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CNBC's "Fast Money"

Dow Hits 40,000… Plus The Luxury Real Estate Boom 5/16/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 16 May 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Dow Jones Industrial Average hitting 40,000 for the first time ever as the surge in Walmart boosts the group. But could the retailer’s strength be short-lived? Plus A housing market divided. Commercial and residential real estate showing signs of stress, but there’s one area of housing seeing a boom. How luxury real estate is building a strong foundation. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Life in the Nesaic Market site in the heart of New York City's Times Square,

0:06.0

this is fast money. Here's what's on tap tonight. A market milestone, the Dow

0:10.2

topping 40,000 for the first time ever as Walmart charges to records of its own.

0:15.1

But a former executive, the retailer has a shocking take on what is next for the stop to lay out

0:19.6

his case.

0:20.6

Plus China Rising, the K-Web Internet EDF, hitting its best level since last July.

0:25.8

Names like Alibaba and 10 cents soaring.

0:28.0

What's driving the rebound in these stocks and will tensions between the U.S. and China

0:31.4

derail their run.

0:32.8

We'll debate it.

0:33.8

And later, Beverly Hills Billions.

0:36.0

Mortgage rates may be high and the consumer may be under pressure,

0:38.6

but mega deals are still happening,

0:40.9

the ultra high-end real estate market. We'll be joined on set by

0:44.3

luxury broker Mauricio Eumanski for the latest read on what, where, and how much

0:48.7

the Uber wealthy are buying. I'm Melissa Lee come to you live from studio

0:52.2

of yet the NASDAQ on the desk tonight Tim Seymour, Dan Nathan, and Guy Adami.

0:56.0

Well, markets making a big milestone today, but pulling back off the highs of Dow climbing over 40,000 for the first time ever, the feet, coming less than

1:04.4

four years after at first at the 30,000 mark, but the index pulling back midday and

1:09.0

ending up slightly in the red.

1:11.0

One big winner in the Dow, Walmart, which notched its best day in four years after earnings

1:16.0

this morning.

...

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