Markets Close at Records, but Are Investors Ignoring the Risks to the Reopening?

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 5 August 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P and Nasdaq notched new records at the close on Thursday, but with the delta variant spread causing companies to push back their reopening plans and consumers to rein in spending, have markets priced in risks to the reopening or are they ignoring the threat. Plus another wild day for Robinhood sees shares almost entirely erase yesterday’s gains. What’s next for the stock?

Transcript

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0:00.0	Live from the Nasdaq Marketside overlooking New York City's Times Square, this is Fast
0:05.2	Money.
0:06.2	I'm Alyssa Lee.
0:07.2	Tonight's Trader Line of Sea Grasso, Bono and Ison, Jeff Mills, and Nadine Termin tonight
0:10.2	on Fast.
0:11.2	We're tracking the after-resaction and shares of Dropbox, Expedia, and Virgin Galactic,
0:15.0	all three of the stocks on the move right now and earnings are breaking down the numbers
0:18.5	straight ahead.
0:19.5	Plus, Robin Hood retreats.
0:21.4	The stock pulling back following yesterday's monster rally will dive into what is driving
0:25.3	this action.
0:26.3	And later, Nadine has taken the amount to pitch her next best idea why she thinks this
0:30.2	auto stock is ready for the fast line.
0:32.8	We will bring you the name.
0:34.0	We start off with the risks to the reopening, the Delta variant continuing to spread with
0:38.6	more than 100,000 new COVID cases reported in the last day.
0:43.2	That's causing companies to delay their return to work plans, the latest Amazon, which says
0:47.4	it will not require employees to come back to the office until next year.
0:51.8	It joins a ranks of BlackRock, Twitter, and others, which are also pushing back their
0:55.3	returns.
0:56.3	Meantime, other major events like the New York Auto Show have been canceled and perhaps
1:00.1	the risks are causing consumers to tighten their purse strings.
	...

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