Fast Money 03/12/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 12 March 2020

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.

Transcript

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0:00.0	The Fed tries to run to the rescue with more than a trillion dollars and fails.
0:07.0	Good evening everybody and welcome to Fast Money on an historic night.
0:12.0	The Dow falling an incredible 2,352 points, a nearly 10% drop.
0:18.0	That is the single biggest one day drop since the fateful black Monday of 1987. Every Dow stock fell and only one of the entire S&P 500 index, Rose.
0:28.0	With this again on this night for your money and guidance, Tim Seymour,
0:32.0	Brian Kelly, Dan Nathan, and Guy Adami.
0:34.0	Well, here's how the day played out.
0:36.0	It felt like a number of days really rolled all into one.
0:39.0	At the open, a quick 7% fall and a trading hall.
0:42.0	The Dow down more than 2,000 points. A quick 7% fall and a trading halt.
0:42.8	The Dow down more than 2,000 points.
0:44.7	But then, right around 1 PM Eastern time,
0:47.1	stocks tried to stage a comeback on the back of the news
0:50.3	that the Fed will inject one and a half trillion into the market
0:53.2	prevent a full-blown credit crash. But the excitement was short-lived. Stocks
0:58.1	kept falling. We actually end of the day on the lows. And we have got a huge show for you tonight for the host of big
1:04.7	names with Guggenheim Scott Minard and Hess Oil CEO John Hess. We're going to get to those in
1:10.1	moments. But first let's get more now on exactly what the Fed did and tried to do today
1:14.9	with their trillion and a half dollar injection. We're joined by phone by Steve Leisman.
1:20.7	I'm on the phone with you. Brian, I'm here joining you with two things the Air Federal Reserve in the first instance
1:28.9	it extended its purchases to 63 hours across a range of maturity,
1:35.0	what's the first thing.
	...

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