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

Yes, we're back.

This is Fast Money.

Here's what's on tap tonight.

The Fed in focus, the Central Bank throwing water and hopes were marked rate cut and

sending stocks to their lows of the session.

The NASDAQ seeing its worst loss since October will break down all the headlines and what

they mean for your money.

Plus, a regional route shares of New York Community Bank Corp seeing their worst day on record as a lender swung to a loss and slashed its dividend.

What caught investors so off guard and what ripple effects should we expect in the rest of the sector?

And Novo Nordis leaps to a new all-time high. Google's parent

fails a key level test and one of our traders is checking out their target stake. The

reasons behind the trade coming up. I'm Melissa Lee coming to you live from Studio B at the Nazak on the desk tonight Tim Seymour

Karen Finnerman, Gaiadami, and Michael Cantopelis of Richard Bernstein Advisors.

Welcome Michael.

We start off with the Fed warning that Stensock stumbling this Nasak falling more than 2% for its worst

day since October.

The S&B down more than a percent and a half, its worst day since September.

And the Tao shed over 300 points.

And take a look at the 10 year closing back in on 3.9 percent.

It was almost 30 basis points higher just last week.

The moves coming after Fed Chair Jerome Powell suggested the Central Bank has no plans yet to cut rates with inflation

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