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CNBC's "Fast Money"

Fast Money 08/11/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 11 August 2020

⏱️ 49 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.

0:03.2

Tonight's trader-dami, Tim Seymour, Karen Finerman and Brian Kelly.

0:06.7

Tonight on Fast, the stage is set.

0:08.9

Joe Biden picking Kamala Harris as his running mate.

0:11.8

We'll break down what it means for the markets as we

0:13.6

head toward November. Plus a metals meltdown golden silver falling hard in

0:17.8

today's session so is this trade losing its shine and later BK is stepping up to the plate to pitch his next best idea

0:24.8

why he thinks this tech titan still has room to run.

0:27.8

But we start off with today's massive market reversal stocks giving up their

0:31.6

gains in the final hour of trading at one

0:33.8

point today the s and p five hundred was within five points of an all-time high as you can

0:38.7

see it closed in the red meantime the dau squandering a 360 point gain to close down more than 100 points.

0:47.0

We also got a headline at the bottom of the screen by the way, Tesla announcing a 5 for 1 stock split.

0:51.6

We'll get to that in just a moment.

0:53.0

Leading today's tech losses,

0:55.0

AMD dropping six and a half percent Apple, Microsoft, Amazon, Facebook, all falling

1:00.0

more than 2% guy. What is your take on this big turnaround that we witnessed?

1:05.0

Yeah, well, I mean, obviously those were the leaders. I mean, you know, I would have thought something

1:09.4

like this could have happened weeks ago, quite frankly, so the fact that it's happening today is just you

1:13.2

know you just pick a day I think the reversal is interesting we'll see if it

1:16.5

holds up tomorrow we've seen moves like this before in the broader market it hasn't

1:20.4

amounted to much but to your earlier point I mean you saw a pretty significant reversal

...

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