Meta’s Big Quarter… Plus The Latest Fed Rate Decision Description 7/31/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 31 July 2024
⏱️ 44 minutes
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| 0:00.0 | Live from the Nesac Market site in the heart of New York City's Times Square, this is fast money. |
| 0:06.5 | Here's what's on tap tonight. |
| 0:08.0 | Mega Meta shares with the tech giant jumping after its latest earnings report as CEO Mark Zuckerberg aims to offer the most used |
| 0:14.4 | AI assistant in the world by the end of the year. Will his efforts pay off? |
| 0:18.3 | Plus the Powell bounce markets jumping after the Fed shares a September rate cut is truly in the |
| 0:24.1 | cards. The tenure hitting its lowest level since March. Did the Central Bank just |
| 0:28.2 | give the green light for investors? We'll debate that. And Boeing shares take off as a |
| 0:32.2 | company selects its next CEO. What the former |
| 0:34.7 | head of Rockwell Collins can bring to the Embabbled Aerospace Giant and will he be able to turn |
| 0:39.4 | things around? I'm Melissa Lee coming to you live from Studio Be at the Nasak on the desk tonight. |
| 0:43.6 | Steve Brasso, Karen Finerman, Guyadami, and Michael Contopoulos, director of fixed income at |
| 0:48.0 | Richard Bernstein Advisors. We start off with the two big events for the market today. |
| 0:52.1 | First, the Fed leaving rates unchanged |
| 0:54.4 | at the latest meeting, but keeping hopes alive |
| 0:56.6 | for a cut in September, if that is inflation continues to cool. |
| 1:00.5 | We'll get more on that shortly but first meta earnings the stock is up |
| 1:04.0 | about 4.5 percent after reporting a beat on the top and the bottom line the |
| 1:07.5 | call just getting underway at the top of the hour. |
| 1:09.8 | CNBC Julia Borsons got all the numbers Julia. That's right Melissa, met a beating on the top and bottom line and giving third quarter |
| 1:16.1 | revenue guidance and a range ahead of the analyst consensus. |
| 1:19.6 | The company also narrowing its all important Kopex guidance, bringing up the lower end of its cap-ex |
| 1:25.3 | range to between $37 and $40 billion. |
... |
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