Morning After the Sell-off: Markets Rebound, China's Impact on Stocks, J&J's COVID Booster Shot Data, Uber Revs Up On Profit Outlook, and DraftKings Launches a $20B Takeover Bid

Carl Quintanilla, Jim Cramer and David Faber began the show with a look at a rebound for stocks one day after worries surrounding Chinese property giant Evergrande helped to spark the worst sell-off for the S&P 500 in four months. The anchors discussed whether now is the time to get in on stocks that took a hit due to China exposure. They also highlighted a note from Bank of America which says that Apple "has navigated the China relationship admirably" but added that a "resurgence of national sentiment" could impact iPhone sales. On the pandemic front, Johnson & Johnson out with data showing a booster shot of its COVID-19 vaccine -- given two months after the first dose -- provided 94% protection in the U.S. and 75% globally. Uber shares up sharply on the company's outlook. Carl, Jim and David reacted to Uber CEO Dara Khosrowshahi's comments to CNBC about why he believes his company is on the track to profitability. They also discussed Uber, Lyft, DoorDash and Airbnb -- all participating in the rebound rally -- and reacted to Airbnb CEO Brian Chesky talking to CNBC about how his company has adapted to travel changes in wake of the pandemic. David Faber reports that DraftKings has made a $20-billion stock and cash takeover offer for U.K.-based online sports betting company Entain. Also in focus: The two-day Fed meeting, plus what to expect from President Biden's first address to the United Nations General Assembly as President of the United States. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.