Understanding Evergrande, Dell’s Post-Spinoff Outlook & Flying Cars

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Carl Quintanilla, Jim Cramer and David Faber discuss China’s property market crisis and the Federal Reserve's decision to keep current monetary stimulus in place for just a little bit longer. The Food and Drug Administration has authorized Pfizer and BioNTech’s Covid-19 booster shots for people 65 and older and other vulnerable Americans six months after they complete their first two doses, making many Americans eligible to receive the shots now. Toast shares soared 56% in their New York Stock Exchange debut Wednesday after the provider of technology to restaurants priced its IPO above its expected range, Jim Cramer shares his skepticism. Dell says Q3 2022 expectations remain consistent with guidance after its spinoff of VMWare. Joby Aviation shares jumped almost 8% after Morgan Stanley initiated coverage of the stock with an overweight rating. The investment firm said in a note that Joby appears to have a head-start on getting its in-development vehicles certified by regulators compared to its competitors. Plus, CNBC’s Rick Santelli discussed how yields have fared throughout the year.

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