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CNBC's "Fast Money"

Markets Drop as Stimulus Hopes Fade, and IBM Kicks Off Q3 Tech Earnings Season

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 19 October 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks suffered a steep slide in the last 90 minutes of the trading day as hopes for a COVID relief bill seemed to fade. Plus, shares of IBM on the move after its latest earnings report. The traders break down what they’re expecting as more big name tech start to report.

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Melissa Lee and this is Fast Money.

0:03.7

Tonight's trader-dami, Tim Seymour, Dan Nathans, and James McDonald,

0:07.7

CEO of Hercules Investments.

0:09.2

Tonight on Fast, we are all over the after-hours action and shares of IBM. That stock is lower as a company's earnings called gets underway. We are listening in. We'll bring you all the big headlines.

0:18.0

Plus, we will tell you what just happened at our nation's airports that has not happened since March and why it's really

0:24.0

good news for the airlines and later James has taken amount to pitch his next

0:27.9

best idea he says this e-commerce stock is beating Amazon in every way.

0:32.8

Find out if it belongs in your shopping cart.

0:35.2

When we start off with a stimulus slide,

0:37.0

stock selling off in the final 90 minutes of trade.

0:39.5

Has House Speaker Nancy Pelosi held a phone call

0:41.7

with Treasury Secretary Stephen Minutian.

0:44.0

Let's get the latest with Elon Moy.

0:46.6

Elon, what's going on here?

0:48.4

They've agreed to talk again?

0:51.4

Well, that's right, Melissa. We know that their phone call at 3 p.m. lasted for just under an hour

0:56.7

and Pelosi's office sounded fairly positive after it was over on Twitter her

1:01.5

spokesman said they continued to narrow their differences

1:04.4

and that the speaker has tasked committee chairs to reconcile those

1:07.4

differences with their GOP counterparts on key areas. Now Pelosi and the

1:11.7

Treasury Secretary will speak again tomorrow and by the end of

1:15.3

the end of that 48 hour deadline that Pelosi had imposed, they should have some clarity

...

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