'BALANCE THE VOLATILITY': Investors get a warning for the month ahead

DEAL CHERYL: EDWARD LAWRENCE, THANK YOU SO MUCH. TIME FOR THE WORD ON WALL STREET, TOP INVESTORS WATCHING A MINUTE, JOINING THE FOX BUSINESS CONTRIBUTE OR AND BARONS INVESTOR CIRCLE NEWSLETTER EDITOR JOSH SCHAEFER. AND ZELNICK OR DORFMAN, RYAN LYNCH. WE ARE GOING TO START WITH YOU. WE GOT A ROUGH DAY WITH FUTURES IN THE RED, THE DOW DOWN 293, THE NASDAQ DOWN 304. YIELDS ARE HIGHER RATE NOW, TAKING A LOOK AT THE 10 YEAR TREASURY, HITTING ITS HIGHEST LEVEL SINCE JANUARY OF 2025, THIS IS A PROBLEM FOR THE STOCK MARKET, WE GET THE JOBS REPORT OUT ON FRIDAY, 56,000 NONFARM PAYROLLS EXPECTED. INTEREST RATERS ARE PRICING IN A 60% CHANCE THAT WE ARE GOING TO GET A RATE HIKE THIS MONTH ATAT THE FED MEETING. WHAT ARE YOUR THOUGHTS ON THAT? RYAN:STOCKS ARE DOWN IS THE 10 YEAR TREASURY RISES AND WHAT I THINK THE ISSUE IS IS THE REALITY FOR INVESTORS OF REALIZING THE RATE HIKE IN SEPTEMBER MIGHT HAHAPPEN. A 60% CHANCE OF A RATE HIKE UNTIL LAST FRIDAY. INVESTORS 20 TO DO JUST THAT AND LOOKING AT AUGUST WE HAVE THE BEST AUGUST FOR THE S&P AND NASDAQ AND FIVE YEARS, WE WILL GET LITTLE BIT OF DIGESTION, A LITTLE POSITIONING AS YOU ENTER SEPTEMBER WITH THAT BUT THE MAIN ISSUE FOR STOCKS IS BACK TO MACRO, THE MACRO PICTURE IS SHAKIER THAN EARNINGS, WE TALKED ABOUT HOW GREAT OR CORPORATE EARNINGS WERE IN THE LAST MONTH, THE CONVERSATION SHOOTS TO MACRO IT IS A LITTLE MORE CONCERNING. IS THE JOBS REPORT GOING TO BE WEAKER THAN EXPECTED, ARE YOU GOING TO GET A B BOUNCE BACK A WHAT HAPPENS WITH THE FED, STOCKS BEING DRIVEN BY THE MACRO RATHER THAN FUNDAMENTALS, PUTS INVESTORS IN A CHOPPY POSITION. CHERYL: RYAN, WAY AND, YOU SAY THAT WAS A HAWKISH SPEECH BY KEVIN WARSH BUT HIGHER OIL PRICES MAKE THE INFLATION FIGHT MORE DIFFICULT BECAUSE YOU HAVE OIL HIGHER THIS MORNING AGAIN ON BOTH BRENT AND WTI AND THIS DOES COMPLEMENT THE INFLATION STORY, PRICES SOARED ON MILITARY ACTION IN THE MIDDLE EAST, THE PRESIDENT IS BOUND TO RETALIATE AGAINST IRAN AFTER BRIDGING STRUCK TWO US BASES IN JORDAN FOLLOWING THE US ATTACK ON LAROCK ISLAND ON SUNDAY. WE ARE TURNING TO DO. ENERGY PARTNERS TO TAKE CONTROL OF VENEZUELA'S OIL, THAT GIVES 100 YEAR CONCESSIONS FOR THE COMPANY TO DRILL IN THE 17 FIELDS, 65 BILLION BARRELS OF CRUDE OIL AND THE NEAR-TERM PRODUCTION GOAL ONE MILLION BARRELS A DAY, THAT COULD CHANGE THE STORY, THE PRESENT IS HOSTING TOP OIL REFINERS AND DISTRIBUTORS TO BE AT THE WHITE HOUSE, GAS PRICES ARE GOING TO BE TOP OF MIND IN THESE CONVERSATIONS, YOUR THOUGHTS. RYAN:ABSOLUTELY. WHAT WE ARE SEEING IS WHILE THIS NEW LOYALTY WITH VENEZUELA COULD PRODUCE SOME SIGNIFICANT LONG-TERM RELIEF TO OUR OWN NATIONAL ENERGY NEEDS, AS WE KNOW ENERGY SECURITY IS NATIONAL SECURITY, THERE'S STILL A LOT THAT NEEDS TO BE DONE IN THE SHORT-TERM, THE INFRASTRUCTURE THAT NEEDS TO BE BUILT, THE ABILITY TO PRODUCE IT AT SCALE. WHAT WE ARE SEEING HERE IS THE MACRO REALLY HAS TAKEN OVER, THE MARKET IS BALANCING ONE OF THE STRONGEST EARNINGS SEASONS WE'VE SEEN IN A LONG TIME AS WELL AS A SIGNIFICANT INVESTMENT CYCLE AND BUILD OUT IN THIS INFRASTRUCTURE SPACE AROUND AI WITH SOME SIGNIFICANTLY CONCERNING MACRO ISSUES GO YEARS SEEING LEVELS WE HAVEN'T SEEN, ANOTHER MAJOR ISSUE INVESTORS ARE WORRYING ABOUT IS THE FEDERAL DEBT SERVICING SO IT'S NOT JUST THAT CONSUMERS ARE WEAKENING, LOOSING CONCERNING JOBS REPORTS, BUT THE FEDERAL DEBT SERVICING IS THAT A VERY HIGH LEVEL, THE CONSUMER IS HURTING AND WITH HIGHER GAS PRICES JUST BECAUSE WE'VE HAD HAWKISH TONE DOESN'T MEAN IF THEY HIKE RATES IT'S GOING TO DECREASE THE PRICE OF OIL, NOT GOING TO TOUCH THAT AT ALL. FROM MY SEAT, TAKING INTEREST RATES MAY FIGHT INFLATION. MY BIGGER CONCERN IS STAGFLATION IN THE SHORT TERM. WE STILL ARE VERY BULLISH ON THIS A INVESTMENT CYCLE BUILDOUT AND WE'VE SEEN OTHER DEALS WITH ANTHROPIC THAT SUPPORTS THIS LONG-TERM VISION AND MONEY SPENT IN THIS SPACE BUT INVESTORS IN THE SHOHORT TM NEED TO BALANCE THE VOLATILITY AROUND THE MACRO STORY. CHERYL: WE WERE TALKING ABOUT THE 30 YEAR, WHAT THE BOND MARKET IS SAYING, CHIP STOCKS, NVIDIA DEEPENING THEIR TIES IN TAIWAN. THEY HAVAVE AN INVESTMENT IN MEDIA TECH, THEY ARE GOING TO LOSE NVIDIA'S TECHNOLOGY TO HELP CHIP COMPONENTS COMMUNICATE WITHIN DATA CENTERS, ANTHROPIC CEILING A COMPUTING DEAL WITH NVIDIA BACK TO CLOUD COMPANY LAMBDA AND THEY WILL DEVELOP THE DATA CENTER THAT IS GOING TO BE IN TEXAS. THE STOCK THIS MORNING, ONE OF THE STORIES WE ARE WATCHING, UP ONE. 5%. YOUR THOUGHTS ON THIS. JOSH:THAT NVIDIA DEAL BACK TO ANTHROPIC, NVIDIA HAS INVESTED AND ALSO INVESTED IN LAMBDA. IT BRINGS UP CIRCULAR FINANCING IN TERMS OF NVIDIA BUT TO RYAN'S POINT ELONGATING THE CYCLE, YOU HAD NVIDIA SAY THEY EXPECT 70% REVENUE GROWTH THROUGH THE END OF NEXT YEAR, YOU HAVE TO BE BULLISH FROM A FUNDAMENTAL STANDPOINT, REVENUE GROWTH IS ACCELERATING AGAIN HERE OVER YOU WHICH HADN'T BEEN HAPPENING AND STARTED HAPPENING THE LAST COUPLE QUARTERS SO WE REMAIN. ON STOCKS LIKE NVIDIA GIVEN IT IS TRADING BELOW A MARKET MULTIPLE, YOU CAN GET NVIDIA CHEAPER THAN THE S&P. CHERYL: HE YOU WROTE IN YOUR NEWSLETTER THE LARGEST STOCK IN THE WORLD, CERTAINLY DOES.