Life in the NADDIC market site in the heart of New York City's Times Square. This is fast money. Here's what's on top tonight. Hurtle cleared the House approving President Trump's tax bill in the early morning this morning. Was this the final step to unleash a market rally in the back half of the year? We'll debate that. And housing headaches, the home builder, ETF posting its fourth straight day of losses on more disappointing data for the sector.

What will it take for the group to rebound? We'll look for some answers.

Plus another Bitcoin record, do the charts they can go even higher?

Retail stocks in recovery today, but our consumer concerns really behind us?

And we'll Open AI's big bet on Johnny I've helped keep it out of the tech graveyard,

how it hopes to avoid the fate of some competitors.

I'm Melissa Lee.

Come to you live from studio, be at the NASDAQ on the desk tonight, Tim Seymour, Karen Feinerman, Dan Nathan, and our guest trader for the night, Mike Wilson, CIO and chief equity strategist at Morgan Stanley.

Welcome, Mike.

And we start off with what might be a green light for the markets. House lawmakers last night narrowly advancing President Trump's tax bill by a vote of 215 to 214. And while it still faces a tough road in the Senate, yields pulled back from yesterday's highs as investors seem to sense some clarity on fiscal policy in Washington. Sox, though, lost some steam into the close, dropping from their highs of the session. To end the day basically flat, the NASAC, though, did manage a gain.

It's now up merely 30% from its April low.

So what does today's action say about stocks' direction in the second half?

Have we just cleared a hurdle, so to speak, Tim?

Well, I think there's always a sense of certainty is better for markets.

I think you have the jury is still out because I think there's a lot of interpretations from the bond market that this tax bill is deficit negative, certainly deficit negative over time.

I realize there will be offsets to that and there's there's a lot of conversation there.

I think you have the last couple days for the stock markets have really been somewhat

directionless, frankly.

I mean, and it's interesting because today felt a lot better for most of the day.

And then in the last half an hour of trading, we gave up 45 S&P handles, 75 basis points in the NASDAQ,

almost 1% on semis.

I get back to, I think if you look at the market here, one, I would go back to

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