Fast money starts right now live from the Nasak market site overlooking New York

City's Times Square I'm Melissa Lee tonight's lineup is Dan Nathan Jeff Mills of

PNC Karen Fireman and Guy Dami energy burning out today the worst performing sector as oil gets

slammed after president Trump says he is pressuring OPEC we've got all the

details plus check out shares of Tesla the stock getting crushed today hitting

a fresh 52 week low its lowest in two years in

fact now well below its support so how low can it go the traders will weigh in but

first we start off with the China Rec the Shanghai composite having its worst week of

the year after what has been an epic rebound for Chinese stocks.

This after its government said it would care back stimulus for the economy.

At the same time companies here in the US, like 3AM and and Intel have been pointing to a renewed

slowdown in China impacting their earnings. So is this China's warning to the

world and with US stocks at all-time highs can the rally continue if China pumps the brakes die?

I've been looking for a reason for our markets to go low for a while. This is as good a reason

as any, but you go back to sort of last summer when the Chinese market started to go down in earnest we probably

lagged them by I don't know two and a half three months so if this is a

beginning of something maybe we're finally looking to the sell-off late may

early June but this is again this is a one-week situation.

Markets down 5% after only, 35%.

I don't want to make a big deal out of it.

I happen to think the Chinese will continue to throw as much money

at their markets as they need.

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