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CNBC's "Fast Money"

Stocks Slump Ahead of Big Week For Markets 12/9/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 9 December 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Major markets closed out the week in the red with the Dow notching its worst week of the quarter. But with the CPI report and the last Fed meeting of the year on deck, what can we expect from stocks next week? Plus the Chart Master says to sell energy, and Wall Street gets bullish on Netflix. 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

All right, right now on fast, market's bracing for a maker break week to come with another

0:07.2

read on inflation and the latest Fed decision on tap for the year, the last one, is now

0:12.9

the time to bet on a Santa Claus rally or bail on it, plus wrap it or scrap it.

0:19.4

After Lulu Lemons last night, Lulu's lemon last night will dive into the retail sector

0:24.3

to see what you should do with these stocks right now.

0:27.8

And then later on, streaming higher, shares of Netflix keep on climbing up over nearly

0:32.2

45% or so in just the last two months.

0:35.2

If you sign up now, can you still get in on some of those gains?

0:40.1

I'm Dominic Chiu, in from Melissa Lee tonight.

0:42.1

This is Fast Money, the big show live from the Nasdaq Market site right here in Timesquare.

0:46.3

On the desk tonight, Karen Fireman here in studio, stay with Bondow and Ison, Steve

0:51.3

Grasso, Julie Beale there, you can see there, remote for us, and we're going to start with

0:55.7

the rough end of the week here on Wall Street Stocks, selling off in just the last hour or

1:00.5

so with the Dow closing near as low as of the day.

1:03.6

Down over 300 points, the index shedding nearly 3% just since Monday, locking in its worst

1:08.9

five-day stretch of the quarters thus far, the S&P and the Nasdaq seeing even bigger

1:13.3

losses on a percentage basis as investors turn their attention to a very big week ahead.

1:18.8

We've got another read on inflation.

1:21.0

After this morning's hotter than expected producer price index report, November consumer

1:25.3

prices out on Tuesday, just before the Fed delivers its last policy decision of 2022.

1:33.0

So how do you position yourself as we head into this new week, Steve Grasso, I'll send

1:37.9

it to you first.

...

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