Right now on bass inflation still running red hot highest in over 40 years and one influential

that president saying today everything is in play so how do you trade this rising

great environment plus the chairwoman's in the money call on the money college they

Twitter soarings is officially suing you on must to complete his $44 billion buyout

what she doing next and where does this soap opera go from here and later a buzzkill

from an industrial supply company a look ahead to bank earnings and the rents to dam

high now that's a tease I'm willessily this is that fast money left in the nasak

markets right on the desk tonight bono and ice and care and find them in dan nathan

and guy dummy we start off with the inflation print 41 years in the making consumer prices

rising more than 9% in June the fastest pace since 1980 the soft markets end of the day

down a bit after the report but the moving yields was a much more pronounced one the spread

the two's tens hitting its lowest level since 2000 so does all this open the door for

an even more aggressive fed and what will the market reaction be because the market reaction

today was practically nothing down yeah well I mean listen there was a lot of volatility

under the hood I think the initial reaction was for the stock market like straight down

and if you looked at was going on in yields you know prior to the print we had the 10 year

at 2.93 it shot up immediately to 303 and then everything kind of moderating at some

point in the morning you're like okay everything's okay we saw some green on the major indices

that sort of thing I mean I think that earnings are really going to become the story here

and we just heard them talking about in the OT water corporations going to have to say

about how this inflation is impacting them we know that the five year break evens on inflation

are coming down pretty hard right so maybe this is just a moment in time a lot of people

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