The Latest U.S.-China Tit-For-Tat… And Fast Money’s Obesity Week Continues 12/3/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 3 December 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tariff threats and trade restrictions are the latest irritations in rising U.S/China tensions. But the Chartmaster Carter Worth says now could be the time to get in. What he’s seeing in the technicals, and how your money can fare in the China trade. Plus Fast Money’s special coverage of the weight loss drug space continues. How one biotech company is standing out from the competition, and how its obesity drug could do more than trim your waistline. Fast Money Disclaimer

Transcript

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0:00.0	Live in the NASDAQ markets, I've been in the heart of New York City's Times Square.
0:03.9	This is fast money.
0:04.9	Here's what's on top tonight.
0:06.4	Time to buy China from tariff threats of trade restrictions.
0:09.6	There seem to be plenty of reasons to tread lightly in the region.
0:12.4	But the chartmaster says, buy.
0:14.0	He will lay out the case.
0:15.2	Plus, betting on Bitcoin, Microsotrategies CEO is expanding his exposure to the crypto in a big way, what it says about where
0:22.0	the coin is heading, and how soon it could hit 100K.
0:25.6	And Obesity Week continues with the CEO biotech Altimune, how its experimental weight loss
0:30.1	drugs sacks up against the competition and where the stock goes from here.
0:34.3	I'm Melissa Lee.
0:35.0	Come to you live from Studio B at the NASDAQ on the desk tonight.
0:41.7	Tim Seymour, Dan Nathan, Guy Adami, and Danny Moses, the founder of Moses Ventures.
0:46.6	We start off with the latest tit for tat in the U.S. China trade relations, Beijing retaliating against the latest chip export restrictions by announcing it will no longer send certain critical
0:51.1	minerals to the U.S. CNBC's Megan Kassell's got the details on this.
0:54.9	Megan.
0:55.8	Hey, Melissa, that's right.
0:56.9	A real ratcheting up of trade tensions with this move today from China to ban the
1:00.8	sales of these rare minerals to the U.S. effective immediately.
1:04.6	Now, this, of course, was a response to the Biden administration's move on Monday
1:07.6	to restrict the export of some chips and chip making equipment and software
	...

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