Financials Hit Hard In Sell-Off… And Tesla’s Reputation At Risk 3/6/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 6 March 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Trade War concerns sending stocks plunging, as the Nasdaq enters correction territory. But it wasn’t just Tech getting wrecked. How the financials are faring, and how some of the biggest banks are getting hit the hardest. And Global backlash over Elon Musk taking a toll on Tesla. Why one leadership expert says a CEO split could push the EV maker back in the right direction. Fast Money Disclaimer

Transcript

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0:00.0	Life in the NASAC market site and in the heart of New York City's Times Square, this is fast money.
0:07.1	Here's what's on tap tonight.
0:08.5	Stocks in sell-off mode.
0:09.8	The NASAC back in correction territory is more uncertainty over tariffs takes hold.
0:13.8	How much pain is left to come and how can you protect yourself from this pullback?
0:17.7	And Tesla Troubles shares the EV maker down more than 10% just this week.
0:22.3	The CEO Elon Musk, two wrapped up in Doge to give his company the attention it needs.
0:27.0	We'll debate that. All that plus, Broadcom on the move after earnings, a look at the state of the
0:31.4	consumer ahead of the jobs report tomorrow, and Netflix gets chilled, while the streamer finally
0:36.5	got swept up in the market route.
0:38.7	I'm Melissa Lee coming to you live from studio via the NASDAQ on the desk tonight.
0:42.1	Tim Seymour, Karen Finerman, Dan Nathan, and Guy Adami.
0:45.3	We start off with the washout on Wall Street.
0:47.5	Stocks falling again today.
0:49.2	As trade war fears and more back and forth on tariffs hit investors hard.
0:53.5	The Dow nearly erasing all of yesterday's
0:55.2	rebound, down more than 400 points. The SNP 500 shedding almost 2%, now down a percent since the election.
1:02.5	The NASAC dropped more than 3 percent at its lows, closing at its worst level since early October.
1:07.6	The Tech Heavy Index now in correction territory, down more than 10% from its
1:12.8	December highs. Consumer discretionary tech and communication services seeing the biggest sector
1:17.9	losses today. And in terms of specific stocks, recent high flyers deep in the red today,
1:22.8	Palantir, Vistra, and Constellation Energy are the biggest losers. Smallcaps also crushed.
	...

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