The Trump Trade Rally and a Fashion Faux Pas for Luxury Retail 7/15/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 15 July 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks and sectors that would be buoyed by a Trump victory in November soared today on expectations for a GOP win. How you should play the moves, and what a Trump presidency could mean for the markets and the economy. Plus shares of Burberry sinking after a CEO shake-up. We’ll dive into the company’s struggling turnaround and the impact on the high-end retail sector. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nazak Market site in the heart of New York City Times Square
0:05.7	This is Fast Money. Here's what's on tap tonight. The Trump Trade in
0:09.1	Rally Mode from Bitcoin and Energy to the former president's media company itself, the names that would benefit
0:14.3	from a GOP wind surging today.
0:16.6	How you should play these moves, we will break it down.
0:19.1	Plus the luxury lowdown shares of Burberry sinking after a seat, sweet shakeup, and taking other luxury retailers. low down
0:24.1	shares a burglary sinking after a seat shakeup and taking other luxury retailer stock down with it. Is this high-end pullback a sign of deeper concerns for the consumer? We'll debate that and later
0:30.9	banking on gains after earnings Tesla tries to rev back up and the ABCs of what
0:35.6	could be Alphabet's biggest deal ever, what Google's parent company is looking to buy and
0:40.2	why.
0:41.2	I'm Melissa Lee coming to you live from Studio Be at the
0:42.8	Nasak on the desk tonight Tim Seymour Karen Feinerman Dan Nathan and
0:46.1	Gaiadami. We begin with a pivotal announcement out of the Trump campaign
0:49.8	this afternoon. Former President Donald Trump announcing via Truth Social that
0:54.0	Ohio Senator J.D. Vance will be his running mate for the 2024 Republican
0:58.3	ticket. The decision coming just two days after a gunman attempted to assassinate
1:02.2	Mr. Trump at a campaign event in Butler, Pennsylvania.
1:05.6	Aiman Javros is live at the Republican National Convention in Milwaukee with the very latest Aaman.
1:12.1	Hey there, Melissa.
1:13.0	Well, the very latest is that J. Vants has taken to the floor here in the arena in Milwaukee
1:17.6	to greet supporters and do a victory lap of sorts.
1:20.6	He's been working the floor, talking to delegates, shaking hands, giving fist bumps
	...

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