Squawk on the Street
Market Sell-Off: Coronavirus Worries, Stimulus Stalemate, Earnings Effect & M&A
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Show notes
Carl Quintanilla, Jim Cramer and David Faber took a closer look at a rough morning for stocks: Worries on Wall Street about rising coronavirus cases around the globe and a continued stalemate in the U.S. surrounding stimulus talks.
Among the big movers: German software company SAP tumbles on weaker-than-expected quarterly results and full-year guidance, hurt by lockdowns due to the pandemic. As for Dunkin' Brands, the parent of Baskin-Robbins
and the former Dunkin' Donuts soaring after confirming it is in talks to be acquired by private equity-backed Inspire Brands -- which owns restaurant chains including Arby's, Buffalo Wild Wings and Sonic.
Also in focus: What's next for Astrazeneca and Johnson & Johnson now that they have resumed late-stage trials for their COVID-19 vaccines.
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