Nike’s Historic Drop… And Payment Stocks Getting Burned 6/28/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 28 June 2024
⏱️ 44 minutes
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| 0:00.0 | John, thank you very much, live from the NASDAQ market site in the heart of New York City's Times Square. |
| 0:07.5 | This is fast money and here's what's on tap tonight. |
| 0:10.5 | Running a foul shares of Nike erasing more than four years of gains. |
| 0:16.4 | After its earnings report last night, trading at levels not seen since the depths of the |
| 0:20.1 | pandemic. |
| 0:21.3 | The move has one of our traders actually hitting the buy button. We'll find |
| 0:24.8 | out who and why. Plus the first half of 2024 is in the books, hard to believe. |
| 0:30.3 | We're at halftime folks. Will the year to date winners keep leading the market |
| 0:34.6 | through the next two quarters? We'll debate that and lay out your |
| 0:37.4 | playbook for the rest of the year and later banks lay out their post stress test capital plans. |
| 0:44.4 | On the dividend hikes to tell you about, we count down to Tesla's delivery numbers and a check |
| 0:49.3 | on our 2024 trader acronyms is Karen. |
| 0:53.3 | At the Helm, is Tim flexing his bicep. |
| 0:57.0 | We will reveal the leaderboard later in the show. |
| 1:00.4 | Good evening everyone. |
| 1:01.3 | I'm Tyler Matheson in from Melissa Lee, to you live from Studio B at the NASDAQ on the desk tonight. Tim Seymour, |
| 1:07.0 | but he's really not on the desk. He's not here, but we'll count him on the desk. |
| 1:10.0 | Karen Finerman, Courtney Garcia, Steve Grasso, welcome one and all. |
| 1:13.4 | Good to be with you. Thanks for being here. Thanks for having me. We start, however, with the |
| 1:17.4 | historic plunge in shares of Nike. That stock seeing by far the biggest drop in |
| 1:22.4 | the S&P 500 underperforming the second worst |
| 1:25.7 | stock by a factor of two. Nike's near 20% plunge marks its worst day since going |
... |
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