About this episode

The episode discusses a significant market downturn and features insights from Mike Schumacher on future stock movements and Fed rates.

A bleak day for markets as the Dow, S&P 500 and NASDAQ all tumble to wrap up the week. The semi stocks leading the sell-off, and if this is the start of a broader pullback. Head of Macro Strategy at Wells Fargo Mike Schumacher lays out where he sees stocks heading next, and gives his take on what this means for Fed rates. Plus, details behind SpaceX’s blockbuster IPO next week, Boeing production reaching new heights, Apple’s Siri makeover, and how retailers could benefit from an AI buildout. Fast Money Disclaimer

People in this episode

Host: CNBC

Guest: Mike Schumacher

Topics covered

• market trends
• stock analysis
• IPO news
• technology updates
• economic outlook

Keywords

• stocks
• market downturn
• IPO
• AI
• Fed rates

Mentioned in this episode

Organizations: Wells Fargo, SpaceX, Boeing, Apple

Products: Siri

Places: Dow, S&P 500, NASDAQ

More episodes of CNBC's "Fast Money"

• SpaceX IPO Soars in Trading Debut… And Looking Ahead to Warsh’s First Fed Meeting 6/12/26 · June 12, 2026 · 43 min
• Stocks Surge On Potential End Of War… And Countdown to SpaceX Public Debut 6/11/26 · June 11, 2026 · 43 min
• Markets Drop As Uncertainty Rises… And Oracle Reports Results 6/10/26 · June 10, 2026 · 44 min
• A Decline in Chip Stocks Becomes Market Sell-off… Where Tech Sector is Heading 6/9/26 · June 9, 2026 · 44 min
• Headlines From Apple’s WWDC… And Will Markets Recover from Recent Pullback? 6/8/26 · June 8, 2026 · 43 min
• A Market Rotation Underway… And Reaction to LuluLemon’s Latest Results 6/4/26 · June 4, 2026 · 44 min

Explore listener stats, chart rankings, contacts and more on the CNBC's "Fast Money" podcast page.