Right now and fast, fresh fear factors from China, in addition to the red hot rhetoric

of the U.S. and Beijing decoupling, there are now new worries about a rising wave of

COVID that could infect more than 65 million in China every week, a deep dive on the

challenges China faced straight ahead.

Plus, the real estate store why one industry execs as we are in the middle of an office-based

hurricane and investors better prepare for things to keep getting worse.

And later, raising a glass of Netflix as a stock turns 21, the spending bait for all

those do-it-your-selfers at home and the trouble in the charge for two retail giants.

I'm Melissa Lee, this is fast money-reliven as I've markedly on the best night, Karen

Feinerman, Dan Nathan, Guy Adami, and Rebecca Patterson, the former chief investment strategist

at Bridgewater Associates.

And we start off with two big risks coming out of China's first rising trade tensions

between the U.S. and Beijing, Apple, the latest company to act, inking a multi-billion-dollar

deal with Broadcom to develop 5G chips in the United States, this after China's slap-brival

chip maker, Micron, with a ban citing it as a security risk.

Today's news helps send Broadcom shares to all time highs to stock rising over a percent.

And then there's the renewed threat of COVID in China, one health expert estimating a new

wave could result in 65 million cases a week by the end of June.

NBC hasn't been able to independently verify that report, still the news sends shares of

vaccine makers like Moderna soaring today, those shares seeing their best day of the

year, up more than 8%.

So let's begin with that scary headline of a new COVID wave in China, bringing Dr.

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