Bulls Rule In November, Salesforce Surges, Musk's X-pletive 11/30/23
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On the final trading day of a bullish November for stocks, Carl Quintanilla, Jim Cramer and David Faber discussed what investors should make of the Fed's preferred inflation measure: Core PCE moderated in October from the previous month's year-on-year increase. Salesforce shares surged after the company raised operating margin guidance and posted a Q3 earnings beat, helped by cost-cutting measures. The anchors also reacted to comments Elon Musk made at the DealBook Summit Wednesday. Musk's message to advertisers that pulled out of his "X" social media platform: "Go f--- yourself." Also in focus: Nelson Peltz seeks two seats on Disney's board, earnings winners and losers, Ford's guidance, Abbvie to buy Immunogen for $10.1 billion, "Faber Report" on a potential Cigna-Humana deal, Chicago PMI surprise, OPEC+ agrees to an additional supply cut. Squawk on the Street Disclaimer
