Carl Quintanilla, Jim Cramer and David Faber explored the road ahead for stocks with the S&P 500 and Nasdaq hitting new intraday record highs. Media news also on the front burner: CNBC parent Comcast calls "pure speculation" a Wall Street Journal report which states the company is considering ideas including a potential tie-up with ViacomCBS or an acquisition of Roku. The anchors also discussed a big development for Eli Lilly: Shares surging after the company announced it has received and FDA breakthrough therapy designation for its Alzheimer's treatment. Southwest Airlines Chairman and outgoing CEO Gary Kelly joined the program to discuss stepping down from the top job in 2022, the future for the airline and post-pandemic travel, and Southwest's relationship with Boeing. Kelly will be taking on the role of Executive Chairman at Southwest. Also in focus: JPMorgan Chase requiring employees to report their COVID vaccination status to help the bank prepare for workers returning to the office, and BuzzFeed announcing a deal to go public via a SPAC merger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street