4.3 • 1.2K Ratings
🗓️ 5 May 2025
⏱️ 44 minutes
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0:00.0 | Life in the NASAC markets are in the heart of New York City's Times Square. |
0:05.0 | This is Fast Money. |
0:06.0 | Here's what's on top tonight. |
0:07.0 | Oil in retreat, crude settling at fresh four-year lows as OPEC gets ready to up production, |
0:12.0 | what it will mean for prices and for profits in the energy complex, and Netflix gets chilled. |
0:17.0 | The streamer's record wind streak comes to an abrupt halt as President Trump eyes a new |
0:21.4 | target in the tariff wars, what it could mean for the industry and how the long-time leader could |
0:25.7 | be impacted. Plus Ford becomes the latest company to pull 2025 guidance. Skechers thinks the deal to go |
0:31.7 | private. Chris Verone is hacking into the cybersecurity stock charts. Can the groups run keep going? |
0:37.2 | We'll get his take coming |
0:38.1 | up. I'm Melissa Lee. Come to you live from Studio B at the NASDAQ on the desk tonight. Tim Seymour, |
0:42.3 | Guy Damien, Chris Verone, partner and chief market strategist at Stratigas, a bared company. |
0:47.5 | And we start off with another leg lower for oil prices, WTI crude, sinking another 2% today, |
0:52.3 | posting its lowest settle since February 2021. |
0:55.6 | This latest move coming is after OPEC Plus agreed to a production increase over the weekend. |
0:59.9 | Prices traded as low as $55 a barrel today. |
1:03.3 | The oil slum taking a bite out of energy stocks, APA, Occidental, and Akonico Phillips, leading the group lower. |
1:09.2 | It was the worst performing sector in the S&P this session |
1:12.3 | and has been the biggest drag on the market this quarter. |
1:15.5 | One of institutional investors, top oil analysts, warning there's no relief in sight. |
1:19.7 | Paul Sankey is president and lead analyst at Sankey Research. |
1:22.4 | He joins us here on set. |
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