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CNBC's "Fast Money"

The Most Important Charts in the Market, and What the Latest Crypto Hack Means for the Digital Currency 8/3/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 3 August 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks rallied in a big way on Wednesday, breaking a two-day down trend. But the traders have their picks for the charts you really should be watching. Plus millions of dollars worth of Solana crypto were stolen in the latest hack to hit the industry. What that says about the safety of these holdings. 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

Yes, it is right now on Fast Money, a sea of green on Wall Street as major indexes snap

0:06.5

their two day losing streaks, but there's a couple of charts that could tell the true

0:10.6

story of where the market is heading from here and we're going to show you and tell you

0:14.5

what they are.

0:15.5

Plus, another massive hack hitting the crypto world, millions of dollars of an Ethereum rival

0:21.0

stolen, what it all means for the future of digital currencies.

0:24.7

And then later, a stealth rally stock, this mega cap, not a mega cap, name has quietly

0:31.9

risen in 14 of the last 16 trading days.

0:34.9

It's up nearly 50% from its may lows.

0:38.4

We're going to tell you what it is and how you should play it.

0:40.7

I'm Joe Kernen, informal, this is Fast Money, live from the NASDAQ market side in the

0:46.5

heart of Times Square and on the desk tonight.

0:49.1

Karen Feinerman, Steve Grasso, both decided to put out to return to work.

0:55.3

And then I won't say slackers, but Guy Adami and Bono and I said, nice enough to join

1:01.5

the party as well.

1:03.0

And we appreciate you being here.

1:04.0

Guy, I haven't seen you in a while, I was hoping you were going to actually be here,

1:08.0

make the effort, but it's good to see you nonetheless.

1:10.8

And plus, Guy, the last time that I stayed home, Joe didn't call on me for a good 14 years.

1:15.1

I forgot about him.

1:16.1

I totally forgot about him.

1:17.6

That was actually on the show as well.

...

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