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CNBC's "Fast Money"

Another Big Rally on Wall Street and Musk’s About Face on Twitter – Again 10/4/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 4 October 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks posting a second day of big gains, with the S&P closing out its best 2-day run since April, 2020. Can the momentum keep going? Plus Elon Musk is reviving his offer for Twitter on the original terms. What’s changed, and what it means for the social media space. 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

Right now in fast a two day rally for the ages, the major

0:04.2

averages now up over 5% from their lows of the year,

0:07.1

entertainment, energy, autos, retail, chips, and more,

0:10.1

flying. But is this a head fate before another fate or a

0:13.4

rebound you can believe in? Plus, let's make a deal.

0:16.4

Twitter shares soars Elon Musk says he is reviving his

0:19.2

deal to buy the company, same price, same deal. But why now?

0:22.9

What is the options market saying about today's development

0:25.1

and what impact will it have on the rest of the social

0:27.2

sector? And later Amazon puts a hold on a hiring, a hot and

0:30.8

tasty pizza pop, and a big pink bump. I had a Q3 earnings.

0:34.6

I'm Alyssa Lee. This is fast money, we're live with the

0:36.6

Nasak market site on the desk tonight. Tim Seymour, Dan

0:39.2

Nathan, Guy Dami, and Jeff Mills. And as we mentioned,

0:42.3

another strong day for the markets, the S&P and Dalaki

0:44.9

and their best day since May, the Nasak got more than 3.3%

0:49.0

will get to all that in just a minute. But first, the latest

0:51.5

on Twitter shares surging 22% after more than three hour

0:56.0

hold, Elon Musk reviving his offer to acquire the social

0:59.4

media company at 5420, a share his original offer just 4%

1:03.8

above today's close. David Favres got the very latest. Hey,

1:06.7

David. Hey, Melissa, Alison, we were talking earlier today as

...

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