Crypto Crumbles as China's Crackdown Intensifies, Markets Rebounding after Friday's Sell-off, The SEC's Push for Climate Risk Disclosure, AMC Keeps Riding the Meme Stocks Wave, and Rivals take on Amaz

Carl Quintanilla, Jim Cramer and David Faber kicked off the show with a look at cryptocurrencies under pressure amid an expansion of China's crackdown on Bitcoin mining -- the newest steps resulting in a shutdown of about 90-percent of China's Bitcoin mining capacity. That news also weighing on shares of MicroStrategy and Coinbase. The anchors reacted to what the CEO of MicroStrategy told CNBC about the company's Bitcoin investing strategy. They also discussed the stock market's rebound after Friday's sell-off, which was sparked by comments St. Louis Fed President James Bullard made on CNBC about inflation and the road ahead for rate hikes. On the regulatory front, the anchors engaged in a wide-ranging discussion about a report in The Wall Street Journal, which says the SEC is preparing to require public companies to disclose more information about how they respond to threats linked to climate change -- and that businesses are gearing up for a fight. Also in focus: Amazon's two-day "Prime Day" gets underway and its rivals roll out their own deals for consumers, the "meme stocks madness" with shares of AMC more than doubling since the beginning of the month, big media companies such as Disney and the challenges they face when it comes to streaming and content costs, L Brands shares continue to rally -- the company files registration on a split of Victoria's Secret and Bath and Body Works, Pershing Square Tontine -- a SPAC controlled by billionaire investor Bill Ackman -- finalized a deal to buy a 10% stake in Universal Music Group from Vivendi valued at about $40-billion, and American Airlines will cut planned flights for the first half of July by about 950 flights, or 1%, due to staffing shortages and other issues as it deals with the sharp rebound in travel demand.