Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Wall Street was under pressure Tuesday. If the Dow closes lower, the 30-stock average would see its first nine-session losing streak since 1978 when Jimmy Carter was president. “I want you to look for a crescendo. In a crescendo, you have the market go down, down, down, and then the volume explodes. That’s how you get a clearing event to go back up. We have not had that crescendo yet,” Jim said during the Morning Meeting. Keep in mind that the Dow is price-weighted. And, as the highest priced component, UnitedHealth ‘s sharp drop since its insurance unit’s CEO was gunned down on the streets of New York City could be skewing the overall move. There has also been a rotation back into the “Magnificent Seven” stocks, which was why the Nasdaq on Monday posted a record-high close. U.S. oil benchmark West Texas Intermediate crude broke below $70 per barrel on demand concerns. Peter Navarro, set to become the top trade advisor to Donald Trump, said on CNBC on Tuesday that a “drill baby drill” policy will lower oil prices further. Navarro said that any inflation from tariffs proposed by the president-elect could be offset by $50-per-barrel WTI, which would lower the cost of gasoline. Jim said, “[Navarro’s] going to need the oil companies to play ball,” pointing out that energy giants have been reluctant to oversupply the market and watch crude prices sink. We followed through on plans to trim Broadcom when we were no longer restricted and took profits Tuesday. We were not alone as shares of the custom chipmaker dropped more than 4%. “We don’t like to do nothing when we see parabolic” rallies, Jim said. “Let’s talk about the tough one,” he added, referring to Advanced Micro Devices , which we also trimmed Tuesday. After speaking with Marvell CEO Matt Murphy on “Mad Money” on Monday evening, Jim said big tech companies want Nvidia’s AI processors and custom chips made by Broadcom and Marvell, leaving AMD in a difficult position in the market. Jim also commented on Club stock Nvidia’s recent slide. The stock ended Monday’s session down nearly 14% from its all-time intraday high of $152.89 a share on Nov. 21 and was under pressure again Tuesday. “Nvidia has spurts. It does nothing and then it has spurts,” he said. “We choose not to [trim Nvidia]. Why? Because we think the future is bright.” Stocks covered in Tuesday’s rapid fire at the end of the video were: Pfizer , Brown-Forman , Cisco Systems , Planet Fitness , Dell , and Arista Networks . (Jim Cramer’s Charitable Trust is long AVGO, AMD, NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
The Mercedes-Benz High-Power Charging network is expanding into Canada, with more than 2,500 fast chargers planned across Canada and the US.
The Mercedes-Benz High-Power Charging network is set to debut in Canada in 2025 in Metro Vancouver, and more fast chargers will open in Toronto in 2026.
The smart charging stations are open to all EVS, and Mercedes-Benz drivers have exclusive benefit privileges, including automatic charger reservations enabled by the native Navigation with Electric Intelligence feature on electric Mercedes models and the “Plug & Charge” feature for Mercedes me Charge app users.
The 400 kW DC fast chargers will feature both CCS1 and NACS connectors, and certain EVs will be able to charge from 10% to 80% in under 20 minutes.
“Our expansion into Canada will take steps to fill the gap in fast charging infrastructure and help customers confidently drive electric. At the end of the day, a better charging experience is a better EV ownership experience,” said Andrew Cornelia, CEO and president of Mercedes-Benz High-Power Charging North America.
Mercedes-Benz High-Power Charging opened its first North American charging site at Mercedes-Benz USA’s headquarters in Sandy Springs, Georgia, in November 2023 as part of an initial $1 billion charging network investment.
In February, Mercedes-Benz High-Power Charging surpassed 300 charging stalls in operation and under construction in 11 US states.
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Hyundai just launched its first flagship EV, the IONIQ 9, in South Korea. The IONIQ 9 is the largest Hyundai electric SUV with “best-in-class” interior space and features more driving range than any other EV in its lineup. For those of you in the US, get ready. You’re up next.
Hyundai IONIQ 9 launches in South Korea
After opening pre-orders last week, Hyundai officially launched the flagship IONIQ 9 in its home market on Thursday.
The electric SUV is available in six or seven-seat configurations, each with three trim options. The seven-seater “Exclusive” model starts at 67.15 million won, or around $46,000. Prices range upward to 79.41 million won ($54,500) for the premium “Calligraphy” six-seater. It can be bought in AWD or RWD powertrain setups.
With incentives, Hyundai expects the actual purchase price of the base IONIQ 9 (Exclusive trim) to be in the low to mid 60 million won range (around $41,000 to $45,000).
Buyers can choose from four different seating setups. The six-seater is available with premium relaxation seats, swivel seats, or a dynamic body care seat, while the seven-seater features a 6:4 folding seat.
The electric SUV is slightly larger than its sibling, the Kia EV9, at 5,060 mm (199.2″) long, 1,980 mm (78″) wide, and 1,790 mm (70.5″) tall with a wheelbase of 3,130 mm (123″). In comparison, Kia’s three-row electric SUV is 5,010 mm long, 1,980 mm wide, and 1,755 mm tall, with a wheelbase of 3,100 mm.
Inside, Hyundai loaded the flagship model with its latest tech, including a panoramic curved infotainment setup with dual 12.3″ driver display and navigation screens.
Powered by a 110.3 kWh battery and Hyundai’s E-GMP platform, the IONIQ 9 is rated for up to 532 km (330 miles) driving range in Korea.
With a 400/800V dual charging system, the IONIQ 9 can charge from 10% to 80% in just 24 minutes using a 350 kW charger.
Hyundai IONIQ 9 trim
Starting Price (South Korea)
7-seater Exclusive (with incentives)
60 million won ($41,000)
7-seater Exclusive
67.15 million won ($45,800)
7-seater Prestige
73.15 million won ($50,000)
7-seater Calligraphy
77.92 million won ($53,100)
6-seater Exclusive
69.03 million won ($47,000)
6-seater Prestige
74.64 million won ($51,000)
6-seater Calligraphy
79.41 million won ($54,500)
Hyundai IONIQ 9 starting prices by trim in South Korea
During the launch event, a Hyundai Motor official said, “We plan to provide a new level of electrification experience through the IONIQ 9, Hyundai Motor Company’s first electrified flagship SUV model.”
Following its domestic launch, Hyundai said it would launch the IONIQ 9 in the US. Hyundai will build the IONIQ 9 at its new EV plant in Georgia alongside the updated 2025 IONIQ 5.
Like the new IONIQ 5, the 2026 Hyundai IONIQ 9 will have a native NACS port for charging at Tesla Superchargers.
Hyundai’s website says the IONIQ 9 is coming in Spring 2025. Although prices will be revealed closer to launch, the flagship electric SUV is expected to start at around $60,000, or slightly higher than the EV9 at about $55,000.
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Chevy just unveiled a ferocious new Blazer EV.R prototype. Based on the new Blazer EV SS and NASCAR’s tri-motor powertrain, the prototype delivers over 1,300 horsepower.
Chevy unveils 1,300 hp Blazer EV.R NASCAR prototype
Ahead of the Daytona 500 this weekend, Chevy is giving us a glimpse into the future of racing. Chevy introduced the Blazer EV.R prototype on Thursday, which was built in collaboration with NASCAR.
Based on NASCAR’s Next-Gen EV chassis, the Blazer prototype packs over 1,300 hp (1,000 kW) from three STARD UHP 6-Phase electric motors, one in the front and two in the back. It also features a 78 kWh liquid-battery cooled battery.
Chevy said the Blazer EV.R is an example of new technology it’s testing out that could potentially be used in future production cars and race programs.
The prototype pulls design features from the 2025 Blazer EV SS, the fastest SS Chevy has ever made. With up to 615 hp, the electric Blazer can sprint from 0 to 60 mph in just 3.4 seconds.
Chevy’s global design executive director, Phil Zak, explained the Blazer EV.R features a lower and wider stance with added aerodynamics for performance.
Although just a prototype (for now), GM engineers were able to test it out at race pace last month at Carolina Motorsports Park in Kershaw, South Carolina.
The prototype was driven by Team Chevy Driver Justin Allgaier, who won the 2024 NASCAR Xfinity Series Champion.
NASCAR vice president of vehicle design Brandon Thomas said, “With the Blazer EV.R NASCAR prototype, Chevrolet and its engineers meshed new technologies with the NASCAR Next Gen platform – and the result is a powerful, exciting vehicle that we believe fans will love when they see it at Daytona International Speedway.”
The 2025 Chevy Blazer EV SS will be the first to pace “The Great American Race” this weekend. You can watch the Daytona 500 to catch Chevy’s new performance EVs on Sunday, February 16, 2025.
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