Semis’ Big Resurgence and Can the Auto Rally Roll On? 7/7/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 7 July 2022
⏱️ 44 minutes
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Summary
Transcript
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| 0:00.0 | right now in fast semi surge this week the bean down chips are jumping the |
| 0:05.1 | SMH up nearly 6% of the sectors outperforming the S&P is this a bullish |
| 0:09.7 | sign for the markets ahead of earnings season plus it's electric the |
| 0:13.0 | EV stocks are charging higher again today while the old guard autos are |
| 0:16.8 | surging to the former CEO Ford Mark Fields is with us to discuss the road ahead |
| 0:22.0 | for the industry and later we're on the clock for tomorrow's big jobs |
| 0:24.9 | report will ask the traders what's a Goldilocks number to keep this week's |
| 0:28.3 | rally rolling I'm Melissa Lee this is fast money life and that's like |
| 0:31.5 | market side in the heart of Times Square on the desk tonight Tim Seymour |
| 0:34.2 | Courtney Garcia bottle and ice and and P&D and co-founder of marketorbellion |
| 0:37.9 | dot com we start off with a news alert on Twitter the Washington Post |
| 0:42.0 | reporting just moments ago that Elon Musk's bid to buy the company is in |
| 0:46.0 | peril as his camp decided they could not verify the social media platform |
| 0:50.0 | spam account numbers separately the Wall Street Journal saying Twitter is |
| 0:53.2 | laying off almost a third of its talent team shares of Twitter right now are |
| 0:56.9 | down about four and a quarter percent |
| 0:59.1 | um... tim what do you make of this and we knew that he was sort of trying to |
| 1:02.7 | it seemed like he was making overtures to back away from the steel for a while |
| 1:06.2 | out without question and and the the ultimate tactic here is certainly to do |
| 1:11.2 | whatever it takes to first of all he can't lose he wants to get out of this |
| 1:14.5 | deal he wants to drive the price down and and I think he certainly knows he |
| 1:18.2 | could have gotten this thing cheaper listening to efficiency at a tech |
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