Stocks Drop After Weak Jobs Report… And Oil Notches Worst Week In More Than A Year 9/6/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 6 September 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stock dropping across the board as investors digested a weaker-than-expected jobs report. And with the Fed decision less than 2 weeks away, what will the new economic data mean for their next rate decision? Plus Low energy in the oil space, as Crude notches its worst week in more than a year. So will the oil slick continue? Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Live from the Nazac Market site in the heart of New York City's Times Square, this is
0:04.6	Fast Money.
0:05.6	Here's what's on tap tonight.
0:06.6	A growth scare on Wall Street.
0:08.6	Stocks sinking as a weak jobs report raises concerns about the economy.
0:12.0	The Nasac closing on its worst week in
0:13.6	over two years. Have we ruled out hopes for a soft landing? And the
0:17.4	countdown is on to Apple's next big iPhone reveal what to expect from
0:20.7	Monday's event and how it could impact the stock.
0:23.2	Plus crude gets crushed, prices hitting their lowest level since June of last year.
0:28.0	Out of the ether, money flowing out of the crypto's ETS and streaming key to the NFL's 2024 season we dive into the league strategy
0:35.8	and who could come out the MVP.
0:38.2	I'm Melissa Lee coming to you live from Studio at the Nasak on the desk tonight.
0:41.4	Tim Seymour Carter Worth, Dan Nathan and Steve
0:43.7	Grasso. But we start off with that major sell-off on Wall Street. The S&B
0:47.6	closing out its worst weekend, more than a year with nearly a 2% drop
0:51.0	today. The Dow falling more than 400 points,
0:53.6	the Tech Heavy NASDAQ leading the losses,
0:55.7	down 2.5% notching its worst week since January 2022.
1:00.0	The sell-off coming after a disappointing jobs report, August jobs report, raising fears over economic growth.
1:05.0	Payrolls rising by 142,000, that's well below expectations, for a gain of 161,000 prior months growth was revised lower as well.
1:14.0	While the unemployment rate ticked lower,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.