Live in the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

Powering up, utility stocks on the move as the administration takes aim at rising electricity costs.

What the latest focus on affordability means for these names and the broader markets.

And JP Morgan kicking off bank earning season with a big move lower.

Is the pullback justified or is this a time to buy in? We'll debate that. Plus software stock

slump on new AI concerns. Insight CEO joins us to break down the pipeline at the biotech firm.

And more trader acronyms. Will Tim and Karen follow the rules to score win this year?

They'll reveal their picture yourself later on this hour.

I'm Melissa Lee.

Come to you live from Studio B at the NASDAQ on the desk tonight.

Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami.

We start off at the big data center builders pulling back amid the latest demands from the White House.

Microsoft among the laggards today after pledging to pay higher utility bills that come from powering its AI models.

Meta and Oracle also dropping.

President Trump last night posting on Truth Social that he, quote,

never wants Americans to pay higher electricity bills because of data centers.

It's the latest line of the administration's focus on affordability. Let's

get to Aiman Jabbers for more on the White House's demands. Amen. Yeah, Melissa, interesting to see

the one-two punch there. The president's social media post last night. And then Microsoft this

morning announcing there are five principles around data centers. And the idea here is from

Microsoft's perspective, not to jack up the cost of water

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