Live for the NASDAQ market site in the heart of New York City's Times Square.

This is Fast Money.

Here's what's on tap tonight. A rate route, tenure yields dropping to their lowest level in more than two months

as the Nasak and

S ify notch new record closes will stocks continue to catch a bid and can the

Dow catch up and a media meltdown shares a Warner Brothers discovery posting

their lowest close since its spin-off from AT&T and it's not the

only name feeling the pain what's behind this pullback and can these stocks launch a

turnaround plus magical pharma shares trading near their highs of the year after analysts at Wolf Research

this week called its liver disease treatment the biggest biotech launch in 2024.

We'll talk to CEO Bill Sybold about the launch and about competition from the

GFP 1 heavyweights. I'm Melissa Lee coming to you live from City of B at

the Nasdaq. I'm the best tonight. Tim Seymour, Karen Feinerman,

Bono and Isen, and Guyadami. And we start off with another set of records on Wall Street with the

S&P and Nasak both closing at all-time highs. The move coming as yields

moved lower on another surprisingly cool inflation report. The benchmark

ten-year dropping to its lowest level since early April

after producer prices unexpectedly fell in May. That combined with yesterday's soft

CPI report further raising hopes were Fed rate cut this This year we're going to get more on

that in just a few minutes. But first we do want to alert you that we have an alert on

Tesla votes on Elon Musk's 56 billion dollar pay package just coming in.

The NBC's Phil Abbeau has the latest.

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