Markets Try to Extend Rally, China Tech Stocks Tumble, Tesla's "Redder" October and an Investor's Meta "Verse" for Zuckerberg. 10/24/22
b'After the best week for stocks since June, Carl Quintanilla, Jim Cramer and David Faber discussed a tale of two markets: The major indices look to extend Friday\'s rally as we begin a big week for mega-cap tech earnings, while China tech stocks take a beating after President Xi wins a third term and tightens his grip on power. Speaking of China, Tesla is cutting the price of its vehicles in that country, adding to what has been a rough month for the stock. The anchors also explored a double dose of Meta: Bank of America downgraded the stock to "neutral" and Brad Gerstner -- CEO of tech investment firm Altimeter Capital -- is calling on Mark Zuckerberg to cut costs and reduce spending at Meta. Also in focus: The jump in health-related stocks, the Musk-Twitter deal deadline looms, Schlumberger rebrands itself as "SLB" and Wall Street debates the chances of a recession.'