Market Reaction to COVID Lockdowns and Developments, a Record High for the Nasdaq, The EV Spaces Week for the Ages and the House Passes Pres. Biden's $1.7T Social Spending Package
b'Carl Quintanilla, Jim Cramer and David Faber discussed market worries about COVID-19, with Austria announcing a nationwide lockdown while Germany tried to tamp down fears that it would follow suit. But in the U.S., FDA authorized use of Pfizer and Moderna\'s COVID vaccine booster shots for all adults. The anchors explored what investors should make of it all and which beaten-down stocks are worth buying. Carl, Jim and David also wrapped up an eventful week on the electric vehicles front -- including Ford\'s plans to boost EV production, a wild ride for shares of Rivian and Lucid, automakers\' market cap battle, Elon Musk\\u2019s Tesla headlines and why Morgan Stanley says a potential Apple car is the "ultimate EV bear case" for some popular electric vehicle stocks. Also in focus: A new record high for the Nasdaq, what\\u2019s next for Macy\'s after Thursday\'s 21% stock surge with Black Friday one week away, President Biden\'s $1.7-trillion social spending and climate package heads to the Senate after being passed by the House, The Nike-Roblox partnership, Earnings movers including a double-digit surge for Intuit, and the pressure Activision\'s Bobby Kotick is facing to step down as CEO.'