Live in the Nesac market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight. The Fed's whip saw effect on the markets.

The SFP endow hitting new records after the Central Bank cut its target rate by 50 basis points,

but then closed in the red. What Chair Powell said

that got the markets moving? And turbulence ahead? Tens of thousands of Boeing employees

facing furloughs as the company looks to cut costs, the impact on the company in the industry coming up

plus time to buy Apple the level one top analyst is waiting for before jumping

in forking up Starbucks why Bank of America sees upside for the coffee chain and will FedEx deliver what

to expect from earnings tomorrow and the options action on that. I'm Melissa Lee

Come to you live from Studio B at the NASDAQ. We've got a mega desk for you tonight

very important day in the markets.

Tim Seymour, Karen Finerman, Dan Nathan, Guy Dami,

and Michael Contopelis, director of fixed income

at Richard Bernstein Advisors.

Welcome Michael.

We start off with the Fed rate cut,

heard round the world. The Central Bank slashing

its target rate by half a percent. Send the S&P 500 endowed briefly to all-time highs, but after a

seas saw afternoon, both those indices and the NASAC ended fractionally lower.

The Russell 2000, meantime, just barely managed to lock in a sixth straight day in the green.

The Central Bank's first rate cut in four years also sent Treasury yields higher across the curve with the

yield curve steepening to its biggest spread in more than two years.

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