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

Here's what's on top tonight. The true tale of the consumer, what the massive moves lower in Shakeshack, Planet Fitness, and pet med companies, Zawaitis.

Tell us about who is spending now and what it means for the economy and the markets.

Plus a slew of after-hours' earnings from semis to crypto, from travel to health care. We'll dig into the numbers behind all these moves and bringing the trades. And housing headaches, whirlpool slashing guidance, and home builder stock sinking. We'll talk to Zillow's senior economists about what he sees next for the industry and how much longer the pain could last. I'm Melissa Lee. Come to you live in studio, be at the NASAC. I'm the desk tonight. Tim Seymour, Karen Feinerman, Mike Coe in person, Day 2, and Carter Braxton Worth. Sox closing near session lows even after the NASAC and has to be hit fresh intraday records early in the day. And as we look under the surface, a couple of earnings reports paint a mixed picture for the consumer. First,

there was McDonald's seeing a pullback in its lower income consumer, who it expects to face

continued pressure from higher gas prices. The Fassu Giant did beat first quarter estimates,

though, as a gain share among wealthier households, that coming at the expense of chains like

Shake Shack, whose shares posted their worst day ever.

Earnings, revenues, and margins all contracted in its latest quarter. The company pointed to weather

disruptions, plus shrinking tourism in the U.S. and Middle East, with higher beef prices also having

an impact. Consumers also don't seem to be trading burgers for healthier habits, planet fitness

plunging over 30% to close

at April 2020 lows. After cutting its full year outlook, the company seeing slower member

signups and pausing price hikes for its higher-and-black card plan. Even man's best friend is

feeling the pinch. Animal Health Company is wettis hitting levels last seen January 2019 after its report.

The CEO flagging growing price sensitivity among pet owners who booked fewer vet visits and opted for

lower cost care options. And just yesterday, Kraft Hines sounded the alarm on the consumer,

saying shoppers are running out of money and dipping into savings in the current environment.

So what do all these signs of the consumer mean for the macro picture? Tim, what are your thoughts

here? Well, it was two weeks ago. We heard that Domino's actually told us that the consumer sentiment

was at the lows they had seen in COVID. That sounded shocking, except for when McDonald's says,

things are not improving and they might be getting worse. You sounded shocking, except for when McDonald says, things are not

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