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CNBC's "Fast Money"

Fast Money 08/06/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 6 August 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

I'm Melissa Lee and this is Fast Money.

0:03.0

Tonight's trader line of Guy Dami, Tim Seymour, Steve Grosso and Karen Finerman.

0:06.2

Tonight on Fast Uber, hitting the skis on weaker than expected results.

0:09.7

A company's conference call is now underway.

0:12.2

We are listening in. we'll bring you all the

0:13.6

headlines. Plus we're following late breaking developments out of Capitol Hill.

0:17.1

Right now lawmakers are kicking off a high-stakes meeting on the next round of

0:21.0

coronavirus aid. We are live in Washington with the very latest.

0:24.5

And later, see, Graso is stepping up to the plate to pitch his next best idea

0:28.8

why he thinks this housing related stock is a total home run.

0:32.4

But we start off with a 46 billion dollar market

0:35.6

mystery that's how much Facebook added in market cap today the reason not

0:40.6

entirely clear many pointing to the launch of Reels its answer to Tik-Toc

0:44.5

But we should point out that news was out yesterday morning Facebook shares today

0:49.3

Search 6% to a new all-time high

0:52.4

So guy what's your take on this move? 6% to a new all-time high.

0:53.6

So Guy, what's your take on this move?

0:57.5

Well, I have no idea why it moved like this.

0:59.5

You know, I'd be lying if I said I had an answer, so I won't try to give you one. I will give credit to

1:03.6

Karen because she's been on this you know something we've said you go back to the

1:07.4

middle of June and you know I remember this like it was yesterday when REI

1:10.9

North Face Patagonia came out and said they were pulling their ads for a month and at the time I think face

...

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