meta_pixel
Tapesearch Logo
Log in
CNBC's "Fast Money"

Nasdaq Falls Into Correction Territory, and Breaking Down Microsoft’s Activision Deal

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 18 January 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Nasdaq closed the day at three-month lows and one top investor says there’s a lot more pain ahead. Just how much more markets can fall. Plus Microsoft swooping in to buy troubled Activision Blizzard. Jefferies’ Andrew Uerkwitz joins with his thoughts on the latest deal in the metaverse. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0

Tonight on Fast, a red alert, your first guest saying there is much more pain ahead for the

0:04.9

major averages and maybe your money. Just how much further he says some stocks can fall

0:10.0

and what moves he is making right now. The apes getting silent. Here's an AMC completing

0:17.0

their round trip back to Earth. So is this the end of the reddit revolution? Plus oil and gas,

0:24.4

burning hot again. Energy? Once again, I'll perform in the overall market. But after this big

0:29.6

run really, just how much gas is left in the tank. Welcome everybody. This is Fast Money. I am

0:36.4

clearly not Melissa. Brian should be back soon. Tonight's trader lineup perfect for a big market

0:41.6

day like today. And that is Guyadami. Tim Seymour, Jeff Bills, and Dan Nathan. All right.

0:47.6

We have got a lot of really interesting stories and pieces of news to get to. Let us begin with

0:53.9

the macro markets and your money. Another tough day for big tech. The Nasdaq getting whack down

1:00.0

more than two and a half percent. Now at its lowest level since October. The index now down

1:05.8

more than 10 percent since its November record. The S&B in the Dow also dropping sharply to begin

1:12.0

their trading week. Randomly interesting. 109 S&P 500 stocks are now down 20 percent or more

1:19.5

from their recent highs. Meaning roughly 20 percent of that index is technically speaking in a

1:26.5

bear market. There are two big reasons for the sell-off and the shift. Number one, earnings and

1:31.2

guidance overall have been great. Also, of course, inflation. The spike in 10-year yield, borrowing costs,

1:38.3

they're going up, up, up. Big tech usually gets hit hard as rates rise because valuations are

1:44.7

higher. Look at the moves lower. Names like Meta, Alphabet, and Microsoft. So let's start there,

1:51.0

Guaidami. More losses for big tech. The names that I don't need to remind you are the viewers.

1:56.7

Control all the major indexes and most of the major ETFs. Anything you look at that says we can find

2:04.4

some support and right quick. Well, I love that random but interesting. I mean, somebody should

2:11.2

do a segment on that on a show would be brilliant. Listen, can you find support? Absolutely. I mean,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.