CNBC Daily Open: There’s a new narrative in markets

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CNBC Daily Open: There’s a new narrative in markets
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Higher commodity prices and demand might mean the Federal Reserve may not pause — or cut — rates as soon as markets expect.

Friday after a judge revoked his bail over alleged witness tampering. Government prosecutors said Bankman-Fried had sent over 100 emails to the media, including private diary entries of his ex-girlfriend, Coraline Ellison, to the New York Times. Bankman-Fried's expected to remain in custody until his criminal trial on Oct. 2., beating every other stock in the S&P 500 and making Nvidia the fifth-most valuable U.S. company.

's Kif Leswing explains the trajectory behind Nvidia's ascent, and where the chipmaker could go from here.The U.S. consumer is in focus this week. July's retail sales data comes out Tuesday. Alongside that will be earnings reports from a range of retailers, ranging from big-box merchandisers like Target, discount shops like

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