Retail Rises As Holiday Shopping Intensifies… And President-Elect Trump’s FDA Pick Impact 11/25/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 25 November 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Retailers making some major moves as holiday shopping kicks into high gear. So after a volatile 2024, can the group end the year in good spirits? Plus Health care, Biotech, and Pharma all in focus as investors digest President-Elect Donald Trump’s FDA chief pick. How the new chief will impact those spaces, and the weight-loss drug race. Fast Money Disclaimer

Transcript

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0:00.0	Live in the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:06.3	Here's what's on top tonight.
0:07.6	Record-breaking rally, the Dowell closing on new records.
0:10.3	The S&P and Russell hitting new highs today, too.
0:12.7	We'll break down what is driving the slow grind upward and ask the traders how long the good vibes could last.
0:17.6	Plus, building gains, home builders, and everything that goes into your home,
0:21.5	having a day as yields move sharply lower. Is this a rebound you can believe, or is it just smoke
0:26.8	and mirrors? We will debate that. And later, airlines fly high. Is there a new driver fueling their
0:32.4	climb? A speed bump for Tesla charged up move over the last month. And why the president elects
0:37.1	picked ahead the FDA
0:38.0	got the blood pumping in shares of hymns. We'll explain that. Yes, we will. I'm Melissa Leak.
0:44.1	I'm Melissa Leak, D. Live from Studio B at the Nazak on the death tonight. Tim Seymour, Karen Feinerman,
0:48.1	Dan Nathan, and Steve Grasso. We'll get to the market's record breaking day in just a moment. We want to start off with some major moves in retail just ahead of Black Friday and
0:55.8	they kick off to the holiday shopping season.
0:57.7	Check out shares of the XRT, the retail ETF, up over 3.5% today.
1:02.3	More than 12% already this month.
1:04.2	Look at the moves today in Bath and Body Works on an earnings beat and raised guidance, a host
1:08.3	of other beaten down names, also posting strong gains,
1:11.2	the dollar stores, five below, even Target.
1:14.6	And with a host of names, Coles, Best Buy Nordstrom, and Dix, such report is the sector set to finish out the year on a high note?
1:22.8	Is a consumer going to show up?
1:24.7	The consumer's showing up, and the consumer's showing up relative to what we thought
	...

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