Carl Quintanilla, Jim Cramer and David Faber took a wide-ranging look at the reopening trade: Uber shares under pressure after the company reported a revenue miss, vaccine makers such as Pfizer, BioNTech and Moderna saw their shares take a hit after the Biden Administration announced that it supports waiving intellectual property protections for COVID-19 vaccines, and Peloton trying to rebound one day after announcing voluntary recalls of its treadmill machines over safety concerns.
The anchors also reacted to comments made to CNBC by Uber CEO Dara Khosrowshahi and Pfizer CEO Albert Bourla. Lots of reaction to earnings from the likes of ViacomCBS, PayPal, Kellogg, and Etsy. That also goes for Norwegian Cruise Line -- the company says "a potential mid-summer restart from U.S. ports could be in jeopardy" depending on talks with the CDC. The anchors also engaged in a lively discussion about the run-up in cryptocurrencies such as Ethereum -- and what PayPal CEO Dan Schulman said about his company's crypto strategy. The hour ends with more on the economic reopening: Carl, Jim and David spoke about how they finally got together for the first time in 14 months -- at Cramer's restaurant in Brooklyn. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street