Carl Quintanilla, Jim Cramer and David Faber discussed the markets recouping most of their losses from Monday's sell-off, which was sparked by fears about the omicron variant spread. Cramer says December 21 historically marks the start of the "Santa Claus Rally.” Carl makes a surprise announcement: Like Jim, he has tested positive for COVID-19. David Faber had an exclusive and wide-ranging "exit interview" with Disney's Bob Iger, who is stepping down as chairman at the end of the year,
following a 15-year run as CEO that ended in 2020. Micron shares topped the Nasdaq 100 in early trading: CEO Sanjay Mehrotra joined the program exclusively to discuss the chipmaker's upbeat quarterly results and guidance -- and why he sees chip shortages easing in 2022. Also in focus: Nike leads the Dow higher on an earnings beat despite supply chain issues, plus a look at how investors should approach pharma/vaccine/test kit stocks as President Biden prepares to outline his strategy for combating the omicron outbreak. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street