But our next guest says, "Be careful what you wish for." Let's bring in Rich Bernstein. He's the CEO and chief investment officer at Richard Bernstein Adviserss. What do you mean by that, Rich.Welcome. >> Well, Kelly, good to see you. Welcome back.I think um look, I think people have forgotten why the Fed cuts rates to begin with and how the Fed is the central bank. And you know, when they cut rates, they do so to lower the cost of funding to the banking system because the banking system isn't lending. And ...

Let's ask David Wessel. He's the senior fellow in economic studies at Brookings. David, it's great to see you. >> Good to see you, Cali.>> Let's I guess go piece by piece here on the the rate cut itself. There will be those like Moran, I assume, pushing for a half point cut, but when you look at the backup in bond yields, you think that's this is probably not going to be the moment for that, right. >> I think that's right.He'll make his stand. Uh maybe he's still running for chair or something. And we know ...

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Hope you join me. Closing bell 3:00 Eastern. Rick Reer of Black Rockck will [music] be with me just ahead of this Fed meeting.He was said to be part of that final five. So we'll also talk to him about what's in store for the Fed going ahead. Stephanie Link, Michael Baptist, Dan Ies, Jeff Degraph.So [music] we'll round it out that way in just a couple hours time. Amy, final trade for you today is what. >> I'm going to use the Sendis which I just talked about biotech.>> Okay. Thank you, Shannonet Sakosha. >> ...

All right, I told you Amy Rascinet had some news uh moves, excuse me. Well, kind of news. Let's go through that.Uh, Ascendus Pharma is a new buy as D. Tell me more. >> Um, it's a 12 billion Danish biotech company.Um, it reached profitability this last quarter. It's had a nice run. Um, year-to- date it's up about 50%.But and we think it has a really interesting technology which extends the half-life of drugs which obviously improves the effic efficacy and safety of drugs and um they can license out to other ...

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We mentioned that breaking news on Nvidia. Let's bring in Christina Parts and Nevalis with more details on the story. Christina, >> hi Kelly.So I can confirm through a source that yes indeed the uh commerce department has approved the sale of H200 chips. These are Nvidia chips going to China. But I have to say that perhaps the you know uptick in the stock price may be a little bit premature.Why do I say that. Because China has previously blocked H20 chips. These are let's call them watered down versions of ...

strategy. Uh, bring it up because the target gets cut today to 450 from 600 at Bernstein. They reiterate their outperform.Joe owns it. Talked about it a lot. You own it in the ETF.You can't do anything. So, it is what it is. Bin, you don't own it, but you probably have the most Bitcoin related or crypto exposure on the show.>> So, crypto's been a mess. Obviously, Bitcoin's been a mess. Today, it's fractionally higher.If we get I think Japan and crypto are related. Yields yen are all related to crypto becaus ...

TERRANOVA BRYNN TORKINGTON SHANNON OSHKOSH JAMIE RASKIN. WE WILL CHECK THE MARKETS AT THE BEGINNING OF THIS VERY IMPORTANT WEEK. WE DO HAVE A VERY MIXED PICTURE.SO WE'RE GOING TO GET THE FED DECISION. BRYNN. NICE TO HAVE YOU IN THE HOUSE ON WEDNESDAY.ORACLE AND BROADCOM ARE IMPORTANT AS WE SAID TONY PASQUARELLO GOLDMAN SACHS KEEPS HIS RESPONSIBLY BULLISH STANCE. SAYS LOOKING FORWARD MY BASELINE VIEW IS NET POSITIVE. WHY THE FED'S INCREASING LIQUIDITY INTO AN UPSWING IN GROWTH.THE FLOW OF CAPITAL IS SUPPORTI ...

Let's let's hit a couple of calls. Um Uber, the target gets cut by five bucks at Morgan Stanley. Joe, you have this both in the tea and and personally.>> I do. >> The target also, I should say, got got raised at Loop by five bucks. So, it went from 115 to 110 at Morgan Stanley. It goes to 115 from 110 at Loop.>> It's kind of in this range between 80 and 100. Um I think you said you you sold out of some of it >> 95, right. Good sale.It it looks like it's pushing back towards the upper end of the range. I thi ...