Markets in June -- Boom or Swoon?, The Reopening Trade, AMC Soars on New Stock Sale, White House Sets Infrastructure Negotiations Deadline, SoFi Goes Public Via a SPAC Deal, Cloudera Goes Private, Plus Messages from Elon Musk and Intel's CEO on Supply Chain Pressures and the Chip Shortage

Carl Quintanilla, David Faber and Mike Santoli kicked off the first trading day of June with a look at the reopening trade getting stocks off to an upbeat start after a mixed month of May. AMC Entertainment shares received a major boost, soaring on the announcement of a new stock sale. The anchors discussed that development and the future for so-called "meme stocks" with two Wall Street analysts, one of which reiterated its "sell” rating on AMC. Infrastructure negotiations also in the spotlight, as the White House sets a June 7 deadline for GOP lawmakers to reach a deal. Carl, Jim and Mike also reacted to Elon Musk tweeting that Tesla vehicle prices are rising due to supply chain pressures, plus Intel CEO Pat Gelsinger telling a conference in Taipei that he thinks recovery from the chip shortage could take several years. Also in focus: SoFi begins trading on the Nasdaq after combining with Chamath Palihapitiya's "Social Capital Hedosophia V" SPAC, Cloudera agrees to be taken private by KKR and Clayton, Dubilier & Rice in a $5.3-billion, deal, and what to expect from Zoom Video's quarterly results due out after the bell. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.