Right now in fast the three day losing street for the major averages and all of this ahead of what is historically the worst month of the year for stocks

What impact will this August paying have on markets when the calendar hits September plus drop at the pump wholesale gas prices at their lowest level since mid-February and for consumers

Prices are now almost a buck twenty below the June peak a deep dive into the energy barrel coming up and later digging into the best five bounds

The end of uber summer surge in a major Wall Street firm getting bold over

Biobolero

Got the details on that one. I'm Melissa Lee. This is fast money and we are set to roll a perfect game tonight

Well out of the net market light on the desk tonight. I know we can resist Tim Seymour and Courtney Garcia Danathan and Guy Adami

We start off with three big clouds hanging over the markets tensions between Beijing and Taiwan escalating again with Taiwan firing warning shots at a

Chinese drone earlier today news of that seem to send markets in the U.S. sharply lower then there's a lumia energy crisis in Europe where extreme gas shortages ahead of winter

I forced the region to turn to an unlikely lifeline China and of course the Fed expectations were continued rate hike sending markets down

For a third straight day the move means the SMB has now retraced more than half its gains since the June low it's now down

Nearly eight percent from its August highs and take a look at some of the big cap tech stocks that have seen even bigger losses

Apple down nearly 10 percent from its August peak Microsoft now for that dropping 11 percent Amazon more than 12 percent

So as we head into September would that's historically the worst month for stocks

This is all give you cause or even more concern

Tim what do you say?

But we were warned folks about potential bowling metaphors and analogies and anyway puns and so anyways we'll be careful

As much as I am concerned about China Taiwan that's not what the markets were worried about today

Markets were worried about a combination of three fed presidents reiterating Powell's message from Friday

And how about this Jolt status so for people that don't know what the Jolt status it's basically job openings and the rest of that acronym you can figure out

It doesn't really matter the point is that there's so many more job openings than there are people to fill them

And as we have a payroll number on Friday and some CPI numbers across Europe and China over the next couple days

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