Carl Quintanilla and Jim Cramer begin the morning discussing Pfizer’s announcement that its experimental COVID-19 pill reduces the risk of death and hospitalization by 89%. Shares of Pfizer surging on the news. Plus, job creation roaring back in October as payrolls rose by 531,000 and the unemployment rate fell to 4.6%, a new pandemic low and better than expectations. Carl and Jim discuss the numbers with the U.S. Labor Secretary, Marty Walsh. Plus, Peloton shares collapse, falling 34%, as momentum for its at-home fitness equipment slows. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street