thank you, jon >>> the if earl reserve cut interest rates for the first time in more than a decade david zervoson't know, david hasn't always had the long hair he's had recently he's been growing it for some time and if the fed cut rates, he would act accordingly. >> the world wants to know when you're going to cut your hair. >> fed rate cuts. >> still not cutting your hair in. >> we're in a lot better position to get a haircut after this last might. >> we may have to get an appointment at my hair studio. >> the hair is looking lovely and long today how confident you will keep it >> it was a bit of a protest, as sarah kept pushing me. >> but a promise that david is going to keep. he's going to cut his hair sarah, live with him. >> it is that time, david. you've had a lot of looks, the curls -- we have a makeshift -- you raised a lot of money with jeffries, quickly from clients and colleagues, goodtoday.org. they promote giving on a regular basis, so a bayly basis. we were able to -- jeffries kicked it off with $100,000. we raised $150,000 additional dollars. this comes with a $250,000 donation

finally a big thanks to david zervos for sticking to his promise and raising $250,000 for charity. >> and getting a haircut on cnbc, i think it is a first, an exclusive for "closing bell." >> that does it for "closing bell" today. >> "fast money" begins right now. >>> live from the nasdaq market site overlooking new york city's times square this the "fast money" i'm melissa lee, your traders on the desk are pete najarian, tim seymour and guy adami. stock tumibling as the fed raising rates for the first time in -- cuts race, excuse me we will break down the four words that set off the powell plunge, plus instant market reaction from jp morgan's marco kalonivic. steve liesman is live in washington for us with the fed fall-out a big day. >> a big day, melissa. we get not only tweets about what the fed is going to do but instant tweets from the president about what they just did. the president tweeting about the decision by the federal reserve and j. powell saying, quote, what the market wanted to hear from j. powell and federal reserve was this was the beginning of an aggressive rate cut

moore, jeremy seeing el, a lot diverse opinions if the fed does cut rates as widely expected, david zervoss promised to get his haircut live on "closing bell. it will happen here at the new york stock exchange. he's also raised a lot of money. we just showed the website give david a buzz or something they've raised more than $200,000 for charity as a result of this whole campaign it started when he was coming on air with very long hair and i was just making fun of him he said i'll cut when the fed cuts >> here we go, moment of truth for mr. zervos as well. >> good for him, and we'll see you this afternoon on the "closing bell. >>> when we come back, a lot mo oapple's strong quarter, stock up 4.5%. "squawk alley" starts in a moment zerv . >>> good morning, it's 8:00 a.m. at apple headquarters in cupertino, it's 11:00 a.m. on wall street, and "squawk alley" is live. ♪ ♪ ♪ >>> good wednesday morning, welcome to "squawk alley." i'm carl quintanilla, morgan brennan, jon fortt, a busy day with the fed, but of course apple is the story of the morning at least shares are up after posting strong re