Live in the Neszak Market site in the heart of New York City's Times Square.

This is Fast Money. Here's what's on tap tonight. A chip wreck,

ASML in Taiwan Semi, leading the sector to its worst day in more than four years.

Is this a sign of continued rotation or a reason for more concerns for the group?

We'll debate that.

And Rocketing Roach shares with the Swiss pharma giant touching highs not seen in over a year

thanks to positive results for its weight loss pill the impact it's having on the

other big players in the space. Plus copper miners lose their shine United Airlines

on the move after results and we're counting

down to Netflix earnings as a streamer tries to reclaim all-time highs. I'm

Melissa Lee coming to you live from Studio B at the Nasdaq on the desk

tonight. Tim Seymour Karen Feinerman Nathan, and Guy Adami.

And we start off with the chip stocks getting hammered, the Van Dyck Semic Semic conductor ETF, plunging 7%

today.

It's worst day since the start of the pandemic.

ASML applied materials and advanced micro devices all down double digits.

Taiwan Semi also among the laggards down almost 8%.

The latest moves coming as comments from both President Biden and

former President Trump indicate that trade tensions with China will in fact

ramp up going into the elections here.

So this is coming from all sides in terms of political

parties and that is having the impact on the chip sector. Trump specifically

...