4.3 • 1.2K Ratings
🗓️ 12 May 2025
⏱️ 44 minutes
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0:00.0 | Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money. |
0:06.9 | Here's what's on tap tonight. |
0:08.4 | Buy America is back again following the U.S. and China agreeing to a temporary rollback on tariffs. |
0:13.9 | Stocks posting and off the charts move higher. |
0:16.1 | But does this relief rally have legs? |
0:17.8 | We'll debate that. |
0:18.6 | Plus, drug pricing drama. The president signing an |
0:21.4 | executive order aimed at lowering prices here in America for medicines. The sector slumping early in |
0:26.5 | the day before rebounding, we'll find out why the stocks didn't about face. And later, inside |
0:31.1 | Disney's monster 20% move over the last week. What's behind R.H and Wayfair's couch surfing surge? |
0:37.1 | And now two of our traders are |
0:38.2 | handling the big move in banks. I'm Melissa Lee. Come to you last and studio be at the NASDAQ on the |
0:42.8 | Destinite. Tim Seymour, Karen Feinerman, Dan Nathan, and Bono and Eisen. And we start off with the |
0:47.9 | monster move for stocks. The market surging as the U.S. and China temporarily slashed tariffs following a weekend in negotiations. |
0:58.4 | The Dow rallying more than 1,100 points, while the NASAC spiked more than 4%. The S&P 500 up 3%. |
1:00.4 | Chipmakers among the big winners, the SMH semiconductor ETF rising 6% today. |
1:05.3 | Invida, AMD, Qualcomm, leading the charge. |
1:08.0 | NVIDIA now up 13% just this month. |
1:10.4 | Traders also piling into consumer |
1:11.7 | discretionary names, the sector up almost 5%. Lulu Lemon soaring almost 9% and Nike jumping 7%. |
1:18.6 | The transport's also having a big day. The group up more than 1,000 points since April 9th. |
1:23.6 | With all of the risk on gains, the benchmark 10-year yields climbing now back near 4.5%. |
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