Tonight on this CNBC special Back to Business, a rocky start to September, stocks tumbling

in the afternoon. On average, September is the worst month for the major indexes. So,

is today's action. Just the start of a September swoon. We will drill down on the moves. Today's

early gains turning to losses as investors forgot about the jobs report and focused instead

on a brewing energy war in Europe. We will break down what's come for the energy markets

with RBC capitals, Haleema Cros. Plus, a front row view of the jobs market with Paycheck

CEO Marty Musi and Mad Money Host Jim Kramer's take on how to set up your portfolio for

September. I'm Becky Quick. Thank you for joining us on a dramatic day for the markets. After

what many people described as a Goldilocks jobs report this morning, stocks shot higher

up the open. The Dow up 370 points at the high of the day. But if you packed up early and

left for the beach, look out in the early afternoon. Russia's gas prom saying that it will not

reopen a gas pipeline to Germany. It's blaming, yeah, maintenance issues, but we'll see if

you believe that. Stardust did turn sharply lower. I think settled down briefly, but the

selling accelerated once again into the close. And then after the market closed, more

potential bad news for the markets. The U.S. State Department approving a potential sale

of Block Two Sidewinder missiles to Taiwan for $85.6 million. Now, let's wrap things up.

The Dow closing down 337 points on this Friday. That was a swing of more than 700 points

from the high of the day. The Nasdaq, lower by nearly 1.5 percent. That extends its losing

streak to 6 days down 8 percent over that period of time.

Three M, the biggest loser on the Dow, and down 14 percent in a month. Meta also lower

by 3 percent today, despite reaching a deal with Qualcomm to develop custom chips for

metaverse applications. And Starbucks falling as the markets react to news of the company's

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