Right now in fast crude crumbling WTI down over 6% so far this week and over 11% this month the rest of the commodity complex sliding as well

What signal is this sending about the health of the economy in the markets will break that down plus time to shine is this being down chipsok about to get its

moment in the sun the big reveal the praises company is getting from the competition and the move it's having this week and later the chartmaster all

revved up about Tesla we will hear what he says this battleground EV stock is still a buy even after a 60% move higher this year I'm

a listly this is fast money reliable the Nasak market site on the desk tonight Tim Seymour Karen Feiner and Steve Grasso in

Carter worth of worth charting and we start off with a crude awakening for the energy markets oil prices closing out the

month with more losses WTI down more than 11% since the start of May that's its worst months since November 2021 and it hasn't just

been energy under pressure from livestock to grains to metals prices are falling across the board last month so what's the impact of these moves

consumer prices grew at their slowest clip in two years in April how will further decreases in potential disinflation filter into the

economy and the market so sensibly it could be seen as a good thing glass half full glass half empty right or a bad thing if it means

I mean I we just posted the lean hogs data so no I think if you look at week for example we're two and a half year lows were well

through pre russia Ukraine invasion obviously the biggest week producers in the world right there and if you look at

lumber if you look at all those things you said very very important for at least ppi whether it's cpi you know we're

going to get into that you actually have some great cpi numbers out of Europe this morning continues a pretty good run

France this morning Germany earlier in the week and and those dynamics are I think are important in other words the

reopening trade is taken longer than anybody thought in a lot of different ways including supply chain and

including the commodity space and as we say all the time the best thing for higher commodity prices is higher

commodity prices and I think when you're talking about wheat and when you're talking about lumber and you're

talking about base commodities there's a lot you can do with it when it comes to oil and I'm excited for this

conversation with Paul Sankey because I I think you're trading a lot on China sentiment I think you're

trading a lot on you know the dynamics around where true demand is any manufacturing data we're getting from any

part of the world certainly China last night but certainly the data here regional PMI's we had a terrible

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