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CNBC's "Fast Money"

Countdown to Earnings Season, and Could Prime Day Be the Last Gasp For Retailers? 7/10/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 10 July 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Major markets held onto gains to kick off the week, but with key inflation data and the start of earnings season around the corner, what does the future hold for stocks? Plus we’re just hours away from the kick off of Amazon’s latest Prime Days. But will the consumer rush out to snag deals, or will we start to see pressures weigh on demand? Fast Money Disclaimer

Transcript

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0:00.0

Right now on fast gearing up stocks stock mostly in holding pattern as investors get ready

0:06.4

for key data on inflation and the earnings season kickoff with banks at the end of the

0:10.5

week.

0:11.5

Your market checklist before the July juggernaut kicks off plus prime time Amazon Prime

0:16.0

days start tomorrow is this the start of the epic back to school and fall retail rush

0:21.0

and could this be the beginning of the end of the consumer spending spring we're going

0:25.4

to go inside the numbers and later the big lift for rides ride shares stocks storing

0:31.3

Disney's bummer of a summer rolls on and is now the time to bet on the sports betting

0:36.3

boom.

0:37.3

I'm Courtney Reagan in this evening from Melissa Lee this is fascinating live from the

0:40.2

Nasdaq market site on the desk tonight Tim Seymour Courtney Garcia Steve Grasso and

0:45.4

Guy Adami and we start with the markets bouncing back from losing week the Dow jumping

0:49.8

almost 210 points snapping a three day losing streak in the S&P and Nasdaq also closing

0:54.2

higher the top sector performers today in Dutch rules health care and energy and

0:59.1

Dutch rules now up almost 6% over the past four weeks the games come days before a key

1:04.0

inflation data read this week and the kickoff of earnings season Wall Street here is from

1:08.4

Pepsi and Delta on Thursday and the real fireworks come Friday of course when the big banks

1:12.7

kickoff earnings season.

1:14.4

So how should investors position themselves ahead of the key numbers Tim what do you make

1:18.8

of today's trading just sort of a little bit of a hangover from last week as we wait

1:22.8

for the CPI number some more details from some of these key I think it's been directionless

1:27.1

I think what's you know we're all reflecting more upon the move over the last few weeks

...

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