Fast Money starts right now live in the NASDAQ market site overlooking New York

City's Times Square. I'm Melissa Lear. Traders on the desk are Tim Seymour, Karen

Finerman, Brian Kelly and Guy Adami. Tonight on Fast Nike sinking, sinking after reporting earnings moments ago, the company conference

call kicking off right now. We'll bring all the headlines and get to Wall Street's first take on

the stocks reaction. Plus, another hit to the face for Mark Zuckerberg, the two co-founders of

Instagram jumping shift. Does the insider clash sell more trouble for

Facebook's flailing stock? We've got all the details, but first we start

off with the gladiator style battle being fought by the consumer.

You have the consumer inside the arena.

It looks like a fight to the death of the great sun with the rise is a 10-year

yield at highest level since May ahead of tomorrow's Fed meeting plus gas prices

they're soaring and finally fears of higher costs is terrace loom all things that

should be taking down the consumer but through it all retail stocks continue to rally to all-time highs consumer confidence is to

all the retail stocks continue to rally to all-time highs consumer confidence is soaring so the question tonight

are you not entertained just kidding the question is can the consumer continue to stand strong?

Is the strength a good sign for the stocks?

Gladiator guy, what do you say?

I'd like to think.

Double you know, it's funny.

Of course you'd like to think you're glad.

I'd like to think. I'd like to think.

I'd like to think.

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