Dow’s Worst Day Since September and Big Short Investor Says Stay Away From Tesla 12/15/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 15 December 2022
⏱️ 44 minutes
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| 0:00.0 | Right now in fast, holiday blue stops selling off the sphere's rise. |
| 0:04.8 | The Fed is going to tip the economy into recession. |
| 0:07.4 | Big cap tech, semis and retail, all getting caught in the down draft will hit the charts |
| 0:12.0 | to see where we could be headed from here, plus losing steam or stream, shall we say. |
| 0:17.2 | Shares a Netflix tumble on reports its ad supported tears off to a slow start. |
| 0:21.6 | The slide putting a chill in the rest of the sector is a time to pull the plug on media |
| 0:25.0 | and social stocks. |
| 0:26.4 | And later selling spree, Elon Musk dumping billions more of his Tesla's stake, is that |
| 0:30.6 | the real reason Shares have been crushed this week, not that he's being driven to distraction |
| 0:35.2 | by Twitter. |
| 0:36.2 | We all are revved up to debate this. |
| 0:37.9 | I'm Melissa Lee. |
| 0:38.9 | This is Fast Money. |
| 0:39.9 | We're live at the Nasdaq Market Sight on the desk tonight, Karen Feinam and Dan Nath |
| 0:42.6 | and Steve Brasso and Guy Adami. |
| 0:44.6 | We start off with a deep red sea on Wall Street. |
| 0:47.8 | The Nasdaq dropping another 3 plus percent a day, falling into the red for the week, as |
| 0:51.9 | markets digest the impact of yesterday's Fed decision. |
| 0:54.4 | The S&P shedding nearly two and a half percent, the Dow down as much as 950 points at its |
| 0:59.5 | lows, clocking its biggest decline in more than three months, all three indices on pace |
| 1:04.0 | for their worst December since 2018. |
| 1:06.2 | And take a look at the moving yields, the 10-year dropping back into the 3.4 percent range, |
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