meta_pixel
Tapesearch Logo
Log in
CNBC's "Fast Money"

The Great Commodity Collapse, and the Latest Read on the Reddit Craze

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 9 August 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

From oil to gold to lumber, commodities continued to see prices drop on Monday. The traders debate what signal this sends to the market and to the Fed. Plus AMC reporting earnings after the bell. We break down the latest numbers from the Reddit-favorite stock.

Transcript

Click on a timestamp to play from that location

0:00.0

Live in the Nasdaq Markets, I'd overlooking New York City's Times Square.

0:04.0

This is Fast Money. I'm Melissa Lee.

0:05.7

Tonight's Trader Line Up, Karen Feinerman, Dan Nathan, Tim Seymourn, Pete Najarian,

0:09.8

co-founder of Markthorabellion.com.

0:11.5

Tonight on Fast We're all over the after-resaction shares of AMC, the reddit favorite stock,

0:16.0

just kicking off its latest earnings call.

0:17.8

We're listening in, bringing you all the headlines.

0:19.7

Plus, the K-web China ETF times higher, recooking some of its recent losses today,

0:25.2

but one notable name sat out this rally, what it says about the sector.

0:29.6

And later, a chance for crypto.

0:31.6

Rocker Jeans Simmons has been betting on the digital currency craze and is becoming one

0:35.9

of the big bulls on Dogecoin.

0:37.8

You're here to tell us why he's so positive on the crypto space.

0:40.9

But we start off with a great commodity collapse.

0:43.2

Crude oil falling to its lowest level since the end of May.

0:46.1

Gold at its lows at the session was at prices not seen since April of last year.

0:51.3

Silver is now down more than 8% in just the past week.

0:54.8

Copper and lumber, you know, also down.

0:57.2

So does this commodity sell-off give you cause for concern?

1:00.7

Or is it a sign that inflation will be transitory, as the Fed says?

1:05.2

Dan, what do you think?

1:06.2

Well, I think it tells you that they think, or at least investors selling off crude,

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2025.