Live from the NASDAQ markets, I'm in the heart of New York City's Times Square.

This is Fast Money. Here's what's on tap tonight. Property Bothers.

Chairs of real estate investors sinking as President Trump proposes new policies that could upend the industry.

The details and the potential impact for the housing market, and it wasn't just housing on the agenda.

The president's also taking aim at the defense

industry, pay packages, dividends, and much more what he had to say and how the stocks reacted.

Plus, banks break down after a strong start to the year, we dissect the continued drop in chairs

Adele. And it's time to reveal the 2025 acronym winner, did Tim's band top the charts?

Could Karen's course win by breaking all the rules?

And what about guys to?

What about it?

What about it?

We will find out who gets our illustrious acronym trophy later on this hour.

He spent a lot of money on that thing.

I'm Melissa Lecoe-Dolive from studio, Bia Nazak on Theth Tonight, Tim Seymour, Karen Feinman, Dan Nathan, and Guy Adami. The S&P and Dow, both hitting intraday records before pulling back to end the day in the red. Big banks weighing on those indices. We start with President Trump laying down a heavy hand on several key parts of the markets. In a slew of social media post this afternoon,

he took aim at housing investors, as well as defense contractors, causing big reactions in the

stocks. Let's get straight to Amon Javars at the White House with all the details. Amen.

Yeah, Melissa, that's right. A sharp populist turn from the president of the United States today,

as you say, on both defense and housing, hitting both of those sectors today in the market. Start with defense. The President,

very critical of the overall U.S. defense industry, the slow pace, he says, the high prices

of some of those companies that are producing military equipment, and particularly just most recently,

targeting Raytheon in a scathing post saying they've been one of the least

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