Rates Rise and Homebuilders Sinks, Plus the MedTech Stock Getting Skinnier, Thanks to the Weight Loss Drug Boom 9/5/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 5 September 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Homebuilder stocks kick off the week on shaky foundation, as interest rates resume their march higher. What the moves say about the strength of the markets heading into fall. Plus one analyst downgrading shares of ResMed as the boom in weight loss drugs could lead to lower demand for sleep apnea devices. We look at the other side effects of people slimming down and the stocks that could get impacted. Fast Money Disclaimer

Transcript

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0:00.0	Live in the Nasdaq Marketside in the heart of New York City's Times Square, this is Fast
0:05.7	Money.
0:06.7	Here's what's on tap tonight.
0:07.9	Builder breakdown, construction sucks seeing their worst days since February as rising
0:11.9	rates take a hit on the sector.
0:13.7	But is this shaky foundation just a start of more trouble to come?
0:16.9	Plus, tipping point as the Disney Charter character dispute continues, one Wall Street firm
0:21.6	wonders if this will be a defining moment for Legacy TV at the end of the bundle as we
0:26.6	know it.
0:27.6	We'll debate that.
0:28.6	The Airbnb's extended stay, giving it a boost, the high times for the weed trade rolling
0:32.6	on, and one pharma company's bottom line could get skinnier from the obesity drug boom.
0:37.6	And that's not a good thing.
0:39.0	I'm Melissa Lee coming to you live from a brand new set here in Studio B at the Nasdaq
0:43.8	on the desk tonight to see more care and find them in Carterworth and Guy Adami, gorgeous
0:49.0	set here.
0:50.0	Amazing.
0:51.0	Like on a new rocket ship.
0:52.0	Hopefully we're going to take off at any moment, right?
0:55.0	Yeah, it's awesome.
0:56.1	It did an amazing job.
0:57.5	Now, we get to sit here and enjoy this beautiful set.
	...

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