Stocks Shrug Off Powell Comments & a Junk Bond Danger Zone? 9/8/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 8 September 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. indexes closed higher for a second straight day even as Fed chair Jerome Powell doubled down on his hawkish stance. But could next week’s CPI report signal more aggressive rate hikes are still to come? Plus junk bond defaults are on the rise. What kind of signal is this sending for where the economy is going next? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	right now and fast the feds not
0:02.0	backing down chair Powell bowing
0:04.0	again to take strong measures to
0:05.0	fight inflation stocks not fighting
0:07.0	the feds messaging right now. Could
0:09.0	it be that investors want Powell
0:10.0	to go big now so they don't have
0:12.0	to later. Plus mortgage rates
0:14.0	spike to their highest level since
0:15.0	the financial crisis will drill
0:16.0	down on how this is impacting the
0:18.0	banks, the builders and the home
0:19.0	furnishing stocks and later. Are
0:21.0	you ready for some football? How
0:22.0	about sports betting? We will
0:24.0	chart the record breaking season
0:25.0	a wager set to take the NFL
0:27.0	vice storm and will be joined by
0:29.0	the master of the illustrator, the
0:31.0	one and only Steve Pornacchi of NBC.
0:33.0	I'm Melissa Lee. This is fast
0:35.0	money. We're live at the Nasak
	...

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