Live in the NASDAQ markets, I'm in the heart of New York City's Times Square.

This is Fast Money. Here's what's on tap tonight.

A consumer under pressure shares a Walmart sinking as a new read on buyer sentiment hits 12-year lows.

Is there so hope that the consumer can come to the economy's rescue?

We'll debate that.

And a big warning on AI from Alibaba chair, Joe Sy,

why he's scared of a bubble forming and whether you should be two.

Plus, is copper telling a completely different story about the state of the economy?

What options markets are saying about Tesla as that stock tries to mount a rebound and a big win, four win, as one billionaire investor ups his stake in the casino operator i'm

melissa lee come to you live from studio bithan azac on the desk tonight tim seymour dan nathan

guy dammi and mike co we start off with what could be a consumer canary in the coal mine

walmart tumbling more than 3% today on the back of the worst consumer confidence reading in

more than a decade shares now down 6% this year the conference boards gauge of buyer sentiment falling for a fourth straight month while inflation expectations rose to their highest level in nearly two years less than 40% of consumers say they expect stocks to rise in the next year that's 10 percentage points less than in February and just 16% say they expect job stocks to rise in the next year. That's 10 percentage points less than in February.

And just 16% say they expect job openings to rise. The implications being felt throughout the

consumer space from dollar stores to department stores, luxury to athletic wear, those stocks all

are seeing outsized losses in today's session. So does this latest data suggest chances for

recession are higher than we

might think. Guy, what do you think? Well, the delinquency rates suggest you're already in a

recession. I mean, serious delinquencies, 90 days are over, north of 11.5%, which is the highest we've

seen in about 14 years. The mainstream media is now picking up on this. And I think it's

concerning because we're not in a

recession, yet you're seeing these rates, the highest growth rate since the great financial crisis.

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