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CNBC's "Fast Money"

Could China’s Crackdown Go Beyond Apple? And Just How Big Can the Weight Loss Market Get? 9/7/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 7 September 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Apple dropped for a second day in a row, and this time major suppliers came along with it. Is this just the start of what a China crackdown might do? Or are companies from Nike to Starbucks also in the crosshairs? Plus one analyst out with a big forecast for how large the weight loss drug market could get. What it all means for the biggest players in the space. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Live in the Nasdaq market site in the heart of New York City's Times Square, this is

0:05.5

Fast Money.

0:06.5

Here's what's on tap tonight.

0:07.7

The Nasdaq dropping for the fourth straight day as Apple keeps dragging the index lower.

0:11.6

The tech tighten now down over 6% in the last two days.

0:15.5

Is this all about the crackdown in China?

0:17.3

And if so, how worried should companies like Nike, Tesla, Qualcomm be right now, a deep

0:22.5

dive coming up.

0:23.5

Plus, a hundred billion dollar opportunity.

0:26.0

That's how big JP Morgan says the market for weight loss drugs could be.

0:29.8

And how much could that mean for the biggest players in the space?

0:32.7

We'll debate that.

0:33.7

And later, are you ready for some football and some sports betting?

0:37.4

NBC's Magic Wall Maestro Steve Karnaki will be allowing to take us inside the numbers.

0:42.3

I'm Melissa Lee, coming to you live from our brand new set, Studio B at the Nasdaq, on

0:46.6

the desk tonight.

0:47.6

Tim Seymour, Karen Feinerman, Bano and Ison and Steve Grasso.

0:50.9

We start off at the second straight, rotten day for Apple shares down another 3% today.

0:55.3

They're down more than 6% over the past two sessions.

0:58.1

The biggest stock in the world has also been the Dow's biggest loser two days in a row.

1:03.0

The slide starting after report, China will expand its iPhone band to state owned companies.

1:07.8

Semi's tied to Apple also feeling the heat, Qualcomm, for instance, down 7%, Taiwan,

...

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