Are Markets Too Optimistic Ahead of Tomorrow’s CPI Report? And Will China Come to the Rescue of the Global Economy 1/11/23

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 12 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets rallied again on Wednesday, with the Nasdaq putting in its longest win streak since early September. But will the gains hold if inflation comes in hotter than expected tomorrow? Plus, as China reopens and unleashes millions of potential consumers back into the world, can we see a major boost to the global economy?

Transcript

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0:00.0	Right now and fast, a winning streak with tech leading the charge, the Nasdaq closing
0:05.2	four straight days of gains.
0:06.4	The first time that's happened since September, is this the market's way of saying it thinks
0:10.4	we are in for a Tame CPI report tomorrow?
0:13.0	Plus, China to the rescue as a reopening from Beijing and beyond picks up steam could
0:17.6	the millions upon millions of pent up Chinese consumers keep Europe and the U.S. from falling
0:23.0	into a recession.
0:24.4	And later, day three of our big 2023 acronym revealed Carter's Courtney, waiting in
0:29.9	the wings.
0:30.9	The charge master set to reveal his bright and shiny plays while Courtney is trying to
0:34.9	create the right mood with her names on her list.
0:37.6	I'm Melissa Lee.
0:38.6	This is Fast Money Relived with the Nasdaq Market site on the desk tonight.
0:41.2	Tim Seymour, Courtney Garcia, C. Grasso in Carter, Braxtonworth.
0:45.3	We start off with a risk on rally, the Nasdaq now surging for the fourth straight day.
0:49.3	It is up almost 6% since Friday.
0:51.3	The big winners so far this year.
0:53.1	Big growth.
0:54.1	Amazon up nearly 6% today.
0:56.3	It's best day since November, up 13% already this year.
1:00.2	It is closer re-entering the trillion dollar club.
1:02.8	Meantime Intel, it's up 13% in 2023, Netflix nearly 11%.
	...

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