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CNBC's "Fast Money"

Target Drops On Succession Plans… And Details From The Fed Minutes 8/20/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 20 August 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of Target tumbling as the retailer reports results. The slowing sales and new CEO plans weighing on that stock, and if there’s a turnaround in store for the retail giant. Plus A divided Fed. What the minutes from the central bank’s latest meeting is signaling, and what it could mean for Powell’s next rate decision. Fast Money Disclaimer

Transcript

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0:00.0

Live from the NASDAQ market site right here in the heart of New York City's Times Square.

0:06.5

This is Fast Money.

0:07.8

And here's what's on the show tonight, off target.

0:11.0

The retailer changing CEOs, but is the new boss the same as the old boss?

0:16.0

Investors might have thought so will debate.

0:18.3

Primed for a pop after a massive year Palantir shares sliding but one top

0:23.5

analyst says right now is it time to buy plus they love gold miners hurts at amazon linking up

0:31.2

and ESPN's big new streaming bet is the bundle about to get whacked hi everybody thanks for joining us i am Brian Sullivan, in for Melissa Lee, coming to you live from the Studio B at the NASDAQ market site on your desk. Tonight we got Julie Beale, Steve Grasso, Karen Feinerman, and Guy Adami. Welcome, everybody. Welcome to you. Thank you. Hi, Brian.

0:56.2

I figured you had some comment.

0:56.8

I was shocked.

0:57.3

No, no. No, forget it.

0:58.7

Since you opened that door, you obviously were making comments about the 1971 Who album, Who's next.

1:05.4

Yes, I was.

1:05.8

Famously, the market, well, they asked in the song, you know, we were going to get fooled again. I mean, right, pick up my guitar and play new boss, same as the old boss. And the market today is saying, you know what, Brian, we're not going to get fooled again by this target CEO. But back to you. That's, I, I let you rolled in the top. You rolled in the who? Tim Seymour's not even here.

1:28.0

So let's start with that.

1:29.8

And a stock that has been decidedly off target.

1:32.2

Target shares falling nearly 11% at the low of the day.

1:35.9

Closing down, call it only 6%.

1:38.3

Now, they did beat second quarter sales and profit estimates.

1:41.7

But here's the question, guys, that earnings even matter?

1:45.9

Because Target unveiling its new CEO, and it's a long time insider. Really, it's the current

1:51.7

number two to the current CEO, Brian Cornell, which shares more than cut in half on the all-time

...

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