I'm Melissa Lee and this is fast money tonight straighter line up guy dummy Tim Seymour

Karen Pinerman and Steve Grasso tonight on fast the J-Pow pop stocks rally to all time highs

as a fed chief gives the markets another all clear will break down the record moops

straight ahead plus we're following all the action and shares of Lordstown Motors

is stock touching after hours lows the company just made comments about that short sell report

claiming fraud will bring you all the details and later tonight's fast take did US taxpayers

get fleeced by bailing out the airline industry didn't even need to happen we're digging

in on the sky high outrage but we start tonight's show just as we did last night with a question

does the market finally believe J-Powell now if you watched us yesterday we asked why no one seems

to believe the fed chief when he says rate hikes aren't coming anytime soon but today he couldn't

have been clearer Powell saying the fed isn't even thinking about thinking about hiking rates

until 2024 at the earliest and when they do finally move the market will have ample warning

his comments reigniting the record rally with the Dow and S&P closing at all time high so

does this meme really say it all

all right just to reiterate this is fake obviously it's a deep fake but does it's meaning ring true

guy i love the meemies you know i love those in the gifs are my favorite and i guess the answer

to going back to last night it depends on what market you're talking about i mean the stock market

absolutely believes him and you know i'm you know i'm somewhat hesitant to say it but that's

something you know i know Tim and Karen and Steve have been saying for a long time don't fight

these guys and the stock market continues on its merry way the flip side of that coin is

you know 10-year yields or an indication the bond market doesn't believe them because here we are

it's sort of you know north of 1.6 percent in a 10-year so one market does the other market doesn't

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