Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
Fed Chairman Ben Bernanke weighs in on the economy Tuesday, and he is expected to acknowledge the recent slowdown but may withhold a view on the duration.
"There's a big debate about whether what we're seeing right now is the beginning of a sustained slowdown or just (the effect of) short-term factors," says one chief economist.
The economy's shift into low gear likely made for a worrisome decline in job growth in May.Economists forecast nearly 100,000 fewer jobs were added in May than in April, which had job growth of 244,000.
Economists also slashing second-quarter U.S. GDP forecasts to the 2 percent range but have not changed the second-half outlook yet. A big concern is that if the markets remain rocky, or the negatives start really denting sentiment, the slowdown could become self-fulfilling.
The economy has struck a soft patch that is likely temporary, and the second half of the year should be better, some economists say.
New data on the consumer and housing greet what promise to be thinly traded markets Friday, ahead of the long Memorial Day weekend.
Names on the move ahead of the open.
Along with the VIX, the fear factor is rising on Wall Street and that could play a role in Tuesday's trading.
Check out the companies making headlines after the bell Monday: 21st Century Fox, Yelp, Gap and more.
Gold is on a tear in 2016, but it may take a rally to this level before investors believe a bullion bull is for real this time.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
Senior Producer - Breaking News
Dominic Chu is a markets reporter for CNBC.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.