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CNBC's "Fast Money"

Stocks surge as investors welcome Fed Chair Powell’s dovish speech from Jackson Hole 8/23/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 23 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Markets ending the week on a very high note as investor optimism surrounding a September rate cut grows thanks to Fed Chair Powell’s remarks from Jackson Hole. Plus, tech is back in the spotlight as the market gears up for what could be a make-or-break earnings report from Nvidia. Fast Money Disclaimer

Transcript

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0:00.0

Yes, we are live from the Nasdaq market side on Broadway in the heart of New York City's Times Square.

0:06.5

This is Fast Money.

0:07.5

Here's what's on top tonight.

0:08.5

Jackson Hole jump with four words, the time has come.

0:12.6

Fed Chair Powell added fuel to this robust recovery rally,

0:15.9

from housing, the regional banks, to small cap stocks

0:18.6

ending the week on high note,

0:20.1

can the good vibes last will debate.

0:22.0

Plus, here comes, Invidia, it's the next make or break moment for your money.

0:26.3

Can the AI darling keep charging higher?

0:28.4

Will it falter in short circuit the summer surge?

0:31.4

The forecast straight ahead. And later, salad days for kava glowing returns for

0:36.0

uranium and the traders bring us their most important chart ahead of next

0:40.0

week's action I'm Leslie Picker in for Melissa Lee coming to you live from

0:43.5

Studio B at the Nasdac on the desk tonight. Karen Fineman Steve Grosso's

0:47.1

Tim Seymour and Carter Wirth. Thank you guys for being here and we start with

0:52.4

the bullish setup for next week the down Nasdak in S&P 500 up or than 1%

0:57.2

today after Fed Chair Jerome Powell indicated rate cuts are ahead. The doubt

1:01.4

climbing 462 points while the NASDAQ jumped

1:03.7

258. Treasure yields also falling today. Today's big winners included

1:08.4

home builder stocks. Toll Brothers leaping more than 5% while Lenar and D.R. Horton hit record

1:14.3

highs the gains coming on the back of new home sales reaching their highest

...

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