Rates Hit 16-Year High, and Zuck and Musk Square Off Amid Threads Launch 7/6/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 6 July 2023
⏱️ 44 minutes
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| 0:00.0 | Right now and fast, rattled by rates, stocks struggling as bond yields fight the levels |
| 0:05.1 | not seen since before the great financial crisis and as we count down to the jobs report |
| 0:09.0 | tomorrow, should investors' fear markets will wilt under the blistering move in bonds. |
| 0:13.6 | Plus, the billionaire battle royale Zuckerberg and Musk facing off online met his new social |
| 0:18.9 | media app Threads, racking up millions upon millions of users on a single day, will have |
| 0:23.4 | the blow by blow in the escalating war of wars between Musk and Zuck coming up. |
| 0:27.4 | And later, New York City delivering bad news to a host of gate economy stocks will have |
| 0:31.6 | the latest on Uber, DoorDash, and Grubhub's suit against the big apple in its new minimum |
| 0:36.1 | wage laws. |
| 0:37.1 | I'm Melissa Lee. |
| 0:38.1 | This is Fast 20. |
| 0:39.1 | We're live at the Nasdaq Market site on the death tonight. |
| 0:40.7 | Courtney Garcia, Steve Grasso, Tim Seymour, and Julie Beale. |
| 0:44.0 | We start off with the unrelenting rise in rates. |
| 0:47.0 | The two-year yield jumping and other seven basis points today rising above 5% for the |
| 0:51.5 | first time since March and its peak for the session, it was at its highest level in over |
| 0:55.9 | 16 years. |
| 0:56.9 | Longer term treasuries followed suit with the 10-year crossing back above 4%, the move |
| 1:01.0 | coming after much stronger than expected private payroll report raises expectations for more |
| 1:05.6 | rate hikes. |
| 1:06.7 | Those worries also setting stocks lower though markets close well off their lows. |
| 1:10.4 | The Dow down more than 500 at its lows still put in its warstations early May. |
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