Fast money starts right now live to the Nazak Market site overlooking New York

City's Times Square. I'm Melissa Lear. Traders on the desk for Pete Nigerian, Tim Seymour,

Karen Finerman, and Dan Nathan. Check out shares at Cisco. That stock storing after

reporting earnings moments ago.

The conference calls going on right now will bring you all the details.

Plus, send me showing signs of life exiting correction territory after getting taken

down by trade war tensions.

But is the worst really over for the group?

A top analyst explains.

We start off with the bond yield breakdown, the 10 year near its lowest levels of 2019,

breaking below 2.4% after weak economic data in China and

disappointing retail sales here at home. A sign perhaps a global slowdown is

already hitting closer to home? Is this bond market flashing a warning sign for us? Just how worried

should you be? Tim. You got to love the double-07. I mean we love entendre on this show so

let's make this very clear the bond market should you be concerned.

Yes, and as I'd like to say, and I've said it probably way too many times for a lot of viewers,

but a growth scare is much worse than an inflation scare.

I'd rather see more fed than less Fed right now and as much as

people want to see rate cuts. I do think the dynamic where if anything we've got a Fed that's nowhere

near cutting any, hiking anytime soon, whether they're cutting or not, who knows.

Bottom line, I think we're at 220 before we're at 280 on the 10-year.

The key really right now for me would be credit, but to the extent that you see sovereign bond yields around the world

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