Cooler Inflation Data Fuels Big Market Rally -- and FTX's Sam Bankman-Fried Tweets "I'm Sorry" Amid Crisis 11/10/22
Carl Quintanilla, Jim Cramer and David Faber highlighted inflation news that sparked a major rally on Wall Street.\nThe Consumer Price Index for October came in tamer than expected, up 7.7% from a year ago. The data fueled investor hopes\nthat the Federal Reserve could take a 75 basis point rate hike off the table for December. With the Nasdaq up 5%, the anchors \nexplored the best ways to play tech now. \nThe FTX crisis also in the spotlight after Binance backed out of rescuing its crypto exchange rival.\nFTX CEO Sam Bankman-Fried launched a 22-part tweetstorm -- including profanity -- leading it off with "I'm sorry.\nThat's the biggest thing." The anchors discussed what's at stake for a crypto market under pressure. Also in focus:\nMark Zuckerberg's message to Meta employees about layoffs. Morgan Brennan talks defense and geopolitics with\nGen. Mark Milley, Chairman of the Joint Chiefs of Staff.