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CNBC's "Fast Money"

Why It May Not Be “All Clear” For the Market, and What’s Next for Bitcoin 11/16/23

CNBC's "Fast Money"

CNBC

Business, News, Investing

3.91.3K Ratings

🗓️ 16 November 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Markets lost steam after some disappointing earnings from Walmart, a weakening in homebuilder sentiment and worse-than-expected jobless claims numbers. So was the rally we saw to start the week premature? Plus Grayscale is getting closer to approval for converting into a bitcoin ETF. What it means for the company and for the digital asset. Fast Money Disclaimer

Transcript

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0:00.0

Live in the Nasak, Mark is out in the heart of New York City's Times Square.

0:04.8

This is fast money. Here's what's on tap tonight. Walmart, Wallop,

0:08.4

shares seeing their worst day in over 18 months despite posting an earnings beat. Was this stock already priced to

0:14.0

perfection or was this company telling the true tale of the consumer? Plus, Baba

0:18.1

breakdown, the Chinese tech giant, posting its lowest closed since May after shelving

0:22.4

its hotly anticipated cloud spin-off. its

0:23.3

lowest closed since May after shelving its hotly anticipated cloud spin-off.

0:24.4

It was just yesterday that one of our traders said he was positive on the deal.

0:27.7

Now what is he doing with shares?

0:29.5

And later, a formula for success.

0:31.5

Liberty Media made a big bet on Formula One racing six years ago.

0:35.0

Has it paid off and what could it say about the value of live sports?

0:39.0

I'm Melissa Lee coming to you live from Studio B at the Nazac on the desk tonight. Tim Seymour, Dan Nathan, Guyadami, and Kristen... G. may have gotten a little head of themselves this week, shares of Walmart diving 8%, their worst

0:54.4

day since May of last year, the big box retailer posting an earnings beat, but gave cautious guidance

0:59.4

for the holiday quarter.

1:00.6

But that wasn't the only reason for concern. New data showed home builder

1:04.0

sentiment fell to its lowest point in a year. Oil prices have dropped 5% as a rise

1:08.6

in inventory suggested slowing demand and weekly jobless claims climb to a

1:12.3

nearly two-year high. So does this all

1:15.0

mean that the soft landing investors seem to want to be price in into the

1:19.0

markets, maybe a little harder than hoped. Guy. Yes yes I mean it's interesting so the answer

1:25.4

I think is yes I mean the data suggests that things are slowing down the

...

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