Retail Wrecks the Market, But Is There More Pain to Come. 05/18/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 18 May 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Another monster earnings miss in the retail sector sent Target to its worst day since Black Monday and took the rest of the market with it. But fear was felt across sectors. Will there be more pain to come or have we finally seen the worst? Plus gas prices surging to records across the country. What it means for inflation and the consumer. 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	Live from the Nasdaq Market
0:02.0	site in the harder times
0:03.0	where this is fast money.
0:04.0	I'm Melissa Lee.
0:05.0	I'm the death's night to
0:06.0	break down all of today's
0:07.0	market action.
0:08.0	Brian Kelly, Steve Grasso,
0:09.0	Tim Seymour, Jeff Mills.
0:10.0	Let's get right to
0:11.0	it.
0:12.0	Stocks plunging across the
0:13.0	board today with a Dow down
0:14.0	more than 1100 points.
0:15.0	It's worst loss since June
0:17.0	2020.
0:18.0	The Nasdaq down nearly 5%.
0:19.0	The consumer sector seeing
0:21.0	the most paying target,
0:22.0	of course, dropping nearly
0:23.0	25%.
0:26.0	Losing a quarter of its
	...

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