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CNBC's "Fast Money"

Can We See a Year-End Rally? And the CEO of the CME Group on Why He Thinks Sam Bankman-Fried is a Fraud 11/22/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 22 November 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

On the anniversary of the Nasdaq’s all-time high, the tech heavy index was able to rally, but it’s still more than 30% off that record. Is there more pain ahead, or are we setting up for a year-end comeback rally? Plus Terry Duffy, the CEO of the CME Group says he was calling out FTX founder Sam Bankman-Fried a long time ago. What he says concerned him about the crypto exchange. 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

Right now in bass, a tectonic shift, despite today's solid rally, some of the most high-profile

0:05.8

tech stocks licking their ruins from record highs hit just one year ago is the pain in

0:10.1

the rear-view mirror or still ahead for us.

0:12.6

And later, the chairman of the CME Group will tell us why he told F.E.X.

0:16.0

the San Benjamin Free that he was a fraud right to his space over six months ago.

0:20.6

He also warned Congress what was it that raised red flags about S.B.F.

0:24.5

Plus, a new bet on a comeback for the home builders.

0:27.5

The tail of the tape on two retailers headed in different directions.

0:30.7

And an iconic football club that could be set up for sale, but it's American owners.

0:34.9

I'm Melissa Lee.

0:35.9

This is Fast Money.

0:36.9

We're live with the Nasak Market.

0:37.9

So, you've got a full house here on the desk tonight.

0:38.9

Tim Seymour, Botto and Ison, Dan Nathan, and Guy Adami.

0:43.1

We start off with the anniversary of a major market milestone.

0:46.0

It was one year ago today that the Nasak hit its intraday high, climbing to a record of

0:50.9

over 16,200.

0:53.6

And what a year it's been since.

0:54.7

The Tech Heavy Index has fallen more than 30% from its peak, outpacing losses in the

0:58.9

Dow and S&P in that period.

1:00.6

And take a look at some of the biggest stocks in the index or at least what had been the

1:04.5

biggest stocks in the index.

...

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