J&J's COVID Vaccine Booster and the Reopening Trade, "Meme Stock Madness" Returns, Nasdaq's New Record High, Big Earnings Movers in Retail, Nvidia's Supercomputer Deal, and CEOs Head to the White Hous

Squawk on the Street - En podcast af CNBC

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Carl Quintanilla, Jim Cramer and David Faber discussed the road ahead for the market on another record-setting day for the Nasdaq. Johnson & Johnson says its COVID vaccine booster shot generated a positive immune response in early trials. The anchors explored what this means for the reopening trade as more companies institute vaccine mandates. Carl, Jim and David followed up on the "meme stock madness" after GameStop and AMC Entertainment each posted gains of more than 20-percent in Tuesday's session. Retail stocks also in the spotlight: Nordstrom shares tumble despite beating analyst expectations with its quarterly results, while Dick's Sporting Goods sees its stock soar in reaction to an earnings beat and dividend hike. The anchors took a closer look at the chip sector: Everything from Nvidia announcing its computer platform will be used in an U.S. Department of Energy supercomputer (and where Intel fits into the story) - to the state of the chip shortage and its impact on the auto industry. Also in focus: What to expect from the White House cybersecurity summit including the big tech CEOs, plus a "Faber Report" on SPACs -- and why one SPAC soared more than 170-percent right after the opening bell.

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