Rate Rise Impact On Markets… And The Retail Resurgence 5/29/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 29 May 2024
⏱️ 44 minutes
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| 0:00.0 | Life in the Nesac Market Site in the heart of New York City's Times Square, this is fast money. |
| 0:06.5 | Here's what's on tap tonight. |
| 0:08.0 | Hiding in plain sight, while investors have been popping bottles and toast in the |
| 0:11.6 | NVIDIA surge, rates have started climbing again. |
| 0:14.1 | Denting returns for our host of sectors. We'll rate down where this market goes in a |
| 0:17.6 | high interest rate world. Plus riding high shares of Netflix just keep on |
| 0:21.7 | streaming up more than 20% for the month |
| 0:24.7 | while the competition is crumbling. Can you still binge on the home of |
| 0:27.7 | Bridgerton? We'll debate that. And later, two toys. |
| 0:30.8 | Hicks and Teen Fashion, a delicious year for an old school PC maker, and a |
| 0:35.8 | text of size deal in the energy patch. |
| 0:38.0 | I'm Melissa Lee coming to you loud from Studio B at the Nasdaq on the desk tonight, |
| 0:41.1 | Tim Seymour, Karen Fireman, Dan Nathan, and Guy Adami. |
| 0:44.1 | We will get to the growing fear factor of rising rates and the impact it's having on the markets |
| 0:48.6 | in just a minute, but we begin with the massive drop after hours and shares of sales force, the software giant plunging on a revenue |
| 0:54.8 | miss and weak guidance. |
| 0:56.1 | The earnings called just getting underway. |
| 0:58.1 | Steve Kovac is here to take us inside those numbers, Steve. |
| 1:00.8 | Yeah, Mel, and it's just this ugly move here and it's largely due to that whiff on the second quarter |
| 1:05.1 | guidance. |
| 1:06.1 | So let me give you those numbers. |
| 1:06.9 | They're expecting $9.2 billion to $9.5 billion in revenue for this quarter. |
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