Ready, Set, Taper?

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 22 September 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fast Money traders break down the market reaction to the Fed. Plus, the big headline out of Washington that sent cannabis stocks blazing higher.

Transcript

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0:00.0	Live from the Nasdaq Market site overlooking New York City's Times Square, this is Fast
0:05.4	Money.
0:06.4	I'm Melissa Lee, tonight's Trader lineup.
0:07.5	Guy Dami, Tim Seymour, Karen Feinerman and Steve Vassa, tonight on Fast, what the
0:11.5	F?
0:12.5	Facebook, FedEx and the FAD leaving investors with more questions and answers, but have
0:17.0	no fear.
0:18.4	Our traders are standing by to break down each of these big stories, plus pop stocks in
0:22.7	rally mode, Congress taking a major step toward legalization.
0:26.1	So this is all clear for the cannabis trade, and later we are gearing up for a major
0:29.8	earnings report from Nike.
0:31.6	The retailer reports earnings results tomorrow after the battle, how our traders are
0:35.0	positioned heading into this print.
0:36.9	We start off with the taper TF, Jay Powell telling the market to get ready, because the
0:41.6	FAD is about to cut back on its bond buying binge.
0:44.1	The FAD also signaling rate hikes could happen as soon as this year.
0:47.8	None of that rattling the market today stocks, popping with all three major averages gaining
0:52.1	around 1%.
0:53.1	So let's get right to it.
0:54.4	Steve Leastman's got more on the fallout from the FAD.
0:56.9	Hi Steve.
0:57.9	Hey Melissa, yeah, the Federal Reserve strongly suggesting it's on the verge of reducing its
	...

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