EV Startup Rivian: The Biggest IPO of the Year, Three-Decade High Inflation Move, The End of Nasdaq's 11-Day Win Streak, and Discovery CEO Zaslav and Fmr. Honeywell CEO Cote Weigh In On GE's Planned Breakup
b"Jim Cramer and David Faber began the show by discussing the biggest IPO on a U.S. exchange since Alibaba in 2014. Rivian -- the electric vehicle maker backed by Amazon and Ford -- raises more than $11-billion in its public offering and lists on the Nasdaq under ticker symbol RIVN. Jim and David explored Rivian's public debut, its expected valuation and what it means for EV rivals such as Tesla, which saw its shares fall 16% on Monday and Tuesday combined. Inflation also in the spotlight: The Consumer Price Index jumped 6.2% in October for its biggest year-over-year surge since 1990. Two former GE executives joined the program to discuss the company's planned breakup: Discovery CEO David Zaslav and former Honeywell CEO Dave Cote. Also in focus: Nasdaq looks to bounce back after ending its 11-day win streak, and several stocks making double-digit moves on earnings news, including Doordash's big surge."