Is the Party Over for the Big Tech Trade? And What Rising Delinquencies Mean for “Buy Now, Pay Later”

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 14 December 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets pulling back ahead of the Fed’s decision tomorrow, with Microsoft dropping more than 3% and Amazon in a correction. Does today’s action mean it’s time to put a fork in big tech’s outperformance? Plus one analyst sounding the alarm on fintech firms, saying that, with rising delinquencies, the “pay later” part of the equation is becoming more like “pay maybe”. 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	Blight from the Nasdaq
0:03.0	Microsoft overlooking New York
0:04.0	City's Times Square.
0:05.0	This is Fast Money.
0:06.0	I'm Melissa Lee,
0:07.0	tonight's Trader lineup.
0:08.0	Guy Dami, Tim Seymour,
0:09.0	Karen Pinerman and Jeff Mills.
0:10.0	Tonight on Fast,
0:11.0	the Apes Go Bananas.
0:12.0	AMC making a major about
0:14.0	the following days of losses.
0:16.0	The trading volume off the charts
0:18.0	were diving into this blockbuster turnaround
0:20.0	with one of the biggest voices in the trade.
0:22.0	Plus Wall Street's top both
0:23.0	is that with a big warning for the new year.
0:25.0	Why Chris Harvey at Wells Fargo Security
0:27.0	sees losses mounting in 2022.
0:30.0	And later investors
0:31.0	hitching a ride with Uber today
0:32.0	to stock jumping 4%
	...

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