Carvana Crumbles: Who Could Be Next; And Two Big Signs For Concern in the Market 12/7/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 7 December 2022
⏱️ 44 minutes
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| 0:00.0 | Right now in Bath, Carvana crash, shares tumbling another 35% as bankruptcy fears grow. |
| 0:06.8 | The stock now down 98% this year. |
| 0:09.9 | What other pandemic high flyers could be stolen out and headed toward the scrap heap? |
| 0:13.7 | Plus, turbulence for travel stocks, the couple downgrades for the sector taking down everything |
| 0:17.8 | from airlines to Airbnb is another sign that consumer spending is running out of steam. |
| 0:22.8 | And later, Berlin boom, one of our traders back in September said it was time to bet on |
| 0:26.9 | Germany. Well, raise a sign of off-brow and throw on your later hose in. |
| 0:31.1 | Oh, nice. |
| 0:31.8 | Germany is best of the S&P 500 big time. |
| 0:34.4 | So it's a time to say out Vagerzane. |
| 0:36.1 | Oh, wow. Nice. |
| 0:37.2 | I'm literally, this is the fast money we're live with and as I'm marketing on the desk. |
| 0:40.5 | Tonight, Tim Seymour, Karen Fighterman, Steve Grasso, and Guy Dami is out there smirking. |
| 0:45.8 | We start off with another deep drop in shares of Carvana stock and the use, |
| 0:50.3 | carc dealer plunging as much as 47% at its lowest clocking in its worst state on record. |
| 0:55.7 | It closed the session under $4 a share. |
| 0:58.4 | It was $240 at the start of the year. |
| 1:03.0 | The move comes as speculation grows that Carvana is headed towards bankruptcy. |
| 1:06.5 | The company's largest creditors reportedly pledging to work together in any debt restructuring. |
| 1:11.2 | So what does Carvana tell us about some of these one-time high-fliers? |
| 1:15.3 | And let's be clear, we've been on this Carvana story for a long time all the way down, |
| 1:21.2 | Karen, and the debt had been signaling this as you had pointed out. |
... |
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