Stocks (^DJI, ^GSPC, ^IXIC) are beginning September on a down note as of midday, with energy (XLE) leading the way down and with consumer discretionary (XLY) the least in the red. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Jen Rogers is joined by Yahoo Finance’s Rick Newman and David Nelson, chief strategist at Belpointe Asset Management.

Amazon and Wells Fargo end student loan promotion: report
It looks like Amazon is dropping out of the private student loan business after only a month following criticism. Back in July, Amazon teamed up with Wells Fargo to offer discounts on loans to members of Amazon Prime. Now, Consumer Reports says the program is over, and the Wells Fargo website that promoted the deal now takes you to its regular student loan page. Consumer advocates had criticized the program for pushing private loans over more affordable options.

Tim Cook says Apple may bring back billions to US next year
Apple CEO Tim Cook says the company may send billions of dollars back to the US next year. Cook made the comments in an interview with an Irish media outlet but did not say how much cash Apple might “repatriate” from foreign countries or when exactly it would happen. Cook’s comments come after the European Commission said Apple needs to pay Ireland $14.5 billion in tax penalties. In another interview, Cook called that demand quote “total political crap.”

Rise of the ‘nanny car’
Vehicle sales for August are out today, and there might be signs that the US auto market is plateauing. Fiat Chrysler posted a modest gain of 3.1%, but GM and Ford both showed material declines. GM sales fell 5.2% and Ford tanked by 8.8%. Despite signs that the US auto market might have peaked, you can’t deny that all the new safety features are adding both value and cost. But are cars becoming too safe?