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On The Tape

MRKT Call: Semis Are The New Oil

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 16 May 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Tuesday, May 16 0:00 - The AI Bubble 6:30 - Financials, State of Consumer  12:00 - S&P Trade 16:30 - Semis 20:00 - Oil 25:00 - Bonds, fields a U.S. Dollar MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube

Transcript

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0:00.0

Today is Tuesday, the 16th, 1-6th of May. I'm Guy Domi, Dan Nathan,

0:17.7

back in the seat for market call.

0:25.6

As I mentioned, 1 p.m. on the East Coast, the only time zone effectively the matter.

0:31.4

So I think everybody gauges off East Coast time, but that's sort of the snob in me.

0:37.3

Also the snob in me will tell you that last night, the Yankees made short work of the Toronto Blue Jays. Now, I mentioned that, Dan, because there's a lot of consternation

0:41.3

coming out of Toronto about Aaron Judge's eyes sort of peering into the Yankee dugout,

0:47.8

or perhaps towards the first base coach.

0:50.5

Prior to him hitting one of the longest home runs, I think I've ever seen in my life.

0:56.0

They measured it at 462.

0:58.7

That ball will land around the same time Danny's horses will finish Kentucky Derby.

1:04.0

Today's market call brought to you by CME Group, where risk meets opportunity.

1:09.3

Of course, our data provider is in fact, fact set financial data and

1:12.9

analytics, Dan, that are powered by tomorrow. How are you? I'm doing well. You know, Danny's horses may

1:20.6

still come in here, guy. We got, you know, a couple more. That's really funny. Let's talk about

1:26.6

this thing here, man. You know what? It's interesting. I was on a podcast this thing here man i you know what it's interesting i was on

1:29.0

a podcast earlier today we were just talking about a friend of mine who you know she's she's a

1:33.6

she covers politics and you know she's asking me about the economy she's asked me about the

1:38.2

debt ceiling she's asking me about you know and i said through the lens that that guy and i

1:42.1

talk about it on our pods, we talk about it on

1:44.8

CNBC, you'd think nothing's going on.

1:47.1

You'd think that the data is not weakening.

1:49.2

You would think that there is no real risk to this political showdown between these and

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