The Latest Fed Decision… And Starbucks Gets Roasted 5/1/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 1 May 2024
⏱️ 44 minutes
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| 0:00.0 | Live from the NASDAQ Market site in the heart of New York City's Times Square, |
| 0:05.7 | this is fast money. Here's what's on top tonight. The Fed bounce and bobble. |
| 0:10.0 | Stocks initially jumping after the Central Bank Chair said a rate hike was unlikely to be its next move |
| 0:15.3 | but the rally losing steam into the close what sparked that pullback and is this just a sign |
| 0:19.6 | that the volatility is not behind us plus Plus sinking Starbucks, the stock falling nearly 18% |
| 0:25.6 | at the lows of the day, the CEO getting to a very testy exchange with |
| 0:29.1 | Kramer this morning. Is there any reason to still be bullish on this stock? |
| 0:32.8 | We'll talk with one analyst who's holding on to their buy rating. |
| 0:36.0 | And later, Pfizer shares catch a bid after earnings, |
| 0:38.3 | New York Community Banks surprises investors |
| 0:40.4 | with a clear path to profitability |
| 0:42.4 | and big moves from Qualcomm and |
| 0:43.8 | Zillow in the after hours for breaking down all the results. I'm Melissa Lee |
| 0:47.4 | coming to you live from studio be at the Nasak on the desk tonight. Tim |
| 0:50.0 | Seymour Karen Finner and Steve G, and Michael Kontopoulos, |
| 0:53.1 | Director of Fixed Income at Richard Bernstein Advisors. |
| 0:55.6 | Welcome, Michael. |
| 0:57.0 | And we start off with that boomerang action in stocks |
| 0:59.4 | after the Fed news conference. |
| 1:00.7 | The S&P initially soaring more than a percent but pulling |
| 1:03.4 | back sharply in the last hour of trading to close in the red. The NASDAQ had been |
| 1:07.7 | up nearly 2 percent at the highs also finished lower. |
... |
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