How the Mighty Have Fallen, and the Skinny on Lilly 8/7/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 7 August 2023
⏱️ 50 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Right now and fast how the mighty have fallen Apple and Microsoft are each down |
| 0:05.8 | about 10% from the recent highs losing nearly half a trillion dollars and |
| 0:09.4 | combined market cap in just a few weeks. What is behind the moves lower and |
| 0:12.8 | what does it say about the strength of the market? Plus all eyes on Eli. Lily |
| 0:17.2 | that is the Farmer giant reporting earnings tomorrow and the focus will be on |
| 0:20.1 | its latest weight loss products. What can we expect to hear and can new trial |
| 0:23.8 | results from no-one or disc change the game? And later Tesla sees Sweet |
| 0:27.6 | Cheffo a new high for URI and Tyson shareholders fly to Coop. The details |
| 0:32.7 | behind all those stuff moves are coming up. I'm Melissa Lee this is fast |
| 0:35.8 | money we're live the Nasak market site on the desk tonight Tim Seymour |
| 0:38.7 | Karen Feinerman Dan Nathan and Guy Dami all here in house. We start off at |
| 0:43.3 | the potential warning sign for the markets major indices all kicking off the |
| 0:46.4 | week with solid gains the Dow adding more than 400 points the S&B 500 rallying |
| 0:50.9 | almost a percent and the Nasak not far behind but not everyone came along for |
| 0:55.0 | the ride check out Apple pulling back more than a percent and a half |
| 0:58.3 | today. The world's biggest tech company is now more than 9% off its all-time |
| 1:02.6 | high hidden mid July. That's not all Microsoft manage a gain today but it's |
| 1:07.2 | down and even 10% from its record high last month. So is this cause for |
| 1:11.2 | concern or a sign that the rally has actually brought it out that we can move |
| 1:15.1 | beyond just these two you know generals down. Yeah so when you think about |
| 1:20.1 | the moves that the two of them have okay like technically they've broken the |
| 1:23.1 | up trends have been placed for most of this year I think that's important in |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

