Live for the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

Stocks riding a roller coaster today as President Trump's first round of tariffs go into effect.

What was behind the late day fade and is there more pain to come?

And off target, chairs of the retail giant hitting their lowest levels in over a year.

What the company had to say about tariffs and what its results say about the strength of the retail giant hitting their lowest levels in over a year.

What the company had to say about tariffs and what its results say about the strength of the consumer.

Plus, a couple of recent tech laggards, not to win today.

How to protect your portfolio amid all this volatility.

And BlackRock strikes a deal to buy ports on the Panama Canal, the implications of that move and more.

I'm Melissa Lee. I'm going to you live from studio via the Nazak on the Panama Canal, the implications of that move and more. I'm Melissa Lee, coming to you live from Studio v. The Nazak on the desk tonight.

Karen Fireman, Dan Nathan, Guy Dami, and Danny Moses, founder of Moses Ventures, and a host

of the On the Tape podcast.

We start off with a wild day of action on Wall Street after the Trump administration's

tariffs on Canada, Mexico, and China went into effect at midnight.

A sell-off in the last hour sent this S&P to its lowest close since election day,

though finish off its worst levels of the day.

The NASDAQ closed just shy of correction territory, down 9.5% from its record highs,

and the Dow saw the biggest losses shedding more than 600 points for the second day in a row.

Meantime, the yield on the 10-year Treasury briefly fell as low as 4.1% before climbing higher.

But another twist after hour, stocks like Palantir Tesla Broadcom all moving higher after hours as Commerce Secretary Howard Lutnik made new comments on tariff negotiations.

For the latest state of play, let's get to our Megan Kisela.

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