New Record Highs, Chinas Continued Crackdown, Branson Blasts Off

Published: July 12, 2021, 3:37 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber began with a closer look at China\\u2019s continued crackdown, with a new Wall Street Journal article reporting that TikTok owner ByteDance shelved its IPO plans after receiving a warning from government officials. The social-media giant was last valued at $180 billion. Plus, Sir Richard Branson won the billionaire space race, following Virgin Galactic\\u2019s successful flight over the weekend. Our Morgan Brennan was live from New Mexico and caught up with the billionaire founder. And, the Nasdaq and S&P notched new record highs ahead of a busy week of earnings. JPMorgan and Goldman Sachs both set to report tomorrow morning before the opening bell.'