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CNBC's "Fast Money"

Fast Money 06/18/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 18 June 2020

⏱️ 48 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

That's when he starts right now. I'm Melissa Lee tonight's trader

0:03.8

lineup Guy Dami Tim Seymour Steve Grosso and Karen Finerman tonight on fast

0:07.7

Tesla's electric rally gaining speed as Wall Street crowns a new top bull on this

0:12.1

stock we are breaking down the big call straight ahead plus as Wall Street crowns a new top bowl on this stock.

0:12.8

We're breaking down the big call straight ahead.

0:14.5

Plus, we're talking with the CEO of Ripple.

0:16.8

The company just made the C. M.C. Disruptor 50 list.

0:19.8

We'll talk about that in the latest on the crypto craze.

0:22.4

And later, Deal drama, a new twist in the mega. about that

0:25.0

may have just gone bust.

0:28.0

We start off with the fast track on the data

0:30.0

and 100 million reasons why the stock market may not be telling the true story

0:34.1

about this economy. Americans skipping payments on more than 100 million

0:38.6

loans in May that includes everything from student loans to car payments to mortgages.

0:44.0

The number wore than triple that of April.

0:47.0

It's a latest sign that stimulus checks and unemployment benefits aren't enough to fully cover the expenses.

0:52.0

So when these programs run out, what happens to that

0:54.8

consumer and to the economy and of course to the stock market guy?

0:59.5

Well you know that's a bit of a rhetorical question when you ask me.

1:04.4

It's not good and it's something we've alluded to for a while, but if you want anecdotal evidence,

1:09.2

you don't have to go any further than go and look at Wells Fargo's first quarter that they reported in the middle of April.

1:15.0

They took a $14 billion loan loss provision, which was up 413% year over year.

...

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