. jamie henderson who is a functional neurosurge