Stocks Jump After CPI Data… Plus Perplexity’s Bid To Buy Google’s Chrome Browser 8/12/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 12 August 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P 500 climbing to a fresh record high after this morning’s CPI report. Why it could give the Fed a green light to start cutting rates, and the sectors seeing the biggest moves. Plus Coreweave and Cava report results, the Gold space sees a mining divergence, and what the Perplexity bid to buy Google’s Chrome browser could mean for the AI wars. Fast Money Disclaimer

Transcript

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0:00.0	Life in the NASAC markets, in the heart of New York City's Times Square, this is fast money.
0:07.0	Here's what's on tap tonight.
0:08.3	Off to the races.
0:09.3	The NASAC can be hitting new highs today.
0:11.3	The Dow jumping 483 points on the back of the latest inflation data.
0:15.8	Does the new CPI print all but guarantee a cut at the Fed's next meeting?
0:19.9	We'll debate that.
0:21.9	And AI moves,
0:26.8	perplexity making a big bid for Google Chrome. What's it mean for alphabet and does it take Apple off the table as a potential buyer? Plus, we dig into the latest results from Corweave and Kava,
0:32.3	why the chartmaster is changing his tune on gold miners versus gold bullion and sneaker
0:36.9	maker on holdings running higher
0:38.9	and taking a bunch of names along with it. The trades behind all the moves coming up.
0:43.3	I'm Melissa Lecombe to you live from the studio B at the NASDAQ on the desk tonight. Tim Seymour,
0:46.9	Karen Feiderman, Dan Nathan, and Guy Adami. We start off with the S&P's first record close of the month.
0:52.5	The benchmark index rising more than a percent today,
0:55.3	closing above the 6,400 mark for the first time ever. The NASAC also set intraday and closing
1:00.4	records, while the Dow's 480-point gain got it within 1.3% from its all-time high. Today's gains
1:07.2	come after a softer than expected CPI print for July. Consumer prices rising 2.7% from a year ago versus estimates for 3% growth.
1:15.5	That news, sending short-term Treasury yield sharply lower and the probability of a Fed rate cut next month markedly higher.
1:22.3	So did today's data give the all-clear for the central bank and for the markets?
1:26.7	To give the all-clear on the economy in terms of the impact from tariffs. Guy, what do you think? I'm not convinced to give the all clear to the central bank. I don't think anything changed. I mean, there was something in that inflation number for everybody. The headline number people got very excited about. Then they looked at SuperCorp and said, well, wait a second. Maybe it's a little hotter than expected. For me, it's, I think it sort of reinforces what Jerome Powell's been saying all along. Inflation is still a problem. Now, I get the markets are now pricing in a near certainty. I get it. J.P. Morgan, I think, has talked about four rate cuts for the remainder of this year. That's all priced in. So as much as people want to say it created this certainty in all systems ago, it's not
2:04.6	like anything necessarily changed on the ground.
	...

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