Fast Money starts right now.

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

I'm Melissa Lear.

Traders on the desk are Brian Kelly, Karen Pieder, Guy Dahmy, and a special addition to the desk tonight.

Top strategist and Fast Money Friend Tony Dwyer of can accord

tonight on fast don't look now but Bitcoin is crashing in fact the entire

crypto universe is tanking will tell you what's going on and just how bad the selling

could get. Plus the countdown is on. There are only 40 days until Christmas and

something just happened in the retail space today that could spell big trouble

for the holidays. We will explain.

We start off with what was a wild day on Wall Street.

The Dow swinging about 500 points during the course of the day.

After being up more than 200 on the Dow falling 300, then climbing back. The Dow sold off into the

clothes ending the day down about 200 points. Financial sector leading those

declines and it's been a bank bloodbath in just past week.

Goldman Sachs, the biggest loser here down 13%,

followed by Citigroup, Morgan Stanley, Bank of America,

and JCP Morgan, all under pressure as well.

So what is wrong with the banks is the bank trade left for

dead guy first of all Tony toward he gets a special special

special yeah yeah by family you never had a single box right in the introduction. I have not. I've been here for like 36 years.

Yeah, it's incredible. I am a little jelly. That's what you guys say.

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