Live from the NASDAQ market site in the heart of New York City's Times Square.

This is Fast Money. Here is what is on tap tonight. A trio of troubles from looming tariffs to

disappointing data and a big tech tumble. Some big clouds sending stocks lower today. So how

should you play? The pullback will debate. And all eyes on China. What a drop in one of Tesla's

key market means for the auto stock in the state of

trade between the U.S. and Beijing. And Uber revs up on a big activist stake. Nike shares hit

nearly a five-year low, and the countdown to kickoff is on. A new survey shows just how big the

appetite for sports betting could get. I'm Courtney Reagan in this evening for Melissa Lee, coming to you live from Studio B at the NASDAQ.

On the desk tonight, we have Tim Seymour, Courtney Garcia, Steve Grasso, and Mike Co.

So let's start off with the threat of new tariffs, sending stocks sharply lower to end the week.

The S&P dropping almost a percent closing near its lows of the day,

as President Trump said he'd announced reciprocal tariffs early next week. Those comments

for the rattling investors already on edge after a disappointing jobs report in the morning,

the U.S. economy adding 143,000 jobs in January versus estimates for 169,000. The unemployment rate also edged lower while wages rose more than expected.

The NASDAQ was the biggest loser on the day led down by Amazon, which dropped 4% after

its earnings report coming out after the bell on Thursday.

Combined, the MAG 7 lost over $300 billion in market cap today.

So what do all these moves say about the direction for the market?

Tim, start us off.

We sort of ending the week with tariff worries.

We started the week with some tariff rattling, worried first, then relief.

What in the heck should we be watching here?

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