New Market Week: Gold's Flash Crash, The Bitcoin Bounce, Oil Slumps on China COVID Measures, The Reopening Trade vs. the Delta Variant Spread, A Legal Victory for Norwegian Cruise Over Florida, An Upg

After a record-setting week for stocks, Carl Quintanilla, Jim Cramer and David Faber discussed some eye-opening news on the commodities front: Gold fell nearly 4.5-percent due to an early morning "flash crash" before recouping some of those losses, while crude oil prices tumbled on worries about the Delta variant in China, whose government announced measures to combat the outbreak. In the U.S., the seven-day average of COVID cases surpassing 100,000 for the first time in six months. Separately, a federal judge ruled that Norwegian Cruise Line can ask passengers for proof of COVID vaccination, temporarily blocking a Florida law banning that practice. The anchors explored what the recent COVID developments could mean for the reopening trade -- and reacted to Dr. Scott Gottlieb telling CNBC why he believes the epidemic won't last through the fall. Also in focus: The Wall Street upgrade that's lifting Tesla's stock, the earnings report card for Warren Buffett's Berkshire Hathaway, "M&A Monday" including DraftKings agreeing to buy Golden Nugget Online Gaming in an all-stock deal, and the Senate moving a step closer to passing a bipartisan $1T infrastructure bill and what it could mean for crypto as Bitcoin hits a fresh three-month high. The CEO of Plug Power appeared on the program and discussed what the bill could mean for the maker of hydrogen fuel cell systems.