Right now in fast the S&P and Nasak now riding five month winning streaks into August while

the Dow has been up 15 of the last 16 sessions as the rally moves beyond just the biggest

of the big tech names is this a sign the market can keep grinding higher we'll debate that

plus a cooling Chinese economy not slowing down Chinese stocks the Kweb the ETF attracts

internet names up almost 19% in July and the large cap ETF the FXI up close to 12% so

does this Beijing bounce have legs will break that down and later inside crude summer surge

so fires monster Monday the ripple effect on the payment stocks and the options action

ahead of Starbucks earnings I'm Melissa Lee this is fast money we're live at the Nasak

market site on the desk tonight Tim Seymour Dan Nath and Guadami and Julie Beale we start

off with an under the radar rally in the tech sector yes the mega caps the AI focused

semis have been stealing the spotlight of late but there are some other pockets of strength

that you may not have noticed check out the moves and software names like data dog Adobe

and snowflake all significantly higher today media names also on the move paramount Netflix

Warner Brothers Discovery all well in the green and the gig economy stocks on the go Uber

doordash lift feeling the love so what does this broadening out of the tech rally tell

you about the market are you more hopeful Dan Nathan I asked sarcastically

you know it's a dream one thing that the gig ones are really interesting to me because

I think those were models that were heavily debated they saw the pull for during the pandemic

they rose to crazy heights in 2020 into 2021 there was some of the first ones that started

to sell off and obviously Uber is a little different that some different dynamics going

on between rideshare and delivery but if you look at Airbnb and if you look at Uber that's

going to report I know we're going to talk about it later those stocks are both a hundred

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