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

Squawk on the Street

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.

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