Meta shares continuing to climb, now up 25% since launching Muse, and with the latest hardware unveiling at its ‘Connect’ conference, the optimism seems to grow and grow. Where it places the social giant in the AI race, and how they can get ahead of the competition. Plus, the latest developments out of the Trump/Xi summit, Costco on the move after reporting results, and an AI alarm bell: why a professor is calling for OpenAI to be shut down amid what he’s calling a “crime spree”.<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.

Meta’s Rally Keeps Rocking… And A Major AI Safety Warning 9/24/26

CNBC's "Fast Money"

[SPEAKER_09] Live from the Nasdaq MarketSite in the heart of New York City's Times Square, this is Fast Money. Here's what's on top tonight. A monster move in meta. Shares jumping again today and on pace for their second best month on record. But is Muse-led spark sustainable? We'll debate that. And Presidents Trump and Xi holding high-level, high-stakes meetings in Washington. All the headlines from the bilats and where the relationship between the two superpowers stands right now. Plus, Treasury yields mark another big milestone.

[SPEAKER_09] Oracle sends a warning about its status center build-out and countdown to Tesla's semi-launch. What should we expect from tonight's rollout event? And will it move the needle for the EV stock? We'll get some answers. I'm Melissa Lee live from Studio V at the Nasdaq. On the desk tonight, Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami.

[SPEAKER_09] And we're going to get to meta in a moment, but we start off with another massive move in Treasury yields. Ten-year rates yields hitting fresh 19-year highs, surpassing a 5.2 percent level for the first time since June of 2007. That is after a 15 basis point jump yesterday. That was its biggest gain in over a year. Long-term 30-year yields hitting fresh 22-year highs, passing the key 5.5 percent level, while two years inched even closer toward 5 percent.

[SPEAKER_09] What does it say that we didn't see a pullback today, Guy?

[SPEAKER_03] Shocking, actually. Again, we play the game. If you had told me, well, Mel, if you had told me you'd have a historic move yesterday in the bond market, followed by this move today, where's the S&P? Down easy, 150 handles. And obviously, that's not happening. It's incredible to the VIX is where it is.

Meta’s Rally Keeps Rocking… And A Major AI Safety Warning 9/24/26

Read the full transcript

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

Meta’s Rally Keeps Rocking… And A Major AI Safety Warning 9/24/26

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.