March 31, 2021
Carl Quintanilla and Jim Cramer led off the show with news out of Pfizer: The drugmaker says its study shows COVID-19 vaccine was 100% effective in preventing Covid-19 in children ages 12 to 15. The anchors went on to discuss how the U.S. is leading the charge on vaccinations. They also highlighted reopening-related stories: Wells Fargo says as of September 6 it sees a more normal return to work, while on the commercial real estate front JPMorgan Chase, Salesforce and PriceWaterhouseCoopers are among the companies looking to unload major blocks of office space. Ahead of President Biden's remarks making the case for his $2T infrastructure plan, Carl and Jim discussed which stocks are most likely to benefit from passage of such a bill. Merck CEO Ken Frazier, former American Express CEO Ken Chenault and dozens of the nation's Black business leaders are calling on all of corporate America to publicly and directly oppose new laws that would restrict the rights of Black voters -- and use their clout, money and lobbyists to sway the debate with lawmakers. The anchors reacted to what Frazier and Chenault told CNBC about the initiative. In a statement, Delta CEO Ed Bastian criticized Georgia's new election law, calling it "unacceptable" and that it would make it harder for Blacks in the state to vote. Also in focus: Wrapping up the first quarter and what to expect from stocks in the second quarter, plus earnings movers: Lululemon and Chewy moving in opposite directions.
