Right now and fast heating up will the surge in the 10 year to almost 4% be a warning

sign that this red hot summer rally is about to get cooled off big time.

The data and the debate coming up, plus throwing in the towel, Goldman Sachs finally ditching

its sell rating on Netflix this after the stock has rallied close to 130% since Goldman

made that call.

The next move for all the streamers straight ahead.

And later a buzzkill on Coinbase, China's new battle of a rare earth metals and metals,

new social media brawl with Elon Musk and Twitter.

I'm Melissa Lee.

This is fast money.

We're live at the Nasdaq Market site on the desk tonight.

Tim Seymour, Karen Prynerman, Dan Nathan, and Bono and Ison.

We start off with what might be a major warning sign for the markets.

A yield on the 10 year treasury, touching its highest level since it collapsed the Silicon

Valley bank.

Rates ending the day, just a few basis points shy of 4%.

The two year also rise and getting within a stone's throw of 5%.

The yield had fallen below 3.6% in late March.

So does the city climb higher in rates, threaten the markets recent run?

And will it put a cap on how much higher the SB500 can go in the second half?

Tim, what do you think?

Well, if you're measuring stocks and you're evaluating, you have a discount rate.

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