Morgan, thank you very much and welcome everybody, live from the NASDAQ market site in the heart of New York City's Times Square.

This is fast money, and here's what's on tap tonight.

The Great Rate Rally Yields spiking after a much hotter than expected jobs report

what the latest read on the economy means for the Fed and your money. Plus, Kitty Crunch,

GameStop shares sinking even as its biggest champion meows that it's a buy.

What we've learned from Keith Gill's live stream and what to make of the frenzy in that stock and later.

Gold losing its luster, the stealth come back in shares of Meta and counting down to

Apple's big AI reveal early next week.

I'm Tyler Matheson in from Melissa Lee tonight.

Thanks for joining us coming to you live from Studio B at Nasdaq. On the desk

tonight we've got Tim Seymour, Karen Finerman, Bono and Eisen and Steve Grasso.

And we're going to start with that rate spike after this morning's Hot Jobs report, yields

surging across the board as investors digested the stronger than expected payroll's number. the

stronger than expected payroll's number.

The 10 year jumping to more than 4.4%

after slumping in recent weeks,

the two year nearing 4.9%.

Now that move coming after the latest employment report showed that the economy added

two hundred and seventy two thousand new jobs in May.

That's more than a hundred and sixty five000 in April and well above what had been forecast.

The unemployment rate though rose to 4%.

Here's the ambiguity in these numbers.

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