Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange today.

This make-a-breakout begins with stocks on edge, a couple of culprits, a report that new China sanctions could be coming.

We'll show you that and some very pointed comments today from JP Morgan Chief Jamie Diamond on a number of market-related topics.

You'll hear Diamond's greatest hits coming up in just a bit.

We'll show you the scorecard here with 60 to go in regulation. It was during halftime when things

started going south for stocks, but a bit of a recovery in the last 20 minutes or so after President

Trump said he's sure he'll speak to China's President Xi and hopefully work it out.

NVIDIA falling sharply along with other chip names on that earlier headline and sitting

lower on the day.

You see NVIDIA is still down by some 3%.

Mega caps in general, they are weaker today.

Tesla shares, well, they're clearly in focus.

Elon Musk bidding farewell to the White House. We'll discuss

what his return might mean for Tesla shares going forward. Elsewhere, Gap a big mover and certainly

worth noting today, that stock down 19% after its earnings report. All of it takes us to our talk

of the tape. With the best month in years about to be in the books, what does the summer hold for stocks?

To help answer that, we begin at the White House, our Megan Casilla and that headline that

hit midday.

And then the comments just a short time ago that sort of turned things around just a bit,

Megan.

Just a bit, Scott, that's right.

So first, that headline that hit

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