Live in the NASDAQ market site overlooking New York City's Times Square.

This is Fast Money.

I'm Melissa Lear.

Traders on the desk or Tim Seymour, Brian Kelly, Mark Tepper, and Dan Nathan,

another Monday meltdown as Rate Shock hits stocks all three major averages

finishing the day. Steep in the red coming up you'll hear from one long-term

bull who says he is now the most spare she has been in a very long time. Also

ahead a pulse check on the consumer the three key events

coming down the pike that will tell us that the US consumer is alive and well

plus a bold call on Bitcoin one Wall Street firm says a cryptocurrency is about to

break out the magic number they are putting on big point right now.

But we begin with another tough day on Wall Street stocks hitting the skids and yields headed south.

It's just adding to Wall Street's Wall of Worry.

Goldman Sachs, Morgan Stanley, UBS, Bank of America,

all out with new notes, raising the red flag on trade tensions

hitting the market.

So what do we make of all this, this sort of, I don't know know stuttering in the markets based on trade.

Well it's interesting that you're getting some of the macro folks around the street

starting to become a little bit more concerned when in fact I do think that we've

seen Bonnier's telling us something very dramatic.

So 164 we close in the 10-year dollar holding in, but I think the concern around the rest of the world

truly that we're seeing some major contraction.

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