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CNBC's "Fast Money"

Fast Money 05/14/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 14 May 2020

⏱️ 46 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

Fast Money Stars

0:02.0

Stars Right Now, I'm Melissa Lee tonight's trader line up Guy Dami, Tim Seymour, Steve Grosso, and Karen Finerman coming up on fast.

0:08.0

Pilot problems, what Delta just said about the future that could signal more headwinds for the troubled airline industry.

0:13.6

Plus the gold miners rallying today or traders will break down how they are playing

0:17.6

this big move and later making the bacon.

0:20.1

How breakfast is given a nice sizzle to this fast food stock. But we begin with the big

0:25.0

bounce for the banks. The financials leading today is charged rallying more than 2.5 percent.

0:29.7

And check out this movement in Wells Fargo, the stock climbing nearly 7% a day and reports that

0:34.0

Goldman Sachs is considering acquiring the bank. Now we don't normally talk

0:37.9

about rumors or speculation except when the stock moves on it and it did.

0:42.6

So Tim, what's your take on the action in Wells Fargo?

0:45.0

What's your take on a possible M&A deal?

0:51.4

Well, this kind of news, first of all, this rumor was out a couple days ago in the market

0:55.8

and certainly market participants didn't do anything with this news yesterday because we talked

1:00.3

about the down move.

1:01.9

This deal makes a lot of sense if you think

1:03.4

about the environment, especially the environment over the last couple years for

1:06.9

both of these players. I think this deal would be a ridiculously difficult deal,

1:11.4

even if we're just going hypotheticals to get through on the

1:14.2

regulatory side. So I don't think either one of these have a lot of friends in

1:17.9

Washington. I do think and again this is not me saying that this is just my sense

1:22.4

of where this would be but

...

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