Trump’s Fed Fire Fight… And Eli Lilly’s Weight Loss Win 8/26/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 26 August 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump looking to remove Fed Governor Lisa Cook after allegations of mortgage fraud. The battle brewing at the central bank, and how she’s fighting back. Plus A major win in Eli Lilly’s weight loss ambitions. The pill trial results pushing that drug towards approval, and what it means for the obesity drug wars. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square.
0:05.0	This is fast money.
0:06.4	Here's what's on tap.
0:07.8	You're fired or not.
0:10.0	President Trump wants to ax Fed Governor Lisa Cook after mortgage fraud allegations,
0:14.0	but she says she's not going anywhere.
0:16.9	So what now?
0:18.2	One pill to rule them all.
0:20.8	Eli Lilly's obesity pill trial results, that shares that stock much higher.
0:25.1	And also had a regional bank breakout, why parents of some college students have finally come to their senses, and the technical take on AI's energy demand.
0:36.3	Hi, everybody. Good to see you again.
0:37.6	I'm Brian Sullivan, in for Melissa Lee, coming to you, as always, live from Studio B at the
0:41.5	NASDAQ market site on your desk tonight.
0:44.7	Courtney Garcia, Dan Nathan, Guy Dami, and Katie Stockton, founder and managing partner of
0:50.5	Fair Lead Strategies.
0:52.3	Welcome, everybody.
0:53.5	All right, we're going to get to the macro markets in a moment.
0:56.4	But we're going to begin tonight with the fight rocking the Fed.
1:00.0	President Trump's decision to fire, or at least try to fire, Federal Reserve Board
1:04.9	Governor Lisa Cook. The president was asked about the potential firing during today's
1:09.9	White House cabinet meeting.
1:15.4	She seems to have had an infraction and she can't have an infraction, especially that infraction,
	...

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