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