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CNBC's "Fast Money"

Big Week Ahead For Stocks… And Emergent’s Mpox Approval 8/30/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 30 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

August trading is in the books, and after a rough start to the month, stocks managed to rebound. But with a big week on deck, can the bounce back continue? Plus Biotech company Emergent Bio getting FDA approval for its smallpox vaccine to treat mpox. What it could mean for Emergent’s future and the space as a whole. Fast Money Disclaimer

Transcript

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0:00.0

From the NASDAQ market slide in the heart of New York City's Times Square, this is fast money.

0:08.0

Here's what's on tap tonight. Stocks rallying to close out trading for the month of August, but with fall just around the corner,

0:14.8

sorry to say. What's going to drive the market into the fall? From the jobs report next week to

0:20.4

a looming Fed decision we get you the playbook for the next few months and

0:24.8

ensuring gains shares of companies like Allstate and Progressive trading at

0:29.6

all-time highs but is there more juice left in their run? We break out the technicals to find out.

0:36.2

Plus Intel says, it's looking at ways to revive its struggling business.

0:40.6

Alibaba clears a three-year-long regulatory battle and why

0:44.2

approval of emergent Bios' Mpox vaccine wasn't enough to lift the stop.

0:49.8

We have all those stories coming up this hour. I'm Contessa Brewer and from Melissa Lee. Coming to

0:55.1

you live from Studio B at the NASDAQ. On the desk tonight we have Steve Grasso, Tim

1:00.1

Seymour, Carter Wirth, and Mike Coe.

1:03.2

And we start with an August to remember for stocks

1:06.6

after a stunning stumble to start the month.

1:09.1

Markets rebounded in a big way.

1:11.3

The S&P rallying in today's close and now more than 10% higher than the lows hit on

1:16.9

August 5th and less than half a percent of its all-time highs hit six weeks ago.

1:23.2

All three major indexes managed gains for the month

1:26.1

with the S&P and the Dow, now up four months in a row.

1:30.2

Now attention turns to September.

1:32.3

Traditionally, one of the worst months for stocks

1:35.4

and a slew of new potential catalysts for the market.

...

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