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CNBC's "Fast Money"

: Markets Focus on Jobs, Inflation, and Earnings Season Rolls On 8/5/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 5 August 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Markets closing well off their lows of the day after the U.S. economy added many more jobs in July than expected. But as we close in on the next inflation report, how will markets trade next week? Plus, earnings season may be slowing down, but it’s not over yet. The traders break down the names they’re watching most closely. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

And right now on fast money, the S&P narrowly eking out its third street week of games.

0:07.0

Only the second time it's done that this year and the first time since March.

0:11.2

But the chartmaster says the good time to may not last much longer.

0:15.0

We dig into the details to find out what we should expect now.

0:18.0

Plus, caching in shares of draft kings soaring after its earnings report should you bet on

0:23.4

the stock here.

0:24.4

Or take your money and run.

0:26.2

The earnings season may be winding down, but it's not over yet, Disney, Coinbase, Rivian

0:31.0

and more still on the calendar to come, find out what names the traders are watching and

0:35.7

what the reports could mean for these stocks.

0:37.9

I'm Courtney Reagan in this evening for Melissa Lee.

0:40.1

This is Fast Money Live from the Nasdaq Market site in the heart of Times Square.

0:44.1

On the desk tonight, Guy Adammy, Tim Seymour, Steve Grasso, and Mike Co.

0:49.7

Let's start off with the gangbuster employment report, the labor market adding 528,000 jobs

0:56.6

in July.

0:57.6

That's more than doubling estimates.

0:59.4

The unemployment rate fell to 3.5% to level not seen since before the pandemic.

1:04.6

But he is the good news, good news, markets closed well off their lows in the day, but

1:09.2

we're largely flat as investors try to make sense of what the report means for the Fed.

1:14.0

Also on the radar, next week's big CPI report that comes out on Wednesday.

1:17.9

So as we put earnings season behind us, Ish, how do we expect markets to trade around

1:23.2

these numbers?

...

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