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CNBC's "Fast Money"

What Happens When the Leaders Crumble, and What’s Next for Fintech. 05/19/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 19 May 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks unable to stage a comeback after yesterday’s sell-off and the weakness continued in a couple key areas of the market. What that says about the strength of the markets. Plus the former head of Square Capital weighs in on the future of fintech. 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

Right now on Fast Markets Unable to come back after yesterday's sell-off of major indices

0:06.0

ending the day well in the road.

0:07.2

The S&P less than 50 points from a bear market.

0:10.2

And the weakness in a couple key names could send a big warning sign for what is still

0:13.5

to come.

0:14.5

Plus, the future Fintech payment stocks catching a bit today will investers keep charging

0:18.4

into the space.

0:19.4

We'll be joined by the former head of Square Capital to get some answers.

0:23.1

And later, hold off Twitter execs to the employees hope that a deal with Elon Musk will

0:27.8

happen.

0:28.8

Dig into the latest drama in what it could mean for the company.

0:31.4

I'm Melissa Lee.

0:32.4

This is Fast Money Life for the Nasak Market.

0:34.1

I did the Harder Times Square on the desk tonight.

0:36.5

Karen Feinerman, Dan Nathan, Tim Seymour, and Bono and Ison.

0:39.9

We start off with another day of selling on the street, the S&P 500 ink inching ever

0:44.1

closer to bear market territory, dropping another half a percent and take a look at the

0:48.5

continued weakness in what used to be pillars of the market, target, Walmart, Apple, Coca-Cola,

0:53.7

all mega-cap names dropping today, adding to their losses for the week.

0:57.9

On the flip side, check out these soaring stocks, Shopify, Rivian, Zoom video, and more

1:03.5

high multiple stocks in full rally mode.

1:06.0

So what does this tell you about what this is so called, safer stocks continue to crumble

...

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