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CNBC's "Fast Money"

Big Tech’s Big Day… And Second Half Energy Playbook 7/5/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 5 July 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Tech stocks rallying as Meta, Alphabet, Apple, Microsoft, and Amazon all closing at all-time highs. How today’s jobs report could impact tech’s tear, and the Fed’s next move. Plus Energy in the second half. How oil and energy stocks will play out for the rest of the year. And why price action may be lumpy as the summer wears on. Fast Money Disclaimer

Transcript

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0:00.0

Indeed it does John thanks and live from the NASDAQ market site in the heart of New York

0:06.4

City's Times Square this is fast money and here's what's on tap tonight more

0:10.7

new records the NASDAQ and the S&P, both setting all-time high

0:14.8

closes as slowing jobs growth, seems to quell investor concerns about the Fed. How much

0:20.7

longer can the run keep going and who will lead the pack?

0:24.0

Plus it may be July 5th, but Macy's shares still seeing fireworks.

0:29.0

The stock jumping as much as 14% on reports of a sweetened buyout bid can a deal get done and is

0:34.9

there even more deal-making in store for the retail sector and later Novo

0:40.4

Nordes shares shrug off new concerns over potential side effects.

0:45.3

Bitcoin breaks down, but where's the crypto going next?

0:48.3

And we're counting down to Q2 earnings with a little old-fashioned options action here to play how to play Delta

0:54.9

and the big banks ahead of their reports. Good evening everybody I'm

0:58.9

Tyler Matheson in tonight for Melissa Lee coming to you live from Studio B at the NASDAQ.

1:03.6

On the desk tonight or really not on the desk tonight.

1:06.9

Tim Seymour, Mike Koh, and Carter Worth.

1:09.3

I'm here, gentlemen, all by myself.

1:11.4

Is it something I said? I sorry you stayed away we'll get back to you

1:16.6

just a say we're gonna well we'll settle it in just a moment we're gonna start

1:20.9

however with a big day for Big Tech. The old guard stocks staging a strong

1:25.9

rally today with Meta Alphabet, Apple, Microsoft, Amazon, all, all of them closing at all time highs.

1:34.3

The moves coming even as payroll growth slowed in June

1:38.0

and the unemployment rate surprisingly rose hitting its highest level in two and a half years.

...

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