Adam makes an admission to Sharon, Victor leaves the hospital, and Billy makes a move against Victor!

At the Ranch, Ashley tells Adam that Traci gave Faith Colleen's christening gown. Adam tells Traci he can't imagine what he would do if he lost a child. Traci says you honor them. Adam flashes back to taking the baby from Dr. Taylor and giving her to Ashley. He says he has an errand to run and will meet them at the chapel.

Jack joins Katherine at Crimson Lights and rants about Jill sending out her own press release saying she's regained control of the company - he feels this won't work! Katherine feels that Jill provides strong leadership and the glory days of Abbott control are over! Jack says the Abbott family didn't fall apart - they just lost a member. Kay says the problems started long ago - that's why Mary Jane Benson was hired. Jack says the Abbotts are the past, present, and future of Jabot - Ashley will be back soon, and so will Billy when he can't raise the money to buy Restless Style!

Billy and Mac arrive at Restless Style where he rubs his hands together with glee at owning it all. Billy tells Chloe that they are going to Faith's christening. She says everything is ready to go to press and shows him the cover. Billy hates it!

JT visits Victoria at Newman Enterprises, noting she left the house before he could see her. She says the christening is going to take up part of her day. He reminds her he's going to the job interview in New York. She accuses him of trying to punish her for Deacon! JT asks if she wants to discuss this now - she's avoided this for weeks. They argue about his reasons for wanting a job in New York City. She gets called away, and JT rolls his eyes.

Phyllis and Nick come into the coffee house, happily talking about the progress Summer has made since Switzerland. Phyllis says she wants to go house-hunting. She tells Nick that she wants Victor to get better, but she can't forget what he did, and she wants to move. Nick says he can't forget either, and tells her they'll move forward after the christening.

Sharon is at the chapel for a one-on-one bereavement session. She leaves the christening area just as Ashley and Traci come in with the baby. They are closely followed by Nick, Phyllis, Billy, and Mac. Ashley and Nick converse about Abby and Noah not being able to make it. Billy asks Phyllis and Nick not to tell Jack about their deal. Adam comes in and goes straight over to the baby. He rubs her head and muses that her mother has the ability to see the best in everyone.

Jack arrives at the chapel and chats with Phyllis. They agree they don't want to discuss Victor, and when they look over at Nick, Phyllis muses how hard this must be for him in light of his loss. JT and Vikki arrive and everyone takes their places. The Reverend mentions that the father couldn't be there, but Victor and Nikki appear at the back of the chapel. Ashley tells Victor to come stand beside her. Victor takes the baby in his arms, and then hands her back to Traci. Ashley announces that her name will be Faith Colleen Newman. The child is baptized, and Adam then holds her. When everyone is asked to sign, Traci takes the baby and wonders if Nick would hold her. He does. Phyllis says she has the Newman eyes. Sharon, who is still in the church, hears the baby's cries. Adam spots her lingering near the door.

Traci seeks Victor out at the chapel and thanks him for understanding about the christening being moved up so she can get back to New York. They marvel at the turns life has taken. Traci holds her hand on Victor's chest as she promises him she will honor his child. He embraces her. Katherine comes over to Victor and wonders if he should be up and around, also noting that he came with Nikki. Billy walks over and Victor snubs him. Victoria talks to Nikki, who wonders about the tension between her and JT. Vikki says they're fine. Mac approaches JT, and they discuss the baby being given Colleen's name. Victor holds Faith and tells her she's a Newman. Behind him, Jack says to the child, "Don't worry, you're also an Abbott, and I won't let you, or anyone else, forget that!"

Katherine is back at Restless Style with Billy and Mac. She muses that Jack thinks he'll come back to Jabot. Billy says he'll get it eventually. Kay says Billy is 'all guts', like her! Billy shows her the magazine cover and asks, "Is this me?" Katherine says no, prompting Billy to turn to Chloe and ask what it would take to change it. She lists off nearly impossible things, and Billy says, "Okay. So it's doable!" Billy tells Chloe that they'll replace the current cover story with an expose on Victor Newman and how he took his niece's heart. He tells her to hold the presses - he's going to write it himself! Chloe talks him out of it. Billy sends her home and says he'll tell Mitch to go ahead with the current cover. After she's gone, though, he makes the call and tells Mitch he's changing the cover story!

Still at the chapel, Ashley and Victor look at the baby. She thanks him for not fighting her about the Ranch - it's the perfect place for the girls to grow up. Victor walks over to his children. Nick asks if he's headed back to the Ranch. Victor tells them that Ashley will be living there. He says that when he decides where he's going to be, he'll let them know.

Adam turns up at Sharon's door, telling her that he saw her at the chapel and could tell she was upset. Sharon invites him in and explains that she was leaving her bereavement session when she stumbled upon the christening. She wonders if her child died because she didn't deserve to have her. Adam questions what the bereavement people have told her. She says she's just done a lot of things. Adam says he has too, but they're not even in the same universe. He tells her she has to know - and she has to know now! He tells her he seduced a gay man, his lawyer, to keep him on his side!

Back at Newman Enterprises, Victoria and JT continue to argue about him going to New York. She says this is their home. He says it's her home, then tells her she's just like Victor Newman, and he's got no desire to be married to him! She says if he takes the job - he won't be!

Also at Newman, Phyllis tells Nick she no longer needs to go house-hunting since Victor won't be at the Ranch. He smiles and offers her a contract to work at Newman Enterprises. They joke, and get busy on the desk!

Traci says her goodbyes to Jack, Ashley, and the baby at the church, then leaves in tears. Ashley asks Jack if he thinks Traci will ever come back - there's so many painful memories. Jack thinks she'll come back. He starts talking about Jabot, and asks Ashley to talk some sense into Billy. Ash says she can't do that - she's already loaned him the money for the magazine! She urges Jack to let go.

Nikki gets Victor settled in his hotel room, telling him that she'll be right down the hall. He says they're sending all his things from the Ranch. She thinks he should be there, not Ashley. He is about to say something about his feelings, but Nikki stops him.

Next on The Young and the Restless:
Michael tells Adam, at Newman Enterprises, that he may think he's about to get everything he wants, but he's there to make sure that doesn't happen!
Nikki asks Victor what he wanted to say to her the night she left Genoa City?
Seated at an RS computer, Jack says to Billy, "You want to bring down Ol' Mumbles? Watch and learn."
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