Carl Quintanilla, Jim Cramer and David Faber explored what's in store for the markets after Monday's big rally erased losses from Friday's sell-off. What should investors make of the rebound? Especially as Wall Street braces for Fed Chair Powell's Tuesday testimony on Capitol Hill before a House panel. The anchors also took a closer look at GameStop -- shares surging after it had announced completion of its previously announced sale of 5 million common shares, raising more than $1.1-billion. Breaking news in the mix: The Biden Administration to acknowledge it is not on track to reach its goal of at least 70% of U.S. adults having at least one shot of the COVID vaccine by July 4. Carl, Jim and David also discussed the EU opening a formal antitrust probe of Alphabet unit Google’s digital ad practices -- and what regulators going after big tech could mean for the FAANG stocks. More woes for crypto: Bitcoin slumps to a January low below $30,000, as China orders its banks to crack down even harder on crypto trading. Also in focus: U.S.-China relations and their effect on markets, Reddit-fueled stocks on the move, why Cramer's charitable trust closed out of Disney, Blackstone's $6-billion real estate/rental deal, and Philip Morris International's decision to move its corporate headquarters from New York City to Connecticut. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street