Welcome to Closing Bell, I'm Mike Santoli in for Scott Wopner.

This make-or-break hour begins with a tension release rally to start the week as the broad

index is tried for their first positive session so far this month.

Dip fires emerge in the battered semiconductor sector that's

helping the S&P 500 is a 1% gain. You see the Van X Semiconductor E.T.F up about

one and a half percent in video bouncing by 2.5%. This while Bond yields,

hold steady for the most part after the big drop on economic slowdown fears.

Last week, you see the two-year holding on a 370 the S&P 500 lifting modestly from

oversold levels as we said 54-50 actually where we ended the second

quarter so picking up a little bit less than 1% of the 4.2% lost last week.

Volatility index has tumbled more than two points on the day.

Clearly, traders clenched up for something a little bit worse coming into this week and able to relax just slightly.

That all leads us to our talk of the tape. Did the brutal start to September price in a bit too much

near-term economic weakness? Or is this today a head fake relief bounce with the burden

of proof still falling on the soft landing believers. We are going to debate all that

but first we turn to Apple which just unveiled its latest generation of devices built for AI.

Let's bring it Adam Parker of Trivariant research.

Alex Kantruitz of Big Technology, Bryn Talkington of requisite capital management and our technology

corresponded Steve Kovac who is on site and Steve let's start with you that you went

in there with your kind of checklist of what we might get in terms of detail. We now know what

Apple has unveiled. Were there any surprises? Was there anything you felt

maybe you expected to hear that you didn't?

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