All right, welcome to the big show, Fest Money, right now we've got an energy

war. It's Russia's oil and gas battle with Europe, casting a long economic

shadow across the European Union and around the world, the market shock, the

ripple effects and the political endgame. That's coming up straight ahead. Plus

Netflix and chilled, shares of the streaming giant along with a host of other

media companies falling hard today. Look at why the sector is sliding and then

later on in the show, revving up an IPO for Porsche, a stock price that's

stretching higher and higher at Lulu and a countdown to Apple's very big reveal

all coming up. Those three stocks you can see on your board. I'm Dominic

Chiuin from Melissa Lee tonight. This is Fast Money Live from the Nasdaq

Market site on the desk. Next to me, it's Tim Seymour, Karen Finerman, Guy Adamie

and then Dan Nathan out at the Code Conference in Southern California. We will

start with another down day for the markets overall with the Nasdaq

posting its seventh consecutive day of declines. That's the longest losing streak

since 2016, by the way. The Dow giving up a gain of nearly 150 points at its

highs and then closing down more than 170 points as you can see there. The

S&P now nearly 10% off its August highs. Meanwhile, the yield on 10-year

treasury notes soared to the highest level in nearly three months. You can see

right now 10-year note yields 3.36% are there about the 30 year at 3.51 at its

highest since 2014. That as new economic data suggested the Fed may need to

continue its rate hike agenda and this as the energy crisis in Europe threatens

to bleed into other markets as well. So are the clouds overhanging the markets

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