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 top tonight.

A post-job sell-off, stock sinking, yields spiking and volatility hitting three-week highs as concerns grow about where the Fed is heading.

We break down all the moves and how next week's CPI print could factor in.

And the year of the obesity pill, pharma companies seem to have

a singular focus this year where the top players stand in the race and the stocks that could see the

biggest gains. Plus Delta shares take off as earning season gets underway. Constellation Energy

hits new highs on a blockbuster power deal, and its deal with tapestry may be done, but Capri

may have another idea in mind.

The luxury details coming up.

I'm Melissa Leak, home to you live from Studio B at the NASDAQ on the desk tonight.

Tim Seymour, Courtney Garcia, Steve Grasso, and Julie Beale.

We start off with a major sell-off on Wall Street, all three indices,

tumbling more than one and a half percent after this morning stronger than expected

jobs report.

Payroll is growing by more than 250,000 in December while the unemployment rate fell to 4.1%.

Today's market dropped nearly erasing the entire post-election rally.

Just one week to go until President-elect Donald Trump's inauguration.

The Dow is now below where it was on election day.

The S&P 500 basically flat since then. The NASDAQ still holding on to a less than 4% gain.

And while equity sold off, the dollar in treasuries, they ticked higher.

Ten year closing in on 4.8 percent, its highest level yield-wise since November of 2023.

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