Does the Fed Have a Credibility Problem?

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 16 March 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With less than a day left before the Fed’s most consequential rate decision in a while, Wall Street is increasingly expecting the central bank to overshoot on inflation and start thinking about raising rates. What you should expect from the Fed’s decision tomorrow. Plus, what do Amazon and Chipotle have in common? What about Walmart and Facebook? The answer may surprise you 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	I'm Melissa Lee and this is Fast Money.
0:03.4	Tonight's straighter lineup, Guy Dami, Tim Seymour, Dan Nathan, and Bono and Ison.
0:06.8	Tonight on Fast, we are following the after-or-as-action cheers of Lenore and CrowdStrike both stocks
0:11.9	on the move after reporting results will dive into their quarters straight ahead.
0:15.3	Plus, Guy is stepping up to the plate to fish his next best idea why he thinks this chip
0:19.7	stock is ready to rip.
0:21.7	And later, move over Jean Rayburn.
0:24.0	Google it, if you don't know him.
0:25.7	We're playing the Fast Money, Miss Match Game.
0:28.2	We're pairing up the stock that have absolutely nothing in common except for one thing.
0:33.2	The same valuation.
0:34.2	Find out which of our Miss Match Pairs is a better vibe.
0:37.4	We start off with breaking news on Uber.
0:39.4	Here's your boasts, Scott, the story, D-Boat.
0:41.6	Hey, Melissa, in an SEC filing just now, Uber says that it will reclassify all of its
0:49.0	UK-based drivers as worker, as such.
0:52.0	They will be entitled to certain benefits, but they will not be full in place.
0:56.0	Now, the move will increase the Uber's costs in the UK, but in the filing, the company
1:00.4	says it is still targeting adjusted EBITOP profitability by year end in the after hours.
1:06.7	Trade Uber shares are down about 2%.
1:09.4	Now, of course, Melissa, this comes after a five-year legal battle where Uber has fought
1:14.1	to keep drivers as independent contractors in the UK.
	...

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