Energy Hits Year’s Highs and the Deal Disney May Be Looking to Make 9/14/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 14 September 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crude oil crossed $90/barrel for the first time since last November today, and fueled the PPI’s energy index to its biggest gain since at least 2010. But how much higher are prices going from here? And how do you play the gains? Plus Disney shares getting a boost midday after reports it may be looking to offload its ABC networks. What a deal could mean for the beaten down stock. Fast Money Disclaimer

Transcript

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0:00.0	Live in the Nasdaq Market site in the heart of New York City's Times Square, this is
0:05.7	Fast Money.
0:06.7	We're phones ring on set.
0:08.2	Here's what's on tap tonight, a burst of energy, crude doing something it hasn't done
0:12.7	all year long.
0:13.7	Is this just the start of a long year in rally?
0:16.6	And if so, how much higher can this trade go?
0:18.5	Plus, the countdown to midnight, the CEOs of GM and Ford speaking out as a threat of
0:23.2	UAW strike straws closer.
0:25.5	What they have to say about the looming work stoppages and what it could mean for the
0:28.7	auto industry.
0:29.7	And later, we'll go inside arms long awaited return to the public market today here at
0:33.9	the Nasdaq.
0:34.9	Disney's bump on reports ABC could be sold and a new ETF hitting the market trying to
0:39.4	capitalize on the zero day options boom.
0:42.2	I'm Melissa Lee coming to you live from studio B at the Nasdaq on the dust tonight.
0:45.8	Tim Seymour, Karen Feinerman, Dan Nathan and Guy Adami, but we start off at the pop in
0:50.1	oil prices.
0:51.1	WTI crude topping 90 bucks a barrel for the first time since last November.
0:55.4	Brent crude surging to closing in on $94.
0:58.6	Big oil stocks coming along for the ride, Marathon, Hess, Conoco Phillips, Exxon, and
1:03.4	more all beating the broader markets today.
	...

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