10-Year Posts Highest Close in 15 Years, and Is the CVS Business Model Broken? 8/17/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 17 August 2023
⏱️ 45 minutes
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| 0:00.0 | Right now and fast of that climb, a Treasury yields keep rising with the 10-year closing |
| 0:05.9 | of levels not seen since the financial crisis. |
| 0:08.6 | Stocks feeling the pain too, the S.F.E. now down for over 4.5% this month. |
| 0:13.2 | So where do we go from here? |
| 0:14.2 | We'll debate that. |
| 0:15.2 | Plus, prescription problems, shares of CBS crushed as Blue Shield of California, partners |
| 0:19.4 | with Amazon and a venture by Mark Cuban to save on the cost of drugs, the ripple effects |
| 0:24.5 | the cost of the insurance landscape straight ahead. |
| 0:26.9 | And later Wal-Mart's Bay, despite an earnings beat and guidance boost, Wall Street's new |
| 0:30.5 | interest in interest and exploring ways to profit in the energy patch. |
| 0:35.3 | I'm Melissa Lee, this is Fast Money, we're live with the Nasdaq Market Sight on the |
| 0:38.2 | Destiny Night. |
| 0:39.2 | Tim Seymour, Karen Feinermann, Dan Atheon, and Guy Dami. |
| 0:41.9 | We start off with a great, rate rally, the yield on the 10-year treasuries rising as high |
| 0:45.6 | as 4.33% during the session and posting as highest close in June of 2008. |
| 0:51.2 | The move taking a toll on Stocks would saw another sell-off into the close. |
| 0:55.1 | The Dow down 290 points the latest index to finish below its 50-day moving average. |
| 0:59.5 | It is the first time it's done that since June 1st. |
| 1:02.4 | So is there any end in sight to this move higher in rates and does that keep the pressure |
| 1:06.8 | on the equity markets? |
| 1:08.6 | I thought actually equity markets did okay considering the huge climb. |
| 1:13.0 | Ish, it's interesting, you know, I happen to know for a fact that Miley Cyrus is a huge |
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