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CNBC's "Fast Money"

Fast Money Special Edition: The Five Biggest Market Stories This Week

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 16 October 2020

⏱️ 45 minutes

🧾️ Download transcript

Summary

From Apple’s 5G iPhone launch to Amazon rewriting the calendar for holiday shopping, we count down the five biggest stories for the market this week in a special edition of Fast Money.

Transcript

Click on a timestamp to play from that location

0:14.6

Welcome Mad Money Fans, Jim is off tonight, but you are in luck. We've got a bonus hour, fast money coming your way, but with a twist, we are calling it the Fast Five. We are counting down the top five stories of the week. With us tonight, Gaidami, Tim Seymour, and Brian Kelly. Let's get straight to it. Coming at number five,

0:19.7

did Amazon just rewrite the countdown to Christmas.

0:22.6

That's right, there are 69 shopping days left until Christmas,

0:27.3

but the sleigh bells are already ringing,

0:29.2

and that's because Amazon hosted its annual Prime Day in October for the first time ever.

0:33.7

The Move, sending other retailers scrambling to launch competing sales way ahead of the traditional

0:39.6

starts to the holiday shopping season, which would be Black Friday.

0:45.0

Seismicks, Gaya Dami, to this calendar here?

0:50.0

Seismic Shift, does it surprise you though, Mel, I mean mean you were starting to talk about the holiday season in June.

0:55.0

And every year it just gets ratcheted further and further back. It's making me crazy.

1:00.0

I submit, and maybe I'm old old school that there should be a moratorium on

1:04.9

everything you just mentioned until after Thanksgiving the Saturday after

1:09.0

Thanksgiving that to me is the official start of the holiday season.

1:13.0

No, it's not Bah Humbug.

1:14.2

That's actually more holiday focused

1:17.6

and more holiday friendly than what's going on now.

1:20.0

All that said, Amazon is rewriting the script. I guess in some ways good for them.

1:25.0

Yeah, I mean we had sales from Walmart, Target during the week Tim.

1:30.0

What does that do to the pace of how consumers spend, especially in light of this weird

1:35.2

environment we are in, which is an expectation of stimulus, but no actual stimulus here?

1:42.1

Well, we may be the land of

1:43.0

misfit toys tonight, but there's no question that

...

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