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Snap Sends Warning Shot to Investors 7/21/22

CNBC's "Fast Money"

00:00

Are We Afraid of What's Happening Now?

I think we've all been somewhat steadfast since that fed meeting on june fifteenth. I think we all thought the mark had been overdone. Forty one red and ys and p's been a level that i thought we would overshoot to. But there's no question, where a peak labor? We're at a place where when capitalis free, companies can grow commeties could spend at any cost. And so you heard from snap and youe heard about hay workging to do what we can in terms of cutting cost. It almost seems like that's the bar that's been set.

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