Right now and fast, a Fed Ponzi scheme.

One top investor says that is exactly what the Central Bank's policy amounts to.

What's got him so concerned and what does it mean for the markets?

Plus two long battered stocks both plunging today, but the chairman says a look at the debt

for these companies tells us two very different stories.

We'll get final minutes fine for it, and then moves in carnival and bedbath and beyond.

And data doldrums, hedge fund heightened gym chain, and says the data center stocks are the next big short.

The reason behind his call and what it could mean for the tech space.

I'm Melissa Lee.

This is Fast Money Life from the Nasdaq Market site in the heart of Times Square.

On the desk tonight, Tim Seymour, Karen Fireman, Steve Brasso, and Guy Adami.

We start off with a major warning from RH shares dropping after the company lowered its revenue outlook for the year.

The CEO citing higher mortgage rates and a slower housing market for decreased demand.

What's more, the warning comes just 27 days.

27 days after RH posted fiscal Q1 earnings, it joins companies like Microsoft, Snap, and Target,

which also cut guidance due to quickly changing market conditions just weeks after reporting earnings.

Karen Fireman.

Yes.

Melissa Lee.

The release is very interesting.

He cited a myriad of reasons why consumer demand would be slowing.

And yet, they still gave guidance for the rest of the year.

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