Fast Money starts right now.

Live from the Nasak market site overlooking New York City's Times Square.

I'm Melissa Lear.

Traders on the desk are Tim Seymour, David Seaberg, Brian Kelly, and Guyadani.

Tonight on Fast, General Electric's moment of truth is coming next week at its

investor meeting on Monday and one of our traders bought shares today. He'll tell you why he thinks

the worst is over. Plus, it's a biotech beat down. This group of stocks

nearing correction territory after a very rough month or are any of the traders buying this dip?

And later, Bitcoin's wild ride, it's search for record highs, but down 7% today.

So given all the volatility, why are investors still diving in?

BK's got some thoughts.

But first, we start off with Alibaba Singles Day, the largest online shopping day in the world.

Last year the Chinese e-commerce giant gross $18 billion.

So let's check in with Eunice Eunice

who's in the middle of the action in Shanghai.

Hi, Eunice who's in the middle of the action in Shanghai. Hi Eunice.

Hi good morning Melissa. Sales just crossed 13 billion dollars and that's not too

shabby considering that most analysts believe that this number could go as high

as 24 billion dollars after this whole 24-hour period ends.

Now, Singles Day, as you know, started as this anti-Valentines Day was for Lonely Hearts,

but then in 2009, Alibaba transformed it into this shopping extra, inviting A-Listers

like Nicole Kibman, this year to come to the festivities and in terms of the

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