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CNBC's "Fast Money"

Powell’s Inflation Alarm and Inside the Disney Discord. 03/21/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 21 March 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Markets going on a roller coaster after Fed Chair Jerome Powell sounded an even more hawkish tone on inflation than he did even last week. So how should investors brace for a faster, more pronounced pace of rate hikes? Plus a CNBC exclusive dives into the infighting between Disney’s current and former CEO. What it all means for the future of the Mouse House. 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

The life in the Nasdaq Market site overlooking New York City's Times Square, this is Fast

0:05.1

Money.

0:06.1

I'm Melissa Lee.

0:07.1

Tonight's Trader lineup, Tim Seymour, Guy Dami, Dan Nathan, and Brian Kelly, head on

0:10.6

fast.

0:11.6

Nike just does it, shares jumping after the company's latest earnings report were dialed

0:15.0

into the call.

0:16.0

We'll bring you all the details.

0:17.0

Plus, the C-suite at Disney, not exactly the happiest place on earth.

0:20.8

There's a rift in the relationship between former CEO Bob Eiger and the man who replaced

0:25.2

in Bob Chapeck.

0:26.6

And beyond the frosty relationship, the mues by the new boss have been getting a cold

0:30.1

shoulder on Wall Street, inside Disney's rocky ride straight ahead.

0:34.4

And later, another head bane day for the medals and the minors, the XME, the ETF, the

0:38.8

Tracks, the sector, up for the fifth straight day, hitting its highest level in over a decade.

0:43.9

Tim and BK ready to rock out on that heavy metal trade.

0:47.1

But we start off with Jerome Powell, sounding the alarm on inflation.

0:50.7

The Fed chair admitting the central bank has widely underestimated the rise in prices

0:55.6

and suggests even more aggressive rate hikes than he just laid out last week.

0:59.9

His comments said markets on a rollercoaster ride this afternoon, the S&P sank nearly

1:03.4

a percent immediately after Powell spoke.

1:06.0

And despite a late day, come back into the day with its first loss in five sessions.

...

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