Covid-19 Vaccine Rollout Effect On Stocks And The Economy, Buffett’s Message To Congress on Stimulus, And Apple Shares Shine On Report
Squawk on the Street - A podcast by CNBC
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One day after the Dow hit an intraday record high and the S&P 500 extended its daily losing streak to four, Carl Quintanilla, Jim Cramer and David Faber discussed how stocks are reacting to the latest developments surrounding COVID-19 vaccines on the second day of an historic rollout in the U.S. Also, the FDA saying it finds Moderna’s vaccine to be almost 95% effective. The anchors also took a closer look at the push for pandemic relief aid amid restaurant shutdowns and hospitality industry struggles. They also reacted to Warren Buffett telling CNBC the need for Congress to pass an aid package is urgent and that small businesses are “collateral damage” in what he calls “an economic war.” Also in focus: Apple shares jumping on reports it will boost iPhone production in the first half of 2021, Airbnb and DoorDash following last week’s stellar public debuts and whether their stocks are worth buying now, and Snowflake’s lockup expiration.
