China's factory gate prices hit a record high in October, inflated by rising raw material costs and continued supply chain concerns. U.S. producer prices also hit record levels, as attention turns to the crucial CPI data due today - while the Fed's James Bullard tells CNBC, exclusively, that the central bank is positioned to hike rates next year if needed. Rivian prices its IPO above the range, valuing the EV-maker upwards of $66 billion ahead of its Nasdaq debut. Meanwhile Elon Musk loses $50 billion in two days as Tesla's stock drops another 12%, amid the continued fallout from his Twitter poll on cashing out. And it's a busy day for earnings in Europe, with Siemens Energy, Allianz, Adidas, Ahold Delhaize, and Infineon all reporting.

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