Stocks Jump After Jobs Report… And China’s Big Opportunity 11/1/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 1 November 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks climbing on the back of this morning’s weaker-than-expected jobs report. How the unemployment rate is holding up, and what the latest data means for next week’s Fed decision. Plus China stocks in focus, as lawmakers gear up to meet about the country’s next stimulus measures. Why one China expert says this could be a big opportunity for the regulators to restore confidence. Fast Money Disclaimer

Transcript

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0:00.0	Indeed, it does live for the NASDAQ market site right here in the heart of New York City's Times Square.
0:07.3	This is fast money.
0:08.8	Here's what's on tap.
0:10.0	A big tech comeback to MAG 7 rallying to end a turbulent week.
0:14.6	Is this a start of a sustained strength for the group of the end of the year or a head fake designed to take your money.
0:21.4	Stocks up despite a dismal jobs number, the street shocked by a weak unemployment report.
0:26.5	So why didn't the markets care?
0:28.5	What does it mean for you ahead of next week's Fed decision and the election?
0:32.5	Also tonight, Boeing shares, they're taking off on new hopes to end the strike.
0:36.8	Super Micro's rough Week gets even worse.
0:40.1	And Trump Media clocking a third straight day of double-digit declines.
0:45.5	Happy Friday, everybody, and welcome to November.
0:48.4	I am Brian Sondland, in for Mel tonight.
0:50.6	Coming to you live from Studio B right here at the NASDAQ.
0:53.5	On your desk tonight, Tim Seymour,
0:56.2	Karen Feynman, Courtney Garcia, and Julie Beal. Welcome. Everybody, great to be back. All right,
1:01.4	so let's kick it off here. There really are two big money stories that are happening right now,
1:07.9	earnings and jobs. Let's start with the payroll number. Shocking the street.
1:14.0	The government saying only 12,000 jobs were added in October. That, my friends, the worst jobs
1:20.1	number since the pandemic. But investors apparently didn't care. Markets today higher across the board,
1:27.6	maybe on hopes the Fed will cut rates again.
1:30.3	We're going to find out.
	...

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