Stocks Sell Off On President Trump’s China Threat… And A New Drug Price Deal 10/10/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 10 October 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks dropping across the board, as President Trump threatens a tariff increase on China. The sectors getting hit the hardest, and where government layoffs are beginning as the shutdown continues. Plus Another drug pricing deal in the pharma space. The company striking a deal with the President, and the reaction from the health care sector. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Live in the NASAC markets, I'm the heart of New York City's Times Square.
0:05.5	This is fast money.
0:06.5	Here's what's on tap tonight.
0:07.9	New tariff turmoil.
0:08.9	President Trump just announcing new 100% tariffs on China.
0:12.8	That after earlier threats and major indices to their worst day in months, the max 7 losing
0:17.5	near an Eli Lilly's worth of market cap in just one day.
0:21.2	The impact and all the ripple effects coming up.
0:23.4	And drug dealmaking, a potential agreement on drug prices and more talk of M&A,
0:27.9	the big trends impacting the industry and how to play these moves.
0:30.9	Plus, we set the table for bank earnings season, a technical take on two AI names
0:35.1	that could be heading in very different directions.
0:54.7	And Canbaba bounce back. The Chinese tech giant down more than 10% already this month? Is there hope for a rebound when trade tensions continue to loom large? I'm Melissa Lee. Come to you live in studio, Vyth and Azzac on the desk tonight. Tim Seymour, Dan Nathan, Mike Coe, and Fairlead Strategies, founder and managing partner, Katie Stockton.
0:55.3	Welcome, Katie.
0:57.7	We start off with that breaking news out of Washington.
1:03.2	President Trump just announcing 100% tariffs on China above it was previously implemented.
1:05.5	The S&P and Q's down after hours.
1:11.3	This, after major indices, all closed near their lows of the session after the president threatened massive new tariffs on China. The NASAC, which hit an interday record early in the session, end of the day,
1:15.4	down more than three and a half percent. It's worst day since April 10th. The S&B shedding nearly
1:19.9	3 percent, while the Dow lost 878 points. All three indices now negative so far in October.
1:26.9	Emily Wilkins has a very latest from
1:28.4	Washington. Emily. Hey, Melissa. Well, yes, we're getting this news now of that 100% over and above
	...

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.