name and prediction for the next year coming up i'm melissa lee. on the desk tonight, jeff mills, actually here on the desk. guy adami and steve grasso we start by bidding adieu to 2022 we the major good riddance. closing with worst losses since the financial crisis nasdaq down for four straight quarters sifor the first time since the bust dow a relative outperformer but still shedding almost 9% could there be relief in sight history shows the s&p posts gains more than 80% of the time after a drop, and the average is 14%. are we in for another rebound in the new year i'll kick things off with jeff, because he's the only trader to make it in to the nasdaq to sit with me tonight. >> very happy to be here i'm a stat guy i always throw stats out i love that shall especially history. but nit this case you throw stats completely out the window. a couple of weeks ago i tweeted that regardless of what you think about next year and this history, you are unwinding sort of unthinkable fiscal stimulus we've a never seen this before it's unusual we talk about i

>> i'm dominic chu in for melissa lee. on the desk tonight, karen fireman here in studio same with bonnawin, steve grasso, julie beal, we note for us we're going to start with a rough end to the week in stocks. do you down over 300 points. the index shedding 3% since monday, locking in its worth five-day stretch of the quarter. s&p and nasdaq seeing bigger losses on a percentage basis as investors turn their attention to a very big week ahead we've got another read on inflation. after this morning's hotter than expected producer price report, november consumer prices ow on tuesday, just before the fed delivers its last policy decision of 2022 so, how do you position yourself as we head into this new week. steve grasso, i'll send it to you first. >> yeah, is this looks like a setup that's been pretty typical, dom, where you see the market either rally right after the fed speaks or decline like we've seen leading into whenever we hear jerome powell speak some when you look at the charts, definitely weak, but cpi has most lik

i'm melissa lee. this i

i'm melissa lee. this is "options action. on the desk tonight, carter worth, mike khouw, and tim seymour. today was expirations day for more than $2.5 million worth of trades and the activity on tuesday, wednesday, and thursday were off the charts on macy's tomorrow is super saturday in what could be a break for retailers who are swimming in inventory? super saturday is tomorrow after a promising fall mike, what you are seeing there? >> as you would expect on a week line this one, we did see bearish activity but there were a couple spots with launch bullish bets in the retail space. macy's is one of those names saw a buyer of the january 23-25 call spreads we get a lot of retails sales data ahead of that i think what's going on is there is some optimism, some people hoping for a retail bounce this is a way somebody's able the risk less and going out and buying a million share of stock, which is how much this trade represents to make a bullish bet. >> carter, what do to charts say to you >> if there ever were a gambling childr

i'm dominic chu in for melissa lee, live from the nasdaq market site here in times square.ht now, sifting through the financials from a regional route to a hidden set of gems, could this be a way to ensure gains. and then betting on the big daddy of the banks our power trader this is going to be a power player in the new year and later on an open house options trade. we'll hit the nail on the head and open the door on the home builders with me tonight, carter worth, mike khouw and a special appearance by scott nations. but before we get to tonight's trades, let's wrap up this week's action. carter, what do you make of the action in the markets? >> i mean, by all accounts it has to go on the ledger every week at positive or negative, and it's owe down week it was sloppy. and what's really important is it's happening in the context of this bizarre notion that you have to have a year-end rally. i will point out the notion of a december strength or christmas rally it's simply momentum trade. when markets are up, and most years they are, 70% of the time, you continue in downyear

script in 2023 >>> finally, buffet to get on the banks before the banks kick off betting season i'm melissa lee. on the desk tonight, mike khouw, brian sutland and special guest, guy adami. action this week, amazon, southwest, t-mobile, lyft, and charge point let's start off with lyft. shares down nearly 75% this year mike, what has the action been here today >> yeah, we saw the stock hit its lows for the year on wednesday, and then it bounced really hard. we saw a lot of bullish activity going on in lift women saw a purchase of 50,000 of the january 11 call spreads, making a bullish bet, risking 50 cents or so on a bet this thing could get up to 12.5 by january expiration, which is three weeks from today what's going on here -- this is an interesting case, because 2023 is going to be a really important year for lyft. it's going to be the first year where the company is going to see positive earnings and positive free cash flow. at least that's what the street expects. if it does, we're looking at a company trading forward if it gets to that income. >> brian >> lyft earnings are february 8th. i

you won't want to regift doubters capitalize on the post pandemic trend i am frank holland in for melissa lee. on the desk tonight to my right we have tim seymour, steve grasso, main line in philadelphia, go birds it's going to be a long show if you are a giants fan look at tim shaking his head the market rebound, final week of the trading was enough for the dow to reverse the third losing week in a row the nasdaq and s&p 500 still falling a little bit short up today however is trading right around its pandemic lows that's right, it's lows. a new report said finding some historic selling, value equity funds, largest weekly outflow ever hitting more than $17 billion. tax law selling likely behind the record outflows, but can this all be a setup for january buying frenzy? great question, tim. >> buying frenzy >> frenzy. frenzy is something i'm not sure i'm ready for. i think there can be allocation. if you look at the outperformances of the industrials. if you look at different parts of the market structure that are changing with some of the reversal of flows, i think there are opportunities th

i'm dominic chu in for melissa lee.what's coming up. >>> as quickly as one inflation gauge offers hope, another dashes it. the dollar and other proxies caught in a tug of war find out how best to hedge with options. then, tesla stock and its founder also getting yank in the all directions whether you're a musk disciple or not, we'll make a play to take advantage of th

i'm melissa lee. this is "options action. on the desk tonight, carter worth, mike khouw, and tim seymour. we begin with a monster week in the options market today was an expiration day for more than $2.5 trillion worth of trades and tuesday, wednesday and thursday activity was off the charts according to our traders. tesla, nvidia, warner brothers discovery coinbase and more. let's drill down first on macy's tomorrow is super saturday on what could be a make-or-break for retailers. super saturday is tomorrow after a promising fall it's been a long december, though, mike so what are you seeing there >> as you would expect on a week like this one we did see a lot of bearish activity in several places but there are a couple spots where people were making really large bullish bets in the retail space macy was one of these names. we saw another now the company is going to be reporting after that expiration but of course we've got a lot of retail sales data ahead of that. some people hoping for a little bit of a retail bounce here.

i'm melissa lee. this is "options action.desk tonight, carter worth, mike khouw, and tim seymour. we begin with a monster week in the options market today was expirations day for more than $2.5 million worth of trades and the activity on tuesday, wednesday, and thursday were off the charts. take a look at some of the notable stock names -- tesla, nvidia, macy's and more. investment-grade corporate bonds. let's drill down first on macy's tomorrow is supe saturday in what could be a break for retailers who are swimming in inventory. super saturday is tomorrow after a promising fall it's been a long december, so, mike, what you are seeing there? >> as you would expect on a week line this one, we did see a lot of bearish activity but there were a couple spots with launch bullish bets in the retail space macy's is one of those names we saw a buyer of the january 23-25 call spreads the company is going to be reporting after that expiration. we get a lot of retails sales data ahead of that i think what's going on here is there is so

i'm dominic chu in for melissa lee. here's what's coming up. >>> as quickly as one inflation gauge offers hope, another dashes it. the dollar and other proxies caught in a tug of war find out how best to hedge with options. then, tesla stock and its founder also getting yank in the all directions whether you're a musk disciple or not, we'll make a play to take advantage of the volatility finally, what do bowing and netflix have in common absolutely nothing except their recent sprints higher and strategies to employ right now it's time to make more "options action" starts right now. >>> it seems every new inflation data point is contradictory to the prior one, leaving the dollar likely range bound. but what about some of the dollar proxies out there carter worth, you're here. what are you seeing? dollar index, look at a few it rations and move on to the etf here is the dollar indecx. great run up let's draw lines we're now down to the penny the midpoint of the channel. think you grot to stay, but reduce ultimately at 110

newest favorite game traders have brought their picks for next year and the chart master is here i'm melissa lee. this is "fast money. we're live on the desk, guy adami, steve grasso, carter worth 2 1/2 years of gains gone, vanished, kaput. the nasdaq breaking through the lows of the year it is 4% away from its pre-pandemic record and it's no surprise that the biggest hits have come to the biggest stocks. amazon, apple, alphabet losing trillions of dollars in market cap combined this year just a few trading days left in the year, are we in for more losses what does this tell you, guy, the willingness to drift lower into the end of the year. >> hi, melms somebody put on twitter, maybe this is the santa claus rally and maybe things would be worse. >> without him >> food for thought, right it says, listen, fundamentals do matter don't fight the federal reserve matters. earnings and valuations matter and i'm glad you mentioned that nasdaq level, one that dan's brought up a number of times 9800ish where we broke down from in february of 2020. when covid hit by golly it sure looks like there's a bull'

live from nasdaq market site in times square i'm rebecca quick along with andrew ross sorkin and melissa lee. joe is off today the s&p is up by 15. the nasdaq up 85 this is welcome relief after yesterday's decline. yesterday, the dow was off 1.1%. s&p off 1.2% probably worth pointing out where we have come because if you have been in and out with the holiday and paying attention and not paying attention, for the week to date, you are down 1% and 1.6% and 2.7% when looking at the dow, nasdaq and

ending the quarantine, and will this bring a spending boom or just new waves of covid maybe both i'm melissa lee. on the desk tonight. we start off tonight with tesla slumping more than 11% the worst performer in the s&p 500. now down seven days in a row today we learned that the company's extending its pause on production in shanghai, seeing closing an extra 11 days until the start of february. and the used car prices for tesla is tanking and that is taking down new car prices in all, tesla has lost $117 billion in market cap that is about the size of an entire goldman sachs, or a boeing or even a starbucks the mighty musk empire has seen more than $700 billion in market value go up in smoke that is mcdonald's and nike combined and just how bad things are. this is the front page of drudge this afternoon a picture of musk with flames engulfing him in the back ground mike khouw, the value on top of this 11% decline was extraordinary, it was triple the 30 day average volume. what did you make of the sell-off >> yeah, i mean, look, when you start seeing their cars piling up on lots, when you see th

the 1970 that's the last time a couple of b b big-name companies did as well as they have now i'm melissa lee. this is "fast money" live in the heart of times square. we start tonight off with a countdown to the end of what has been a painful year for the markets. even with today's gains major indices well on pace for their best gains sense the financial crisis we thought we'd ask our traders what chart they think holds the key to the markets in 2023 dan nathan, let's start off with your most important chart. >> yeah, let's talk about the largest bank stock in the market that's jpmorgan. it obviously has tremendous exposure to rates, to consumer credit, to housing, to corporate credit the list goes on and on geographically and that sort of thing. when i think back a year ago, jpmorgan was near its all-time highs, it was considered best of breed as far as banks were concerned. it led to the downside in january and february and took large parts of the market with it, at least the signaling of its leadership to the downside we've had a huge rally off of the mid-october lows it doubled the perfor

one of our traders says this is one good looking chart i'm melissa lee. we're live full house on the desk tim is heseymour, karen finer mn rates are down a whopping 80 dips from their highs of late october. the declines coming as the markets continue to digest jerome powell's dovish comments. is the magnitude justified what is this really telling us, tim? >> it's telling us that the economy is probably already pricing in a significant downshift and that at some point bond yields have to come lower looking at the fed futures curve, which folks you can do at home, you can bring them up and see that the terminal rate for where people are expecting the fed to max out was going to be out in july, maybe early august but around 505 just three or four days ago. that's come all the way into may. when you look at where the curve has gone, you can see there's 40 basis points of fed easing as you get from the middle part of may to december. the market is imputing that the fed is pushing too hard. right now equities have the sweet spot of lower yields meaning equities

overall 14% in a week, close to 30% this month and over 60% this year is this a fundamental flaw i'm melissa lee and this is "fast money" and on the desk karen, dan, guy. a four day losing streak the major averages finishing with nine of 11 sectors in the green. we'll dive deeper. and that shocking move by the bank of japan coming up. but we begin with the covid fear on the radar of the u.s. state department a growing wave of the cases in china as they struggle to deal with a large undervaccinated population as we come into the holiday season former commissioner dr. scott gottlieb warning this could be a long winter for china and a worse spring here in the united states let's bring in dr. scott gottlieb dr. gottlieb, great to have you with us. how bad will it be in china? can china do anything right now to help the situation if has on hand >> well, look, i think the infection is out of control right now in china they are doing things. they are implementing some mitigation shank high closed schools and businesses start to close. people are wearing masks and pulling back i think that will prolong

elon musk sells and is that the reason why he's selling and not being distraction by twitter i'm melissa lee and we're live on the deck karen, dan, nathan and guy. we start off with a deep red sea on wall street the nasdaq dropping 3% falling in red for the week. the s&p shedding nearly 2.5% the dow down as much as 950 points clocking the biggest decline in more than three months all three indices on pace for the worst december since 2018. and take a look at the moving yield. the ten-year dropping back into 3.4% range it is down nearly 90 basis points from the october high so does today's action suggest the fed could tip the economy into recession just yesterday i think we were across the board saying the market should have had a much stronger reaction to the hawkier fed speak coming out the fed, dan. >> those compressed time frame when that announcement comes out and then the presser and team taking their time to process it. we see this sort of overnight reversal of maybe that first move that is been going on for a very long time. but you're question is, mel, does the fed's hawkishness put

a holiday spin on a "fast money" favorite i'm melissa lee. full house here on set tim seymour, tim f economists hoping the inflation is easing stocks closing near their highs of the day with the dow leading the charge, up 530 points. all three major indices putting in their best day of the month crude oil taking a big leg higher after hitting 52-week lows on friday interest rates higher too. how do you make sense of a market today >> it was a wild day for not a wild day we had a very big move in the s&p. the vix was up almost 10%. the vix is the one part of the equation as we may rally as we enter the next couple of weeks and last couple of weeks of the year that has me concerned because i think volatility is too low. it's pretty much signalled tops and bottoms. top of the vix has been bottom of the market, et cetera so look, you have a case where i think everyone's expectations at least i think as we talk about this and the trend for the last six months about inflation peaking at least in terms of goods and commodities for sure, the question

i'm melissa lee and this is "fast money. on the desk tonight. we start off with the markets c roller coaster giving up a gain as investors digested what it could mean for the fed's decision tomorrow after g red closele up 100 points and the nasdaq rising a percent though it had been up 4% at highs of the day. the s&p holding on to gains but take a look at the move in treasuries the two year falling to the lowest level in over two months so how does this tell ahead of the fed's decision tomorrow, the ten-year yield also moved lower an the zollar index had a big move too. >> and think the last day and a half, yesterday and half of today, in terms of face ripping rally in the year end. you saw a glymph it this morning when the s&p was up 120 handles. just in a flash. what does it say let's break it down. ten year yield going lower suggests a market is slowing down and does not suggest that the fed has your back, i don't think they do. in the tease you talked about maybe interest rates in the federal reserve shouldn't be in ore purview any more it s

i'm melissa lee. on the desk tonight, karen finerman, julie diehl, dan nathan and the market seeing the worst losses in a month with the nasdaq leading the way down nearly 2%. the s&p dropping for a third day in the row the dow schetting more than 480 bounties only one stock in that index, boeing able to pull off gains today. meantime, treasury yields were back on the rise, spread between two and ten years, hitting a new 40-year low. so is this an early warning sign that the recent rally's best days are behind us well, we had a pretty decent rally, dan if you believe that that rally was pulled forward, than maybe maybe that's the case. what do you think? >> maybe when you think of other risk assets away from the supermarket, yield as peaked, crude has peaked, the dollar as peaked, that's what the stock market over the last month, month 1/2 has rallied into we know the playbook now as we think about the fed down shifting of those rate hikes we had four consecutive 75 basis point hikes, it seems pretty

i'm frank holland in for melissa lee. this is "fast money. we have tim, dan and guy and off the loads and the new headwinds bearing down on santa after the harsh outlook this morning on "squawk box." a higher than expected read on the high read of the gdp adding to the bearish move, the dow dropping and erasing most of the 500 point rally and the s&p and the nasdaq falling more than 2% here is the market moving comments from tepper. >> leaning short on the equity markets. you know, so right now because i think the upside downside doesn't just make sense to me when i have so many people tell me so many central banks telling me what they're going to do. >> so, tepper echoing the mantra that this desk had been trying to hammer home all year long guy, is he just preaching to the choir? >> well, i mean we took the mantra from him in the first place. he would come on when the fed was easing free money, zero interest rates and say, listen, i'm not the smartest guy he's self-dep rick atsing and he happens to be brilliant but in this environment if yo

live from nasdaq market site in times square i'm rebecca quick along with andrew ross sorkin and melissa lee. joe is off today the s&p is up by 15. the nasdaq up 85 this is welcome relief after yesterday's decline. yesterday, the dow was off 1.1%. s&p off 1.2% probably worth pointing out where we have come because if you have been in and out with the holiday and paying attention and not paying attention, for the week to date, you are down 1% and 1.6% and 2.7% when looking at the dow, nasdaq and s&p. month to date it has been lousy the nasdaq down a whopping 11% here is the year to date year to date, nasdaq off 35% s&p down 20% the dow down 10% we are looking forward to 2023 almost new year's eve. take a look at what is happening with treasury yields the 10-year treasury is yielding 3.8% we are counting down to the end of 2022. >>> troubles for southwest airlines canceled 2,500 more flights yesterday and cut 2,300 this morning. delta airlines said it capped fares in the markets southwest operates in to help stranded travelers. american airlines and united and alaska air said they were lowerin

lee at the white house, thanks so much. it's an alliance that goes back all the way to the revolutionary war. for more on today's relationship between the two countries, melissa bell is live in paris. i don't mean to tell you how dark the period was between these two countries this time last year after the u.s.-australia submarine deal which supplanted a deal with france had. france took the extraordinary step of recalling its ambassador. is that issue behind france and the u.s. now? >> i think there was a question of substance. of course, there was the loss of that some $60 billion submarine deal to france. but there was the way in which it had been announced since europeans learned about it, from the press conference that president biden held with his british and australian counterparts. i think that really ruffled their feathers. the ambassador recalled since they've patched things up and both sides we're told have taken measures to try to restore trust. it really had become an issue of trust. and yet, things ahead of that bilateral meeting we're going to be following today, not as simple as you might think. after that submarine deal, all the events in ukr

lee ktvu fox studios. the sierra are preparing for a big winter storm, which could bring feet of snow this week. ktvu elissa harrington joining us now live from the newsroom. melissaould people know who are hoping to head out for a day on the slopes told resorts are ready, but mother nature could close. some lifts at different ski resorts. this is, of course, a busy time up there. the holiday season isn't swing when families spend christmas in the snow and others will head up for the new year's eve celebrations . but this is a big storm that's moving in. that should bring rain, snow and wind. so people should be prepared and play it safe. heavy snow. rain and strong winds are expected to pummel the tahoe area the next couple days. a winter storm warning goes into effect tuesday morning and 1 to 2 ft of snow could fall in higher elevations . above 7000 ft. this is going to be a wet, wild atmospheric river. so get ready, my friends. it's gonna be fun. coop cooper, resident ski expert and founder of cooper, media and marketing, said the wind will likely impact operations at some resorts. palisades tahoe, for example, put its tram ana wind hold monday and said some gu