Market Uncertainties Clearing Up?... And The Longevity Of China’s Rally 10/18/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 18 October 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks notching a sixth straight week of gains… as market uncertainties from mideast tensions, to economic worries, to the outcome of the presidential election all seem a bit clearer. What investors are seeing that’s keeping them buying in. Plus China stocks rebounding after a stronger-than-expected GDP report. But one expert is questioning the longevity of the mainland rally. Where he sees the overseas equities heading next. Fast Money Disclaimer

Transcript

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0:00.0	Live in the Nasak market site in the heart of New York City's Times Square, this is fast money.
0:06.6	Here's what's on tap tonight. A green light for stocks. Major pillars of uncertainty seem to have been eliminated from markets from geopolitics, the soft landing
0:14.8	concerns.
0:15.8	Investors are getting some clarity.
0:17.2	So is this a go ahead for a strong end to the year and a China comeback?
0:21.3	Better than expected data out of Beijing sending shares overseas soaring
0:24.8	can this rebound last or is it's just a flash in the pan. Plus streaming higher
0:28.7	Netflix follows through on an across the board earnings beat the CBSVS Shacup shares sinking as a pharmacy
0:34.0	giant names a new CEO and a McRally for McDonald's. What is driving the
0:38.8	fast food giant to record highs? Could it be the McRib coming back?
0:42.8	No.
0:43.3	I'm Melissa Lee coming to you a lot from studio at the Nasak on the dust tonight.
0:46.5	Tim C. Morbano and Eisen, Steve Grasso and Isen, Steve Grasso and Isoe and Julie Beal.
0:50.1	We start off with some signs that the big uncertainties looming over the market have seemed to clear.
0:54.8	Oil prices dropping below 70 bucks a barrel of supply risks around the world, amid the
0:59.4	mid-East conflict start to ease.
1:02.0	Positive economic data in the U.S. boosting sentiment as well.
1:04.5	Retail sales coming in better than expected for September.
1:07.2	Weekly jobless claims down.
1:08.8	Even questions over the presidential election seem to be answered at least for now with
1:13.3	prediction markets pricing in a victory for Donald Trump in November.
1:16.8	Does all this mean all systems go for the markets? The Dow and the S&P both
	...

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