Stocks rising on an unexpected drop in July payrolls, with the Nasdaq pacing for its best week since late April and S&amp;P 500 hitting a record high to close out the week. The traders break down the markets and momentum and if this rally can last into the coming months. Then, Mercado Libre CFO Martin de los Santos lays out the state of emerging market ecommerce and what he’s seeing for the second half of the year. Plus, SpaceX pops and heads toward its IPO price, Airbnb soars after earnings, and the changing tastes of car buyers.<br><br>Fast Money Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets React to Jobs Report… And The State of Emerging Markets 8/7/26

CNBC's "Fast Money"

Live from the NASDAQ market slide in the heart of New York City's Times Square, this is Fast Money. And here's what's on tap tonight. A big week in several key areas of the market, from metals to software and beyond. We dig into the move since Monday and where we go from here. And a read on the emerging market, consumer. The CFO of MercadoLibre, Latin America's biggest e-commerce company, joins after a strong earnings report to talk about the results and how his core customer is positioned now.

Plus, SpaceX shares start to gain some traction. What Airbnb's CEO had to say about the travel industry and time to bet on DraftKings, the sportsbook jumping after earnings. The CEO had lots of predictions about the growth of predictions and sports betting. I'm Contessa Brewer coming to you live from Studio B at the NASDAQ. On the desk tonight, we have Karen Feinerman, Courtney Garcia, Tim Seymour, and Mike Wilson.

And we start off with the moves in the three big M's this week. Let's start with the markets. You've got major stock indices up today. As an unexpected drop in July payrolls raised hopes the Fed will not hike rates next month. The S&P is setting a new record at the close. Those moves since Monday, even more pronounced. All three averages put in their best week since April. The NASDAQ has gained nearly 30 percent from its March lows.

Metals also really having a weak gold, seeing its best performance since January. Silver jumped nearly 10 percent. Copper hit a fresh record just yesterday, though it was in the red today. Miners just along for that ride. The GDX up 21 percent since Monday. Its best week since 2008. And finally, let's get to that momentum.

Markets React to Jobs Report… And The State of Emerging Markets 8/7/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Markets React to Jobs Report… And The State of Emerging Markets 8/7/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.