Right now on fast with Bank of England telling UK pension funds they've got three days to get their, you know, what's in order?

The P.O.E. will end its emergency intervention Friday.

That headline flipping the markets upside down will break down while the UK's pension problems are rippling to our shores.

Plus, gig shock shares of Uber, Lyft and DoorDash, thinking on a proposal by the Biden administration to change the status for their workers.

We'll look at why going from contractor to employee is such a big deal.

And later chips get whacked again, the SMH down another three percent.

More misery at Meta and the CEO of MGM Resorts sets to join us here on fast money.

His stock dropping almost seven percent this week.

I'm Melissa Lee, this is fast money live at the Nasdaq Marketside, a full house tonight here at the Nasdaq.

Tim Seymour, Karen Feinerman, Bono and Ison and Dan Nathan all here on set.

And we start off with a big shock to markets courtesy of the Bank of England, the SMP sharply giving up a gain of nearly a full percent as a bank of England.

And set a hard deadline to end its intervention this Friday.

The Nasdaq said a new two year low in the Dow lost nearly all of a 400 plus point gain to end basically flat.

The move comes after Governor Andrew Bailey urged pension funds to rebalance quickly, saying, quote, my message is you've got three days left now.

You've got to get this done.

He added quote, the essence of financial stability is that intervention is temporary. It's not prolonged.

So what's your take on this deadline and the market's reaction to these very dire words to him?

The minute you start talking about bailing out UK pension funds and that there's an organized central bank intervention that wasn't about a central bank losing its resolve.

This wasn't about central banks running back in.

And you know, a lot of people thought that this was a case.

How could they be buying bonds while they're cranking up their budget and making things look a lot more difficult for their currency?

But that's as a function of those things. They referred to the fire sale dynamics that they were in there to defend.

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