Fast money starts right now.

Life in the Nasak Market site overlooking New York City Times Square.

I'm Melissa Lee.

Traders on the desk or Tim Seymour, Carter Wirth,

Steve G.G. G.E GE is lighting up the industrial giant on track

for its best week and nearly a decade.

Is the turnaround here?

Plus, crypto goes to college.

They call him the Warren Buffett of Yale and he's betting big

on the crypto universe we will tell you what that means but we start off with the

tech bloodbath. Oh that is dramatic! The Nasak down a stunning 3% this week having its worst weeks since March as rates rise and investors

press sell on what has been the hottest trade of the year.

Check out some of the moves, AMD, Netflix, PayPal, even MasterCard, all getting crushed.

So with no end to the rate rise in sight, is there more pain ahead for this high-flying group?

What does that mean for the market rally overall guy?

Certainly feels like, well, no no and there's going to be an

end in sight but it certainly feels like for the short-term at least now the the

path of least resistance things feels like it's lower and it's funny a couple

days ago I'm like you know what this market just can't stop going higher it's funny a couple days ago. I'm like, you know what this market just can't stop going higher, it's going to continue to grind.

Rates didn't matter. All of a sudden now rates do matter.

But I'll tell you this as well. I do think it has something to do with the fact that the rhetoric with the Chinese

continues to escalate instead of go the other way so I think that's part of it as

...