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CNBC's "Fast Money"

Stocks Notch Best Week Of 2024… Plus White House Cracks Down On China Trade 9/13/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 13 September 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

After the worst week of the year, the S&P 500 and Nasdaq bounce back to notch their best week of 2024. What the market action means ahead of next Wednesday’s key Fed decision. Plus The White House targeting China-linked discount retailers, as a trade loophole comes into focus. The companies skirting the fees, and the impact the new rules will have on U.S-China relations. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Live in the NASDAQ market site in the heart of New York City's Times Square.

0:04.6

This is Fast Money. Here's what's on tap tonight. From Slump to Surge, what a difference a week makes.

0:09.5

The S&P and NASDAQ posting their best weekly games of the year.

0:13.0

Last week, of course, being their worst.

0:14.8

Is this redound for real?

0:16.2

We will debate that.

0:17.1

Plus, the ultimate chart, it is a star in defensive times

0:20.6

and right now it's riding the wave of the AI boom.

0:23.0

We'll take the wraps off this true utility player for your portfolio coming up.

0:27.0

And later breaking down Biotech's big week, one shining moment for the metals and miners and Uber adds

0:32.3

autopilot to the menu.

0:33.7

We'll explain all that.

0:35.1

I'm Melissa Lee Come to you live from Studio B at the Nasak on the desk tonight.

0:38.2

Tim Seymour, Courtney Garcia, Bono and Eisen and Harder Brak's and worth.

0:41.8

We start off with that massive market rebound this

0:44.4

week. The Nasak up five days in a row with a gain of nearly 6% since Monday.

0:49.4

That is its best week since last November. The S&P and Dow up big as well and take a

0:54.1

look at some individual stock moves. Arm, Broadcom, Super Micro,

0:57.4

Invidia, Amazon, all seeing outsized games. But it wasn't just big tech. The

1:01.7

XHB home builder E. T. ETF was up more than 3% today and more than 6% this week.

1:06.7

And R.H. Restoration Hardware soaring 25% today on the back of its earnings, posting its highest close since April.

1:13.8

Meanwhile, with the prospect rising for a 50 basis point cut by the Fed next week, rates were

...

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