After the Rally: Pfizer's COVID Booster vs. Omicron, Apple's Record Run, The EV Battle Intensifies and Stitch Fix Plummets

The morning after the best day for both the S&P 500 and Nasdaq since March, Carl Quintanilla, Jim Cramer and David Faber led off the show with news out of Pfizer and BioNTech: Data shows their COVID-19 vaccine neutralized the omicron variant with three shots. The anchors discussed market moves on that news and reacted to what Pfizer CEO Albert Bourla told CNBC about prospects for an omicron variant vaccine. Apple shares hit a new record high despite a report stating that iPhone 13 production was weaker-than-expected in September and October. Carl, Jim and David explored developments in the EV space: Barclays' note stating Rivian's deposit count lags those of Tesla and Ford, one Wall Street firm gives Tesla a $1580 price target and Ford CEO Jim Farley told CNBC how bullish he is about demand for the company's EVs. Also in focus: Stitch Fix tumbles more than 25%, Southwest's booking guidance, Roku rallies, a rough 2021 for broadband and wireless stocks, and Facebook parent "Meta" allows workers to delay their return to the office in wake of the pandemic. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.