CNBC Special Report: Taking Stock 2/16/23

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 17 February 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

CNBC’s Brian Sullivan reports on the Fed and your money. U.S. stock futures slipped after the major averages suffered declines amid concerns of stubbornly high inflation metrics. St. Louis Federal Reserve President James Bullard said he backed a 50 basis point interest rate hike at the central bank’s previous meeting and that he would not rule out a rate increase of that magnitude at the March meeting. Tesla is voluntarily recalling 362,758 vehicles and warns that its experimental driver-assistance software, marketed as Full Self-Driving Beta, may cause crashes. Plus, DoorDash stock pops after revenue beat and rosy guidance. Mad Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Good evening or good afternoon at West.
0:09.1	Welcome to the CBC Special taking stock I am, Brian.
0:12.3	Sullivan, Jim off again tonight is inflation cooling off.
0:16.5	Think again, more prices jumping in January.
0:19.4	And now one Fed head pushing for even more rate hikes.
0:22.2	That's smack stocks.
0:23.5	Your money ending the day firmly and they're ready to doubt down 431 points.
0:27.1	That's going to be more than a percent in the NASDAQ down 1.8%.
0:31.4	But if you are looking for signs of green, hey, who isn't, we have gotten one.
0:36.3	Bitcoin crossing back above 25,000 earlier today, but why?
0:41.4	Tonight we're going to dig into the Fed and your money.
0:44.1	Plus Tesla taking a dive as they announce the big new recall will tell you why.
0:48.8	And later is opportunity knocking a door dash.
0:52.8	That stock reporting after the close.
0:54.2	We're going to break down that stocks.
0:56.4	This move is everybody just sits around and gets food delivered to them.
1:00.6	We're going to deliver you some markets right now.
1:02.4	Let's get it started and kick off the hour with Mike Santoli to break down exactly what
1:06.5	happened today.
1:07.5	I suspect at some point you will use the word inflation in this report.
1:12.2	Yeah, Brian.
1:13.2	I mean, obviously the stickiness of inflation this week's CPI and producer prices as well.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.