meta_pixel
Tapesearch Logo
Log in
CNBC's "Fast Money"

Plunging Rates Help Banks, Builders Boom, and What Might Be the Best Earnings Report Ever 11/3/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 3 November 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

The 10-year Treasury yield dropped below 4.5% for the first time since September, helping fuel another rally for the stock market. Major indexes closing out their best week of the year, and it was the more interest rate-sensitive names that saw the biggest boost. Should you buy into the bounce? Plus DraftKings stock rose to their highest level in nearly two years. And one trader says there was a lot to like in its latest earnings report. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Live in the NASAC market site in the heart of New York City's Times Square, this is Fast

0:05.2

Money.

0:06.2

Here's what's on tap tonight.

0:07.2

The Great Rate Retreat yields on 10-year Treasury is down a whopping 50 basis points

0:11.6

from the highs hit at just the start of last week and

0:14.4

you won't believe the impact that's having on a couple of key sectors.

0:17.4

Should you buy into those rallies?

0:18.7

Plus shining bright.

0:20.0

Gold miner stocks in rally mode today as the precious metal climbing back towards $2,000,

0:24.8

so as underperforming the broader markets all year, are these shares finally ready to play

0:29.6

catch-up?

0:30.6

And later, this stock soaring to nearly two-year highs on the back of earnings

0:34.0

and one of our trader says it's one of the best reports they've ever seen.

0:37.4

We'll tell you what it is and find out if you should roll the dice on this train.

0:41.6

I know where this is going. I'm Melissa Lee coming to you live from

0:44.2

studio beats the NASC on the death tonight Tims.

0:46.7

Timmore See Morsee Grasso, Guy Dami and Julie Beal. We start off at the big Friday

0:50.8

rally on the street as a Goldilocks jobs report

0:53.4

since Sox rocketing higher. The Dow popping 222 points. S&B 500 adding

0:58.6

nearly 1% and the NASAC leading the group up nearly 1.4% all three major averages posting their best week of the year.

1:05.6

Smaller than expected gain in payrolls increased hopes that the Fed is done raising rates.

1:09.9

And that cent yields tumbling the 10 year briefly falling below 4.5% for the first time

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.