China's largest developer recently reported a record 96% profit slump for the first half of this year. What kind of impact will this have on markets? In separate news, a Credit Suisse  note recommends going underweight on stocks while Jefferies is predicting that the Fed will raise rates as high as 4 percent next year.  What is the retail investor to read from these two different takes? Michelle Martin and Ryan Huang discuss what is moving markets today.