Rates Rise After hot CPI data… And The Latest On China’s Property Crisis 02/12/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 12 February 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rates on the rise, with the 10-year yield seeing its biggest jump in nearly two months. The hotter-than-expected CPI print sending treasuries higher, and what it could mean for the Central Bank’s next rate decision. Plus China’s real estate developers too big to fail? The latest in the country’s property crisis, and how regulators are looking to fix the problem. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nazak markets, I'm in the heart of New York City's Times Square.
0:03.1	This is fast money. Here's what's on tap tonight.
0:05.7	All revved up Ford CEO Jim Farley saying President Trump's early tariff moves are threatening to, quote,
0:11.3	blow a hole in the auto industry and open the door for foreign cars to flood our shores.
0:15.7	The details on this blunt assessment coming up.
0:18.1	Plus 18 and counting.
0:20.0	Meta's magical run rolls on. Now up 18 straight days
0:23.8	and more than 18 percent during this winning streak. We'll ask the chartmaster where the stock
0:28.3	is headed from here. And later, inside the numbers of Robin Hood results, the details on Chevron's
0:33.5	major job cut announcement, and CBS mounting a massive comeback. What is behind the rebound?
0:39.3	I'm Melissa Lee. Home to you live from studio, B at the NASDAQ on the desk tonight.
0:42.7	C. Grasso, Karen Feinerman, Carter Worth, and Guy Adami. We start off with the great rate rise,
0:47.7	yields on 10-year treasuries spiking back above the 4.6% mark, seeing their biggest basis point
0:53.3	jump in nearly two months.
0:55.0	The move coming after a hotter than expected CPI print for January, consumer prices rising
1:00.3	more than expected 3% from a year ago, excluding food and energy prices rose 3.3%.
1:06.6	That news slash hopes for a Fed move anytime soon. Markets now pricing in the central bank will cut rates just one time this year.
1:14.4	Stocks initially sank on the report, major indices all down over percent at the lows,
1:18.7	but end of the day, well off the worst levels.
1:20.6	The NASAC even managed to eke at a small gain.
1:23.0	So markets come to terms of the prospect that rates will be higher for longer.
1:26.8	That may be inflation could be stickier for longer, Guy.
	...

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