Fast money starts right now. Live for the NASDAQ market site overlooking New York

City's Times Square. I'm Melissa Lee.

Our traders on the desk are Steve Grosso, Karen Feinerman, Dan Nathan and Guy

Dami. Tonight on Fast, Microsoft pushing higher in the after hours following its earnings report, we will find

out what is next for this trillion dollar company. Plus, crowd strikes, striking it big in its first earnings

report since its IPO, we will dive inside the numbers.

And oil getting crushed in today's session, we'll find out what is fueling the crude collapse.

But we begin tonight with big breaking news on Boeing, the company out with new numbers on the

grounded 737 max planes. Let's get to fill a bow at the very latest. Phil.

Melissa, not surprisingly, Boeing will take a big hit when it comes to the Q2

earnings that it reports next week.

Let's run down the numbers the company announced within the last half hour.

It's taking a 4.9 billion dollar after tax charge.

That works out to $8.74 to share that's for the second

quarter essentially it comes down to the 737 max they say it's due to

concessions and considerations they're going to be needing to make to customers

not only those they've made in the second quarter but extending out over the next

couple of years

revenue and pre-tax earnings

they're going to drop by five point six billion dollars in the second quarter or they're going to be reduced by that much in the second

quarter.

Production costs in the second quarter up an estimated $1.7 billion, but we should point out that

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