Thank you, Tyler and Kelly, always ready. Stocks are in the red.

Nasdaq is falling hard, down 1.5%.

The most important hour of trading starts right now.

Welcome, everyone, to Closing Bell.

I'm Sarah Eis.

And here's where we start the week, holiday short and trading week, down 200 on the

Dow. Not too far off the lows. The S&P down about 1%. The NASDAQ down even harder, down 1.5% in small

caps hanging in there. This comes off of a down week the only

sectors positive right now are industrial's and materials energy is the

weakest link as oil prices slide further below $100 a barrel and check

out mega cap tech names something to watch into the clothes the fangs are all lower

Microsoft for including that in fang down more than 3% currently the worst performer in the Dow

That's why the tech heavy index is weighing on the overall stock market remember the Nasat composite was down 4% last week

So we are adding to those declines and it's all about higher interest rates the 10 10-year yield going to 2.75,

first time we've seen that since back in 2019.

We've got a great lineup to help you navigate all this market volatility, including

Tom Lee from Funstrad, Kyle Bass from Hayman Capital Management, Mark Mobius from Mobius

Capital Partners. Plus we will talk to former Twitter board member Mike McHugh about

Elon Musk's decision to now not join that company's board.

Let's get straight to the market though.

With stocks fall to start the week after the major averages all log losses last week.

Joining us now is Tom Lee of Funstrat advisors and Tom just remind us of your position you're not wildly

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