MRKT MATRIX: August 5, 2024

Today’s Top Stories:

• Dow tumbles 1,000 points, S&P 500 loses 3% as Monday’s session nears close: Live updates (CNBC)

• Japan's Nikkei sees biggest rout since 1987 Black Monday (Reuters)

• Chicago Fed President Goolsbee says if economy deteriorates, Fed will ‘fix it’ (CNBC)

• Everyone is talking about the Sahm recession indicator. Here’s what you need to know (CNBC)

• What top investors are saying about the market sell-off: Don’t panic, but bottom not in yet (CNBC)

• Nvidia’s New AI Chip is Delayed, Impacting Microsoft, Google, Meta (The Information)

Today’s On The Tape is Presented by CME Group, iConnections and SoFi

Volatility Returns With Vengeance

Dan Nathan, Guy Adami, Carter Worth and Liz Young Thomas break down the top market headlines and bring you stock market trade ideas for Monday, August 5th.

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