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CNBC's "Fast Money"

What “Higher for Longer” Means for the Markets and Economy 12/14/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 14 December 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

The Federal Reserve raised rates to their highest level in 15 years and chair Jay Powell suggests the central bank will keep hiking through next year. So what does this mean for the markets and, specifically, the growth trade? Plus Shark Tank’s Kevin O’Leary joins us straight from his Capitol Hill testimony on the FTX collapse. What he told Congress and what his take on crypto is now. 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 in fast and fed, hiking interest rates to their highest level in 15 years.

0:06.0

Chair Powell telling the markets rates will be higher for longer.

0:09.0

So, does this mean growth will be lower for longer?

0:12.0

Plus, Tesla's unlucky 13.

0:14.0

The stock now down nearly 13% this week in over 55% this year.

0:19.0

Still retail investors?

0:20.0

They keep filing in.

0:21.0

We'll go inside the numbers.

0:22.0

And later, a shark on the hill, a shark hangs Kevin O'Leary, testifying before the

0:25.8

Senate on the collapse of FTX.

0:27.8

He will join us in detail.

0:28.8

What he thinks led to the collapse of SDS Empire.

0:31.8

And we'll ask him how he and so many investors got duped in what the new CEO called a straight-up

0:38.3

embezzlement scam.

0:39.3

I'm Melissa Lee.

0:40.3

This is Fast Money Live at the Nasalek Market site.

0:42.3

On the death tonight, Tim Seymour, Karen Feierman, Diodami, and Michael Contapolis of Richard

0:46.3

Bernstein Advisors.

0:47.3

And we start off with a volatile market reaction to the fed's latest policy move, major indices

0:52.1

ending a two-day win streak after Fed share Jerome Powell dashed hopes that a pivot was

0:56.8

imminent and suggested the central bank would keep raising rates through next year.

1:01.1

The Dow dropping more than 400 points at its low.

...

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