Live from 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.

Markets on alert, stocks up and oil down even after Iran targets U.S. bases in the Middle East.

Are investors underpricing risks in the region?

And can they continue to shrug off rising tensions?

And a no-vo-no-go shares of the Wigobi maker dropping on its latest trial results and data on

Amgen's weight loss candidate sending those shares lower to, the latest on the space and

how to play the stocks right now.

Plus, KB Home shares dropping after its latest earnings report.

Tesla's long-awaited robo-taxie rollout sparks our rally, and Lulu Lemon shares trading at

five-plus year lows.

What is behind this move and can the company recover?

I'm Melissa Lee. Come to you live from studio, Biaz de Nazak on the desk tonight.

Tim Seymour, Dan Nathan, Guy Adami, and Julie Beale.

We start off with markets seeming to breathe a sigh of relief even as the U.S.

enters the war between Israel and Iran, while major averages dipped

on news Iran had targeted U.S. assets in Qatar. They reversed course as damage looked to be

contained and ended the day near their highs of the session. Oil prices meantime dropping,

with Brent crude settling down more than 7 percent. WTI crude also sharply lower as Iran avoided

any action in the Strait of Hormuz.

Volatility also down. The VIX briefly hitting its highest level in a month before retreating.

But treasuries did catch a bit with the yield in the 10-year hitting its lowest since early May.

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