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CNBC's "Fast Money"

No Stopping The China Rally… And Tesla Loses Charge After Deliveries Disappoint 10/2/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 2 October 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

The China rally keeps ripping, as the country’s Hang Seng index sees its biggest gain in nearly 2 years. The stocks seeing the largest moves, and if there’s any juice left in this trade. Plus Investors unplugging from Tesla after the EV maker disappoints on deliveries. What it means for the company, and the next catalyst for the stock. Fast Money Disclaimer

Transcript

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0:00.0

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

0:06.8

This is fast money. Here's what's on tap tonight. China rising, while the major

0:10.9

averages in the U.S. are stuck in neutral stocks in the mainland are ripping

0:14.5

The large-kept China EDF now up nearly 20% in a week is this party just getting started

0:20.1

or should you take the money and run will We'll debate that. Plus, Man versus Machine, as a Port

0:25.0

Strike rolls on, one of the key sticking points beyond money, automation. What the

0:29.0

Transportation Secretary had to say about that coming up. And Bill Ackman's venti-sized beef with

0:35.2

Starbucks charting the next move for home builders and his Tesla's recent

0:39.0

rally powering down. I'm Melissa Lee coming to you last in City studio be at the Nasak on the desk tonight.

0:43.7

Tim Seymour, Dan Nathan, Guyadami, and Chris Varone, head of technical analysis at

0:47.7

Strutagus, A Baird Company.

0:49.8

And we start off at the seemingly unstoppable surge in Chinese stocks, the country's Hangsang Index,

0:54.9

jumping more than 6% overnight its biggest gain in nearly two years, hit levels not seen since

1:00.0

February 2022, up more than 30% in just the last three weeks.

1:04.7

Names like May-Twan, J.D.com, Baidu, all soaring 9% or more.

1:09.5

ETS in the US also jumping with gains in the large cap FXI and the MCHI helping drive emerging

1:16.5

markets of 30 month highs. The recent run started last week after Chinese officials

1:20.9

unveiled a series of stimulus measures to help

1:23.0

jumpstart the economy but is there more room for this rally

1:26.6

to rise and I guess embedded in that question is is this stimulus actually going to

1:30.5

take effect and work, Tim.

1:32.6

I think it will.

...

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