Live from the NASDAQ market site right in the heart of New York City's Times Square,

this is fast money, and here's what's on tap tonight. Out of energy. Oil stocks by far the worst

performers in the S&P today. The sector is seeing its worst drop in more than two months,

what to make of the move and where shares are heading from here. And is it ever too early to count down to Christmas?

We're still three months away, but new data already suggests this year might not be so

merry for the retailers.

We'll break down the winners and losers potentially.

Plus, glowing Google.

Shares at records after an antitrust win, the latest earnings from Salesforce and Figma,

and why the Chartmaster

says shares of Ferrari are about to shift into reverse. I'm Dominic Chu, and from Melissa Lee

tonight coming to you live from Studio B at the NASDAQ market site on the desk around the

Steve Brasso, Karen Feinerman, Dan Nathan, and Guy Adami. We're going to get to that story we

brought you last night in just one

moment, Alphabet locking in its best day in nearly five months and closing it an all-time high.

But we're going to start with the big drop in energy stocks. That sector falling more than 2%

and erasing a week's worth of gains. Conoco Phillips announcing it it will cut its workforce by 20 to 25%.

That sent names like APA Corp, Diamondback Energy, EOG, Devin Energy, all lower in sympathy.

While the biggest names in energy, Exxon, Chevron, and Shell also took a leg lower as well.

Feeding the tumble is a commodity getting slammed from all sides.

OPEC Plus is considering another output hike, while tariff concerns inflation and economic

uncertainty in the U.S. has traders worried about demand. Could things get even worse for that

...