Right now on fast the pantry keeping a tight grip on Wall Street. The major

average is falling for the 5th straight day. Today's trigger, the historic drop of

the British pound are these outsides moved in currencies, commodities and bonds,

masking a bigger looming problem straight ahead. Plus Amazon getting prime for

Christmas early next month launching a second prime day in October. This is

assigned retailers are worried if they don't get the consumer dollars for the

holiday early, they'll be gone. And later, CNBC's billion-dollar buyer

softly by fast money. Tillman for Teeta will join us to talk about the

state of the dead markets inflation and the health of the consumer. I'm

Melissa Lee. This is fast money. We're live with the Nasak Market site on the

best tonight. Follow a nice and Steve Brasow, Brian Kelly and Guy at Dami. Welcome

back guy. We begin with the S&P 500, not your new closing low for the year,

posting its 5th straight day in the red. While the Dow Jones slips into bear

market territory, dropping more than 20 percent since its high head back in

January, all this has a British pound falling to an all-time low this morning

against the dollar. Just this month, the pound has dropped more than 8 percent. The

pound's pain has been the dollars gain. The Dixie up again today and for the

month, it's climbed close to 5 percent. Rates continuing to surge also. The two

year climbing more than 13 basis points closing above 4.3 percent. Check out

the 10-year surge 22 basis points. Just today, the yield now 3.92 percent.

Something just doesn't quite feel right, Steve Brasow. When you see these

massive moves that you typically don't see, it's a short amount of time.

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