Hi, it's Melissa. Before we jump into today's show, I've got something exciting to share.

On December 11th, we are hosting a special edition of Fast Money Live, trading the holidays right here at the NASDAQ market site. You get to watch a live taping of Fast Money, meet and interact with the traders, and, of course, celebrate the holiday season with us. It's stocks and cheers in the heart of the city, Times Square, in December. You will not want to miss this.

Tickets are available now at CNBC Events.com slash fast money.

Live from the NASDAQ market site right here in the heart of New York City's Times Square.

This is fast money. Here's what's on tap. The Fed, in focus, Jerome Palin Company delivering on a rate cut. Stock's mostly

shrugging it off, but one group had a nice pop. We're going to dissect what may be in store for the

rest of the year. Lily's next move, they want to sell you an obesity pill. Well, investors buy in.

Plus, the retail rally, Lyft scoring a big win in the ride share

battle, and why the chartmaster says it is time right now to sell maybe the biggest

China name of all.

Hi everybody, I am Brian Sullivan in for Melissa Lee tonight coming to you live from the

Studio B at the NASDAQ and on your desk tonight, Mr. Tim Seymour, Dan Nathan. How's all right? How are you doing, Tim? Yeah. And Michael Kontopoulos, he is the deputy chief investment officer at Richard Bernstein advisors. Also have Carter Worth coming up in just a minute. Tim looks a little underdressed in that picture, huh? How so? Well, you got, I mean, no, you guys are, you guys are just...

I don't know what's going. This kid go off the rails.

We're not like after 20 years. We're not change in the uniform tonight, all right?

Sandy Cannell, let's make he wants blood pressure down. All right. Let us start with

where else the Fed and stocks. The Dow making a new

high, small caps got a little bit bigger. The NASDAQ, though, did not play a starring role here

on Broadway as some tech stocks pulled back. In bonds, don't get your hopes up that mortgage rates

are going to come crashing down anytime soon.

A 10-year yield ending pretty much where it began the day.

Oil and gold both lower, as the U.S. dollar actually did something it hasn't done a lot of.

And actually went higher against most major currencies.

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