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CNBC's "Fast Money"

Fast Money 05/14/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 14 May 2018

⏱️ 45 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

Fast money starts right now.

0:02.8

Live from the Nasak market site overlooking New York City's Times Square.

0:05.9

I'm Melissa Lee.

0:06.8

Your traders on the desk are Pea Jaray and Tim Seymour, Dan Nathan, and Guy Dami.

0:10.4

Tonight on Fast, it is Bitcoin Week Part D, as one of the largest Bitcoin conferences kicks off here in New York City.

0:17.0

We've got every crypto angle covered in just a few moments.

0:20.0

Former Citigroup Trader goes crypto, Arthur Hayes, who runs one of the largest

0:24.4

cryptocurrency exchanges by volume, will be here. And he says something very

0:28.4

bullish happened today. He'll tell us what that is. Plus, place your bets a Supreme Court paving the way for

0:34.0

legalized sports gambling and there could be an unlikely group of winners. We will

0:38.0

give you the stocks and the trades. But first we start off with a rally that

0:41.4

many wish was not happening talking about the pain at the pump.

0:44.8

Gas prices are nearing $3 a gallon as oil is on 5% in the past month alone.

0:50.5

That certainly has helped energy stocks, but could higher prices at the pump

0:54.0

actually hit the consumer and send consumer facing stocks reeling this ahead of a

0:59.4

big week big couple of weeks for retail earnings.

1:01.8

Yeah and obviously it's not going to help the consumer.

1:04.0

I mean, it's clearly not going back into the economy.

1:07.0

And those incidental dollars you're spending on gas, you can't spend someplace else.

1:10.0

I saw Joe Livornea on earlier today talking about just that but doesn't mean all

1:14.4

retail is going to die. Look at Walmart and Target today for example. I mean if you

1:18.2

go down to the lowest common denominator I guess if you want to break it down

...

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