Markets and Inflation, Shutdown Deadline Looms, FedEx Spinoff Plans, Nike’s Turnaround Push 12/20/24

With the broader market on track for its worst week in months, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to PCE -- the Fed's preferred inflation gauge. A midnight deadline looms for Congress to pass a stop-gap funding bill and avoid a federal government shutdown. Also in focus: The Trump-Musk effect on lawmakers, FedEx plans to spin off its freight business, Nike's earnings beat and turnaround strategy, Novo Nordisk shares plunge on obesity drug trial results, bitcoin's rough week. Squawk on the Street Disclaimer