Fast Money Starts Right Now, live from the Nasac Market Site overlooking New York City's Times Square.

I'm Melissa Lee. Traders on the desk, or Tim Seymour, Karen Feiderman, Steve Brasso, and Dan Nathan.

Tonight I'm Fast, check out shares of Costco Costco jumping 4% after reporting earnings moments ago.

The conference call is kicking off right now.

We'll bring you the latest details.

Plus, we are going yield hunting.

Some of the highest dividend paying stocks are soaring. The traders tell you the names they still think have more room to run.

But first we start off with the market sell-off. stocks getting slammed today, down more than 300 points at the lows of the session.

The market now on track for its worst week of the year.

And we are starting to see cracks in the market,

spreading transports.

Now down for the 10th day in a row,

the worst losing streak in more than a decade.

Small caps are getting smacked, falling deeper into correction territory, and the chips,

they're getting crushed.

So as many of the things that let us hire are looking like they are breaking down,

is it a sign

that the worst is still to come how bad could things get? Well think about how good

things were and I think you know this is really a case of we've oversold overbought

etc repositioning but look the market over the last few days is

telling you it's very concerned about growth not worried about inflation it's not

worried about trade it's worried about growth look you have treasuries down at

...