Right now on Fast Wall Street's next test, Home Depot and Walmart on the clock set to

kick off a monster week of retail earnings are rising rates in skyrocketing inflation,

starting to take their toll on consumers spending and what's the forecast for the rest

of the year.

Plus, crude back on the climb, gas prices hitting record highs, diesel demand off the charts,

and all of this with China so mostly sideline with COVID shutdowns, are we about to get a

new summer surge and later shares the Twitter right back where they started before all of

this must mania started the battle now over bots, the price tag and a smiling poof emoji.

How did we get here and where is this going next?

I'm Melissa Lee, this is Fast Money Life and then I was like marketing in the heart of

Times Square on the desk tonight, Tim Seymour, Karen Prynerman, Dan Nathan and Guy

Adami.

And we start with a big week for retail earnings on tap from the likes of Walmart, Target,

Home Depot, Lowe's, and others starting tomorrow morning.

And the results could give us our first real read on how the consumers handling decades

high inflation.

So what are we watching for in these results, Tim, what do you say?

Well, Walmart is interesting because relative to Target, it's actually not very cheap relative

to itself, it's relatively cheap, but in terms of who they serve, right, a lower to middle

class consumer, not entirely, but probably disproportionately hurt by higher energy prices.

So while this is a sweet spot, I think for the business cycle for a company like Walmart,

it is a case where I do think that a core customer may be most under pressure here.

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