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CNBC's "Fast Money"

Fast Money 05/20/19

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 20 May 2019

⏱️ 44 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 live in the NASDAQ market site overlooking New York

0:04.7

City's Times Square. I'm Melissa Lear. Traders on the desk are Tim Seymour, Mark Tepper,

0:09.0

Dan Nathan and Guy Dami. I mean check out here as Tesla taking a hit today, briefly dropping below 200

0:14.4

bucks a share as the electric vehicle maker faces a mountain of issues.

0:17.7

So what can save the stock?

0:19.5

We've got some details.

0:20.5

Plus, tech stocks getting crushed today as tensions rise between China and the U.S.

0:25.0

And Rebecca Patterson says this could be just the beginning of the Tech Cold War.

0:29.7

We start right there with the Trade War tech pain.

0:32.4

Check out some of the carnage today is alphabet and the chip makers pull away from Chinese

0:36.0

tech giant, Huawei.

0:37.5

The chip's getting crushed, Qualcomm, both down 6%, apples down 3%, as H.S.B.B. says there's more trade war, pain ahead for the tech giant.

0:46.0

So with tech caught in the crossfire, what do you do right now, Guy?

0:50.0

Well, I think you think the market's going to continue to go lower. I could say you go to health care, you go to energy,

0:54.8

but the short of this is the market double-topped in the S&P at 2940. We've talked about that a number of times.

1:00.3

I don't think the Vicks is nearly high enough to to equate with what's going on in the world and quite frankly if you think there's some US-China trade deal that's going to be struck in the 11th hour

1:10.7

I don't think it's going to happen and I've said this for a while I don't think that I think the Chinese have been stringing us along I think they've been preparing for this for months if not the last year and I think there's more pain ahead for the broader stock market.

1:21.6

I mean the summies alone for the past month down about 17 plus percent here so we're getting the

1:25.8

swipe of just the general trade war hitting the broader sector but also the specific

1:30.1

hits because of Huawei.

1:31.6

Yeah and obviously as we see Google begin what's going to be an exodus of U.S.

1:36.2

companies from doing business with Huawei, you have this sense of this is really happening.

...

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