Bitcoin goes bust, and could the latest COVID variant hit U.S. retail?

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 8 June 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin prices falling to their lowest level since February as the crypto’s role in the Colonial Pipeline hack raises the threat of increased regulation. Plus, could a shipping backlog caused by the latest variant of the coronavirus take a bite out of the U.S. retail world, just as the consumer is finding his footing again?

Transcript

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0:00.0	Live from the Nasdaq market site, overlooking New York City's Times Square, this is Fast
0:06.2	Money.
0:07.2	It's good to be back here at the Nasdaq.
0:08.2	I'm Courtney Reagan, filling in this evening for Melissa Leif.
0:11.3	Tonight's Trader lineup, Dan Nathan, Karen Fireman, Guy, Adami, and Tim Seymour.
0:16.4	Tonight on Fast, Bitcoin goes bust.
0:19.0	Price is crashing below the $32,000 mark for the first time since February, with a crypto's
0:24.3	role in the colonial pipeline hack, meaning the world's about to change for the digital
0:28.7	coin.
0:29.7	Plus, Lordstown hits a major roadblock, the headline that sent shares of the EV Maker plenging
0:34.8	at the end of the day, and well into the after-hours trade too.
0:38.4	And move over AMC, there is a new favorite stock with Redditors, we will tell you what it
0:42.7	is, and what options traders think is next for this name in the potential meme game here.
0:50.0	But let's start with the latest on the colonial pipeline hack with CEO Joseph Flunt heading
0:54.3	to Capitol Hill to testify on the breach.
0:56.9	For all of the latest details, let's get to Amin Jabbars.
1:00.1	Hi Amin, good evening.
1:01.7	Yeah, hi, Courtney.
1:03.6	This hearing was really about examining two decisions that Joseph Flunt made at colonial
1:07.3	pipeline.
1:08.3	One was the decision to shut down the pipeline altogether, and then the other one was
1:12.7	that controversial decision about paying the ransom.
	...

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