All right, thank you very much, David Lyon from the NASDAQ market site, right in the heart of New York City's Times Square.

This is fast money, and here's what's on tap tonight.

Here we go again.

That was a song, right?

Another up down, down, down, day, up day, day on Wall Street, as tariff headlines continue to rile up markets.

Why one of our guests thinks we are

setting up for a dramatic asset allocation shift with a major impact on the king US dollar. Plus,

a check on China. New data shows a rush of shipments out of the country before Trump's tariffs

took effect. Can it continue, or is it the last breath before a trade war plunge? We'll debate that.

And later on, the real reason the U.S. does not export cars to Europe, why one volatility

expert says we're not out of the woods just yet. And by the way, here comes the earnings

flood. I'm Dominic Chewin from Melissa Lee tonight coming to you live from Studio B at the NASDAQ market

site on the desk tonight.

Courtney Garcia, Karen Finerman, Dan Nathan, and Guy Adami.

And we're going to start with another roller coaster ride for the markets overall as the

S&P rose as much as almost 1.8% in early trading before falling briefly into the Reddit

midday action, but the benchmark index then rebounded and nearly recaptured its best levels,

but then ended the day up less than 1%. But it's still up. The NASDAQ and the Dow also

finishing off their highest levels of the session, but still managing to hold onto those gains, as you can see there. Apple is one of the notable winners

today, rising more than 2% after the Trump administration said that smartphones would be

exempt from reciprocal tariffs. The move helping the stock climb back above the $3 trillion market

cap level, though it's still

...