Game’s The Same, Just Got More Fierce

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 30 May 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy, Dan and Liz discuss the market's reaction to the debt ceiling deal and Nvidia hitting $1 trillion in market cap (3:30). China’s sluggish re-opening and tensions with the West weighing on growth (21:00). Lululemon selling off, sign of a weakening consumer (27:00)? The TLT is looking really attractive at these levels (30:00). Articles Discussed In This Episode: Nvidia CEO Says Those Without AI Expertise Will Be Left Behind Tesla could face a $3.3 billion fine over a massive data leak Musk Echoes Apple, Mercedes CEOs on Importance of China Ties CME FedWatch Tool About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. Check out our show notes here See what adding futures can do for you at cmegroup.com/onthetape. Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	All right, welcome to the Monday edition of On the Tape on Tuesday, May 3rd.
0:07.2	Madness. Madness.
0:08.7	It is madness, Guy.
0:10.1	You weren't even prepared for this stuff.
0:11.9	That's Guy Adami.
0:12.8	We're here with EY from SoFi.
0:15.7	That would be Liz Young.
0:17.2	She is the head strategist over at SoFi.
0:20.4	Welcome people. I hope you guys had a great memorial
0:22.5	day weekend good morning i don't see elizabeth unfortunately no you know but guy we did that thing
0:29.2	where i go to a yankee game i'm out there getting one of those 24 ounce bud lights for
0:36.3	16 and all of a sudden i feel someone kind of do something to my ear kind of like getting one of those 24 ounce bud lights for $16.
0:37.8	And all of a sudden, I feel someone kind of do something to my ear, kind of like squeak my ear.
0:42.3	It is Linda Snow.
0:43.3	That is the better half of the guy, Adami management team over there.
0:48.3	You don't even, you don't call, you don't write, you head to the Bronx, at least this year. And it was almost a year ago
0:56.1	that was to the day where this happened to us last time, but you weren't all like you didn't have
1:01.9	your sport jacket on. No, it's a weekend. So a weekend game is a little bit different. It was a Sunday
1:06.6	game in the Bronx. So on a Sunday, you can dress down a little bit, but a weekday game, which I believe
1:13.3	the last time we saw each other, if I'm not mistaken.
1:16.0	But who knows?
1:16.8	The point is, yes, we were both at the Yankee game.
	...

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