The "Biden Transition Rally", Yellen As Treasury Secretary?, The COVID-19 Effect, And Elon Musk Keeps Getting Richer
Squawk on the Street - A podcast by CNBC
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Carl Quintanilla, Jim Cramer and David Faber discussed the rally for stocks on this first trading day since the Trump Administration officially authorized the Biden presidential transition. With President-Elect Biden expected to nominate former Fed Chair Janet Yellen as his Treasury Secretary, the anchors took a closer look at what such a decision could mean for the markets. They also explored a question Jim asked about this rally: "Where are the profit takers?" Also in focus: Vaccines amid the continuing surge in COVID-19 cases, retail earnings ahead of "Black Friday," and Tesla's Elon Musk becoming the world's second-richest person. The CEO of Medtronic appeared on the program to the discuss his company's earnings and the effect the pandemic had on the company’s results.
