here to break down the headlines, michael santoli, seema mody and zelanos saporo.o have you in the mix as well let's begin with supply chain and semiconductor issues continuing to crush the auto industry see the ford numbers sales dropped 33% in august from the previous year. they cut f-150 production. they've cut ships to plants around the country and the tesla roadster is delayed until 2023 he's calling it the year of the supply chain shortages can any automaker handle this problem? delano, what do you think? >> i definitely think there's going to be persistent problems for all automakers, especially this year going into next. i think i like what tesla is doing in the sense of we have a stock that's $740 billion market cap stock that's now seeing some turn around in the stock trade i added to some of my positions over the last month as we saw yield goes down and recalibration of expectations for growth investors look at the largest market share here, the best player when it comes to electric vehicles i'm sticking with that tesla trend. >> do you think cathie wood

now, i heard michael santoli agree with him i don't think that means stocks find their bottom today orven tomorrow, but, you know, is the recovery that's only one year into over or is the penalt-up demand been exhausted? i would say no i would look at broad-based selling as incremental >> there's property in asia. there's obviously the trajectory of the pandemic, which i know you follow closely for others, it's about domestic policy risk and how the market absorbs the next couple of months in washington how do you think that happens? >> unfortunately washington is unpredictable. i know there's going to be a lot of headline risk it's something tom block our policy strat jift has been talking about. unless there's going to be dramatic changes coming out of washington, the debt ceiling and the risks of a shutdown, while they're kind of scary and cause headline problems, again, i'd be sort of trying to make my lens, look a little further, and realize we're going through a lot of chop right now. number one, we're going to finish strong seasonally september has a chance to turnaround we're a

. >> i'm michael santoli in for wilfred frost. big cap tech is ticking lower.crosoft and nasdaq are weighing on s&p 500 the material sector no

our own kate rogers and michael santoli. chipotle getting two new street high price targets in the past week just days after cowan hiked theirs to $22.50 it has just one analyst celebrating. it's pricey. its p/e ratio among the highest among peers. it may be high but nowhere near its own all-time highs its full-year pardon p/e was down to 32 went back above 116 by last may. since come in to settle in around $74 michael, what are your thoughts beyond the stock's performance >> it shows you that analysts do have to stretch to find a rational to justify much further upside from here because it's been such a well-embraced investment thesis. the company has been performing so well. i'd throw away the huge multiple on super depressed earnings and say it's rich. and one of the things that struck me was that piper suggests that getting up to 47 times cash flow, enterprise value to cash flow, it's never really traded up there you really can't find that many companies that trade there but part of the premise is they can double domesti

. >> i'm michael santoli in for wilfred frost. big cap tech is ticking lower. things like apple, microsoft and nasdaq are weighing on s&p 500 the material sector now down more than 3% on the week and vaccine names are in focus, as an fda advisory panel meets about boosters moderna, pfizer, and j&j, all in the red today. 59 minutes left to go in the trading week >>> coming up on today's show, plenty of questions in this question surrounding those vaccine boosters, and we're going to get some answers. hopefully from the fda this afternoon. dr. anthony fauci will be joining us to talk about the advisory meeting at the fda on boosters plus, senator marsha blackburn's team is talking with the facebook mwhistleblower behind that bombshell facebook report about instagram and facebook's impact on young jusers. senator blackburn will be with us to talk about her new probe into the company and what congress can do about it >>> first, mike tracki ing all h market action. meg terrell has the latest on that fda manual meeting on boosters what are you watching with all 11 se

. >> michael, we appreciate it mike santoli >>> if you're looking for higher returns and lower volatility, our next guest says your best bet is mid cap value the russell mid cap value index up 20% this year joining us to talk about how to do it senior portfolio manager with american century investment michael, welcome let's start by defining what we mean by a mid cap stock, and then you can get to a mid-cap value stock. what size are these midcappers >> tyler, it's really changed over time as the market has continued to really increase when i started my career over 20 years ago, talking about mid-cap stocks, $5 million or $10 million. that's no longer the case today. you have to start at the low end around $5 million but going up into the $30 million, $40 million range. >> these stocks obviously as capitalizations have grown, the upper bound has gotten higher. what about them and what about value stocks in this bracket are so appealing right now >> so there's two different questions, tyler what's attractive about mid-cap stocks they're survivors. they're gone from being small companies to