This episode of Fast Money, broadcasted live from the NASDAQ MarketSite, covers the Federal Reserve's decision to cut overnight lending rates by a quarter of a percent, dissecting the potential impacts and future actions. The panel discusses the Fed's policy in action, the market's reaction, and differing views among Fed members. The show further explores Lyft's partnership with Waymo and its effect on the rideshare market, as well as a discussion on Alibaba's stock performance with insights from Carter Worth. Additionally, the panel discusses recent drug trial results from Eli Lilly and Novo Nordisk regarding weight loss pills, and Meta's upcoming AI-powered smart glasses. Finally, the episode touches on the retail sector's positive performance, highlighting Walmart's potential, and concludes with final trade recommendations from the panelists.
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