Omicron Tempers the "Santa Claus Rally," Elon Musk Sells More Tesla Shares, the Chip Sector from a CEO's Perspective, and Apple in 2022: Survey Says...
One day after the "Santa Claus Rally" took a breather despite the S&P 500 hitting a new all-time high, Carl Quintanilla, Scott Wapner and Leslie Picker focused on markets trying to shrug off the omicron variant spread -- as cases surge and businesses try to cope with the outbreak without implementing lockdowns. The anchors also discussed Elon Musk's sale of another $1 billion in Tesla shares - moving closer to his goal of divesting his 10% stake in the company. The stock up 40% in three months, while Rivian, Ford and General Motors jockey for second place in the U.S. autos market cap race. Cypress Semiconductor founder and former CEO T.J. Rodgers joined the program to the share his outlook for the chip sector after a strong 2021. Also in focus: What the latest CNBC Stock Survey says about what to expect from Apple in 2022.
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