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CNBC's "Fast Money"

Jamie Dimon’s Dire Warning, and Is Eras a One-Hit Wonder? 10/13/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 13 October 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Q3 earnings season is officially underway, but will the results deliver what the market needs to hear? What JPMorgan’s CEO had to say about the state of the world and the economy and how it impacts your money. Plus Taylor Swift reportedly bringing in nearly $3 million in just one night from her Eras Tour Movie. But could another star find the same kind of magic? Fast Money Disclaimer

Transcript

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0:00.0

All right Brian thank you very much and tonight on fast breaking down the banks after a strong

0:06.2

post earnings pop the major money centers all paired early gains what the action tells

0:11.5

us and what a dire warning from Jamie Diamond might mean for the market.

0:16.3

Plus ensuring gains the chart master hunting for opportunity in a couple of areas of the

0:21.3

market we don't normally talk much about you make the case for why you should feel safe

0:26.2

in these stocks now and later look what you made her do demand for Taylor Swift's

0:31.8

era tours movie so high that she took her blockbuster to the big screen a day early

0:37.4

and she could break in hundreds of millions of dollars for the effort is there any other

0:42.7

star that could do the same is there a better business person in entertainment than Taylor

0:48.4

will break it all down good afternoon everybody I'm Tyler Matheson in for Melissa Lee and

0:53.0

this is fast money on the desk tonight we've got guy a dummy Tim Seymour Steve Grasso and

0:57.9

Carter worth gentlemen welcome great to be with all of you even if it is only remotely.

1:03.7

We start with the big money center banks of retreating from a post earnings pop earlier

1:08.8

in the day Wells Fargo JP Morgan city group in Blackrop delivering beats but their stocks

1:15.1

ended the day mixed Wells up a little bit JPM up a little bit the others down and JP Morgan

1:21.2

CEO Jamie diamond may have something to do with it diamond telling investors in a statement

1:26.2

today quote this may be the most dangerous time the world has seen in decades citing the

1:32.6

Ukraine and Israel Hamas war as major risks to global markets the major indexes sliding

1:39.2

in the final hours of trading today the Nasdaq down more than one percent the S&P falling

1:45.2

a half percent the Dow ended the day virtually unchanged small game 39 points there so what

1:51.2

is the bottom line on this first batch of bank earnings today with many more coming next

1:56.2

week how's it rippling through of the rest of the market who wants to go first I'm going

...

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