44 min
Stocks Extend Thursday's Rebound Rally, Disney Slumps As Streaming Subscriber Growth Disappoints, CDC's New Mask Guidelines and the Reopening Trade, Dogecoin Soars on Musk Tweet While Coinbase Jumps on Record Quarter, DoorDash's Q1 Delivers Big Stock Ga Squawk on the Street
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Carl Quintanilla, Jim Cramer and David Faber capped a volatile week for the markets with a look stocks extending Thursday's rally, shrugging off inflation fears and weaker-than-expected retail sales data for April. Disney shares bucking the morning's uptrend as slowing subscriber growth for its Disney+ streaming service overshadowed better than expected earnings. The reopening trade in the spotlight after the CDC announced updated guidelines saying fully vaccinated people can go without masks both indoors and outdoors except in certain cases. The anchors reacted to what former FDA commissioner Dr. Scott Gottlieb told CNBC about the guidelines. On the crypto front: Shares of Coinbase jumped in reaction to its first quarterly results since going public -- and Dogecoin soars after Elon Musk tweeted that he is working with the cryptocurrency's developers to improve its efficiency. Exxon Mobil Chairman & CEO Darren Woods joined the program exclusively to discuss everything from activist pressure on the oil giant -- to his thoughts on the fallout from the Colonial Pipeline hack. Also in focus: DoorDash surges on quarterly results, plus Kansas City Southern terminating its deal with Canadian Pacific and agreeing to accept what it calls a superior takeover offer from railroad rival CN.
Carl Quintanilla, Jim Cramer and David Faber capped a volatile week for the markets with a look stocks extending Thursday's rally, shrugging off inflation fears and weaker-than-expected retail sales data for April. Disney shares bucking the morning's uptrend as slowing subscriber growth for its Disney+ streaming service overshadowed better than expected earnings. The reopening trade in the spotlight after the CDC announced updated guidelines saying fully vaccinated people can go without masks both indoors and outdoors except in certain cases. The anchors reacted to what former FDA commissioner Dr. Scott Gottlieb told CNBC about the guidelines. On the crypto front: Shares of Coinbase jumped in reaction to its first quarterly results since going public -- and Dogecoin soars after Elon Musk tweeted that he is working with the cryptocurrency's developers to improve its efficiency. Exxon Mobil Chairman & CEO Darren Woods joined the program exclusively to discuss everything from activist pressure on the oil giant -- to his thoughts on the fallout from the Colonial Pipeline hack. Also in focus: DoorDash surges on quarterly results, plus Kansas City Southern terminating its deal with Canadian Pacific and agreeing to accept what it calls a superior takeover offer from railroad rival CN.
44 min