KICKING OFF A CRITICAL WEEK FOR BIG TECH 4/24/23

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 24 April 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

All eyes on big tech as Alphabet, Microsoft, Meta Platforms, and Amazon prepare to report earnings. The Fast Money traders lay out the traders ahead of the results. Fast Money Disclaimer

Transcript

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0:00.0	Right now on Fast Chairs, a first republic tumbling deposits of the regional bank plunging
0:05.9	by over 40% in Q1 and now they plan to lay off close to a quarter of their employees
0:10.5	in Q2.
0:11.5	We'll go inside the numbers straight ahead.
0:13.2	Plus, a Beijing ban, new reports that China may stop U.S. chipmaker Micron from selling
0:18.2	its chips on the mainland.
0:19.5	The U.S. for its part asking neighboring countries not to help China if it needs more chips.
0:24.2	Is this just the start of a bigger trade fight to come?
0:26.9	And later, why investors keep hanging up on AT&T, burgers, fries, and options ahead of
0:32.0	Mickey D's results, and new cell phone data painting a dire picture for one of California's
0:36.9	most important cities.
0:38.6	I'm Melissa Lee.
0:39.6	This is Fast Money.
0:40.6	We're live at the Nasdaq Market.
0:41.6	I had a full house here on the desk tonight.
0:43.1	Tim Seymour, Steve Grasslow, Bono and Ison in Dan Nathan.
0:46.0	We start off with the earnings alert on first republic shares dropping sharply despite a
0:50.5	top bottom line beat.
0:52.8	Another spook by the massive drop in deposits in Q1, they fell over 40 percent.
0:57.0	This even after the bank got a $30 billion lifeline from a number of the country's largest
1:01.8	banks.
1:02.8	First republic also saying it is planning to lay off up to a quarter of its workforce
	...

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