Live in the Nazak market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

Stock markets spiking midday and Brent crude taking a steep leg lower on hopes that an end to the Iran war could come soon.

Did investors get ahead of themselves or have we put in the bottom for equities?

And Nike shares dropping even as the athletic wear giant scores that Nourning's beat the details

on those numbers and what's next on the agenda for CEO Elliot Hill.

Plus, NVIDIA's latest $2 billion investment, Oracle plans another massive round of layoffs,

and Tim's Pfizer, Karen's Pfizer too.

About time.

Two-week high.

Yes, 52-week high.

What is driving the gains? How much more upside is left in the health care trade? Karen Spieser 2. About time. We're going a 52-week high. Yes, 52-week high.

What is driving the gains? How much more upside is left in the healthcare trade? I'm Melissa Lee. Come to you live from Studio B at the NASDAQ on the desk tonight. Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami. And, of course, we start off with that midday surge that sent stocks to their best day since last May. The S&P 500 climbing nearly

3% after Axiast reported a potential breakthrough in the war with Iran. The Dow added more

than 1,100 points while the NASAC jumped almost 4%. Meanwhile, Brent crude fell, more than 3%, though

still settled above the $100 mark. Let's get to Aiman Jabbers, who's got the very latest on all of this. Amen.

Hey there, Melissa. China and Pakistan are floating a new proposal to end the war in Iran. Essentially a ceasefire in exchange for safe passage in the Strait of Hormuz. President Trump has said publicly that negotiations are ongoing. And if Iran doesn't cut a deal that he likes by April 6th, he's going to bomb civilian infrastructure such as power plants.

Now, the president took to social media this morning to hurl some criticism at American allies, who he argues have been insufficiently supportive of the United States.

He wrote that France has been very unhelpful, and he warned that the USA will remember.

And he wrote of the UK, I have a suggestion for you.

Number one, buy from the US. We have plenty.

And number two, build up some delayed courage.

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