Live in the NASAC markets, I'm in the heart of New York City's Times Square.

This is fast money. Here's what's on tap tonight.

Rotten Apple, the iPhone maker, seeing its worst day since August.

China concerns and a looming trade war weighing on the stock.

These are more pain ahead for the long-time market leader.

And Bitcoin bonds, another way to play the red-hot crypto space.

We'll dig in on the latest

ETF in the sector with the CEO of Srive Asset Management. Plus Taiwan semi surges on the back

of results. Target misses the mark and widens the gap with Walmart and two more trader acronyms.

Will a rising tide lift Mike's boat. Did Bonoan pick a booming trade? We'll find out later this hour.

I'm Melissa Lee coming to you live from studio, be at the Nazak on the desk tonight.

Tim Seymour, Bono and Eisen, Guy Dami, and Mike Co.

We start off with Apple losing its top spot at the market in China.

Shipments to the country plunging 17% in 2024, according to research firm Canales, with a whopping 25% drop in just the

fourth quarter. That was Apple's worst yearly decline ever and put it into third place behind

China's Vivo and Huawei. The stock falling over four percent today for its worst day since

August. It's now lost nearly 9% already in 2025, making it by far

the worst performing mag 7 stock so far this year. Analysts on Wall Street have also been getting

a bit more bearish. Just last week, Moffat Nathanson issued a rare sell rating on the stock

slash its price target saying Apple could fall another 18% from here. The biggest concern there, tariffs.

And with President-elect Donald Trump, just a few more days from returning to office,

could that threat just be starting?

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