Kicking Off the 2nd Half With a New Record High, "Don't Get Bored With The Rally", Micron's Chips and a Dip, Amazon vs. the New FTC Chair, A Warning from China's President Xi, and Spicing Things Up At

Carl Quintanilla, Jim Cramer and David Faber took an in-depth look at what to expect from the markets in the second half, with the S&P 500 hitting a new record high after jumping more than 14% in the first half. Cramer says "don't get bored with the rally" and talks about where to find opportunity. The anchors also discussed the road ahead for the chip sector after Micron shares fell despite better-than-expected quarterly results and upbeat guidance. Big tech fires back: Amazon calls on the FTC to recuse its new chair Lina Khan from antitrust investigations involving the company, citing her past comments including calling for the breakup of Amazon. Carl, Jim and David also reacted to China's President Xi taking a hard line against foreign interference in a speech from Tiananmen Square marking the Chinese Communist Party's 100th anniversary. Xi said China "won't allow any foreign force to bully or oppress" the country -- and that "anyone who dares try to do that will have their heads bashed bloody against the great wall of steel forged by over 1.4 billion Chinese people." The CEO of spice maker McCormick joined the program to discuss his company's earnings and how it continues to benefit from cooking from home trends since the pandemic began. Also in focus: Hedge fund Elliott Management calls for changes at GlaxoSmithKline, and Landry's CEO Tilman Fertitta amends a SPAC deal.