Market Rally Fades Fast // Will Powell Be Renominated? // Uber May Finally Post a Profit - 9/21 (Hour 1)

(0:55) - Markets opened in rally mode with major indices nearing 1% gains, but they began to pull back quickly. The guys discuss yesterday's sell-off as it pertains to Chinese real-estate giant Evergrande, as well as touch on selling heavily at times like this.(10:30) - Barry & Mike give historical context to the Evergrande situation in China, relating it both to previous financial crises in China and in the United States.(25:54) - Lawmakers and investors alike are waiting to see if President Biden will renominate Fed Chair Jerome Powell after his term expires. If Powell is not renominated, will it cause a correction in stocks?(32:26) - Despite being operational for 14 years now, Uber has yet to post a quarterly profit. However, the company came out and said they do expect to reach "a measure" of profitability for the quarter.