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RiskReversal Pod

Breakdown, it’s Alright and an Interview with Scott Wapner of CNBC

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7836 Ratings

🗓️ 17 December 2021

⏱️ 80 minutes

🧾️ Download transcript

Summary

Guy, Dan, and Danny discuss the final Fed meeting of the year (3:20), stocks eroding under the surface (6:22), the Carvana crash (19:23), and buy now, pay later. They end part one with bullish trade ideas (28:40), and Danny’s NFL pick for week 15 (33:54). The co-hosts interview Scott Wapner, host of CNBC’s “Halftime Report” and talk about his career path (36:45), the infamous billionaire brawl (Bill Ackman vs. Carl Icahn) that unfolded on live TV (40:21), his take on the Fed (59:55) and his unique Sports Illustrated collection (1:05:45).  ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

Click on a timestamp to play from that location

0:00.0

It's all right if you love me.

0:03.8

It's all right if you don't.

0:06.1

I'm not afraid, oh, you're running away.

0:08.1

Take it away, guy.

0:09.3

That would be the great Tom Petty from Gainesville, Florida.

0:13.5

That's Danny Moses in the center stage.

0:15.7

He's singing that song because, Danny, as you've mentioned, first of all, I believe right now as we enter week one five of the NFL,

0:22.5

the league where they play for pay, you are now 19 and 3. But on the weeks that you lose,

0:28.0

which is few, obviously, when you're 19 and 3, the market does some mysterious thing.

0:33.1

So you're singing a little petty breakdown, well done by you. But as you approach the center stage, Danny, can you sort of give us a rundown of what the F is going on?

0:42.1

November 7th, first loss, Cincinnati at home against Cleveland market crushed the following week, two or three percent.

0:49.7

Next loss after that, Thanksgiving Day, runs my record to 16 and 2.

0:53.6

I decided to take Dallas over the

0:54.7

Raiders. You saw what happened on Friday and then the following, I think, Monday in the markets.

0:58.7

Well, the 10 standard deviation loss, which occurred on Sunday with the bills making it to overtime and then losing by six.

1:06.5

So not covering the spread. We saw what happened on Monday and Tuesday. Maybe Jay Powell also had the

1:11.3

bills. I'm not quite sure. But that's what it is. So now everyone's rooting for me to win. And that means

1:15.9

they root against Dan because Dan normally takes the other side of me. So we'll see what happens

1:20.2

this week. But I'm hopeful to give everybody a kind of a winning Christmas pick. I think Jay Powell has the runs, quite frankly, and it's interesting, Dan, Nathan,

1:27.7

before we really get into it, you want to sort of, 19 and 3 is pretty epic. I mean, at a certain

1:32.9

point, just, I would just, it's a math thing. You got to have a three in a week, I would think, Dan.

1:37.8

Yeah, I'm going to take the opposite of everything that he does. But, you know, well, we're sticking on this theme of breakdown. You know, Bruce Springsteen,

...

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