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Squawk on the Street

No "Plus" For Disney, Rivian's Market Cap Tops GM and Ford, Tesla's Musk and AMC's Aron Selling Shares, Affirm Soars and Beyond Meat Plunges

Carl Quintanilla. Jim Cramer and David Faber led off the show with a slump in shares of Disney on weaker-than-expected Q4 earnings, revenue and Disney+ streaming subscriber growth: Should you buy on the dips? As for the biggest U.S. IPO since 2014: Rivian extended gains and lifted shares of its rivals one day after its strong public debut. The EV maker's market cap surpassed $90-billion, making it more valuable than General Motors and Ford. Elon Musk sold around $5-billion worth of Tesla shares this week, while AMC Entertainment CEO Adam Aron filed to sell $53-million worth of his stock, which has skyrocketed this year as one of the original “meme stocks.” Also in focus: Affirm soars after the buy-now-pay-later firm expands its partnership with Amazon and beats on quarterly revenue, Beyond Meat tumbles on a wider than expected loss, The inflation debate surrounding oil and gas production -- and honoring the men and women of the U.S. military in observance of Veterans Day.

Broadcast on:
11 Nov 2021