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CNBC's "Fast Money"

Fast Money 07/12/19

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 12 July 2019

⏱️ 22 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

Best money starts right now.

0:02.6

Live in the Nazak Market site overlooking New York City's Times Square.

0:05.4

I'm Melissa Lear.

0:06.2

Traders on the desk for Tim Seymour, Steve Grasso, Dan Nathan and Guy Dami.

0:09.5

Tonight, Facebook soaring into the close and reports that the FTC has approved a $5 billion

0:14.4

fine for the social media giant is the worst finally over for this stock.

0:18.2

Plus Johnson and Johnson not out of the woods yet the DOJ launching a criminal probe into what the company

0:24.2

knew about the cancer risk in its baby powder. We'll tell you why there could be

0:27.7

more pain ahead. But first we start off with a judgment day for the markets. It was a

0:31.8

record week on Wall Street

0:33.1

Storing to all-time highs as earnings get ready to kick into full year next week

0:37.4

with the banks ready to report but also names like Netflix, Microsoft, IBM,

0:42.4

all on deck.

0:43.9

So will earning seasons spark another leg of the rally?

0:46.2

Or could it derail this market?

0:48.8

Guy Donnie.

0:49.3

Well, I mean, here I'm going to say it's going to derail it

0:51.5

because I've been obviously embarrassed.

0:53.8

I think the markets are all over incorrectly for quite some time, but for the life of me I can't

0:58.2

believe that earnings, you're going to be able to build momentum from what we've seen on the

1:02.3

back of earnings, which at best is going to be Teppid. be In my world, earnings can only disappoint given where at all time highs in the S&P

1:14.3

it hurt though.

...

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