I'm Melissa Lee and this is Fast Money.

Tonight's trader line up, Guaidami, Tim Seymour,

Karen Finerman, and Brian Kelly.

Tonight on Fast, a summer sizzler stocks jump

as we kick off a new trading month,

the Nasak closing at a new record high. We'll break down a new trading month and as I closing at a new record high will break down what

is in sort for your money in August, straight ahead.

Plus a spat attack, another EV maker announcing big plans to go public.

We'll speak with the CEO of Lordstown Motors and later a

Bitcoin Blitz why BK says the cryptocurrency is about to head you guessed it even

higher but we start off with the deal that has got Wall Street, Washington, and the world talking.

Microsoft eyeing an acquisition of Tik-talk, and this comes after President Trump threatened

to ban the video sharing app here in the US over security concerns. The president then made an

about face and gave Microsoft the go ahead to proceed with the deal.

shares of Microsoft rallying today. Let's get to Josh Lipton with the very

latest. Josh.

So Melissa, President Trump also weighing in here, take a listen to what he had to say today.

It will close down on September 15th unless Microsoft or somebody else is able to buy it and work out a deal, an appropriate deal.

So the Treasury of the, really the Treasury, I I guess you would say of the United States

gets a lot of money.

So why is Microsoft interested in Tik-Toc?

Well, it's a wildly popular app

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