Stocks Pop, Citi’s Corbat to Retire, Fraser Becomes First Woman CEO of a Megabank, RH Surges
Squawk on the Street - A podcast by CNBC
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Carl Quintanilla and Jim Cramer start the morning with breaking news out of Citi, as CEO Michael Corbat announces he will be retiring in February. Citi is promoting Jane Fraser to become the first woman CEO of a megabank. Stocks on the rise for a second day, as tech continues its rebound from that massive selloff. And an update from AstraZeneca, as the drug maker said it should know before the end of the year whether its COVID-19 vaccine is effective, if it can resume its clinical trials soon. Plus, Carl & Jim discuss the big movers of the morning from Restoration Hardware parent RH, ZScaler, GameStop, Spotify and beyond.
