A Green Light to Invest in China? And Is This Chart So Bad, It’s Good? 7/7/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 7 July 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Major markets closed the day down after the June jobs report, but big China tech surged as investors hoped a big fine from regulators meant scrutiny of the group is behind us. Plus the Chart Master has a Chart of the Week which suggests one beaten down sector may be primed to pop. Fast Money Disclaimer

Transcript

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0:00.0	Right now in fast fine and dandy could China slapping fintech firm and group with a nearly
0:06.1	$1 billion fine actually be a good thing for investors looking to put money to work
0:09.7	in tech stocks in Beijing and beyond the answer may surprise you.
0:13.4	Plus winning streak shares of Rivian charging higher for the eighth straight session at
0:17.1	more than 80% during this recent run.
0:20.2	How long will this EV revival roll on?
0:22.1	We'll debate that.
0:23.1	And later the char master waiting in the wings with his chart of the week.
0:26.8	This one's a classic case of so bad it's good.
0:29.4	The big reveal is just moments away.
0:31.3	I'm Melissa Lee.
0:32.3	This is fast money.
0:33.3	We're live at the Nasak market site on the desk tonight.
0:35.3	See Grasso, Bono and I sent him Seymour and Karen Feynerman who will join us in a few
0:39.3	minutes.
0:40.3	Stocks unable to hold on to games to close out the week with the Dow shedding nearly
0:43.4	190 points after this morning's job support all three indices were down for the week as
0:48.0	well with Q2 earnings season right around the corner.
0:50.7	We're going to get today's action in just a minute.
0:52.5	But first we got to start off with a landmark ruling out of China.
0:55.8	Studies there are announcing fines totaling more than a billion dollars against companies
0:59.6	including Alibaba affiliate and group and Tencent.
	...

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