Is Jamie Dimon the Banking Crisis’s Big Winner, and the Pharma Stock Hitting One Record After Another 5/1/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 1 May 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of JPMorgan bucking the down trend in banks today after the company took control of the deposits of the failed First Republic Bank. So is CEO Jamie Dimon the biggest beneficiary of the banking crisis… again? Plus one stock fattening up its returns as investors bet on drugs to slim down. How much higher can shares go? We reveal the name and the strategy. Fast Money Disclaimer

Transcript

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0:00.0	Right now and fast, Jamie Diamond and JP Morgan scoop up first Republic,
0:06.6	acquiring nearly all of the failing banks deposits and most of its assets.
0:10.0	Does this end the banking crisis?
0:11.7	And did Jamie once again come out the big winner?
0:14.4	We'll debate that. Plus, a weighty move, a deep dive into a farmer name that
0:18.1	showered investors with profit in April,
0:20.2	can't keep delivering rapid breaking returns whilst the top analyst.
0:23.6	And later, with the host of mains reporting tomorrow, we take a look at how the options
0:27.3	markets think Starbucks, Ford, Uber and AMD are going to trade once results cost the
0:31.9	tape.
0:32.9	I'm Melissa Lee.
0:33.9	This is fast money.
0:34.9	We're live at the Nasdaq Market site on the desk tonight.
0:35.9	Tim Seymour, Karen Finerman, Courtney Garcia and Steve Grasza.
0:39.5	We start off with the very latest developments on the debt ceiling.
0:43.1	Treasury Secretary Janet Yellen just minutes ago, sending a letter to Congress saying debt
0:46.9	limit measures may run out as early as June 1st.
0:50.4	That is earlier than anybody expected.
0:52.7	Kayla Tashy's got the details.
0:54.1	Kayla.
0:56.1	Melissa Treasury Secretary Janet Yellen said the June 1st is the date at which the US
1:00.2	could default on its debt and be unable to pay its bills unless Congress raises or suspends
	...

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