A warning sign from Southwest, and digging in on the next move in rates

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 11 August 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Southwest signaling the spreading delta variant could eat into its profitability in the third quarter. We talk with one top airline analyst about what the warning means for the airline sector and the recovery. Plus, 10-year yields falling for the first time in six days. We go off the charts to find out where they’re going next and what sectors could benefit.

Transcript

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0:00.0	Live from the Mads Act Market site overlooking New York City's Times Square.
0:04.0	This is Fast Money.
0:05.0	I'm Melissa Lee.
0:06.0	Tonight's Trader Line up.
0:07.0	Tim Seymour, Guy Adami, Steve Grasso, and Nadine Termin.
0:09.6	Tonight on Fast, the rate reversal 10-year yields dropping for the first time in six days.
0:14.9	But where are they headed from here?
0:16.2	We dig into the charts for some answers.
0:17.9	Plus, we've got our eyes on shares of Lordstown, Sonos, and eBay all on the move after
0:22.1	their latest earnings report.
0:23.5	The team is digging in on the numbers.
0:24.8	We'll bring you the trades.
0:26.0	In a red flag on China, the headline that caused one of our traders to go short where he
0:31.4	or she's putting their money right now instead.
0:33.9	We start off with a big warning sign from a major airline.
0:36.4	Southwest raising a red flag for future profits due to the spreading delta variant.
0:41.1	For more, let's get straight to filibow, Phil.
0:43.1	Well, as you wouldn't see it from the way the stock traded today, but it was under pressure
0:47.4	early in the day as people said, wait a second, is this what we're going to see from other
0:50.5	airlines over the next couple of weeks?
0:53.2	Southwest issuing an 8K early this morning.
0:55.6	And the language is very clear.
	...

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