Fast money starts right now. Live from the NASDAQ market site overlooking New York

City's Times Square. I'm Melissa Lee. Our traders on the desk are Dan Nathan, Brian Kelly,

Karen Finnerman, and Guy Adami. Tonight on Fast, don't sweat the stress test test the big banks in the green after passing

with flying colors but the real hurdle for the stocks is just around the

corner will explain. Plus a sudden departure by the CEO of Intel what went

wrong and should shareholders be worried

we've got the details but we start off with summertime sadness on the first

official day of the season the Dow locking in its eighth day of losses dropping nearly 200 points as

trade warfare sparked global slowdown worries and when did the selling start

well when the Fed raised rates last week so we've heard this story before

but here's what's different about

today we closed on the lows the market leaders big tech sold off and there's been

no relief it's the longest losing streak for the Dow in more than a year. So is it different this

time and when should investors start to worry guy?

Certainly does feel different to me and I hate using that term it's different this

time but this time it doesn't I think everything Dan and

Brian have been worried about is starting to come home to roost now I would put this at

the fault of the Federal Reserve and by the way I think they're doing everything

right I think they should hike another couple times this year and at least three times next

year if not four they shouldn't be concerned about the market but I think the

language they used on Wednesday and we talked about it last Wednesday night

was such that maybe that Fed put doesn't exist anymore.

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