China deals a blow to a semi giant, and a new combatant in the Battle of the Bulge Description 5/22/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 22 May 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Micron dropping after China bans the U.S. chipmaker. What the latest move means for tensions between Washington and Beijing. Plus key lawmakers meeting at the White House to try to come up with a solution on the debt ceiling. And Pfizer gets in on the weight loss drug race and sees shares soar. Fast Money Disclaimer

Transcript

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0:00.0	Right now on fast, President Biden, House Speaker McCarthy meeting minutes from now on
0:06.1	the death ceiling.
0:07.1	The speaker saying ahead of the sit down, the talks are at a sensitive point.
0:10.3	We'll get the very latest from Washington coming up.
0:12.3	Plus, Jamie Diamond says the market should get ready for rates to keep climbing.
0:15.9	He also said he can't do his job forever, but feels great about the next generation
0:20.1	of leadership.
0:21.1	The details from the JPM investor days straight ahead.
0:23.9	Later, Pfizer gets set to get into the obesity game.
0:27.4	Two results in a pill form of their weight loss drugs that they say may be as effective
0:32.4	as the shot for Mozambique will go inside the numbers.
0:35.8	And Foot Locker getting kicked around again today and look at all the retail names getting
0:39.7	dragged down along with it.
0:41.4	I'm Melissa Lee.
0:42.4	This is Fast Money.
0:43.4	We're live at the Nasdaq Market site on the desk tonight.
0:45.0	Tim Seymour, Steve Grasso, Dan Nathan, and Mike Coe.
0:47.8	We start off with the latest flow to an already strained U.S.-China relation.
0:52.1	Beijing initiating a ban against micron listing the U.S. chipmaker as a risk because it failed
0:56.7	the national security review, micron slipping almost 3 percent on the news.
1:01.2	It's the Nasdaq 100's worst performer today.
1:04.3	The U.S. Commerce Department criticizing the China decision, a spokesperson stating,
	...

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