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CNBC's "Fast Money"

Showdown At The Fed… And Another Hit For UnitedHealth As The DoJ Investigates 7/24/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 24 July 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

All eyes on the Fed as President Trump embarks on a rare presidential visit to the central bank amid its contested renovations. And, UnitedHealth drops after it confirms it’s responding to government probes into its Medicare operations. Plus, Chipotle sinks on its earnings miss, while airlines lose altitude. 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.

0:06.7

Here's what's on top tonight.

0:08.0

President Trump making a rare visit to the Fed this afternoon, the latest in the escalating feud between the two.

0:13.5

The president sets for policy and the impact it could have on rates.

0:17.2

And time to buy, health care stocks have been struggling this year, but one top analyst says

0:21.3

the worst may be behind them. He'll lay out his top picks in the space later this hour.

0:26.2

Plus, airline stocks get grounded after the latest slate of earnings, industrial size losses

0:30.8

for Honeywell after its results, and a burrito buzzkill on Chipotle, as those chairs see their

0:35.6

worst day in nearly eight years. The trades on all those moves coming up.

0:39.7

I'm Melissa Lee coming to you live from Studio B at the NASDAQ on the desk tonight. Tim Seymour, Mike Co, Dan Nathan, and Guy Adami.

0:46.1

But we start off with President Trump turning up the heat on Fed Chair Jerome Powell just in the last hour.

0:51.0

Trump became the first sitting president to visit the central bank since

0:54.8

2006. The visit comes as Trump has spent months berating Powell for not cutting rates. And amid

1:00.7

more recent criticism over the cost of renovations of two central bank buildings, Amon Javvers

1:05.7

is at the White House with the very latest, Amen. Melissa, it was dramatic. It was a power play. It was unprecedented.

1:12.6

And it was awkward at time this meeting between President Trump and J. Powell at the Fed.

1:17.6

Remember, the president's been harshly critical of Powell for not lowering interest rates.

1:21.6

Also harshly critical of Powell over the cost overruns of this new Fed construction.

1:26.6

He went there to the Fed to see the construction

1:28.7

in action. The Fed chair was his tour guide at least for a time, and they approached the media

1:35.3

and on camera had a bit of a spat about exactly how much this renovation costs, which cost

1:42.0

should be included in the total number, which cost shouldn't.

...

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