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CNBC's "Fast Money"

Nasdaq Soars to 3-Month Highs on CPI Report and Breaking Down DIS Earnings 8/10/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 10 August 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Consumer prices rose less than expected in July as energy and food prices cooled off and the news sent stocks soaring. But can the rally last, and what will it mean for the Fed? Plus shares of Disney on the move as CEO Bob Chapek announces earnings for the first time since extending his contract. But will he be able to get the Mouse House rallying again? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Right now and fast rally on the street stocks surge as inflation pressure eases just a bit.

0:06.0

Bang, travel, housing, banks, even a host of the growth e-names rocketing higher today.

0:11.0

Can the good vibes last will debate that plus Disney popping after hours of big beat

0:15.0

thanks in part to jam packed theme parks.

0:17.0

The company also announcing price hikes for Disney plus in a mega streaming milestone.

0:21.0

We'll go inside the numbers and later one of our traders is channeling his inner Kathy Wood.

0:26.0

Options action in the energy patch and Elon Musk's $7 billion stock sale.

0:31.0

I'm Melissa Lee. This is fast money life in the Nasak market.

0:33.0

I had on the desk tonight. Guaidami, Bono and Ice and Courtney Garcia and Dan Nathan.

0:37.0

We're going to get to those results out of Disney in just a moment,

0:40.0

but we start with a rip-roaring rally on Wall Street today, the Nasak Storing.

0:44.0

Nearly 3% posting its highest close since May 4th.

0:47.0

The S&P and Dow sharply hire as well.

0:49.0

The moves coming after a better than expected CPI report showing inflation moderating in July

0:54.0

as food and energy prices pulled back.

0:56.0

But should one encouraging print be enough to offset, be enough to get our hopes up, I should say.

1:02.0

Dan Nathan, what do you say?

1:03.0

I don't think so. I think if we, like, how did the week start?

1:06.0

We had this revenue warning by Nvidia.

1:08.0

We had, you know, microns warning the next day.

1:11.0

You know, I just don't see like the fact that we had this print that was a little cooler than expected.

1:15.0

I think that was kind of the consensus here.

...

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