# Stocks Tumble To Wrap Up Week… And Tim Cook’s Last Developer’s Conference 6/5/26

Page: https://stenobird.com/podcast/cnbc-s-fast-money-385199/stocks-tumble-to-wrap-up-week-and-tim-cook-s-last-developer-s-conference-6-5-26
Text version: https://stenobird.com/podcast/cnbc-s-fast-money-385199/stocks-tumble-to-wrap-up-week-and-tim-cook-s-last-developer-s-conference-6-5-26.md
Podcast: [CNBC's "Fast Money"](https://stenobird.com/podcast/cnbc-s-fast-money-385199)
Published: 2026-06-05T22:20:35+00:00
Episode link: https://www.cnbc.com
Audio file: https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/b7b89f33-e5b5-46a6-9e42-7f843e9567e5/episodes/55244449-1dea-4ca0-825d-32ec291e4b17/audio/128/default.mp3?aid=rss_feed&awCollectionId=b7b89f33-e5b5-46a6-9e42-7f843e9567e5&awEpisodeId=55244449-1dea-4ca0-825d-32ec291e4b17&feed=szW8tJ16
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Duration seconds: 2589

## Resource

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

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