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CNBC's "Fast Money"

Markets Eke Out Records - What’s it Mean for the Fed?

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 6 August 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

The S&P and Dow closed off their highs of the day, but still finished at new records after a better-than-expected jobs report. So does this give the Fed the “all clear” to start raising rates and tapering asset purchases? The desk breaks down the best way to play the markets. Plus, the Chart Master dives into why there may be more pain in store for the energy trade.

Transcript

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0:00.0

That's right, we do start right now, and tonight on Fast Money, losing its Luster-Wall

0:08.0

Gold down Bitcoin, catching a bid.

0:11.6

What's changed in just a month will find out.

0:14.8

It's not just gold, oil, also stuck in the mud, big oil stocks, a big time losing streak

0:21.0

and uh oh, the chart master sees more pain ahead and later.

0:25.9

A special bonus hour of TV, but we are going to hit the five biggest stories that impacted

0:31.3

you and your money this week, including a big debate on the outlook for electric cars.

0:36.7

Whether shipping problems may put Christmas at risk, that is coming your way at 6 p.m.

0:42.6

Eastern time because Jim is off so stick around in the meantime though, why don't we do this

0:48.0

Fast Money thing? Oh by the way, I'm Brian, not Melissa, she got a well-deserved night off.

0:54.0

Tonight your trader lineup, Steve Grasso, Karen Feynman, Carter Worth, and Bonnellan

0:59.5

Iacin. Welcome everybody. All right, let us jump right into it on this Friday.

1:04.1

The market, squeaking out some gains today, they finished out the week at new record highs

1:10.0

as a pretty solid jobs number boosted investors outlook.

1:13.5

Yes and P and Dow, both notching all time high closes.

1:17.9

As interest rates actually did something they haven't done much recently.

1:22.1

They ticked higher, back above or back at 1.3% woohoo.

1:28.5

So did the jobs number give the Fed an all clear signal ahead, Steve?

1:34.8

When do you think that scary taper might actually begin?

1:40.6

Well there's a couple of things. So you set it up perfectly.

1:43.7

We had the last couple days we've had political pressure on Powell to raise rates.

1:49.8

Today we had better economic data and hopefully Brian, I know that this is not what we've

...

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