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CNBC's "Fast Money"

S&P notches new 2023 high after jobs report, and are mergers coming for media names? 12/8/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 8 December 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

A slightly better than expected jobs report sent major indexes higher to close out the week, with the S&P closing at its highest level since March of last year. So is this a sign that a soft landing is really achievable? Plus Paramount shares soared 12 percent on reports it’s looking to sell itself. What other deals could be coming for the media space? Fast Money Disclaimer

Transcript

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0:00.0

Live from the Nasdaq Market site in the heart of New York City's Times Square,

0:04.0

this is fast money. Here's was on tap tonight.

0:07.0

So long rate cuts did today stronger than expected jobs report of rebound and yields in a market rally

0:12.3

dashed the market's hope for a spring

0:14.4

evening by the Fed and what will what impact will that have on stocks?

0:18.1

We're going to debate that. Plus high-end headache. shares of our age crushed on the

0:21.8

back of earnings and now their

0:23.2

reports inventories are building back in a lot of luxury retailers.

0:26.7

Is the shopping spree in these names about to hit a wall? And later,

0:30.3

Bitcoin's big week, the cryptocurrency jumping over 13% and it surges helping revive

0:35.7

the animal spirits of the retail trading crowd will go inside the numbers

0:39.7

that's later this hour. I'm Courtney Reagan in this evening for Melissa

0:42.3

Lee coming to you

0:43.1

live from Studio B at the NASDAQ on the desk tonight we have Tim Seymour Steve

0:47.6

Grasso and Carter Worth. We're going to start with what might just have been a

0:52.0

Goldilocks jobs report.

0:53.4

Major averages all rising after news, the US payrolls grew slightly more than expected in November.

0:58.6

The S&P notching a fresh 52 week high, closing at its best level since March of 2022 that index and the

1:04.2

Dow both joining the NASDAQ in the green for the week all three now up six

1:08.4

weeks in a row the employment report did send rates higher the 10 year of

1:11.7

Treasury jumping back above 4.2% mark, but also raised hopes

1:16.6

that the U.S. economy will be able to pull off a soft landing.

...

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