so, if you look at the gdx, it's 12% of the gdx and newmont is up 30% for the month.m's point, i think gold miners have caught up, and maybe they have a little more room to run >>> coming up, we're digging into today's market action how this morning's gdp results meant. and how could it all impact the fed's next move. don't go fir m more "fast money" in two. >>> missed a moment of "fast?" 'rba rhtftasfast money" podct. wee ckig aer this. >>> welcome back to "fast money. stocks closing well off the lows of the session, but still down after gdp data came in well below expectations the s&p and nasdaq ending three-day winning streaks. >>> rubrik debuting on the new york stock exchange today. shares closing more than 15% higher than its opening. >>> shares of ibm down more than 8% after missing on revenue last night. the stock's worst day since 2021 and shaved nearly 100 points off the dow. >>> and microsoft shares are still higher by about 4% the call just kicking off. we'll bring you all the details as soon as they cross the tape. >>> rates surging after that gdp report

check out newmont corps, chipotle and union pacific newmont on the gold trade, in the green.an otherwise down take, tyler, some positivity to end things on. back over to you >> we're grateful to you for that, dom. thank you very much. >>> yields on the move as well on the back of that gdp report with the two and ten-year hitting five-month highs let's check in with rick santelli for that. hi, rick >> indeed, warmer inflation, cooler growth. i can weigh in on these numbers and give you personal opinions where i think growth is going to go or inflation will be, but the numbers today were disappointing on growth, and they were warm on inflation, period. 1.6 is not 2.5% as expected and less than half the look at 3.4 consumption on the weak side the price index jumped from 1.6 to 3.1 what everyone was talking about was the core pce price index quarter over quarter metric that jumped from 2% to 3.7%, 0.3 hotter than expectations 1.7% hotter than the rear-view mirror it's hard to ignore those numbers. if you look at intraday of two-year note yields, you can see they jumped on the nu

a lot of the gold miners today whether it's newmont or barrett gold, their up around 2% with a couplee before the opening bell. stuart: and we should say we were looking at the price of gas as we look at it con stabilitily, regular has reached $3.60 on average. it's been gradually rising. it's up about 30-40 cents in about 6-7 weeks which is a consistent move up. that will affect inflation. lauren: yeah. because gas is used in everything. u.s. just dose through the economy -- goes through the economy and the manufacturing process and right into your wallets. stuart: crowd oil is down 5 cents a -- this morning, but that makes no difference. bitcoin, show me that, please. bitcoin is now at a $70,000 per coin. it had been $72,000 earlier on today, but you dropped back to 70 as we speak, so gold, bitcoin both down a little this morning. sorry, gold's up $18. what am i saying? lauren: yeah, a record for gold. but the bitcoin halving event just a few days away. it is expected to prop up the price to new all-time highs. stuart: watch out for if etherium. we're locking like they're going to e

number one just beating out newmont.l to which it has risen, ge chart, i have three of them. they are all identical and weekly bar charts. so what ysee here is the first with no an notations, no conclusions, no lines. a second iteration. we know we have that epic sell-off. we are talking about going from 157 to 27. of course, that's the unfortunate nature of math when you drop 82%, you've got to go up almost 500 to get back to where you were. a final chart. what we have here is what it is. a sort of epic, if you will, head and shoulders bottom. we have returned exactly where we were some eight years ago. which is remarkable, of course. a stock -- for eight years. s&p up 150%, the qqq up 300. for ge to get back to the all-time high of 295, has a lot of heavy lifting to do. >> so, from here, it's resistance? is that the bottom line? >> the first instance, where options come into play. if i were long and uncorrected, moved up 50% this year, sell some calls or sell some calls and use the premium to buy some puts. but i would

now, the world's largest gold miner, newmont, it is up, wow, over 13% right now. for its largest percent if increase in four years. newmont posted a profit beat for the first quarter due to strong production and sales. gold is hot right now. >>> and next up, this: president joe biden, he's cashing in the chips in a visit to upstate new york, releasing billions in chips act money as micron plants its roots in syracuse, new york. we're going to have details on the semiconductor story in moments. and a tick texas competitor is here -- tiktok competitor is here to tell us why he think it is chinese-owned video app should be banned and why you should join his app instead. and it may be a rough day for the dow but not for america, it is at the top to have dow -- merck, it is at the top of the leaderboard after raising its 2024 profit forecast. look at that up over 3% right now. "claman countdown," we're coming right back. ♪ to to known for following your dreams. known for keeping with tradition. known for discovering new places. no one wants to be known for cancer, but

last year newmont bought newcraft and i thought it would be another sad sack gold deal almost all ofre bad. no, it was able to produce much more gold than expected, lower costs, and that's how you outrun the economic sbrak drop, faster revenue growth and lower expenses gives you a 12% rally so much was good here from the return ofhigh yielding chinese customers, they're back, to the fact that the repeat rate here is 30% higher than it was in 2019 there are some powerful sector themes that can trump the noxious backdrop, and travel fits the bill. remember the travel statistics previous friday, well, it's looking at royal caribbean's got the same great thing going speaking of the resurgence of the chinese consumer we heard from boston scientific, great medical device company, that the china market's now roaring with strong double-digit growth for seven of their eight business units. who would think that china's coming back for some companies this company, by the way-s prolific it launched 90 new products to give you an astonishing 13% growth rate. what i like best about boston scientif

and guy >> happy wedding anniversary to a cnbc legend bill griffith and his wife >> all right >> newmont mining on the back of what karen was talking about >> thank you for watching "fast money," great to have you. "mad money" with jim cramer starts right now >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a market somewhere, and i promise to help you find it. madam money starts right now. hey, i cramer. i'm just trying to save you a little bit of money. my job is not just to entertain, but to teach you. call me at 1-800-743-cnbc. cash is rook. we said cash is king when the market is so ugly that you just want to get out now. i can't endorse that here. up .20%. i'd be lying if i told you i feel great about this market. especially, the forecast. ever going to get those. let's start with what i think is the real elephant in the room. let's talk about the bond market. at its power bleeds into the stock market every day, and has been a bleeding in a bad way. how does it do that? when the government sells bills, notes, and bond

my price plus plus the haine. newmont can can come bait down the sky. i could look at the electric unit. i'm not locked in the car. model, a guy get lots of lots and lots of tight. and the perio de, the product life can with may often by and hope the bulk of it was making that into the base. it was for most of the. yeah, but we haven't even event. and a mom, the young son has to stop as hot. i feel like he comes out for dates. hayes need more click a lot, a few of us funny. but the and handler stuff handle that. i defy. he only those x i very out before hand. what could i have that the year was? if this sunday, there's a box that didn't, and if i'm really involved, but the, the, the, the probably the hiding scattering the 2 people on time as the main finder, that you could and then arm to go to the hi mason arms on me to the task of safe have to pay the binding band withdrawal stuff and the time a long, so careful and service expert. i've had new hopes to pick north marysville, but the time is so fast. open the full day, want to call them on me from leg

something jim grant was talking to maria about earlier, curiously the gold stocks if you look at newmontrgest gold mineers in the world trading almost at five-year lows, i interpret as market saying doesn't believe price of gold is sustainable, so we have this -- you are absolutely right up 14, 15% year-to-date, but if investors aren't willing to put money where mouth is buy gold because they don't think gold is sustainable does that mean the spike in gold is just temporary? >> well, the presumption that is gold stocks lead i think your analyze one hundred percent correct, the gold minors reflect lack of confidence that this move in gold is real and sustainable. i happen to think that western investors are missing it because frankly not buying gold bullion either if you look at flows in tlb, settles this move built on purchases by foreign central banks foreigner investors not western demand that is driving the move in gold. so we sat out entire move bullion and miners i think you that is yet to come when we wake up there is a massive ddollarization going on vertically in anticipation of

on the positive side, newmont climbing for a fourth straight day.tly breaking above 2,300. on the negative side, enphase energy cutting its price target. that's your power check. each of the indexes up about a percent. let's get a cnbc news update. >> the biden administration will soon roll out a new student loan proposal that could forgive debt for as many as 10 million americans. the plan is not as sweeping as the first debt relief strategy that the supreme court ultimately blocked according to "the wall street journal." the president is expected to provide details in a speech on monday. >>> 500 manhattan residents were reportedly sent notices to appear as jurors in donald trump's criminal trial. it could take weeks to reduce the pool to 12 people. trump is accused of falsifying business records after allegedly issuing hush money payments to stormy daniels days before the 2016 election. the trial is supposed to begin april 15th. >>> and italian police say exploited workers in milan produce d bags which employed unauthorized chinese subc subcontrac

you know with, a couple of months ago or one month ago analysts were downgrading newmont mining and barrett gold to sells, you know, basically holds and sells. these stocks are now up 30% since those downgrades. wall street has got this trade completely wrong. you should just buy these stocks. i manage a gold fund, the euro propacific gold fund, people can buy that no load. if you want to buy individual stocks, i give you a couple of names, pan-american silver for silver. just buy 'em. you don't have to wait for a dip. they're cheap. even though they've gone up so much, you've just got to get into these names. it's a stealth bull market, and especially if you were foolish enough to buy any of these bitcoin etfs, you should sell them right now before the market closes, take that money, put it into some gold stocks. bitcoin is fool's gold. you want to own the real thing. and if you really want to make ten times your money, fifty times your money, i think you can do it in these junior mining stocks. liz: junior mining stocks, two names, aem and paas for those of you -- >> well, those aren't ju

newmont mining. rtx. and kraft heinz up 122 in a row. managed care stocks down sharply today.tors were hoping for a larger increase in rates. the whole sector under pressure. >>> president biden and chinese president xi jinping holding a phone call today, tackling issues ranging from tiktok ownership to economic relations. the white house saying the almost two-hour call was a way for the leaders to check in and manage their strained relationship. it comes two days before treasury secretatariretary jan yellen travels to china. stephen, what should we expect, if anything, out of secretary yellen's visit to why that. >> well, it comes at an important time, melissa, as all these visits do. first of all, when you're talking about the xi/biden call, you have to cut the time in half because of consecutive translation, so, they each got maybe, i don't know, 45 minutes of air time, but secretary yellen has got to deal with this imbalance between supply and demand, which is putting too many chinese goods into the market right night and a source of concern for the u.s. i was in beijing l

but anyway, newmont this coming this week. by the way, here's a quick check of your somebody. look at the snow still hanging on a little bit. they might build on that just a little bit with a dusting this weekend with whatever moisture they can scrounge up. but those snow levels are going to be really high starting off the on 8,000 feet, maybe dropping to 6500 feet when the whole system moves on out. >> got 50's for the next couple of days. meanwhile and tahoe 61 thursday. sure, that's a little chilly for the so-called like summer type or spring activities. there. but the season is young. got your onshore winds at work. that's over about the next 48 hours. time period. then we're done with that. there's the flip as the high pressure has to position itself. just right. not quite there yet. wednesday morning with the offshore winds, beacon conditions have been fairly wet recently were probably okay. but that's mostly affecting will affect solano county. just a quick check in the moisture levels here. we're fairly dry even though we have this onshore wind event. this is tomorrow

and guy >> happy wedding anniversary to a cnbc legend bill griffith and his wife >> all right >> newmontkaren was talking about >> thank you for watching "fast money," great to have you. "mad money" with jim cramer starts right now >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a market somewhere, and i promise to help you find it. madam money starts right now. hey, i cramer. i'm just trying to save you a little bit of money. my job is not just to entertain, but to teach you. call me at 1-800-743-cnbc. cash is rook. we said cash is king when the

it's led by ge aerospace, followed by marathon petroleum, meta is in there as well as newmont as a goldace accidents. so talk to your agent about workers's comp insurance from pie, or visit pieinsurance.com. safety first, then pie insurance. you've got xfinity wifi at home. take it on the go with xfinity mobile. customers now get exclusive access to wifi speed up to a gig in millions of locations. plus, buy one unlimited line and get one free. that's like getting two unlimited lines for twenty dollars a month each for a year. so, ditch the other guys and switch today. buy one line of unlimited, get one free for a year with xfinity mobile! plus, save even more and get an eligible 5g phone on us! visit xfinitymobile.com today. >>> we've seen the prc pursue unfair economic practices, including imposing barriers to access for foreign firms and taking coercive actions against american companies. i strongly believe this not only hurts american firms, ending these unfair practices would benefit china by improving the business climate here. >> that's the treasury secretary janet yellen not minc