Brian, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 right here at the New York Stock Exchange. This maker breakout begins with trade tensions. The president threatening China with more tariffs. You know by now what stocks are doing. They are unsettled. They've remained that way for much of the afternoon. There's your picture now. It is the NASDAQ, clearly the worst here down two and

two-thirds percent. S&P is off by 2 percent as well. It's being driven lower by chip stocks.

We're going to have much more on all of that coming up. But NVIDIA and AMD, Mike Bron, Broadcom,

just to name a handful in that group. There's AMD down about 6%.

Most of the mega caps are down as well as we come on the air here with one hour to go.

We're keeping an eye on the stocks of business development companies as well, or BDCs.

Very much in the news lately, some high-profile bankruptcies in the private loan market have weighed on

shares of several names. We'll have a special report coming up everything you need to know about this

much-talked-about group. It does take us to our talk of the tape, those suddenly escalating China

tensions. Let's get to our Aiman Javers with the very latest from Washington. It was reporting,

Amon, that you did earlier, a social media post from the president that's so unsettled this market.

Yeah, that's right, Scott. And what's ironic about this situation we're in this afternoon is

really all we have to go on now is that social media post, no confirmation from the White

House or from any government

agency about any specific actions that the U.S. government is taking in response.

But here's that post, if we can pull it up, that the president made earlier.

Very lengthy post, but a key part is dependent on what China says about the hostile order that they

have put out, I will be forced as president of the United States of America to financially counter their move for every element that they have been able to monopolize.

We have, too. So the president's saying that China is very hostile, saying he's prepared to use elements that the U.S. has a monopoly on to respond to the Chinese efforts on rare earths,

also threatening massive tariffs on China and threatening to cancel that summit that he had with

Xi Jinping. He says one of the policies that we are calculating at this moment is a massive

increase of tariffs on the Chinese products coming into the United States of America.

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