Market’s Big Post-Jobs Rally, and the Latest Industry Disrupted By Amazon 6/2/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 2 June 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

The combination of a strong jobs report and the signing of the debt deal helped stocks rise to their highest level in months, with the Nasdaq at its best in over a year. But the rising tide didn’t lift all boats equally. What do you make of the divergence? Plus shares of Verizon, AT&T and T-Mobile all sinking, even as Amazon denied a report that it was looking to develop a mobile phone service. What it means for the telecom trade. Fast Money Disclaimer

Transcript

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0:00.0	right now and fast. A Friday
0:02.0	frenzy. Thanks to Goldilocks
0:04.0	jobs report in a debt deal
0:05.0	signed, sealed and delivered,
0:07.0	socks closing out the week in
0:08.0	a downright getting mood.
0:09.0	We'll go inside this valley
0:10.0	and ask how long can this move
0:12.0	higher last plus hanging up
0:14.0	on telecom socks report that
0:16.0	Amazon could be jumping into
0:17.0	the wireless phone business
0:18.0	scaring that you know what
0:19.0	out of all the carriers could
0:21.0	this be yet another business
0:22.0	Amazon completely disrupts
0:23.0	will debate that and later
0:25.0	our chart of the week that's
0:27.0	week with an A $1
0:29.0	dollar in the nightmare.
0:30.0	The sock that cratered this
0:31.0	week in the fears it is
	...

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