The Chinese Stock Rally and the Cathie Wood Effect, Mandates and the Reopening Trade After Full Approval of Pfizer's COVID Vaccine, Boeing Faces New Scrutiny, Tim Cook's Decade as CEO of Apple, and the CEO of Medtronic Talks Earnings and the Pandemic.
Carl Quintanilla, Jim Cramer and David Faber explored the reasons behind a big rally in shares of China-based companies. One of the catalysts: Cathie Wood's Ark Invest buying almost 165,000 shares of JD.com. The reopening trade very much in focus one day after the FDA fully approved Pfizer's COVID-19 vaccine. Airline and cruise stocks extending Monday's gains. The anchors discussed everything from the push for vaccine mandates to why the White House isn't doing more to promote use of Regeneron's monoclonal antibody treatment for COVID. Medtronic CEO Geoffrey Martha joined the program to discuss his company's outlook in wake of the pandemic, as well as quarterly results showing stronger demand for medical devices. The anchors reacted to reports the FAA is set to review how Boeing employees handle safety matters on the agency’s behalf after some company engineers said they face undue pressure. Carl, Jim and David also took a closer look at Apple on Tim Cook's tenth anniversary as CEO of the tech giant: The stock up 1000-percent since Cook succeeded the legendary Steve Jobs. Also in focus: A fresh record high for the Nasdaq, Best Buy jumps on earnings, Palo Alto Networks soars on quarterly results, Airbnb CEO Brian Chesky tweets that the company "will begin housing 20,000 Afghan refugees globally for free," and an update on the lawsuit against a SPAC backed by billionaire investor Bill Ackman.
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