Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on top tonight.

A big bank warning, a JP Morgan executive making some comments that sent the shares sinking midday,

what they said and what it means for the consumer and the rest of the banking space.

And a retail pairs trade, Walmart and Costco have had vastly different years so far,

but how do you play the names in 2026?

We dig into the charts to find out.

Plus, we're counting down to the last Fed decision of the year, all the headlines from GE-Bernova's latest investor day, and Nvidia shares giving back all of yesterday's China bump.

We've got the latest reaction from D. from VC and the company's AI ambitions.

I'm Melissa Lee. Come to you live from Studio v. The NASDAQ on the desk tonight.

Tim Seymour, Dan Nathan, Guy Adami, and Chris Barone, partner and chief market strategist

at Stratigas, a Baird company.

We start off with today's big reversal in J.P. Morgan shares plunging into the red midday

after the company's consumer banking chief

told investors that 2026 expenses will rise to $105 billion. It's more than 10% higher than this year,

more than what analysts were forecasting. Those comments at the Goldman Sachs Financial Services Conference

pulling down other bank names like Bank of America, Wells Fargo, and City. Leslie Pickers here on set with

more on this. It was a big decline for those comments. Yeah, it was pretty surprising. The way

Lake described it is that the firm needs to spend more to grow more. And while the expenses

are more than $4 billion higher than the street was expecting, She said that's largely due to higher activity

levels, which drives more incentive compensation and marketing. The firm also plans to invest more

in branches, bankers and advisors in addition to, yes, of course, AI. As analyst Mike Mayo pointed out in a

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