A Big Short on Nikola, Sports Betting Gets Ready for Kick-Off, and the Mother of All Housing Bubbles?

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 10 September 2020

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Noted short-seller Hindenburg Research claims “intricate fraud” at EV darling Nikola Motors. And shares of Penn National and DraftKings soar as the long-awaited football season gets ready to kick off. Plus, with mortgage rates at all-time lows, home sales soaring, and construction on the rise, are we setting up for another big housing crash?

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money.
0:02.0	Tonight's trader line up Guy Dami, Tim Seymour,
0:04.1	Karen Feinerman and Dan Nathan.
0:05.4	Tonight on Fast, the changing of the guard at City,
0:08.1	the big bank tapping Jane Fraser to become the first woman
0:11.3	to run a major Wall Street bank.
0:12.8	We'll find out what is next for city.
0:14.6	Plus, we've got earnings from Oracle and Peloton.
0:16.8	Both stocks on the move after reporting
0:18.7	will break down the after-hours action
0:20.5	and later hitting the jackpot.
0:22.4	Sports betting stocks on fire as the NFL gets ready for
0:25.5	kickoff.
0:26.5	Find out if you should take a gamble on these names.
0:29.5	We start off with a major reversal on Wall Street and you can see the story in the charts
0:33.8	check out the S&P 500 start at the day in the green gave up the games around 2 p.m.
0:37.6	to finish close to session lows same story for tech stocks
0:40.6	NASAC 100 giving up an early lead to finish just off its lows of the day.
0:44.3	You saw the same thing play out in names like Facebook and Netflix, both stocks starting
0:48.5	strong, finishing around session lows.
0:50.8	You can extend this, by the to regional banks to health care to
0:54.0	energy to small caps. So what does the action today tell you guy Donnie?
	...

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