Three Bad Omens for the Market? And Big Tech and Hollywood Tackle U.S./China Tensions 4/5/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 5 April 2023
⏱️ 44 minutes
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| 0:00.0 | Right now and fast, House Speaker Kevin McCarthy meeting with Taiwan's president of the Reagan |
| 0:05.4 | Library, this is other members of Congress meet with entertainment and tech execs. |
| 0:09.3 | To talk about US-China relations, we'll break down what kind of blowback could be coming |
| 0:13.4 | from Beijing. |
| 0:14.4 | Plus, one of our traders is all charged up about a name we rarely mention on the desk. |
| 0:18.8 | Maybe we've never mentioned that. |
| 0:20.7 | We'll find out what it is and why he thinks this stock could power higher even as it sits |
| 0:25.1 | close to all-time highs. |
| 0:26.8 | One later, inside the cost cuts at FedEx, Tesla's rough three-day slide and stunt in growth |
| 0:31.7 | in some of the tech names. |
| 0:33.0 | I'm Melissa Lee. |
| 0:34.0 | This is Fast Money Relive with the Nasdaq Market site on the desk tonight. |
| 0:36.5 | Karen Feinerman, Dan Nathan, Julie Beale, and Guy Dammy. |
| 0:39.5 | And we start off with the three big omens in the market right now. |
| 0:43.5 | First, there is gold, the seminal safety trade, prices touching their highest level since |
| 0:48.4 | March of last year in early trade, as fears of a recession grow, gold miners add their |
| 0:53.2 | highest since May. |
| 0:54.8 | And then there's rates dropping across the board with the yield in the 10-year-end, |
| 0:57.9 | it's lowest level since September. |
| 0:59.7 | The spread against a three-month T-bills, why does it's been in at least 40 years? |
| 1:04.6 | And finally, banks continuing their slide lower, the KRE Regional Bank ETF, taking out |
| 1:09.6 | its lowest close of the year and now it levels not seen since November 2020. |
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