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CNBC's "Fast Money"

Fast Money 08/29/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 29 August 2018

⏱️ 45 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. Live in the Nesac Market site overlooking New York City's Times Square.

0:05.7

I'm Melissa Lear. Traders on the desk are Pete Nigeri and Tim Seymour, Dan Nathan and Guy Adami.

0:10.3

Tonight on Fast Pot and crypto. In the United States, more, pot stocks are lit as America's love affair with the marijuana

0:17.0

tree grows in her own cannabis king.

0:19.0

Why not?

0:20.0

Tim Seymour will weed out which names you can still buy and which you should just say no, 2.

0:24.4

2. Plus, Bitcoin above 7,000 as a short seem to be waiving the white flag.

0:28.8

Could this be the bottom the crypto world has been waiting for?

0:31.8

Michael Morrow, CEO

0:32.9

crypto trading firm Genesis Global, will be here to tell us why

0:36.0

Bitcoin 10K could be next. But first we start off with the King of the Jungle.

0:40.5

Amazon, heading at all time high today after Morgan Stanley said it could be the

0:44.6

next trillion dollar stock. Amazon shares now up more than 130,000% since

0:50.8

its IPO back in 97 and supporting a cool 974 billion dollar market cap.

0:57.0

Get this. If you invested 1,000 when company went public 21 years ago, you'd be more a 1 million dollars richer today. Not bad

1:04.7

for a company that started out selling only books. How much bigger can Amazon

1:08.4

get and is it the must-owned stock of the market now? Guy. Hi Mel. Hi guy. Hi Simba. I love the

1:16.2

line is that's the Lion King right? My favorite was the scar guy where he had a

1:19.8

scar. That's nice. He was the mean guy. I really don't. He was the antagonist of the show.

1:24.5

Can you still on Amazon? Yeah, and this is Amazon is one name we really haven't

1:28.8

wavered on on this desk. And one of the things I've said all along, it's not about really any of the

1:32.4

standard numbers,

...

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