meta_pixel
Tapesearch Logo
Log in
CNBC's "Fast Money"

Stocks Snap Win Streak in a Big Way, and What to Expect from Nike Earnings 12/20/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 20 December 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Dow & Nasdaq ended a 9-day win streak with the benchmark index seeing its worst day since early October. Was this just a little bit of profit-taking, or is there more at stake here? Plus Nike set to report after the bell tomorrow. What we’re expecting from the stock, and how to trade it Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody live from the NASDAQ market site in the heart of New York

0:04.8

City's Times Square this is fast money and here's what's on tap tonight

0:08.9

can't win them all the streaks for the Dow and NASDAQ are over.

0:13.6

Was the market's late day sell-off just profit-taking

0:16.4

or after a big run or the start of a meaningful pullback?

0:19.9

We will debate that one.

0:21.4

Plus, Shoe Doggero shares of Nike struggling for much of

0:25.5

the year then rebounding big time in the past two months will earnings lace up

0:30.0

more upside or send the stock back down.

0:33.0

And later reports after the bell that Warner Brothers Discovery and Paramount are in early talks

0:37.8

to merge.

0:38.8

We will have the latest and ask whether a deal would start a wave of media mergers.

0:44.6

I'm Tyler Matheson in from Melissa Lee.

0:46.4

Glad you could join us coming to you live from Studio B at the NASDAQ.

0:50.1

On the desk tonight, Steve Gro, good to see you Steve.

0:53.0

Karen Feinerman Gai Adami and Julie Beale joins us remotely.

0:56.4

We start with a sharp late day sell-off that ended the market's win streak in a big way.

1:01.8

The Dow dropping 476 points with every member

1:06.0

everyone down on the session. It was its worst percentage loss since way

1:11.0

back on October 3rd and all that after the index had

1:15.5

notched a new intraday record earlier in the day. Meanwhile the S&P and

1:20.0

Nasdaq both falling about a percent and a half all three now in the red

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2026.