Right now in fast and as x5 day winning streak is over the SMB falls more than 1% in the dollars

just a hair away from parity with the euro. With earning season about to start your investors get

ready to buckle up plus a covid surge in China cases rising at their fastest paces may.

The gaming mecha of macao in the midst of a lockdown. The investors need to prepare for more

and more shutdowns in China and later Elon Musk giving Twitter the burden to stock getting

crushed as must tries to terminate the deal. Tesla shares tumbling to the chairwoman said to

tell us how she is trading this debacle of a deal. I'm Melissa Lee. This is fast when

you left in the Nasak market site on the desk tonight. Dan Nathan, Tim Seymour, Brian Kelly,

and Gaia Dami. We start off with a countdown to earnings. Markets eagerly awaiting reports

in the big banks as well as names like Pepsi Delta and Taiwan semi all out this week.

Broad markets pulled back ahead of the kickoff with the Nasak off by more than 2%.

The dollar continues. It's eye popping climb higher coming within a penny parity with the euro

for the first time since 2002. So how much could that move impact company results? Dan.

Well a lot. I mean, we've been talking about it over the last few weeks. I think it was that

Microsoft pre-announcement for this quarter that's going to be reported in a few weeks that really

got our antennas up and they were specifically focused on the adverse effect of the strong currency.

I think this is going to be very consistent with a lot of US multinationals. We've been saying

you're going to hear a lot of company management talk about constant currency. They're going to try

to kind of avoid this recent surge that we've had. But quarter over quarter, year over year,

it is big and it's going to be a huge impact at a time where we know there's inflationary

pressures, whether it be input costs of all sorts of things going on. And then you just mentioned

that kind of situation in China. So all of the things that you might have thought as we entered

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