Fast Money 09/09/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 9 September 2020

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money.
0:03.2	Tonight's trader line up, Gai Dami, Tim Seymour,
0:05.2	Karen Feinerman and C. Ross, tonight on Fast,
0:07.6	don't believe the bounce.
0:08.7	That is the message from one top technician.
0:11.0	Why he says today's big tech turnaround is just a blip. Plus
0:14.2	Deal drama, LVMH calling off its $16 billion Tiffany takeover, but one of our
0:19.7	traders says the deal isn't officially dead. and later Disney facing big backlash over its
0:24.7	new moulon movie will break down what is up stake for the media giant but we start
0:28.2	off with a major new development on a tick-tock takeover the Wall Street Journal
0:32.1	reporting the company
0:33.0	is working with the US to avoid a sale of its US operations.
0:36.7	Let's get straight to Julia Borsen with the latest.
0:38.5	Julia.
0:40.7	Well, Melissa, source is confirming to me that Bight Dance is continuing to explore options with the Committee on Foreign Investment in the U.S.
0:48.0	Ciffius about a restructuring of the company that would avoid a full sale of those US operations.
0:53.8	Now my sources tell me that long before President Trump set a deadline for Tik-Tok
0:58.0	to agree to a sale of its US operations or have the threat of being shut down,
1:02.8	Bightance was negotiating with Ciffius about various options.
1:06.4	My understanding is that one option that is being discussed
1:09.5	is a restructuring in which Bightance would maintain its ownership stake, but wouldn't have access to US user data or any control over US operations.
1:18.6	I'm told that one option could involve having a US company taking a minority stake
	...

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