Carl Quintanilla, Jim Cramer and David Faber looked at the road ahead for the markets, as stocks look to break a three-day losing streak. They explored whether the worst could be over for supply chain issues and chip shortages. Cisco shares down sharply despite posting better-than-expected quarterly results. The anchors reacted to CEO Chuck Robbins telling CNBC that Cisco experienced its highest order growth in a decade. They also discussed the volatility in cryptocurrencies one day after Bitcoin fell as much as 30-percent before recouping some losses: Bank of America out with a note saying it took Bitcoin only three months to go from "trendy to tacky," while Cramer says it's time for the SEC and its chairman Gary Gensler to consider crypto an asset worth regulating. Also in focus: Ford unveiling its new electric F-150 Lightning pickup truck and what it could mean for Tesla and other EV makers, Oat milk maker "Oatly" going public one day after Web hosting company Squarespace saw its stock drop sharply in its Wall Street debut, and Intel shareholders rejecting the company's executive compensation plan. The CEO of Petco appeared on the program to discuss his company's results and game plan for growth in wake of the pandemic and recovery. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street