Record Highs for Stocks, China's $1.4T Stimulus Effect, Musk's Post-Election Windfall 11/08/24

Carl Quintanilla, Jim Cramer and David Faber explored why China's new $1.4 trillion stimulus package disappointed investors, sending Chinese stock markets and 

shares of Alibaba, PDD and JD.com lower. EVs also in the spotlight: Data show Tesla's post-election rally boosted Elon Musk's net worth to $290 billion. The anchors 

also reacted to quarterly results from Rivian and Lucid. Also in focus: New record highs for the Dow and S&P 500 one day after the Fed's rate cut, Nvidia's Dow debut

and milestone $3.6 trillion valuation, earnings winners and losers, Wall Street players looking to influence the incoming Trump Administration.

Squawk on the Street Disclaimer

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.