Carl Quintanilla, Courtney Reagan and David Faber spoke with CNBC’s Steve Liesman and Chicago Fed President Austan Goolsbee about this morning’s PCE print and the Fed’s revised rate outlook. Goolsbee’s comments sparked a market rebound, saying he expects Fed rates to go down by a “judicious amount” in 2025. The desk also hit two key earnings movers: FedEx and Nike. FedEx topped earnings expectations and shares initially rallied after announcing a spinoff of its freight business. Nike shares tried to rebound after its initial drop, following the company’s first quarter under new CEO Elliott Hill.

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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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David Faber, Leslie Picker and Mike Santoli started the hour by discussing the market rebound, a day after stocks tanked on the Fed’s revised rate outlook. The desk also headed down to DC, where Emily Wilkins reported on the likelihood of a government shutdown after Elon Musk and President-elect Trump slammed the bipartisan spending bill. Also in the mix; Accenture CEO Julie Sweet joined the show to breakdown her latest quarterly results, which sent her stock higher.

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Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about markets trying to rebound from Wednesday's Fed-fueled sell-off. Hear why Cramer

believes Fed Chair Powell "got it wrong." Micron shares tumbled on weaker guidance, which overshadowed a Q1 earnings beat. President-elect Trump told NBC News 

he's in favor of abolishing the debt ceiling.  The anchors discussed Elon Musk's role in the scuttling of a bipartisan spending deal aimed at avoiding a government shutdown.

Food for thought: Olive Garden parent Darden Restaurants surges on earnings, frozen french fry maker Lamb Weston plunges after replacing its CEO and slashing guidance.

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Carl Quintanilla, Sara Eisen and David Faber kicked off the hour by counting down to the big Fed meeting, where the group is expected to cut rates for the third time this year. Later in the show, Sara Eisen played a portion of her interview with Salesforce CEO Marc Benioff, after the company announced it will hire 2,000 people to sell AI products. Benioff detailed why he’s “never been more excited about anything in my entire career.” The CEO of Compass also joined the desk at Post 9 with his outlook for the housing market in 2025.

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Jim and Jeff discuss the positive analyst call for this retail stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake 

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Carl Quintanilla, Jim Cramer and David Faber explored how to navigate the markets ahead of Wednesday's Fed interest rate decision. Nvidia shares rebounded as the stock tries 

to climb out of correction territory. The anchorsdiscussed Brian Niccol's first 100 days as Starbucks CEO, the challenges he faces and the stock's performance since he took the job. 

Also in focus: Honda-Nissan merger talks, Morgan Stanley names Disney a "Top Pick" for 2025, "Magnificent 7" stocks in record territory, the Dow's longest daily losing streak since 1978.

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Cramer explains why the Club is selling this chipmaker after its parabolic move. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake 

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Carl Quintanilla, Sara Eisen and David Faber took a closer look at the markets, with the Dow on pace for its biggest losing streak since 1978. One of the group’s components, Nvidia, continued to trade lower; The stock entered correction territory, with shares down more than 10% from its last record close. The desk also turned to President-elect Trump taking aim at pharmacy benefit managers, saying that these “middlemen” are driving up drug costs and need to be eliminated. Shares of UnitedHealth, Cigna and CVS all moved lower on those comments. Senior economics reporter Steve Liesman also joined the show with exclusive results from CNBC’s latest Fed Survey.

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Carl Quintanilla, Jim Cramer and David Faber led off the show with Nvidia in correction territory, down more than 10% from its 52-week high and flat over the past six months. 

When will the stock hit bottom? A different story for Tesla: Shares hit a fresh record high on an upgrade from Mizuho. The anchors reacted to President-elect Trump's comments 

about lowering drug prices and cutting out the "middleman," which weighed on shares of pharmacy benefit manager operators UnitedHealth, Cigna and CVS Health. 

Also in focus: Stocks under pressure ahead of Wednesday's Fed rate decision, Pfizer rises on 2025 forecast, Alphabet's quantum leap.

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Cramer explains why the Club bought more of this pharma stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake

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