I'm Melissa Lee and this is Fast Money tonight's trader line.

I've Gai Dammy, Tim Seymour, Karen Finerman and Brian Kelly.

Tonight on Fast, a heroic comeback stock's finishing well off their lows as Apple

rockets higher into the clothes.

We're breaking down the incredible tech turnaround.

Plus a bank beat down the financials falling in today's session.

One of our traders says the pain is just getting started.

And later, a Nikola bombshell, the company's executive chairman stepping down amid fraud allegations.

We'll tell you what is next for the embattled EV maker.

But we start off with some breaking news from the Fed.

Let's get straight to a Steve Leisman on the fast line.

He's got to detail Steve.

It was a vet chair of J Powell in testimony tomorrow before the House Financial Services

Committee will note improvement in the economy saying household spending has recovered three quarters of its decline.

He's going to say this is in part response to federal spending and higher unemployment benefits

of which is currently running down.

He says housing has rebounded in business investments showing signs of improvement.

Overall, though, he was saying that employment and business activity are well below their

pre-pandemic levels and the outlook is highly uncertain.

He says a broad recovery will happen when people are confident and go back to regular economic

activity.

He makes special mention of the Fed's Main Street lending program, a $600 billion program with a

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