FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
According to RiverTwice president Zach Karabell, forget what’s happening in the US and look at what’s happening around the globe.
There’s bad news from Brazil to London. For example:
- Brazil's Real is down 29% in 3 months
- UK homes prices dropped 8.6% in October
- UK unemployment has hit an 11-year high
- Germany GDP is down 0.5% this month
- Russia's Micex slipped 53% in 3 months
It’s this very spate of negative headlines that prompted the White House to say that the weekend meeting of the G20 in our nation’s capital was “timely.” And according to Karabell a real solution could be coming.
“It is in the self interest of the holders of capital to make sure the system doesn’t implode,” says Karabell.
The G20 meeting brings together key emerging-market countries like China, India, Brazil and South Africa with the so-called Group of Seven industrial nations to examine the causes of the current market turmoil.
The nations will attempt to agree upon specific measures for calming anxious financial markets. Investors are hopeful that the results could help restore battered confidence by showing key developed and emerging-market countries are working in tandem.
"We expect that leaders will want to come to an agreement on an action plan identifying specific implementation measures," said Dan Price, assistant to the president for International Economic Affairs, at a White House briefing.
Not everyone is enthusiastic about the outcome of this historic meeting. Critics have suggested the Bush administration's lame-duck status means it will be unable to commit to longer-term reforms that would have to be taken up by a government led by President-elect Barack Obama, who will take office next January 20.
We’ll be watching.
- Your First Move For Friday November 13th
- Web Extra: Options Action Suggests Next Tech Takeover
- Lions Gate Chairman 'Interested' In MGM
- Pops & Drops: Dow Chemical, The Buckle...
- Chartology: Rally Losing Steam?
- Gaming Activision
- Is Euphoric Market Ignoring Warning Signs?
- Disney Magic After Hours
- Halftime Report: Has Tech Hit A Key Inflection Point?
- Your First Move For Thursday November 12th
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .
Trader disclosure: On Nov.13, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MSFT), (UUP), (WMT), (DIS), (MGM); Finerman's Firm Owns (MSFT), (UNH); Finermans Firm Owns (OIH) Puts; Finerman's Firm Is Short (IJR), (IYR), (IWM), (MDY), (SPY), (USO), (BBT), (VNO), (COF), (USO); Pete Najarian Owns (AXP) Put Spread; Pete Najarian Owns (CROX) Call Spread; Pete Najarian Owns (FXI) Put Spread; Pete Najarian Owns (LVS) Call Spread; Pete Najarian Owns (MU) Calls
GE is the parent company of CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes