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Good morning. Today is Wednesday, August 24th, and I'm your host Julie Morgan.

Our top stories, student loans, Twitter and Tesla, and later tattooed Chef, Exxon, Amazon, and Lyft.

Major market averages closed lower Tuesday after a choppy day of trading following Monday's

worst session for stocks since June. Of the 11 S&P sectors, four finished in the green, led by the energy

space while the remaining seven ended lower. Real estate was the day's worst performing segment

of the market. The Fed's Jackson Hole meeting this week still

remains in view. Meanwhile the 10-year Treasury yield gained two basis points to

3.05 percent on Tuesday. The two-year yield rose four basis points to 3.29 percent. The market is now pricing in a 60 percent chance. The Fed hikes by 75 basis points next month. Elsewhere new home sales for July came in lower than expected by 12.6% at 511,000,

while economists had only expected a drop to 575,000. In the earning spotlight today,

Invidia, Salesforce.com, Royal Bank of Canada, Snowflake and Autodesk.

In our day watch, online tutoring company Nurdy jumped 24% after the company CEO purchased 5 million shares.

He bought those shares at an average price of $3.50 a share on

Saturday according to a form 4 filing. He has now purchased more than 10 million

nerdy shares this year for more than 3030 million. The family now owns a 39% stake in the company.

Nurdy shares are down more than 23% year to date.

Zoom Video Communications Pl Communications plunged nearly 17% on Tuesday after the communication software

a company reported second quarter results that missed estimates and provided soft

guidance. Zoom said on an adjusted basis it expects estimates and of 1.095 billion to 1.1 billion dollars.

For the period ending July 31st,

Zoom said it earned $1.05 a share

...