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

Here's what's on tap tonight. Not doing it. Chairs in Nike sharply lower at this hour on a revenue

miss and a softer than expected outlook is this the latest sign of a

consumer starting to stumble will do a deep dive straight ahead. Plus the least

magnificent hard to believe that Apple is up nearly 50% this year. It's a worst performer among

the so-called Mag seven though. Can it go from the bottom to the top and 24 will

debate that and later Eli Lillian Novo Nordisk faddened up their bottom lines on the obesity drug

boom will be off the charts demand and not enough supply hurt potential growth in the

new year. We'll break that down. I'm Melissa Lee coming to you live from

Studio B at the NASDAQac on the desk tonight Dan Nathan

Karen Feinerman Gaiadami and our guest trader for the evening Lori Calvasina from

RBC. Welcome Lori.

And we start off with Nike swoosishing lower, the Sports Apparel Giant warning of

weaker revenue going forward. It also announced plans to cut $2 billion in costs over

three years. Nike's earnings call just kicking off. Our own Sarah Isens got

the very latest. Hey Sarah.

Hi Melissa, so this is a bit of a good news, bad news situation for investors.

On the good news front, Nike is really ramping up the profitability here.

That was evident in both the numbers and the comments in the

release. A dollar three cents per share was a big beat. Gross margins came in

better than expected as well. You mentioned the cost savings plan they're

announcing, two billion dollars. They say they're announcing, $2 billion.

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