Live in the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

Reading the tea leaves, markets closing well off the lows of the day while yields hit one-month lows.

What bank CEOs and Fed Chair Powell had to say about the economy and where markets had from here.

And chairs of Albertsons, LVMH, and Domino's, all posting outsides gains during the session will bring you all the headlines and all of the moves. Plus, crypto crumbles and takes a slew of related names with it. Walmart hits a new high on its partnership with chat GPT and alt energy fuels up. What's behind the moves in solar and nuclear today. I'm Melissa Lee coming to you live from the Aztec on the desk tonight. Tim Seymour, Karen Feinerman, Steve Brasso, and Guy Adami. And we start off tonight with the latest economic pulse check during this morning's earnings call CEOs of Wells Fargo, Citigroup, J.P. Morgan and Goldman Sachs, all highlighting the resilience of the U.S. economy, but did hint at risks on the horizon.

Jap Morgan's Jamie Diamond saying geopolitics, tariffs, elevated asset prices, and sticky

inflation are all clouding the long-term outlook, while Goldman SAC CEO David Solomon called

risk management imperative. In this environment, Goldman also reportedly told employees it

plans to trim its workforce and slow its pace of hiring as the bank pushes further into AI for productivity.

Meanwhile, Fed Chair Jerome Powell also out with remarks today saying the central bank is nearing the end of its balance sheet drawdown.

He also said the alloc for inflation and employment has not changed much since September, keeping the prospect of two

more rate cuts this year on the table. Those comments helping stocks rebound midday, though the

S&P and NASDAQ still finish in negative territory. The 10-year yield briefly dip below 4% as

investors look to safe havens, though. It's now trading slightly above the 4% mark. So what

did the move signal to you amidst all this commentary about the U.S. economy being okay now, but maybe not for long, Guy. Actually, it sort of made sense to me, and I'm not pretending I knew it was coming. But, JP Morgan, Jamie Diamond said his stock is expensive. We've talked about that, almost three times tangible book. It is a little bit expensive. Thinking of former Wells Fargo, it's a re-rating.

Wells was in penalty box for years. They're finally starting to get out of that penalty box. Self-inflicted, by the way. So now a little more than two times tangible book, you know, maybe that's where it should be. Citibank, I think we've collectively talked about just being cheap to its peers. We thought somewhere between 102 and 105, it got there. So it all made sense. I will say that I thought the quarters across the board were very good, but I think in my opinion, and Jamie Diamond spoke to this, a lot of it might be priced in on certain metrics. But in terms of what the earnings and what the commentary is saying about the economy, I thought,

in the markets, I thought that was particularly interesting during a time where we're not getting

any economic data except for a CPI report due in a week or so.

Well, I mean, Jamie Diamond always tends to be more, right, conservative. More pessimistic, yes, conservative.

And this was no different.

I think they're all seeing that we'll get to it more later,

but they're all, for their environment, their world, it's pretty good.

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