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bring in show music please this is squawk pod from CNBC and Iamp;#39;m producer Cameron Costa on todayamp;#39;s episode a global market selloff we donamp;#39;t want to scare people but I mean when you see them NASDAQ down 800 points when itamp;#39;s down after the week we had last week fears of a US recession frustration with the US Federal Reserve and ass surge in volatility but fun strats Tom Lee says only time will tell how long lasting it all is with interest rates falling the consumer still in pretty good shape I think on the other side of this itamp;#39;ll look like a growth scare and Whartonamp;#39;s Jeremy seagull calling on the FED to take action right now Iamp;#39;m calling for 75 basis point emergency cut in the FED funds rate with another 75 basis point cut indicated for next month at the September meeting plus vice president kamla Harris said to announce her running mate aioamp;#39;s co-founder Mike Allen has the scoop on the hill CEOs have felt that this white hou