Markets Pop, Nikola & The SEC, Lowe’s CEO on New Small Business Initiative, Cohen Buys the Mets, Apple’s Product Day

Carl Quintanilla, Jim Cramer and David Faber discuss the surge for stocks, building on Monday’s gains on the back of the tech reversal and solid economic data. Shares of Nikola getting hammered as investors respond to news that the SEC is going to be examining the company over short seller allegations. The CEO of Lowe’s, Marvin Ellison, joining “Squawk on the Street” to discuss a new initiative for small businesses. Ellison is teaming up with Daymond John, to mentor entrepreneurs, listen to their pitches and narrow the pool of standout small businesses. The initiative will ultimately culminate in a one-day pitch competition judged by Lowe’s executives and hosted by John, giving small businesses a chance to get their products on Lowe’s store shelves and the website. Billionaire Steve Cohen reaching a deal to buy the New York Mets at $2.4 and $2.5 billion, a record for a North American professional sports franchise. Plus, a look at the possible products that will be rolled out during Apple’s product launch event this afternoon.