Life in the Nazac Market site overlooking New York City's Times Square, this is Fast Money.

I'm Melissa Lee, traders on the desk, or Pete Nigerian, Tim Seymour, Dan Dethan, and Guy Adami.

Tonight on Fast, forget Disney, why Google could be the biggest threat to Netflix right now and it's all thanks to your teen.

We'll explain, plus one of our traders says this stock could be setting up for a big breakout.

We'll bring you that name, but we begin with a double whammy for the

markets. Sox finishing the day deep in the red as Jay Powell spoke and the US

turned up the heat on China the S&P 500 losing more than a percent and a half on

the day.

We've got full team coverage standing by to hit both big headlines.

Aiman Javras with us from the White House, but we kick things off with Steve Leisman and

fresh comments from Fed Chair Jay Powell.

Steve.

Thanks, Melissa, Chairman.

Jerome Powell, seven times in a speech on Tuesday, said interest rate policy will depend on the

economic data he added, though, the economy is overall in good shape despite some troubles on the horizon.

Many indicators show a historically strong labor market with solid job gains, unemployment

at a half century low, and rising prime- age labor force participation.

But there are risks to this favorable outlook, principally from global developments.

Growth around much of the world has weakened over the past year and a half,

and uncertainties around

trade Brexit and other issues pose risks to the outlook.

What's it all mean for the outlook for rates?

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