Fast money starts right now live from the Nazac market site overlooking New York City's Times Square.

I'm Melissa Lear. Trators on the desk for Tim Seymour, Karen Feinerman, Steve Grasso, and Guy Adami tonight on a very busy fast.

It is an earnings extra. We've got reports from Tesla, Ford, fast. It is an earnings extra

we've got reports from Tesla,

Ford, Microsoft, advanced micro devices,

and Visa all coming out moments ago.

Everything is higher except for chip stock AMD,

which is crashing. We've got full team coverage.

Philboe monitoring both Tesla and Ford getting ready to jump on those conference calls.

Josh Lifton on the Microsoft beat.

Deodor Bosa watching Visa and Contessa Brewer is watching Las Vegas Sands. But we start of course. of closing on the dead lows of the session, the Dow down a whopping 600 points.

The Dow and S&P both erasing all of their gains for the year.

And the big loser, the NASDAQ down more than 4.5% today having its worst day since August 2011.

Everything from NVIDIA to Netflix to Amazon just getting crushed.

So with the market seeming to spiral lower is there any end in sight to this

selling guy? Well there's going to be an end in sight but when we started the show

last night and we said although it looked like the market rally gave us sort of an

all-clear sign we thought you know what maybe

there's still some bad news ahead and I didn't think it was to be down 600 points today the

doubt but here we are so I think there is further downside a couple Fridays ago we had a

conversation Mark I think the

S&P was down 5%. I said to Karen, I think it goes down another 7 or 8%. I'll stand by that.

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