S&P 500 Hits Record High One Year After COVID-Fueled Market Crash, A Street-High Call For Apple, Feeling "Lucid" about EVs, And An Exclusive With The Chairman Of Oxycontin Maker Purdue Pharma
Carl Quintanilla, Jim Cramer and David Faber took a closer look at the reopening trade including airline and cruise stocks on a day in which the S&P 500 hit a new all-time intraday high. They also discussed Evercore ISI raising its price target on Apple to a street-high $175 per share. SPACs and electric vehicle maker Lucid motors also in focus, including David's encounter with the company's CEO. In an exclusive, David interviewed the chairman of Oxycontin maker Purdue Pharma about the company's bankruptcy reorganization plan and multi-billion dollar opioid settlement. The anchors looked back at the COVID-fueled market crash which occurred one year ago on March 16, 2020. On that date the Dow plunged by almost 3,000 points -- with the S&P 500 and Nasdaq each tumbling by twelve percent. You'll hear what Jim Cramer said on that date about the crash. Also in focus: What United Airlines CEO Scott Kirby told CNBC about the travel outlook as COVID vaccinations ramp up, Moderna's COVID vaccine trials involving children, AstraZeneca facing challenges as multiple European countries suspend use of its vaccine on blood clot concerns, and what AMD CEO Lisa Su told Jim about meeting demand in wake of the chip shortage.
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