nasdaq up 0.4% in premarket.s down just slightly this morning, about a third of 1% just below 90 bucks or just above 90 bucks for wti plus, we continue to watch shares of tesla. new disclosures showing elon musk sold more than 7.9 million shares, around $7 billion, 6.8, to be precise, going against a statement back in april that has no more plans to sell tesla shares when asked by twitter if he was done selling, he said, yes in ton likely event twitter for forces the deal to close and partners don't come through, he doesn't want to have to be force ed with an emergency sale of tesla stock. shares are up once again >>> let's get some of this morning's other top stories. courtney rag season here with those. court. >> good morning. the justice department is reportedly preparing to sue google as soon as next month according to report it would be a culmination of work to build a case before the suit sun veiled the feds are continuing speak with publishers to refresh facts and gain additional details for the skplant. >

with courtney reagan, i'm tyler matheson markets are down across the board this day and the nasdaq getting the hardest off 2%, so is this the end of the summer rebound or just a pause on the way, perhaps even higher plus the interesting split in the energy markets oil well off its highs down today back below $90 a barrel, but natural gas continues to soar 14-year highs there. could that gas head higher this winter and what it might mean for you, the consumer, for inflation and the economy. courtney, welcome. >> thank you, tyler. as stocks are lower across the board. the dow down almost 600 points and the nasdaq down 2% some of the big names leading us lower and netflix is the second worst performer on the s&p 500 and cutting the stock to sell after its huge run meta and amazon also lower chips one of the worst groups, intel, lam research and nvidia lower and every sub sector is down today and a couple of materials' names are outperforming. >> lots of data, some speeches and earnings for investors to watch this week culminated, of course, later in the week by the whole jackson hole central

the nasdaq is down more than 8% over that time so what happens from here. let's bring in jason, managing director of internet directory at oppenheimer if you just heard the past discussion he's buying nvidia not just meta. which i could understand as a value play so where do you think tech goes from here? >> so, look, i think it is bifurcated i think with a large cap like a meta or google, you could look at a p.e., i think your prior guest said you have meta depending on if you include or exclude the reality losses that fall 10 to 15 times next years earnings, you have to google 17 to 18 times, you so clear i think -- you could look at this valuation support and it is about short-term fundamentals that probably drive those and we could talk about that. when you start to get into mid and small cap growth, or companies that historically hadn't had kind of cash flow earnings valuation and more multiple sales, that is more fed driven so it is kind of like a tale of two stories and so you do have probably the bulk of tech. more fed driven where you do have some

nasdaq the only green on the screen up 43 points. elizabeth: this is interest, right now leading external security firm zero fox at session high after debuted on nasdaq and jumping 29% and making new ceilings to $14.15. it launched via blank check merger lms so it's back and it was a $1.4 billion deal. what's external cyber security; right? zero fox basically exposes and intersects cyber threats like phishing, data leaks, fraud campaigns and more. microsoft to intel and uber, and even nasa and the u.s. department of defense. joining me now, live from the nasdaq, just right down the block is zero fox founder and ceo james foster. foster, congratulations, it's a could have world and some of the names are not doing that well but clearly investors are clinging to what your story is. explain your differences from everybody else out there. >> yeah, it's been an exciting day. long time coming. first, we're a real company in a really interesting space. cyber security. i don't think there's been such great demand for cyber security than there

the nasdaq getting crushed today but still up about 15% from the june lows. two of america's biggest banks have very different takes on where the tech rally goes next, though jpmorgan says there's room to run. perhaps through the end of the year while ubs today says you should take the opportunity to trim excess exposure before the next downturn so who's right joining us now, david bonson, the chief investment officer of the bonson group david, welcome i've been off for about 12 days, and things are roughly where they were the day before i left. so i mean, i know there's been a lot of action since then but what's the sense to make of this market what should you do >> well, is hopely have a longer timeline than 12 days. that would help. because you're right, things are going to move around quite a bit. and over 12 days and sometimes over 12 weeks we can expect what is effectively a flat line even if there's a lot of volatility in between you mentioned the nasdaq being up 15% from its lows, and yet we know the math of it is how far down it still is from its hig

if you look at the nasdaq, the nasdaq 100 is a different lens you saw it go from the lows in mid-junea bull market it went back up 20%. a lot of lens to look through here this is all about the midterm election year and volatility we have to embrace instead of running away we look at quality names look at some of the airlines you see the airlines beaten up opportunity across the board to see the dispersion from sector to sector, sully. >> i was in o'hare recently and i thought about you. >> did you have a high drive >> yeah. no i was running to catch a flight. my previous flight was delayed i don't think i have ever seen more people at o'hare. that says something. if there is a consumer recession, it is not at o'hare >> you are right i think when i travel the country, i see more and more activity i'm optimistic i remain cautiously optimistic we are not giving enough appreciation to the earnings season the bar has been lowered it goes back to the fed. right now, the cme fed watch is a coins stoss of 50 to 765. a lot of time. >> citigroup is saying uk inflation and inflation in england w

nasdaq is back to underperforming. are you rethinking that call >> i still stand by the june 16 bottom i've spoken with you about before, sara even with the pullback in august the nasdaq is still up 11% since the june 16th lows or things like the etf for biotech are up even more. yet we have a lot of the same bear sentiment now back that we had in mid-june, put call levels elevated, investor sentiment really sour right now, a lot of hedge funds according to prime brokers are not exposed to growth or much more exposed to value and yet even though this is turning out to be a negative august, growth has outperformed in the month of august i think for the same reasons that when we get so pessimistic there's nowhere to go but up, that's one of the reasons i'm optimistic another data point i'll share with you, sara, if you go back and look at 1981-'82, the height of the inflation scare, from may '81 to august of '82, the nasdaq dropped 29% from peak to trough. we dropped, the nasdaq, from november until june 16, 33%. in abou

dow indicated down 300 nasdaq close to 190. close to giving back 47 and change cryptocurrency is also pulling back >>> amid the market stories. china cutting the key interest rates. eunice yoon is joining us live from beijing good morning, eunice >> reporter: good morning, joe the key lending rate cut after two interest rates cut in a surprise move a lot of week. it cut the one-year loan rate by 5 basis points to 3.65%. the five-year was cut to 3.4%. the one year is the reference to loans in china and the five year is the reference to mortgage the cut was anticipated, but the amounts is a window into what the policymakers were thinking it was cut ten basis points last week the one-year for new loans was cut less than expected and the five-year cut more than expected it is suggesting that the policymakers are hoping to keep the borrowing costs steady, but want to target the struggling property sector. it is still unclear, joe, whether or not this move is really going to have much of an impact because people haven't been in the b

what is interesting about the nasdaq 100 and nasdaq relative to the s&p 500, the nasdaq is now 20% aboveune low during that qualifies it for a bull market. it is not entirely clear that the bear market is over. technically it is, but that downtrend this year is pretty brutal, and if you think back to 2003, there were lots of rep -- rise of greater than 20% before the bottom was found. take a look at this. about one year after the nasdaq does come out of a bear market is up 23%. could have some very interesting trading ahead, because the near term looks like it will continue going higher. there may be reason to think we could cool off at the end of the year, however for that near-term rally let's dive deeper into the dollar. this is a really impressive chart showing what is happening for the dollar. you can see here that we are looking at one of the worst. here, one of the worst weeks as the dollar simply declines after all of this strength that took the dollar to very very high levels. again, worst week of 2022, helping out the risk assets in spades. guy: absolutely. it is amazing to see

nasdaq higher by 32. dow up by 124. of focus on the nasdaq the rally yesterday lifted the index off the june

the nasdaq is at 2.6%. communication services is a standout performer in the market to strengthen names like amanda. it is a big day for earnings. take a look at some of the biggest earnings winners. vantec names like paypal, robin hood, sophia, surging double digits. cvs is jumping, too, taking the drug source higher. there is moderna up up 70% leading the s&p 500. ahead, carlisle groups the david rubenstein will join us with his thoughts on the market rally, the state of public equity, anti-inflation reduction act. let's get to this route it was talks surging even as a number of officials came out with a hawkish tone. here is jim bullard, st. louis president. >> we still have some ways to go to get to a restrictive monetary policy. i have argued that with the hotter inflation numbers in the spring, we should get to 3.75 to 4% this year. >> san francisco fed president mary daly told reuters that if inflation keep soaring, a 75 point basis hike in september may be appropriate. 50 would be reasonable. she sa

we have strong action in the nasdaq 100. 65% of the nasdaq 100 have been risen 20%. you're watching the index itself. we still have a long way to go, even though 65 of are up 20, average negative is 21%. we have a big climb but improvement has been made. charles: nasdaq mass to be powered by the "faang" names, as much as people say they're done, don't worry about it. i'm a amateur chartist looks to me like the infamous cup and handle f that's true, that is typically a very bullish chart. on this one, forget about being ambitious, am i being too creative? >> i'm a cup and handle pattern as well. i can't see the specific chart you're looking at on my screen here. it's a bullish pattern that we're performing. we have a lot of drama to make up. there are still a lot of threads that this is countertrend rally. we saw similar moves during prior counter trend rallies. we're seeing improvements. we're glad to see that. we're not out of the woods yet. hopefully after we get past past earnings season. we jump ad lot of hurdles, got past the "faang" names. a it is a lot of gree

. >>> we begin today with tech stocks getting crushed, nasdaq down more than 1%. we are right around session lows, only six points off of it for the nasdaq and, you know, on friday, carl the markets rallied a brief moment after that hawkish speech and there was this thought that markets had come into more alignment with the fed speech, right after, but there's room to go and the question is, how much more does it have to do? we've got a big week of earnings, too, that will give us some direction and the jobs report on friday. >> maybe some of this is just catching up. fed officials were trying for a long time, it seemed, to top the markets down and it wasn't working at all remember, mary daly even talked to me about it and you know at that point, right, like when that -- just talking to the economics reporters, talking to the tech anchors as well, trying to get a message out there but seriously we're going to get some more data this week that i think will be interesting for some growth oriented names, crowd strike, we saw how palo alto networks did, here's another

it rivals november when the nasdaq peaked.ly yields are down, credit spreads are tighter, equities are up and volatility is down. that's the question, sara. is it too much of accommodation by the markets that counters what the fed is going to do. so far investors feel like there's room enough to take on more risk and have conditions loosen without necessarily threatening a further hawkis turn by the fed. >> the dollar has been weakening too. mike, thank you. we'll see you next hour. >>> up next, the ceo of wheaton precious metals on the outlook for silver prices and why his company can give investors exposure to the fast-growing solar industry we'll be right back on "closing bell" with the dow up 352. ♪ ♪ i was having relationship issues with my old bank. next to no interest, the fees... it was just take, take, take. so i broke up with bad banking and moved to sofi checking and savings. now i get higher interest, pay no account fees, and get my paycheck two days early. break up with bad banking. get 1.80% interest, pay no acco

nasdaq and tech a sell-off this hour as fears resurface.main cap names have been the real driver of the rally this summer does this group have enough to keep fueling this market two key sectors in this market making a quiet but major comeback we'll tell you all about it. now our investment committee on this friday. happy committee to all of you. first, we'll begin with what is ex

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the nasdaq near 3% gain, 358 points to the upside today. quite a rally. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. liz: still lots of green on the screen. if actions speak louder than word, elon musk may have dropped a major hint whether he is officially bracing for the order to buy twitter at the price he originally offered. charlie gasparino has been all over the story. >> sold si

the nasdaq is up over 7% in just the past two weeks alone the nasdaq's biggest winners to date are ev maker lucid driven by the ev tax credits and pushing the entire electric vehicle sector higher including nikola, rivian, nio and tesla and zscaler and docusign up over 5% today and that's despite the preannouncement, talking about the nasdaq as a whole is up -- despite that from chipmaker nvidia in second quarter revenue would come out to 6.7 billion and fall short of the $8 billion outlook. why? weaker gaming revenue according to the company, data center sales are weaker than expected point. the company previously expected to be a little higher and that's because of supply chain issues early announcement could be nvidia's way to derisk its graphics business and shift investors' focus away toward more data centered businesses like automotive and data centers and part of a growing trend we're seeing among chimpmakers move away from the weaker, slower demand in pc and handsets and gaming included there and towards higher growth segments like a.i., artificial intelligence or the cloud an

nasdaq dived 2.55%. hardly any reasons that individual stocks should be down as much as those averages. in reality, most companies are doing much better. we are hostage to a mind-set. the notion that the federal reserve is on track to obliterate this economy in order to retain from inflation and there's nothing that can stop them. we are so paralyzed by this mind-set that good news means nothing. including any of the amazing urns reports that we get. long-term i think corporate earnings are what will matter for stocks but right now, what are we doing? we are waiting for the feds jackson hole conference later this week which is all that wall street cares about. that's what crushed everything today. despite terrific quarterly numbers. that and the hangover from last week meme mania. why don't we do this? let's go back in time kind of like the rocky and bullwinkle show, let's look at the actual numbers we got. on friday we heard from john deer and it was amazing. i couldn't believe how strong that quarter w

the s&p up almost 1% the nasdaq showing some leadership, up over a percent. the russell 2000 doing even better than that the 10-year yield at 2.864 right now we're starting the day with a lot of questions and a lot of things to talk about. cpi and ppi, both of them a lot better than expected perhaps bolstering that argument that we have reached peak inflation. we're going to talk about that a lot this hour. big cap tech showing renewed leadership apple 7% from a new 52-week high i want to throw one more thing on the pile. we're about ten points above a key technical level. if we close above 4231 that could show we have a lot more room to move to the upside jim, have you seen enough to believe yet? >> am i finally a believer that would imply that i wasn't a believer no, i like to tease a little bit. i am a believer. first off, let's acknowledge the tone change in the markets and let's put it this way. you were pointing out a fourth straight week of gains in the s&p 500. i'll point out in the second quarter, you had two weeks in which the s&p 500 was positive,

nasdaq, s&p, dow. these gained since june. nasdaq up 2 2% and dow jones industrials up about 14% since june. s&p up 17%. but it has become very clear that china is flashing economic dis-stress signals and august home builder sentiment with the longest stretch since the 2007 housing collapse and chinese equities struggling under the thumb of overbearing government. now questions swirl over whether china is heading for a hard landing and what that might mean for us. let's get right to the floor show and the man jp morgan trusts to give them the clearest-eyed sense of how the pieces of the global market might fit together in realtime. chief strategist david kelly. david, i want to start with u.s.. the fed is in the fight of its life against inflation and jay powell and company are armed with rate hikes, we know that wal-mart and home depot are learning to be way more fleet of foot and benefits inve investord which side has the most powerful weaponry right now? >> the important thing to realize is the war on inflation will be won.

the nasdaq 100 down .9%.quities softer as we try to squeeze out a week of gains, looking at a day of losses that could take that away. this into michael hartnett. the 17.4% gain we had off the lows, apple, microsoft, amazon, tesla contributed 30%. tom: he is way correct. it has been credibly narrow. jonathan: we are going to talk with steve chiavarone on that story. features lower from nearest city, good morning. this is bloomberg. ♪ jonathan: good morning to you. the average, 17.6% rally. we just had 17.4% off of the lows. textbook bear market rally. features down .8% on the s&p 500 the nasdaq down .9%. closing out the week, we anticipate what chairman powell will or will not say it next week. he will be in jackson hole next week. tom: i am doing my dr. oz a look and carrying all of my stuff in my arms. jonathan: we can talk more about that in a moment. to the bond market, twos, tents, 30's, two year yield last friday 324 this morning. it is closing basically where we were last friday. yields up five basis p

nasdaq posting the highest close since early may, 2 1/2 percent on the nasdaq leading the indexes through july and now august. traders think there are other charts that are telling the true tale of the market. it says somewhere you are the most interesting man on the show but i think they took that out, guy. what are you watching? >> well, just so people understand the only reason you like it when i come in is because i typically bring you things. sometimes if your back is bothering you, i bring you a heating pad or things like that. that is factual as well. for me it's high yield. the credit market is seemingly okay. if you look at the hyg it would suggest that the bounce from 72 to current levels coincides with the broader market. i think there is a credit problem lying in store. i think you need hyg on your radar screen. not suggesting you trade it but i believe there is a leg lower than hyg and it will coincide with the stock market. >> now lows. >> new lows? >> 36 and change was the low. we said for a while -- i will tell you steve grass so came on the show and said this market is co

nasdaq up 0.4% yesterday we saw the s&p somewhere in between. week to date, we sktill have al three down 2%. most of the damage in the early part of the week down on monday in particular. so far, for the week, ten sectors of the s&p is lower. let's look at bonds this morning. 10-year treasury is at 3.085%. during the course of the week, it has been higher yields. dollar was flat yesterday, but higher for the week. up 0.4% so far this week we have seen oil prices rise, of course, over the course of the last couple of trading days which helped energy as a sector within the s&p yesterday, oil up 1.2% it is up again this morning. the big story, of course, has been gas prices in europe. we can have a look at dutch ttf wholesale up $300 today. 15% or so. month to date up over 50%. year to date up well over 300% extraordinary moves for those gas prices wholesale gas prices extraordinary moves in asian trade. let's check in on that with julianna tatelbaum -- preview? live update for europe and asia. ju

the selloff intensifying nasdaq off about 3%.eanwhile seeing big declines today as that selloff post powell hawkish speech continues julia boorstin has a look at the moves. julia. >> reporter: jon, we have seen the streaming stocks sell off the broader market look at netflix down 4%. roku up 6% shares of paramount global down 4% also we're watching the social stocks meta and pinterest shares are down 3.5%. snap is struggling the worst in the sector down 5%. it is not just the broader market issues. jon, this comes after a critical note from piper sandler yesterday. neutral rating and noted that spend on snap from their measure is lower this year than last year they note that tiktok is the second most used social channel behind meta. snap, the company earlier this week agreed to a $35 million settlement in illinois that the company filters lens violated the bio-metric privacy act snap was hit with a lawsuit yesterday with the video overlay technology jon. >> ouch. let's put this in context with the economic turbulence. i know comp

the nasdaq up by 0.04%. we are hanging talk, going nowhere going into payrolls. 88 dollars a barrel now on wti. we are done .4% on the session. tom: smith college, you would never guess that there is a mcconnell observatory. if you are at smith college, you have to go up on the roof, looked up at the stars. nadia lovell joins us from smith college, from ubs as well. what does the child support mean for your equity market? nadia: we think we could get something in the 200 range, 250 range. we also want to see labor participation move up because that means labor supply is increasing which could alleviate some pressures we are seeing on the wage side. in order for this rally to be sustained, you want to be in that sweet spot. two things also important, next week's cpi numbers. that will determine the path of the fed going forward. tom: when you were studying physics, there was an order to all this. is there an order to the equity market, and this equity rally we have seen? do you feel like there is almost a fre

nasdaq was essentially flat. now august has of course been a bit of a non-event for markets at times the s&p so far flat for the month after surging more than 9% in july. the initial surge continuing and then pull back craig joins me from piper sandler. congrats about a month ago you correctly called we would do a rally we had a ferocious rally or bounce well played on that front. are you taking profits in that turn or that i go that rally can continue >> wilford, we think this is a short-term pullback. as we called for our publication put out this morning when you get the moves out to 200 day moving averages, you typically will come up to it, test it a few days, back off if you look back in sill con valleys, the major market moves off the lows i think that's exactly what we're doing now. we still think this pull back here we think should ultimately be bought. the reason it should be bought, there are a lot of investors not focusing on the new route. it's turned up significantly when you come up off of major mark

nasdaq is up 61. we are talking about a 21% gain in the nasdaq just since the end of june.oking ahead to next week, we have retail earnings on tap, home depot and wal-mart both reporting before the bell on tuesday. let's get into it. joining me right now cofounder steven moran. thank you very much for being here. first i want to get your take on rally in stocks, does it have legs through the end of the year? >> thanks, maria. it's great to see you and great to be here. thanks for having me. a lot of the stock rally that we have is we aren't in a recession quite yet. although being said we think the federal reserve is doing enough tightening cycle and enough hiking that we will be in a recession within couple of quarters, probably tend of the year so as a result we don't expect the stock market rally to have many more legs than it has already. maria: all right, so let's look ahead to the week ahead and that's week -- we have retails earnings coming out in the week ahead. market as you can see up since june, 50% on the nasdaq since june 15 and higher when you look at the end

the s&p down 3% and the nasdaq down 3.6%.t you to take a look at the two year treasury yield because after jay powell said, you know, we're headed for a painful period of slow growth and possibly raising joblessness, didn't say a recession, but if you look at two year yield, at one point it hit the highest level, 3.4% it's right near that now and the highest since october of 2007, so the recession indicator is the inversion of the two and the ten year and that was the widest spread in quite some time. at one point, 37 basis points. so maybe traders and investors right now are saying, maybe we're dealing with a recession that might be worse than we thought. either way, we have red hot inflation, and that fortunately didn't stop us from traveling and taking vacations this summer. there's a new report from skift and found 53% of travelers flew or drove to their vacation in the month of july and nearly 60% of americans are planning a vacation soon. but the commercial airliners can't catch a break. the pilot and air traffic contro

nasdaq at the high up 171 points and we've reversed down 69. the dow was up 342 points right now up 42. just 42. as for the s&p, pretty much flat to slightly lower after hitting a high of a gain of about 47 points. now, the jump at the hope was to be expected; right. just a day after the july cpi showed that consumer inflation, while still high at 8.5%, simmered down from june's 9.1% year over year and markets, of course, you know what happened yesterday. they saw huge rally. cpi's cousin, the ppi, producer price index, came out this morning. also cooler than anticipated. you can thank the energy sector for much of the green on the screen. the up 2.5% in the after market at $19.50 around where it closed in the regular season and this after the international energy agency upped its global thirst saying demand will rise by 2.1 million barrels per day and increase of the previous number and increase of about 380,000 barrels. but here comes the cooling inflation part; right. oil prices are down just about 11% quarter to date. and this is big news t

that's a huge move in the bond and look at nasdaq. the nasdaq is not craving. you've go a nasdaq up on a bond move like that, that's a great sign and what that shows me is these -- a lot of these nasdaq stocks have done the work, they've been beaten to heck, and when you find some that are decent businesses not going out of business down 80 or 90% like we did with caravan that, i mean, we're buying that stock at 22, 23, 24 and it's 33 today and it's just -- that stock could go to 60 or 70 and not even getting close to a tie. elizabeth: what do you need to see, dutch, before you pull the trigger on a stock like carvana, which a month or two ago looked dismal. >> it did look dismal. there was risk in it, okay. when we hit it that early, there was a lot more risk in it but, you know, one of the things, we're not -- and our trading, we're not look for safe haven stocks. when we want safe haven, we raise our cash levels and we had raised our cash levels to about 35 or 40% and then we dipped into a few things here by adding to some of our existing positions. but we c

nasdaq higher by 32. dow up by 124. a lot of focus on the nasdaq the rally yesterday lifted the index off the june low new bull market? who knows. treasury yields. 10-year treasury is 2.77 we will watch the reaction to the producer price index economists are calling for .20% increase in inflation and rise of .4% as for currencies, we saw on the back of the cpi, the dollar falloff significantly on the back of it we are seeing continued declines in the dollar against the euro as for oil oil is below no, $92.92 on wti. brent is below $98. precious medimmemedals gold is down and in crypto, we talked about ethereum ethereum up 3.5% today that is seeing a rally from its lows >> risk on as they say >>> let's talk about the corporate story and see if there is risk on disney beating the top and bottom line. disney plus subscribers rising in the quarter and topping expectation. if you combine disney plus and espn plus and hulu, disney has 220 million subscribers. it gets it close to where netflix is and having said that, there ar

the s&p off 20 points at 4,038 and the nasdaq also down half percent let's not forget the nasdaq losty, and chris ruffo. great lineup, the 10 a.m. hour of "varney" & company is next. ♪ you've put your dreams on hold. remember this? but i spoke to our advisor, and our vanguard investments are on track. “we got this, babe.” so go do what you love. thanks for being our superhero. . . . . that's the value of ownership. ♪ ♪ ♪ ♪ ♪ ♪ ♪ if you shop at walmart, you get it. ♪ you know how to spend a little less to get a little more to make life a little better. ♪ ♪ here goes nothing. hey greg. uhh...hello? it's me, your heart! really? yes! recording an ekg in 30 seconds. tada! wow, that was fast. you know it! kardia offers the only personal ekgs that detect six of the most common arrhythmias in just 30 seconds. so you can manage your heart health from home, or on the go. your heart rhythm is normal. no arrhythmias in sight. i wonder what my doctor would say. ooh! let's find out! with kardia, you can email your ekg directly to them or send it to a cardiologist for review. kardia can do all that?

nasdaq up more than 20% from the june lows. and we've seen big moves in big names. amazon up 30 in a month, meta. this week, new data show inflation may have peaked. that has further given a boost to the names among the specific etfs seeing the biggest inflows, technology select spider, vanguard information technology, and ishares u.s. technology etf. the data come from our partners at track ib snsight you can find it on the ft willshire etf hub. let's get to frank >> here is the update at this hour former president donald trump has until about a half hour from now to officially signal whether he will contest u.s. attorney general merrick garland's move to release fbi documents over the search of his mara -a-lago residents. he said he would not oppose the release of the documents they released 11 sets of classified documents some included in top secret and meant to only be in special government facilities >>> a ship approached ukraine to pick up wheat for hungry people in ethiopia. in the first food delivery to africa under a u.n. brokered plan to unblock grain trap

especially with the nasdaq nasdaq at 123 this morning it is early though chairman jay powell spoke ate con furtfirming thy will wraise rates. let's bring in roger ferguson. the ceo of tiaa and former vice chairman of the fed. roger, if you don't study history, you are doomed to repeat it. it is on everyone's mind and every very interesting piece in the op-ed of "the journal" and looking at the '70s and arthur burns. i wasn't aware he was an accolade of milton free dman. he taught greensspan and is a fan of paul volcker. one of the things after everything that happened is congress is to blame or needs to share in the blame all congress is trying to do is improve the lives of americans with employment and everything else sometimes that causes a lot of printing which the fed has to cover. is that happening again here or has it happened again? >> there's no doubt that we had a period of fiscal stimulus to deal with the chrisscrisis emerged from covid there continues to be debate if that was too much. the most important part of what jay powell had to say was at the end. point number one, f

nasdaq is better nasdaq futures up 1.4% i don't want to call it a tuesday turn around. markets are thin you and me and my team are on vacation markets are in the green we'll take that. >>> we talk about the uk and europe's growing energy crisis on this show a lot of it may just seem like obscure numbers on a screen. what does this per megawatt hour mean it is not. it is a human story what we talked about yesterday in the rbi, many pubs face a reality of forcing to close down over surging electricity costs gas and other energy costs are at exponential highs one gas quote we showed you from the pub showed a 500% jump just from may there is another growing problem. a possible growing shortage of co2. one annoproducer will cease production until the issues are solve. and brewers are warning of business closers across the uk calling for a support package for the government to prevent real and serious damage. joining us now is the director of strategy of british beer and pub association. they represent the signers of the letter of the 20,000 pubs across the uk signed andy, we

nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> welcome back to "the exchange." u.s. companies are bracing for a big tax hit next year with the inflation reduction act. the bill calling for a 15% minimum tax on companies with more than a billion dollars in profits. it could impact everyone from amazon and tesla to moderna, amd, nvidia and even zoom video. joining me now with the breakdown is the chief investment strategist at wolf research it's great to have you back, chris. what's the distinction here between who is likely to be most affected >> yeah, hi, kelly thanks for having me again in terms of who is most affected, they are focused on companies paying low cash taxes perhaps because of stock prices have appreciated a lot over the last three to five years and they have big stock reductions they might have amortization from acquisitions or be doing transfer pricing which makes their global tax rate really low. you see it in some industries and not in others. one last important change they removed last we

nasdaq with 2.5% gains there even the s&p 500 almost re-claiming 4200 it did up, nearly 2% gains there. 1.5% gains for the dow industrials. if you are looking for a place you can see in the market that's really reacting to some of that softer than expected inflation data, it has to be in consumer-oriented companies that could benefit if people had more spending power look at norwegian cruise lines the best performing stock in the s&p today, it's up 13% discover financial, on the consumer spending sigh, credit card issuers, that sort of thing, up about 6.5% etsy and target, and then darden restaurants up 3.5% if people spend less on certain things, maybe they can eat more, travel more, those sorts of thing interest rates, that was the real sign that things may be shifting this is an intraday chart. right here was 2.8%, right before the inflation numbers came out it got as low as 2.67% on the heels of that inflation data it's been steadily moving higher through the course of the day, still, though, it's a sign perhaps that interest rates could be calming a bit if interest rates are gener

about a quarter of a percent, a little bit more for than for the s&p and nasdaq s&p by 0.4%, the nasdaq. yesterday the 10-year rose above 2.8% currently at 2.86% the euro is rising as well the uk yield in particular spiking to the highest level the 2-year since november 2008 after a very strong inflation print. double digitses 10.1%. the short end of the u.s. also rising 2.3 on the oil prices wti has been pulling back of late, around $86 per barrel last time i checked $86.50 and flat this morning >> let's check in on some of your top story this morning. bertha coombs joins us once again with those hey, bertha. >> hey, wilf meta platforms is reportedly outlining how it plans to prevent the spread of disinformation ahead of the elections in the u.s they'll focus on political ads with plans to disable them on the various platforms in the weeks before the november 8th contest. the report says ads that run before the blackout period will continue to run, but they will disable them during that time, including any changes to who they target. meta reiterated it will not allow any posts or ads t

highs for the dow and the nasdaq is up by 92. unity software's board today june anne donovan chicago agree -- unanimously agreeing the $17.5 billion buyout isn't in the best interest of share hold ores. they've asked them instead to vote in favor of unity's planned deal to buy iron source for $4.4 billion. a emergencier agreed upon last month. iron source runs a platform for publishing and scaling mobile games and apps. unity is down 6%. iron source jumping 12%. shares of secondhand retail fashion retailer poshmark is up 40% potential upside for the stock, especially if consumers trade down in a recession. taking a look at poshmark and stock up 18% and shares of automotive sales platform vroom down more than 9%. jp morgan said it's time to sell the company, which shed more than 80% this year. the firm took a bearish stand on the stock. vroom down about 9%. shares of social media company snap is higher by 6.25% right now. company says it's reached a 1 million subscriber mark for subscription service snap chat+. people pay for that

speaking with nasdaq and big tech brutal for tesla, microsoft, apple and ore. the stocks with the heaviest options activity as well losing billions in market value. take a look at some of the declines in all, $237 billion in market value wiped out on monday. with that selloff, bonds got bought and yields rose 10-year treasury back above 3% that should have mortgage rates ticking higher the 10-year treasury at 3.01%. now in the oil market, we are also seeing a move crude oil is on the rise over $91 a barrel here and natural gas is nearing $10 per contract wow. that is some of the highest numbers for nat gas we have seen in years we spoke with the saudi energy minister salman on monday afternoon. it seemed clear to me in our conversation that they believe the oil market may be being manipulated and opec may be ready to defend prices very soon that could include a possible cut. we'll get more on the conversation in a couple of moments. in crypto? bitcoin and ethereum on the rise right now. up 2% and 3% respect iverespect. >>> let's go around the world and see what

that's 9 points, and the nasdaq is down .32.t that long ago when we'd open up 1%, down 1 is % -- lauren: it is august. stuart: exactly. doldrums of summer. big tech on your screen. amazon is up just a fraction. apple, meta, alphabet, microsoft on the downside. now, let's get back to walmart. show me that a one again. we already talked about their earnings. pretty good, i would say. but did they land a streaming deal? hour lauren with paramount. next month walmart plus member members get paramount+ for free. 43 million subscribers, they want to get to 100 million, but they're battling netflix, disney, you name it. well, they're the cheapest option. $5 a month, you get that for free for a year starting next month at wal-mart. stuart: who's got paw patrol? i know it's murphy who's got lots of kids. your kids used to watch it? >> love paw patrol. lauren: i'm pretty sure i have them and their colors straight -- stuart: it's amazing what we talk about. just as the stock market opens, we're talking paw patrol. we want to be entertainin

right now, down 264, s&p down 1% nasdaq down worse than that. the data came in for yields.sumer c

take a look at new 52-week highs and lows on the nasdaq the nasdaq has been the outperformer that's notr of new beg highs but the fact that we have a switch -- multiple days of that would give some credence that this rally has a little durability to it the volatility index sagging further. very, very flat day at the index level, under 22 right here i wonder after we get that jobs number tomorrow and you get the opening market reaction if there's some air pockets below the vix here and maybe we get down toward that 20 level as we kind of settle into range bound summer trading, sara. >> mike, thank you as we head into the close, take a look at the dow. it has been as low as 160 earlier in the session we're down about 100 points. what's giving the most boost, 3m industrials are having a pretty decent day walmart and chevron are the biggest drags. the two worst performing sectors in the s&p are energy and consumer staples the best performing sectors, consumer discretionary, technology, industrials, communication services, all doing well and i mentioned this at the top of the show, it's a go

we'll see if profits are the same the nasdaq hovering around the flat line. eli, thanks for your help today. "the halftime report" starts right now. >>> thank you. i'm frank holland. welcome to "the halftime report." i'm in for scott wapner. stocks pushing higher again. the nasdaq up 20% from its june lows the s&p up 15% from its lows, even the small caps are posting big gains. the question today, is the rally for real or is it one big head fake we'll debate that and much more along with your next money move. shannon sacoccia, degas wright, josh brown stocks are higher after more data eases those fears about inflation. the dow up 150 points, off of its highs of the day the s&p up about a third of a percent. the nasdaq hovering around the flat line, just down fractionally lower the 10 h-year note at 2.87 three months ago it was 3.5. the yield again 2.87 josh, i'll kick it off with you. is this rally for real it seems like we're in the middle point right now are we in a holding pattern? the nasdaq 22% off of its june lows but 20% from its 52-week high the s&p 5

here's the problem for the nasdaq. the yield on the 10 year treasury back pretty close, i'd say very close, to the 3% level. 2.990 that's where you are. cryptos were under pressure. bitcoin around 20,000 bucks, it's actually has it made it, just to 21, 200. ethererum has dropped below or just went back above 1,500 bucks so a little lightning of the pressure on the cryptos but look at this. look at the meme stocks this monday morning. is this a sell-off or what? you're talking bed, bath and beyond down another 15% and amc leading the pack with a loss of 38%. that is a sell-off and a half. politics and the unpopularity of president biden. thursday, he begins a series of visits designed to keep the democrats in control of congress in november. problem is, democrat candidates are walking away from him. they don't want him to campaign with them. fox news has rankings out, may disappoint republicans. it sits modest gains for the gop in november and projects a majority between two and 30 seats, well-below the more optimistic

the dow up 335 and the s&p better by 58 and nasdaq up 225. right now we're looking to cap off quite a week. both the s&p, which is gaining about one and a third percent right now and the nasdaq, which is adding a nice percentage move as well, could snag their 14th weekly advance in a row. you'd have to go back to november of last year to see that kind of weekly win streak. now, the positive moves were fueled by the data revealed this week, of course, that showed consumer and wholesale inflation abating a bit. hey, we're all in at this point. today, look on your screen. we've got that, the first print for august consumer sentiment and it rose to a three month high as consumers appear to accept the fed will most likely continue to hike interest rates to tamp down inflation even more. quelling inflation, the $430 billion spending bill the democrats say will reduce inflation is about to jump its final hurdle. they are discussing and debating it now on the floor of the house before it heads to president biden's desk. this is a live picture of the

the nasdaq on pace to close at the lowest level since august 7th.volatility, fear index popping, investors are clutching their pearls on this monday after five federal reserve bank presidents made it very clear last week that the central bank will continue hiking interest rates even at the risk of recession but as those pearl clutchers stand by the fainting couches let's bring in the "countdown" closer. these guys have money to put to work. internationals sets advisory ceo fred says see all the red on the screen? that is a buy signal. with 400 million assets under management eric friedman says it's a selection set of time. eric what do you think about that? >> we think more volatility downside than upside in the near term. we think to your point it's a huge week with jackson hole speech on friday. we get a lot of economic data on friday. we see bias from the consumer weakening here. a bit more defensive, utilities infrastructure and involved in energy. those are three places we like. we wouldn't be excited to get into tech and consumer discretionary

dow down fractionally, the s&p down 0.5%, the nasdaq hardest hit, chip stocks weighing on the nasdaq down 1.5% that is going to do it for "the halftime report. "the exchange" with kelly evans begins right now. >> thank you very much, frank. hi, everybody. here's what's ahead this hour. are the meme stocks making a comeback bed, bath & beyond shares have doubled. is it actually a good sign for the markets? and this time where is all the cash coming from we will dive into all of that. plus the chips act is signed into law but the chip stocks tumbling for a second straight day and you are seeing the affect on the nasdaq nvidia down, now micron out with a revenue warnings one of the key senators involved about how soon and how much this will actually help u.s. chip companies. >>> and some big movers about to report their results like coinbase, roblox and wynn resorts up double digits this month. will their momentum continue or hit an earnings reality check. that's all ahead for to dom chu with the latest numbers. >> very much in the red right now, as opposed to the mixed picture we saw e

the nasdaq down about .1%. off the lows from june 16, up by almost 20% on the nasdaq.are heading for a third straight week of gains. we are doing that with this kind of move in the bond market. this is what brahma was talking about. a move on the front end of the curve higher, and that is the performance on the equity market. up another basis .2, lisa. the fed did everything we predicted they would do. they talked up a hawkish game. this equity market did not really respond to it. lisa: even as they talked up hawkish news, he saw at the long end of the yield curve, those bonds coming in. jonathan: in the fx market, take a look at euro-dollar. on the euro going into payrolls, looking for $250,000, if you want to check in on the house of sterling, we managed to squeeze out again yesterday. stay little bit of sterling response. some weakness right now, but the headlines in the u.k. this morning on the front pages of the newspaper, unbelievable for this bank of england, brutal. tom: for those of you waking up in america, to describe the frenzy, the heat, the fury across th