Right now in fast the Fed is on the clock just 21 hours until the next decision on interest rates and chairman Powell's all important news conference.

The markets had a strong start to the fourth quarter. What are the chances the rally can keep rolling along?

We'll debate that. Plus, a flood of results crossing after the bell from AMD to Airbnb to Caesars and more.

The stock moves have been all over the map will go inside the numbers.

And later a fresh call to ban TikTok here in the United States.

The details on one FCC commissioners push to get the Chinese video sharing app shut down.

We will go inside the impact for names like meta snap and more.

I'm Melissa Lee. This is fast money live at the Nasdaq market side of full house on the desk tonight.

Tim Seymour, Karen Vinener and Courtney Garcia and Bono and Ison.

And we start off at the countdown to the Fed. The central thing widely expected to announce another 75 basis point.

And in hikes tomorrow and investors will be laser focus on any indications of how much higher they will take rates.

Major average is dropping slightly ahead of the decision.

The Nasdaq giving up a gain of more than one and a half percent at its highs.

Locking its fourth down day in five sessions.

But a couple of single stocks making some big moves today. Take a look at Amazon.

Dropping five and a half percent falling out of the trillion dollar club for the first time since April 2020.

On the other hand, so far jumping more than five percent after the company boosts guidance for the year.

The stock at its highest level in over a month and win up another six percent on top of yesterday's gains.

That's the best two day gain in two years. So what does all this action tell you Tim?

Well, it tells me that the Fed still very much in play because when I think of the price action today,

we came into a China rally, which was suddenly less locked down.

Maybe China's opening up. Ha ha. We've heard that so many times.

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