Pfizer Under Fire and an Alibaba Beatdown

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 11 November 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Eyebrows raised on Wall Street as Pfizer’s CEO sold 60% of his stock the same day his company announced positive COVID vaccine news. What to make of the timing of that trade. Plus Alibaba posting record sales during its Singles Day holiday, but is there trouble ahead for the Chinese e-commerce giant?

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money.
0:03.6	Tonight's Trader lineup.
0:04.5	Guy Dahmy, Tim Seymour, Karen Feinerman and Dan Nathan tonight on Fast,
0:08.1	Pfizer Under Fire, the company's CEO unloading 60% of his stock. The same day he announced huge news on a COVID vaccine
0:15.6	we'll find out what really happened here plus a baba beat down forget
0:19.4	singles day shares tumbling in overseas trade will break down the real story
0:22.4	and the real risk of investing in China Tech
0:25.3	and later it's fast food of the future what Chipotle just unveiled that is a true sign of the times.
0:37.0	But we kick things off at the countdown to Christmas. Yes, we are just 43 days away from the most wonderful time of year. We found out today that Goldman Sachs believes in Santa.
0:44.4	Yes, the Big Bank upping.
0:46.4	It's S&P 500 year end price target to 3,700 from 3,600.
0:50.6	And it doesn't end there.
0:51.5	Goldman thinks the Santa rally will continue into next year,
0:55.0	setting a 2021 year end price target of 4,300.
0:59.0	So the question we are asking tonight,
1:01.0	is Santa Claus really coming to town or the Grinch Steel Christmas?
1:05.9	Guy.
1:06.9	Well, for you folks with kids in the room, I'll give you a few seconds to have them leave.
1:13.0	Three, two, one.
1:15.0	He ain't coming.
1:16.0	So I'm in the Grinch camp.
1:18.0	By the way, Bobby Helms who sang Jingle Bell Rock,
	...

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