Right now in fast the risk on rally rolls on not even reports of a possible

Russian missile strike into NATO territory to keep the markets lower. There

was a pop in Walmart, semis and a lot of names in the EM space. There's a time

to fade this rally or stay long. Plus, Medicare keeps moving higher is new

tough talk from the head of the FBI about TikTok, a key driver for the social

surge. And later an activist calling for job cuts at Alphabet, earnings for

target and lows on deck and Bitcoin getting a bounce even though another

crypto company is reportedly filing for bankruptcy. I'm Melissa Lee. This is

fast money. We're live at the Nasak market site on the desk tonight. Karen

Pinerman, Tim Seymour, Steve Grasso and Mike Co. We start off at the wild ride

on Wall Street. The doubt climbing is much as 450 points early in the day

after another better than expected inflation report. But it fell sharply midday

after a report that must a Russian missile struck Poland falling more than 200

points at its lows. At the end of the day, all three major indices managed to

close in the green with the Nasak leaving the way up almost a percent and a

half. And take a look at some of the individual movers. Walmart, the worst

performer in the day, yesterday, now the best rising more than 6% after earnings

were its best days since July 2020. And Chinese tech stocks continuing their

rally accounting for a four of the top six performers in the Nasak 100. So what

does today action today's action tell you about where the markets are heading

from here? There seems to be a belief, Tim, that the Fed will be at bay because

of this tame PPI number. Well, there seems to be at least some view now that we

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