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CNBC's "Fast Money"

Google On The Move After Antitrust Ruling… And A Major Market Forecast 9/2/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 2 September 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Alphabet on the move as a judge rules on its antitrust case. The fate of Chrome, and the tech giants search data. Plus A major market prediction. Why Evercore ISI’s Julian Emanuel is feeling so bullish on stocks heading into the fall. Fast Money Disclaimer

Transcript

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0:00.0

Live from the Nantzak markets, I'm in the heart of New York City's Times Square.

0:05.0

This is fast money. Here's what's on tap tonight.

0:08.0

A major win for Alphabet shares surging after hours after a judge's ruling in its antitrust case.

0:13.0

We'll talk the future of search and what it means for big tech straight ahead.

0:16.0

And a September slump to kick off the first day of what has traditionally been a week month for markets, the stage set by today's market action, and why one big bull sees upside ahead, plus a condiment cleaving. Oh, boy. Why Warren Buffett isn't so happy about the breakup of Kraft Heinz, Baba-booyed, as the Chinese tech giants sees a surge in revenue and losing its buzz. By shares a corona maker, we're dropping sharply today. All that and you're going to want to stick around for you. A very special announcement about an exciting event that is coming up. The big reveal is just moments away. I'm Melissa Lee. Come to you live from studio at the NASDAQ on the desk tonight. Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Dami. Great to see you all back on the desk.

0:55.6

Great to see you too.

0:56.5

Good to be here. Well, you have big news. But yes, we've all been away. You've been away. Well, I know we have big news, but welcome back. Thank you. It's great. It's great to see everybody together again. It's good to hear that. Especially on a big news day.

0:51.3

There was Melissa.

0:51.9

All right.

0:52.3

Let's start off here with that monster move higher in alphabet after hours. Currently trading on what would be an all-time high. The judge, the U.S. judge in the antitrust case against the company saying it will not have to spin off its Chrome browser or Android businesses. Let's get straight to Amin Javers. Who's got the latest? Amen. Melissa, this was a long-awaited decision from federal judge, I'm at Meta, and that the reason was because the question was, will Google be forced to spin off Chrome? The answer here today, no. So largely a victory for Google and alphabet in this case. But there are some things that Google is going to be forced to do

1:45.0

as part of the remedy phase of this case. Remember Google was already found guilty of anti-monopoly conduct.

1:51.0

And so this phase of the trial was all about what is the government going to do about that, to in effect,

1:57.0

punish them and to end the harm from that anti-competitive conduct.

2:01.6

In this case, Google is now going to be forced to share certain data with competitors.

2:05.6

There's some language around here, in here about AI, which I'm trying to pull out,

2:10.6

which is obviously one of the big fights about the future, but Google will be allowed to keep Chrome and Android,

2:16.6

and Google will be allowed to continue Chrome and Android, and Google will be allowed to

2:18.9

continue to make some payments to some of its peers in terms of using Google as the default

2:27.7

on their search engines, as their search engines.

2:30.2

So those payments, the judge says in this case, can continue because it would be too disruptive

2:36.6

to a company like Apple, for example, to stop that, given that Apple would likely be in a position

2:42.6

of still having Google as its default and suddenly losing a massive revenue stream, more

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