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CNBC's "Fast Money"

Big Week For The Consumer… And Pulling Money Out Of China 8/12/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 12 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

A big week for the U.S. consumer as fresh economic data and retail earnings filter in. How those numbers will paint the picture for consumers, and how it could impact the Fed’s next move. Plus Trimming China. Foreign investors pulling record amounts of cash out of China as worries over its weakening economy continue. What it means for Chinese stocks and your portfolio. Fast Money Disclaimer

Transcript

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0:00.0

Life in the Nesac Market site in the heart of New York City's Times Square, this is fast money.

0:05.8

Here's what's on tap tonight. Consumer countdown, the major retailers start to report this week.

0:10.2

Whether results show the consumer is unbreakable or starting to lose real steam.

0:14.4

We'll go inside the numbers. Plus mining for profits. It's not just the price of gold that's

0:18.8

ripping to record highs. The miners are shining bright too. Who's the best of the bunch will drill down for

0:23.8

answers and later inside the turbulence at JetBlue nailing the traders down on

0:28.4

Home Depot ahead of earnings and the Chartmasters here to tell us why it's time to

0:32.2

sell Cisco.

0:33.5

I'm Melissa Lee coming to you last in studio at vietta Nazak on the desk tonight.

0:36.5

Tim Seymour Dan Nathan Gaiadami and Karen Feinerman.

0:39.9

We start off with a big week for the American consumer economic data on producer and

0:43.8

end user price inflation as well as retail sales, not to mention earnings from Home Depot

0:48.2

and Walmart, all on the calendar this week.

0:51.7

What kind of picture will they paint for the state of spending?

0:54.4

Discretionary stocks after all have been struggling all year. It is the only S&P sector

0:59.2

that is down so far in 2024. Leading the losses, Lulu Lemon, which has been more than cut in half since January,

1:06.2

Ulta, Etsy, Nike, Bed Bath, and Body all working, Bed Bath and body works.

1:14.0

I'm complaining.

1:15.0

I mean, things we care a lot about.

1:17.0

I mean, for sure.

1:18.0

The next one that exists.

1:20.0

Poppery, what do you guys Santa candles?

...

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