Countdown to Fed Decision, and Digging in on Instacart’s First Day 9/19/23

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 19 September 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks closed lower on Tuesday as investors awaited the Fed’s next rate decision, and while markets largely expect the central bank to hold steady tomorrow, short-term rates rose to their highest level in over 16 years. We break down the latest moves in the bond markets and what they mean for investors. Plus shares of Instacart parent Maplebear closed more than 12% higher than their IPO price, but well off their opening trade. What’s that say for the state of the IPO market? Fast Money Disclaimer

Transcript

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0:00.0	Morgan, thank you very much and live from the Nasdaq Market site in the heart of New
0:05.1	York City's Times, where this is fast money in here is what's on tap tonight.
0:10.1	Stocks stuck in the mud as investors count down to tomorrow's Fed decision, Chair Powell
0:14.6	expected to hold the line on rates, but with energy prices surging, housing, swamping
0:19.7	and the consumer a bit on edge, could rate cuts sooner rather than later, we will debate
0:26.0	that one.
0:27.0	Plus, deal delivered Instacard, getting a solid bump in its debut as a public company, but
0:33.1	it's $14 billion valuation of far cry from its pre-IPO peak of nearly 40 billion.
0:39.8	What happened there, we'll dig in on where it could go from here.
0:43.8	And later, inside RH's distressed stock slide, the decap downgrade, taking shares of
0:50.0	Starbucks lower and the options action for FedEx ahead of its earnings report.
0:55.1	Good afternoon everybody, I'm Tyler Matheson in from Melissa Lee coming to you live from
0:59.4	Studio B at the Nasdaq upstairs from where I was the last day.
1:02.9	It is so good to have you a new spot here everybody, the light looks great on you this
1:06.7	by the way.
1:07.7	What do you think of this?
1:08.7	Great light for you.
1:09.7	A lot of empty space here that we're going to fill with quality content on the desk
1:14.2	tonight.
1:15.2	Tim Seymour, you just saw him, Karen Feinerman, Guy Damien, Mike Co, thank you all for
1:19.4	joining me.
1:20.4	We start with the countdown to tomorrow's Fed decision, stocks closing off their lows of
	...

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