Markets Rally Ahead of Midterms, and When Do You Cut the Cord on Meta? 11/7/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 7 November 2022
⏱️ 44 minutes
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| 0:00.0 | Right now in fast stocks, jumping as investors count down to tomorrow's midterm elections |
| 0:05.2 | with several key business issues on the ballot, rolling out your midterm survival guide. |
| 0:09.8 | Plus, Meta Mayhem shares jumping as the company gets ready for massive layoffs, but with |
| 0:14.6 | the stocks still down more than 70% in the last year is now the time to cut your losses |
| 0:18.7 | and run. |
| 0:19.7 | And later, Tesla in trouble will Elon Musk's focus on Twitter make the road rocky for |
| 0:24.0 | his other companies. |
| 0:25.2 | The term master is here to lay out his case. |
| 0:27.2 | I'm Melissa Lee. |
| 0:28.2 | This is fast money. |
| 0:29.2 | We're live with the Nasak market side in the heart of time square on the death of tonight. |
| 0:32.1 | Bono and Ison, Karen Prynerman, Dan Nathan and Guy Downey will join us in just moments. |
| 0:36.6 | And we start off tonight with a big rally on Wall Street to kick off the week. |
| 0:39.9 | The Dow climbing more than 1.3% is now up nearly 15% from October lows. |
| 0:44.5 | S&P and Nasak also rising nearly a percent today as investors await a big week for stocks. |
| 0:49.4 | Tomorrow's midterm elections, there's a CPI report and yes, more earnings. |
| 0:53.5 | So how do you make sense of these market moves today? |
| 0:56.2 | In particular, Dan, it was technology that really lifted. |
| 0:59.4 | It was. |
| 1:00.4 | Technology, it wasn't a layup from the get-go here. |
| 1:02.8 | We opened the morning with the news about Apple and again, that was kind of a head scratcher. |
| 1:06.3 | If you think about it, we had their earnings just about two weeks ago. |
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