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CNBC's "Fast Money"

Fast Money 05/19/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 19 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

That's money starts right now. I'm Melissa Lee. Tonight's trader

0:03.7

lineup Guyadami, Tim Seymour, Steve Grasso, and Karen Feinerman coming up on

0:07.4

Fast. California Governor Gavin Newsom calling on Congress for an additional

0:11.6

one trillion dollar pandemic relief package.

0:14.8

We'll talk to him about that, plus what Elon Musk told him about pulling Tesla out of California.

0:20.0

Also ahead, former Home Depot CEO Bob Nardelli says we are in the middle of an economic

0:24.7

tsunami and we are understating just how big the damage will be. And later, Check Out Chairs

0:30.1

of Beyond Meats soaring in today's session. One Wall Street firm sees a 25% rally ahead.

0:35.1

So should you fight into this name?

0:37.4

But we begin with the news that moved the market.

0:39.4

That news pouring some cold water

0:41.0

on the promise of a Moderna coronavirus vaccine, the report saying,

0:45.1

according to the vaccine experts had interviewed, there's really no way to know how impressive

0:49.7

or not the vaccine may be while Moderna Blitz, the media it revealed very little information.

0:55.8

Most of what it did disclose were words, not data.

1:00.6

That report sent stocks tumbling.

1:02.1

Look at the market reaction when the story hit just around 3 p.m. Eastern time stock sold off sharply into the close.

1:08.0

Close at the lows of the session, Moderna of course, finishing the day sharply lower.

1:12.5

Guy Dami.

1:14.4

The Hope Rally was fueled by Moderna,

1:16.4

and here we have the decline in the markets

1:20.1

because of Moderna. Yeah, and it's disappointing, number one, and I'm not a clinical research scientist,

...

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