Squawk on the Street
Rally Continues, Reopening Stocks Surge, AstraZeneca – Gilead Merger in the Works?
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Show notes
Carl Quintanilla, Jim Cramer and David Faber discuss the continuing rally for the major averages to start the week. Stocks tied to the reopening of the economy leading gains once again with airlines, retailers and cruise lines moving higher. After two months in lockdown, New York City, begins its phase one reopening. Billionaire investor Stanley Druckenmiller joining CNBC saying, “what is clearly happening is the excitement of reopening is allowing a lot of these companies that have been casualties of Covid to come back and come back in force… with a combination of the Fed money and, in particular, a vaccine where the news has been very, very good.” Plus, David Faber’s new reporting on that possible AstraZeneca, Gilead merger. Sources telling him the two companies are not in deal talks.
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