Target Hits the Bullseye, and Dissecting the Meeting Between Presidents Biden & Xi 11/15/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 15 November 2023
⏱️ 45 minutes
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| 0:00.0 | Live from the NASDAQ market site in the heart of New York City's Times Square. |
| 0:05.0 | This is fast money. Here's what's on tap tonight. |
| 0:08.0 | Hitting the bullsey shares a target seeing their best gain in over four years after blowing past expectations for the latest quarter. |
| 0:14.0 | Has the retailer really put all its troubles behind it? |
| 0:17.0 | Plus, high-stakes summit, President Biden and she meeting in the Bay Area this afternoon, |
| 0:21.0 | but what might be even more consequential tonight's summit with |
| 0:24.5 | CEOs? |
| 0:25.5 | What could come out of that meeting and what it might mean for doing business with China? |
| 0:28.9 | And later Disney catches the eye of another activist, a stock not named Lily or Novo that is benefiting from the |
| 0:34.5 | weight loss drug boom and two tech stocks take a tumble after the latest reports were |
| 0:38.5 | digging into those numbers were dialed into those conference calls. I'm Melissa Lee |
| 0:41.8 | coming to you live from Studio B at the |
| 0:43.2 | Nasdaq on the desk tonight. Tim Seymour, Karen Feinewyn-E-E-Win-Eison and Mike Co. |
| 0:48.0 | We start off tonight with Target's Monster Move, the stock jumping almost 18% after the retailer delivered a massive third quarter |
| 0:54.9 | earnings per share 22 cents above street estimates but the pressure on |
| 0:59.0 | revenue still notable targets comp sales dropping again this time by 5% the company giving another |
| 1:04.6 | warning about deal-hungry shoppers and weaker discretionary spending. Even with |
| 1:09.1 | today as pop target shares are getting crushed this year the big box retailer is down almost 13% since January. |
| 1:16.4 | So is it all clear for Target? Did we see an inflection point? Karen, what was it like this |
| 1:21.1 | morning? You woke up, you're peeking out from under the cover and you're like what's going to happen? |
| 1:26.0 | I know very nervous, very nervous and then very, very relieved. |
| 1:30.0 | I mean I think that's all there's a lot of relief rally in this the same store sales were |
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