Goliath vs. Goliath: What Amazon’s Entry into Pharmacy Means For Walmart

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 17 November 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In the latest battle between major retailers, Amazon is launching a pharmacy delivery service. Will it prove to be a major factor in the battle between retail giants? Plus Twitter takes on Snapchat and Instagram with its latest offering, and the CEO of cannabis company Trulieve breaks down the company’s record quarter.

Transcript

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0:00.0	All right, thank you, Wilfred, Sarah, and Mike Santoli.
0:03.4	I am Dominic Chu in for Melissa Lee, and this is the big show. Fast Money.
0:07.0	Tonight's Trader lineup, Guy Adami, Tim Seymour, Dan Nathan, and Karen Finerman.
0:12.8	Tonight on the show, a Tuesday, time out.
0:16.1	Stocks pulling back from their all-time highs
0:18.2	and one market professional is sounding the alarm
0:21.8	on some recent high flyers the names on her watch list. Plus, break
0:26.7	out the candles. It's been a decade to the day since General Motors IPO, so what's going on and what's going to drive this stock for the next 10 years.
0:37.0	And later on, Bitcoin's back. The cryptocurrency is surging to its highest level in nearly three years.
0:43.8	We will find out what's behind that big move in Bitcoin.
0:47.4	But first we start with
0:49.8	Goliath versus Goliath.
0:52.0	The big battle between two retail behemoths intensifying today.
0:57.0	Amazon, taking new aim at Walmart by launching an online prescription fulfillment service.
1:02.9	It is called, yes, Amazon Pharmacy.
1:05.4	It delivers free, it offers free delivery for Prime members.
1:09.2	This is new for Amazon, but Walmart has long offered home delivery on certain prescription products.
1:16.6	Today's news is the latest in that growing turf war between the two retail giants.
1:21.7	So who is the better bet in the Battle Royal for
1:25.5	consumer dollars? Guy Adami I turn to you first for this. Walmart, Amazon who you
1:30.5	got?
1:33.0	Well, first of all, Dom, it's great to have you.
	...

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