Live from the NASDAQ Market State Overlooking New York City's Times Square.

This is Fast Money. I'm Melissa Lear.

Traders on the desk for Tim Seymour, Brian Kelly, Steve Brasso, and Guy Dami on the big show tonight,

U.S. Home Building, searching to a 12-year hive with uncertainties still

gripping the markets and a recession looming, could the proverbial wolf flow this house down,

then shares of Roku. Sliding close to 14 percent today will explain the latest plot twists in the melodrama

that is the streaming wars but first the fed cutting rates by a quarter point

with its members divided on further action this year despite Despite passionately opposing opinions both internally

and externally, the markets ended mixed on the day.

Did Chairman Jay Powell just thread the needle?

Guy, what do you say?

I mean, I don't know, let's put it this way.

I think when he opened the door to another round of quantitative, another round of, you know,

getting the balance sheet back up to where it was.

To me, that was the reason why the market

that went down 170 to basically unchanged on the day. So in that regard maybe

he said what the market needed to hear and in terms of myself you know sometimes you know, sometimes you have to be, you have to be confident in your

views, but there's a fine line between being confident and dogmatic.

And again, I've been barrished now for a month and a half, two months on the back of everything

we've talked about. but when you see price

action like we did on Monday on a day where I thought the market was going to be

down at least 300 Dow points 3540 S&P handles was down 10 you have to at some point say you know what the market

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