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CNBC's "Fast Money"

The Chart Master Goes Shopping for Gains, and Is Boeing Ready for Liftoff?

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 16 October 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Retail sales jumped more than twice what was expected in September, but will consumer strength last through the holidays? The Chart Master has some picks for stocks that are feeling the Christmas spirit. And one European regulator says the 737 Max is now safe to fly, but will it be in the air this year?

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Melissa Lee and this is Fast Money.

0:03.4

Tonight's Trader lineup, Brian Kelly, Pete Nigerian, Steve Grosso,

0:06.2

in Bono and Eisen.

0:07.2

Tonight on Fast, ready for lift off.

0:09.3

Could Boeing's embattled 737 Max Jet be getting closer to getting back in the air the surprising report

0:14.7

from one European regulator. Plus chairs of cat clawing their way towards record highs.

0:19.6

What's behind this rise and how much further can they go from here we'll get some answers.

0:24.0

And at 6 p.m. a special edition of the Fast Five, we are counting down the biggest stories of the week

0:28.2

from bank earnings, the stimulus, and bringing you the trades.

0:30.9

We start off tonight with a big blowout for retail

0:34.0

sales growing more than twice as fast as expected in September. This despite some big

0:38.7

headwinds for the consumer. Continue layoffs, economic uncertainty, the lack of additional stimulus from Congress.

0:44.8

So can this consumer remain resilient?

0:48.4

Pete, throw anything at the consumer?

0:50.4

Seems like he or she will continue to spend.

0:53.0

It does seem that way.

0:55.0

It's amazing, Mela, and by the way, nice to see you.

0:58.0

I got to tell you something, I think when you really break it down,

1:00.0

it's about a couple of different things.

1:01.0

Stimulus still has the possibility that's out there and I think

1:04.4

by the time we get either two or just after the elections I think we'll start to see a little

1:09.4

bit more stimulus if we don't see it any sooner than that that'll help but anybody who's got

...

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