Stocks Reverse On Tariff Updates… And Billionaire Investor Stays Plugged Into Tesla 3/11/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 11 March 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks climbing back from more losses as investors get some tariff headline relief. The latest on U.S.-Canada relations, and how the tariff suspension will impact the markets from here. And Staying Plugged In. Why billionaire investor Ron Baron is standing firm on Tesla, and refusing to sell shares, even with shares of the EV maker more than 50% off its 52-week high. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:05.6	Here's what's on tap tonight.
0:07.0	A roller coaster ride on Wall Street today.
0:09.1	The S&P briefly falling more than 10% from its closing record, rallying on potential tariff relief in progress on a Ukraine-Russia ceasefire, and then selling again into the close.
0:18.3	Where do we go from here?
0:19.2	We'll debate that.
0:19.9	And is Apple the most interesting chart in the market,
0:22.6	the iPhone maker officially erasing all of its post-election gains
0:25.7	by the move has one of our traders intensely watching this name.
0:29.4	Plus, Novo Nordisk hits levels not seen in more than a year.
0:32.5	Two airline stocks move in very different directions
0:34.8	and how market volatility is impacting retirement planning.
0:38.6	I'm Melissa Lee. Come to you live from Studio B at the NASDAQ on the desk tonight.
0:41.9	Bono and Eisen, Dan Nathan, Guy Adami, and Mike Co. We start off with that wild ride for the market
0:46.7	stock staging a mid-afternoon comeback after Canadian officials temporarily suspended a 25%
0:52.1	surcharge on electricity put on in response to U.S. steel and aluminum tariffs.
0:57.0	News that Ukraine agreed to a U.S.-led ceasefire, if Russia accepts, bolster the rebound as well.
1:02.6	But the major averages couldn't hold their gains into the close.
1:05.0	The NASDAQ, S&P, and Dow all ending in the red, the Dow finishing down nearly 480 points.
1:09.8	We are expecting more comments from the
1:11.9	president this hour on tariffs and potentially the markets when President Trump speaks at the
1:15.9	business roundtables quarterly meeting in just a few minutes. In the meantime, let's get to Megan
	...

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