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WHEN: Today, Tuesday, February 10th
WHERE: CNBC's "Fast Money"
Following is the unofficial transcript of breaking news from CNBC's Scott Wapner. Following is a link to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000353286.
All references must be sourced to CNBC.
SCOTT WAPNER: HEY THERE, MELISSA. WELL, DAVID TEPPER, AS YOU KNOW, HAS BEEN IN THE NEWS TODAY BECAUSE OF THE STORY YOU ALL WERE JUST DISCUSSING A FEW MOMENTS AGO RELATED TO GENERAL MOTORS AND I SPOKE WITH HIM. AND WHILE HE WOULDN'T COMMENT ON THAT, TELLING ME THAT THE STATEMENT SPEAKS FOR ITSELF, THAT IS THE STATEMENT THAT APPALOOSA PUT OUT JUST A SHORT TIME AGO. WE DID SPEAK ON THE RECORD ABOUT THE SITUATION IN GREECE AND WHAT THAT ALL MEANS FOR THE MARKETS, IN WHICH HE TOLD ME, AND I'M QUOTING HERE, A DEAL WOULD OBVIOUSLY BE GOOD FOR THE MARKETS, TEPPER TOLD ME, BUT I THINK THE MARKET COULD SURVIVE EVEN IF IT GOES THE OTHER WAY. WHEN I ASKED HIM WHAT HE MEANT BY SURVIVE, TEPPER TOLD ME STOCKS COULD FALL TWO, THREE, MAYBE FOUR PERCENT, BUT IT IS NOT A BIG DEAL. THE MARKET WILL BE FINE THIS YEAR. THOSE ARE TEPPER'S WORDS. AS YOU GUYS KNOW, THERE IS THIS BIG GAME OF CHICKEN GOING ON BETWEEN GREECE AND THE EU/GERMANY. GREECE WANTS A NEW DEAL, THE EU AND GERMANY SAYING NO WAY. THEY ARE PROBABLY GOING TO GET SOME KIND OF AN EXTENSION, BUT THERE IS THIS BIG MEETING TOMORROW AS THEY TRY AND REACH A DEAL. THE MARKETS ARE WATCHING CLOSELY. TEPPER IS CERTAINLY ONE BIG MARKET MOVER AND HEDGE FUND MANAGER WHO IS WATCHING THE SITUATION CLOSELY AS WELL. BUT THINKS, GUYS, AT THE END OF THE DAY, THAT IT IS REALLY NOT GOING TO BE THAT BIG OF A DEAL EVEN IF THEY CAN'T GET AN AGREEMENT RIGHT NOW SAYING STOCKS COULD FALL TWO, THREE, MAYBE FOUR PERCENT, BUT THE MARKET IS GOING TO BE JUST FINE.
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