Exploring AI's Influence and Holiday Spending Trends

Carl Quintanilla, Jim Cramer and David Faber explored the market landscape ahead of Wednesday's key Fed decision, as Wall Street debates the depth of a rate cut. The Dow hits a new all-time high as the S&P 500 aims for its own record milestone. Chips in the spotlight: Intel jumps on its foundry business strategy and agreement to produce AI chips for Amazon's AWS. The anchors reacted to what the CEOs of Broadcom and Arm Holdings told Jim Monday night on "Mad Money." Also in focus: Retail sales' positive surprise, Microsoft's dividend hike and new share buyback of up to $60 billion, Amazon's new return-to-office mandate, Oracle Chairman Larry Ellison surpassed Jeff Bezos as the world's second richest man, Cramer highlights a stock he says is a "rate cut winner"

Squawk on the Street Disclaimer