liz ann, thanks. great to see you liz ann sonders. >> thanks, carl. >>> nvidia earnings making a splash after thebell yesterday but well off the highs and now just up 1% versus the nearly 7% it was up at the start of the show -- start of the hour it seems to be buy the news, sell the event because the quarter was impressive revenue and earnings saw triple digit gains year over year in the second quarter jenson wong telling investors it could climb as it sees $1 trillion joining us is aaron. what do you make in the price action in nvidia losing steam here does that suggest to you that markets are losing a bit of confidence in the company's run rate >> yeah. i mean, i don't think it's confidence i think it's just the market reflective of what was a high bar going into this print. they delivered phenomenal results, beat revenue on a big guide upward for the july quarter by, i think it was 23% beat the bottom line number by 37%. i don't think anything has changed. the expectations were high i think we have to digest a bit. we're seeing stocks down 2% this morning as well. again, i don't think anything ha

liz ann sonders and liz young joining us >>> let's get to our twitter question of the day.s this correction almost over or just getting start? head to @cnbcclosingbell >>> let's get a look at stocks to watch kristina partsinevelos joining us >> revenues coming in above expectations helped by its effort to compete with rivals by aggressively lowering prices shares are down amid broader concerns about chinese economy shares of jd down 14%, down 16.5% on the month and headed for the worst month since april. >>> elsewhere, h&r block is having its best day in over a year after earnings topped a revenue beat the tax prep giant is also hiking its dividend 10% to 32 cents a share and that's why shares are up. >>> and since i cover chips, we got to end on nvidia, which got a new street high this afternoon, a new street price target high from rosenblatt who went from 600 to $800 a share. the love fest from all the analysts that's well above the average target of $528 a share nvidia right now is trading at $435 ahead of its earnings report which is out next wednesday. >> kristina, tha

liz: liz ann sonders of charles schwab. we're keeping our eyes, we said, on treasury yields. as the 10-year goes, so goes the cost of new mortgages, hitting the highest e level in decades. homeowners locked into cheap mortgages are not upgrading to another house or a new house, they're upgrading the homes they have. enter the novogratz, courtney and robert have a whole bunch of bundles at price points so reasonable, they're selling out. what because -- does that stay about the state of the housing industry? with the dow jones industrials down 10 a -- 015 point, "the claman countdown" is coming right back. ♪ ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. (woman) what if my type 2 diabetes takes over? what if all i do isn't enough? or what if i can do diabetes differently? (vo) now you can with once-weekly mounjaro. mounjaro helps your body... ...regulate blood

let's bring in liz ann sonders with charles schwab. >> thank you, frank. >> tech is coming off the bestnd this week? >> wouldn't i love to know what would happen? we have seen intraday volatility with the rally days on softer tone. i would not be surprised to see that intraday move continue. we have the jackson hole uncertainty behind us. there is uncertainty with the september fmoc meeting. i think traders will continue to watch probabilities associated with the next two meetings and that could drive the shorter-term moves in the market. >> we had two things happen last week that a lot of people thought would give direction to the market. nvidia earnings and jackson hole. still a lot of undcertainty. we are waiting for pce. that will give us some answer about september. what is the big theme you are seeing? >> i think the overarching theme for the last year and a half has been valuation as it relates to the aggressive monetary policy tightening cycle in history. the surge in yields on the short end and long end which brings the risk-free rate back into the picture with the higher disco

i think liz ann sonders was on that.le were on some of these concepts with the labor market. i think we're coming to this point where people are starting to realize that which is holding up the labor market, mainly hoarding workers, 10 people over in this department, i really need to fire two or three of them but i'm afraid i won't find new people, let me hoard them, now enough months have passed since credit started getting tight. now i think we're starting to see some of that realization in, for example, challenger data you were showing -- charles: jeff, how does it manifest itself in tomorrow's jobs report, what are you expecting? >> well the thing about the jobs report i don't know how much i can trust the bls. charles: hey, listen, i'm with you on that, with you on that believe me. they may say 300,000 tomorrow. [laughter] >> jeremy schwartz at the shop absolutely hammering the bls on the cpi numbers because the owners equivalent and rent is so wacky inside of those numbers. every time we turn around we have the rev

wapner from post nine at the new york stock exchange we've got some big interviews just ahead liz ann sondersing me momentarily on whether this correction is about to get bigger another and richard clarida on what he thinks the fed will do in the months ahead just after the minutes released about an hour ago. >>> we begin with unsettled stocks your scorecard right there with 60 minutes to go in regulation the major averages, not trading all that great today as rising interest rates remain front and center the yield on the ten-yea

i'm carl quintanilla with seema mody charles schwab's liz ann sonders coming up with jackson hole kickingand breaking down the likelihood of what he calls a hardish landing. >>> the ceo of autodesk after earnings as that stock jumps on revenue beat and more enthusiasm about a.i. >>> let's take a look at markets. with the dow, s&p and nasdaq all trading lower. the nasdaq down

liz ann sonders of charles schwab.es we have heard from retail, walmart and target talking about resuming payments later on this year. macy's, sales are down. delinquencies, theft at dick's sporting goods. that stock hammered. people are walking out of the store with goods. tom: it speaks to what we will see in milwaukee tonight. there is part of america that is booming. jackson hole is the end to this this of dix goods -- of dick's sporting goods. jonathan: i wonder if chairman powell comes up and it is federal reserve. -- comes up and the federal reserve. they have been playing to that. tom: i thought what greg said about ukraine was fascinating. do they sit on ukraine? jonathan: all of that is coming this evening. are people who think this report is more important than jackson hole and chairman powell. on nvidia, next. ♪ >> what is really important is less what we are going to hear from nvidia, less from chair powell, less what we hear overnight. obviously we had some moves from china and more of the price action in