The Market Records Keep on Coming, Remnants of Ida Pummel Northeast, Apple and Alphabet's All-Time Highs, Ford Sales Slump In August, China Crackdown Update, and a $10.5B Deal Is Confirmed.
b'David Faber, Leslie Picker and Mike Santoli explored the road ahead for stocks as the S&P 500 hits a fresh record high. A Wall Street analyst joined them to discuss Apple and Alphabet hitting all-time highs and how you should put your money to work in big tech. The anchors also discussed the remnants of Hurricane Ida, which battered the Northeast U.S. and resulted in massive flooding, record rainfall, tornados and deaths. Leslie showed video and a photo of her morning commute, which highlighted flooding and damage. Autos in the spotlight: Ford vehicle sales tumbled more than 33-percent in August. The anchors and Phil LeBeau discussed everything from Ford cutting back F-150 production in wake of the chip shortage -- to tech investor Cathie Wood tweeting that "Auto buyers are abandoning gas powered vehicles in favor of electric." Also in focus: Shares of Chewy fell sharply after the pet products retailer posted a quarterly miss, Didi and the China crackdown on tech - Beijing ordering eleven ride-hailing platforms to stop "unfair competition tactics", Baxter International confirming it is acquiring medical technology rival Hill-Rom in an all-cash deal valued at $10.5-billion, Hormel falls after downgrading its outlook, Why food company valuations are compressed, and the bankruptcy plan for OxyContin maker Purdue Pharma was approved by a federal judge.'