first, a regional bank you're likely a client of jack henry's.t stock down 8% on the back of earnings. the coo will join us as questions over the health of that sector linger >>> as rates keep rising and mortgage demand keeps dropping, there's one housing name positioned to benefit from a rising rate environment. the ceo will join us ahead but we begin with the markets and bob is at the new york stock exchange we've been on a little tear lower the past few days, bob >> really the past two weeks so we've been trying to rally midday, that's a typical pattern. then we just move down late in the day. we were positive earlier in the day. take a look at the major indexes. the s&p is down 10 of the last 12 days. same with the russell 2,000. it's down 10 of the last 12 days nasdaq composite is down 6% from its recent highs the dow industrials have been holding up better than the other averages, and that's primarily because it's a little more defensive. it's got some consumer names in it take a look at some of these names this month you can see amgen has

first, a regional bank you're likely a client of jack henry's. that stock down 8% on the back

shares of jack henry plummeting this afternoon, have been all day, after of the financial tech providerxpectations. the tock off 6% -- the stock off 6%, and there you have some of the highlights of some of the trading today. >>> now this kind of weird, interesting, sad story i guess you could say. former nfl player michael to her whose story inspired "the blind side" is now being accused of a $15 is million shakedown by the tuohy family. my goodness. let's go live to jerry will race in the fox business newsroom who has been following this saga every step of the way. >> reporter: hi, ash. that's right. in response to the tuohy family accusation, michael oher attorney don barrett telling nbc news this, quote, we try case in the courtroom based on facts. we have confidence in our judicial system and in our client, michael oher. we believe that justice will be served in the courtroom, and we hope to get there quickly. now, a lawyer for sean and leanne tuohy alleging a shakedown after michael oher filed a petition to end his conservatorship claiming he learned only this years that the family

we have jack henry, which does software for regional banks. >> and retail sales, and fed minutes. so, we still have a lot going on that's going to do it for us at "overtime. >> "fast money" starts now >> right now on "fast," buying or crying? what is the real read on consumers? one wall street heavy weight says negative headlines about the health of the consumer are overblown. details coming up. >>> plus, u.s. steel rejecting a more than $7 billion offer from rival cleveland cliffs, but now another bidder putting an all-cash offer on the table. will x sign off on a sale and will regular lay tomorrows allow the deal to get done we'll debate that. >>> and tesla's summer slump is picking up steam nvidia's surge and florida governor ron desantis not ready to bury the beef with disney quite yet i'm melissa lee, this is "fast money, money,". and with retail earning season about to kick off, we start off with potential to believe the death of the consumer has been greatly exaggerated. bank of america upgrading the discretionary sector an overweight from an underweight, laying out a host

administration is very much over reading the statute, jack, that henry with the conservative heritagendation says this is just the latest example of the white house over extending its authority without buy-in from congress sort of one coke. he if not coherent strategy, he says he would not be surprised if this court battle makes it to the supreme court in washington. raquel martin. we're questions this afternoon surrounding the reported and very sudden deaths of social media star little tay and her brother. >> tmz is now reporting they are both alive after all, an anonymous post announcing their deaths was shared yesterday on the teenager's instagram account. no details were shared other that an investigation was ongoing. her father also told insider magazine that he could not confirm or deny whether or not his daughter was still alive. however, today, tmz says that it received a statement from the 14 year-old that she and her brother are safe and alive, but very heartbroken. she says that her instagram account was hacked, although it's not clear yet by whom the post announcing little

henry in michigan. kimberly wehle on the legal strategy that the caller was describing. does that seem something that jack smith is doing? guest: it is hard to say whether he will follow-up with indictments of co-conspirators, but i think it is a more straightforward case to just name donald trump and not multiple defendants. that would have delayed it beyond the election. that is a really important number or date for donald trump, because if he is elected president again, then he could drop the charges. he cannot do anything about it with that manhattan d.a. or if an indictment comes out of the georgia case, but he can basically whisk them away if he is elected president. the caller made a good point, and i am not a historian, but about the 1940's and hitler and what happened in europe. and i think it is important for people, when you hear about democracy, the top-down versus the bottom up government. we have a bottom up government where the people decide. and all of the power for the higher ups is accountable to the people. they do not have inherent power. the king's perilous inherent, it was from god.

counsel jack smith is seeking a january 2nd start date for the federal case accusing. trump of trying to stop congress from certifying the result of the 2020 u. s. election. well, i'll just use john henry and has more from atlanta in the fulton county district attorney has requested a trial day for donald trump and 18 co defendants. funny willis, once march, 4th to be the date that trial starts. that's important because it's in the middle of a crowded legal calendar for donald trump. he has a number of criminal and civil cases that start from october of 2023 in may of 2024. that means it least some of those cases are likely to extend through november 2024 presidential election where he is currently the leading republican candidate team. trump is also requested that his case in georgia be moved to the federal court that would accomplish a number of things for one. probably a more sympathetic jury pool. atlanta is a very democratic town in a large room divided states. so they would be more likely to find people in a federal trial drawn from the state to who would be more sympathetic to trump. also, if trump were to be elected or have an ally when the presidency that president is able to

henry in michigan. kimberly wehle on the legal strategy that the caller was describing. does that seem something that jackth is doing? guest: it is hard to say whether he will follow-up with indictments of co-conspirators, but i think it is a more straightforward case to just name donald trump and not multiple defendants. that would have delayed it beyond the election. that is a really important number or date for donald trump, because if he is elected president again, then he could drop the charges. he cannot do anything about it with that manhattan d.a. or if an indictment comes out of the georgia case, but he can basically whisk them away if he is elected president. the caller made a good point, and i am not a historian, but about the 1940's and hitler and what happened in europe. and i think it is important for people, when you hear about democracy, the top-down versus the bottom up government. we have a bottom up government where the people decide. and all of the power for the higher ups is accountable to the people. they do not have inherent power. the king's perilous inherent, it was from god. so t