Banks Get Hit… Plus Lawmakers Target Chinese Biotechs 9/10/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 10 September 2024
⏱️ 44 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Live from the NASDAQ markets and the heart of New York City's Times Square, |
| 0:05.7 | this is fast money. Here's what's on tap tonight. A bank breakdown from |
| 0:09.3 | money centers to regional, to lenders, the warnings that sent these stocks tumbling today and how you can trade the moves. the |
| 0:15.0 | the warnings that sent these stocks tumbling today and how you can trade the moves. |
| 0:15.0 | Plus, for counting down to tomorrow's big C. P. I print, the last big data point before the |
| 0:19.2 | Fed is expected to cut rates, what tomorrow's number could mean for the Central Bank. |
| 0:23.9 | And on the brink, W-N-B-BRA star Cameron Brink joins us live from Game Plan in LA. |
| 0:29.1 | What she says is driving a surge in interest in the league and how she's looking to build her brand. |
| 0:34.0 | I'm Melissa Lee coming to you live from Studio B at the Nasdaq on the desk tonight. |
| 0:37.2 | Karen Feinerman, Julie Beal, Guyadami, and Dan Nathan. |
| 0:40.4 | Look, Julie Bill's in the house. |
| 0:41.6 | Wow. In the house, nice. |
| 0:42.6 | But we start off with big trouble and the big banks, |
| 0:45.0 | Jafee Morgan, falling as much as 7.5% at its lows after its president, Daniel Pinto, |
| 0:49.9 | said he expects 2025 net interest income to come in below expectations. |
| 0:54.4 | Pinto joins a chorus of bank execs tempering outlooks just yesterday. |
| 0:58.1 | Goldman Sachs CEO David Solomon said he expects trading revenues to fall by 10% in the third quarter, while CitiFO warned of a consumer |
| 1:05.1 | credit crunch, and just this afternoon Bank of America CEO Brian Moynihan told her Sarah |
| 1:09.4 | Eisen he expects mixed results in the upcoming quarter. |
| 1:15.2 | Our trading revenue is sort of, we think it'll be up low single digits. |
| 1:19.5 | That's kind of counter to what we've heard. |
| 1:21.6 | But our, at the moment's down 10%, 2-3. And our investment bank revenue I think will be softer because our mix of business |
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