Squawk on the Street

The COVID-19 Effect On Markets From Stimulus To A Record Surge In Cases, 3M's Job Cuts, And Goldman's Bullish Call On Tesla

Carl Quintanilla, Jim Cramer and David Faber discussed Wall Street's hopes for passage of a pandemic relief bill: Democratic leaders on Capitol Hill signaled that a $908-billion bipartisan proposal would be a starting point for negotiations with the White House and Republican leaders. This in wake of COVID-19 cases and deaths in the U.S. set one-day records on Wednesday. The pandemic's impact also resulting in 3M announcing 2,900 job cuts. The anchors reacted to Goldman Sachs hiking its price target for Tesla to a Wall Street high of $780 per share -- and explored the the following question: At what level are you too bullish on Tesla? Also in focus: The parade of SPACs trading for the first time, stock market winners and losers, plus what Salesforce CEO Marc Benioff said at Dreamforce about his company's acquisition of Slack.

Broadcast on:: 03 Dec 2020

Carl Quintanilla, Jim Cramer and David Faber discussed Wall Street's hopes for passage of a pandemic relief bill: Democratic leaders on Capitol Hill signaled that a $908-billion bipartisan proposal

would be a starting point for negotiations with the White House and Republican leaders. This in wake of COVID-19 cases and deaths in the U.S. set one-day records on Wednesday. The pandemic's impact also resulting in 3M announcing 2,900 job cuts. The anchors reacted to Goldman Sachs hiking its price target for Tesla to a Wall Street high of $780 per share -- and explored the

the following question: At what level are you too bullish on Tesla? Also in focus: The parade of SPACs trading for the first time, stock market winners and losers, plus what Salesforce CEO Marc Benioff said at Dreamforce about his company's acquisition of Slack.