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CNBC's "Fast Money"

Stocks Snap Losing Streak… And Impact From China’s Sanctions 1/3/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 3 January 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Markets closing out the week with a bang, as the S&P 500 and Nasdaq snap 5 day losing streaks. What the start of January could say about 2025 trading, and the latest comments from one Federal governor. Plus China targeting dozens of U.S. companies with new sanctions.The impact on markets, and what it means for U.S.-China relations. Fast Money Disclaimer

Transcript

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0:00.0

Thank you, John, and indeed it does live from the NASDAQ market site in the heart of New York City's Times Square.

0:07.5

This is fast money, and here's what's on tap tonight.

0:09.8

Back in the win column, after five straight days of losses, the S&P closes the week with a solid rebound.

0:15.8

Could this kick off a jubilant January?

0:18.7

We'll debate that.

0:20.0

Plus, big booze warning, the surgeon general wants

0:22.5

additional labels on alcoholic beverages, alerting users to potential cancer risks. The hangover

0:29.1

for this sector is real, and later, the ripple effects of President Biden's decision to block

0:35.3

the U.S. Steel Deal. Bitcoin strong starts at 2025,

0:39.0

and tapestry keeps rocking. How long will the run last? I'm Tyler Matheson, in from Melissa Lee.

0:45.7

Coming to you live from Studio B at the NASDAQ on the desk tonight. Table for three in the studio here.

0:51.5

Karen Feinerman, Steve Grasso, and coming in remotely, Tim Seymour and Julie Beal.

0:56.3

Tim, welcome back from a nice holiday. Good to have you back with us.

0:59.7

And we start with the markets on the rebound. The NASDAQ and S&P, both rising more than a percent,

1:05.4

breaking five-day losing streaks, longest since April. The Dow is up 340 points on the day,

1:10.8

breaking a four-day down draft

1:12.4

itself, higher by almost 2 percent there. Meanwhile, U.S. Treasury rates on the rise, continuing

1:18.8

the yield on the 10-year, touching 4.6 percent again just in the last hour. The Fed Governor

1:24.4

Adriana Coogler sat down with our Steve Leasman to discuss what's coming from the

1:28.9

central bank in 2025.

1:31.2

For all the headlines from that interview, let's join Steve now.

1:34.4

Hi, Steve.

...

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