4.3 • 1.2K Ratings
🗓️ 20 August 2021
⏱️ 22 minutes
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| 0:00.0 | Live from the Nasdaq Market site, overlooking New York City's Times Square, this is fast |
| 0:05.2 | money I'm Leslie Picker in from Melissa Lee tonight, Strader Lyonuts, Tim Seymour, Brian |
| 0:09.4 | Kelly, Nadine Termin, and Pete Nigerian co-founder of MarketRebellion.com. Tonight on fast, we're |
| 0:15.2 | counting down to another big week of earnings with names like Sales Force and Peloton and |
| 0:20.0 | more getting ready to report. How should you be looking at these stocks ahead of those |
| 0:25.1 | key results? Plus, going global, what the surging dollar means for overseas markets and where |
| 0:30.5 | you should be putting your money. And be sure to stick around for a special bonus hour |
| 0:34.3 | of fast focusing on the next generation of innovation, disruption, and technology that will |
| 0:39.7 | impact your life. The next is live tonight at 6 p.m. Eastern Time. But we start with |
| 0:45.4 | late breaking news out of General Motors. The stock under pressure in the after-hour session |
| 0:49.6 | in the company expanding its massive recall on the Chevy Bolt GM. Now we're calling all |
| 0:55.4 | Chevrolet Bolt electric vehicles due to fire risk the cost of GM. $1 billion shares are |
| 1:02.9 | lower by more than 3% in thin after hours Friday trading. Let's trade this late breaking |
| 1:08.4 | news. Tim, your take. Well, I'm shareholder. I'm not happy. I wasn't happy with the 24% |
| 1:15.2 | move down in GM going into this in 50-some odd sessions. A lot of this on the back of the |
| 1:20.7 | shortages on semis. The supply disruption dynamics that forwards, announced, GMs announced |
| 1:25.2 | other autos have announced. Look, this recall, it's not from a GM secular move towards EV and |
| 1:32.9 | autonomous and, you know, ultimate battery dynamics and all that technology. The Bolt |
| 1:38.3 | is not really a flagship part of that. The cost related to this is significant. But for |
| 1:42.8 | a company that's rooted out costs and become a lot more efficient, especially in loss-leading |
| 1:47.0 | businesses in Europe and even in the US and had enormous free cash flow generation, it's |
| 1:52.2 | interesting to me and I'm frustrated by the fact that the market punishes GM on news |
... |
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