4.3 • 1.2K Ratings
🗓️ 26 August 2019
⏱️ 44 minutes
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0:00.0 | That's right in live from the NASDAQ market site. This is fast money. I am Brian Sullivan and for Melissa Lee. |
0:06.6 | Your traders on this very important day are Tim Seymour, Brian Kelly, Mark Tepper, and Carterworth will join us momentarily. |
0:14.3 | The headline, what a difference a few words make. |
0:17.4 | Stocks rising, surging. |
0:18.9 | President Trump says that China wants to make a trade deal. So how are traders trading all the twists |
0:24.7 | and turns over trade? We're going to take you to trade schools, trade ahead. |
0:28.3 | Also, lift, getting a lift today following a big analyst upgrade. So is it time to put the pedal to the metal on this beaten down stock we are digging in on all of this and more importantly what you should be doing or maybe not doing around it. |
0:43.0 | All right, we begin though with big breaking headline right now. |
0:46.0 | Shares of Johnson and Johnson, they are higher in the after hours. |
0:49.0 | After an Oklahoma judge ordered the company to pay 572 million dollars for its role in the |
0:55.5 | national opioid crisis. However, that number 572 million, far less than some |
1:01.7 | expected. |
1:02.5 | Meg Turrell is live outside of the courthouse in Norman, Oklahoma, |
1:06.0 | where that decision was handed down less than one hour ago. |
1:09.2 | Meg. |
1:10.2 | Hey Brian, well, it may not sound like a positive headline but J and J |
1:15.0 | stock is certainly not reacting that way the judge here in Oklahoma did find |
1:18.4 | Johnson and Johnson accountable for creating the state's opioid epidemic saying it created what they call a public nuisance |
1:25.0 | but they were ordered to pay five hundred seventy two million dollars now the state had asked for |
1:29.8 | seventeen billion dollars over thirty years now that five that 572 million accounts for one year of what they call an abatement plan to try to fix the opioid crisis here in the state. |
1:39.6 | They're saying here in the 42-page decision that the state didn't provide sufficient |
1:43.7 | evidence of the amount of time and cost necessary beyond year one to |
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