Live from CNVC Global Headquarters, this is Fast Money.

Here's what's on tap tonight.

Race on the rise, the 10 year back above 4%.

And it's been on the climb since the Fed cut rates last month.

The two year moving in the same direction as well. What's the

bond market signaling and do stock investors need to pay attention? We'll

debate that. Plus prepping for Milton, a massive cat-5 storm is bearing down on

the west coast of Florida as the area is still

cleaning up from Hurricane Helene. A live report on the path and the preps coming up and

later breaking down a rare downgrade of Amazon inside the brewing activist fight

at Pfizer and a resource stock one of our

traders is calling a juicy long. Oh boy. I'm Melissa Lee here in studio at

the same you see on the desk tonight.

Tim Seymour, Guy Dami, Dan Nathan, and Carter Worth.

And we start off with two big factors weighing on the markets.

First, the rapid rise in rates that brought the 10-year Treasury yield back above 4% for the first time since early August

The benchmark bond has risen more than 30 basis points in just the last four sessions

Two-year yields also jumping today while the spread between the 10 and the two hit its lowest level in nearly a month.

All this is we await Thursday a C. P. I report for September.

Meantime, stock indices tumbling late in the day as tensions escalate in the Middle East the Israeli military

saying it will soon launch operations on Lebanon's southern coast.

So does today's action mark an end to the record rally that we have seen in equities.

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