Stocks Reverse On Trump Comments And Oil’s Next Move After Spike Above $100/Barrel 3/9/26

CNBC's "Fast Money"

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Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 9 March 2026

⏱️ 76 minutes

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Summary

Stocks stage a major reversal as President Trump weighs in on the Iran War timeline, and where a top oil analyst sees the energy sector heading next after crude oil spikes above $100 per barrel. Plus, the latest on a Microsoft–Anthropic AI deal, Hims & Hers jumping on a new collaboration with Novo Nordisk, Bitcoin volatility below $70K, and shutdown-fueled airport delays snarling travel. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ markets, I'm in the heart of New York City's Times Square.
0:05.8	This is fast money. Here's what's on tap tonight. A major reversal on Wall Street,
0:09.9	markets turning sharply higher late in the day. This, after President Trump tells CBS, the U.S.
0:14.2	is, quote, very far ahead in the war with Iran. Should you believe the bouncer is there
0:18.9	more volatility to come? The president
0:20.9	speaking to Republicans in Miami and expected to hold a news conference later this hour, where
0:25.6	he is expected to address the Middle East conflict. We'll hear from General Wesley Clark
0:29.8	on how the U.S. is situated now and what the next steps might be. Plus, Hymns locks in his
0:34.9	best day on record. Bitcoin gets a bounce, but how much higher can it go? And more trouble for the already ailing airlines, how a TSA staffing shortage is just adding to the pain for the group and what happens if the budget issues aren't resolved soon. I'm Melissa Lee. Home to you live from studio, be at the NASDAQ on the desk tonight. Steve Grasso, Karen Feinerman, Dan Nathan, and Bono in Isson.
0:54.6	We start off with that big pop in the markets after President Trump raised hopes that the war
0:58.6	with Iran would soon be over. Stocks finishing the day higher across the board, with the Nazak gaining
1:03.3	more than a percent. The Russell, S&P 500, and Dow also finishing in the green. That is quite
1:08.6	the reversal from where we started in the day. The Dow had been
1:11.2	down nearly 900 points at the low. Oil prices also reversing course sharply after nearly
1:17.2	hitting 120 a barrel overnight. WTI now trading at less than $90, though still up about
1:23.6	25 percent this month. All that. After the president told CBS that the war was, quote,
1:28.7	very complete, pretty much. Let's rename me Jabbers for the latest developments on this.
1:34.1	Amin. Melissa, as you mentioned, the president is speaking right now to House Republicans down in
1:39.2	South Florida at a previously scheduled convention there. And he's continued in his remarks, which are ongoing,
1:45.7	he's continued this sort of rhetorical shift that we've seen throughout the afternoon
1:50.2	that began with those comments to CBS News that you just mentioned.
1:53.9	He said this military operation in Iran is going to be short term,
	...

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