that's going to be a big one steve grasso, how long we set up for that >> this trade has been so tele telegraphed. traffic has been lackluster to say the least. they have had network issues i'm not currently long the name. i feel like everyone had the chance to play that bottom i was one of them, and it didn't work out parks are not coming back any time soon. we're at the pandemic -- at or around the pandemic low. this stock is priced for another pandemic i can't see a worse scenario or setup in the stock price where it should be bouncing and it never seems to bounce. so maybe -- maybe expectations are so low that they're good, but i'm not in the name right now, so that's my indication. >> tom sax and kevin mayer as consultants back in. do you think this could pave the way for decent news or clearing of the decks in terms of the bad? >> yeah. yeah, and i think this is -- when it comes to disney we're going to have to really see how things play out, but especially, too, they're going to have to see what happens with streaming. espn, i think, has been a big hot spot for them. if they ca

nice way to play commodities. >> steve grasso? >> grayscale trust.more. >> bonawyn? >> you're seeing weakness in a home builders space. i think you'll get an opportunity to get back in a little bit lower. >> all right, don't awhe.gonyer "options action" is coming up next. 't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with socia

on the desk tonight, steve grasso, tim seymour, and tim kaiser citi's head of equity trading. stewart, welcome. we start with the markets and the fed jumping today despite chair powell's warning that more rate hikes could be ahead. how hard a warning was it? or was it a little squishy? treasury yields rising. two-year surging to its highest level since the first week of july. cnn's senior economics reporter is in jackson hole, wyoming, a beautiful spot, with all the details. >> reporter: thanks a lot. fed chair powell delivering what you could call a moderately hawkish speech. said inflation was still too high, and says his choice seem to be holding rates at a restrictive level or hiking again. >> we are in a position to proceed carefully as we assess the incoming data and evolving outlook and risks. two months of good data are only the beginning of what it would take to build confidence that inf inflation is moving sustainably toward our goal. we can't yet know the extent to which these lower readings will continue or where underlying inflation will settle over coming quarter

on the desk tonight, steve grasso, bonawyn eyeson, guy adami and katie stockton welcome to all of you. we start, of course, with that massive post-hours earning move in nvidia. the stock surging on demand for its a.i. chips, including the afterhours move. the company has gained more than $900 billion in market value, just this year that's more than one berkshire hathaway, which, by the way, is the next biggest company in the s&p 500. nvidia's call is just kicking off. our kryistina partsinevelos has more >> the options market was right. they anticipated a 10% swing and you can see the stock is up almost 10% that's because the a.i. hype has materialized into dollars for nvidia the company posting a 61-cent eps beat, but revenues that came in at $13.5 billion versus the $11.2 billion estimated. for context, that's more revenues than the combined amount of q-2 and q-3 of last year and if we're talking about guidance, let's talk about q-3 even more impressive $3 billion above consensus, $16 billion. that's $3 billion more than what was anticipated. the last time that happened was last qua

>> i saw him the same week and i saw steve grasso stay tuned we'll be right back. here's the skin-tightere's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. ♪ ♪ ♪ ♪ live your best day, every day with the power of the gelflex grid. sleep better. live purple. ( ♪♪ ) ( sfx: people cheering ) ( sfx: stock exchange bell ringing ) ( ♪♪ ) ( ♪♪ ) ( sfx: people celebrating ) ( ♪♪ ) ( sfx: people celebrating ) ( sfx: stock exchange bell ringing ) >>> welcome back, everybody. the new ford battery plant coming to michigan is what president biden was hoping for when congress passed the inflation reduction act. emily wilkens joins us with a new series we're calling the money trail. emily, good morning. >> reporter: