S&P Hits New Record Ahead of the “Most Important Fed Meeting” of Powell’s Tenure

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 14 June 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P and Nasdaq inched to new highs to start the week, but all eyes are on the Fed, which begins its two day meeting tomorrow. How will the central bank respond to the latest read on inflation, and what will it all mean for the markets? Plus Maroon 5 getting in on the NFT and crypto crazes with its latest album. We’re joined by the band’s Jesse Carmichael to find out what’s behind the move.

Transcript

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0:00.0	From the Nasdaq in New York, this is Fast Money.
0:04.6	I'm Brian Sullivan, informally welcome your trader line up tonight, Dan Nath,
0:08.8	Guyadami, Tim Seymour, and Karen Fineman.
0:12.0	Tonight on Fath.
0:13.2	Despite a record close for the S&P 500,
0:16.0	and Accords Tony Dwyer is out with a big warning to investors ahead of this week's
0:20.2	big-fed decision, what that is and where to invest right now ahead.
0:25.0	Plus, buckle up.
0:26.5	We're trading not one, not two, but three big headlines in the auto sector.
0:31.2	What they are and how our traders are riding the news.
0:34.6	And later on, check this.
0:37.0	Maroon 5, Jesse Carmichael is here.
0:40.0	Van just dropped the new album with the first of its kind crypto component.
0:43.9	They're hoping it moves like Jagger.
0:46.8	Jesse, I want this exclusively to break it all down.
0:50.7	All right, welcome everybody.
0:52.0	Good to have you with us on this Monday and so much to do tonight.
0:54.9	Look at that, the numbers.
0:56.2	Not huge moves, but enough to make a record high.
0:58.5	And let's start with that and your money because the record closed for the S&P
1:03.2	and the NASDAQ composite.
1:04.8	Technology, getting some love and helping lift us to all time highs.
	...

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