4.3 • 1.2K Ratings
🗓️ 20 March 2025
⏱️ 43 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Live in the NASDAQ markets, I'm in the heart of New York City's Times Square. |
0:03.1 | This is fast money. |
0:04.1 | Here's what's on tap tonight. |
0:05.3 | An earnings bonanza today. |
0:06.7 | Nike swooshing higher, but FedEx doesn't deliver the numbers and trades behind those stock moves and more. |
0:12.2 | Plus, Tesla fallout from protests and vandalism at the showrooms to a big endorsement from the sitting Commerce Secretary, the EV maker front and center for the Trump administration, |
0:21.7 | will the stock continue to suffer with Elon not holding the wheel? |
0:25.5 | And a Celtic slam dunk, Boston's basketball team making a deal for what would be a record valuation, |
0:31.3 | the number, the buyer, and what it can mean for the storied franchise. |
0:35.0 | I'm Melissa Lee. Come to you live from studio B at the NASDAQ on the desk tonight. |
0:38.2 | Tim Seymour, Karen Feynman, Steve Grasso, and Guy Dami. |
0:41.6 | And we start off with a big night, very big night of earnings. |
0:44.6 | Nike FedEx, Lenar, Micron, all out with their latest numbers in the past hour. |
0:48.5 | We've got full-team coverage on those numbers. |
0:50.8 | Frank Holland standing by on FedEx. Diana Oleg is all over the home builder. |
0:54.3 | Christina Parsneville is watching the chip space. We start off with Sarah Eisen on Nike. Those |
0:59.0 | shares are higher. The conference call kicking off moments ago. Sarah, what's the latest? |
1:02.9 | Well, the important thing here to remember, Melissa, is that we are in the very early stages |
1:07.5 | of Elliott Hill's new CEO tenure. This is his first full quarter, and Nike has a big turnaround job to do ahead. But what we learned today is that there's some early signs of progress, and these numbers were actually better than expected, what Hill is calling his win now strategy. So here are the highlights. Revenue beat. North America looked better, only down 4% on sales. But we're still looking at overall revenue declines of about 9%. 17% in China, 15% in digital. The earnings beat, it was a big EPS beat that was driven by cost because margins came in a little bit light. I did speak with Matt Friend, the CFO of Nike, and he pointed to a number of things |
1:45.6 | when it comes to the progress, the Peg Premium, which is a new running shoe. The launch there was strong. |
1:50.7 | He also pointed to some signs of cultural relevance in sports. For instance, the first Super Bowl ad |
1:55.3 | that Nike did in decades catering to women's market. They showed up big at the NBA All-Star Games, |
... |
Transcript will be available on the free plan in -6 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.