4.3 • 1.2K Ratings
🗓️ 7 March 2025
⏱️ 44 minutes
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0:00.0 | Live in the NASAC market site in the heart of New York City's Times Square, this is fast money. |
0:07.2 | Here's what's on top tonight. |
0:08.6 | A major market reversal. |
0:10.1 | The SB hitting nearly six-month lows before staging a sharp midday turnaround. |
0:14.3 | What sparked the comeback and can markets keep the momentum coming next week? |
0:18.0 | And a meta meltdown is stopped getting precipitously close to |
0:21.2 | erasing all its gains since that historic 20-day winning streak. We make sense of the move |
0:26.1 | and what it says about the state of big tech. Plus a big box busts for Costco after earnings. |
0:30.9 | What came out of the White House's first crypto summit and opportunities overseas, how traders |
0:35.3 | are playing the rallies in markets outside the U.S. |
0:38.3 | I'm Melissa Lee coming to you live from Studio B at the NASDAQ on the desk tonight. |
0:41.8 | Tim Seymour, Bono and Ison. |
0:43.3 | Welcome back. |
0:44.3 | Steve Grasso and Mike Coe. |
0:45.3 | We start off with that midday reversal, which capped off a wild week for stocks. |
0:49.3 | The S&P dropping more than a percent at its lows of the session before rebounding to end more than a half a percent |
0:54.4 | higher. Still, it was the index's worst weeks since September. The initial Friday sell-off coming as |
0:59.9 | investors digested a weaker than expected jobs report. The U.S. economy expanding payrolls by 151,000 |
1:05.5 | in February less than the 170,000 expected. The unemployment rate edging higher while wages rose less than expected. |
1:13.0 | But comments from Jerome Powell seemed to turn things around midday, the Fed chair saying the central |
1:17.3 | bank can wait to see how President Trump's aggressive policy actions play out before it moves again |
1:22.9 | on interest rates. The president weighing in again earlier today saying reciprocal tariffs on Canada and |
... |
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