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CNBC's "Fast Money"

Fast Money 12/16/19

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 16 December 2019

⏱️ 44 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

Yes, it does, contestant. We'll thank you live from the NASDAQ market site.

0:06.0

This is Fast Money. I am Brian Sullivan and for Melissa.

0:09.0

Welcome, everybody. Your traders on the desk tonight are Tim Seymour, Karen Finerman and Gaiadami.

0:14.4

We're also joined by Jeff Mills. He is Chief Investment Officer at Brinmar Trust.

0:19.2

All right, we begin tonight with that major breaking news on Boeing.

0:23.0

Sources telling NBC this moments ago,

0:25.5

the company will halt production

0:27.4

on the grounded 737 Max Airplane

0:30.0

beginning next month.

0:31.4

Boeing stock, moving lower all session, and moving lower in the

0:34.3

after hours.

0:35.7

Let's get more now on this major development as it's happening, Phil Abo, live in Chicago,

0:40.5

with more.

0:41.5

Phil. Brian, this is a decision to halt production that was reached by the Board of Directors from

0:45.8

Boeing who met yesterday and today here in Chicago, and we've been hearing from people familiar

0:51.6

with the discussions that the board was leaning towards

0:54.4

halting production as opposed to slowing it down.

0:57.4

It's currently at 42 per month.

0:59.4

That's how many 737 maxes they build.

1:01.9

It's been at that rate since back in April. Remember it was

1:05.4

grounded in March and what the company has decided is look at some point when you

1:10.9

have more than 400 built but not yet delivered 737 maxes it makes

...

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