Fast Money starts right now live from the NASDAQ market site overlooking New York's Times Square.

I'm Scott Wopner. Our traders on the desk tonight,

Pete Nigeri and Tim Seymour, Dan Nathan, and Guy Adami.

Tonight on Fast, pre-orders for the new crop of iPhones off the charts so why are shares of

Apple falling will explain plus what's wrong with the banks it should be

financial nirvana out there but the stocks are stuck in the mud. The

Chartmaster is going to tell us why there could be more pain ahead. But first we

start with the big story of the day. The Trade War rearing, it's ugly head yet

again.

Let's go to Amman Javers right now in DC for details on this developing story.

Aaman.

Scott, it's five o'clock on a Friday.

I'm going to go ahead and just call it.

I don't think we're going to get Chinese tariffs this week.

That has been the storyline of the week, just speculation about whether or not the president was

going to pull the trigger on the $200 billion in Chinese tariffs that the U.S. Trade

Representatives Office has been working on for the past several months.

Nothing as of yet and nothing expected today.

So the White House putting out a sort of a maddeningly vague statement about all this saying the President has been clear that he and his administration will continue to take action to address China's unfair trade practices.

We encourage China to address the's unfair trade practices.

We encourage China to address the long-standing concerns raised by the United States.

The White House not specifying at all what action it is that the President is going to take or not take but saying that he's

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