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CNBC's "Fast Money"

China’s Big Boost… And Flying Into Southwest’s Investor Day 9/26/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 26 September 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

A big day for the China trade, as stocks surge on the back of the government’s economic stimulus. And with so many U.S. companies with a reach into the mainland, is this the all clear to get in? Plus Airlines taking off as Southwest holds its investor day. How one activist firm is looking to make some big changes, and what it could mean for the stock. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Live from the Nasdaq market site on a day when the S&P 500 closed at a fresh

0:06.7

all-time high yet again this is fast money here's what's on tap tonight

0:10.9

Beijing's bizuka China flooding their economy with all sorts of stimulus, electrifying

0:15.8

stocks on the mainland and causing one hudged fund Titan to tell the NBC he's buying

0:20.6

everything he can get his hands on in the country. Is it too late to

0:24.0

piggyback on that trade? We're going to debate it. Plus smooth skies ahead after a

0:28.3

bump a year is southwest about to find its footing. We will hear from the

0:32.3

CEO and go inside the numbers coming up.

0:34.3

And then later why energy stocks were at the bottom of the barrel today. Is

0:38.4

Costco a name you can still buy in bulk and High Ho Silver? Charting a milestone for the precious medal.

0:45.0

I'm Sarah Eisen in tonight for Melissa Lee, coming to you live from Studio B at the

0:49.2

Nasdac. On the desk tonight with me, Tim Seymour, Harderworth, Dan Nathan, and Guy Adami.

0:54.7

And we're going to start with another big boost for China.

0:57.0

The country's large-cap E.T.F. the FXI, surging more than 7.5% today,

1:01.5

hitting its best level since February of last year.

1:04.7

Combined with its move Tuesday, the fund is pacing for its best week on record.

1:09.2

The K-Web, Internet ETF, trades here in the M MCHI also far outpacing the broader market today. The latest

1:15.9

gains as top Chinese officials affirmed the government's efforts to support the economy, including

1:21.4

rate cuts and a one-time cash allowance for those in extreme poverty.

1:25.2

All that stimulus has billionaire hedge fund manager David Tepper breaking his own rules for how

1:29.3

much he invests in one place.

1:30.8

Listen.

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