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CNBC's "Fast Money"

Stocks drop,Tesla tumbles, and gold shines as investors get defensive 4/21/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 21 April 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

The Mag 7 all dropped sharply to kick off the week and chip stocks fell across the board. Tesla heads into earnings under pressure. And President Trump ramped up his attacks on Fed Chair Jerome Powell. We’ll get thoughts from Former Cleveland Fed President Loretta Mester. Plus, gold hits another record high, Uber faces a new lawsuit, and Disney gets a bullish call. 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.

0:03.1

This is fast money.

0:04.2

Here's what's on tap tonight.

0:05.5

Another Monday selloff.

0:06.9

The major averages slump while the dollar continues its slide.

0:09.7

And with the president ramping up his attacks on the Fed chair and the bite of tariffs taking hold,

0:14.2

is there a catalyst out there that can kickstart a rebound?

0:17.1

We'll debate that.

0:17.8

Plus, is the record-breaking running gold, the ultimate sell America

0:21.5

signal? Should investors be more and more worried as gold rises higher and higher? We'll go inside

0:26.2

the numbers. And later, the options action on Tesla ahead of tomorrow's results. Ugg, that's what

0:31.2

shareholders of Decker's are saying about the stock right now. And why is one Wall Street firm

0:35.4

actually bullish on Disney right now? I'm Melissa Lee,

0:38.5

coming to you live from studio, be at the NASDAQ on the desk tonight, Tim Seymour, Karen Feinerman,

0:42.3

Dan Nathan, and Guy Adami. We start off with stocks going back into sell-off mode to start the week.

0:47.0

The SPB dropping 2.4%, catching us lowest levels since April 9th and back down 12% for the year. The Dow dropping more than 1,300 points at its

0:55.6

lows of the day, and the tech-heavy NASDAQ, leading the losses with more than a 2.5%

0:59.8

decline. But major indices all close off their worst levels of the session. Meanwhile, Treasury

1:04.6

yields headed higher with a 10-year yield back above 4.4%. The dollar touching its lowest in more

1:10.5

than three years, and gold hitting its 24th record of the year above $1.4%. The dollar touching its lowest in more than three years and gold hitting its

1:12.5

24th record of the year above 3,400 for the first time. All this is tariff policy and the

1:18.7

president's attacks on Fed Chair Jerome Powell throw the economic outlook into more uncertainty,

...

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