The Ripple Effects of the Crowdstrike Outage and Counting Down to a Big Week of Earnings 7/19/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 19 July 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Crowdstrike sinking after it’s identified as the cause of a major tech outage that impacted industries across the globe. We dig into the effects and the next steps for guarding the U.S. tech infrastructure. Plus Alphabet, Tesla, Chipotle just some of the names reporting earnings next week. What you should expect from these reports. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nesac Market site in the heart of New York City's Times Square, this is fast money.
0:06.8	Here's what's on tap tonight.
0:08.3	Cyber Shock shares a crowd strike plunging as the company finds itself at the heart of a massive global tech
0:13.6	outage what it means for the software stock its competitors in the US's
0:17.1	tech security infrastructure and alphabet tessa and Chipotle oh my
0:21.9	earning season kicks into high year next week, and we are diving
0:24.8	into the options pits to bring you the trades on all of these stocks.
0:27.8	Plus, Starbucks catches the eye of one activist investor, Bitcoin clocks in its best week since March, and volatility hits a
0:34.8	nearly three month high in what was a very eventful week in the markets.
0:39.8	I'm Melissa Lee coming to you live from the studio of Theat the Nasak.
0:42.1	I'm the death tonight.
0:42.8	Tim Seymour, Courtney Garcia, Bono, and Isen, and Mike Co.
0:46.2	And we start off with the tech outage that send shares a crowd strike plunging as much as
0:50.1	15% today, a glitch in the rollout of a software update royal operations
0:54.0	across industries airlines grounded or canceled flights banks and healthcare
0:57.9	services were disrupted and TV broadcasts went offline. Oh my gosh!
1:02.1	Oh my gosh.
1:02.6	Oh my gosh the world is ending.
1:03.6	But seriously IT experts calling it quote the largest IT
1:08.4	outage in history.
1:09.8	C. M. C. M. C. M. C.
1:10.3	C. M. C. C. C. C. C. C. C. C. C. C. C. Callbacks got the very latest. Hey, Mel, yeah.
	...

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