China Stocks Rally Ahead Of Tariffs… And Gamestop Surges On Roaring Kitty Comeback 5/13/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 13 May 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chinese stocks staging a stealth rally as EV tariffs loom. How U.S - China relations will impact the space, and the names that could get hit the hardest. Plus The Kitty Comeback. Shares of Gamestop soaring as the trader behind 2021’s meme-stock mania makes his online return. What it could mean for Gamestop and the other stocks rallying on the hype. 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
0:05.2	This is Fast Money. Here's what's on tap. President Biden set to whack China
0:09.3	with massive EV tariff increases. The levies for electric cars will quadruple and other
0:14.0	key industries will be impacted too. The reason for this move in how China might
0:17.6	react straight ahead. Plus roaring back, the man behind the mienzoc
0:21.2	mania roaring Kitty posting a new series of messages today that sent the original
0:25.2	mean stock game stop soaring but there could be more to keep Gill's re-emergence
0:29.8	than meets the eye we will explain and later a little retail would you rather
0:34.0	ahead of earnings home depot set to face up with Walmart will be the traders pick in
0:38.3	the big box battle royale I'm Melissa Lee coming to you live in studio be at the Natsak on the desk tonight Tim Seymour
0:44.3	Karen Feinerman Dan Nathan and Guy Adami and we start with the stealth rally in Chinese stocks a large cap
0:50.9	FXI ETF jumping another 2% today to post its highest close since last August.
0:56.0	It is now at more than 35% from its January lows.
0:59.0	Much of that strength coming in the last month.
1:01.0	Take a look at some individual names have done in that
1:03.5	stretch. JD.com tends at music both up more than 30 percent, pin duo duo gaining more than 20 percent. The
1:10.2	S&P meantime up less than 2%.
1:13.0	But these gains come ahead of the expected announcement of what could be massive tariffs against Chinese
1:18.3	EV makers, solar companies, and semi-manufacturers.
1:21.8	The Biden administration set to lay out its plan tomorrow.
1:24.4	Let's get more on what we could expect from this announcement from Megan Kosella.
1:27.6	She's in DC with the latest. Megan.
	...

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