Live in the NASDAQ markets in the heart of New York City's Times Square. This is fast money.

Here's what's on tap tonight. The wait is over. Donald Trump finally announcing the pick to leave the Fed, but what should markets expect from Kevin Warsh?

A fight against inflation or the rate cuts the president has been calling for. We'll debate that.

And half of Mag 7 earnings are in the books, but some big names still to come. What did we

learn about the AI trade in the past few days? And what should we expect from Alphabet and Amazon

next week? Plus, could gaming stocks like Roblox be the next victim of the AI boom? Bitcoin

continues to break down, and new CEOs at Walmart and Target take the helm on Sunday. What

will the leadership changes mean for the companies and stocks?

I'm Melissa Lee. Come to you live in studio, be at the NASDAQ, on the desk tonight, Tim Seymour, Steve Brasso, Bono and Eisen and Mike Co.

We start off at the news the markets have long been waiting for. President Trump's selecting former Fed Governor Kevin Warsh to succeed Jerome Powell as chairman of the Central Bank.

The announcement via True Social this morning comes after years of Trump, criticizing Powell for not lowering rates fast enough

and even a criminal investigation by the DOJ over central bank renovations.

Stocks closing the day down, though off their lows of the session, the S&P managing a gain for the week and all major indices up in January. But a real question brewing in other markets while

longer-term Treasury is ticked higher. The two-year rate hit its lowest level in two weeks,

and the dollar rebounded from four-year lows, notching its best day since July,

suggesting maybe the market thinks Warsh may be more hawkish than expected.

So that begs the question, which Kevin Warsh will we get?

The hawk who's rallied against inflation may keep rates high or the dove who will make the cuts

Trump wants.

For more, let's bring on Steve Leesman.

And Steve's also got some headlines from Michelle Bowman.

Steve. Yeah, just before we get to the new guy, let's get to some Leesman. And Steve's also got some headlines from Michelle Bowman, Steve.

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