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 Tim Seymour,

Karen Feinerman, C Grasso and Guy Adami.

Tonight on Fast to sell off in full force and there is one sector that traders

are betting is going to get hit even harder.

We'll explain.

Plus, it's not just stock selling off the summer pain for Bitcoin continues and the top

crypto investor in Bitcoin Bulls

says things are going to get even worse for another 200 days. Spencer Bogart

of blockchain capital will be here to explain that. But first we start with that

market sell-off. The

trade war ignites massive selling across the broader market, the Dow falling

500 points at the lows of the session, and nearing correction territory. More

than half the stops in the S&D 500 are in a correction, but wait a second.

Which is 30 minutes to go in the trading day. It was the Trump administration to the rescue.

Take a listen to what Trade Advisor Anne and Hawk Peter Navarro said on the

closing bell and I think this is a day that you know the momentum traders get a

hold of that and they drag things down but if you're a long term investor I mean come on

this economy is going great this president tax cuts deregulation low energy and

good trade policy that's yielding a really strong investment here.

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