Apple’s Weakness Finally Hits The Market… And The Obesity Battle Budget Impact 3/5/24

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 5 March 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple’s slide continues as the stock’s drop drags the Nasdaq lower. Is today’s market action the break in euphoria? Or can stocks shake off the losses? Plus… Slimming in the waist, but expanding in the budget. Could the weight-loss drug battle cost consumers and the government $1 trillion? Fast Money Disclaimer

Transcript

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0:00.0	Live for the Nasak Market site in the heart of New York City's Times Square.
0:05.0	This is Fast Money. Here's what's on tap tonight.
0:07.0	Bruze and battered shares of apple slumping now down nearly 12% for the year and a major drag on the markets today.
0:14.6	iPhone troubles in China, falling behind an AI.
0:17.2	Those are just a couple of the barecase talking points.
0:19.8	We'll get the bullish take coming up.
0:21.5	Plus, a coming obesity obesity bomb why a former Obama economic aid is warning the
0:26.2	boom and weight loss drugs could become a government budget buster if something
0:30.2	isn't done and soon to fix this pricing problem.
0:33.3	The traders are set to weigh in on this one,
0:36.0	pun unfortunately intended.
0:37.3	Yes.
0:38.3	And later, Bitcoin's record-breaking rise
0:40.0	and big-time retreat targets retail recovery
0:42.4	and major stock pop and bringing generative AI to the insurance business
0:46.1	I'm Melissa Lee come to you live from Studio B at the Nasdaq on the desk tonight Tim Seymour Dan Nathan
0:50.7	Guaidami and Julie Beal we start off with Apple shares in reverse,
0:54.3	the one-time biggest company in the world
0:55.8	seeing its stock drop another 2.8% today.
0:58.6	They are now down more than 14% from the record high,
1:01.9	hit less than three months ago. The company has lost more
1:04.8	than 450 billion dollars in market cap in that period. That's more than the
	...

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