on deck tonight, kim seymour, karen fireman, and steve grasso. but we start with an earnings alert on snap. shares plummeting as the social media company misses on the top and bottom line. remember, the company already warned about the quarter just weeks after his last earnings report. let's bring in the nbc's julie out for more details on this quarter. >> reporter: it's not that they missed on the top and bottom line, revenue growth so far in the third quarter was flat with a year ago period. that is compared to the 18% revenue growth that was expected. also down from the 13% growth they reported for this quarter. as you mentioned, all of this is after the company had already lowered its growth forecast for the quarter. uc shares are down 26%. all of that news overshadowing better than expected user growth. and the company added 15 million in the quarter and guided to better than expected user growth in the third quarter to end with 360 million. now, snaps weakness is really dragging other social stock down with it. concerns about the macro econ

they are the beast in retail. >> steve grasso? >> i've been saying cell xle, the energy etf.ick with that one and i do believe the only light at the end of the tunnel for energy is that when they report earnings, they are going to be the only ones that have wider margins than the rest of the air and space. but i'm still sticking with it, i think lower prices enter. >> another one bill simon mentioned, tjx should be the beneficiary of all this excess inventory. i'm long that. >> karen used the word encumbered. there's one song that uses the word encumbered, from the hollies, he ain't heavy, he's my brother. go google it right now. dhi in the face, tim seymour. >> so aggressive, no need for that. that does it for this hour of fast money. do not go anywhere. it's a 2 for tuesday. another hour on tap after this, a fast money special edition in two. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> welcome, "mad money" fans. we have a bonus hour of fast money. we are counting down to earnings season. it's on to the big bang. with the most

can see more and he is not quite on the desk but is here in spirit, steve grasso. we start with a solid rally in an otherwise rough week with the major markets climbing more than 1% and the dow more than two. retail sales and sentiment coming in better than expected. what a difference a day makes. citigroup searching 13%, the best day since march 2020. i still see that is $4.90. after posting a profit estimate that the j.p. morgan. to close more than 4% higher and the action comes as were ready for another big week for earnings. netflix, tesla and united some of the names getting ready to report. yesterday the rally or did we just see a short-term bounce. would anyone characterize this as coming out of nowhere? >> welcome, good to have you. it's great to have you and if you think about what we got this week in the market, we got the worst of the inflation. we think this is probably peak inflation and if you look at gas prices, they continue to make new lows and if you look at the market overall, you have this rally in the quarter end and then you rallied a little b