Cooler Inflation Data Fuels Big Market Rally -- and FTX's Sam Bankman-Fried Tweets "I'm Sorry" Amid Crisis 11/10/22

Published: Nov. 10, 2022, 3:58 p.m.

b'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.'