Why Are Risk Assets Rallying? And When AI Falls in Love 2/16/23

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 16 February 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are plenty of reasons to believe the Fed when it says rates will stay “higher for longer” – hot inflation, a strong consumer, and the talk from all those central bankers. Then why don’t risk assets want to believe what they’re hearing? Plus Bing’s AI-powered chatbot is showing its feelings – and it’s not always pretty. What one reporter learned from his interactions with Microsoft’s bot. Fast Money Disclaimer

Transcript

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0:00.0	Right now and fast, new signs of market should get ready for spring rate hikes instead of a spring pause.
0:05.4	One voting member now pushing for even more aggressive tightening as soon as the next meeting.
0:09.6	Is this the thing that could derail this recent bull run? Plus Microsoft's AI alter ego and
0:15.4	unnerving series of exchanges with the bean chatbot revealing some disturbing desires,
0:21.1	hacking, manipulation, even breaking up marriages. Are these AI oddities just early days to
0:27.0	pick up or something more troubling? And later, are you ready for some more football that
0:31.4	see you have reached TV will join us to break down his company's new deal to bring every NFL
0:36.0	game to an airport near you. Plus his take on the state of the ad market and streaming.
0:40.6	I'm Melissa Lee. This is Fast Money Relive with the Nasdaq Market site. I'm the desk tonight.
0:44.0	Tim Seymour, Dan Nathan, Bato and Ison, and Guy Adami. And we start off with another
0:48.5	red hot inflation report. Producer Price is jumping in January. The latest sign that Fed
0:52.9	has more work to do cooling down the economy. The news comes on top of continued strength
0:57.4	from the consumer. Retail sales rising more than expected last month. Plus a new report from
1:01.6	the New York Fed showing credit card debt is at record levels. And then there's this.
1:07.4	St. Louis Fed president James Buller, just saying he would not rule out a 50 basis point rate hike
1:13.2	at the central bank's next meeting. A more aggressive move than many expect. And another nod
1:18.0	to the central bank's higher for longer mantra. In risk assets, thank you, Bradley.
1:22.4	And check out the moves and high multiple stocks just this week. Fastly jumping in other 15%
1:26.8	today is now at more than 60%. Since Monday, Roku, Airbnb and Twilio, also posting big games.
1:32.5	Even Bitcoin seems strength briefly climbing back above the 25,000 mark in the final hour of the day.
1:37.5	The market seemed to be waking up to what the Fed is throwing down. But how long will that wake
1:42.2	up call last? Finally, the market responded to him. It's it's crazy if you think about the
	...

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