Tesla Stoppage Raises Red Flag Over Potential Red Sea Impact, Plus Making Sense of the Bitcoin ETFs First Day 1/11/24

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 11 January 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tesla reportedly planning to stop down production in its Berlin factory as conflict in the Red Sea makes certain components unavailable. We get the latest on the impact and what it will mean for the global supply chain. Plus the new bitcoin ETFs mostly closing lower in their first day of trading. We dig in on what the new instruments will mean for the industry. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Live from the Nasac Market site in the heart of New York City's Times Square.
0:04.8	This is Fast Money. Here's what's on tap tonight. Red Sea Ripple effect, the
0:08.8	turmoil and armed conflict in this critical shipping channel, taking a toll on the global supply chain
0:13.7	Tesla set to halt most production in Germany. Shipping rates are soaring the
0:18.0	latest developments coming up. Plus, Bitcoin's big day, all of the 11 crypto ETS are now trading, and the frenzy pushed
0:24.5	Bitcoin above 49,000 before midday fade. Is this the peak of the current
0:28.7	crypto rally? We'll debate that. And later, Netflix and chill out for ads. It's a thing. We'll explain it
0:34.4	Bowing's and a bad week keeps getting worse and the big banks are on the clock to
0:39.4	Mars Trade tonight. I'm Melissa Lee coming to you live from Studio B at the
0:43.0	Nasdaq on the desk tonight, Tim Seymour, Karen Fireman, Guy Adami, and
0:46.7	Dan Nathan. We begin with a developing story out of the Red Sea of Major Real
0:50.7	World Ripple Effect and the ongoing armed conflict in this critical
0:54.0	shipping channel Tesla announcing it will suspend most of its EV production at its
0:58.6	Berlin factory due to the impact on shipping costs and a supply gap.
1:02.6	Let's get straight to Pippa Stevens with more on this and reports that the president
1:05.8	could be addressing the troubles in the Middle East tonight.
1:08.0	Pippa.
1:08.6	That's right, Melissa Biden is reportedly set to speak tonight according to the Times of London right after
1:14.1	UK PM Sunak held a call with his cabinet this afternoon about the likelihood of a
1:19.1	British and US military strike against the Houthuthies in Yemen.
1:23.2	This has Reuters reporting that Tesla is set to halt most operations at its gigafactory in Germany for two weeks.
1:30.4	Tesla is the first company to halt or slow output due to the conflict in the
	...

Please login to see the full transcript.

Previous episode | Next episode

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.