i'm scott wapner front and center this hour, ugly apple. why the biggest stock in the market, which is also the worst performing mega cap of the month could hold the key to everything right now. we'll discuss and debate the road ahead with the investment committee. joining me josh brown, jenny harrington and capital wealth planning cio kevin simpson everybody here at post 9 good to have everyone here take a look at stocks, we're red across the board here. 10 year, 4.31. apple, too, for that matter. my bottom line, josh, until rates and apple stabilize, the market is not going to stabilize. >> i think the big picture thing to bear in mind is what we're seeing this month is wholly of a piece what typically happens in august, what typically happens august in the third year of the presidential cycle, and coming out of an earnings season that, quite frankly, was not great but not terrible and better than expected on a lot of fronts. you had stocks run up into that better than expected earnings in most cases and then you had profit taking. buy th

i'm scott wapner front and center this hour, ugly apple.st stock in the market, which is also the worst performing mega cap of the month could hold the key to everything right now. we'll discuss and debate the road ahead with the investment committee. joining me josh brown, jenny harrington and capital wealth planning cio kevin simpson everybody here at post 9 good to have everyone here take a look at stocks, we're red across the board here. 10 year, 4.31. apple, too, for that matter. my bottom line,

i'm scott wapner. reaction to the fed chair's speech what it means for the markets and your money in the months ahead. the investment committee debating all of that. joining me for the hour today, karen firestone, joe terranova, jim lebenthal, rob sechan. let's check the markets. we've been all over the map. the dow is positive. the s&p is fighting it out, up 1.5. the nasdaq is negative. yields have since moved higher. i think i saw 4.25 on the ten year. joe, we're parsing every word. we knew we would. what's the market reaction? >> we had two catalysts this week and we're 0 for 2. still a sell the reits market, the market had already priced in exactly what he said. the market realizes that the risk is that the economy stays longer than the federal reserve is comfortable with, and that they're going to have to raise rates further. that's what the treasury market has been telling us. >> you're hanging on the persistent signs of above trend growth to put progress on inflation at risk and warrant further

i'm mike santoli in for scott wapner this make-or-break hours has the bulls fumbling the ball, unwinding for the morse part, and ongoing pullback in the semiconductor stock as well. the s&p 500 was up 1.3% at the morning highs. we lost one percentage point off that rally just a few minutes we'll hear from francisco blanch we welcome cal ron causing and keith lerner, both here. good to see you both we can frame this, cameron, as this is perfectly routine, the s&p had a total return of 20% in just, it's very normal if it's a bull mark to have this happen, maybe even something deeper. on the other hand, we haven't benefited from further evidence that maybe we have an economic soft landing so take your pick. >> i think it's the combination of all those things. we think it's probably right to start asking the question, did he wit the valuation ceilings. they were up 50% from the october lows, so how much further could they run the certain aspect is yes, we've had the earnings beat, but they haven't resulted in earnings revisions higher, soens comer in better than expected, but we're not raisi

i'm dom chu in for scott wapner today. front and center this hour, it's the debt downgrade and what it means for your money our investment committee is standing by to break down the fallout plus some major moves from one specific committee member joining us bryn talkington, joe terranova, jason snipe and steve weiss rounds out the lineup. let's get a check on the markets right now. we are down decidedly. the dow industrials down 250 points the s&p down around 60 roughly 328-point drop this is a market we haven't seen in a while bryn, maybe we'll start with you on whether or not this is the beginning of something great or just the pullback to cool off the jets for the time being. >> i think now we can say it's a pullback technicals were saying we were overbought, which we had been in july august, as you have talked about all week, has not been a good month typically for stocks i think this is a breather i want to say talking about the debt down grade, thank you fitch, thank you finally someone says what needed to be said is

i'm scott wapner at the new york stock exchange this make-or-break begins with nvidia's bounceback. is it a sign that the big tech sell-off is over that question, as the sector gets a much-needed boost today here's your score card with 60 minutes to go in regulation. the dow has been fighting it out all day long stocks have been green for much of the day the s&p trying to afford the fourth down day of the last five the ten-year hitting the highest level of the year today. 4.2% it has pulled back off that, a little bit, as you see there the nasdaq down for two-straight weeks. this takes us to the talk of the tape whether it has room to go. chip investors stepping up and buying today, after the call on nv nvidia kristina is following that today. it's been a nice bounce. >> 6%, nice bounce the narrative is buy now that's what morgan stanley and bank of america is saying about nvidia shares. they're calling that an entry point for many, especially with earnings on next week. nvidia is only serving half of the demand in the a.i. market. that's enough to rodrive revenu. they think q2 of $

i'm scott wapner alongside joe kernen and steve liesman. >> we have to come up with three names. three men and a baby? m manny, moe and

i'm joe kernen along with scott wapner and u.s. at 2.296. what was the high, 435 or something? >> last week, right? >> yeah, that the two-year hasn't just summerrged up to 5. something. >> i do want to tell you, joe, i met a golfer. >> you did, uh-huh. >> somebody who i'm sure you revere. >> i can't tell you that it was an off the record comment this person made to me who said he likes fly fishing way more than golf. that was off the record. >> why can't you reveal the golfer and just not the message. >> because he asked -- a famous golfer. >> can you give me an idea? >> i can't, i can't. >> what's his age. what's his approximate age? >> he's older. >> so he's like one of the legendary golfers. >> and i think it would be bad for his business to know he likes fly fishing. >> he has a business. >> i just gave that away. >> let's keep talking about this storm, tropical storm hilary drenched southern california from the coast to inland mountains and deserts last night prompting rescues from swollen r rivers. millions are racing from mo

i'm scott wapner stocks up, yields down, and now all eyes on nvidia which reports earnings in overtime out what is really at stake for your money joining me for the how steve weiss, liz young, and joe terranova. let's check the markets here and show you what we're doing. yields falling back. manufacturing, pmi was weak. stocks are higher. the nasdaq is leading up 1.5%. now all the marbles, joe, are on nvidia, which you own, which you bought at the end of april in your rebalance

i'm scott wapner live from post 9 here at the new york stock exchange this make-or-break hour, despite the nvidia blowout and what that might mean ahead of tomorrow's key speech from jay powell rates up today ahead of the comments investors on edge about what he might say and what all of it might mean in the months ahead take a look. the dow weighed by big moves in disney and boeing and walgreens and intel. we'll watch the stock in this final hour to see if it closes positive or negative you see the stock is still green. that's been a probably watching 4400 on the s&p brings to us our talk of the tape, the message with stocks struggling through a tough month and about to head into a seasonally tough stretch what is the best way to position for whatever happens next? let's ask joe terranova, a cnbc contributor. welcome back good to see you. we said there are two massive events this week nvidia was the first one to get through. you check the box. we now turn our attention towards jackson hole what do you make of this market? >> you told us last week when you returned it was a sell the ri

, the commodity bounce as well >>> let's get to frank holland in for the judge >>> i am in for scott wapner the question is today's bounce for real or just one giant head fake our investment committee is standing by. joe terranova, shannon, jason snipe and jim lebenthal. we're looking at the market, the s&p up over half a percent the nasdaq tipping between negative and positive in the last few hours, and right now it's fractional lehigher, and the dow fractionally higher. >>> it's a larger conversation this is about mega caps as well, because tesla is down 9% over the course of the last five days and apple down over the last five days. the way the strategy owns apple and tesla, i like it we're equal weighted we don't have the significant exposure i think that's an important question for investors right now, what is your actual exposure in your portfolio to the mega caps, because as it rallied it has statistically grown further. i believe in being equally cap weighted and now specific to the fund mentals and the technicals of apple, where are we right now with apple we are pulling back withi

i'm scott wapner at the new york stock exchange this make-or-break begins with nvidia's bounceback.sell-off is over that question, as the sector gets a much-needed boost today here's your score card with 60 minutes to go in regulation. the dow has been fighting it out all day long stocks have been green for much of the day the s&p trying to afford the fourth down day of the last five the ten-year hitting the highest level of the year today.

i'm scott wapner live from post 9 here at the new york stock exchange this make-or-break hour, despitea blowout and what that might mean ahead of tomorrow's key speech from jay powell rates up today ahead of the comments investors on edge about what he might say and what all of it might mean in the months ahead take a look. the dow weighed by big moves in disney and boeing and walgreens and intel.

i'm mike santoli in for scott wapner this make-or-break hours has the bulls fumbling the ball, unwindingor the morse part, and ongoing pullback in the semiconductor stock as well. the s&p 500 was up 1.3% at the morning highs. we lost one percentage point off that rally just a few minutes

>>>welcome to "closing bell "qwest i'm mike santoli in for scott wapner at the new york stock exchange this make or break hour starts with a mild disturbance with a reminder of retail bank challenges and a growth out of china overnight wobbling the tape and you have debt options and tame bond yields and apple shares have all got the index as well off their lows as we head into the close which brings us to our talk of the tape. is this a routine mid-summer pullback to help us digest gapers on the start of a more setback? here to discuss all of that is lauren goodwin, senior director of multiasset mfrl strategy. lauren, good to see you. >> good to be here thanks for having me, mike >> want to go back to just about a month ago right before the previous cpi report, right july 12th. the s&p 500 within 1% of where it is right now and the 10-year treasury yield at 4% where it is right now. when we got it, it was a bit of a kick-start for the late july rally and now we've given it back what is the status right now in your mind of the landing and the economic scenario and how much of that the m

i am frank holland in for the judge scott wapner so is it a summer sizzler or will investors give burn we turn the page on a new trading month. our investment committee is standing by to tackle that question and much more joining us we have josh brown, stephanie link, jim lebenthal, and liz young. but first, a check on the market at noon eastern. right now the dow just creep right back into positive territory, fractionally higher the nasdaq just about the same looking at the ten-year net, the highest level since july 10th. a new month for stocks take a look at how the dow historically does in august. on average the best performing month of the year, after '86 all that changes and august is now the worst month of the dow an underperformer for almost the last 30 years. that sets us up for the first trading day of august, stephanie. what do you think? are we in for a decline in the markets based on historicals or something else that could keep the rally going? >> we've come a long way in year to date in all the averages. it wouldn't surprise me. i'm encouraged by the economic data we're s

i am dom chu in for scott wapner front and center this hour, the $4 trillion test for the market. that is what is on the line as we await key earnings from apple and amazon could those reports turn the tide for that tech trade for the hour at post 9 josh brown, brenda vingiella, jim lebenthal and bill baruch. a check on the markets right now. as we just pointed out to you the nasdaq is dticking ever so slightly in the green. down just a tenth of 1% in the s&p, 4504 was the last trade there. this is an interesting move only because there might have been folks who believe it could have been the precipitating factor for something much worse, even so today josh, it didn't look like it was going to be massively down but did accelerate into the close. >> okay, we're down, but what's down the most? it tended to be the stocks up the most on the year he was on with you yesterday and calling it an upside-down day. some call it an inside-out day it was counter trend you had stocks, the top 20 performers in the market up an average of 23% you also saw a lot of pain in higher yielding stocks,

i'm scott wapner front and center this hour, the state of stocks, china weakness, that's a play today. the rise in yields here all weighing on sentiment. the investment committee debating the road ahead for your money. joining me josh brown, steph link and joe terranova check the markets. we're red across the board today. and we do have a number of issues yields have been rising. there's china weakness today we're asking josh how much that matters. as the markets a couple weeks in a row have been rocky and where we may be going from here. >> yeah, if we finish this week the way we've started it, it will be the third week in a row we've given more gains back. the reaction being sell the news report the earnings that everyone was excited about and rally another 10%. to me it's unnecessary if you look at august generally and even august based on the presidential cycle in the third year in 2023, this is all very standard this kind of action. that's where i am on it. as far as the china stuff, china has been a slow down and they've had a lost decade in their stock market and i know they're

i'm scott wapner. front and center this hour, the late summer rebound. stocks continue to rally back from their august upset. the investment committee debates what the fall might hold. josh brown, shannon saccocia, with us. we're hanging on to gains here. 408, the yield on the ten year. josh, the final trading day of the month, a tail of two months. the start of august to the low was down 5.5%. now the month to date decline we've been clawing our way back. have the bulls rest ld the market back again? >> i think the answer is yes but it's predicated on the second half of the year. one of the strongest points was, yes, earnings weren't great but better than feared and maybe they are troughing or getting help from larger tech companies. but that's what you have to believe. i think it can. i'm most kurnd now, though, about the consumer. and i think when you look at belowups, there have been a lot. i don't like the accompanying commentary and what it might mean going forward because these types of things typically don't happen as one-offs. usually when you s

welcome to "closing "closing b" i'm brian sullivan in for scott wapner a pick-up in inflation raising questions where the federal reserve goes from here overall, 90% of companies reported earnings. so far nearly 80% beating expectations brings us to our "talk of the tape" top of the hour. why can't the bulls take more control? for that, welcome in stephanie link, hightower chief investment strategy, cnbc contributor and pretty good golf i'm told. >> hmm not so much. >> good to have you on how do you review inflation data and did it change any of your expectations about race, the fed, the markets and -- >> it didn't change my thoughts. we are making progress, though, brian, on the numbers. right? look at, say, cpi, 4.7% year over year, 6.6% at peak. making progress. the problem, rents are still sticky, 99% of cpi shelter. >> and increased .5 from .4 number is getting to 2% where the fed wants get to to for cpi. a long ways off. then look at, by the way, you follow energy really close right? look at ppi numbers today. acceleration month over month in headline number. nots even including

i'm scott wapner. front and center this hour, another tough week about stocks.how far this creeks might go. the investment committee debating your best moves in this still unsettled market. joining me for the hour today our investment committee, kari firestone, steve weiss, josh brown and brian belski here on set, too, happy to have him. check the markets. dow is positive, 65 points. the s&p is now green as well.e i

i'm scott wapner the question of the hour, have we been in just a mild correction for stocks or the start of something bigger? the investment committee debating that issue today, joining me for the hour steve weiss, joe terranova, kari firestone and jim lebenthal. let's check the markets. we are green on the dow. negative on the s&p and the nasdaq we lost a little bit on the dow. joe, some technical issues we've been dealing with, the s&p below the 50 day yesterday at the close, the russell below the 50 day as well. weekly losses for small caps then what the guys were talking about the last hour the atlanta gdp, 5.8% is what they're looking at the ten year back higher, all put into the stew of how we're supposed to think of where stocks go from here. >> the question for the viewer is, is the correction in its nature going to be deeper in the sense of what we witnessed in 2022 or similar to 2019? there are two time periods to guide investors through what i believe will be in 2023. very obviously you had an adversarial federal reserve, and the market declined from august 16 through october

i'm scott wapner stocks up, yields down, and now all eyes on nvidia which reports earnings in overtime tonight the investment committee laying out what is really at stake for your money joining me for the how steve weiss, liz young, and joe terranova. let's check the markets here and show you what we're doing. yields falling back. manufacturing, pmi was weak. stocks are higher. the nasdaq is leading up 1.5%. now all the marbles, joe, are on nvidia, which you own, which you bought at the end of april in your rebalance and now the pressure is on because this could determine whether this august swoon bleeds into the fall or not >> this company has the ability to change the game with one swing and it's already done that if you go back to q2, look at the performance from the beginning of the quarter from may 24th, the day nvidia reported the s&p was only up 14 basis points subsequent to nvidia reporting, rallies 38%, the s&p rallies 8% until the end of the quarter this, without question, is going to be a potential catalyst for both price and time. we are in a seasonally weak period if you'r

i'm scott wapner. front and center, stabilizing tech with the nasdaq now up five of the past six days and outperforming again today. is that trade back? we debate it with the investment committee. joining me josh brown, stephanie link, jim lebenthal. we'll show you the markets. carl just said we're working on a good day, jolts.o.l.t.s. miss confidence missed, no big shock. that's the way it is, that things have been, as we wind down the worst month of the year for the s&p heading into today. the worst month of the year, but, i don't know, maybe the tide is turning. what do you think? >> tech is actuallyup 5% and that's 35% of the s&p 500 if you include com services. i get it. they got oversold. scott, xlk is still up 38% year to date. i wouldn't be surprised to see some consolidation. what i have been encouraged by is the broadening in the market. in the past month the xle has outperformed the xlk by 770 basis points. and the xli, the industrials, outperformed the xlk in the past month by 200. the j.o.

i'm mike santoli in for scott wapner here at post nine at the new york stock exchange.hour begins, the stocks atempting to find their footing today in the face of fast rising treasury yields, morning dip in stocks finding buyers in the s&p 500 just below the 4500 level as another blast of big tech earnings and jobs report await you see the major indexes pretty much flattish going into those

. >>> welcome to "the halftime report" in for scott wapner.enter, the state of the tech trade as bond yields retreat and investors digest the latest batch of mega cap earnings joining us for the hour, shannon, jim, brandon and steve. our chart of the day amazon just amazes. the stock having its best day of the year and blowout results, sales growing double digits as the company posts its biggest profit beat since 2020 it's up 11% today. steve weiss, you're in this one. what are you inclined to d

i'm scott wapner.d center, the state of stocks and whether a rough august is a precursor now of an even tougher stretch this fall. the investment committee debating your money. joining me josh brown, stephanie link, jason snipe and shannon saccocia. a check on the markets. the dow down 130, pretty much the lows of the day. the s&p down 6.5. the nasdaq was strong. not so much right now, a quarter of a percent. i guess we'll take it. steph, retail tough -- macy's, di's

i'm courtney reagan in for scott wapner stocks retreat as the banking sector gets battered with a downgradee standing by to break down the fallout. joining us josh brown, britain talkington and stephanie link. a check on the markets to see where we stand before we dig into the details the dow jones industrial average, the s&p 500 and the nasdaq lower the nasdaq is lower by the biggest percentage, down 1.5%, same with the s&p 500. we have the

i'm scott wapner front and center this hour, the state of stocks, china weakness, that's a play todaye rise in yields here all weighing on sentiment. the investment committee debating the road ahead for your money. joining me josh brown, steph link and joe terranova check the markets. we're red across the board today. and we do have a number of issues yields have been rising. there's china weakness today we're asking josh how much that matters. as the markets a couple weeks in

welcome to "closing bell," i'm scott wapner live from post 9.r break hour begins with suddenly surging tech, and raising the question once again if this is the safest place to be in stocks. your score card now with 60 minutes to go in regulation. take a look at the nasdaq first because it is outperforming once again. 2/3 of 1%, how about apple, back above its 50-day moving average. nvidia back towards a new high, tesla, well, it's negative now, still up almost 10% in a week. more broadly, energy and consumer discretionary sectors

i am frank holland in for the judge scott wapner so is it a summer sizzler or will investors give burnon a new trading month. our investment committee is standing by to tackle that question and much more joining us we have josh brown, stephanie link, jim lebenthal, and liz young. but first, a check on the market at noon eastern. right now the dow just creep right back into positive territory, fractionally higher the nasdaq just about the same looking at the

i'm scott wapner.ction to the fed chair's speech what it means for the markets and your money in the months ahead. the investment committee debating all of that. joining me for the hour today, karen firestone, joe terranova, jim lebenthal, rob sechan. let's check the markets. we've been all over the map. the dow is positive. the s&p is fighting it out, up 1.5. the nasdaq is negative. yields have since moved higher. i think i saw 4.25 on the ten year. joe, we're parsing every word. we knew we would. what's

welcome to "closing bell," i'm scott wapner this make or break hour begins with the countdown to one of the most highly anticipated earnings reports arguably ever. nvidia set to report in overtime the stock one of the best performing of the year and so emblematic of the enormous hype around ai. we'll get you set up for what may happen tonight here's your score card with 60 minutes to go in regulation. the story today is simple, a drop in yields means that picture is green, a rise in stocks the dow getting a boost from tech names like apple, microsoft, intel, all three helping the nasdaq outperform today. rates, no t story after another read on m manufacturing comes in ugly. that part of the economy is not doing so hot >>> and look at that foot locker, ouch. down 30% worst day ever that after earnings disappointed and the ceo warned of slowing consumer trends. what does today's report from nvidia mean to your money this week ahead we have adam parker, founder and ceo of triveria research brin tarkenton, a shareholder of nvidia stephanie link, chief investment strategist at high tower

i am dom chu in for scott wapner front and center this hour, the $4 trillion test for the market.the line as we await key earnings from apple and amazon could those reports turn the tide for that tech trade for the hour at post 9 josh brown, brenda vingiella, jim lebenthal and bill baruch. a check on the markets right now. as we just pointed

i'm scott wapner at the new york stock exchange. this make or break hour begins with the markets new found momentum and two big questions about it. is it real and can it last? it comes with stocks on the rise again, just as a tough month about to end. here is your score card with 60 minutes to go in regulation. green across the board. good gains too. the dow getting a big boost today from the likes of verizon and intel, goldman sachs as well. apple higher. speaking of apple, tech outperforming today with several of the biggest names in the index seeing nice gains. meta and microsoft, alphabet and nvidia higher and how about another big jump for tesla. look at that. almost 7%. interest rates, good part of today's story too. a couple of key reads on the economy came in a little lighter than expected and that pushed yields lower almost across the board, ten-year at 412. the talk of the tape. is the correction over? was that it? our stocks now poised to buck the historical trend and get back to gains as we turn the calendar to september

i'm scott wapner. streaking stocks, the major averages continuing to erase their august losses. the investment committee on what all of this means as the calendar turns to september. joining me steve weiss, bryn talkington, joe terranova, kari firestone. we've been all around the way a little bit today but we are green now and we're at the highest levels since august 10. the s&p 500 was down 5.5%. we're only down 1.5% now. we're scratching and clawing our way back. >> we talked about the other day the most important data point is what's going on with bonds, with the two year and the ten year. and what drives bonds, economic data. the economic data, unlike what the atlanta fed is saying at 6%, we know is not going to happen, is continuing to get softer and softer. this is good news for the economy right now as long as we can continuing to glide down and soften out. >> yields, to your point, the two-year lowest level since august 11, the ten had-year back at 4.10. it wasn't that long august we were talking north of 4.30 on the ten year. the market gets nervous, the s&p was down 5.

i'm scott wapner live from post nine the make or break hour begins with the hunt for momentum whethertle it back from the bears, stocks are rallying as the final stretch to august gets going there's your scorecard dow looking for rare back-to-back gains, so far so good 3m the big winner along with a nice bounce for goldman and nike, which recently ended its historic losing streak a drop in yields helping stocks broadly today. the industrials,

. >> thank you very much, carl mike santoli welcome to the halftime report i'm in for scott wapner thisollowing today's cpi print. did today's report give fresh oxygen to the bulls? we have weekly jobless claims as well our committee is standing by to weigh in and tackle that question joining us for the hour on set at post nine, josh brown, jenny harrington, and jim lebenthal. let's get a check on the markets at noon eastern time we are seeing green on the screen across the board.

i am dom chu in for scott wapner today. our investment activity is joining me, joe terranova, and jim laboren thaul, and bryn talkington and steve weiss as well. if you look now, the dow industrials are down 227 points and that's two-thirds of 1% in terms of declines, and the s&p 500 off about five points, about 0.1 of a percent there. all of this is being framed around your number or price or any kind of theme for the day, and that is rising interest rates. as you see on the bottom of screen there, the benchmark ten-year treasury note is currently at 4.34%. the reason why it's important is because it's the cycle high, and not just a cycle high for this time around, because the highest level we have seen going back to 2007, before the great financial crisis, that's how far you have to go back to see ten-year yields at this point, and i bring up the great financial crisis, and i am not saying that in any way that we are due for another great financial crisis, but it represents a real paradigm shift of a sea change in the way

i'm scott wapner.w up five of the past six days and outperforming again today. is that trade back? we debate it with the investment committee. joining me josh brown, stephanie link, jim lebenthal. we'll show you the markets. carl just said we're working on a good day, jolts.o.l.t.s. miss confidence missed, no big shock. that's the way it is, that things have been, as we wind down the worst month of the year for the s&p heading into today. the worst month of the year, but,

i'm scott wapner. front and center this hour, another tough week about stocks. a question how far this creeks might go. the investment committee debating your best moves in this still unsettled market. joining me for the hour today our investment committee, kari firestone, steve weiss, josh brown and brian belski here on set, too, happy to have him. check the markets. dow is positive, 65 points. the s&p is now green as well.e rear, and that's the way it's been. josh, you have some technical difficulties, as we would say, dow, s&p, nasdaq below their 50 day moving averages yesterday, momentum has dried up, the third negative week in a row. the russell is not doing well. you can sort of pick the area of the market you want to pick on, because there are a lot of places to look at. >> i've been in the camp this is seasonal and what you should expect in the month of august, and i have a million charts that back that up and i'm not ready to move away from that argument if things get materially worse, i may be forced to rethink that. i do not think this is about, all o

, the commodity bounce as well >>> let's get to frank holland in for the judge >>> i am in for scott wapneron is today's bounce for real or just one giant head fake our investment committee is standing by. joe terranova, shannon, jason snipe and jim be

i'm scott wapner the question of the hour, have we been in just a mild correction for stocks or the startssue today, joining me for the hour steve weiss, joe terranova, kari firestone and jim lebenthal. let's check the markets. we are green on the dow. negative on the s&p and the nasdaq we lost a little bit on the dow. joe, some technical issues we've been dealing with, the s&p below the 50 day yesterday at the close, the russe

. >>> welcome to "closing bell," i'm mike santoli in for scott wapner here at post nine at the new yorkth a reversal of the reversal the broad indexes recapturing the ground loss in friday's sharp afternoon selloff even as the retreat in apple shares continues to another session the s&p 500 again pushing above that 4,500 level as another rush of earnings and a key inflation report await in coming days, which brings us to the talk of the tape, where we ask the a stealthpullback can be enough to refresh the summer rally or if a tougher and broader gut check is due as august

>>>welcome to "closing bell "qwest i'm mike santoli in for scott wapner at the new york stock exchanges with a mild disturbance with a reminder of retail bank challenges and a growth out of china overnight wobbling the tape and you have debt options and tame bond yields and apple shares have all got the index as well off their lows as we head into the close which brings us to our talk of the tape. is this a routine mid-summer pullback to help us digest gapers on the start of a more setback? here to discuss all of that is

i'm scott wapner live from post nine at the new york stock exchange this make or break hour begins with unsettled stocks. there's your picture whether this market has turned from buy the dips to sell the rips, summer suggesting and if it has, what that could mean for your money in the weeks ahead. your scorecard with 60 minutes to go is getting a little bit uglier here. there's the lows of the day for stocks walgreens and united health not doing the dow favors today both of those stocks dragging the industrials lower. apple, that's been a story and it's not helping either. that stock continues the lackluster trading an ugly chart for the biggest in the market and shares have fallen 11% this month alone. intel and microsoft also a drag today and it's hard to get much going for the nasdaq as well given that tech slide we've seen and the continued march higher for yields take a look, the 10-year higher again, pressed against its highest level since last october. it takes us to our talk of the tape state of stocks and why some say this correction is not over. new edge's cameron dawson makin

i am dom chu in for scott wapner today.ur investment activity is joining me, joe terranova, and jim laboren thaul, and bryn talkington and steve weiss as well

i'm scott wapner front and center this hour, one down, one to go. now that nvidia has reported another blow-out quarter, all eyes turn to jackson hole for the fed chair's speech tomorrow. the mark's a bit on edge ahead of that. the investment committee sizing up what's at stake for your money. joining me josh brown, jenny harrington, jim lebenthal. let's take a look at the markets. the dow is down 200 points the lows of the session, half of one percent. we're red across the board is the market gearing up for a hawkish surprise is that why there's no nvidia bounce, the bounce we had went away the only bounce is in yields that leads me back to the first part of the question, the surprise from jackson hole the market will have a tough time dealing with >> i think you're on it. too much in the way of dovish expectation what is jay powell will say he's more likely to maintain the hawkish bent he may say, listen, there's been ro degrees made on inflation but there's more to go i do think you're right in what you're proposing, scott. however, i would point

i'm dominic chu in for scott wapner front and center this hour, is the market at a critical turning point as the nasdaq looks to hand in its first week of back-to-back losses this year? our investment committee is standing by to help you navigate through all of this. joining us is shannon saccocia, karen firestone, with me on set at the stock exchange, steve weiss and bill baruch. let's check the market right now. as sarah pointed out in the past hour, we have seen a bit of a decline and a loss of momentum in the market overall. steve, this is one of those situations where over the last couple of weeks there have been folks who have said the market has been hot this year it's due for maybe a breather. is the problem right now the idea that there is no near-term catalyst to propel things back towards the upside >> yeah, but you could argue there were no near-term catalysts to propel it to the upside from the beginning of the year in fact, there are negative catalysts that should have propelled it downward. i don't think it's necessary catalysts. the market was tough to figure out all year

i'm courtney reagan in for scott wapner stocks retreat as the banking sector gets battered with a downgrade. our investment committee standing by to break down the fallout. joining us josh brown, britain talkington and stephanie link. a check on the markets to see where we stand before we dig into the details the dow jones industrial average, the s&p 500 and the nasdaq lower the nasdaq is lower by the biggest percentage, down 1.5%, same with the s&p 500. we have the yield on the 10-year in focus as we are dropping below or have dropped below 4% we want to pay attention to that the vix moving around 18 some movement something we haven't seen in a while. when looking at the sectors, tech and financials which really the biggest laggards of course we have the big cut from moody's today we want to dig into the financials red across the board after the firm cut credit ratings for a number of these banks. 10 small and mid sized banks also put a number of others on watch. i'm going to start, i believe you own u.s. bank corp, one of the names on the watch, why are we seeing so much bloodshed today?