It is an earnings extra again here on fast money tonight for gees the paypal

gilliad qualcom and advance micro all on the move in the after our session we've got full team

covered across the board reporters listening in on those conference calls

bringing you the instant reaction from Wall Street and of course there is the big

kahuna and that of course is Facebook The stock getting crushed following a big revenue and daily active user missed the stock shedding around $50 billion in market cap in just the last half hour.

Julia Borston and Gene Munster monitoring the call. We will get them in just a few

minutes, but we start with hopes of victory in the trade war stocks soaring into the close.

The Dow jumping more than 170 points in Nasak closing at a record high.

The S&P 500 now within a hair of its record high.

Let's get to Kayla Tousshe in DC

with the very latest details.

Kala.

Melissa, after several hours behind closed doors, delegations from the U.S. and the European Union hammered

out an agreement to begin a dialogue to talk about lowering tariffs across the board for non-auto industrial goods in the

president's words. Also, they are going to talk about sending more U.S. soybeans and

natural gas to Europe and according to President Trump in

response to that each side will lay down the weapons that they've been using

in this trade war.

We also will resolve the steel and aluminum tariff issues and we will resolve retaliatory tariffs. We have some tariffs that are retaliatory and that will

get resolved as part of what we're doing.

According to the European Commission President John Claude Claude Juncker, who spoke just after the President,

he said that so long as both sides continue negotiating, there will be no new tariffs put in place.

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