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

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CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.