Fast Money

starts right now, I'm Melissa Lee, tonight's trader-up,

Guy Dami, Tim Seymour, Dan Nathan, and Karen Fireman.

Tonight on Fast,

Elon Musk has a new rival.

It is Sice. We will dive into Tesla's big move to quiet down an EV startup that has been taking the market by storm.

Plus a major mall deal goes bust, sending shares of Taubman, sit tanking.

But one of our traders is taking the opportunity to buy into the name. We'll find out why and how long will it take for travel demand to truly recover. We'll take a look at the one chart that may suggest things are getting back to normal much quicker than we all thought.

But we start off at the Nas Act's record day, the index closing above 10,000 for the first time ever,

led by big names like Amazon, Apple, and Microsoft, but the run was Cliff midday when Fed

Chair Jerome Powell said the Fed wasn't even thinking about thinking about

raising rates with the Nasak pairing its gains and sending the broader

markets close to the session lows.

So does zero forever?

What does that mean for this rally at this point guy?

Well it means, you know, everybody said it so I'm not splitting the atom here, I'm not breaking any news, but it means we've absolutely gone the route of Japan like it or not, and that's seemingly the course that they want to take. I think it's absolute madness. I have no idea why he couldn't

have just said we remain data dependent and that's it. I'm shocked that he felt it necessary to say we're not even

thinking about raising rates. I don't understand what that is.

I'll say this. That to me seems to be the same autopilot today's statement that he said

back in October of 18 on the other side that he got and I'll use the word

Frick a seed for so you know we're data dependent that's it next question and by the way

Does it lead to wealth inequality? Well, he seems to think not. I think the Fed and Central Banks globally are the main reason we are seeing this huge chasm between the have and the have not

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