4.3 • 1.2K Ratings
🗓️ 8 August 2025
⏱️ 44 minutes
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0:00.0 | Live from the NASDAQ market site in the heart of New York City's Times Square, this is |
0:05.9 | Fast Money. Here's what's on tap tonight. Apple's big week, the iPhone maker continuing its run with |
0:11.0 | another 4% gain today and powering the NASAC to a new record. Is Apple heading the all-time |
0:16.0 | highs itself? And will it bring the rest of big tech with it? And magical, Madrigal, the company, pharma company, serving 14% this week on the back |
0:24.4 | of earnings and strong demand for its first commercial product. |
0:27.2 | We'll talk to the CEO about the outlook and what's next for this biotech. |
0:30.7 | Plus, gold shines hitting an all-time high. |
0:33.3 | The trade desk sees second 30-plus percent drop in just this year. |
0:37.1 | And out of the ether, the second biggest crypto clawing back above the 4,000 mark. We dive into the mood and the other names riding the coattails. I'm Melissa Lee. Come to you live from the studio, be at the NASDAQ. On the desk tonight, Bono and Eisen, Carter Worth, Tim Seymour, and Mike Coe. We start off with a seemingly unstoppable Apple. The iPhone maker has now gained 13% in the last three days and just put together its best week since July of 2020. |
1:01.7 | Since News Wednesday, it was investing more in the U.S. and avoiding tariffs on its India manufactured products. |
1:07.5 | It has gained $410 billion in market cap. Today's move finally gets it back above |
1:12.4 | its Liberation Day close, now trading nearly five-month highs. The move in Apple helping power |
1:17.5 | the NASAC to a record close, the S&P and Dow also both sharply higher today. But even with |
1:22.4 | recent gains, Apple is still down more than 8% this year behind only Tesla as the worst performing Mag7 stock this year. |
1:29.9 | And it remains nearly 12% below its all-time high hit just after Christmas. |
1:34.0 | So has Apple really gotten its mojo back? |
1:37.8 | Bonoen, what do you say? |
1:39.3 | Part of it. |
1:40.7 | I mean, it's like, what is that movie, Gold Member, where the guy lost his mojo? |
1:46.7 | So I think they do in terms of them actually kind of meeting and exceeding expectations in terms of service revenue, in terms of, like, iPhone in China. |
1:57.2 | I think there were some positives there. |
1:58.9 | I do think the overhang here is what is their AI strategy? And until we have a question, until we have that question answered, I think it's tough to really say that they truly do have their mojo back. And certainly in terms of them being a tech leadership and taking us to a new all-time high. So I think there's still a bit of a challenge there. I do think a lot of the |
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