Can Tech’s Growth Plans Keep Fueling The Rally? And Losses From California’s Wildfires 1/24/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 24 January 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks jumping in Trump’s 1st week of his 2nd term, and tech stocks are leading the charge. The big spending that’s fueling that trade, and if the mega cap tech names can keep leading the market higher. Plus Crews still battling the California wildfires, and the economic impact keeps rising. The losses tied to the blaze, and what it means for the state of housing in the state. 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.
0:05.6	Here's what's on tap tonight.
0:07.2	Marvelous meta shares of the tech giant at record highs as it plans to support billions and billions of money into AI infrastructure.
0:13.8	Is this the kind of spending that will keep the market rally rolling?
0:16.2	We'll debate that.
0:16.9	Plus, a shot in the arm for shares of Novo Nordisk.
0:19.6	The Farmer Gi Giant seeing its best
0:20.9	day since March on positive weight loss drug trials. Is this the start of a turnaround for the
0:25.2	company still 40% off all-time highs? And later, crypto prices trading your records. We set the
0:31.3	table for a very big week of big tech earnings and the long-term impact of wildfires on the
0:36.2	housing market in Southern California.
0:38.6	I'm Melissa Lee.
0:39.3	Come to you live from studio be at the NASDAQ on the desk tonight.
0:41.6	Tim Seymour, Bono and Eisen, St. Grasso, and former Bridgewater chief strategist Rebecca Patterson.
0:46.7	Welcome, Rebecca.
0:47.6	We start off with a presidential pop for the markets.
0:50.0	The S&B 500 hitting another record early in today's session and notching its best first week of a new presidential term since Ronald Reagan in 1985.
0:59.3	That's when the musical stylings of Wham were topping the charts.
1:02.7	Marty McFly was going back to the future in the Docks Delorean and speaking of the future.
1:07.9	Mega Cap Tech is setting a sights on just that.
1:10.3	The group fueling this week's rally is investors bet on continued AI spending this year.
1:15.7	Meta hitting a new high today after announcing a plan to spend $60 billion to grow that business.
	...

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