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CNBC's "Fast Money"

Apple’s Sweet Gains… And Eli Lilly Drops After Reporting 8/7/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 7 August 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Apple seeing another day of gains, as investors pile in after CEO Tim Cook’s appearance in the oval office. How the tech giants U.S. investment is putting it in President Trump’s good graces, and if the stock’s climb will continue. Plus Shares of Eli Lilly plummeting after the pharma giant posted disappointing results for its weight loss pill. What one top health care analyst sees in store for the stock, and the next move in the weight loss drug race. Fast Money Disclaimer

Transcript

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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 fast money.

0:09.0

Here's what's on tap tonight.

0:10.5

D.C. moves how words out of Washington sent two legacy tech stocks in very different directions today,

0:16.1

what it means for manufacturing, AI, and more.

0:18.6

Plus, under the weather, Eli Lilly's seeing its worst day since

0:22.4

the turn of the century, as disappointing data on its obesity pill overshadowed strong earnings.

0:27.9

What's a trade on the stock now and what does it mean for competitor, Novo Nordisk?

0:32.0

And a slew of after hours movers from payments, to social platforms, to casinos and more.

0:36.2

We've got the details behind all of tonight's after the bell earnings. I'm Melissa Lee. Come to you live from Studio B at the NASDAQ. On the desk tonight, Tim Seymour, Courtney Garcia, Karen Feinerman, and Dan Nathan. We'll get to President Trump's calls for our CEO change at Intel in just a few minutes, but we start off with another sizable move and shares of Apple. The iPhone maker gaining another 3% today after its 5% jump yesterday.

0:58.9

The stock has now added $250 billion in market cap in just two days.

1:03.9

That is bigger than a whole IBM.

1:07.1

The move coming after CEO Tim Cook appeared in the Oval Office with Trump yesterday

1:10.5

to announce that Apple is investing in additional $100 billion to bring manufacturing back to the U.S.

1:16.7

Is the recent momentum in Apple a sign that the long struggling stock is getting re-rated?

1:23.1

Timothy, I will start off with you because you brought up this notion that maybe Apple is moving out of the slump that it's been in because of this lift from President Trump.

1:32.7

Although you used my full given name, so I feel like I'm in trouble. But yeah, I think there's a chance here.

1:38.4

I think it's less about the headlines, the pictures in the White House, the chumminess.

1:45.0

I think Tim Cook has done a fantastic tactical job on his relationship with the White House

1:50.0

as one of the companies that's probably doing more manufacturing outside of our borders.

1:55.0

But I do think going back to the quarter we just had, the dynamic here is you had 10% revenue growth. The street

2:01.9

was at 4, 13.5% iPhone sales well ahead of where the street was, gross margins that are going

2:07.8

higher, especially in Europe and in Asia. It's a story where the services revenue, I think, is very

...

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