A Canary in the Coal Mine for the Markets, and Digging in on Disney’s Report 8/9/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 9 August 2023
⏱️ 45 minutes
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| 0:00.0 | Right now in fast Disney is on the move just turning to the green shares the entertainment |
| 0:06.1 | giants of upping prices even as it loses streaming subscribers what is next for this company |
| 0:11.9 | as it approaches up 3% after hours plus the canary in the coal mine and 18 billion dollar |
| 0:16.4 | company lost nearly a quarter of its market value today because of you guessed it a warning |
| 0:21.5 | over AI does the signal even more danger ahead and later Karana looks for some Zen a bullish |
| 0:26.8 | bet on China tech and a big call on Wal-Mart just a few weeks before earnings. I'm Melissa |
| 0:31.2 | Lee this is fast money life of the Nasdaq market site on the best tonight. Karen Feinem and |
| 0:34.6 | Guy Downey Carterworth and Julie Veal will get to Disney's results in just a moment we start off |
| 0:39.5 | with those potential cracks forming in the AI lead rally and Vidya continue to descend today |
| 0:44.2 | dropping nearly 5% the stock now down over 11% from its all time a high hit less than a month ago |
| 0:50.3 | and yesterday we got that warning from data dog those shares fell another percent and a half |
| 0:54.8 | today the lowest close since mid may and now there is super micro shedding 23% for its worst |
| 1:00.2 | day since the start of the pandemic the IT company warning about weak demand for its AI servers |
| 1:05.9 | the weakness helping to push the Nasdaq to close below its 50 day moving average for the first |
| 1:10.7 | time in five months so is this the canary in the coal mine could there be more danger ahead if |
| 1:17.0 | we are to believe that a lot of gains are built on the promise of AI and now there are cracks |
| 1:22.4 | guy should we be concerned in terms of demand the stories intact without question the run |
| 1:28.0 | in some of these stocks so we've talked about it I think that's gotten clearly gotten ahead of |
| 1:31.5 | itself and you couple with what super computer said with Taiwan semi couple weeks ago then you |
| 1:37.2 | start saying yourself hmm obviously it's in industries coming it's around it's not going anywhere |
| 1:42.4 | but a lot of pull forward has been done without question and a stock like super computers went from |
| 1:47.1 | 100 to 300 in two months you give something back today it makes sense but we'll start to feed on |
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