4.3 • 1.2K Ratings
🗓️ 28 March 2018
⏱️ 45 minutes
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0:00.0 | That's money starts right now. |
0:02.0 | Live from the NASDAQ market site overlooking New York City's Times Square. |
0:05.0 | I'm Melissa Lear. |
0:06.0 | Traders on the desk are Pete Nigeri and Tim Seymour, St. Grasso and Guy Dami. |
0:10.0 | Tonight on Fast Bitcoin nearing a death cross sending crypto traders into a frenzy but |
0:15.4 | don't worry top strategist Tom Lee says keep calm and hoodle on and he says there's a |
0:20.0 | painful method to making money in the cryptocurrency he He'll be here to explain what that is. |
0:24.5 | But first we start off with the tech tantrum raging on and the market's fallen angels, these |
0:29.1 | ones high-flying stocks that have gone from beloved to discarded Tesla and Facebook both in |
0:35.0 | bare markets Google and video Netflix in correction territory and the latest |
0:39.4 | fallen angel Amazon falling more than 4% amid the tech wreckage as investors fear it will |
0:44.4 | become the next target of the Trump administration. The third largest |
0:47.8 | company in the S&P 500 down 10% in just the last week. Will Amazon rise again? |
0:53.7 | And if not, what does that mean for the market, Pete? |
0:56.3 | Well, I think the amazing thing about Amazon |
0:58.0 | is, yes, it's down 10% in the last week. |
1:01.2 | It's still up 22% on the year. So the amazing part is this has |
1:05.0 | trades with an incredibly high valuation and I think a lot of what we're seeing |
1:08.8 | right now is just a reaction off of Facebook and actually the selling of those |
1:12.1 | fang names and some of the other tech names as well. |
1:14.7 | But going after many of the names in the market right now that have high valuations, and clearly |
1:19.9 | Amazon would be one of those names. |
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