Carl Quintanilla, Jim Cramer and David Faber led off the program with a look at the linkage between a slump in tech stocks and a rise in bond yields, plus the economic boom versus supply shortages and the resulting inflation. A big question the anchors explored: What will Fed Chair Jerome Powell say about inflation and rising rates at his news conference -- and after the central bank releases its policy statement? Jim also took a deep dive into why younger investors don't take bond yields into account while buying stocks. Amazon announcing it will be rolling out its "Amazon Care" telehealth service in all 50 states this summer for its own workers -- and for other employers. Electric vehicles also in the spotlight: The anchors reacted to what Lucid Motors CEO Peter Rawlinson told Jim about how the company stands to benefit from its SPAC deal -- and how Lucid welcomes competition from the likes of Apple. Also in focus: What's next for the airline sector as discount carrier Sun Country goes public, BofA’s eye-opening note on Bitcoin, Uber granting drivers in the UK worker status, and why shares of Plug Power have recently slumped after soaring more than 1000% over the past twelve months.
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Squawk on the Street