Right now in fast rate shock in the bond market six month

treasuries closing above 5% the one year within a whisper of

that level too. This as inflation is stuck at stubbornly high

level. So what's this moving fixed income saying about the

broader market plus a five star quarter for Airbnb shares

flying high after hours on an earnings beat the stock now

up over 50% this year will go inside the numbers and later

is it time to fade the farm trade a trade school on Tesla

battery travels at four and the options action on Nvidia's

red red hot rebound. I'm Melissa Lee. This is fast money

we're live at the Nasak market site on the desk tonight

Tim Seymour Karen Feinerman Dan Nathan and Julie

Beale and we start off with the market's topsy

terbary reaction to this market this morning CPI report

after an early pop socks turned sharply negative in late

morning while the Nasak falling more than 1% on its

lows but indices paired losses after Philly Fed president

Patrick Harker suggested that rate hikes are closer to an

end. The Nasak ending the day well in the green meantime

yields largely pushed their way higher with the six month

teabill closing above five percent hitting its highest

level since 2007 for more let's bring in CNBC senior

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