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CNBC's "Fast Money"

Micron Reports, Fed Holds Rates… And The Private Credit Ripple Effects 3/18/26

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 18 March 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Micron shares on the move after earnings, and we break down what the results and guidance mean for the AI memory trade with S&P Global’s Melissa Otto. Plus, market reaction to the latest Fed rate decision, private-credit stress spills into consumer loans, and a spotlight on Josh D’Amaro’s first day as Disney CEO. Fast Money Disclaimer

Transcript

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0:00.0

Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

0:05.5

Here's what's on top tonight. Micron on the move. Shares are down about 1%, 2% right now as the company reported of revenues that nearly tripled in high its dividend by 30%.

0:15.1

What are investors reading to the numbers? We'll find out. And the Fed in focus, the central bank holding rates steady, but will hot

0:21.0

inflation numbers change its course for the rest of the year? What Jerome Powell had to say,

0:25.7

as the end of his tenure at the top draws near. Plus, Brent Crude settles at nearly four-year highs.

0:31.9

Disney's new CEO headlines a company's shareholder meeting and Macy's big day what the department

0:36.6

store had to say that had investors buying in today and whether the rally can hold. I'm Melissa Lee. Come to you live from Studio B at the NASDAQ on the desk tonight. Tim Seymour, Dan Nathan, Guy Dami, and Michael Kentopoulos, Deputy Chief Investment Officer at Richard Bernstein Advisors. Welcome, Michael. And we'll get to the action in Micron shortly, but we do want to start

0:54.5

off with today's Fed decision. Policymakers holding rate steady, as expected, maintaining the

0:59.2

outlook for one cut this year, despite the recent surge in oil prices. Stocks closing at session

1:04.1

lows. The SNP and NASDAQ each off by more than a percent, while the Dow led the losses,

1:08.9

shedding over 750 points for its worst day

1:11.7

in almost a month. The index closing below its 200-day moving average for the first time since

1:16.1

July. Treasury is, meanwhile, weakened across the curve, the benchmark 10-year yield, adding

1:20.7

six bases points. The two-year hit its highest since August. For more on all this, let's turn

1:25.5

to Steve Leesman in Washington. Steve, a little more

1:29.1

hawkish today, huh? An eventful press conference and statement. Fed officials leaving interest rates

1:33.6

unchanged at their March meeting the range of three and a half to three 75, saying in their

1:37.5

statement that developments in the Middle East had increased uncertainty for the outlook for the U.S.

1:41.4

economy. But Fed Chair Powell in his press conference

1:44.2

sounded a somewhat hawkish tone by suggesting the Fed might be reluctant to cut in the future

1:48.6

because of inflation now running above target and continued price increase from tariffs.

1:54.4

It's one of those things where it's a repeated set of things. And you worry that that's the

...

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