Has the Fed Engineered a “Soft Landing”? And Carvana’s Movin’ on Up to the Tune of 750% This Year 7/12/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 12 July 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P and Nasdaq closed at their highest level in over a year and strength was felt everywhere from big tech to banks to energy. So has the Fed’s policy, amid slowing inflation, actually worked? Plus shares of Carvana have soared this year, but they’re still nearly 90% off their record. What’s next for the stock, and what are the debt markets telling us? Fast Money Disclaimer

Transcript

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0:00.0	Right now and fast, threading the needle as the markets latest move higher and the stocks
0:05.3	leading the charge of sign investors believe the Fed has phoned the runway for the soft
0:10.1	landing.
0:11.1	We'll debate that.
0:12.1	Plus, Communists in the boardroom, the FBI director warning that American companies
0:15.6	in China are now being forced to let teams of Chinese Communist Party operatives set up
0:21.1	shop in their businesses to maintain party disciplines.
0:24.6	How big a deal is this?
0:25.6	Let's go log to Washington straight ahead and later, a stock that's moving on up.
0:29.8	Well, we will break down a left-for-dead company that's out of the doghouse heading back
0:33.6	towards the penthouse.
0:34.6	It's up nearly 750 percent since the start of the year.
0:38.3	The big reveal and the option's action behind that coming up.
0:40.7	I'm Melissa Lee.
0:41.7	This is fast money.
0:42.7	We're live from the Nasdaq Market site on the desk tonight, Karen Fireman, Bono and
0:45.6	Ice and Steve Grasso, and Tim Seymour, who will join us shortly.
0:49.7	We start off with some breaking news out of Disney shares right now, up by 9.10% or percent
0:54.0	in the after hours.
0:55.0	Let's get straight to David's favorite in Sun Valley, Idaho, for all the details.
0:58.5	David.
0:59.5	Yeah.
	...

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