Comeback Rally Hits Pause, Market Speculation Spikes, Macys Surges on Preliminary Results
b'The \\u201cSquawk on the Street\\u201d team discusses the pause in the market and the spike in market speculation.\\nInvestors turning back to the recession and coronavirus pandemic.\\xa0The World Health Organization warning that the pandemic is still worsening around the world, as the U.S. continues to reopen.\\xa0Comeback trades on optimism about the reopening of the economy were lower. Names like United and Delta each dropping more than 10%.\\xa0David Faber reports on speculative trades surrounding Nikola, after shares jumped more than 20% Tuesday before reversing course to trade 10% lower.\\xa0On Monday, the stock more than doubled. Plus, a bright spot in retail, as Macy\\u2019s surges on positive preliminary results.\\xa0The company says stores that are reopening are topping expectations and they\\u2019re regaining customers much quicker than expected.'