Carl Quintanilla, Jim Cramer and David Faber led off the show with a new twist when it comes to the "meme stock madness" -- Wendy's and Chamath Palihapitiya's Clover Health each soaring after chatter about both companies grew on Reddit's WallStreetBets forum. AMC Entertainment and GameStop also experiencing gains. On the flip side, Bitcoin and other cryptocurrencies under pressure on worries about tighter regulation. The anchors also discussed the U.S. recovering millions of dollars in crypto that had been paid to the Colonial Pipeline ransomware hackers. Southwest announcing it has agreed to add 34 Boeing 737 Max jets to its orders for 2022, bringing the total orders for that year to 234. Honeywell Chairman & CEO Darius Adamczyk appeared on the program to discuss his deal to form the world's largest quantum computing business -- looking to capitalize on what he says is projected to become a $1-trillion quantum computing industry. Carl, David and Jim had a wide-ranging discussion about a report from ProPublica: The investigative journalism group says it has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth - sometimes, even nothing. Also in focus: FDA Approval of Biogen's Alzheimer's drug and what it means for the stock. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street