Fast Money starts right now. Live from the NASDAQ market site overlooking New York

City's Times Square. I'm Melissa Lee. Traders on the desk are Pete Nigerian,

Karen Finerman, Brian Kelly, and Guyadami. Tonight on Fast, are we on the brink of a global banking crisis?

Shares of one of Europe's biggest banks, Deutsche Bank, are in free fall.

And the company put out a statement that is reminding some of the dark days of the financial crisis.

We'll explain what that's about.

Plus, crypto hedge funds fighting back despite the falling prices and Dan Morehead,

of Pantera Capital, one of the largest crypto hedge funds says there is one thing that can save

Bitcoin and it could happen soon he will be here to explain but first we start

off with what rocked the market today the trade wars hitting a fever pitch let's get

to even jowers in DC for the very latest on this

fast moving story.

Aymen.

Yeah, hi, Melissa. The news broke a little bit after 9 o'clock this

morning when Wilbur Ross, the Commerce Secretary,

told the world that the United States was, fact moving forward with those steel and aluminum tariffs on Mexico, Canada, and the EU.

Shortly after that, Wilbur Ross jumped on CNBC to explain the decision and minimize the consequences

really for the global economy. Here's what he said. Even if some others do, it

still will remain unlikely to be as much as 1% on our economy.

Remember, just because they put tariffs on some of our products, it doesn't mean those sales will go to zero.

So Wilbur Ross there saying that even if the EU were to retaliate it wouldn't be that big of a

deal relative to the overall size of the

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