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CNBC's "Fast Money"

Fast Money 11/12/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 12 November 2018

⏱️ 45 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

Yes it does. Fast money starts right now. Live from the NASDAQ market site

0:05.2

overlooking New York's Times Square. I'm Joe Kernan in for Melissa Lee

0:09.2

feeling pretty comfortable here pretty much at home. Thank you. You lent us this desk for a

0:14.4

while before we moved downstairs on a squat box. These guys are my friends here,

0:18.3

Pete Nigerian, Steve Grass, O'Brien Kelly, and Tim Seymour. I wish it was a better reason for us to be together tonight,

0:25.4

but it's not.

0:26.0

We're gonna start with the market sell off.

0:28.1

Once the market started selling today,

0:30.4

it really didn't let up the Dow sinking 600 points closing near the lows of the day

0:35.5

the loss is accelerating as it seems to do in the last hour of trading tech leading the way

0:40.6

big time to the downside N net back weaker than the other averages

0:44.4

for more on the wild day on Wall Street let's get to Bob Fasani for the details

0:48.1

Robert.

0:49.1

Hello there Joe good to see you the market is boxed in due to the problems with the Fed and

0:54.1

global growth those are the two issues today's decline in tech can't be

0:58.9

blamed exclusively on Apple all right it was down 5% Lumentum one of Apple's facial recognition suppliers reduced its outlook for the

1:05.7

quarter citing a reduced shipment request from one of its biggest

1:09.3

customers which everyone assumes is Apple probably correctly.

1:12.8

Other Apple suppliers, Corvo, serious logic,

1:15.7

JBL.

1:16.1

They were all weak, along with big semiconductors like AMD,

1:19.2

and Vidia, and ST Micro.

...

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