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CNBC's "Fast Money"

The day after the Fed hike 9/22/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 22 September 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Another day of selling on Wall Street. One of our traders believes today’s decline didn’t start on Wall Street or Washington, but rather half a world away! 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

Right now in fast late day selling the day after the Fed decision, tech heading hit the

0:04.9

hardest along with stocks, pecked to the consumer, so if the spending party is over, where

0:09.0

do investors turn for profits now, plus a face-off on Capitol Hill, Jamie Dimon scoring off

0:14.2

the commissioning representative Rashida to leave, Dimon saying no way his bank will stop

0:18.6

lending right now to big oil and why he believes doing so would be a quote, road to hell,

0:23.9

then a big upgrade for Eli Lilly, the stock rocketing hire one analyst says their obesity

0:28.0

drug is a potential blockbuster, one of our traders says it could be the holy grail

0:32.3

for weight loss and later, the CEO of Cannoh Health will join us, the stock shooting up

0:36.5

late in the day and reports Humana and potentially CBS are eyeing the company.

0:40.6

I'm Melissa Lee, this is Fast Money Life in the Nasak Market site on the desk tonight

0:44.2

Karen Feineman, Dan Nathan, Brian Kelly, and soon to join us, Bono and Ison.

0:48.6

In the meantime, we begin with another down day in Wall Street nearly a quarter of the

0:51.9

S&P 500 hitting fresh 52-week lows at one point today, the Dow selling into the close

0:57.0

to end near session lows and tech once again falling harder than the other major averages

1:01.3

all of this as rates keep marching higher, the two year and the ten year, both surging

1:05.6

again today, the yields it is.

1:07.4

One of our traders who believes today's move didn't start on Wall Street or Washington,

1:11.9

but rather half a world away, an hours ahead of the opening battle, he says the trigger

1:16.2

began in Japan because of a currency intervention by their government, something they have not

1:21.2

done since 1998.

1:23.2

Who would say this?

1:24.2

Of course, the one and only BK.

...

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