Appeals Court Upholds TikTok Ban… And UnitedHealth’s Worst Week Since 2020 12/6/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 6 December 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Social stocks gaining momentum as an appeals court upholds the law requiring a ban or sale of TikTok. What it means for the likes of Meta and Snap… and when the social media platform could get blocked. Plus UNH notches its worst week since before the pandemic. The fallout from the company’s CEO’s murder… and how the company will move forward from here. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.
0:05.4	Here's what's on tap tonight.
0:06.6	TikTok, TikTok.
0:08.0	US regulators have stepped closer to forcing a sale or ban of the viral video app, and it's
0:12.2	having a big positive impact on some names here at home.
0:15.5	Will these trades still be the ones to bet on in the new year?
0:18.4	We'll debate that.
0:19.5	And stretch valuation shares of Lulu-Levin
0:22.4	seeing their best day since 2018 on the back of earnings last night. But with the stock up a whopping
0:26.9	75% from August lows, is it in danger of pulling a muscle? Plus, the United Health sees its worst
0:33.1	week since 2020. Chevron makes some cuts to its spending plans. And we're live at the Reagan National
0:38.1	Defense Forum with the CEO of Air Environment. I'm Melissa Lee. Coming to you live from Studio
0:42.4	Bia at the NASDAQ on the desk tonight. Sea Grasso, Bono and Ice and Guy Dami, and former
0:46.4	Bridgewater Chief Strategist, Rebecca Patterson. Welcome, Rebecca. And we start off with new
0:50.7	records for the NASDAQ and S&P, led by some major momentum in mega-cap stocks.
0:54.6	Amazon surging nearly 3% today, meta of more than a percent, both stocks, as well as Apple
0:59.9	hitting all-time highs during the session, though the iPhone maker ended the day just in the
1:04.4	red.
1:04.8	And it wasn't just big gains today.
1:06.6	The so-called Mag 7 have added a combined $872 billion in market cap just this week.
1:13.8	And now a new ruling from an appeals court could be a catalyst for even more gains.
1:17.8	Julie Borson's got all the details. Hey, Julia.
	...

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