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Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
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Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
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Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
The "Fast Money" traders presented their final trades of the day.
Tim Seymour was a buyer of EEM.
Steve Grasso was a buyer of AAPL.
Karen Finerman was a buyer of URI.
Guy Adami was a buyer of GMCR, which is scheduled to report earnings on Wednesday, February 4.
Trader disclosure: On February 2, 2015, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Karen Finerman is long BABA, BAC, C, CVS, FINL, FL, FRO, GOOG, GOOGL, JPM, KORS, M, MTW, NAP, she is short DIA, her firm is long AAPL, BAC, PLCE, C, CMLS, CVS, DIS, DRI, FBT, FINL, FL, GOOG, GOOGL, GPS, IBB, JPM, KORS, M, MTW, NNA, NAP, SUNE, URI, XBI, her firm is long calls BAC, C, DIS, JPM, SUNE, her firm is short SPY, USO, IWM, Karen Finerman is on the board of GrafTech International. Steve Grasso is long AAPL, BA, CLVS, EVGN, FB, GDX, GOOGL, IMMR, KBH, KDUS, MHY, MJNA, NVIV, PFE, POT, SO, T, TMUS, TWTR, YHOO, firm is long USO, FCX, NE, NEM, OXY, RIG, VALE his kids are long EFG, EFA, EWJ, IJR, SPY. Tim Seymour is long AAPL, BAC, BX, C, DIS, EEM, F, GE, GM, GOOGL, INTC, SUNE, Tim's firm is long BABA, BIDU, CCU, DSKY, KNDI, MCD, NKE, NOK, SINA, SBUX, TSL, VIP. Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.