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CNBC's "Fast Money"

Fast Money 07/27/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 27 July 2020

⏱️ 46 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. I'm Melissa Lee tonight's trader line up. Guy Dami

0:04.4

he's back Tim Seymour Brian Kelly and Jeff Nels tonight on fast play ball

0:08.6

or not the stock taking a big hit today because the already delayed baseball season may be back on pause

0:14.8

plus goal closing at a record high today but in a flight for safety could Bitcoin

0:19.1

actually be the better bet and pot stocks lighting up today will tell you what's got those

0:23.5

traders poked so high but we start off at the coronavirus stimulus bill. Senator

0:27.8

Mitch McConnell unveiling the details of the bill just moments ago let's get

0:30.9

straight to Kaye Toshi who's got the very latest, Kayla.

0:34.0

Melissa, top Senate Republicans are now diving into each different part of this

0:41.0

Heels Act as leader McConnell termed this bill. It stands for

0:47.1

health, economic assistance, liability protection, and schools.

0:53.0

The trillion dollar package has 105 billion dollars for schools.

0:57.6

That is more than was in the Democrats Heroes Act from back in May.

1:02.0

It has another round of direct checks and it has an

1:04.9

added unemployment benefit of $200 a week. That's a decrease from what it's been

1:09.6

for the last several months, but Senate Finance Chair Chuck Grassley just noted that this is going to

1:14.4

transition to 70% of a workers pre-pandemic wage over the course of the next few weeks.

1:21.2

Senate Majority Leader Mitch McConnell said that the

1:23.6

virus doesn't care how fragile the economy is, but that the US cannot write a

1:27.8

blank check that it needs to be tailored for these specific times and

1:31.9

crossroads. But Democrats are already saying

1:34.4

it's far too tailored after McConnell took the floor Senate majority

...

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