CNBC's "Fast Money" cover image

CNBC's "Fast Money"

Fed Chair Powell Interest Rate Update… And Hims & Hers Thinning Out 11/14/24

Nov 14, 2024
Dr. Kavita Patel, a former policy director in the Obama administration, shares her insights on the intersection of healthcare and market dynamics. Steve Leisman covers Fed Chair Jerome Powell's latest interest rate update, emphasizing a cautious economic outlook. The discussion also highlights Amazon's surprising move into telehealth, which is impacting Hims & Hers significantly. Both guests delve into the implications of political shifts on public health and how market reactions are shaped by monetary policy uncertainties.
42:53

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Quick takeaways

  • Fed Chair Powell's cautious remarks on interest rates have heightened market volatility, influencing investors' strategies in response to economic uncertainties.
  • Disney's stock surge, propelled by strong earnings and strategic cost management measures, illustrates its adaptability in facing industry shifts amid streaming growth challenges.

Deep dives

Financial Market Predictions

The episode addresses the ongoing research efforts by over 1,400 investment professionals at PGM, focused on emerging trends in financial markets. These experts collaborate across various asset classes, aiming to align their strategies with long-term investment goals. By combining global perspectives with local expertise, they explore investment opportunities that can shape future market dynamics. This collaborative approach highlights the importance of meticulous research in responding to market changes and trends.

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