Live from the NASDAQ market site in the heart of New York Times Square, this is fast money.

Here's what's on tap tonight.

Fresh signs of a slowdown, new data showing the services sector is flatlining and raising the specter of stagflation.

What will it mean for stocks during a traditionally troublesome period?

And a consumer check, Disney and McDonald's both reporting before the bell tomorrow,

what will they say about demand and the strength of spending?

And healthy gains for Pfizer after its results, a coin flip for shares of Coinbase,

now down more than 30% in about two weeks,

and the CEO of Space Company Voyager Technologies

joins after his first earnings report as a public company.

What he has to say about the numbers and defense deals with the government.

I'm Mike Santoli, in for Melissa Lee tonight, coming to you live from Studio B at the NASDAQ

on the desk tonight.

Tim Seymour, Karen Feinerman, Dan, Nathan, and Guy Adami. Great to have your bike. Michael, this is a rare treat. It's a rare treat. It says pause for applause. No, we can do that. We can do that. We can absolutely do that. But we do want to start with a deeper look into the data that seemed to get

under the market skin just a bit today. The ISM services index unexpectedly falling in July,

but the price's paid component, a measure of inflation, rose to the highest level in more

than two and a half years while employment contracted for a second straight month. That, of course,

after Friday's weak jobs report.

Broader markets, they were all down today with the NASDAQ leading the losses. Utilities,

tech, and communication services, they were the biggest drags on the S&P 500. Modest moves, but our

markets properly pricing in risks to the economy at this point.

Guy, you know, look, the market showed a little sensitivity to this, right?

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