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CNBC's "Fast Money"

China Stocks Jump On Economic Stimulus… And A Real Estate Boom On The Horizon 9/24/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 24 September 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Chinese stocks rise as the country announces a major economic stimulus package. The sectors and ETFs seeing the biggest moves, and how broader markets digested the news. Plus Is there a real estate boom coming? How rate cuts could push the sector out of its rut, and the outlook for office space. Fast Money Disclaimer

Transcript

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0:00.0

Live in the Azac markets,

0:03.7

in the heart of New York City's Times Square,

0:05.6

this is fast money.

0:06.7

Here's what's on tap tonight.

0:08.1

Beijing's big shot.

0:09.3

China trying to jolt their ailing economy and markets

0:11.9

by cutting rates and announcing a broad set

0:13.6

of stimulus measures. Will this truly jump-start a Chinese stocks and

0:17.4

potentially juice the rally here at home? We'll debate that. Plus,

0:20.5

BASHBRAINI, Senator Sanders, hammering the CEO of Novo Nordisk, telling him to, quote unquote,

0:26.0

stop ripping us off when it comes to the price of obesity drugs.

0:29.4

Was this just the usual Capitol Hill grandstanding or a hearing that could hurt the drug

0:33.6

maker's bottom lines. We'll have a live report and later the details on why the

0:37.8

Justice Department is suing Visa. Spotify Surfing as Tik-Tuck says no mosque

0:41.9

music streaming and the options action on

0:44.2

micron ahead of earning. I'm Melissa Lee come to you live from studio be at the

0:47.7

Nasak on the desk tonight. Tim Seymour, Karen Fireman, Dan Nathan and

0:51.0

Guy Adami.

0:52.9

And we start off with two big stories dominating the market today, Novo Nordis CEO getting

0:56.7

grilled on Capitol Hill over the high cost of its weight loss and diabetes drugs and China's

1:01.1

moves to stimulate the country's struggling economy.

1:03.8

We start that with China, the large-cap China E.T.F. soaring.

...

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