Stocks Sink as China Concerns Deepen, and the Real Read on Black Friday Sales Growth 11/28/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 28 November 2022
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | Right now, in fast and unmitigated disaster, that's what Stephen Roach is calling China's |
| 0:05.3 | Euro-Covid policy. |
| 0:06.3 | The impact it could have on economic growth and what will mean for markets here at home. |
| 0:10.1 | Plus, a Bahamut holiday, Black Friday sales hit a record this year, but could that bright |
| 0:14.6 | shiny packaging be hiding a lump of coal? |
| 0:17.4 | We dig into the numbers to find out how strong the consumer really is. |
| 0:20.9 | In a three-decade deal, we will talk to the CEO of Digital Add Company, Tabula, about |
| 0:24.9 | his deal with Yahoo in the state of the online ad space. |
| 0:27.8 | I'm Melissa Lee. |
| 0:28.8 | This is Fast Money Relived in Nasdaq Market, side in the heart of Times Square on the |
| 0:31.9 | desk tonight, Karen Feinerman, Dan Atheon, Guy Adami, and Jeff Mills. |
| 0:35.4 | We start off with a sea of red to kick off the week on Wall Street, the Dow dropping |
| 0:39.1 | nearly 500 points closing down, almost a percent and a half. |
| 0:42.4 | The S&P 500 and Nasdaq seeing even bigger losses, the moves, coming as Wall Street grapples |
| 0:47.0 | with the unrest in China over the Euro-Covid policies and what that means for markets and |
| 0:51.6 | supply chains. |
| 0:52.6 | Apple, down more than 2.5 percent after the report of the hit to production of its latest |
| 0:57.6 | high-end iPhone, could be double what was originally expected. |
| 1:00.9 | Semmy stocks, another big lagger today, Lumen technology shedding 6 percent on semiconductor |
| 1:05.9 | NXP and micron also down sharply. |
| 1:08.4 | A better outcome for casino stocks, so China granting win-resourced Las Vegas Sands |
| 1:12.2 | Melco and MGM provisional licenses to continuing operating in Macau, went up more than 4 percent |
... |
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