Should Banks Be Cast as the Bad Guys, and Is There More Gas Left in Ford?

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 27 May 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bank CEOs were grilled by lawmakers Wednesday for the way they handled the pandemic. But were they really the villains in this story, and what did we really get out of the Senate Banking Committee hearing. Plus Ford posted its best day since last June after doubling down on its commitment to EVs. But is there more upside for the stock? 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	I'm Melissa Lee, and this is Fast Money.
0:03.4	Tonight's Trader lineup, Guy Dami, Tim Seymour, Steve Grasso, and Pete Nigerian. Tonight on Fast, the rally that's built Ford Tuff. Shares of Ford seemingly unstoppable, gaining another 7% today. The stock is now up 19% in just the past week. At what point do the wheels start to come off this epic run? We'll take it inside the trade.
0:21.5	Plus, we're all over the after-hours action shares of sales force. The stock popping as a
0:25.6	company's call gets underway will bring you all the big headlines from the quarter. And later,
0:29.4	a Hollywood comeback shares of AMC soaring at 35% today. So is this the MOASS or mother of all short
0:37.2	squeezes as they say on Reddit?
0:38.7	We will find out.
0:39.7	We start off with the Airbus Lyft shares at GE, Spirit Air Systems, Transdime, and Boeing flying high today as the world's biggest plane maker forecast clear skies ahead.
0:49.0	Phila Boe kicks us off tonight with all the details.
0:51.4	Hi, Phil.
0:52.3	Hey, Melissa, when Airbus or Boeing does something basically predicting where the industry is
0:57.1	headed, the other stock usually moves in tandem, and that was the case today, as Boeing and Airbus
1:01.8	both moved higher after Airbus early this morning in Europe said, you know what, suppliers,
1:06.6	get ready for a ramp up an A-320 production. Remember,, the A320 is the counter to the 737 max.
1:12.5	It is the bread and butter at Airbus, and they want the suppliers to get ready.
1:17.0	For some point of reference in terms of how much production will increase, consider this.
1:21.1	They currently build 40 per month. By the fourth quarter, they want their suppliers to be ready for production at 45 A320s per month.
1:28.9	By 2023 in the first quarter, they expected to get to 64.
1:32.9	By the way, that will eclipse where they were at the high point in 2019.
1:37.2	And they want their suppliers to investigate the possibility of getting up to 70, 70, 80s per month in the year 2024. Take a look at shares of Boeing over the last two weeks.
1:48.9	There's increased optimism about the max. Deliveries have restarted after they have been, have the latest electrical issue fix.
1:56.3	Orders are supposed to be increasing. We've already seen a couple in the last week or so. That move shares of Boeing higher.
	...

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