REGIONAL WRECKAGE 10/20/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 20 October 2023
⏱️ 45 minutes
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Summary
Transcript
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| 0:00.0 | Life in the Nasdaq markets I did in the heart of New York City's Times Square, this is |
| 0:05.2 | Fast Money. |
| 0:06.2 | Here's what's on tap tonight. |
| 0:07.2 | Regional REC shares a region's financial plunging and taking a good chunk of the sector |
| 0:11.8 | along with it. |
| 0:12.8 | Rising rates, mounting expenses, taking a toll, how much will bank weakness weigh down |
| 0:17.0 | the broader markets? |
| 0:18.0 | Plus, an Apple problem. |
| 0:20.1 | Reports are parting ways that John Stewart over content concerns related to China and |
| 0:24.4 | AI. |
| 0:25.4 | Is this problem going to keep dogging tech companies that want to try their hand at edgy |
| 0:29.3 | creative content? |
| 0:30.9 | And later, a solar power outage that took down the entire sector today, Oracle's Friday |
| 0:35.3 | flushed, the ripple effect on other software stocks, and the options action on Amazon |
| 0:39.7 | ahead of the busiest week in earnings. |
| 0:41.7 | I'm Melissa Lee, come and see you at the Nasdaq on the desk tonight. |
| 0:45.0 | Tim Seymour, Karen Feynerman, Dan Nathan, and Guy Adami. |
| 0:48.7 | We start off with the Regional Bank tumble, region's financial dropping more than 12%. |
| 0:53.4 | Earnings falling short of estimates, rising yield, mounting expenses, pressuring results, |
| 0:57.5 | regions drop, rippling through the sector, shares of Comarica, Western Alliance, |
| 1:01.6 | Zion's Bankorp, Fifth Third, also hit hard. |
| 1:04.1 | The weakness coming as a tenure continues to hover around 5% for the first time since |
... |
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