Believe the Bounce? And the Potential Impact of Secondary Sanctions

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 9 March 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets storming back in a big way today with strength seen across the board. But stocks are still mostly down over the last week. Should you believe the bounce, or proceed with caution? And the U.S. weighing sanctions that could have “devastating” effects on China in the wake of the Russia/Ukraine war. What that could mean for the companies operating in China. 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	Well, I'm from the Nasdaq Marketside, overlooking New York City's Times Square.
0:04.2	This is Fast Money.
0:05.2	I'm Melissa Lee.
0:06.2	Tonight, Trader Line up, Guy Dami, Karen Feiderman, Steve Grasso, and Bono and Ison.
0:09.8	Tonight, I'm fast, a major warning from the Biden administration to China.
0:13.4	Defy the U.S. sanctions against Russia and you could face devastating consequences.
0:18.2	The details and the potential market impacts straight ahead.
0:20.6	Plus, the crypto crowd breathing a sigh of relief after the President signed an executive
0:24.7	order outlining his rules of the road for digital currencies.
0:28.4	Ryan Kelly will join us to tell us why Bitcoin had such a big day.
0:32.1	And a little option's action ahead for Riveon's results, traders are revved up for this
0:35.8	report even though the stock's down, plus a 60 percent this year.
0:39.9	We start off with a big bounce on Wall Street, the S&B 500 surging more than two and a
0:43.5	half percent.
0:44.5	It's best days since June 2020.
0:46.6	The Nasdaq jumping 3.6 percent and the gains were broad base, airlines taking off,
0:51.3	Spirit United, each up more than 8 percent, semi-soring with SD micro in video and the
0:57.2	AMD all up more than 5 percent retail, banks, homebuilders all jumping to meantime, commodities
1:02.4	getting crushed crude oil down more than 12 percent heating oil, gas oil, both hitting
1:07.6	new records before plunging, gas oil seeing its worst day since 1991.
1:13.2	Before we get to all that, we want to hit the news that just across moments ago, Amazon
1:17.2	announcing a $20 for one stock split and a $10 billion stock buybacks.
	...

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