A Major Warning From Apple and Gearing Up for Big Bank Earnings

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 12 October 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple shares dropping after hours after reports the company is getting ready to slash iPhone production due to the chip shortage. What it means for the iPhone maker and the chip stocks. Plus JPMorgan set to kick off Q3 earnings season tomorrow morning. How you should trade the big banks around these reports. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Live from the Nasdaq Market site overlooking New York City's Times Square.
0:04.6	This is Fast Money.
0:05.6	I'm Melissa Lee.
0:06.6	Tonight's Trader lineup.
0:07.6	Guy Dummy, Tim Seymour, Karen Feynman, and Dan Nathan.
0:10.0	Tonight on Fast, ready to report.
0:11.9	Earning season kicking off in a big way tomorrow.
0:14.0	The banks on deck.
0:15.4	Our traders are positioned heading into those prints plus just buy it.
0:18.9	The big call in Nike giving that stock a boost today.
0:21.3	Find out if you should bet on this name and later shaking things up.
0:24.6	The low down on a high-end burger from Shake Shack that could bring some mouthwatering
0:28.9	returns.
0:29.9	When we start out for the big after hours alert on Apple, the stock is lower on the
0:33.2	reports.
0:34.2	The company is flashing iPhone production.
0:35.2	We go straight to Josh Lipner with the details, Josh.
0:37.9	So Melissa, Apple just unveiled those new iPhones last month.
0:41.5	But Bloomberg is now reporting some news on those models that the company is likely to
0:45.5	cut its projected iPhone 13 production targets for 2021 by as many as 10 million units.
0:52.4	The reason pro long chip shortages.
0:54.8	The company had apparently expected to produce 90 million new iPhone models in the last
	...

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