Fast money starts right now.

Live from the Nasak market site overlooking New York City's Times Square.

I'm Melissa Lee.

Traders on the desk or Tim Seymour, David Seaberg, Dan Nathan, and Guy Adami.

Tonight on Fast, the media bidding frenzy is on Comcast making a $65 billion bid for Fox.

Wilt leave Disney in the dust, what does it mean for the rest of the media space?

We've got all the details in the trades.

Plus, can you trust crypto?

A new study says Bitcoin's big run to 20,000

wasn't all that it seemed to have been.

The man behind the explosive report will be here to explain.

But first, we start off with the big story of the day

the Federal Reserve hiking rates for the second time this year let's get straight

to Steve Leisman who is at the news conference with Jerome Powell earlier today

Steve.

Thanks, Melissa, yeah.

And more to come, the Fed raising rates by a quarter point.

The new range is 1.75 to 2.2 percent, and it signaled further rate hikes ahead and what Fed Chairman Jerome Powell described as a robust

at U.S. economy.

I would say that the economy is in great shape.

If you look at household surveys, confidence is high, look at businesses, confidence is high.

If you ask, if you survey workers about the job market, they'll say that it's a really good environment to find jobs.

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