Fed Sends Markets to New Records, Plus Why Two Traders Are Buying Zillow

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 3 November 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve made it official today, announcing the winddown of its bond-buying program. The news sending stocks to new highs, but have markets gotten ahead of themselves. Plus, Zillow shares plunged to their lowest level since July 2020, and a couple traders are taking the sell-off as an opportunity to buy in. We’ll find out why. 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	Life in the Nasdaq market site overlooking New York City's Times Square.
0:04.8	This is Fast Money.
0:05.8	I'm Melissa Lee.
0:06.8	Tonight's Trader Line up.
0:07.8	Guy Dami, Tim Seymour, Karen Feinerman and Steve Grasloff tonight on Fast.
0:11.2	We've got our eyes on another round of earnings movers after the bell tonight from Qualcomm
0:15.0	to Roku.
0:16.0	We're dialed into the calls.
0:17.0	We'll bring you the trades.
0:18.0	Plus, Zillow gets zapped, shares in the online real estate company seeing their worst
0:22.0	day in nearly three years.
0:24.6	Why the move got not won, but two of our traders buying in today.
0:29.6	And just saying no, that's JP Morgan-Sans in some U.S. pat stocks.
0:33.0	What's behind the move?
0:34.5	How it will affect the industry?
0:36.0	Will we start off with the taper, hurt, round the world?
0:38.8	The Fed, finally announcing the long-awaited wind-down of its bond buying program, the
0:43.3	new sending stock markets, to fresh highs.
0:46.0	Let's get straight to Steve Liesman, who's got the details.
0:49.1	And I think, well, you'll tell us, Steve, but I'm really curious to see what Fed funds
0:54.0	futures are saying at this point.
0:57.8	So I'm going to give you that in just about a half a minute here, Melissa.
	...

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