Right now and fast we are wrapping up what has been an ugly month and ugly quarter for stocks with another slate of losses

The Nasdaq down 10% in September the Dow down more than 6% in Q3 major markets all on pace for historically bad year

But is there hope ahead as you get ready to kick off Q4 plus a new era for meta Cheryl Sandberg

Officially leaving the company formally known as Facebook after 14 years

So what's in store for the stock now and biotech for a balance of mid-a-sea of red this week the sector managed to gain

3.5% since Monday and the charts may suggest there's even more upside ahead

We'll give you a way to play it. I'm Melissa Lee. This is fast money. We're live in Nasdaq

Marketsite in the heart of Times Square on the desk tonight Tim Seymour Steve Grasso Jeff Melz and Julie

Beale of Kane Anderson's Rudnic and we start off with a September to remember

But maybe not so fondly major markets rounding out the quarter with big monthly losses the Dow dropping early 9%

It's worst month since March 2020. It's worse September since 2002

The loss is pushing all major indices into the red for Q3 the S&P and Nasdaq both locking in their longest quarterly losing streak since the

Financial crisis what's in store as we kick off the all-important holiday quarter?

There's some reasons to worry Nike and Red Decentre's latest earnings report both raising red flags about the consumer in this morning sentiment

Report came in worse and expected. So is it possible? Is there hope that the consumer can save us all?

Tim Seymour, what do you say? I think consumer always saves us Mel and so I I think in this economy

Which is a consumption driven economy? I think folks know that it's about 70% of the economy and that's why there may be more reason to be concerned about

Stall works like Nike pulling back and and it obviously today was a day when you looked at other

pristine best class friends like a Lulu lemon which had also a very difficult day and if the consumer is struggling

Then you have to question the multiple you're putting on these companies

I don't think you question the 44% inventory increase at Nike as much as you question to what extent is the consumer going to start to run out of gas and

To extent that they started to allude to promotions. I'll just say this the consumer has a job and this has been it was another important theme of the week

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