A Social Smackdown on Trump and Why Wall Street is Underestimating the Reopening Trade

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 11 January 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares of social media stocks taking a hit Monday after Twitter officially and permanently banned President Trump from its platform. But what will it mean for these stocks in the long run? Plus Credit Suisse’s Jonathan Golub says markets haven’t fully appreciated the strength of the economic comeback as we get back up and running. What it says about where you should put your money.

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money.
0:03.5	Tonight's trader line up, guyadami, Tim Seymour, Dan Nathan and Karen
0:06.4	Farnam.
0:07.4	Tonight on Fast, the record rally taking a breather as we year up for earning
0:10.4	season. The banks kick things off at the end of the week. We'll break down the
0:13.3	key names you need to watch straight ahead. Plus a crypto crash, Bitcoin falling 13% at one point
0:18.8	today and one analyst has a way to play it. He says this payment stock will thrive even if
0:23.9	Bitcoin continues to die, we'll bring you that name. And later the chairwoman is
0:27.7	taking the mound to pitch her next best idea why Karen thinks this consumer
0:31.7	stock is about to pack on some hefty gains.
0:34.7	We start off with new fallout this hour to the growing social media crackdown on President
0:38.5	Trump and his supporters.
0:40.1	More big names joining the list of tech companies blocking or limiting Trump's accounts
0:45.2	after last week's Capitol Hill riots.
0:47.0	And now Facebook and Airbnb just announcing new measures ahead of the inauguration.B saying that it will ban guests associated with hate groups.
0:56.0	Facebook saying that it will stop and take off all content with the hashtag stop the steal.
1:02.0	We saw Twitter fall disproportionately compared to its rivals
1:05.1	down by six and a half percent by days end. We had Angela Merkel, the German
1:09.3	Chancellor, come out saying that this is a problem if CEOs can determine you know who can speak
1:15.1	especially head of state. Gaiadami is this a problem for Twitter? I think it is I mean specifically Twitter yes and I think you mentioned it manifested
1:26.2	itself in the way the stock traded today but I also think it's a problem that
1:29.5	Twitter will overcome because I will still say it's too valuable property and I think
	...

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