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CNBC's "Fast Money"

Dow posts best day since July, and Disney’s $3 billion question

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 7 October 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

What a difference a day makes! Markets soared Wednesday after the President reversed course on stimulus negotiations. Plus, what one activist investor wants Disney to focus on, and what it’ll mean for the stock

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Melissa Lee and this is Fast Money.

0:03.2

Tonight's trader line up, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.

0:06.6

Tonight on Fast is Disney's dividend in danger.

0:09.6

That is a $3 billion question as an activist investor takes aim. We'll tell you

0:14.1

about the bold call to unlock some serious magic for investors. Plus we're

0:18.5

tracking the treatment shares of Eli Lilly jumping as the company looks to fast track

0:22.3

its COVID antibody drug, what

0:24.2

Lilly's CEO told us about a timeline. And later, hot profits and cold pizza,

0:29.0

the one fast food stock serving up some serious gains, thanks to leftovers. We start off with a

0:34.7

massive market rally on Wall Street the Dow finishing the day up more than

0:38.0

500 points having its best day since July while the S&P 500 and NasASAC moving more than 1.5% higher.

0:45.0

The rally driven in part by President Trump who made an about face on stimulus putting aid back

0:50.8

in play before the November election. So can we expect this rally to

0:55.9

continue and Guy you know what really struck me about today's rally is that

1:00.0

we closed... What's that Mel? We closed nine points higher than where we opened the session yesterday.

1:05.9

It's like we're better off today hoping for piecemeal parts of the stimulus plan than we were yesterday.

1:13.0

Yeah, and I made a point, albeit a clumsy one about yesterday, that President Trump,

1:20.0

in my opinion, is extraordinarily focused on the stock market.

1:24.3

One of the things I've said and the administration has said it for years now that the

1:28.1

stock market is a report card for how well they're doing.

1:31.1

So for him to tweet something and then to watch the Dow Jones

1:34.3

industrial average which he's laser focused on go down almost 600 points in a

...

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