Wrapping Up a Market Week: Gains Amid a "Stealth Correction", Yellen's View on Inflation, Intel Poised for Its Biggest Deal Ever?, Cruise Stocks Get a Much Needed Canada Boost, The Return of the L.A.

David Faber, Leslie Picker and Mike Santoli kicked off the show with look at the markets as the Dow aims to post a fourth straight weekly gain. They focused on what you should make of the "stealth correction", featuring some of the areas in the underlying market that have experienced "pain" this week, reflected in groups such as oil services (OIH) and biotech (XBI) as well as the Russell 2000. Banks and yields also in focus with earnings and Fed news dominating the week. The anchors reacted to what Treasury Secretary Janet Yellen told CNBC about expecting "several more months of rapid inflation" before it declines "back toward normal levels" -- plus "Bond King" Jeffrey Gundlach saying stocks still remain cheap compared to bonds. On the M&A front, the anchors discussed that Intel is reportedly in talks to acquire chipmaker GlobalFoundries for about $30-billion, which would be Intel's largest acquisition ever. Cruise ships also in the spotlight: Canada announcing it will allow cruises to resume in November if certain health guidelines are met. The anchors engaged in a roundtable discussion with analysts who cover the cruise lines, whose shares are among the worst performers on the S&P 500 this month. Also in focus: Los Angeles County to resume indoor mask mandates as the COVID-19 Delta Variant continues to spread, Moderna shares surging on news it will be added to the S&P 500, Didi slumps again on new developments surrounding a Chinese cybersecurity probe, June retail sales come in better than expected, investors flocking toward big tech, and Apple employees reportedly saying the company is cracking down on remote work.