The Return of the Market's COVID Worries, Powell and Yellen Head to Capitol Hill, Twitter's Future With a New CEO, and McMillon vs. Supply Chains
One day after the market recouped some of its losses from Friday's big sell-off, Carl Quintanilla, Jim Cramer and David Faber focused on a rough start for stocks as worries about the COVID-19 omicron variant resurface: Moderna's CEO predicts existing vaccines will be less effective against omicron, while Regeneron's CEO says the same about its COVID antibody cocktail. The anchors discussed how investors can navigate the volatility. Carl, Jim and David also discussed what to expect from Fed Chair Powell and Treasury Secretary Yellen's testimony on the economy and COVID before the Senate Banking Committee. Also in focus: The stocks that are bucking the downtrend, the road ahead for Twitter with Parag Agrawal replacing Jack Dorsey as CEO, Walmart’s Doug McMillion expressed optimism about supply chain improvements – while Tesla’s Elon Musk tweeted that this year's "supply chain nightmare" is not over.
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