November Trading Kicks Off with New Record Highs, Teslas Rally Rolls On, Barclays CEO Staley Steps Down, 2,200+ American Airlines Flight Cancellations and Coca-Cola's BodyArmor deal
b'With the S&P coming off its best month since November 2020, Carl Quintanilla, Jim Cramer and David Faber explored what\'s next for stocks, with major indices hitting fresh record highs at the open on the first trading day of November. The anchors also delved into Tesla\'s record run and why the stock continues to rally without any fresh news to drive it higher. A shake-up in the banking world: Barclays announcing Jes Staley stepped down as its CEO, following an investigation into his relationship with disgraced financier Jeffrey Epstein. More travel trouble for American Airlines: Since Friday, the carrier has canceled more than 2,200 flights, citing poor weather and labor shortages. Carl, Jim and David compared American\'s cancellation problems with those of Southwest Airlines. On the M&A front, Coca-Cola confirmed it is acquiring the 70-percent of sports drink maker "BodyArmor" it doesn\'t already own -- the transaction valued at $5.6-billion. Also in focus: The road ahead for FAANG and retail stocks, The G-20 summit and the U.S. agreeing to relax tariffs on European steel, and Treasury Secretary Yellen meets U2\'s Bono.'