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CNBC's "Fast Money"

The Fed’s Big Conundrum, and Why the Twitter Whistleblower Helps Musk’s Case 8/23/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 23 August 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

We’re just about a day away from the Fed’s annual meeting at Jackson Hole and the central bank is weighing big differences in its measures for inflation. We break down the tough spot that puts Jerome Powell in. Plus a former exec sounding a big alarm on Twitter’s security protocols. What it all means for Elon Musk’s deal for the company. 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 fact, on fast money from housing boom to housing bummer, a nightmare scenario

0:05.0

for the sector, but it's just what the Fed wanted when they started to raise rates

0:09.9

aggressively.

0:10.9

We're going to talk about that.

0:11.9

Plus, in order to fall off the rack after hours, the upscale retailer cutting their

0:15.9

full-year sales forecast, facing an inventory glut, we're going to go inside those numbers.

0:21.8

Then later, a whistleblower at Twitter, a former employee alleging that execs misled

0:27.7

the board and the public about spam bots, security, and more Twitter firing back, could

0:34.4

this help you on Musk ditch his bad bird deal?

0:37.8

I'm Joe Kernan.

0:38.8

In fact, as you know, in from a little league, getting used to this, but not too much.

0:44.2

This is fast money.

0:45.2

Live from the NASDAQ market site on the desk tonight, Steve Grasso, Guy Adami, Karen

0:50.6

Feynman, and I didn't see you yesterday, Brian.

0:53.9

You came in, the crypto is a little better today, so you're in a good mood.

0:57.7

Brian Kelly.

0:58.7

Yeah.

0:59.7

Yeah.

1:00.7

A little better.

1:01.7

What about the merge?

1:03.6

You got to explain the merge to me.

1:05.0

Can you do that?

...

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