Stocks Drop After Historic Rally… And Banks Ready To Kick Off Earnings Season 4/10/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 10 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks Drop After Historic Rally… And Banks Ready To Kick Off Earnings Season Description: Stocks slump, bonds spike, and oil prices slide after yesterday’s massive rally. How Wall Street is sounding the alarm on a possible recession, and where you can hide out when even traditional safe havens aren’t working. Plus Taiwan Semi stumbles, the latest calls on auto stocks, and why one top bank analyst isn’t letting all the negative sentiment surrounding financials get in the way of his outlook. Fast Money Disclaimer

Transcript

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0:00.0	Life in the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:06.5	Here's what's on top tonight. Relief meets reality. Stocks get back a chunk of yesterday's massive gains and terror fears persist.
0:13.5	Bond yields remain stubbornly high and the dollar continues to weaken. Do investors need to get used to these daily market mood swings? We'll debate that.
0:25.7	Plus, a data center downgrade with members of the Mac 7 already signaling a spending slowdown.
0:30.6	Will the market turmoil shrink the AI building boom even more? We'll go inside the numbers.
0:37.7	And later, bracing for the bank's earnings. Earning season starts tomorrow with JPMorgan, Wells Fargo, Morgan, Sannley, Black Rock, all reporting.
0:41.8	Will the guide and settle or rattle investors' frayed nerves? We'll break that down.
0:46.2	I'm Melissa Lee. Come to you live from Studio B at the NASDAQ on the desk tonight. Mike Co. Karen Feinerman, C. Grasso, and Chris Verone, partner and chief market strategist at Stratigas, a Baird Company. We start off with another wild ride on Wall Street. The SAB dropping more than 6% at its lows as optimism over yesterday's tariff pivot began to fade. Though the index closed well off its lows, it was still down 3.5% at the end of the day. Other major indices following suit with the Dow dropping as much as 2,100 points in finishing more than a thousand
1:11.7	lower at the close. The NASAC down more than 7% at its worst levels of the day.
1:16.5	Meantime, 10-year treasury yields trekked higher, trading back above the 4.4% mark.
1:22.1	Rates on the benchmark note have risen more than 50 basis points since Monday's low.
1:27.2	So what does it move in the traditional safe haven assets amid this period of heightened volatility
1:32.2	tell you about the markets and where we are?
1:35.0	Karen, I'll go to you.
1:36.2	We missed you for a couple days here.
1:37.9	You're back.
1:38.5	What did I miss?
1:39.3	I was aware.
1:40.2	I was well aware.
1:41.1	I mean, we were just talking before the show.
1:43.0	I mean, it feels very different to have up 2,900 and then down 1,000 is way worse than up
1:51.0	1900 and flat.
	...

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