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On The Tape

MRKT Call: This Time Tomorrow...

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 2 May 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Tuesday, May 2nd - Bank Bust $JPM $KRE $BKX - Fed meeting kicks off - US Job Openings Fall, Signs of Labor Market Softening - Dan’s 10-year futures trade - $SBUX earnings preview MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube

Transcript

Click on a timestamp to play from that location

0:00.0

Dan, what do they call it when you bury the lead? I think you spell lead, L-E-D-E.

0:20.0

Yeah, they call it bearing the lead.

0:21.5

They call it that.

0:22.4

That's odd.

0:23.4

Yeah.

0:23.6

Well, I'm not going to do that on this market call.

0:25.6

By the way, it is 1 p.m. on the East Coast.

0:28.1

Again, the only time zone that truly matters.

0:30.4

I'm Guy Dami, Dan Nathan.

0:32.1

This is market call, of course, brought to you by CME Group, where risk meets opportunity. Of course,

0:39.3

our data provider is always facts at financial data and analytics powered by tomorrow.

0:45.2

And the reason why I say, you know, you're not going to bury the lead here, it appears as though,

0:49.4

and we're going to talk about it at length, the market is, in fact, the lead. But the true lead

0:53.8

took place last night

0:55.0

at the Prudential Center where the New York Rangers were summarily beaten by the Devils of

1:00.9

New Jersey. Four-zip final game probably wasn't that close. The Rangers go home for the summer

1:05.8

in a season where there are a lot of expectations. Now, I'll say this, Dan, and I'm going to

1:09.5

turn it over to you. I have said since the beginning of my time that typically in a seven-game series, the best team

1:17.3

emerges victorious, and that happened last night. The only time, Dan, that it did not, was the

1:23.1

1960 World Series. Maybe Doug Cass is watching. He'll recall that the Pirates of Pittsburgh beat the

1:27.9

Yankees 4-3. But the games that the Yankees won 16 to 3, 10-0, 12-0, complete domination. The Pirates

1:35.8

won one-run game, two-run games, of course, culminated with the great Bill Maserowski

...

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