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CNBC's "Fast Money"

Rates And Commodities Diverge… Plus Lilly’s Latest Drug Concerns 6/6/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 6 June 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Commodities rising across the board, as oil, metals, and agricultural prices all climb. But as those all head higher, rates continue to fall. What the moves could be saying about the market. Plus Eli Lilly’s Alzheimer’s treatment raising some eyebrows at the FDA. What regulators are flagging, and how it could impact the future of the drug. Fast Money Disclaimer

Transcript

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0:00.0

Life in the Nansack 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.

0:08.0

Cruz and commodities from metals to energy to agriculture.

0:11.1

Prices are on the rise.

0:12.4

How much will this add to the inflationary fears as an to agriculture, prices are on the rise.

0:12.6

How much will this add to the inflationary fears as investors eye tomorrow's jobs report

0:16.9

and next week's Fed decision?

0:18.8

And more positives for Eli Lilly, the drugmaker hitting another all-time high as it awaits an FDA decision on

0:24.1

his Alzheimer's drug, will it get the approval it's seeking and what could it mean

0:27.8

for the company? Plus a new record high for Walmart. Chairs of Robin Hood

0:31.7

take flight and the self-sur surge in the stock of the home goods

0:35.0

retailer.

0:36.0

I'm Melissa Lee coming to you live from Studio B at the Nasak on the desk tonight.

0:39.2

Tim Seymour, Dan Nathan, Gaiadami, and Lori Calvasina, head of U.S. Equity Strategy at RBC Capital Markets.

0:46.1

And on a day where the major markets are relatively flat, check out the big moves in commodities,

0:50.3

metals and oil both jumping in today's session gold and copper in the green silver

0:54.4

surging more than 4% and crude and bread both pumping higher the agricultural

0:58.7

space growing as well corn, oats, soybean, sugar, OJ, all higher.

1:03.6

But as a commodity complex heads north, rates continue their recent downturn.

1:08.1

Yields lower across the board, the 10 year now at 4.28%,

1:12.2

while investors turn their attention to tomorrow's big jobs

1:14.8

report so what are these moves telling us about the markets right now Tim what do you

...

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