So, here's a question I was trying to figure out when we're talking about stable coins. If we're right here in the United States, okay, a stable coin is generally pegged to the US dollar. What's the difference between just a digital dollar. Why would I go with a stable coin that's backed by a company when I could just go with the digital dollar and just use it here.>> So, the main difference is really about the networks on which you're processing the transactions. So, traditional banking dollars go through ...

A lot of people think it was valuation concerns that led to the sell-off. Uh pointing to Palunteer 250 times forward earnings, obviously a very elevated valuation. Why do you think all of a sudden valuations are becoming a concern.Is it the other things out there like the government shutdown, inflation, or is it just simply valuation. >> Yeah, I I think it's a a combination of all the above. The valuations were extreme, but they were extreme going into this.So, uh the that's the headline to fit the narrativ ...

All right. So, so Craig, you know, this is a market focused show, but I do have to talk about the intersection of DC and Wall Street right here. Uh, we saw Democrats win two very high-profile elections in New York and New Jersey.We also saw the Democratic party win a redistricting fight in California. At the same time, this is the one-year anniversary of the president being elected and the longest shutdown in US history. A lot of intersections here.Do you think that those uh elections, were they really a li ...

Third quarter results just out from WGOI maker Novo Nordisk. The Danish company lowering its fullear profit and revenue forecast. Novo CEO citing lower growth expectations for GLP-1 treatments.Separately, the Wall Street Journal now saying the White House speaking with Nova Nordis and Eli Liy about making some of their obesity drugs available on a proposed government-run website for $149 a month. The report says Medicare and Medicaid would cover the drugs for weight loss. We're going to speak with the CEO o ...

Five things to know ahead of the opening bell this morning. First up, AMD posting better than expected earnings and revenue and offering upbeat guidance. Separately, Amazon disclosed yesterday that it had sold all of its 822,000 shares in AMD.Net result, that stock is off by about 5 and a half% this morning. Pinterest shares plunging after the company reported profit that was below expectations and gave weak guidance. That stock down by close to 18% this morning.And then you've got EV maker Rivian reporting ...

Let's get everybody up to speed. Uh it was a uh a remarkable evening. Fascinating to see uh what took place.Democrats notching some key wins on election day. Democratic socialist Zoran Mandami is elected mayor of New York. He defeated independent Andrew Cuomo with about 90% of the expected votes in.Mandami has more than 50% to Cuomo's roughly 42%. And uh even if you were to factor in the SLA vote, it looks like Zuran Mandani would have still won. Democratic representative uh Mikey Cheryl elected New Jersey ...

the futures uh this morning after one of the worst days in the S&P we've seen in a while uh yesterday. Joining us now is Mona Mahajen, head of uh investment strategy at Edward Jones. At least for yesterday, some of the uh chickens came home to roost.Do chickens roost or just roosters. I don't know. Tom Lee earlier in the week, I think on Monday said bullish for November but going to be tough near term.And it it it happened yesterday and it was all really based on valuation >> of of AI and and tech. >> Yeah, ...

It is time for the light round by stay and then the lighting round is over. Are you ready. Ski daddy time for the light round everybody.Let's start with Mike in New Jersey. Mike >> Kimbo, thanks for taking my call. I'm a Long Island native at heart though these days. I'm a Jersey boy.>> There you I'd love to chat about the I'd love to chat about the startup obesity space. I'm a longtime Viking therapeutic shareholder and have been watching the bidding war or met Sarah between Fizer and Novo. >> Yeah, I know ...

[Music] All right. What the heck just happened to the stock of Uber Technologies. The ride sharing and food delivery platform reported this morning, even though I thought the quarter looked pretty darn good.Wall Street clearly disagree with me as the stock plunged more than 5% today in response. Now, I've been a big backer of Uber for the past few years. I even recommended it in How to Make Money in Any Market.And the stock's been a huge winner. It's up more than 50% for the year even after today's pullback ...

Hey I'm Cramer. Welcome to Mad Money. Welcome to Cramerica other DNOW my friends I'm just trying to save you some money.My job is not just to entertain but to put days like today into context. So call me one 800 743 CNBC or tweet me at Jim Cramer. So Palantir fails to rally in response to a great quarter.And we all decide that it's time to jump ship, because the entire stock market must be overvalued. Silly as it sounds, I think that actually is what drove today's action. The Dow slipping 251 points, S&P lo ...