I'm Melissa Lee and this is Fast Money Tonight's Trader lineup

Diadami Tim Seymour Karen Finerman and Dan Nathan tonight on Fast chairs of

General Motors yes General Motors soaring today on a new deal with a red-hot

EV name so is this the dawn of a whole new era for the old Guard

automaker plus we're tracking after hours action and two work-from-home

darlings but has the summer shine worn off these names will break down the

numbers and later a magical moment for Disney what one analyst says will be the

driving factor for the stock to this year but we start off with another big

sell-off on Wall Street with the Dow falling as much as

670 points at the lows, the Nasak nearly dropping back into correction territory

after heading an all-time high just last week.

And check out just how far some of the high-flyers have

fallen. Tesla down more than 34% from its all-time highs hit last Wednesday.

Apple down 18% Microsoft and Alphabet 2 seeing some major losses.

So when does the pain stop?

Guy.

Hi Mel, well, it's interesting.

So obviously I've been pretty skeptical, the entire move higher, or most of the move higher I should say we've had good calls bad calls along the way

But something sort of struck me last week. I think it was Wednesday when you had those headlines from the CDC putting on

notice people from the 50 states to get ready for the vaccine and the market had that huge

rally to the upside what it caught me off guard or what caught me by surprise

or what sort of was the tell from it was the fact that the volatility index didn't buy it and that

...