McDonald’s Jumps Despite Rough Results… And Rates Drop On Treasury Update 7/29/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 29 July 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

McDonald’s locking in its best day since 2020, despite a rough earnings report this morning. How investors are still lovin’ it, even as consumers pull back. Plus… Rates taking a leg lower as the U.S. Treasury announces a borrowing update. So how will that move will impact stocks? Fast Money Disclaimer

Transcript

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0:00.0	Life in the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:05.8	Here's what's on tap tonight.
0:07.3	Loving it, shares in McDonald's surge even as consumers pull back across its businesses,
0:12.0	our investors feasting on hopes the value meal
0:14.3	will bring back diners then to the penny the stocks the chart master says are
0:18.6	bumping up against some very precise support levels and where he thinks they are going from here.
0:24.5	Plus Bagnyolds drop ahead of the Fed meeting.
0:26.4	Tesla revs up on a big bullish call from Morgan Stanley and call it a dead pool bounce.
0:31.4	shares of Disney getting a boost after big weekend at the box office
0:35.6	how much higher can go from here. I'm Melissa Lee coming to you live from
0:38.6	studio be at the Nasak on the desk tonight. Carter Worth Guyadami, Mike Co, and Julie Beal. We're going to get to all of those
0:44.8	stories in just a moment. But first we start off with some breaking news out of Delta,
0:49.1	the airline announcing a lawsuit over this month's massive tech outage.
0:53.0	Phil Abos got all the details.
0:55.0	Phil.
0:56.0	Melissa, let me clarify, we do not think a lawsuit has been filed yet,
1:00.0	but we do know that a law firm has been hired by Delta to pursue damages that happened
1:06.0	because of the Microsoft and Crowd Strike software outage that began on Friday the 19th,
1:11.9	extended for about six days.
1:13.7	David Boyce, a well-known litigator, runs the firm Boyce Schiller and Flexner.
1:19.3	He has been hired by Delta and again they're going to be seeking compensation from
1:23.8	Microsoft and crowd strike. No suit has been filed as of this point. We have reached
	...

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