Did UPS just deliver the real read on inflation? And digging in to the “naked short” issue

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 9 June 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

UPS shares dropping on Wednesday after the company issued a big warning on margins. So are rising cost pressures a sign that inflation is a bigger problem than the market realizes? Plus “naked shorting” has become a hot-button issue with the Reddit crowds. But is it really happening, and what can be done about it?

Transcript

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0:00.0	Live from the Nasak Market
0:02.0	side overlooking New York City's
0:03.0	Times Square. This is fast
0:04.0	money. I'm Melissa Lee.
0:05.0	Tonight's Trader Light and up
0:06.0	Karen Finerman, Dan Nathan,
0:07.0	Tim Seymour, and Guy
0:08.0	Dommie tonight on fast.
0:09.0	The three words that
0:10.0	sent the apes bananas.
0:12.0	Naked shorts, yeah.
0:15.0	Yeah, that was it.
0:19.0	So the question is, are
0:20.0	Naked shorts driving
0:21.0	wild swings in AMC?
0:22.0	You will hear from one
0:23.0	former top SEC
0:25.0	enforcement lawyer who says
0:26.0	it is happening in the
0:28.0	market.
0:29.0	What he is seeing, what he
0:31.0	says needs to be done to
	...

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