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Transcripts For CNBC Power Lunch 20240707



at the impact of rising prices on retail hit hard today, housing and energy how you can protect your portfolio and the stocks to own in an inflationary environment like the one we re in right now. first, over to kelly and a check on the markets. thank you, tyler. hi, everybody. we are right near session lows the dow was briefly down below 1100 points and just off that level. the dow s gains in the past three sessions are now gone. it s 31,580. the s&p is below 4,000 in trading today. the nasdaq is down four almost 4.5% below 11,500 let s get right down to bob pisani who has more on what s driving these losses today, bob? it s essentially straight down for the s&p 500 slow, but steady descent straight down. i think what s most surprising to everyone is the reaction of the defensive names. consumer staples considered defensive stocks and everybody has to buy consumer staples, right? they ll be fine. walmart is considered a consumer staple and shocking some people to ....

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