When Will China Be Investible Again, and Biden Looks to Crack Down on Big Oil 10/31/22

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 31 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

From Shanghai to Macao, China upping its Covid restrictions, shutting down theme parks and stranding guests at casinos. What does it mean for the country’s economy and investments in the region? Plus President Biden laying out plans to tax big oil company profits. Does the measure stand a chance at passing? And how should you trade the energy names 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

Click on a timestamp to play from that location

0:00.0	Right now, in fast new COVID lockdowns in China from Shanghai to Macau, Taurus are
0:06.7	trapped, resorts shut as cases spike, and in parts of Wuhan, Beijing and Jiangzhou, new
0:11.6	curbs are now in place, as China's latest zero-COVID push adding to the fear that the
0:15.6	country is uninvestable for American business.
0:18.5	Plus, President Biden bashing big oil set to call for a windfall prop attacks on American
0:23.4	energy giants.
0:24.4	Is this just an empty political threat ahead of next week's election?
0:28.2	And later, the billion dollar by fire, Tillman Partita taking a 6% stake in wind, the
0:33.2	stock popping.
0:34.2	What's a casino in hospitality mogul's next move will break that down.
0:37.5	I'm Melissa Lee.
0:38.5	This is fast money relived with the Nasdaq Market site on the dust night.
0:41.1	Tim Seymour, Karen Feynman, Dan Nathan, and Guy Adami.
0:44.0	And tonight, we start off at the latest COVID lockdown in China, Shanghai Disney shutting
0:48.0	down as new cases of the virus spike in the region.
0:50.9	Visitors at the park stranded there, unable to leave until they present a negative COVID
0:54.7	test.
0:55.7	A while in Macau, guests at the MGM Cotai Casino were on lockdown after a dealer tested
1:01.8	positive, a single dealer.
1:03.9	The latest curve's economy is China doubles down on its zero-COVID policy, and what
1:07.9	will more shutdowns by Beijing, mean for the country's economy, and what possible ripple
1:12.3	effects could it have closer to home?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.