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CNBC's "Fast Money"

What a Difference a Month Makes, and Ford’s CEO Lashes Out at the UAW’s Leader 9/29/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 29 September 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Rates climbed rapidly in September – so did oil prices and volatility – combining to make for an ugly month for stocks. So as we get ready to embark on what’s usually the best time of year for the markets, what should we expect? Plus the battle between Big Auto and the UAW is heating up, with the head of Ford saying the union leader is holding a deal hostage. What it means for any resolution to the standoff. Fast Money Disclaimer

Transcript

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0:00.0

Live in the Nasdaq market site in the heart of New York City's Times Square.

0:04.6

This is fast money.

0:05.7

Here's what's on tap tonight.

0:06.8

A September to remember, maybe one to forget.

0:09.5

The rapid rise in rate sending stocks sharply lower this month.

0:12.7

And it's not the only one catching our attention.

0:15.4

What will it mean as we head into the final quarter of the year?

0:18.2

Plus a new playbook.

0:19.7

That is what one China expert says the U.S. needs to deal with Beijing in the months and

0:24.1

years to come.

0:25.1

You will explain the new X's and O's straight ahead.

0:28.1

And later, taking on Big Pharma shares of this little known biotech soaring to their

0:32.8

latest, to their highest level since going public today, all because of what it is doing

0:37.1

in.

0:38.1

You guessed it, the weight loss space.

0:39.4

I'm Melissa Lee coming to you live from Studio B at the Nasdaq on the desk tonight.

0:42.8

Tim Seymour, Carter Worth, bottom in ice and Steve Grasso.

0:46.7

And we start off with the last training day of the month with a look at just how much

0:50.0

things have changed in the month of September.

0:51.8

And if he kicked off the month, the yield in the 10-year treasury was less than 4.1%.

0:57.4

It's risen nearly 50 basis points since then, hitting levels not seen nearly 16 years.

1:02.5

Oil also in rally mode, jumping nearly 9% in September, it's fourth straight month

...

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