Live from the NASDAQ markets, I did in the heart of New York City's Times Square.

On a day the Dow sets its first record closed in over three months, this is fast money.

Here's what's on tap tonight.

Walmart's warning, the retail giants seeing its worst day in two and a half years after its latest earnings report.

What the company had to say about the U.S. consumer and the ripple effects through the economy,

plus a

quantum leap for quantum computing stocks, Spotify soars after its first investor day in four years,

lily legs higher in hopes for its next-gen weight loss drug, and speaking of health care, we'll talk

to the CEO of a company trying to revolutionize drug discovery, the head of iambic therapeutics,

number 33 on this year's Disruptor 50 list,

joins us on set later this hour. I'm Melissa Lee. Come to you a lot from studio be at the NASDAQ on the

desk tonight. Dan Nathan, Guy Adami, Steve Grasso, and Julie Beal. We'll get more on what drove

the doubt to its first record since February later in the show, but we start off with that retail

red flag out of Walmart.

The big box giant dropping more than 7 percent, its worst day since November 2023.

After the company gave a disappointing outlook for the year, painted a stark picture for the consumer.

Walmart saying the pain at the pump is straining consumers' budgets and that things could get

worse in the second quarter

when the boost from tax refunds goes away.

Here's what the CFO had to say on Squawk Box this morning about what's becoming increasingly

K-shaped economy.

The high-income customer continues to spend with confidence in many categories, whereas the

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