Live from the NASDAQ market site in the heart of New York City's Times Square, this is Fast Money.

Here's what's on top tonight. Credit crunched, anything tied to lending from private credit to car companies to money center banks, getting hit hard today.

The fallout for financials and whether there's any relief in sight. And the AI job threat block cutting nearly half its workforce as technology tools reshape the way it does business.

We talked to the author of one new study about just how deep the impact could be.

Plus tensions with Iran send energy stocks higher.

Is there a light at the end of the tunnel for solar stocks?

And we count down to Target's first earnings report under its new CEO, what we can expect from the retailer,

and how options markets are preparing for Tuesday's release. I'm Melissa Lee. I'm live in studio, be at the NASDAQ on the desk tonight, Tim Seymour, Bono and Eisen, C. Grasso, and Mike Co. We start off at the financial sector route that roiled Wall Street today. While major indices were down across the board, it was the financials posting the biggest

losses of the S&P 500 and Goldman Sachs, American Express, JPMorgan, together were responsible

for cutting more than 600 points from the Dow.

Seemingly every group in the space getting hit, Money Center, regional banks, deep in the red,

the KBW Bank Index

TETF posting its worst day since April of last year. Credit card companies like Capital One

and Amex also trading sharply lower. Asset managers taking on the chin too, Black Rock, Blackstone,

KKR, and Brookfield dropping on credit concerns. Goldman Sachs down more than 7 percent and one of the worst performing stocks in the Dow and the S&P 500 today. And private equity stocks taking another hit, Blue Owl, Jeffries, Apollo, and Ares now down more than 30% from their highs. So what do these continued concerns in the credit markets tell us, Tim, what do you Tim. Well, it tells you the market's looking

for anything to have a bad day. And it tells you also, you know, the debate of AI versus credit

debate, which is it going to be today, or is it AI inspiring credit concerns? And there's some of that.

There's also, you know, there's a little known, unknown UK mortgage lender that collapsed,

that created a lot of tension about complex mortgage derivatives yet again. And there was a number of banks that were tied to that. So it was a week when you had investment grade credit begin to widen. We haven't had a credit widening, period. I'm not sure that we've had one yet. But this is the beginning of something that I think is very concerning.

You know, you talk about a KKR and a Blackstone. I mean, these stocks have been not just, you know,

falling. They've, they've sliced right through some really important levels. This does feel

very much a, you know, an AI software-driven route that leads to credit lending. There are all kinds of terms of small bugs that crawl around that can't get out of that, you know, they're called cockroaches. And apparently that's the new term for credit lenders that the big bags don't like. But that's the story to me. And that's the story of today on a week when it seemed like it was, this kind of has stolen the

...