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CNBC's "Fast Money"

Fast Money 03/01/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 1 March 2018

⏱️ 44 minutes

🧾️ Download transcript

Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.

Transcript

Click on a timestamp to play from that location

0:00.0

We have the big aluminum companies in the United States and they've been very unfairly

0:07.0

treated by bad policy, by bad trade deals, by other countries, they've been horribly treated by other countries. They've been horribly treated by other countries and they have not

0:16.0

been properly represented. So we're going to build our steel industry back and we're going to build

0:21.6

our aluminum industry back and we're going to build our aluminum industry back.

0:23.3

All right, those were the words that took down the market today.

0:31.3

The Dow sinking more than 400 points. At one point it was down nearly

0:35.3

600 at the lows. The Dow now negative on the year the S&P and NASDAQ also closed lower by more than 1%. The president's word put the fear in

0:44.0

investor's hearts that a trade war could be coming. Maybe it's already here and it

0:48.4

all comes amid turmoil within the administration itself. Has President Trump gone from being the market's best friend

0:55.6

to its biggest risk?

0:57.8

Gaiadami.

0:58.8

You know, it's interesting.

0:59.8

It's easy to blame the president for this.

1:00.9

And I'm not an apologist either way.

1:02.1

I'm not going to play politics, but he's doing everything he said he's going to do 18 months ago so if you're surprised by this you've been living under some rock somewhere so I don't think it's entirely his fault and this started a week and a half two weeks ago, by the way.

1:13.4

I think it's got a lot to do with the Fed, a lot to do with the market that's probably

1:16.7

gotten themselves off sides in terms of volatility, and a lot to do with the emerging markets

1:21.0

and markets overseas that are sort of turning over to the wrong side.

1:24.4

So he had season to blame him, Trade Wars, I get it, that added fuel the fire, but this was going

1:28.8

on long before he opened his mouth today.

1:30.6

If you give him the credit, Dan, when the market goes straight up, then maybe he gets some of the blame when the market goes down, particularly as a policy comes out, at least an announcement of an expected policy change that's controversial.

1:45.0

Yeah I think let's just talk about this last few months on the money up until

...

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