Markets Rally as Congress Reaches a Debt Deal, and BABA Posts 5th Best Day Ever Description:
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 7 October 2021
⏱️ 44 minutes
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| 0:00.0 | Live from the Nasdaq Market site, overlooking New York City's Times where this is fast |
| 0:05.1 | money, I'm Alyssa Lee, tonight's Trader lineup, Guy Adami, Tim Seymour, Karen Feinerman, |
| 0:09.2 | and Dan Nathan, and a denim shirt. |
| 0:11.5 | Tonight on FASER, watching shares of Tesla, the company kicking off its annual meeting |
| 0:15.2 | in less than 30 minutes from now, what you can expect when Elon Musk takes the stage |
| 0:19.1 | plus, a big day for Ali Baba, the Chinese tech giant, soaring more than 8% for its best |
| 0:24.8 | session in nearly six months, half of our traders tonight own this name, how they're playing |
| 0:29.7 | this Boba Bounce, and later a big bank gut check. |
| 0:32.8 | One of our traders getting a little nervous heading into earnings next week, year she will |
| 0:36.9 | tell us why. |
| 0:37.9 | We start off with a sea of green on Wall Street, the S&P Dow and Nasdaq all posting big gains |
| 0:42.1 | with all three indices, notching their highest closes of the month, 10 of the 11 sectors |
| 0:47.3 | were up today, led by consumer stocks, materials, healthcare, and the rally comes even as rates |
| 0:52.5 | take higher as well, the 10-year treasury yield at its highest level since mid-June. |
| 0:58.3 | So how do you make sense of this market action, Guy? |
| 1:04.6 | Will you indulge me for just a minute, Mel? |
| 1:07.4 | Alright. |
| 1:08.4 | Oh, you know, I try to have a little enthusiasm, you know, Dan's denim is fitting for today, |
| 1:14.8 | because when I was a wee lad in the 90s, my friends said we need to go to this establishment |
| 1:19.9 | on Bleaker Street, the name of it was the peculiar pub, and the only thing I found peculiar |
| 1:24.5 | about it was the way they spelled it. |
| 1:26.6 | So with 10-year yield trading at 158 today, if you had told me, gee sways, 10 years will |
... |
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