Stocks Manage Gains, But Banks Drop Again, and TikTok’s CEO Takes on Capitol Hill 3/23/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 23 March 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Major indexes all closed well off their highs of the day, even as the rates market seemed to come to terms with the end of the Fed’s rate hike cycle. But which market has the real read on the outlook? Plus TikTok’s CEO making his appeal to not have the app banned in the U.S. What it all means for the social media space. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Right now and fast to see a red for the regionals, the big banks and a number of the brokerage
0:05.7	stocks, First Republic, Charles Schwab, Bank of America, just a few of the names getting
0:09.0	hit hard.
0:10.0	Well, the banking pains spread across the rest of the market that is desperately trying
0:13.9	to rebound.
0:14.9	Plus, Washington's TikTok attack, the CEO pressed by lawmakers from both sides of the aisle
0:19.8	about the app's ties to China, data security and the harmful effects of the videos on the
0:24.2	app, to TikTok hurt or help its chances to avoid a U.S. banner today's hearing.
0:29.4	And later, cracking the code at Netflix, the streamer rolling out new anti-password
0:33.4	sharing rules in four countries, including Canada, its second largest market out to the
0:38.2	U.S., the stock's 39%.
0:39.2	Does this mean a crackdown here in the U.S. is fast approaching?
0:42.8	Uh-oh.
0:43.8	I'm Melissa Lee.
0:44.8	This is fast money.
0:45.8	We're live at the Nasdaq Market.
0:46.8	I had a full house again here on the desk to see more Karen Prynerman, Dan Nathan and
0:50.5	Guy Adami.
0:51.5	We start off with the rollercoaster ride for the markets that are swinging nearly 650 points
0:56.6	from high to low today before closing up a quarter percent well off the highs of the
1:00.6	day.
1:01.6	The S&P also eating out a gain, but still closing below the 4,000 level.
	...

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.