Fast Money 11/28/17
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 28 November 2017
⏱️ 45 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We had a good day today. We had a phenomenal meeting with the Republican senators. |
| 0:05.0 | We had, it was very special that meeting. In many respects, I wish you could have been inside that room. |
| 0:11.0 | It was very, very special. The camaraderie was somewhat |
| 0:14.8 | of a love fest. They want to see it happen. |
| 0:17.0 | And it was a love fest on Wall Street. You hear the music and you know what that |
| 0:24.4 | means it's Trump rally in full effect. More progress being made on the Senate side |
| 0:28.9 | for the GOP tax plan and stocks went nuts. The Dow having its best day in nearly three months. |
| 0:33.9 | All the major indices closing at fresh record highs, this despite North Korea firing |
| 0:38.2 | another ballistic missile for those keeping score at home that caused about an 80-point |
| 0:42.2 | drop in the |
| 0:42.8 | Dow for about 13 seconds. There's also a concern about a government |
| 0:46.6 | shutdown or whatever since the election the stock market has added 4.6 |
| 0:51.0 | trillion dollars in market cap. |
| 0:53.1 | So was today proof that taxes are not priced into the market |
| 0:56.2 | and if so do you drown out this noise |
| 0:59.3 | and just keep buying guy? |
| 1:00.9 | Well, I think taxes have been priced into them. I think tax reform has |
| 1:04.4 | been I think that's the slow ramp up you've seen. The Russell's outperformed the |
| 1:08.0 | broader market significantly. I would suggest that's in anticipation of this. But to answer your original question, |
| 1:14.0 | yeah, you got to stay with it. |
| 1:15.0 | We addressed this last night. |
| 1:16.0 | I still think they're going to ram something through, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

