New Highs for Big Tech and Grayscale Takes a Big Step Towards a Bitcoin ETF

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 13 July 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets may be pulling back from records on Tuesday, but big tech stocks like Apple, Microsoft and Google are all at all-time highs. What are you doing with those trades? Plus Grayscale announcing a partnership with BNY Mellon, its latest step in converting to a bitcoin ETF. CEO Michael Sonnenshein joins us with what’s next.

Transcript

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0:00.0	All right, live from the Nasdaq Market
0:03.0	side, overlooking New York City's Times Square.
0:05.0	This is the big show, Fast Money.
0:07.0	I am Dominic Chiu in for Melissa Lee tonight.
0:10.0	The Trader lineup, Dan Nathan.
0:12.0	Next to me here, Karen Feinerman.
0:15.0	Next to me here, but then Tim Seymour and Guy
0:18.0	Dami on Ramon as you can see there in our screen.
0:20.0	Tonight on the show, we are breaking down the banks,
0:23.0	Goldman Sachs and JP Morgan both falling today.
0:25.0	As you can see there after reporting their results,
0:27.0	there is another big slate of bank earnings,
0:29.0	coming your way tomorrow morning.
0:31.0	We've got your setup coming up on the show.
0:34.0	Plus, Boeing hitting new headwinds that start falling
0:37.0	as the company cuts production of its 787 airplane.
0:40.0	We'll tell you how our traders are playing this name.
0:43.0	It was down 4% in trading today, a big drag for the Dow.
0:46.0	And then later on, Bitcoin falling again today.
0:50.0	The crypto is now down 13% in just the past month.
0:54.0	We'll break down the move with grayscale.
0:56.0	CEO Michael Sonenshine, he joins us exclusively to talk crypto coming up.
	...

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