Another Regional Rout, and #2 on This Year’s Disruptor 50 List 5/11/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 11 May 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of PacWest tumbling again as depositors continue to flee the troubled bank. We dig in on the latest turmoil in the financial sector, and what it all means for the markets. Plus one start-up is hoping to fill the hole left by the collapse of SVB. Brex CEO Henriques Dubugras joins us to discuss his strategy. Fast Money Disclaimer

Transcript

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0:00.0	Right now in faster regional route, more troubles for Pac-West and a potential partnership
0:06.2	between regionals and Blackstone, what the latest headlines could mean for bank stocks
0:10.2	and the broader markets.
0:11.2	Plus, Google Glory, out of that adding $115 billion to its market cap in just the last
0:17.0	two days, has a company behind Bard officially taking the lead in the AI race.
0:21.4	And later, Tesla gets its CEO back, Twitter gets its CEO back.
0:25.2	Oh, Tesla's due too.
0:27.0	Bonus.
0:28.0	For both of them.
0:29.0	It is these ripple effects and two crypto-related stocks moving vastly different directions.
0:33.0	We're diving into all those trades.
0:34.0	I'm Melissa Lee.
0:35.0	This is Fast Money.
0:36.0	We're live with the Nasdaq Market site in the heart of Times Square on the desk tonight.
0:38.9	Bono and Ison, Dan Nathan, Guy Dami and Julie Beale.
0:42.3	We start off with the latest developments on the debt ceiling.
0:44.7	Kayla Tashi has confirmed that the meeting between principles scheduled for tomorrow has
0:49.0	been postponed.
0:50.0	Let's get to Kayla for all the details.
0:51.6	Kayla?
0:52.6	Well, Melissa, that news coming late this afternoon after the market closed that the principles
0:57.1	had all agreed to postpone the meeting for some time early next week, according to
	...

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