i'm wilfred frost along with sara eisen and mike san tolli. nasdaq down 0.5, the russell down 1.4%, all on the sectors were lower, and energy and financials. coming up, hedge fund manage ser joshua friedman gives his outlook for the market. >>> and u.s. open champ. emma raduncanu joe terranova is here, and misha levine mike, we just had a little bounce toward the end >> yeah, so far. every says we've seen it a bit. earnings, revisions to the up side probably have peaked. so all of these excuses seeing the market trying to gather itself, but also the pattern has been, you know, 3%, 4% pullbacks. these things persist until they break, so joe if they get finally this off to a 5% drawdown, or in fact if we get a break of this 50-day average is that where people have decided to put their buy orders in that's what we don't know. until furse notice, i think you have to assume that that's a likely spot where things might get some traction. >> it seems like warm-up big questions is this -- even reflected in cpi today, going to be temporary has the grow

. >> i'm courtney reagan in for sara eisen today stocks took a dip mid session, also weighs on sentiment, a number of fed speakers jobless claims coming in, better than expected. and some big individual moves on earning. lululemon and rh soaring we've got 59 minutes left to go in the session. >>> coming up on the show today, commerce secretary gina raimondo making the pitch to back the reconciliation bill. she'll join us. >>> nfl season kicks off tonight on nbc when the buccaneers take on the dallas cowboys. we'll speak with the ceo of draftkings and meg tirrell has the latest on president biden's vaccine push, but mike, start us off with the market. what are we looking like today >> it's still apprehensive, somewhat twitchy tape so far today's low, we had that flurry of selling, brought us back down to about yet morning's low very, very narrow range. before we were ratcheting up this week we've been going downward this would by the fourth straight down day. getting very compressed in there. yields also arguably get very compressed it seems as if we're on alert for a bigger move, breakdo

i i i'm wilfred frost with sara eisen.nike and costco we will have reaction whether the reports cross. stephanie link and delano is with us and liz ann saunders joins the conversation now your snapshot takeaway on this roller coaster week we have. >> coming into this looking at positioning in the options market particularly retail investors, there was actually a bit of prep that had been done for some sort of pullback and then as they've proven to do consistently in the past year bought the dip in earnest on tuesday and why we have had the rebound we have had and folks watched the 50-day average and monday's swoon down took us below that than we have hit before and now back above that so i think that technical picture is improved, too i wouldn't be surprised to see continued swings like this not to mention a lot of churn and rotation under the surface. >> what happened with bonds today. the 10-year yield 1.42 saw a lot of selling in the treasuries are you surprised the broader market held up especially like technology, nas

i'm sara eisen with wilfred frost and mike santoli down 547 on the dow.en another leg lower there into the close to session lows biggest drag on the dow united health care and only gainers merck and salesforce s&p 500 down 1.19% every sector closed lower on the day. technology did outperform and communication services industrials down more than 2%. for the moths as a whole the only sector to close higher energy materials hardest hit down 7%. couldn't keep the gains into the close. the nasdaq down more than 5% for the month of september russell 2000 index closing down a percent. so that's going to wrap up a down quarter for the dow s&p 500 little changed for the quarter. for the month overall brutal the tech sector holding up relatively well today. is the worst for the sector over coming up, firsthand funds kevin landis if he is seeking value in tech stocks. first stephanie link with us steve sosnick joins the conversation first comment to you, mike wrapping up a pretty ugly month on a down note. >> on a purely kind of tactical how the market's behaving le

i'm wilfred frost with sara eisen and mike santelli.ou closing down by about 50 points essentially a session low. and the high of the session up 343 for the dow and much fourther from the highs than the lows s&p dipped into the red at the close. the nasdaq held on to a .2% gain investors are set for a trio of bick earnings reports. coming up any minute now from fedex, adobe and stitch fix and will break down the results as soon as they are released. steve weiss is still with us and from t. row price. m you're mentioning the fed and treading water what do you think the market rea reaction would be with that hawkish tone from the fed to suggest tapering and a fraction more hawkish than expected >> i think powell did a good job last meeting and since with other officials to separate tapering from a tightening that's the way the market has behaved as if we want the tapering and not true rate hikes soon after that. that's a test tomorrow to see if we buy into that remember, too, we also get the dot plot tomorrow and the committee members' ou

. >> i'm sara eisen, welcome, let's look at what is driving the action in the final hour energy, topforming sector as crude oil gets a bid, prices up around 3%, and chevron is among the dow's biggest winners. microsoft helping the dow after news of a dividend hike, a

i'm sara eisen stocks are under pressure.rformer today, down a full percent as we head into this final hour of trading. >> 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 no

. >> welcome, everyone i'm sara eisen. let's look at what's driving the action 10-year treasury yield hitting levels we haven't seen since june weighing on the growth names. the tech names, faang stocks, microsoft, apple lower fed chair powell and treasury secretary yellen testifying today before the congress about the economy and yellen warning about the konsconsequences of n raising the debt ceiling building on a strong month as brent crude tops $80 a barrel and nat gas jumps strongly today. >>> energy up more than a percent. we have got a big show in just a few minutes a rare interview with ceo jeremy grantham and why he sticks by the call of last year and graets voices to help navigate the selloff including tony guyer, jeffrey sherman, liz ann sonders and rick ryder >> great market voices there fist let's get to the big stories. mike santelli tracking the selloff. steve liesman with highlights from the senate testimony. mike, pretty broad market and focus on tech. >> yeah. absolutely broad this was not a typical clean

i'm wilfred frost along with sara eisen and mike santoli the cnbc commentator.a quarter of a percent or so. utility's the only one up, more than 1%, whereas four sectors were in the red. coming up, former pepsico ceo indra nooyi on whether she's in favor of raising corporate taxes to fund initiatives that help working families such as universal childcare. >>> plus, we are awaiting a vote in the house to raise the debt limit. we will bring you the results as soon as that vote is complete. josh brown ceo is still with us. and a professor of finance jeremy segal joins the conversation as well mike, i'll come to you first a nice rally we were talking about at the top of the show that started at about 2:00 p.m but all of that, the nasdaq closed in the red. >> on the thinner side, i do think we saw the fact of the big index names in the nasdaq. banks up 1% today. industrials, you know, on an equal weight of basis up 0.4%. it wasn't that nasty a story inside but i also think it was pretty much kind of a neutral result here for the overall market. you did not find peopl

ize's spoke with the ceo and joins us to explain what exactly that means, sara eisen >> reporter: goodnot just another esg announcement it's what they call an end-to-end strategic transformation, basically changing how pepsi markets products to consumer, how it innovates, builds up the supply chain. it takes sustainability from a policy and puts it into all the company decisions. the ceo says consumers want it now and wants investors to understand pepsi sees it as a competitive advantage hoping to outperform others who want to know where the potatoes in their lay's potato chips were grown, for example. net zero by 2040 net water positive by 2030 la guarda told me executives will be held accountable for this. >> make sure where consumers, investors know exactly where we are in the journey we want to be completely transparent. we want people to be part of our journey, part of how we run the company. rear not waiting until 2040. we're going to make strong steps along the way, and a lot of these goals are actually of 2030 much closer in time. >> reporter: part of my question, all of these

i'm sara eisen here at new york stock exchange major averaging trying for a turn around tuesday but givens. disney especially weighing on the dow with late breaking headlines. >> we are positive as we stand i'm wilfred frost. have a look at what's driving the action the fed meeting. treasury yields a bit higher following the drop as investors await guidance the industrial sector is the beingest

. >> i'm morgan brennan in for sara eisen what is driving the action today?de back above

see you tomorrow >>> thank you, kelly and tyler i'm sara eisen the nasdaq picking up where it left offmber and mike, hitting a record high. >> i'm mike santoli in for wilfred frost. let's look at what's driving the action the nasdaq is on top, among big cap indexes led by a pop in chinese internet names apple is higher as well. that stock hitting

see you tomorrow >>> thank you, kelly and tyler i'm sara eisen the nasdaq picking up where it left off last month, this first day of september and mike, hitting a record high. >> i'm mike santoli in for wilfred frost. let's look at what's driving the action the nasdaq is on top, among big cap indexes led by a pop in chinese internet names apple is higher as well. that stock hitting a new all-time high. the latest adp report keeping sentiment in check ahead of friday's jobs number payrolls rising by 374s ,000 in august and energy is the weakest sector today. devin energy, marathon and diamondback among today's decliners. 59 minutes left to go. s&p up 0.7%. >> coming up -- online pet retailer chewy is gearing up to report results after the bell. it is up 20% just in the past month. lagging on the year. we'll break down the quarter and latest pet trends with sumit singh. first up, straight to the market mike tracking all the action at the telestrator. and joining us with his outlook is mark mobia. mike, set us up what you are watching in the market kind of a split day. >> yes, definitely

. >> i'm in for sara eisen let's look at what is driving the action the industrial sectors the biggesto

. >> i'm sara eisen, welcome, let's look at what is driving the action in the final hour energy, top performing sector as crude oil gets a bid, prices up around 3%, and chevron is among the dow's biggest winners. microsoft helping the dow after news of a dividend hike, a $60 b $60 billion buy back program and china remains in focus, amid concerns of slowing growth and increased regulation casino names getting slammed again on news of more scrutiny more on that in a moment 59 minutes left to go in the session. >> coming up on the show today, a can't miss exclusive interview with the ceo of pepsico on the company's new sustainability initiative which it calls an end-to-end transformation of how it operates. it's the first ever tv interview, plus the ceo of columbia sportswear who is at the white house for today's meeting on vaccine mandates will get his first take on the conversation with the president. >> let's focus in on the big stories we are watching this hour mike santoli tracking the market action as always, contessa brewer on the bust for casino stocks what are you focused on i

i'm sara eisen stocks are under pressure. nasdaq is the underperformer today, down a full percent as we head into this final hour of trading. >> 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

thank you, kelly i'm sara eisen stocks trying for a comeback after tuesday's tumble but it's been ansion. dow and s&p are near highs >> atreasury yields resuming muc higher after a dip this morning. that's weighing on the nasdaq. defensive names seeing the most

i'm sara eisen a new apple lineup hasn't been enough to boost the market today.are deep in the redheading south, as we head into the final hour of trade a look at what is driving the action today bank stocks are under pressure

. >> welcome, everyone i i'm sara eisen uncertainty of the debt ceiling and the infrastructure bill weighing manchin saying this afternoon the most to spend on a reconciliation i

. >> i'm courtney reagan in for sara eisen today stocks took a dip mid session, also weighs on sentimentrs

i'm sara eisen recouping the losses from monday's plunge.nto this final hour of trade. >> i'm wilfred frost a look at what's driving the action today easing fears around china and the taper plans to drive the rally. treasury yields jumping giving a boost to the financial sector. salesforce giving the dow a boost after raising the

. >> i'm courtney reagan in for sara eisen treasury yields are popping again together with the 10-year

. >> welcome, everyone i'm sara eisen.at what's driving the action 10-year treasury yield hitting levels we haven't seen since june weighing on the growth names. the tech names, faang stocks, microsoft, apple lower fed chair powell and

. >> i'm morgan brennan in for sara eisen what is driving the action today? energy by far the top performing sector crude back above $70 names like cabot and occidental are up today the job less claims is the lowest level since the part of the pandemic that's ahead of tomorrow's jobs report retail stocks are making a moving we have more on those straight ahead. we have 59 minutes left to go in the trading session. wilf >> a big show coming up. as always, we'll speak with bank of america's head of retail about the state of consumer and whether the delta variant is hurting the numbers he's seeing. >>> and the ceo of first center on the impact of extreme weather. >>> pike santoli is tracking the market action. ylan mui has a look at whether the infrastructure bill will address some of the problems that this week's flooding has brought to light >> we're idles ahead of the jobs number some upwards drift between about 45.20 and 45.40 area, so it seems as if we're flattening out before we get the jobs number before, and the start of month flows, which maybe you with

if you are just joining us, i'm sara eisen here with mike santoli and wilfred frost.y unitedheath, goldman sachs and boeing the biggest contributors. we were able to brake the five-day losing streak it was really value over growth today, but technology did finish in the green, nasdaq almost positive into the close. you did see some strong finishes for google, apple, microsoft, te tesla. >> rustle 2000 with a back -- it's been the recent loser investors are awaiting oracle. that stock has been hot this week we'll break down the results as soon as they are released. >>> plus, match group applauding the ruling, the epic gains cfo and c.o.o. gary widler on how that will impact match and why the counmpany is urges countries around the world to bring regulation into the modern age. >> i would say a pretty mild bowen systems most stocks did find a bit of nibbling dow is down a little over 1,000 points that's kind of the zone we're in now. also, the cpi number tomorrow, maybe people are making too much of how much of a market mover, but it is absolutely the number of the week

. >> i'm in for sara eisen let's look at what is driving the action the industrial sectors the biggest loser on the s&p, also deere, crypto getting crushed as well, as el salvador begins accepting cryptocurrency as legal tender >>>. >>> pluses the ceo of skillz or e.p. is very excited about it we have a news alert, first of all. it's on ford phil lebeau has more for us. >> ford announcing a big hire. doug field, who is at apple and is centered around all of their plans when it comes to what they may or may not do in the future with regard to an automobile, he's going to be leaving apple and joining ford in fact, he has joined ford. he will be in charge of advanced vehicle technology at ford this is a key hire and big win for jim farley, as he builds out the team that the not only by further developing electric vehicles, all autonomous vehicles in the future again, doug field, a longtime executive at appearing,'s they were developing automobile plans for the future, never fully div divulged, as well as working in the past at tesla. no d no doubt he will be key to mapping out the future

. >> i'm courtney reagan in for sara eisen treasury yields are popping again together with the 10-year up to 1.426% tech underperforms energy stocks get a bid. the energy sector up 5% on the week and crypto is crushed as china ramps up the crack down on the space. all deep into the red. we have 59 minutes left to go in the wild trading week. >>> coming up on today's show carnival near the top of the s&p 500 after results this morning and a positive outlook arnold donald will join us and the rapid rise in treasure yields and whether that will continue and then dan niles on the wild trading >>> let's focus in on the big story that is we are watching today. meek santelli is tracking the market action for us and joining us to talk about the crack down is bradley tusk. what are you watching today wrapping up as wilfred referred to a wild week >> this is the day where stability and flat indexes are the news because we did have another little mini shock culminated monday afternoon. 3% rally from that monday low and another what looks like a "v" on the chart but where it stopped is a consequen

out pep positive what the company is calling a strategic transformation around sustainability and sara eisen, sara. >> reporter: hi, good morning, joe. it's not just another esg announcement it's what they're calling an end-to-end strategic transformation built around sustainability that will change how pepsi markets products to consumers, innovates, builds out its supply chain it takes sustainability from a policy and puts it into all the company decisions and the consumer outreach. because pepsico says he wants consumers to see they want that. he's found that in the research. he wants investors to see pepsi sees a competitive advantage by appealing directly to consumers who want to know, for instance, where the potatoes in their lays potato chips were grown. another example of how the ceo says they will operate in the day-to-day business come from the bubly sparkling water brand. >> it's already a no plastic brand. zero plastic we are making it available for our soda stream business there we're eliminating not only the plastic but we're eliminating the co2 that gets generated by moving the

now they're chanting i'm sara eisen, and mike santoli.l street 1% near the highs of the session. we got to the highs a few times post-fed statement at 2:00 p.m then a little bit later during the news conference of fed chair jay powell where he did indicate the taper is coming soon the s&p 500 rallying 1%. best day we've seen here for the markets since july, july 20th, 2021, last time we saw a gain this big s&p 500 seeing some broad strength as well with every sector closing higher. energy the leader. financials did well. utilities and communication services just ending negative on the day. technology also had a good day the nasdaq closed off by a full percent as well. and small caps up 1.5% 100 points higher since 3:15 on monday when we saw that big, big selloff on some fears of china, a hundred points for the s&p one of the big winners on wall street today after reporting an unexpected quarterly profit. the company's ceo will be here to break down the results. >>> plus, we are awaiting earnings from blackberry and kb home this hour we'll

i'm morgan brennan in for sara eisen. stocks do settle here. dow finishing down 69 points or about 0.2%. the s&p finishing down marginally lower, down by about 6 points 4514 is the level there. and the nasdaq, after days of outperform afinishing down about 0.6% the russell 2000 small caps, big underperformer of the day down 1.1% in terms of the biggest laggards in the s&p, it was energy and materials and utilities the biggest outperformer still to come, larry fink, ray dalio and george soros debating the merits of investing in china. >>> also hayman capital's kyle bass who will weigh in on the comments and give us his own china strategy >>> plus, minutes away from earnings from lululemon, gamestop and rh. we'll break those numbers as soon as they cross josh brown from ritholtz wealth management is here and gabrielle santos is joining the conversation as well >>> first, mike santoli, we go to you and your take, especially given the fact we have had some commentary, particularly from some of the industrial names over the last couple of days raisi