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CNBC's "Fast Money"

Fast Money 04/21/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 21 April 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

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

Transcript

Click on a timestamp to play from that location

0:00.0

And welcome to Fast Money, I'm Melissa Lee.

0:03.5

Your traders for the next hour are Guy Dami, Tim Seymour, Karen Finerman and Dan Nathan

0:07.8

tonight on Fast, a MAGA meltdown. Big Cap tech stocks falling hard and today is sell-off.

0:12.4

We'll find out what fueled the tech wreck. big cap tech stocks falling and today is sell off.

0:12.8

We'll find out what fueled the tech wreck.

0:14.7

Plus more on the historic collapse and oil prices.

0:17.8

Hedge fund legend Mike Novogratz will be with us

0:20.2

where he is finding big opportunity in this crude crash and later beyond

0:24.7

incredible we'll tell you what Sun shares of beyond meat soaring today but we

0:30.0

kick things off with a flood of earnings hitting the street Netflix

0:32.4

Chipotle,

0:33.0

snapped, Texas Instruments, all on the move after reporting results.

0:36.4

We kick things off with Netflix, Julia Borsons in Los Angeles with the very latest.

0:40.4

Julia, very volatile in the after-hour session.

0:43.0

That's right, huge spike and then giving up a lot of those gains.

0:47.0

Melissa, great to have you back.

0:49.0

Netflix adding 15.7 million subscribers in the quarter, that's about double what analysts expected.

0:55.4

The company also forecasting the addition of 7.5 million subscribers in the second quarter.

1:00.8

That's more than 3 million more than analysts predictions for that.

1:05.0

Now CEO Reed Hastings saying that there are three main effects of coronavirus

1:09.5

in addition to subscriber growth temporarily accelerating due to home confinement, he says that international revenue will be lower than previously

1:17.2

forecast due to the dollars sharp rise, and he also says due to production shutdowns some spending on content will be delayed.

...

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