4.3 • 1.2K Ratings
🗓️ 10 May 2019
⏱️ 23 minutes
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| 0:00.0 | Fast money starts right now live from the Nasdak market site overlooking New York's |
| 0:05.2 | Times Square. I'm Scott Wopner in tonight for Melissa Lee. |
| 0:08.2 | Our traders on the desk are Tim Seymour, Karen Finnerman, Steve Grosso and Dan Nathan, the market bouncing back today. |
| 0:15.0 | Stocks still having one of their worst weeks of the year as trade tensions escalate, but |
| 0:19.8 | are these trade tantrums the buying opportunity you've been waiting for. |
| 0:24.0 | But we start with the IPO everyone on Wall Street was waiting for. |
| 0:28.0 | That's right, Uber having a wild debut opening below its $45 IPO price, closing near the lows of the day, |
| 0:36.0 | closing below its open price, down nearly 8% for the rest of the market rallied back |
| 0:41.5 | Uber did not. This says investors questioning the rest of the market rallied back Uber did not. |
| 0:42.8 | This as investors questioning the value of the growth trade overall, |
| 0:46.2 | the Tech Heavy NASDAQ down 3% this week. |
| 0:49.7 | That was its worst week of the year. |
| 0:52.1 | Dan Nathan, what do you make of this? |
| 0:54.8 | Well, listen, I think it's nothing short of a disaster. |
| 0:56.8 | I mean, this was a massively bungled IPO |
| 0:59.2 | and brought to you by the company that massively bungled |
| 1:02.2 | the last major tech IPO which was |
| 1:04.7 | Facebook back in 2012 when you think about it I'll just tell you this all day long I |
| 1:08.4 | kept on hearing people apologizing for who bungled it oh it was Morgan Stanley I mean you know I mean do remember the the |
| 1:14.6 | Facebook deal back in 2012 I mean you know Facebook opened you know price at |
| 1:20.1 | 38 traded 44 closed that day at 38 and broke the next day and just flushed and kept |
| 1:24.1 | on going until it was a teenager. |
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