Chinas Crypto Crackdown, Nikes Supply Chain Challenges, Chip Shortage a Short-Term Problem?
b'Carl Quintanilla and Jim Cramer began with a breakdown of China\\u2019s crackdown on crypto with the country\\u2019s central bank saying all crypto-related activities are illegal. China\\u2019s comments sent prices of Bitcoin and Ethereum tumbling. The anchors stayed with China and got a live report from Eunice Yoon for the latest surrounding Evergrande\\u2019s crisis. Shifting to earnings, the anchors talked supply chain challenges that sent shares of Nike lower, despite the company posting an earnings beat. Jim Cramer says he is \\u201cworried about Nike.\\u201d Also in focus: Elon Musk says the chip shortage is a \\u2018short-term\\u2019 problem while Sec. Commerce Gina Raimondo says the \\u201csituation is not getting better, in some ways it is getting worse.\\u201d'