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CNBC's "Fast Money"

Fast Money 02/02/21

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 2 February 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Listen to our traders take you behind the money...how to play the volatility...pops and drops and the movers you missed. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Melissa Lee and this is Fast Money Tonight's Trader Line of Guy Tommy, Tim Seymour, Steve

0:05.5

Grasso, and Bono and Ison.

0:06.8

Tonight on Fast, we are tracking the Aftar Resaction and Alphabet Amazon and Chipotle,

0:10.9

all three stocks on the move after reporting results.

0:13.3

We'll break down the Fast Money Trader head plus break out your rally caps.

0:16.9

Wall Street just handed in its best day since November.

0:19.7

Find out how our traders are playing today's pop and later the YOLO trade goes bust.

0:24.2

GameStop, AMC, Blackberry, all.

0:26.6

Looking back down to Earth today, so did we just witness the last stand in the Reddit

0:29.9

Rebellion?

0:30.9

One of our traders says not even close more on that straight ahead, but we start off with

0:35.3

a bombshell out of Amazon founder Jeff Bezos is stepping down as CEO.

0:40.0

He will become the company's executive chairman, the stock, hire in the Aftar Resession.

0:44.7

Let's get straight to Deed Robosa with the details, Debo.

0:47.8

Melissa, bombshell indeed, Bezos, handing over the reins after Amazon's strongest year

0:53.8

in terms of revenue and profitability.

0:56.1

But this is also a challenging time for the company.

0:58.2

It's facing labor issues as its workforce surpassed a million employees last year.

1:02.8

And of course, there's antitrust scrutiny which isn't expected to go anywhere.

1:06.4

In fact, just after the news broke, Republican representative Ken Buck tweeting out, quote,

1:11.6

I have some questions for Mr. Jassy.

1:14.4

He has of course been a key voice in tech antitrust debates.

...

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