Big Week For Earnings, Apple's $430B Investment Plan, The Reopening Trade and Dr. Gottlieb's Call To End Outdoor Mask Edicts, Bitcoin Back Above $50K, and M&A -- From Companies Being Taken Private to
Squawk on the Street - En podcast af CNBC
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Carl Quintanilla, Jim Cramer and David Faber kicked off the show by discussing what to expect from a big week of earnings reports -- including names such as Tesla, Apple and Amazon. Apple also making news by announcing it is committing $430-billion in U.S. investments over five years -- the plan includes more than 20,000 new American jobs. As for the reopening trade: Sanofi announced it has agreed to help manufacture Moderna's COVID vaccine -- and plans to fill and finish up to 200 million doses by September. The Sanofi/Moderna news comes after states began administering Johnson & Johnson’s COVID-19 vaccine over the weekend, once federal regulators recommended that a pause be lifted. The anchors explored the road ahead for travel as well as workers returning to the office in wake of the vaccination ramp-up. They also reacted to what former FDA commissioner Dr. Scott Gottlieb told CNBC about his call for the CDC to end outdoor mask edicts. Also in focus: Bitcoin rebounding back above $50,000 after last week's sell-off, Volkswagen warning of a big production hit due to the global chip shortage and what it could mean for automakers in the U.S., an update on the railroad bidding war for Kansas City Southern, cybersecurity company Proofpoint agrees to be taken private in a $12.3-billion deal, and last year’s eye-opening compensation for CEOs despite the pandemic.