CNBC's "Fast Money" S&P 500 Nears Record High… And A Flex In The Weight Loss Drug Space 6/24/25
5 snips
Jun 24, 2025 The S&P 500 is approaching record highs as investors react to recent Middle Eastern developments. FedEx shares are struggling despite positive earnings, casting shadows over the logistics sector. Exciting news in the weight loss drug space unfolds with Scholar Rock's promising trial data and CEO insights. Meanwhile, financial innovations emerge in the stablecoin market, reshaping payment dynamics. Overall, the podcast navigates through the volatile interplay of stocks, geopolitics, and new medical breakthroughs.
AI Snips
Chapters
Transcript
Episode notes
Fed's Rate Cut Timing Insight
- Fed Chair Powell and several officials suggest rate cuts are unlikely until inflation impact from tariffs is clearer.
- Markets price in more certainty for September and December cuts than July.
MasterCard Embraces Stablecoin Integration
- MasterCard is integrating a new stable coin to stay relevant amid merchant-issued stable coin trends.
- The established payment networks are likely to pursue parallel strategies to maintain competitiveness.
Heat Boosts Utilities, Hits Consumers
- Utility companies that own generation in restructured markets benefit more from high demand in extreme heat.
- Consumers face higher electricity bills, projected at the highest level in over a decade this summer.