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CNBC's "Fast Money"

The Next Shoe To Drop In Office Space… And Insmed Surges On Drug Results 5/28/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 28 May 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Is there more trouble brewing in the office real estate space? The shocking stat that could mean big problems for lenders, and why the government may need to get involved. Plus Insmed’s incredible day. The pharma stock surging as new drug trial results blow past expectations. What it could mean for the future of the company. Fast Money Disclaimer

Transcript

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0:00.0

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

0:05.6

this is fast money. Here's what's on tap tonight. Breaking record, shares of

0:09.2

NVIDIA keep defying gravity and maybe even logic. The stock now up nearly 20% in just the last

0:15.0

week 32% this month, 130% since the start of the year. How long can this run

0:19.6

continue? We'll debate that. Plus commercial Crunch, a new report painting a bleak

0:23.8

picture about the beaten-up office space area of the real estate market. We'll go

0:27.8

inside the numbers coming up. And later biotech boom, the details and why shares

0:31.6

of InSmed more than doubled today. The

0:33.9

CEO will join us on set and shares of Kava falling after hours despite

0:38.0

posting a big hurting speed investors have been gobbling up the stock all

0:41.0

year we'll find out if they're just full right now.

0:44.0

I'm Melissa Lee coming to you live in City of Be at the Nasak on the desk tonight.

0:47.5

Tim Seymour, Courtney Garcia, Dan Nathan, and Guyadami.

0:50.3

Well the Nasak closing today above 17,000 for the first time ending the day near session highs

0:55.2

and video playing a leading role in the Nasak's milestone. The chipmaker up another 7% today, now

1:00.5

of 20% in just the last week.

1:02.8

We'll have much more on NVIDIA's record-breaking run in markets in just a minute,

1:06.5

but we begin with the growing fear factor in commercial real estate.

1:09.4

A new report suggesting the trouble in the office space market is getting worse.

1:14.0

The N.C. Diana Olic has the exclusive details.

1:17.0

Diana.

1:18.0

Well, Melissa's pain in commercial real estate drags on most acutely in the office space and the prospect for

...

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