Markets in June -- Boom or Swoon?, The Reopening Trade, AMC Soars on New Stock Sale, White House Sets Infrastructure Negotiations Deadline, SoFi Goes Public Via a SPAC Deal, Cloudera Goes Private, Plus Messages from Elon Musk and Intel's CEO on Supply Chai
Markets in June -- Boom or Swoon?, The Reopening Trade, AMC Soars on New Stock Sale, White House Sets Infrastructure Negotiations Deadline, SoFi Goes Public Via a SPAC Deal, Cloudera Goes Private, Plus Messages from Elon Musk and Intel's CEO on Supply Chai

Markets in June -- Boom or Swoon?, The Reopening Trade, AMC Soars on New Stock Sale, White House Sets Infrastructure Negotiations Deadline, SoFi Goes Public Via a SPAC Deal, Cloudera Goes Private, Plus Messages from Elon Musk and Intel's CEO on Supply Chai

The Rock

43 min
News
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Paglalarawan

Carl Quintanilla, David Faber and Mike Santoli kicked off the first trading day of June with a look at the reopening trade getting stocks off to an upbeat start after a mixed month of May. AMC Entertainment shares received a major boost, soaring on the announcement of a new stock sale. The anchors discussed that development and the future for so-called "meme stocks" with two Wall Street analysts, one of which reiterated its "sell” rating on AMC. Infrastructure negotiations also in the spotlight, as the White House sets a June 7 deadline for GOP lawmakers to reach a deal. Carl, Jim and Mike also reacted to Elon Musk tweeting that Tesla vehicle prices are rising due to supply chain pressures, plus Intel CEO Pat Gelsinger telling a conference in Taipei that he thinks recovery from the chip shortage could take several years. Also in focus: SoFi begins trading on the Nasdaq after combining with Chamath Palihapitiya's "Social Capital Hedosophia V" SPAC, Cloudera agrees to be taken private by KKR and Clayton, Dubilier & Rice in a $5.3-billion, deal, and what to expect from Zoom Video's quarterly results due out after the bell.

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Markets in June -- Boom or Swoon?, The Reopening Trade, AMC Soars on New Stock Sale, White House Sets Infrastructure Negotiations Deadline, SoFi Goes Public Via a SPAC Deal, Cloudera Goes Private, Plus Messages from Elon Musk and Intel's CEO on Supply Chai - Listen Free | WowFM