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CNBC's "Fast Money"

Semis’ Big Resurgence and Can the Auto Rally Roll On? 7/7/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 7 July 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Semis surging this week, with the SMH ETF seeing its best day since May. So does the recent outperformance mean a bottom has been put in for the markets? Plus EV and auto stocks have been revving up in recent days. We talk to the former CEO of Ford to find out if the rally can continue. 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

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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