Thanks guys. Fast money starts right now.

Life in the Nasak market site overlooking New York City's Times Square.

I'm Melissa Lear.

In the desk for Pete Nigeri and Tim Seymour, Steve Grasso and Guy Dami.

Tonight, health care getting slammed today down 2%, the worst performing sector this year.

By a long shot and one top technician says there's more pain ahead.

Plus Netflix reporting earnings moments ago.

Fast Money Friend and Loop Ventures founder Gene Munster will be here to give

us instant reaction in just a few minutes. And we start right there with Netflix earnings and

streaming giant beating estimates but coming in with light guidance for the current quarter shares under pressure a bit after hours

as we await the conference call, which really a sort of a video call, which kicks off in about

an hour's time.

So as Netflix come too far too fast, and as competition heats heats up is this as good as it gets

for the streaming giant and actually read Hastings address competition in the release

yeah we actually alluded to that last night.

So it's interesting.

The stock was up big today, obviously, maybe in sympathy and Netflix now, maybe people just

squaring up ahead of earnings.

But you tell me this earnings release, all right, the quarter was okay, but second quarter guidance, you know, if you told

me that ahead of time and said, you know, Gee, what's going to happen to Netflix with this second quarter

guidance? I'd say it's going to be down $15 to $20 and here it is down only a few. I'm actually really surprised it's trading as well as it is.

With that said obviously the conference call comes up in about 58 minutes from now or so.

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