Countdown to the Rail Strike that Could Crush Consumers, and the Great Disparity in Fed Projections 9/14/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 14 September 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re just over a day away from the deadline for rail carriers and unions to come to an agreement on major contract issues. But with a potential strike threatening to cut $2b a day from the U.S. economy, what kind of impact will we see on retail, autos and other industries. Plus the smart money says the Fed should do anything from hike by 100bp to cut by 25bp! So what should we actually expect from the meeting next week. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Right now on fast the clock ticking toward another potential supply chain time bomb.
0:05.8	We are just hours away from a massive rail strike that would shut down train traffic from
0:10.5	coast to coast.
0:11.5	We'll get the latest in negotiations in detail the looming economic devastation plus sobering
0:16.3	comments from the CEO of McDonald's, the fast food giant delivering a downbeat message
0:20.3	about the U.S. economy, China and the road ahead for Europe.
0:23.9	Also as brutally honest take on the future of the McPlanberger.
0:27.5	And later our list of boring but beautiful stocks for a rough and tumble market.
0:31.8	Inside the netflix plan for streaming with commercials and feda watchers are all over
0:36.2	the map with what pal should do next.
0:38.2	We'll get the traders to choose their own rate hike adventure.
0:41.1	I'm Melissa Lee.
0:42.1	This is fast money.
0:43.1	We're live at the Nasak market site on the dust tonight.
0:45.1	Bono and Eisen and Karen Feinerman, Dan Nathan and Jeff Mills.
0:48.8	And we start off with a countdown to a rail strike that could crush your consumers.
0:52.8	We are fast approaching.
0:53.8	That is deadline for rail carriers and union leaders to reach an agreement on sick leave
0:57.8	and quality of life policies.
0:59.6	If the two sides cannot come to terms and workers go on strike, that could cost a U.S. economy
1:05.3	$2 billion a day and wreak havoc on the retail, auto and construction industries which are
1:11.6	still grappling with supply chain and inventory issues.
	...

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