Welcome to the CNBC Special on Mike Santoli. Jim Kramer is off tonight.

Another volatile session for the markets as investors are left to hang on for the ride.

The Dow is swinging nearly 650 points from high to low today before closing up about

a quarter percent. Well off it's highs of the day. The S&P also eking out again but still

closing below the 4,000 level the NASDAQ leading the gains closing up 1%. As investors try

to make sense of the roller coaster action tonight we'll hope you find opportunities in

it all. Coming up social media showdown Tiktok CEO testifying on Capitol Hill as multiple

states take action against it. Others meanwhile calling the hearing the next red scare. We

have the latest and the implications for the rest of social media plus chopping block

a short seller takes aim at the company formerly known as Square what it means for FinTech

going forward and making a move in movies. Apple announcing a $1 billion push into the

silver screen as the entertainment race heats up we'll find out who stands to benefit.

But we start with today's major market reversal. Let's bring in our market panel new street

advisor CEO and CNBC contributor Delano Sapporo I capital's chief investment strategist

Anastasia Amarosa and EY Parthenon's chief economist Gregory Daco welcome to you all.

And boy it has been choppy Anastasia I wonder how you're trying to pull a message out of

what the market has been doing here. Just a few weeks ago we were worried about runaway bond

yields to the upside the Fed was going to have to get some more hawkers the economy might

be overheating. It's completely turned around 10-year yield at a 6-month low and we're worried

about the economy suffering from a credit crunch as we price in some Fed rate cuts. So where

does it leave you as an investor at this point? Sure Mike well there has been so many

reversals in the last few weeks and just really in the last 24 hours and it's interesting

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