Snap Shares Plunge, Plus Morgan Stanley’s Mike Wilson Counts Down to the Fed Decision 1/31/23

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 31 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares of Snap plunging after its latest earnings results, and taking down the stock of Meta with it. We break down the numbers and bring you the trades for the social media stocks. Plus we’ve got more from the iConnections Global Alts Conference in Miami, with Mike Wilson of Morgan Stanley and Ares Management’s Mike Arougheti.

Transcript

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0:00.0	Right now on fast, we're live again from Miami.
0:05.0	The countdown is on to tomorrow's big bed decision.
0:07.0	Morgan Stanley's Mike Wilson will join us with his
0:10.0	taken where the markets are headed ahead of Chair Powell's next move.
0:13.0	Plus, we'll hear from Mike Aragetti of Aries Management on how the
0:16.0	credit and debt markets are prepping for a new rate reality.
0:19.0	And later, we'll go inside the numbers for snap and AMD.
0:22.0	Result just out after the bell from FLA to Wall Street,
0:26.0	Silicon Valley and beyond.
0:27.0	The special edition of fast money starts right now.
0:30.0	They're suppressing.
0:31.0	Yeah, they're suppressing.
0:32.0	And you're looking live at the Fountain Blue Hotel in the heart of Miami.
0:35.0	It's here.
0:36.0	We're live again on the Iconnexions Global Alt Summit.
0:38.0	I'm Melissa Lee and Rodding Schock on again today.
0:40.0	Dan Nathan and Guy Adami.
0:42.0	Great to have you guys here.
0:43.0	And of course, back in New York, Karen Fireman and Tim C.
0:46.0	More joining the action.
0:47.0	Sadly, they are just a little bit colder and less sunny than we are.
0:51.0	But we want to get straight to a big post earnings plunge and chairs
	...

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