Stocks on Edge Ahead of Debt Limit Meeting, and Why Be Bullish on Schwab? 5/8/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 8 May 2023
⏱️ 45 minutes
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| 0:00.0 | Right now in fast Treasury Secretary Jan and Yell and right here on CNBC saying that |
| 0:06.5 | as early as June 1st the U.S. will run out of money to pay its bills, this is the |
| 0:10.2 | President get set for a debt limit showdown with congressional leaders tomorrow. |
| 0:14.4 | How worried should the market be as the debt clock keeps ticking? |
| 0:17.8 | Plus, checking Chuck shares a Charles Schwab down nearly 40 percent in the last two months |
| 0:23.0 | as the discount broker has been swept up in the wave of regional bank selling. |
| 0:26.7 | Toyer analysts and fund managers so recommending it will hear from one and later one of our |
| 0:31.0 | traders is ready to take a fresh look at shares of Airbnb and DoorDash find out why he |
| 0:35.2 | is pinning his constructive tone on the post-cerning surge of Uber. |
| 0:40.2 | I'm Melissa Lee this is Fast Money Relive with the Nasak Market site on the desk tonight |
| 0:43.9 | St. Brasso, Karen Feinerman, Dan Nathan and Guy Adami. |
| 0:47.1 | We start off with markets on edge ahead of a big week for stocks. |
| 0:50.4 | The Nasak and S.F.E. managing to close just in the green while the Dow ended the day |
| 0:54.1 | down about 55 points, the latest senior loan officer survey showing banks are still worried |
| 0:58.8 | about a slowing economy and deposit outflows. |
| 1:01.4 | And there are more potential catalysts for the markets in the coming days from tomorrow's |
| 1:04.7 | debt ceiling showdown between President Biden and Speaker McCarthy to a slate of inflation |
| 1:09.1 | data this week CPI Wednesday, PPI Thursday and of course next big read on the consumer |
| 1:13.9 | when retail earnings kick off next week. |
| 1:16.7 | So is today just the calm before the storm kind of feels that way, Dan? |
| 1:21.6 | Yeah, so you see a fix at 17, it was at 20 late last week, you see the move index, the |
| 1:26.1 | tracks, the volatility and the treasury bond market, that's picking up a little bit here. |
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