11 Oct 2024

Markets Hit New Highs as Earnings Season Kicks Off, and Tesla Robotaxi Reveal Fails to Impress 10/11/24

CNBC's "Fast Money"

In this podcast episode, the hosts explore the current economic landscape, noting the impressive highs of the S&P 500 and Dow Jones fueled by strong bank earnings. They discuss the implications for consumer sentiment and interest rates, with a focus on China's expected stimulus measures and the challenges posed by extreme weather on the insurance sector, which is driving up costs and inflation. The conversation also critiques Tesla's unveiling of its robo-taxi and the subsequent market reactions, while maintaining that the company's long-term potential remains promising despite immediate hurdles. Additionally, they touch on the possibility of a manufacturing revival in the U.S. ahead of the upcoming elections, highlighting the importance of skilled labor and vocational training. The episode wraps up with a look at Netflix's earnings report, reflecting both analyst optimism and skepticism.

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