Live in the Nasak Market site in the heart of New York City's Times Square.

This is Fast Money.

Here's what's on tap tonight.

Housing headaches.

Inflation may be moderating, but one crucial component of

CPI remains stubbornly sticky, what it means for the economy. The one

crucial component of CPI remains stubbornly sticky what it means for the economy if rents and home prices stay high.

And scaling the summit shares a one biotech company have nearly doubled just this week.

It's only Wednesday.

We'll talk to the co-cios of Summit Therapeutics to get the latest

on their lung cancer drug trials. Plus, a read on the consumer from a firm CEO Max Levchin, what he's saying from the FinTech space

and what it could mean for the payment

stock.

I'm Melissa Lee, coming to you live in studio be at the Nasak on the desk tonight.

Tim Seymour, Karen Feynerman, Julie Beal in the house, and Guyadami.

And we start off with a major market reversal on Wall Street today. The Dow clawing

into the green by the close after falling nearly 750 points at the lows. The S&B up a percent, the big

winner, the Tech Heavy Nasak gaining more than 2% today led by some monster gains in

NVIDIA. We'll dig into that later on in the show. But all this action coming

after this morning's August inflation report, consumer prices rising 2.5% from a year ago, its smallest

increase since February 2021, but several key parts of CPI remain persistently elevated.

Rent was up 5% from a year ago.

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