Nike Jumps After Earnings, and Sam Bankman-Fried’s Latest Target 06/27/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 27 June 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares of Nike jump after the company posted better than expected revenues and announced a stock buyback. We dig into the numbers to get a read on what they say about the consumer, China, and the supply chain. Plus Robinhood shares soaring on a report crypto exchange FTX is interested in buying the company. Can a deal get done, and what would it mean for the industry? 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 in fast, easy, come, easy, go shares a Robin Hood dropping after hours after
0:06.0	FTX, a sandbanked and freed shot down reports his company was in talks to buy the struggling
0:10.5	fintech.
0:11.5	So what does this mean for Robin Hood?
0:13.1	Plus, dealing up oil stocks leading the market today as the sector looks to rebound from
0:16.9	a deep slump.
0:17.9	But can the tradesday energize?
0:19.9	We'll go off the charts and get some answers.
0:21.7	And a coast to coast correction, one top economist is sounding an alarm for the housing
0:25.6	market.
0:26.6	He says things could get rough, quote, very quickly.
0:30.7	I'm Melissa Lee.
0:31.7	This is Bass Money Lockdown.
0:32.7	I was at the market side in the heart of Times Square on the desk tonight.
0:35.0	Dan Athe and Courtney Garcia, Guy Damien, Karen Barnerman.
0:38.0	We start off with an earnings alert on Nike, the sportswear stock volatile after hours.
0:42.1	The conference called just getting underway.
0:44.0	Let's get straight to Sarah Eisen, who's got all the details.
0:46.4	Hi, Sarah.
0:47.4	Hi, Melissa.
0:48.4	Well, some relief, at least in the stock initially, Nike's numbers on the top and bottom line
0:53.0	did come in better than expected.
	...

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