Fast Money 7/5/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 5 July 2022
⏱️ 53 minutes
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| 0:00.0 | Right now on fast crude, crushed oil, tumbling nearly 8 percent and closing below 100 bucks |
| 0:06.5 | of barrel for the first time since early May. |
| 0:08.5 | We'll hear from a top energy analyst who says the price of Brent could fall to 65 bucks |
| 0:13.5 | this year. |
| 0:14.5 | Plus, the Euro plunging to a 20-year low against the US dollar. |
| 0:18.0 | One Wall Street firm says we could have parity this summer. |
| 0:21.2 | The impact on stocks here and around the world straight ahead and later bucking the trend |
| 0:25.7 | of the Nasak Zooming higher today with names like Zoom, DocuSign, Etsy and Meta Surging, |
| 0:30.9 | are the growth names about to make a meaningful comeback ahead of Ernie's season. |
| 0:34.4 | I'm Melissa Lee. |
| 0:35.4 | This is Fast 1-E Life of the Nasak Market site on the desk tonight. |
| 0:38.1 | Dan Nathan, Tim Seymour, Jeff Mills, and Victoria Hernandez across Mark Global. |
| 0:42.6 | And we start off with that dollar move 20 years in the making, the Euro falling to a nearly |
| 0:47.0 | two-decade low against the Greenback approaching parity for the first time since 2002. |
| 0:52.2 | The move coming as a 10-year yield continues to drop. |
| 0:55.2 | The spread against the two-year flashing recession warning is it falls below zero for |
| 0:58.8 | the first time in three months. |
| 1:00.6 | Meanwhile, oil prices plunging once again, closing below $100 a barrel for the first time |
| 1:05.1 | since mid-May. |
| 1:06.1 | It's 8% drop today, the biggest since March. |
| 1:08.7 | And check out how all of this played out in the stock market. |
| 1:11.5 | The S&P 500 down more than 2% at lows, managed to eke out a gain at the close. |
... |
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