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CNBC's "Fast Money"

Fast Money 12/20/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 21 December 2022

⏱️ 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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Right now in fast new fears that a COVID surge in China will lead to a flood of variants spreading

0:06.3

beyond Beijing's borders, the global impact of a winter wave with former FDA Commissioner

0:10.9

Dr. Scott Gottlieb. Plus, the shocking decision by the bank of Japan, the BOJ shifting their

0:15.4

target range for bonds, wonky headlines for sure, but a move sending massive ripples through

0:19.6

the currency and rates markets a little yen 101 coming up. And later, Tesla's high-speed crash,

0:25.1

the stock tumbling yet again, now down over 14% in just a week, close to 30% this month,

0:30.8

in over 60% this year. Is this a must-management problem or a fundamental flaw?

0:36.3

I'm Melissa Lee, this is Fast Money, we're live at the Nasdaq Market site on the

0:39.2

desk tonight, Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami.

0:42.9

Stocks breaking a four-day losing streak today, the major average is finishing

0:46.3

modestly higher with nine of 11 sectors in the green. Energy, the big winter,

0:50.6

will dive deeper into the market action and that's shocking move by the bank of Japan coming up.

0:54.5

But we begin with a new COVID fear on the radar of the U.S. State Department,

0:58.4

a growing wave of cases in China, as the country struggles to deal with an overwhelmed hospital

1:03.3

system and a large, under-vaccinated population. This, as a U.S. comes into the holiday season,

1:09.0

travel, of course, soaring around the globe and in and out of China.

1:12.8

Former FDA Commissioner, Dr. Scott Gottlieb, warning this could be a long winter for China,

1:17.2

and an even worse spring here in the United States. Let's bring in Dr. Gottlieb now,

1:21.2

he's a CNBC contributor and a partner in new enterprise associates. Dr. Gottlieb, great to have

1:26.1

you with us. How bad will it be in China? Can China do anything right now to help the situation

1:33.9

has on hand? Well, look, I think the infection is out of control right now in China. They are

1:40.0

doing things. They are implementing some mitigation. So, for example, Shanghai closed schools this week,

...

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