China Goes Prime Time on Capitol Hill, and 3 Things Determining How the Economy Lands 2/28/23

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 28 February 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A new House committee holding a prime time hearing tonight to examine the “communist threat” posed by China. What they’re looking at, and what it means for companies doing business with Beijing. Plus Rebecca Patterson joins to discuss the factors she says will dictate whether the economy pulls off a soft or hard landing. Fast Money Disclaimer

Transcript

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0:00.0	Right now and fast, the U.S. versus China in prime time, we are just two hours away from
0:06.0	a live congressional hearing tackling the quote, Chinese Communist Party threat to America.
0:11.4	What impact will this new round of saber rattling have on major U.S. brands doing business
0:15.0	with Beijing and is big tech potentially in big trouble, a live report straight ahead.
0:19.4	Plus, grading Goldman, CEO David Solomon, running the investment banks big investor
0:23.4	day, did he do enough to calm investor nervous following the bungled consumer pushed by
0:27.6	the firm?
0:28.6	And later, we'll go inside targets challenging, not so terrible quarter, Bob Eiger's next
0:33.0	100 day challenge at Disney, and the bomb shell after the bell announcement from Novavax.
0:38.0	They say in a year from now, they might not be in business.
0:40.5	That's stock, as you see there, tanking.
0:42.5	I'm Melissa Lee.
0:43.5	This is fast money.
0:44.5	We're live at the Nasak market side on the desk tonight.
0:46.1	Tim Seymour, Dan Nathan, Guy Dami, and Julie Beale.
0:48.8	We start off with a big surge in social stock shares of Meta and Snapo jumping today as
0:53.4	a bill that could lead to an eventual ban of TikTok makes its way through Congress.
0:57.7	A House Committee debating legislation right now that would revise some of the protections
1:02.2	given to content distributors against U.S. sanctions.
1:05.2	The bill then heads to the Senate.
1:07.1	All this ahead of a prime time hearing from a new Congressional Committee focused on
1:10.9	China.
	...

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