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CNBC's "Fast Money"

Fast Money 06/28/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 28 June 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Listen to our traders take you behind the money...how to play the volatility...pops and drops and the movers you missed. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Right now, on fast, the sea of red on Wall Street, the Nasak dropping just shy of 3%

0:06.0

to Dow swinging more than 900 points from high to close, energy the only sector in the

0:10.4

S&P able to hold on to gain.

0:11.8

So does this mark the end of the bear market rally?

0:14.0

Plus, a vote of confidence in the Magic Kingdom, Disney's board voting to extend CEO Bob

0:18.4

Chapex contract.

0:20.0

What he needs to do with this opportunity to get shares rising again, and a semi-stand

0:24.3

at one chip stock, fucking the big downtrend in the market, what got this name moving higher

0:28.6

and can this momentum last?

0:30.6

I'm Melissa Lee.

0:31.6

This is fast money life in the Nasak market, and the hard-of-time square on the death's

0:35.2

night, Dan Nathan, Guy Adami, Tim Seymour, and Jeff Mills.

0:38.1

And we start off with that sharp sell-off on Wall Street, major averages all closing near

0:42.0

the lows of the day, the Dow down nearly 500 points, the S&P 500 falling 2%, the biggest

0:48.0

loser, the Nasak dropping nearly 3%, dragging down the indices, big tech.

0:53.1

Take a look at the moves and names like Amazon, Tesla, Meta, and many more.

0:56.9

These five names lost a combined $250 billion in market cap today.

1:02.0

So at the end of the quarter, just around the quarter, corner, are we in for even more

1:06.4

pain ahead?

1:07.4

Dan, what do you say?

1:08.4

Listen, it is a bit of a head scratcher.

1:09.4

I think the consensus was that the market near-term was very oversold.

...

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