Yields and the dollar moving sharply lower after the U.S. Treasury pledged to step up debt buybacks. The traders debate whether the move just gave stocks the all-clear. Then, Mizuho’s Jared Holz reacts to the huge moves higher in Moderna and Merck, after the pair’s personalized cancer vaccine succeeded in a pivotal trial. Plus, new signs OpenAI is falling behind Anthropic, Target delivers a bullseye for investors and a humanoid robot maker’s massive Shanghai debut.<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.

Treasury intervention sparks rate relief... And Moderna’s cancer moonshot 8/19/26

CNBC's "Fast Money"

Live from the Nasdaq market site in the heart of New York City's Times Square, this is Fast Money. Here's what's on tap tonight. Some massive moves in dollar-denominated assets as long-term treasury yields drop sharply. The reason for the moves and what it could mean for markets this year. Plus, Moderna and Merck soar on promising results for their cancer vaccine. Target hits a mark after earnings. Marvell inks a deal with Google. And a Chinese maker of humanoid robots makes a big splash in its market debut.

We make sense of the shares day one pop and what it can mean for Elon Musk's ambitions in space. Look at those robots. Amazing. I'm Melissa Lee. Come to you live from City of B at the Nasdaq. On the desk tonight, Tim Seymour, Dan Nathan, Guy Adami, and Stu Kaiser, head of equity trading strategy at Citi. And we start with a couple of big moves catching our eyes today. Gold prices jumping nearly 3%, settling above 4,500 for the first time since early June. The precious metal now up 15% from the lows of the year.

Miners coming along for the ride. Hecla, Core, I was going to say Deline, but it's no longer Deline. Agnico Eagle and Anglo Gold all with double-digit gains. The GDX ETF seeing its best day since November 2022. Digital gold also in rally mode. Bitcoin bumping up against the $70,000 mark. Trading at its highest in two and a half months. Crypto-adjacent trades like Strategy, Coinbase, Amera Holdings jumping as well.

And the dollar moving sharply lower after the U.S. Treasury said it would double the amount of debt buybacks over the next few months. That helped relieve some of the pressure on 30-year yields, which pulled back from two-decade highs just...

Treasury intervention sparks rate relief... And Moderna’s cancer moonshot 8/19/26

Read the full transcript

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

Treasury intervention sparks rate relief... And Moderna’s cancer moonshot 8/19/26

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.