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CNBC's "Fast Money"

Janet Yellen is Back as Joe Biden’s Treasury Secretary Pick and the Christmas Countdown is On

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 23 November 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

Markets rising on news Joe Biden is set to nominate former Fed chair Janet Yellen as his Treasury Secretary. What that means for the market and his economic policy. Plus we’re just 31 days from Christmas. The surprising report on how strong holiday season sales could be.

Transcript

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0:00.0

I'm Melissa Lee and this is Fast Wanting tonight's trader line up Guy Dami

0:04.6

Tim Seymour Dan Nathan and C Grosso tonight on Fast

0:07.4

Overcooked that's what Morgan Stanley's Mike Wilson is calling this market

0:11.0

while he says we could be due for a big pullback plus snap takes calling this

0:15.0

market,

0:21.0

market, what he says we could be due for a big pullback.

0:14.0

Plus, Snap takes the spotlight, the company rolling on a new service to take on Tik-Tok

0:18.0

by one of our traders thinks this could be a big bet that pays off.

0:21.0

And later, we are counting down to Christmas with a good

0:24.4

old-fashioned game of Shop at or drop, but find out which retail stocks belong on

0:29.2

this year's naughty or nice lists. We start off with late breaking news on President-elect

0:33.8

Joe Biden's Treasury Secretary Pick. Let's get right to Steve Leisman who's

0:37.2

got the details. Steve.

0:40.8

Thanks very much.

0:42.0

Melissa, see NBC independently confirming that President

0:47.2

like Joe Biden will nominate former Fed Chair Janet Yellen to be

0:49.9

Treasury Secretary, a story first broken earlier today by the Wall Street Journal.

0:53.6

If confirmed Yellen and internationally regarded economist, would be the first woman's Secretary

0:57.9

in the Treasury's 231-year history.

1:01.0

She would be the second Fed Chair to hold the post of Treasury

1:04.3

Secretary. Here's some of the highlights of a long career as an economist and a

1:08.4

public servant. First woman to Fed Chair from 2014 to 2018 raising inequality to an issue that the Fed should deal with.

...

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