Limbo. The ceo will be b here to explain why the trade war is is hurting his business so much power lunch starts right now wrapping up u on the high note check out facebook shares. They are under pressure as a number of state attorneys general get ready to open an antitrust investigation into the tech giant well have much more on this move later on. Melissa, thanks jay powell speaking moments ago in switzerland this will be the last time we hear from him or any other fed official before the next decision the markets almost guaranteeing a quarter point cut. Did powell give any hints . What do you think, steve were going to let you and viewers be the judge he was in switzerland, asked directly, asked directly by a member of the audience whether he would be cutting rates in the months ahead you tell me what this tells us were watching all of these developments the geo political risks, breck it, incoming data. And really looking at financial conditions and well be assessing those in future meetings and weve said that were going to act as appropriate to sustain the expansion. So that act as appropriate has kind of been the code word for were going to cut rates given the market thinks we are powells comments came after the jobs report which he said showed a healthy jobs market and scored an upbeat view of the economy from the chairman. Lets take a look. Ive divided it up rising wages a really strong house for se several months headline payrolls. Downward revisions of 20,000 and really under 100,000, a lot of the growth was from census workers. So modest private sector so powell was asked about the possibility of recession our main expectation is not that there will be a recession but there are risks and were monitoring them carefully and were conducting policy in a way that will address them but no, i wouldnt see a recession as the most likely outcome for the United States or the world economy. I suppose im not answering kellys question i dont think he change d or wanted to change or said anything that would change Market Expectations for a 25 basis point cut. Asked about the despairty, which was f a good question saying we shouldnt cut. We should cut 50 he said kind of murky what we should do and its not clear and he kind of welcomed the difference of opinion on the fed board. So i think were on track for this quarter we start ed the weak with weakness the decline in man fufacture, services were strong and payrolls were on balance pretty good to to okay. I came back from vacation kicked it off. Thats why. I thought you were questioning why you came back. And i came back from vacation today. Go away, come back when we have an answer to the question thanks. Stocks erasing nearly all of august losses follow iing the august jobs report major averages looking to finish a second week in positive territory. So could higher highs be ahead this is not a cannabis segment tim courtney, chief Investment Officer is is here so is is fast money trader, steve grasso, director of Institutional Sales with stewart frankel. Also ron insana. Senior adviser to schroeder. Now that the titles have been made, we can get down to business ron, earlier this week, hugh johnson, whos been in a more dower camp said the one thing he would be waiting to see that might be the thing that would persuade him that the bull market was about to end was an outburst of enthusiasm all clear. Is this that moment . No. I dont know anybody whos exuberant or has an all clear signal were still trading broadly since january of 2018 until today. But the pessimism of august has vanished in nine days. You remember that retail participation and other market tops and i dont know where the market is with respect to that kind of behavior, but certainly this isnt like 2007 or like 2000 when it comes to internet stocks i would say im actually after steves report more confused jay powell says no recession you have other fed members saying murky theres almost no reason to cut rates if you dont have recession in your forecast so that makes me more confused about where the fed is why do you need to have recession in your forecast isnt part of rate cutting to prevent recession in your forecast i understand going for the soft landing if hes definitive, makes me question why hes thinking about a rate cut for now, keep buying equities, so you see no storm clouds to speak of, other than perhaps faltering trade talks that talks that are on agenda and either dont happen or talks that happen and do not result in something the media characterizes as firm progress i think this last leg of the rally has been driven by Short Covering and that is is signalled by all the underperforming sectors that weve seen run weve seen retail, chemicals run. Weve seen things that were out of favor for the last month, also look at the technicals. 29. 82 is the last. We have not been above the 50day moving average for the whole month of august. There might be a time, there will be a time i should say to sell this market you cannot sell the market ahead of the fed and you cannot sell the market ahead of the trade talks in october thats whats kept the shorts at bay for now. Its a bull run. Tim, wrap it up what do you think . Yeah, id say for the most part i agree the returns weve gotten so far in 2019, we probably have booked most of the gains were going to book but really the returns weve gotten so far is really just undoing the decline. We saw in the Fourth Quarter of last year, which was forecasting a recession. Theres still some to come especially if the trade talks resume more quickly maybe than what the market fears which is purri i pushing it off to next year. Youre expecting a quarter point Interest Rate cut even though you dont think the economy warrants it . I dont think its going to help much at this level cutting a quarter point. I think its going to do min pal he help, but i would fear that if we do cut, it does send a message to the market that you know the that the fed is afraid of something the volatility has been extreme compared with what he had been having is likely to continue. What stands out to me is how headline vulnerable and driven investing is right now you saw what happened when they said the trade talks were back on. And is the enemy of america so is jay powell. Im sure by the end of the ta, well see a sharpie over the numbers. But the headline volatility is fairly significant but tyler, you know how i feel b about volatility its mr the norm nan exexception. It doesnt surprise me now we are seeing more 2 and 3 days than weve seen in a while and thats indicative of either break down or break out. The question is do we get the ingredients for a breakout final thought to you, steve is volatility that ron described, is that an opportunity for traders or something that and at the same time, something that investors should play past investors have to play past that you have to keep your eye on the ball t long time trading horizons, but traders should love the volatility weve rallied 5 off the august lows to where were at right now. But its pretty interesting if you look at the level on the s p cash 29. 79 is the last retracement from the high we had to the low we had in august bf we get back to new highs. Everyone watching this program all investor, hold that level because new highs are coming sooner rather than later be a bir if we hold out. 29. 82 thanks, steve. Tim, have a great weekend, guys. Thank you we have a news alert and meg is here with latest. This news is coming fast and furious. News just now that purdue is many talks with the department of justice to potentially settle criminal and civil probes into its actions around marketing opioids and it seems like from this report monitoring opioid prescriptions by doctors, monitoring the general use of these drugs, but also apparently, the government according to this report has considered charges under continuing criminal statute. This is the third sort of rung of the litigation going on we know purdue according to nbc news and others has offered 10 to 12 billion to settle with cities and states. Didnt include the department of justice. It shows these companies have more to think about than the municipalities in the thousands of kays theyre facing there. They have the doj. So what could happen here according to dow jones is that any money that they reach in a settlement with the dodge could die beaut loout what goes to the cities and states and already, the states are saying 10 to 12 billion or whatever youre offering isnt enough to settle these claims against you why they think it would dilute that amount of money. Probably because the family which owns purdue and purdue say 10 to 12 billion is is all weve got and all we can offer you im hearing the 10 to 12 billion is the valuation the company is putting on the offer in interpreters of the value of drugs, the value of sale of the company. The doj is not going after the family money unlike the states and knew nis palties doesnt appear that way because of this report in 2007, the doj reached a deal, did get some executives from purdue to plead guilty, but weve heard that doj has beenup set that didnt do it. Thank you coming up, were going to talk about how wework is reportedly cutting the signs of its planned ipo in half. Could scrap iping it be the nex step or has it gone the too far . Well debate that. And well talk to a bicycle manufacturer who makes his bikes in china and is now facing huge tariffs. The real impact of the trade war on American Business coming up on power lunch. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. New fears bubbling up for wework after they slashed the size of its planned ipo in half and alex sherman reporting the company is speaking to shareholders about skaping it all together and that may be its best option. So, first of all, its important to note this deal is incredibly fluid at this point more so than most ipos ive covered in the last seven years. There really arent set plans. There are tentative plans. There was a tentative plan to start the road show this week. Obviously that hasnt happened there are also tentative plans to start it next week. Im told not really before tuesday with the road show start but again, it could be next week it could be the week after it could be pushed out further into 2019 or 2020 at this stage or as alex alluded, they could still pull the deal all together, but in speaking with investors who are looking at this thing, people are very concerned about that 20 billion valuation. No one really wants to invest to 20 billion and they say theyre a little concerned about that level. O even though its been cut in half from the level that was invested at 47, people are still nervous. A popular trade is this idea of going long the stock bank bonds because thats a bet on the Real Estate Asset they have which apparently, people are very bullish about. But then going short the actual eck quity as a way to protect themselves against some of the over, the risks involving conflicts of interest, management risks and some other things were seeing. Thats an interest trade, but a trade that cant be put on immediately. Dan b, if i were a potential investor in we work, if i was look iing at this as buy, i thi even if i didnt know what was hop happening today, the latest headlines about scrapping, i would think this is an absolute mess and that this is a reflection on at least management yeah, management is going to be key on this. And the folks i talked to including those on the wework side of this, what they say is that when theyve spoken to investors and leaving outside the price of where the shares will come out, in general, they understand and dont think its a bad longterm bet as a company about the Business Model i wrote this this morning. If this goes forward and it starts next week or the week after, everything is on him. His performance will determine this so let me delve deeper if i might. Theres nothing in the untidyness of the process that suggests that the company itself is unhealthy there may be questions about the competence of the management, but the company, its Business Model seems to sound i think it is it is a company thats losing an enormous amount of money like lyft and urer did when wework puts in a bunch of money into a facility, it then gets the make money off of that year after year. Where as lyft and uber, they dont even own the cars. Its transient i dont think its the confidence of it i think theres concerns about the governance and potential checks and balances because in this case, adam, a controversial person if you meet him or hear him speak, he has a lot of inid owe sin krass theties. Hes a sincere guy he has such control and no one can take it away in weworks case, being so asset heavy, they are assets the company can bank on, borrow against, but at the same time, when things turn south in the economy and thats what a lot of people think at least a softening in the economy, i would think as a business, the thing you cut off the first is your shortest term obligation. Right thats the fundamental concern with this company and this idea that its never really seen a e recession in its history its never been tested under those scenarios, so people are concern concerned not just about corporate governance, management, about the conflicts of interest and some of the b bigger headline risk, but on a fundamental basis, what does this look like if things turn slightly south for the economy and Business Model will they be in a position where they could get in trouble. Some of the large asset managers, if that happens and they show up as having purchase ed this ipo because those positions are disclosed, then they have to appeal to their management committees and explain exactly why theyre taking this risky valuation that a lot of people are turning their nose up at if it goes forward at 20 billion dl which of course thats still up in the air. It will be fas fating to see. Thank you, dan, leslie and coming up on power lunch, the federal government tightens the screws on facebook on several fronts today. What you should do with this stock while all these investigations play out. That is next on power lunch. Stay with us others doctor. We can do the screening at her house. Hi. This is the man thats going to check your eyes grandma. Cognizant ai solutions are helping Healthcare Companies advance diagnostics and prevent blindness in patients with diabetes. Everything looks good. You have beautiful eyes. Welcome back facebook facing a fresh wave of scrutiny the stock slide iing after the York State Attorney general launched an veinvestigation into the social network what could all this mean for the companys shares lets bring in your trading nation team. Craig johnson and gina sanchez the stocks backing off, but not that dramatically. Its a good deal off the highs, but has been making progress lately where does that leave it for you . When you look at the chart and they have these headlines and news, were still friendly toward the shares from the perspective of when you look at the chart, were still looking at higher highs and low rer lows and moving up toward the 50day moving average at 191. From our perspective, any sort of move above the level sets the stock up to move to the 204, 205 range which is logical we would continue to be a buyer of facebook shares gina, anything in this new round of news, give you pause about the Business Model itself because all along the way, not too much has dissuaded advertisers from participate ng the facebook platform . No, it hapt, but facebook even despite this news is still trading at a premium in terms of pe relative to the industry. So i dont know that its necessarily pulsing in the risk that some of these probes present to facebook and i think these probes dont go away if anything, i think that risk continues to grow and facebook has already published a white paper that shows its going to be a real challenge for them to sort of to protect data privacy but also set by the eu to make the data interoperable with other social net woshs, which would basely kell them from a competitive per speck ty i think these probes dont go wii way and we continue to grapple with whether or not Companies Like this should even be run for profit or are they just simply a commodity. And utility that makes growth type of returns. Serply thats not priced to the stock. Well see how it goes from here. Thank you very much. For more, head to our website or follow us on twitter melissa, back to you s. Thank you ahead on power lunch, tariff fallout. One ceo speaking against the trade war saying his company is front iing the bill for the president s tariffs. Plus, the department of justice launching an antitrust investigation into four top automakers and place your bets new jersey could overtake the nevada as the Sports Betting capital of the u. S will this football season provide a bigger boost all this when power lunch returns. Ive been a caregiver for 20 years. No two patients are the same. Predicting the next step for them can be challenging. Today were using the ibm cloud to run new analytics tools that help us better predict and plan a patients recovery. Ultimately, its helping thousands of patients return home. Welcome back im sue herera heres your cnbc news update Health Officials say the number of possible cases of vaping related illness in the u. S. Has now more than doubled to 450 including three deaths they are again urging people to stop vaping until they figure out why some are coming down with a serious breathing illness. The grand celebration cruise ship carrying food, water and other aid supplies to bahamas survivors the symphony of the sea cruise ship waiting to drop. A Royal Caribbean cruise ship tropped off meals, water and more than 180 generators 30 people have died as a result of dorian. Mexico says it has reduced the flow of migrants arriving at its northern border by 63 the secretary says he believes enough to avert president trumps threat to impose tear i haves on mexican imports and a Family Affair not seep in 119 years the batter is kole listen moran of the pirates and the pitch er is his older brother, brian. He struck him out. The first time a player face d his brother in a pitch versus batter scenario in his Big League Debut youre up to date. Thats the news update this year thank you lets take a check on the markets now and after the jobs report today, markets have been quiet, but we are in the green right now ending the week on a high note. The dow is up by almost 100 points s p 500 is and the nasdaq is higher by six points the retall rally is on track for its best week since january. Home key poe, target and costco. Oil market closing for the day and to find out been going on there, lets check in with dom. We were lower for oil prices earlier in the day due to the jobs report, but prices started climbing during the midmorning. Currently, west texas intermediate price, 56. 47 rigtd now, 61. 43. We did hit session highs after 1 00 p. M. Getting a bid on the heels of xhepts from jay powell saying the fed will take the necessary steps to keep the economic expansion going the rate fell by four in the lowest level also the third week in a row of low rigs back to you. Thanks very much. Now as trade talks get kicked down the road, Many Companies are find iing themselves in a state of limbo with no way of knowing whether more tr i haves are on the way or if a deal is just around the corner thats the case for guardian bike biochemistries. The ceo explaining tariffs on bikes made in china have risen to 36 , but they have no choice to pay up and wait to see what happens next with us now is brian riley, cofounder and ceo of guard yawn bicycles brian, welcome and basically, all bikes are made in china, so this has really hit you hard thanks for having me on thats correct theres 40 vendors that come together and make the components to make the bikes, so moving to another country just really isnt ant option for us and most people in the bike industry because it takes a coordinated move of the whole supply chain to move to a different base which is going to take years and obviously millions of dollars of investments. Right and your point is even if you said okay, thats what needs to happen, its not clear whether that needs to happen or if theres a larger deal, in the meantime, tariffs on bikes have gone from correct me if im wrong, to 11 up to soon to be 41 and how much of that is being passed on to the consumer . It will be 41 as of the new 5 inas of october 1st weve been in a whip saw of these tariff changes going on, so weve passed on some of the cost to the customer absorbed some ourselves, but yes, the biggest problem is because of the uncertainty, i find myself checking the news every day just to know what my landings are going to be next quarter and the biggest problem with that is because theres so much uncertainty, a lot of the manufacturing players in the industry that the factories that make these r parts and the bike itself, theyre hesitate iing to make any investments anywhere else to build production in another place because they dont know if these tariffs are going to go away this year so it makes it so the past to moving is hardballer to do how has that spilled over to your other spending . Hiring workers or people to staff stores sure. Were a very fast growing start up company in the bike business so were growing about 300 a year in any fast growing business, the biggest challenge is planning and the biggest input to that is your inventory and product costs. So because weve had such uncertainty with our product costs, weve had to be more conservative with our hiring plaps, the amount of money were putting into innovation and marketing and growth and just had to take a much more conservative approach. To make sure we have enough cash to absorb these increases that may or may not happen. Not looking to sucker you into a debate, but when you hear people say the chinese are paying these tariffs, whats your reaction and number two, do you have any reaction that some of the money that is being collected in tariffs from Industries Like yours is then being transferred to help other Industries Like soybean farm in . Yeah, sure. I can tell you from the front lines of this that that its Companies Like ours that pay the bill u. S. Customs actually takes the money directly out of our account automatically every time we have an import. So were the runs pay iones paying the tariffs i think the belief is these tariffs are going to a major move out of china and inflict some pain on china because industries are moving out of china. If youre making a tshirt or shoe, something that doesnt have a complex supporting supply chain under it, its easier to move, but in cases like ours where you have a concentrated supply chain, there are lot of different parts that come together to make the final product. The uncertainty just creates a situation where that path of investment needed. Does it bother you that farmers are getting help and youre not. Im glad theyre getting help i wish everything was you know an even plane, but were living a world right now u that its not just quite even. But were trying to compete as best we can and do the best we can with what we have. Do you see any possibility under which this could be a threat to your business . For us, i think well make it through. Weve had to slow down spending. Slow down investment, but im sure you know as somebody that knows what its like to run a Small Business there are plenty of Small Businesses that are going to have as much Pricing Power and be left out of business through living through the whip saw of these tariffs. All right thanks for joining us. Good luck the ceo and founder of guardian bikes. To the bond market now Rick Santelli has been tracking the action at the cme. Hello. Its been an unusual week most people on this Trading Floor feel as though rates really have moved high er the last several sessions. Of course not including today. Look at the chart that enl compasses their lows were about ten basis points off our worst levels and were up a couple of bases points on the week all though unchanged on the day, but the reality is is in the big picture, it looks like we just had a bit it of a reversal off big drops in august it certainly doesnt seem as though theres any selling pressure on going same is true for 3a and tens its been an issue wans ch heres a chart going back to the credit crisis. You can see how elevated those spreads are. The fascinating part is the simply has been going off. You figure 150 and 121 over. The long end paper and investment grade, it was around four and a quarter these Companies Keep on coming and with 17 trillion rates, the demand is huge back to you. Zpl thanks very much have a great weekend come up, several automakers may be caught in the middle of a fight between the Trump Administration and the state of California Well explain that one and our tasting menu bearish on beyond meat it wouldnt be a good day unless we had a beyond meat story and tax and cookies and running out of hard seltzer. A tasty edition of power lunch returns. The department of justice now investigating a deal between four automakers and the state of california on emissions. Phil has the details tyler, this has to do with tn agreement reached in late july with four automakers in california and what the department of justice is looking at is why did they reach this agreement. It revolves around fuel economy. The Trump Administration is in the midst of reviewing those standards. While california, which has a legal right to set its own, reached and agreement with ford, honda and vw essentially saying we have a standard were going to agree to for future vehicles. The trump mrs wants one National Standard its not one california. We have its own. This all reviola involves around the miles per gallon and fuel efficiency standards this dotted line, these are the standards that were set in place by the Obama Administration in 2011 and it was supposed to go up to 54. 5 miles per gallon. If you look at shares of ford, honda, bmw, volkswagen, all the companies that agree, they all have said we received notice from the department of justice we will be cooperating with this investigation and what youre seeing here, guys is a fight, basely between the Trump Administration and the state of california and it all comes down to who should set fuel economy standards. The automakers who agreed with california, they went that route in large part because they believe theyre ultimately california will prevail and if youre going to build vehicles to the most stringent standards, go there then the rest of the county tru the Administration Administration disagrees i just wonder if they would be able to sort of illustrate the anticompetitive behavior, phil m maybe saying it restricts consumer choice, raises prices well, yes, and larry kudlow was on today and he said look, youre going to have more expensive vehicles and theres truth to that. The vehicles are more expensive as you push up the technology to make them more fuel efficient and youre going to have safer vehicles i have yet to find somebody how a more fuel efficient vehicle is an unsafe vehicle. If theyve got data, id love to see it ive called around and asked, they say it makes no sense you want to talk about xhib, thats fine. Safety, makes no sense that was a splashy one. Thanks very much and a market flash. Whats happening, dom . Deal chatter. The shares were up by as much as 10 today. Theyre up by about 5 to 6 right now. This is on the heelses of dow jones headlines saying a couple of private equity firms may will looking to acquire semantic for around 26 to 27 a share that would preserve semantics economisting deexisting deal to sell its business to broad this is according to sources, but thats the reason why the shares pusheded toward session highs. Back to you. By the way, we reached out for a comment. No comment to b cnbc as of yet back to you i wonder if its a tell on the landscape. Thanks not much scoring in last nights nfl season kickoff as the packers beat the bears 103, but did the game score in the ratings . Plus, new jersey passing nevada is the Sports Betting leader. Are things about to get better stay with power lunch. Welcome back the ratings for last nights kickoff ran and theyre pretty good julia has those numbers and booe numbers. Preliminary ratings show a 14 increase from last year and a 7 increase from last years bears packers sunday night opener ratings were up much more and the markets for Online Gambling just this year became legal. Pittsburgh ratings were up 23 and ratings in providence were up 36 in both states fans can place bets from their mobile phones in addition to being able to bet in a casino this nfl season 13 states have legalized sports gambling, thats up from five states a year ago now mobile sports gambling is legal in six states. Last year mobile gambling was available in two states with a third state making that an option toward the end of the season tyler, back to you. Julia, thank you very much. New jersey now poised to overtake nevada as the mecca of Sports Betting in the United States as more and more people are wageringon leagues like th nfl, the nba Sports Betting continuing to expand, as julia just detailed what will it mean for the legal gambling industry in the u. S. . Joining us now to discuss is chad millman, head of media at the action network, a Sports Betting information and analytics news platform. Chad, welcome. New jersey has actually, according to these numbers, overtaken nevada as a sports book, correct . That is correct theyre doing a great job and its largely because of what you just discussed its because they have unfetterred mobile betting and fans have taken to that. What percent of the total amount wagered, which was more than 300 million in the month of may, what percent comes through mobile devices, either phones, ipads or computers yeah, theyre seeing as much as 70 to 80 coming through mobile its not surprising. Look, its so much easier if youre going to be betting, youre watching a game, you want to do it five or ten minutes before the game. Thats what we see at action network. Thats when we get a lot of activity on our site and in our app. People wanting to make decisions before the game starts and thats when they decide to make a bet. Its the old question like a they a thermos, how does it know whether the liquid hot or cold how does new jersey know whether youre present in new jersey when you place that mobile bet you must be in the state of new jersey how would they know that im not in phoenix dialing in on my phone or in l. A. If my laptops domicile is actually new jersey . Well, look, as there is a burgeoning industry in Sports Betting, there is also a burgeoning industry in geofencing and geo targeting and Location Services that can make sure they can enact they know where you are at all times so the geofencing has become something that has gone hand in hand with where mobile betting is becoming legal. Can you get around the geofencing by using a virtual private network, a vpn tyler, i have not been able to figure it out im not trying to figure it out. Honestly, i have no idea how people would go about doing it. What are the biggest bets that are being taken i assume its nfl, number one. Probably College Football number two. Maybe nba three . Its definitely nfl that is far and away the biggest. Youre seeing the activity and the enthusiasm just in these past 24 hours for the game last night. Definitely College Football number two nba is three if you look at sort of the entirety of sports. But youve also got to think about College Basketball, the way a lot of places, and certainly nevada does this they rank it by full sport, not just by College Football, nfl. So if youre looking at basketball, you have to include College Basketball in that mix as well. How many states will have legalized gambling in five years, say, and will there be some holdouts that will never allow it, whether they happen to be smaller states or states in the bible belt where theres resistance to it yeah, i think thats where youre going to see i think over the long term, say the next five years, i would not be surprised if we reach past 40 states i think over the next two years youll get past 25 and have more than 50 of the states in the country will have some kind of Sports Betting its hard to say all 50 will get there because now that it is legal state by state, every state will have their opinion on what they want to do. How much money do the states make off of this Sports Betting. How much does new jersey make, do you have any idea what the percent is, what their cut is the whole percentage is usually about 6 so in nevada last year, they had about 5 billion in Sports Betting. I think the hold was something in the 400 million range, a little bit less. Nevada is usually has been in that same range. If you can get to that level in a hold percentage, youre doing pretty well. What about in venue Sports Betting. Lets say im at Madison Square garden and im unlucky enough to be watching the knicks and i want to bet on how many points r. J. Barrett is going to make. Am i going to be able to do that i think you will eventually one, its latency. In a stewadium, its harder to e a solid and consistent connection until that latency gets figured out, thats number one number two is the Data Transmission what are the venues going to be using to get their data and how fast is it going to be and can you make a bet fast enough so youre not overtaken by the next play. Chad, thanks. Tiad millman, we appreciate it, acon sports network. Check, please is next. You should be mad they gave this guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Welcome back bad news for hard seltzer fans white claw has confirmed a nationwide shortage of its popular flavored hard seltzer drinks the company didnt specify when their stock will return to normal but they are working to replenish it as quickly as possible. Have you tasted it . I shouldnt ask. Im asking the wrong ladies that i have not tasted it, but i see an awful lot of people, especially younger people, drinking it. I think its locale. Low cal keto friendly. So i should switch from gin and tonic to gin and soda. Or gin and white claw. D. A. Davidson initiating coverage of the stock. Theyre bearish. The firm is cautious as it forecasts fewer frequent buyers of plantbased meat in the long term its total Addressable Market is like plantbased milk and could be smaller wildfire goi were going to have the analyst on tonight on fast. And jay powell over in switzerland. Thanks for watching power lunch. Nice to be back with you all, everybody. Closing bell starts right now. Welcome to the closing bell. We have a post fed speech and post jobs number rally on our hands. Just 2 or 3 from alltime highs with just 59 minutes left in trade. Welcome, im sara eisen. Lets look at whats driving the action higher right now. The federal reserve, as chair jay powell says trade policy is weighing on Investment Decisions but doesnt see a recession coming. Jobs come in light but wages and participation rise and the Unemployment Rate stays at 3. 7 . And china