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CNBC's "Fast Money"

Big Short Investor Steve Eisman on the Market Rally, and What’s Next for Disney 7/13/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 13 July 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Stock markets rose again on Thursday after yet another softer-than-expected read on inflation. Neuberger Berman’s Steve Eisman is here to give us his take on the moves. Plus Bob Iger sat down with our David Faber this morning for a long interview on the future of Disney. We bring you the highlights and what it all means for the stock. Fast Money Disclaimer

Transcript

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0:00.0

Right now in fast rate shock last week the two year topped five percent of

0:04.9

ties level more than 15 years and today it's more than 60 basis points lower.

0:09.5

Should investors cheer or fear this rate whips our last device and a big

0:13.6

short fame to give us his take. Plus, Iger Unleashed, Disney's CEO Bob Iger

0:18.3

telling our own David favorite everything is on the table to right size and

0:21.8

reorganize the company is streaming as completely disrupting the

0:25.4

entertainment business. We'll break down Disney's next move straight ahead and

0:28.3

later a pop or Pepsi but are shared being artificially sweetened. Ripple is

0:32.8

explosive move higher the reasons why and progressive just loss of bundle

0:37.0

today. Sorry flow. I'm Melissa Lee this is Fast Money Relife from the Nasak

0:40.9

markets I had on the desk tonight Karen Feinam and Guy Downey Tim Seymour and

0:44.1

Lori Calvacina RBC capital markets head of U.S. equity strategy welcome

0:48.7

Lori. We start off with another strong day for stocks as investors cheer yet one

0:53.2

more cooler than expected inflation report producer prices growing at their

0:56.8

slowest pace in nearly three years the major indices all up for the fourth

1:00.3

day in a row meantime the greenback going red in a big way the dollar dipping

1:04.5

to its lowest level since last April rates also taking a massive leg

1:09.2

lowers we mentioned the 10 year yield sliding to its lowest level of the

1:13.0

month two year which was just at 5.15 last week now trading with just over

1:18.0

4.6% so what are the moves and rates and effects telling us about the

1:22.2

markets we have right now Guy. Well it's the bond markets is confused as I am

1:25.8

clearly and I don't think the bond market knows where it should be going in

...

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