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CNBC's "Fast Money"

Speaker Pelosi in Taiwan, Starbucks’ shares on the move, PayPal & Sofi jump, Uber surges 8/2/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 2 August 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed. 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 and earnings parade lined up for you from PayPal and so far to Starbucks

0:06.5

and Robinhood we've got our eyes on the slew of hours movers how you should be trading

0:10.3

these names plus credit card balances seeing their biggest jump in 20 years by one

0:14.6

top economist says this is a sign of resilience in the consumer what that means to the market

0:19.1

and later Uber revs up shares seeing their best days since March 2020 erasing nearly

0:23.7

three months of losses but the company's comment say about the strength of the consumer

0:27.4

in the broader economy I'm Melissa Lee this is fast money life in the Nasdaq

0:30.7

market side in the heart of time square on the desk tonight Tim Seymour

0:33.6

Karen Feinerman Courtney Garcia and Jeff Mills we're gonna get to those

0:37.2

after hours moves in PayPal and AMD in just a moment we start off at the latest

0:40.8

development stemming from House Speaker Nancy Pelosi's highly controversial

0:44.8

visit to Taiwan we're seeing the first response from China with one battery

0:48.6

maker putting plans for multi-billion dollar North American plans on pause

0:52.9

let's get to fill a bow for the details here Phil Melissa the battery maker is

0:58.1

C-A-T-L the largest battery cell supplier in the world and there is a report

1:03.0

this afternoon out of China that the company which is in the process of

1:08.2

looking at a possible location for a five billion dollar EV battery cell

1:13.6

plant either in the US or in Mexico that they're putting that announcement on

1:17.6

hold at least that's the report from Reuters out of China keep in mind the

1:21.6

importance here is that that plant would supply Tesla and Ford here in the US as

1:27.1

you take a look at shares of Ford keep in mind that the C-A-T-L battery plant

1:31.4

once it's online would supply lithium phosphate batteries to Ford those are the

...

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