Right now in fast crude collapsing, closing it on 80 bucks a barrel, the dollar

surging to new multi-decade highs against the pound in the end. And this as

mortgage rates climb and housing wealth tumble, the ripple effect of the

market straight ahead. Plus, TikTok's viral moment of Silicon Valley's biggest

annual conference code, Alpha that met a snap and more obsessed with the

Chinese tech giant. Even though they're not even there, we'll go inside this

infatuation coming up. And later Apple's big reveals an electric move higher

into Nioh and Mickey D's sweet treat come back from the 80s. I'm Melissa Lee. This

is Fast Money Life in the Nasdaq Market site on the Deaths Night Tim Seymour, Steve

Grasso, Guy Dami and Dan Nathan. And we start off at the Greenback Rally, 20

years in the making, the dollar index. Hitting its highest level since June

2002 today against the Japanese Yanan. It's 24-year highs versus the British

pound. It's best level since 1985. Soft markets today at least applauding

King Dollar. Nasdaq's snapping a seven-day losing streak. The S&P and Dow

gaining ground as well. All three indices going positive for the week. But what

will the dollar gains mean for the markets and the economy in the longer term?

Guy. You know that might. Hi. We talk about it all time. The Faith Hillsong,

that wrecking ball song that we like so much. That's what the US dollar

Faith Hill, right? Isn't that what it sings in? I really hope she watches it.

Different show. I guarantee I know she watches it with her husband. Billy Bob Thornton.

Anyway, a stronger dollar as much as it's great for the citizens of this

country. It's not great for multinationals. I don't think it's particularly

...