Energy Stocks Look to Rebound, and Could M&A Be Coming For Biotech 1/3/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 3 January 2024
⏱️ 45 minutes
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| 0:00.0 | Live from the Nazac Market site in the heart of New York City's Times Square. |
| 0:04.8 | This is Fast Money. |
| 0:05.9 | Here's what's on tap tonight. |
| 0:07.4 | New Year's hangover. |
| 0:08.4 | The Dow falling nearly 300 points today. |
| 0:10.2 | The Tao, the Nasac now off close to 3% in two sessions and small caps |
| 0:14.3 | getting hit hard too. Is this the start of the sell-off so many have been |
| 0:18.0 | predicting will debate that. Plus drama at Disney, a couple new players |
| 0:21.9 | joining the boardroom battle, and they're backing Bob |
| 0:24.3 | Iger against Triumph Nelson Peltz should investors cheer or jeer this move. |
| 0:29.4 | And later, could fattened up pharma stocks fuel a biotech buying spree a buzzkill on sofai |
| 0:35.0 | after a strong finish to 2023 and T-Mobile's hitting new highs again. |
| 0:39.2 | How are they dialing up these gains? |
| 0:41.2 | I'm Melissa Lee Klamath from Studio B the Nazac on the desk tonight. Tim Seymour, |
| 0:45.0 | Steve Grazo, Courtney Garcia, and Gaya Dami. We start off with a crude awakening in the |
| 0:49.9 | energy sector. W.T.I. Jumping more than 3% for their best day since mid-November. |
| 0:54.6 | The move coming after the U.S. warned Huthy militants against further attacks in the |
| 0:58.7 | Red Sea. |
| 0:59.7 | OPEC also pledging to maintain its support of oil prices. |
| 1:03.1 | The rise in crude helping the energy stocks rally the sector the best performer today, accounting |
| 1:08.1 | for nine of the top 11 stocks in the S&P 500. |
| 1:11.6 | So is this sector which lagged the broader markets in |
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