Market Rally To Keep Climbing?... And Underwater Auto Loans Growing Larger 10/16/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 16 October 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks near record highs, as banks, industrials, and utilities all trade higher. Where investors are seeing opportunity outside of the Mag7. Plus a major warning sign out of the auto space, as underwater car loans grow. The numbers being reported, and what it could mean for the space. Fast Money Disclaimer

Transcript

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0:00.0	Buy from the NASDAQ market side in the heart of New York City's Times Square.
0:07.0	This is fast money. Here's what's on tap tonight. Rally on. From banks to industrial's utilities, we are seeing strength across a wide
0:14.4	swap of sectors today what it means for the broad market it is not just
0:20.3	technology that is leading and streaming gains shares of Netflix
0:25.1	trading near all-time highs their earnings out tomorrow will the results keep
0:29.8	shares soaring or will Netflix get chill?
0:33.0	Plus Amazon getting in on the nuclear energy trade,
0:38.0	one old school tech name hitting new highs for the year
0:41.0	and our car prices collapsing. What it could mean for the auto trade
0:46.6	as well we got a lot to do. I'm not Melissa. I'm Brian Sullivan. Thanks for
0:51.2	joining us here on Fast Money. As always live from Studio B at the NASDAQ and on your desk tonight, Tim Seymour, Karen Fineman, Carter Braxtonworth, and Julie Bue.
1:02.8	Welcome, everybody.
1:03.6	All right, so let's begin.
1:04.7	Welcome, Brian.
1:05.6	Thank you.
1:05.8	It's good to be back.
1:07.2	Yeah, I missed you all.
1:08.1	All right.
1:08.7	We begin with some signs that the market rally may still have legs even after 46 record closing highs for the
1:16.8	S&P 500 this year. The S&B 500 up half a percent today. The Dow gained over
1:22.3	300 points and yes when you're at a record high
1:25.6	Tim and you go a little higher what you get. A new record high? You did go to Georgetown.
	...

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