Fast Money 12/19/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 19 December 2018

⏱️ 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	Fast money starts right now.
0:02.0	Live in the NASDAQ market site overlooking New York City's Times Square.
0:06.0	I'm Melissa Lee.
0:07.0	Our traders on the desk are Pete Nigeri and Brian Kelly, Steve Grosso and Guyadami.
0:10.0	Tonight on Fast, we start off with today's big market sell-off and the words that made the
0:15.6	doves cry.
0:17.2	Despite what many considered a dovish hike, as Federal Reserve Chair Jerome Powell started speaking,
0:21.8	stocks started sinking.
0:23.6	The market getting absolutely crushed,
0:25.4	wiping out a big rally earlier the day with the Dow ending down.
0:28.8	About 350 points closing at the dead lows of the year.
0:32.4	Let's get straight to our own Steve Leisman in Washington, D.C.
0:35.0	who was at the big Fed user today.
0:37.0	Hey Steve.
0:38.0	Hey, Melissa, I think the issue is the market wanted total capit, from the Federal Reserve,
0:44.0	but it got kind of partial capitulation at best.
0:47.0	And by that I mean, the Fed market may want
0:49.0	no hikes next year.
0:50.0	Instead, it's got two still forecast in by the consensus of the committee
0:54.4	the Fed said that further gradual rate hikes are needed the market some
0:58.4	further gradual rate hikes are needed the market wanted that phrase entirely
1:01.6	removed but here's Powell now on the change in the rate outlook.
	...

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