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.

A tale of two consumers.

What results from McDonald's and a slew of other companies tell us about where people are spending and where they're not?

And nearing a deal, the White House set to announce lower prices on the most popular weight loss drugs,

what it'll mean for the makers as a divergence between Lily and Nova grows wider and wider. Plus, from Qualcomm to Snap to Elf Beauty and more, we are dissecting another big night of earnings. Terrace takes under stage at the Supreme Court, and is it time to buy Roku, the chart masters here, her layout with the case for the streamer. I'm Melissa Lee, come to you, Laughpton Studio, Bia at the NASDAQ, on the desk tonight. C-Grassau, Carter, Worth, San Nathan, and Diadami. We start off with the latest signs. A K-shaped consumer economy is forming. McDonald's rising despite missing Wall Street earnings estimates before the bell. The fast food giant did see an increase in same-store sales, but commentary on the call was very cautious.

CEO Chris Kamsinski is saying low-end consumer traffic declined by double digits in the quarter,

adding that he expects pressure to continue in the next year.

That sentiment echoed by Chipotle in its report last week in Kava just yesterday,

both saying their core consumer base, which skews younger and more cash-strapped,

just isn't showing up. Outside of restaurants, after-hours moves and DoorDash and Elf Beauty

suggests similar pressure on those companies' client base. But commentary from Uber and Shopify

paints a very different picture. Shopify saying their consumer can't get enough while Uber

seems to see blue skies ahead for business firing

on all cylinders. We'll get more reads on the consumer in coming weeks, Ralph Lauren, Tapestry, Target,

and Walmart all still to come this month. So what is the real read on the consumer? Guy, what's your

take? Exactly that. There's two different economies right now. The people that are doing well that

are trading down but are still a bit, the ability to spend and then on the lower end people are strapped and i think that's been going on for quite some time and we see it in the performances of these stocks i mean walmart i think tells the story i think McDonald's to a certain extent tells the story although you need to get above $3.25. On the other end of the coin, if you're in the dollar stores, that's been a rough slog over the last couple of years. And if you're in the middle, you're absolutely nowhere. So this, to me, just reinforces everything I've thought for a while. 30% of U.S. transactions at McDonald's were the extra value meals, which is interesting. And they're also

saying that the uncertainty surrounding SNAP benefits are going to put further pressure on those

consumers who are already struggling. Yeah, that's a difficult situation. So hopefully that

resolves itself. New York Times, the Daily, had a podcast yesterday, going into a rural county in West Virginia

talking to folks, and go check that out. It was really sad. Hopefully they get that sorted out.

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