The U.S. is restricting Nvidia from selling certain chips in China, further pressuring a sector that’s already feeling the heat.
Plus, a top oil strategist warns that crude inventories in the U.S. are dangerously low.
And shares of Okta plunge more than 30%.  Is it a buy on the pullback?  Find out in three-stock lunch.

A midday market selloff, ARKK’s big outflows and the energy crisis escalates. 9/2/22

CNBC’s Kelly Evans and Brian Sullivan take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.